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Posts Tagged ‘too big to fail’

Money Is Not Safe In The Big Banks

August 23, 2013 1 comment

People think that money is safe in the big banks because the FDIC will protect the deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating deposits when, (not if) a big bank fails. Individual, as well as public funds from municipal, university, county deposits are at serious risk. YOUR taxpayer money will disappear in the next crisis! Public officials in charge of taxpayer funds need to be aware of the dangers here. The loss of taxpayer funds  and the inability to meet payrolls and obligations will certainly prompt a response that will both immediate and forceful.

This video will show how Cyprus was not a one-time event and how the Cyprus confiscation was planned well in advance and how M.F. Global was the blueprint for future confiscations and how a legal precedent was created when these losses were upheld by the legal system.

Ask your public official in charge of finance where they keep YOUR taxpayer money!

Ask them if they have researched the public banking option! Do not accept no for an answer, ask them why. If they say that you do not understand these things, tell them to explain it to you.

After all, this is your money that you worked so hard for, so don’t let the big gamblers from Wall Street use YOUR personal or taxpayer money to cover THEIR losses. These big bankers are money addicts, they have no appreciation of how much work went into making that money. They do not care about you or your money, all they care about is their addiction. Don’t let public officials continue to put your taxpayer money at risk with these gamblers, just because this is how it has been done in the past.

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Move your bank

November 20, 2011 1 comment
let's do as they wish

Get your cash back -- Move your bank

It is time to let the “too big to fail” banks know that they do not have the final say. They can buy our politicians, they can generate fraudulent mortgage documents, they can buy legal protection against prosecution, but they have no defense against the combined economic might of the people!

VOTE WITH YOUR POCKET BOOK!

The big banks have been draining our economy, placing their profits in off shore accounts, not paying their fair share in taxes, financing the shipping of our jobs overseas, getting government bailouts, and paying their executive HUGE bonuses. They take the money they make in your community and ship it out impoverishing your community.

A local bank or credit union will invest in your communities, pay taxes in your communities and make it a better to place to live.

Time to send these Wall Street criminals a message!

Stop paying a 3% bank tax on all credit card transactions.

Stop shopping at the big chain stores. Patronize your local merchants.

New Jersey throws pensioners under the bus

The state of NJ has thrown its pensioners under the bus. The recent “agreement” reached between Governor Christie and the “leaders” of the Senate and Assembly have decided to forgo cost of living increases for those retirees receiving NJ pensions. While on the surface this may seem a reasonable and “acceptable” compromise, closer scrutiny reveals that this is an insidious plan that will leave pensioners who had worked their entire lives and paid their agreed to amounts into the system faithfully, (unlike the state of NJ) with a rapidly decreasing standard of living or potentially totally broke.

www.ShadowStats.com

Courtesy of shadowstats.com

Let’s analyze what will happen. We all know that inflation is increasing and will continue to accelerate as the Federal Resereve continues to print more dollars to protect the interests of Wall Street and the “too big to fail” banks. The official government figures for inflation stand at approximately 2.5% to 3%, but everyone who has to support a family knows that these highly manipulated figures do not represent the real rate of inflation. Shadowstats.com, a highly regarded website that calculates the real rates has determined that the current inflation rate is at 12%, not the much lower government figure.

Now consider this: if the true rate of inflation is 12%, IN 4 SHORT YEARS PENSIONERS WILL LOSE HALF OF THEIR BUYING POWER! Consider how much buying power will be lost over 8 years, or 12 years. These pensioners will have close to NOTHING!

Governor Christie talks about “shared sacrifice”, but in reality he gave tax cuts to millionaires and billionaires while cutting programs for those who need it the most and now the pensioners. This is Robin Hood in reverse, he is taking from the poor to finance tax cuts for the rich. Where is the shared sacrifice here? Will the millionaire bankers, hedge fund managers, and corporate executives suffer a 50% cut in their income in 4 years? You can bet you would hear howls of protest from them if he tried to do that.

Billions for banks, poverty for the restThis “pension” reform needs to be exposed for what it really is. This is nothing less than a total reneging on their social contract with the people who worked their entire lives in service to the public. Let’s not forget that it was not the police, public nurses, teachers, and firefighters who caused the state’s economic problems. The problem was caused by a percipitous drop in revenue and the ones responsible for that are the Wall Street types, the big bankers, and the speculators. These people paid themselves $millions in bonuses for a job well done and they still get tax cuts from the governor while the pensioners will be left with nothing?

Wake up America, what happens here affects everyone. Think Social Security and don’t think that YOU will not be the next target of the financial elites and their hired politicians.

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