It is becoming more and more apparent why both Greece and Germany were unwilling to negotiate any changes to the debt contracts that have now led the Southern European country to give up some of their sovereign infrastructure just to be allowed to borrow more money to pay back to the banks. Besides the fact that the Greek people no longer trust their banking system due to a recent three-week holiday which included access restrictions to their safety deposit boxes, Germany is experiencing their own liquidity problems within their banks as they commence new capital controls over those who might take their money out and move it outside the country.
On July 20, a new report out of Germany was published that shows that the government is working to deactivate a 23 year old service known as Maestro which allowed citizens to link their bank accounts directly to a debt card, which was backed by MasterCard, and usable anywhere around the world, and in any currency they needed.
The game is afoot to eliminate CASH. According to reliable sources, Maestro is seriously under attack. In Germany, Maestro was a multi-national debit card service owned by MasterCard and founded in 1992. Maestro cards obtained from associate banks and can be linked to the cardholder’s current account, or they can be used as prepaid cards. Already we see the cancellation of such cards and the issuing of new debit cards. Why? The new cards cannot be used at an ATM outside of Germany to obtain cash. Any attempt to get cash can only be an advance on a credit card.
Once they eliminate CASH, they will have total control over who can buy or sell anything. – Armstrong Economics
Yet as I noted at the beginning of this article, banking and monetary restrictions are occurring in BOTH Germany and Greece. And after citizens nearly drained their banks of all their reserves a month before the bank holiday was announced, Greek banks are now begging their people to put their money back into the banks, and trust that access to their money won't be hindered.
President of Greek Banks Association Louka Katseli appealed at the citiznes to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV “as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the last months.
Katseli, a former PASOK Minister, appealed to citizens to return their deposits to the banks “now that the banks are open” after a three-week holiday and capital controls. - Keep Talking Greece
Would you trust a bank after they locked their doors and kept you from your money and possessions for three weeks time? Especially in the midst of a game changing crisis?
However, many people in the U.S. will ignore these warnings and stick to the old belief that, "This would never happen here." On the contrary, just last night on Coast to Coast AM, intelligence analyst Craig B. Hulet, a consultant to Homeland Security, the Pentagon, and even to Congress, offered the reasons why America is now going through a military exercise on U.S. soil known as Jade Helm. And where the primary goal of the two month long exercise is to train the military for civil unrest, that is not unlike what is going on right now in Greece, for an expected banking and monetary crisis that could come as soon as September, and will include a bail-in that will take a minimum of 20% from all of your savings, checking, retirement, and pension funds stored in a U.S. financial institution.
(Listen to the first 40 minutes of last night's program)
So we now have not just the warning signs, but actions already taking place regarding a monetary and banking crisis that is now in its early stages. And if trusting in banks is no longer the answer to protect and save your wealth and retirement, what solution is available?
The answer lies in Karatbars.
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
How to make money in both the Dual and Uni-level systems of Karatbars
How to make a six figure income using Karatbars in just 7 weeks.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.