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"Bank Meltdown Is Coming And
It Will Wipe Out All Of Your Money"
by Epic Economist
"Did you know that banks can legally seize all your money whenever a major financial crisis erupts? And do you know where financial markets are headed right now? If you’re a regular on our channel, you probably guessed it: we’re on the brink of a historic financial meltdown, and the odds of a widespread banking collapse are getting increasingly higher. With the central bank intervening in private banking institutions, and soaring interest rates leading businesses to default on their loans, a very scary scenario is forming. And if I were you, I would take my money off the system right now.
U.S. banking institutions have been silently decaying for decades. Our money isn’t as safe as we would like to believe. Our system is flooded with banks. For the longest time, the idea that U.S. banks were the benchmark for how powerful a bank could be became almost unquestionable in our society. But that belief is probably linked to the narrative that the United States itself is the most powerful nation in the world. We must face the truth – our country has been losing its power on the global economic stage, and that deterioration extends into our banking sector as well.
Understanding the principles of banking isn’t an easy thing to do. We don’t really see banks as businesses, but that’s exactly what they are. And just as any other business out there, they have the potential to fail too. Obviously, no nation in the world wants its society to think that its banks are prone to failure. That’s why they spread the notion that our banks are entities that aren’t fallible. But when we look at the data, several indicators tell us otherwise. For example, over the past five years, despite one exception, not one single US bank has made it to the safest offshore banks list. A major contributor to that is the fact that we have nationalized our banking industry, and now the central bank controls the flow and supply of capital of private institutions.
An analysis released by financial experts with The Telegraph notes that the creation of the Federal Reserve was originally justified as an introduction of a device that ensured economic stability. “But the occasional chastisement of imprudent bankers and their foolish customers was just an excuse to get government into the banking business,” they wrote.
By making private banking problems systemic, the Fed can solve them using its favorite method: printing more and more money. In other words, the Fed’s actions do not solve the root cause of the issue, it just places a Band-aid on an infected wound. For that reason, today, we have what experts call “an unsound banking system,” which puts our savings in great danger.
Just a couple of weeks ago, the Chief Marketing Analyst at ITM Trading, Lynette Zang, came forward to warn the public that banks can legally confiscate their clients' money in the event it needs to stay afloat, and most retail investors are not aware of this. "They're laughing at us," she said. "They're saying that normal retail clients don't need to understand that there's really no money in the FDIC deposit insurance fund."
Most people have no idea what really happens when the banking system collapses, let alone how to prepare. But as we get closer to a widespread banking collapse, choosing where to put your money is crucial to ensure it doesn’t get caught in the crosshairs. A better option for you would be to close your U.S. bank account and look elsewhere. The clock is ticking. The stakes are too high, and if you don’t act fast, you risk losing everything."
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