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(WorldNetDaily)   In Soviet America, banks rob YOU   (wnd.com) divider line 52
    More: Unlikely, Americans, medium-sized business  
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1663 clicks; posted to Politics » on 28 Sep 2013 at 11:14 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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NFA [TotalFark]
2013-09-28 06:24:31 AM
Ah so the crazy-CON's are now anti-corporation.  Good lord, it's becoming increasingly apparent they have only one agenda and that is to win elections at any cost.
 
2013-09-28 07:56:49 AM

NFA: Ah so the crazy-CON's are now anti-corporation.  Good lord, it's becoming increasingly apparent they have only one agenda and that is to win elections at any cost.


No, I think this is for something else.  Maybe "This is why you shouldn't trust banks, and instead trust in the one currency that is guaranteed not to lose it's value. Gold!"
 
2013-09-28 09:34:26 AM
I think they will continue to steal it from you in ultra slow motion. They get the money from Uncle Sam at no interest, then they charge you 4-6 percent to buy a house or car, or twice that if it's a college loan. And if you leave your money in their bank, they pay you less than a half percent interest which is pretty damn generous considering what they pay Uncle Sam.
 
2013-09-28 10:01:49 AM
Gold, silver, platinum, foreign currency...etc.  Possibly great for investing...not very liquid.

So if I'm reading this correctly, anyone that has deposited more than $250k in one bank...anything over that amount the bank can take and in return the depositor can receive "bank equity" aka stock.  I highly doubt this will affect that many people (though retirees may want to spread their money around to different banks).
 
2013-09-28 10:02:33 AM
Oh look! His primary source for this article is "financial analyst"  Jim Sinclair. I wonder how accurate Jim Sinclair's predictions have been in the past:
http://www.jsmineset.com/2008/11/05/the-future-of-markets-with-obama -a t-the-helm/

Derpy Jim Sinclair:
The Future Of Markets With Obama At The Helm
Posted November 5th, 2008 at 1:28 PM (CST) by Jim Sinclair & filed under General Editorial.
There will be many forecasting market results of the election of President Obama. I suggest we wait to see his cabinet in order to look to the future with any degree of accuracy.
What we do know is:
1) Many of the evil money ruler geniuses are out of the lime light.
2) Even if Wall Street is still pulling strings, this Administration will not have Paulson who jiggled every market on the planet fairly well.
3) The PTT team, if it exists, will be made up of lesser lights because the past Administration ruled that.
4) All the problems are still out there as virulent cancers that have spread out of control in the financial market and are not operable. Thank you all you OTC derivatives that up to now have not been singled out to accept blame. This could change but do not count on it.
5) You can count on fiscal stimulation as it is a tenet of how the Democratic mind moves.
6) You can count on higher taxes for Daddy Warbucks and reductions for the ordinary man who carries the Federal Budget money-wise.
7) You can count on an interesting period in terms of geopolitical challenges to the USA from their many enemies in order to size up the new leadership.
8) You can count on meaningless dialog with all those about to test the new Administration geopolitically.
9) You can count on gold at $1200 and then $1650.
10) You can count on the US dollar trading at USDX .72, .62, and.52.
11) You can count on the reestablishment of social and economic safety nets.
12) You can count on the now shredded Constitution remaining shredded. Once power comes into an Administration it stays their permanently.
 
2013-09-28 10:12:38 AM

slayer199: Gold, silver, platinum, foreign currency...etc.  Possibly great for investing...not very liquid.

So if I'm reading this correctly, anyone that has deposited more than $250k in one bank...anything over that amount the bank can take and in return the depositor can receive "bank equity" aka stock.  I highly doubt this will affect that many people (though retirees may want to spread their money around to different banks).


Well, yeah, but it should be obvious you don't want all your money in the same place.  You don't need all this "fiat currency" derp to tell you that.

Not clicking on a World Nut Daily link under any circumstances, but I am willing to bet there's at least one ad for some gold-buying scam on that site.  Because you can't trust banks, but you should blindly trust your finances to some random gold buying site that advertises on AM derp radio and wharrgarbl sites.
 
2013-09-28 10:15:39 AM
Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.
 
2013-09-28 10:27:27 AM

nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.


Or bottle caps, the tried and true currency for apocalyptic situations.
 
2013-09-28 10:33:12 AM

nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.


It is one of the things the Fark Militia gets right. Their toys will have a lot of value in any dystopian future.

Maybe that's why so many of them are clamoring for just such a future.

I've said too much.
 
2013-09-28 11:14:01 AM

nekom: in an apocalypse you are going to want to get farked up.  Invest in whiskey.


i.imgur.com

Tried and true, usable for currency under all apocalyptic scenarios. This post brought to you by Drew CurtisTM, owner of Drew Curtis's Fark.comTM.
 
2013-09-28 11:18:46 AM
 

RedPhoenix122: Maybe "This is why you shouldn't trust banks, and instead trust in the one currency that is guaranteed not to lose it's value. Gold!"


Their "expert" is Jim Sinclair.  That's all you need to know.
 
2013-09-28 11:21:02 AM
Again???
 
2013-09-28 11:37:04 AM
3.bp.blogspot.com


Close to the same interest rate and no fees.
 
vpb [TotalFark]
2013-09-28 11:37:42 AM
That's weird even for World Nut Daily.

This total detachment from reality thing is becoming an epidemic.
 
2013-09-28 11:47:44 AM
Why do you think the stock market zooms to record highs after quantitative easing?
Because the banks, who are now also investment houses since the undoing of Glass-Seagall, are using those cheap dollars to invest.

That pumping-up money isn't coming from Main Street, friends.
Awaken and smell the bankers' piss trickling down on you.
 
2013-09-28 11:57:28 AM

edmo: I think they will continue to steal it from you in ultra slow motion. They get the money from Uncle Sam at no interest, then they charge you 4-6 percent to buy a house or car, or twice that if it's a college loan. And if you leave your money in their bank, they pay you less than a half percent interest which is pretty damn generous considering what they pay Uncle Sam.


Actually, student loans are straight through the government now.

Obama looked at the whole "giving the banks free money to make more money on *undefaultable debt*", and went "... This is stupid.", so now all fed student loans are *directly* from the government.
 
2013-09-28 12:02:26 PM

RedPhoenix122: NFA: Ah so the crazy-CON's are now anti-corporation.  Good lord, it's becoming increasingly apparent they have only one agenda and that is to win elections at any cost.

No, I think this is for something else.  Maybe "This is why you shouldn't trust banks, and instead trust in the one currency that is guaranteed not to lose it's value. Gold!"


And then they accept those soon-to-be-worthless dollars as payment for their "collectible" gold coins.
 
2013-09-28 12:04:28 PM
In America's America, obama sucks your cock and charges YOU!

/unless your on medicaid/obamacare/freeride
 
2013-09-28 12:07:28 PM
*checks my not-approved links list*

"In Soviet Ohio, bank robs you" (link to TFA)

What I get for not linking to a derp site
 
2013-09-28 12:19:35 PM

Lee Jackson Beauregard: *checks my not-approved links list*

"In Soviet Ohio, bank robs you" (link to TFA)

What I get for not linking to a derp site


"America" is funny; "Ohio" is merely offensive. Duh.
 
2013-09-28 12:24:32 PM

Somacandra: nekom: in an apocalypse you are going to want to get farked up.  Invest in whiskey.

[i.imgur.com image 216x356]

Tried and true, usable for currency under all apocalyptic scenarios. This post brought to you by Drew CurtisTM, owner of Drew Curtis's Fark.comTM.


Too bad the beer was fark'n awful.
 
2013-09-28 12:29:26 PM
OK, I clicked on TFA so y'all don't have to.  No, I won't post the whole text.  Copyright and all that.

Some guy named F. Michael Maloof claims that the FDIC is about to bail out the banks by letting them take deposits over $250,000, the FDIC insurance limit, and issue stock in the banks in return.

The very Weeners is "invest in gold!"

TFA offers no citations.


---===---


In the right sidebar:  "Government confiscates half of citizens' pensions."  But that was perfectly OK when Hostess did it to the Union Thugs.
 
2013-09-28 12:30:50 PM
Eh... I doubt it but I fully expect a push to seize 401K investments and put them under gov't control in the next 5-10 years.
 
2013-09-28 12:37:33 PM
here in America too.
 
2013-09-28 12:38:24 PM
Stupid, fat, afraid and Republican is no way to go through life, son.
 
2013-09-28 12:40:48 PM
More about F. Michael Maloof.  This guy's a first class slimeball.
 
2013-09-28 12:41:00 PM
As usual, WND is a lie factory. A bail-in has NOTHING AT ALL to do with seizing deposits or accounts of any sort. NOTHING AT ALL. It is actually a modified form of bankruptcy. Instead of the government telling creditors "Go fark yourselves." when an entity goes bankrupt, the government tells creditors "Go partially fark yourselves." Creditors are compelled to write off some of the debt a bank owes them. Note that this is "debt" strictly defined, not "debt" redefined to include "depositor accounts". Under a complete bankruptcy, the government can just tell a creditor to go pound sand, anyway. This is not nearly as "new" a thing as liars at WND make it out to be.
 
2013-09-28 12:42:15 PM

slayer199: Gold, silver, platinum, foreign currency...etc.  Possibly great for investing...not very liquid.

So if I'm reading this correctly, anyone that has deposited more than $250k in one bank...anything over that amount the bank can take and in return the depositor can receive "bank equity" aka stock.  I highly doubt this will affect that many people (though retirees may want to spread their money around to different banks).


You read the article correctly. The article lies. Under a bail-in, accounts are not touched. However, if you have loaned money to the bank, you could be required to write off part or all of that loan, like in a bankruptcy.
 
2013-09-28 12:43:02 PM

nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.


No, learn to make whiskey and become really good friends with the Amish.
 
2013-09-28 12:45:55 PM

slayer199: Gold, silver, platinum, foreign currency...etc.  Possibly great for investing...not very liquid.

So if I'm reading this correctly, anyone that has deposited more than $250k in one bank...anything over that amount the bank can take and in return the depositor can receive "bank equity" aka stock.  I highly doubt this will affect that many people (though retirees may want to spread their money around to different banks).


For the vast majority of individuals, if you have that amount of wealth then it is a stupid idea to keep it all liquid in a bank account. You want that money working for you and growing in various investments because the interest rate on deposits are just shiat right now. If you are smart and diversify enough, you should not have to worry about losing a big chunk of that money (for example, you want to have some Teslas in your portfolio to balance out Solynadras that don't work out even though they look good on paper).
 
2013-09-28 01:03:45 PM
Even in the unlikely event this happens, I'm sure our lawmakers will distribute the pain equitably,  Only people with money in retail banks would be affected.  Investment banks would be exempt I'm sure.

No worries farkers.
 
2013-09-28 01:22:42 PM
This is truly a rich people's problem.  If I had 250k in the bank, all my debts would be paid and I would have no problems.
 
2013-09-28 01:24:56 PM
www.troll.me
 
2013-09-28 01:25:06 PM

nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.


If you noticed since 2008 people have stocked up more on bullets than gold.  Bullets and reloading equipment are at the very least a good way to cut costs on target shooting.

/loves target shooting  ...  and video games  .. video games are all I can afford now.
 
2013-09-28 01:45:25 PM
B-b-but...they've got another video to sell, so it must be legit. Amirite?

http://www.wnd.com/2013/09/i-want-your-money-4-95-today-only/

They  ^ want your money, SRSLY!
 
2013-09-28 02:01:55 PM
Oh come on, how many people have $250,000 deposited in the bank?

Why are there WND links here again?
 
2013-09-28 02:07:32 PM
i42.tinypic.com
 
2013-09-28 02:38:13 PM
So, for the sake of paranoia argument, lets assume that this article isn't way off base. Here's a question: Lets assume that I keep a large amount of money in the bank solely for paying taxes on a privet business, the shiat hits the fan, and the bank takes all of it. Seeing as how they would be doing this with the government's permission in order to "stabilize" their over leveraged asses, shouldn't I be able to tell the IRS to get my tax money from the bank? Or would I still be farked?
 
2013-09-28 02:53:29 PM

Ego edo infantia cattus: So, for the sake of paranoia argument, lets assume that this article isn't way off base. Here's a question: Lets assume that I keep a large amount of money in the bank solely for paying taxes on a privet business, the shiat hits the fan, and the bank takes all of it. Seeing as how they would be doing this with the government's permission in order to "stabilize" their over leveraged asses, shouldn't I be able to tell the IRS to get my tax money from the bank? Or would I still be farked?


Chinese Privet is an invasive weed and you should not be making that kind of money on it.  First of all come to my house and clean that crap up out of my back yard, it is a yearly fight to keep it under control.
 
2013-09-28 03:16:20 PM

rev. dave: nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.

If you noticed since 2008 people have stocked up more on bullets than gold.  Bullets and reloading equipment are at the very least a good way to cut costs on target shooting.

/loves target shooting  ...  and video games  .. video games are all I can afford now.


Hell, between Steam and the price of ammo, you could probably buy a game for less than you could by a bullet.
 
2013-09-28 04:00:59 PM

nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.


No, don't invest in either. What you need is the equipment to make the whiskey, and beer, and wine, etc. Then you can pretty much make your own money. No one will want to kill you as that would stop the flow of sweet sweet booze. Plus you could pay people in booze to kill your enemies.
 
2013-09-28 04:10:18 PM

Because People in power are Stupid: Oh look! His primary source for this article is "financial analyst"  Jim Sinclair. I wonder how accurate Jim Sinclair's predictions have been in the past:
http://www.jsmineset.com/2008/11/05/the-future-of-markets-with-obama -a t-the-helm/

Derpy Jim Sinclair:
The Future Of Markets With Obama At The Helm
Posted November 5th, 2008 at 1:28 PM (CST) by Jim Sinclair & filed under General Editorial.
There will be many forecasting market results of the election of President Obama. I suggest we wait to see his cabinet in order to look to the future with any degree of accuracy.
What we do know is:
1) Many of the evil money ruler geniuses are out of the lime light.
2) Even if Wall Street is still pulling strings, this Administration will not have Paulson who jiggled every market on the planet fairly well.
3) The PTT team, if it exists, will be made up of lesser lights because the past Administration ruled that.
4) All the problems are still out there as virulent cancers that have spread out of control in the financial market and are not operable. Thank you all you OTC derivatives that up to now have not been singled out to accept blame. This could change but do not count on it.
5) You can count on fiscal stimulation as it is a tenet of how the Democratic mind moves.
6) You can count on higher taxes for Daddy Warbucks and reductions for the ordinary man who carries the Federal Budget money-wise.
7) You can count on an interesting period in terms of geopolitical challenges to the USA from their many enemies in order to size up the new leadership.
8) You can count on meaningless dialog with all those about to test the new Administration geopolitically.
9) You can count on gold at $1200 and then $1650.
10) You can count on the US dollar trading at USDX .72, .62, and.52.
11) You can count on the reestablishment of social and economic safety nets.
12) You can count on the now shredded Constitution remaining shredded. Once power comes into an Administration it stays their permanentl ...


I'm noticing a LOT of these have little to do with the MARKET (particularly #12)...it's ALMOST as if there's some kind of ulterior motive at work here, but WHAT?! It's so subtly written with so much nuance and so many layers, I just...I'll have to reread this MULTIPLE times before any kind of secondary meaning becomes apparent.
 
2013-09-28 05:04:24 PM
Christendom banned usury for a very long time, and for a very good reason. Now, go back to pretending you know more than the ancients because you have a phone that takes pictures of your food.
 
2013-09-28 05:09:32 PM
Sigh. It's discussing the "confiscation" of deposits over 100k euro -- which is what happens when a bank ha. Deposits below the "insured" threshold are safe, but anyone with any holdings over that threshold -- including the bank's primary depositors -- may get back parts-per-thousand on the above-threshold money, if anything.

This is pretty much what has happened in every FDIC insured bank collapse since the 1930s.
 
2013-09-28 06:05:38 PM

abb3w: Sigh. It's discussing the "confiscation" of deposits over 100k euro -- which is what happens when a bank ha. Deposits below the "insured" threshold are safe, but anyone with any holdings over that threshold -- including the bank's primary depositors -- may get back parts-per-thousand on the above-threshold money, if anything.

This is pretty much what has happened in every FDIC insured bank collapse since the 1930s.


I've always wondered how fast someone who wins one of those super-lotteries can move that stash from his bank to a regular investment and how much cash a bank will let you pull out. I mean, it's not like I can deposit the state's $400m check and pull that cash out next week all at once. Not unless the bank makes some serious uber-arrangements. (Not that I would WANT to - I'm just wondering what the limits are.)
 
2013-09-28 07:14:17 PM

Ricardo Klement: abb3w: Sigh. It's discussing the "confiscation" of deposits over 100k euro -- which is what happens when a bank ha. Deposits below the "insured" threshold are safe, but anyone with any holdings over that threshold -- including the bank's primary depositors -- may get back parts-per-thousand on the above-threshold money, if anything.

This is pretty much what has happened in every FDIC insured bank collapse since the 1930s.

I've always wondered how fast someone who wins one of those super-lotteries can move that stash from his bank to a regular investment and how much cash a bank will let you pull out. I mean, it's not like I can deposit the state's $400m check and pull that cash out next week all at once. Not unless the bank makes some serious uber-arrangements. (Not that I would WANT to - I'm just wondering what the limits are.)


My wife handles wire transfers at a regional bank, and they routinely fire off millions to other banks, escrow accounts, and other things (she said she was involved in moving around some money for The Knights of Badassedom when it was being filmed around Spokane), so most banks are equipped to move large quantities of cash around. It takes a few days for the wire transfer process to complete (unlike those scenes in the movies), but it is done all the time even at smaller regional banks.
 
2013-09-28 07:34:10 PM

Jormungandr: nekom: Here's the thing about gold:  If you really think society is about to break down, the entire economy collapsing, dogs and cats living together, etc.  Of what use is gold?  You can't eat it, you can't get farked up on it, and let's face the facts here, in an apocalypse you are going to want to get farked up.  Invest in whiskey.

No, don't invest in either. What you need is the equipment to make the whiskey, and beer, and wine, etc. Then you can pretty much make your own money. No one will want to kill you as that would stop the flow of sweet sweet booze. Plus you could pay people in booze to kill your enemies.


Fair point.  You win.
 
2013-09-28 07:51:37 PM
after the wall street banker 08/09 fiasco, i moved my money to a Federal Credit Union.  haven't looked back since.

and you can get better interest rates too.


Credit Unions are owned by its members (those who deposit money).   Banks are owned by shareholders (in or outside the bank) who want to steal your money.  need i say more??
 
2013-09-28 07:53:26 PM
ok, everyone say it with me..........C R E D I T........U N I O N.   well done!!!


Banks will stretch that asshole out for you.  its their job.
 
2013-09-28 07:57:54 PM
Such a "bail-in" means all savings of individuals over the insured amount would be confiscated to offset such a failure.

How many Americans have that much saved?

And are any of them people the rest of us could possibly feel sorry for?
 
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