“Bail-ins, the new “systemically” correct term for public financed bank fraud, are already named in national policies and laws, appearing in multiple countries. These finance laws, such as Dodd-Frank and its pending European Union version, make legal and allows for failing G-SIFI banks to legally convert the funds of “unsecured creditors” into capital. Those creditors include “secured” creditors, state and local government funds, and ordinary bank depositors, just like you!” ~B Redmayne-Titley
G-SIFI = Globally Active, Systemically Important, Financial Institutions”
Just like in 2007, the predictable upcoming financial crash will arrive suddenly overnight and the new day’s world economy will be in chaos. At the starting gun of this “run on the banks,” you had better be pretty quick.
Your bank has almost zero cash.
“I’m sorry, Sir. We are unable to cash this check,” were the ominous words delivered to me by a fresh faced, none-too-friendly, Wells Fargo Bank manager. He had just kept me waiting ten minutes while in consultation about my transaction. Returning to his cubicle he sat down quickly, now looking at me intently through narrowed eyes.
Three feet away, between us and in front of him, were three forms of my personal identification face up. He gazed down glowering at two checks also before him, written to me by a client and drawn on his bank. Not being a “Well’s” customer I expected a shake-down, hence the multiple forms of ID.
The two checks totaled a seemingly paltry sum of almost US$8,000.00. Not expecting this much difficulty I insisted on a reason, to which he replied, “I’m sorry, but the bank does not have sufficient funds on-hand to cash these checks.”
Really? Naturally, like the majority of capitalist indoctrinated bank depositors, I assumed that, as is traditional with banks, this one would have lots of cash. Au Contraire.
Unapologetically he informed me that he was “sorry” but he could only cash one of the checks at this time. Both checks were for about the same amount. I inquired if this was a new bank policy and was told that the bank simply did not have enough cash, and, “no”, I could not come back at the end of the day after the bank had received the days cash deposits. However, if I went to a larger branch they might be able to handle both checks.
This rather unique news seemed worth delving into further, so I declined his kind offer and left with my two onerous withdrawals.
Since I was away from home I decided to wait and stop by my town’s main Wells Fargo branch office. For anyone following the factual and very dire condition of the world’s economy and its banks, and their growing list of financial crimes against humanity, my sojourn into the realm of Kafka would be amusing but cautionary venture.
Those evil banks. The shadowy Zionist denizens of New York, London, and Brussels are guilty of a staggering set of every-expanding frauds couched in the beneficent language of greedy short term materialistic personal gain. Financial “crimes of the decade,” like the Savings and Loan meltdown, the Enron Collapse, and charlatans like Bernie Madoff are nowadays reported regularly. Continue reading