By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com
The Trump Presidency has distracted from the next major move to be implemented by Financial Elite.
That move is a cash ban.
Cash, particularly physical cash (as in bills and coins) is a huge problem for insolvent banks.
Indeed, it is the ONLY problem they have yet to address.
If you’re a large bank and you’re overleveraged due to excessive assets to capital ratios (particularly assets that are at risk of losing value or default) there are three key issues you need to control.
1) You need to be able to value your assets however you please.
2) You need access to liquidity without lowering you asset to capital ratios.
3) You need to be able to stop bank runs or capital flights.
By Guy Christopher – Re-Blogged From http://www.moneymetals.com
There’s a new front opening up in the war on your wealth. If you haven’t heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government’s arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
Do you remember seeing old pictures of the Great Depression which depicted “lines?” There were two types, bread lines and also lines to the front doors of banks. While we don’t see any bread lines today, trust me, there are bread lines in every single state, and long ones at that.
Nearly 50 million people in the U.S. survive on SNAP, EBT cards