ECONOMY COLLAPSE: WHAT WILL HAPPEN TO YOUR SAVING IN THE BANK?

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1. lose not loose you goose.
2. I already took my money and close my account with Bank of America I cash my check now I'm happy with that
3. 2016 I'm fucking serious its happening my bank close :{
4. Its june 10 2016 nothing is happening
5. "I will tell you key points about banks.  In case
   you thought banks lend money, they take deposits and lend money.  You are wrong.
   Banking was developed, modern banking was developed, in the United Kingdom in
   the 17th century and the legal facts are very clear but not very well
   known.  Banks do not take deposits and banks do not lend money. 
   That's a fact.
   
   
   
   How is that possible?  How is that possible? Well, legally they do not
   take deposits.  They borrow from the public, because your money at the
   bank is not on deposit.  It’s not held in custody, it's not a bailment.
   
   
   
   What is it legally?  You have lent money to the bank. So the expression in
   banking are designed to mislead what's really happening. Who is the owner of
   this money? It is the banks, you are just a general creditor.  Which is
   very different from the impression given when we use the term deposit.
   
   
   
   What about lending surely banks lend money?  No they don’t.  No bank
   has ever lent any money. How is that possible?  What does a bank do?
   
   
   
   Banks purchase securities and they don’t pay up.  That's what they
   do.  How is that?  Well if you go to the bank and you borrow money
   you sign a loan contract. Very crucial. Your signature creates the money
   supply.
   
   
   
   Because the bank legally will consider the loan contract a promissory note. And
   that is what is considered legally, is a promissory note. Just like the bank of
   England Note, central bank money, paper money, is a promissory note from the
   central bank.   And the bank purchases this contract. That is what
   they do, they purchase the loan contract. 
   
   
   
   Now they owe you money.  You say I don’t care about the mechanics, give me
   the money. The banker will say we will put it in your account. You will find it
   in your bank account.  Well what is a bank account? It is not a
   deposit.  It’s a record of the bank's debt to the public.  It is a
   record of the bank's debt to the new borrower, and they show you the record of
   how much money they owe you. That is it, they don’t pay up.  And this is
   how the money supply is created.
   
   
   
   So let’s go in sequence.
   
   Step one:  You go to the bank and you sign the loan contract, say a
   thousand pounds.  This will be recorded in the bank balance sheet as an
   increase in bank assets.  The bank, will then, record its debt to the
   borrower. But it will do some accountant trick.  It should really say this
   is an accounts payable item.  Something that the bank has to pay but it
   has not yet paid. But it won’t record as an accounts payable. If you talk to a
   bank's accountant they are horrified “No you cannot use an expression like
   accounts payable in a bank” And do you know why?  Because they
   recorded it as customer deposit.  They show it on the bank's liability
   side as a customer deposit.  But nobody has deposited it, the customer has
   not deposited for sure.  The customer is borrowing it. The bank has not
   deposited either.  It is added to the money supply, and this is how 97% of
   the money supply is created out of nothing on the basis of a signature and of
   course on the credit of the borrower.  That is money creation.  So no
   money is transferred from anywhere else to the borrowers account.
   
   Economist RICHARD WERNER
   
   Southhampton
   University
   
   Business
   School.
6. how will you pay for land taxes if the us collapses???? you don't really own your land you pay for rent for it.
7. Do you all think that this ia a free speech type of society ??????Well , take a look at my comments below and tell me that this is the case----I don't FUCKING THINK SO PEEPS////////////  Since when does youtube scratch out your comments,,,,,,,,,F U C K I N G   B U L L -S H I T     and what is the use of them doing this when you can still read my comments,,,,,,why don't they just delete it all together = right.....................WHAT A FUCKING JOKE THIS SITE HAS BECOME ---------------------------AND YOU 'S  THINK THIS SITE IS NOT FOR THE ELITE,,,,,,,YOU FUCKING KNOW IT IS ,,,,SIMPLE AS THAT ----A S S H O L E S
8. Guess what folks,,this is absolutely true, because the Harper govt,,just 3 years ago tried to pass a bill that stated,,,IF WE " the govt" NEED TO ACCESS FUNDS,,,BECASUE OF THE FACT THAT THE BANKS ARE SHORT ON MONEY OR WHAT EVER EXCUSE THEY CAN COME UP WITH - - - THEY TRIED TO PASS A BILL THAT SAID THAT IF WE ARE SHORT OF FUNDS ,THEN WE WANT TO BE ABLE TO GO INTO CANADIAN BANK ACCOUNTS AND TAKE FUNDS FROM CANADIANS, BASED ON THEIR BANK BALANCES  ...~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~And so the parliament  shut this bill down and didn't agree,,,,,,HOWEVER,,,DO YOU THINK FOR A MINUTE THAT IF THE GOVT WANTED TO PULL THIS OFF,,,THAT THEY WOULDNT DO IT ANYWAY--YOUR FUCKING RIGHT THEY WOULD........~~~~~~~~~~I PERSONALLY HAVE ALREADY PULLED ALL OF MY MONEY OUT OF MY RRSP'S, BECAUSE , I AM NOT GOING TO BE A GUINEA PIG AND SIT BACK AND WATCH THE GOVT GO AHEAD AND RAPE ME OF MY SAVINGS ,,,WHILE THE RICH AND ELITE SIT  BACK AND LAUGH AT ALL OF US """ MIDDLE CLASS """ AS WE GET RAPED OUT OF ALL OF OUR SAVINGS AND MONEY THAT WE HAVE IN THE CANADIAN BANKING SYSTEM~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Well guess what to my Canadian govt,,,you can all GO TO FUCKING HELL YOU FUCKING TRAITERS AND PIECES OF SHIT,,,,,YOU CAN ALL KISS MY FUCKING ASS,,,,CUZ I HAVE ALREADY TAKEN ALL MY MONEY OUT OF MY BANK ACCOUNTS AND IT IS NOW SECURE AND YOU MOTHER FUCKERS ,,,,CAN NOT  TOUCH MY MONEY -A S S H O L E S SO - GO FUCK YOUR SELVES,,,YOU EVIL PIECES OF FUCKING SHIT ,,,GO TO HELL YOU CUNTZ ,,,,HOPE YOU LIKE ETERNITY IN HELL  B I T C H E S ,,,,,  :)
9. the people keep talking about the freedom and liberty in this country - the only freedom they have is of the freedom of ignorance. They blindly follow everyone, without doing their own studying. We are also been warned in the Bible not to invest in Gold and Silver. They can just as easily devalue that and then what...
10. Yes I have had the same experience with warning people. They are blind and willful so!!! I just stopped talking about it. So, when it happens I DO NOT want to hear the boo hoo's and the omg's. However I will take the high road and I won't say "I told you so". They will be feeling bad enough. Blessings to all, prepare and seek Yahuah and His son for guidance and support. We will need it!!!
11. nothing because it wont happen
12. Another reason we have a 2 Amendment...Good Luck fellow Citizens...**III**
13. I quit warning others people don't care and then they call you crazy.
    
    the hell with people. if your awake be ready forget everyone else.
    have a gun with ammo.
    it's going to get dangerous.
14. What could you have in the bank today of value. Food gold?
15. Thank you Obama!
16. You say, "get your money out of the bank", but you don't say what to do with it... If the economy collapses, the money will have no value... So, what difference does it make where the money is? Don't just give hype, give options, solutions!
17. That digital money is hard to see much less withdraw.
18. Welcome to Obamastan people (:
19. Move to Australia.