It is said that when the mainstream begins printing truthful news stories, then you know that the time for the stuff to hit the fan is very very close. And besides the many alternative economists like Peter Schiff, Gerald Celente, and Dr. Jim Willie who have spoken on the need to get into cash, coins, and offshore your wealth, that same message is now being transmitted by those who's livelihood is tied to the currency system, and to Wall Street.
FDIC advocated bail-in procedures going back to 2012
This paper focuses on the application of “top-down” resolution strategies that involve a single resolution authority applying its powers to the top of a financial group, that is, at the parent company level. The paper discusses how such a top-down strategy could be implemented for a U.S. or a U.K. financial group in a cross-border context…
These strategies have been designed to enable large and complex cross- border firms to be resolved without threatening financial stability and without putting public funds at risk…An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company into equity.
In the U.S., the new equity would become capital in one or more newly formed operating entities. …Insured depositors themselves would remain unaffected. Uninsured deposits would be treated in line with other similarly ranked liabilities in the resolution process, with the expectation that they might be written down. http://www.fdic.gov/about/srac/2012/gsifi.pdfUninsured deposits are those in a bank that are more than $250,000 for a single account. However, one has to take into consideration that under the Dodd-Frank bill, and under recent FDIC regulations, derivatives are given a much higher priority for payment than your checking or savings account, and as of right now there is only $25 billion in the FDIC to cover over $9 trillion in bank accounts, and $303 trillion in derivatives.
What will 50% of the American population do when the government checks stop coming?
When you take into consideration all the welfare programs, unemployment insurance, disability payments, and social security, over 50% of the entire population of the U.S. is on some form of government aid. And as our national debt is well over $18 trillion and the annual deficit well over $1 trillion, how long will it be before the government has to cut off many of these promised payments because they can't afford to fund them through taxes and other revenues? In fact, this doesn't even count the $2 trillion that the states are behind in funding their own pension programs.
Where do I store my wealth?
International diversification of wealth (no matter how large or small) can save your economic freedom. Although most of our readers thoroughly understand this concept, one of the most oft-heard concerns is that, by offshoring assets, one may not be able to get to them as easily as they now can.
Here’s the response to that, and some practical advice on what you can do to protect yourself. Let’s say you presently regard yourself as being economically diversified. You own stocks and bonds, you have some cash, you have a retirement fund and you have a bit of gold stuffed away at home.
On the surface, it would seem that you’re covered. Trouble is, you have all your wealth in one jurisdiction, and should that jurisdiction find itself in an economic crisis, all that “diversification” will be seriously at risk.Diversification is always the most prudent plan anytime you are dealing with money. Consider it like a short-term, medium-term, and long-term preparation where cash outside the bank is for the immediate problem, gold and silver coins represent functioning from one to six months, and having wealth offshore is the foundation to rebuild your future.
Yet if all paper investments such as stocks, bonds, annuities, reits, 401K's and even mutual funds are denominated in dollars, the fear is not that one or more of these financial sectors will crash like in 2008, but in the element underlying all of them, vis a vis the DOLLAR, which if it goes then it will make all of these assets instantly worthless, or at the very least, seriously devalued.
But what is the hedge against a dollar collapse or devaluation, and in fact, a hedge to protect against any currency that might break the global monetary system? The answer of course is gold.
For the first time since 2009, BofAML's fund managers' survey finds Gold is "undervalued"
So if there was ever a time to purchase the one asset that will protect you from almost any economic and monetary collapse, now is the time. And the best way to purchase it, store it offshore, and have access to it in any currency on the planet is with...
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.
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?
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