[CS-FSLUG] OT: No Bank Account is Safe Today (Not Just The Ones in Cyprus)

[Fred A. Miller]

No Bank Account is Safe Today (Not Just The Ones in Cyprus)

  * Posted by Michael CHILDS, Admin II
    <http://patriotaction.net/profile/MichaelCHILDS>on March 25, 2013 at
    6:45pm in Patriot Action Alerts
    <http://patriotaction.net/forum/categories/patriot-action-alerts/listForCategory>
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Who really owns your bank account? Most people would be shocked to
discover that the bank owns your bank account, not you.

>From a legal and financial accounting standpoint, the term "deposit" is
used by the banking industry in financial statements to describe the
liability owed by the bank to its depositor, and not the funds that the
bank holds as a result of the deposit, which are shown as assets of the
bank.
Check out the "legal framework" of this article to understand that all
money placed in deposit accounts of banks are not YOUR assets but assets
of THE BANK.

It's a shame that you had to make a video to state the obvious. The
sheeple will laugh at these assertions.

Thanks a ton, very well done good sir!

Where does the FDIC fit into the equation here in the USA?

Isn't the US government guaranteeing up to $250,000 per account?

What good is the guarantee if they CANNOT deliver b/c FDIC only have 25
billion and bank deposit is over 8,000 billions.

Is like me saying sure I will guarantee your mortgage except I don't a
job/income/assets to back up my claim.

http://patriotaction.net/forum/topic/show?id=2600775%3ATopic%3A6158423&xgs=1&xg_source=msg_share_topic

-- 
"... nothing -- no new legislation, no waiting period, gun or magazine ban --
could have prevented the Connecticut "glory killer" from carrying out his attack." 

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