This is an important video that everyone needs to watch. The recent events in Cyprus (investors getting a “haircut” as the cynical bankers put it), means that anyone who has money in a bank, is in danger of having their money stolen.
The simple fact is that anyone who puts money into a bank account is LENDING money to the bank. This LOAN is regarded as an UNSECURED loan. The bank has every legal right to do with the money whatever they wish, and this includes putting your money at risk. In the event of the bankruptcy of the banks, unsecured loans would be last in the creditors queue; in reality your money would be lost.
What is even more alarming is that all banks practice FRACTIONAL LENDING. Simply put, this means that banks lend out more money than they have in their possession, usually at ration of 1:100 (i.e for everyone one dollar of currency, they can create another $100 of debt). This means that every time someone deposits money into a bank, they are being empowered to create even more debt! The implication of Fractional Lending is that if every depositor withdrew their funds on the same day, the banks would be insolvent because they would not have the liquidity to service the repayment of the loans.
It has become clear that there are massive levels of collusion between ALL BANKS. The banking world is nothing less than a Ponzi Scheme. The greedy globalists are now beginning to plunder the masses that the new World Order seeks to implode by controlled economic demolition.
Video Originally Published on Mar 19, 2013
Cyprus Looting is Only The Beginning for Global Elite. Alex Jones invites Gerald Celente to discuss the looting of Cypriot bank accounts, and what the future holds for Italy, which may be the next nation to be similarly plundered.
Official Gerald Celente channels: “Gcelente” & “TrendsJournal”.
©2012 TrendsResearchInstitute. Gerald Celente™.