If I told you that your bank only held 1% of its customer deposits in reserve, would you feel that your money was safe?
If I told you that the insurance fund which backed your bank deposit only had enough cash to bail out 0.35% of the banking system, would that make you feel any better?
Probably not. But this scam is the reality in the US banking system… and across the West.
As an example, US Bancorp has $248 billion in total customer deposits according to their most recent reporting, yet a mere $6.9 billion in cash… roughly 2.8%.
PNC Bank holds just 1.8% of its customers’ $248 billion deposits in cash. And BB&T holds barely 1.0% of its customers’ $131 billion deposits in cash.
These figures are indicative of the entire western financial system. Banks hold a very small percentage of customer deposits in cash. The rest is sitting in loans, bonds, and other securities of indeterminable value– mortgages that are still under water, shaky commercial real estate deals, etc.
Truth is, nobody really knows what’s on their books. Loan portfolios are like a black box, and the liquidity structure doesn’t leave a lot of room for error.
Think about it. If the slightest thing goes wrong– a spike in customer withdrawals, a decline in bond prices or commercial real estate, etc.– banks simply don’t have any rainy day funds set aside to handle it.
And who can blame them…? The FDIC, one of the US banking system’s chief regulators, has a mere $33.0 billion reserve fund to insure $9.3 TRILLION worth of deposits in US banks… a ratio of just 0.35%. And the FDIC is backed by the insolvent US government!
Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.
You Won’t Believe What They’ve Done …
Here are just some of the improprieties by big banks:
Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here,here, here, here, here, here, here, here, here, here and here
Alright. I’ve noted that March could be quite a tough month financially and now what I’m seeing is a convergence of shifts… shifts in the political realm, the financial realm and the religious realm.
This particular sort of convergence, if you will, of shifts, is going to be rather interesting. This is a time frame where individuals rise to power. So it is time to put your order in, so to speak. For example, you may want politicians who serve the people. You may want religions to be peaceful with other religions. You may choose balanced finances or fair finances, something of that nature.
So essentially what we have here are religious leaders, politicians and financiers, all of these people sort of trying to do things and it’s just gelling and going nowhere or it’s going in circles. There appears to be movement but it’s not productive movement, or not going in a new direction.
Financial expert, Catherine Austin Fitts, says the sudden turn to gun control in the face of mounting financial problems is no accident. Fitts contends, “Guns protect honest people. It’s a little scary, the timing of this, and I think a little bit obvious. Gun control is a way to take away the financial assets of the honest hard working people.” She goes on to say, “I think there is a real risk here that they’re going to awake the sleeping giant.”
. . . What follows love as a top concern? The answer is money. Interestingly, the two are entwined.
The key to financial abundance, just like everything else in life, is love. We must love ourselves in order to 1) feel worthy, 2) receive abundance, 3) maintain wealth, and 4) grow our financial resources. If there are parts of ourselves we don’t love, our subconscious mind will find all sorts of ways to create the financial difficulties we think we deserve.
Thankfully, there are myriad ways we can address the financial challenges we’ve created. First, we must release anything that is holding us back, and then we must fill that space with what can move us forward. We also must clarify our desire.
Releasing Financially Draining Thoughts and Emotions
All of us have “dings” in our mind’s perception of our financial actions and abilities. Many of us carry doubts, worries, and criticisms every day of our lives. But, these inherently are creating more of the same challenges we faced before. If you want to move forward, it is crucial you release any guilt or blame you are harboring because of past financial decisions or your current financial status.
“Life is full and overflowing with the new. But it is necessary to empty out
the old to make room for the new to enter.” ~ Eileen Caddy
Have you ever wondered why some people attract money quite easily, while others work 12 hour shifts every day and barely make ends meet? The big difference between these two groups of people is the financial frequency they are sending out. This frequency is a real live measurable field of energy, which is created by the thoughts, feelings and consciousness you have whenever you think about, speak about, or interact with money. People with a high frequency can attract money easily, while people with a low frequency have to struggle for money to flow their way…it’s that simple.
To increase the amount of money you can receive, it’s important to first understand what money actually is. Simply put, money is energy, and they call it “currency” because it was derived from the root word “current”. This current is a flow of electrons that produces a natural electrical magnetic field. The stronger the electrical current, the more intense the magnetic field becomes. The income you make each month is a by product from the electrical current you’re radiating out. The higher the income you receive, the stronger your magnetic field is and the easier it becomes for you to attract more of it. This is why rich people seem to effortlessly grow richer. They feel a higher financial frequency inside themselves, as they see what is physically in their bank account.
The good news is that you don’t need to acquire a massive pile of cash to increase your Financial Frequency. All you need is to learn how to think, feel, and interact with others in a consistently abundant way. Feel the magnetic field of energy around you now, this is what will start attracting real abundance to you. As the great law of attraction states, like attracts like. When you are living from a state of abundance consciousness for many consecutive weeks on end, the physical manifestation of more money will start materializing around you, through you, and eventually get magnetized into your bank account!
“Your prosperity consciousness is not dependent on money; your flow of money is dependent on your prosperity consciousness. As you can conceive of more, more will come into your life.” ~ Louise Hay
Italy’s new finance minister said the government could raise up to 20 billion euros a year in public asset sales, and accused the markets of failing to recognise Rome’s efforts to bring its finances in order.
Vittorio Grilli, who was appointed just last week, also lashed out at rating agencies, in comments to the Corriere della Sera published Sunday in the wake of the decision by Moody’s to downgrade Italian debt.
“The government wants to secure, through a multi-year programme, the sale of public assets for between 15 and 20 billion euros ($18 billion to $25 billion) a year, or one percent of gross domestic product,” he said.
Russia Today ~ In this episode, Max Keiser and co-host, Stacy Herbert, discuss bankers robbing Central Banks and governments because that’s where the credit is and the modern Central Bank robbing banker uses his Tommy gun of choice – the derivative (along with the occasional ‘accidental transfer’). In the second half of the show Max talks to Ellen Brown about the European Stability Mechanism as a permanent bailout fund for the rich.
On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major ‘Lehman type’ economic crash projected for the coming months. These rumors came on a day when the markets nearly came to capitulation, with the DOW falling more than 274 points, and gold soaring over $63 as traders across the board fled stocks and moved into safer investments.
Todd Harrison tweet: Hearing (not confirmed) @PIMCO asked employees to cancel vacations to have “all hands on deck” for a Lehman-type tail event. Confirm?
Todd M. Schoenberger tweet: @todd_harrison @pimco I heard the same thing, but I also heard the same for “some” at JPM. Heard it today at a hedge fund luncheon.
Tony Robbins is known for motivational speaking. This man is the king of positive thought, and it is hard to argue with his success. I have known people who have gone to his seminars and had some life changing results. So, when I heard Robbins’ dire warnings on this video he did three weeks ago, it really made me sit up and take notice. Not because he’s telling me anything new, but because he is definitely stepping out of his comfort zone to warn people of an approaching financial calamity that will make 2008 look like a pillow fight. I do not think he’s trying to make a buck. I think he’s doing a little public service to wake up sleeping Americans.
It, also, struck me that Robbins had a firm grasp on the appalling shape of the U.S. government’s finances. You know he knows some powerful, connected people, and this must be a reflection of their fears as well. I don’t know that for a fact, it’s just my gut feeling. There is plenty to be fearful of even though the mainstream media is obsessed with trivial crap that doesn’t make a dimes worth of difference in 99.9% of anyone’s life.