Dateline Greece: July 2015. Bank holiday extends into second week with a new wrinkle added to the mix.
Greek people cannot access their possessions held in bank safety deposit boxes.
This is the second country within the past four years that has instituted a bank holiday, and capital controls which removed the power of its citizens to access their valuables from 'protected' safety deposit boxes housed in a banking institution. Yet even with this evident and blatant attempt by the bank to keep the Greek people from their funds, the are not alone in government's wanting to ensure you keep your money where they can access/restrict/seize it in case of the next banking or monetary crisis.
Dateline United States: 2010 Department of Homeland Security issues proclamation under the Patriot Act where the government can access or seize the contents of your safety deposit box at anytime.
According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that “under the Patriot Act” the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make “periodic and unannounced” visits to any bank to open and inspect the contents of “selected safe deposit boxes.”
Further, the DHS “shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence” any of the following items “bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature.” - Investment Watchblog
And of course, with the financial and monetary systems showing cracks in recent weeks, how long until the next liquidity crisis facilitates the implementation of Dodd-Frank legislation allowing for banks to confiscate your bank accounts to recapitalize their losses under a bail-in scenario?
The timeframe for this may be closer than we think. In fact, a few weeks ago, well known financial analyst and author Nomi Prinz was invited to be the keynote speaker at a Federal Reserve conference. Shortly after her taking time to address members of the world's largest central bank, Prins told Gerald Celente and King World News in an interview that the Fed 'has no idea what they are doing', and began sounding a warning call for people to act on their own rather than rely on the 'experts' at the central banks.
Yet Nomi Prins does have a solution, and one that she sees as the only viable option to protect your wealth, and be prepared for what is coming in financial markets. Get into cash, gold, and get your money outside the banking system.
Central banks seek fresh ways to keep the party going as countries like Greece shut down banks to contain capital flight, and places like Puerto Rico and multiple states and municipalities face economic ruin. But they are clueless as to what to do.
In this cauldron of instability and lack of leadership, cash is the one remaining financial possession that Main Street can translate into goods, services and security. That’s why private banks want more control over it.
Banks Want Your Cash For Their Latent Emergencies
The notion of a bail-in, or recourse to people’s deposits, is related to the idea of restricting the movement, or existence, of physical cash. Bail-ins, like any cash limitations, imply that if a bank needs emergency liquidity, your deposits are the place to find it, which has negative repercussion on your own solvency. This is exactly what the Glass-Steagall Act of 1933, coupled with the creation of the FDIC sought to avoid – banks confiscating your money at the worst possible times.
The ‘war on cash’ is thus really a war on the difference between the money you can hold on to and the money the banks can take away from you. The existence of this cash debate underscores the need for a personal policy of cash extraction from the big banks. Do you have one? - Nomi Prins, Silver Doctors
So if you are like most people, and don't have a huge net worth, or a network of insiders to help you move your money out of a bank and into a more protected structure, what is the answer?
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.