It was also intended to do the same to the middle east using a divide between Christians and Muslims to get us to fight each other, weaken each other so the Brits could take over the middle east oil fields. Israel's pay off will be the gas fields of GAZA and the Ukraine, where the khazars plan on relocating. What a bunch of insane loonie satanists.
This is the most definitive explanation that we have had so far and it seems to be spot on and fills all the gaps we had on what, where, why, and who. This below gives us the HOW. They intend to steal our wealth using the laws passed that rename our deposits from "cash" to securities/bonds/ etc in order for the banks to legally confiscate our cash to pay them back for their out of control betting on derivatives. This time they won't have to ask and go through hell like they did last time. They will just take what they need. GET OUT OF THE ROTHSCHILD BANKS AND INTO YOUR LOCAL BANKS AND CREDIT UNIONS AND DO IT NOW.
Now, the question is? Will that be the line in the sand that the sheep will need to stand up and fight back? Its always been Britain and we should have known it, but Israel has been the black ops mercenaries to implement the British plans for recovering our nation of rebels. What we will have to watch for is how coordinated this will be.
Will religions begin to prep us? Will our schools do the same to our children? Lots of questions and a must ponder session to begin to truly deal with who and what we are up against. Read all these blogs today and see what you think. Please let us know in the comments section. We definitely need to be discussing this from a positive perspective, like "what are our options and how do we exercise them effectively".
It Is Official: The Much Feared And Anticipated Bank Worldwide Criminal Bank "Bail Ins" (Outright THEFT) Are Coming!
http://northerntruthseeker.blogspot.com/2014/12/it-is-official-much-feared-and.html
by Mark Nesman, Lew Rockwell.com and Info wars.com
N/T: Yes, it is Christmas time... And while everyone is busy (including myself) in preparing for the big holiday feasts, and going into rampant consumerism mode that will drive themselves into unending debt, there is much going on around the world...
One major factor that I have been alerting everyone about for the last few months seems to now be coming to fruition, and its implications will hurt everyone in their pocket books shortly! That is of course the much anticipated criminal banks and their fraud called a "bank bail in".
And now according to the following article from Mark Nestmann, over at Lew Rockwell.com, through the Infowars website at www.infowars.com, it appears that it is now official that criminal bank "bail ins" are going to happen much sooner than anyone has anticipated... First here is that very important article for everyone to read for themselves, and I do have my own thoughts and comments to follow:
It’s Official: The Worldwide Bail-ins Are Coming
If they lose a bet, the counterparty to the contract has first dibs on your money.
Image Credits: Infowars.com
On November 16, leaders of the G20 Group of Nations – the 20 largest economies – made an important decision. The world’s megabanks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets. And if they lose a bet, the counterparty to the contract has first dibs on your money.
The governments of these 20 countries are now supposed to put these arrangements into law. Most, including the US, have already done so.
You could be forgiven for not paying much attention to the G20 meeting, because it was mostly “more of the same” – the latest plan to have central banks inject trillions more dollars into the global economy.
But the G20 also endorsed a proposal with a mind-numbingly tedious title: Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution. Not exactly a page-turner. Your average American is more likely to watch Chicago Fire than to delve into the minutiae of the global financial system.
But this proposal profoundly changes the rules for banking globally, and not in a good way. Deposits in banks that are “too big to fail” will be “promptly recapitalized” with their “unsecured debt.” This avoids those nasty taxpayer-funded bailouts that proved so politically unpopular during the 2008-2009 financial crisis.
And the largest chunk of unsecured debt is your bank deposits. Insolvent banks will recapitalize themselves by converting your deposits – checking accounts, but also money market accounts and CDs – into stock.
Thus, when you deposit money in a bank, you’re taking the same risk as someone buying a stock. Or, for that matter, betting on a horse named “Falling Star” at the local racetrack. Because, in effect, that’s what banks are doing with your money.
The G20 has also officially declared that derivatives – the toxic contracts Warren Buffett calls “financial weapons of mass destruction” – are secured debts. Since your bank deposits are now only unsecured debt that the bank has pledged to a secured creditor, guess who gets your money if the bet goes the wrong way for the bank? Answer: It’s not you.
Heads, the bank wins. Tails, you lose.
Fortunately, “insured deposits” won’t be subject to this treatment. In the US, 100% of deposits in insured banks are protected up to $250,000 per depositor, courtesy of federal deposit insurance. But it’s hardly reassuring that this fund has a reserve ratio under 1%. For every $100 on deposit, the FDIC has less than one dollar to back it with.
This is still a lot of money – $54 billion at the end of September. But it’s dwarfed by $6 trillion in insured deposits, not to mention derivatives contracts with a total value of nearly $300 trillion. Indeed, the failure of just a single major Wall Street bank could exhaust the fund.
Federal law authorizes borrowing from the US Treasury to make up the shortfall, but when a banking crisis hits, it’s not likely to occur in a vacuum, as I described in this essay. Lots of other people will be demanding a handout, many of them with stronger political connections than you or I could ever hope to muster.
How bad could it get? Well, under the scenario the G20 just blessed, uninsured bank depositors would be even worse off than account-holders in the government-owned banks in Cyprus that became insolvent in 2013. Their claims were considered superior to those of derivative counterparties. Some uninsured depositors got almost half of their money back (although at one government-owned bank, they got nothing).
A more apt example would be Lehman Brothers. When it declared bankruptcy in 2008, unsecured creditors got about 21 cents on the dollar.
You might be wondering why the G20 made this decision. The obvious incentive is to avoid politically unpopular bailouts of megabanks that are “too big to fail.”
But there’s a less obvious reason as well. The G20 hopes that you’ll invest in government bonds backed by the “full faith and credit” of its member governments. That will have the effect of keeping down interest rates on the alarmingly high debt carried by almost every G20 member.
How can you protect yourself?
The most important precaution is to minimize your exposure to the banking system. Keep bank deposits well below the deposit insurance maximums. Accumulate physical currency, precious metals, and other “real assets.”
Diversifying your investments internationally also makes sense, but because bail-ins have now gone global, it’s no longer as simple as just opening an account outside the US or whatever other country you live in. Use only strong, well-capitalized banks to hold the funds you keep in the banking system. Look for banks with as high a level of “Tier 1” liquidity as possible – 25% at the minimum. (By comparison, the minimum required in the US is only 6% to be classified as “Well-Capitalized.”) If you have at least $500,000 or so to spare, open an account with an offshore private bank that has no commercial lending or derivatives exposure.
I don’t know when the next global financial crisis will hit. But when it does, I do know who will pay for it. And it won’t be the bankers or the financial geniuses who designed the “financial weapons of mass destruction” that led to their downfall.
Get your assets out of the “too big to fail” banks – now. It’s only a matter of time before the SHTF.
NTS Notes: I am very much annoyed that people just do not get it! These criminals that run our own governments did indeed sign off on the massive bank bail in fraud back in the G20 summit meetings in Brisbane Australia, and they will indeed, and very shortly, grab everyone's hard earned savings accounts to bail themselves out of their playing in the Derivatives market casinos!
I came across a most interesting analogy of what this "bank bail in" fraud entails from Michael Rivero over at www.whatreallyhappened.com, and I do want to share it here with all of my own readers:
Imagine a casino where the players are allowed to keep what they win, but if they lose, management passes the hat around to the bellhops, waitresses, desk clerks, housekeepers, and forces them to dip into their own pockets to cover the losses, so the player can go back to the tables again. The players obviously all love the arrangement; the casino workers obviously less so.
This is what the G20 have just done. Every nation has now rigged their stock markets so that the winners keep their winnings, while dropping the losses onto the people, who neither play the markets nor gave their permission to such a scheme.
This is the very essence of a fascist economic system. Bankers who make money keep it. Bankers who lose money force the public to cover the losses. (VN: and with this comes the down fall of our republic. It means that our system no longer works, no law enforcement on the fascists, only on the people.
I personally have withdrawn what savings I have in any banks a long time ago because I have NEVER ever trusted them, period... Now I recommend that anyone that has any large savings in these fraud organizations to get their money out as soon as they can... Failure to do so will only result in those funds disappearing once these criminals declare a "bank bail in" and steal it outright.
Yes, this is theft... But for some reason if you or I were to steal we would spend years in a jail, while these criminals when they steal only get either fines, a slap on the wrist, or a pat on the back or applause by the criminals running our governments! (VN: or bonuses for such creative fraud that worked. I remember that on our last bail out. I was so mad when they paid out bonuses to the failing CEO's of those banks and it was from our bailout funds. Our Fed Res also bailed out foreign banks against the intent of congress when they agreed to the bail out. The entire fed should also be in jail. )
Yes, the bank "bail ins" are coming and people are now just too chemicalized and dumbed down these days to see it coming. That is the saddest part of this all...
More to come
NTS
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