Be Aware Of These 4 Signs Regarding Your Money
There was a cute movie titled, “Jeff Who Lives At Home.” Jeff decides his destiny lies in following “signs” that are presented to him. For example, he receives a phone call, and the caller was calling for Larry (or some name like that). Wrong number. “Or was it a sign?” he asks. A truck drives by with the name “Larry” on the side of it so he follows the truck, as it must be a sign. And this leads him to another “sign,” and so on.
Sometimes signs appear and the meaning is apparent. And other times, it’s confusing when the signs don’t seem to make sense.
I recently came across some very disturbing information. To understand where we may be heading regarding our banking system and the money in your savings and checking accounts, there are a few signs you will want to be aware of.
Pay attention to these signs today, and watch how they unfold in the future. Much of this comes from interviews with the well-known trader, Jim Sinclair.
4 Signs To Watch For When It Comes To Your Money
Did you watch or hear or read the news about the $4.2 billion that was stolen from accounts in Cyprus?
Stolen, not by bank robbers but by the Cyprus government. The government took, not borrowed, $4.2 billion from bank accounts of individuals like you and me, to mend the crippled banking system.
You didn’t hear about it, you say? Probably not, because according to Jim Sinclair, legendary gold trader and analyst, the western media totally blacked it out. They did not report it. Why wouldn’t the media report it, you ask?...
Pay attention to this word in the future: Bail-in.
A bail-out is when the government pays to keep the banking system afloat. A bail-in is when bank depositors, people like you and me who have money in checking and savings accounts, involuntarily pay to keep the banking system afloat. That is exactly what occurred in Cyprus. Money in the amount of $4.2 billion was taken from individual bank accounts.
So why not report such an event throughout the Western world?...
The Dutch Finance Minister stated that “bail-in” would be the future blueprint going forward.
That comment caused such a commotion. European and U.S. stock markets fell in reaction to this comment. He later came back and recanted his statement.
The definition of bail-in given to the public is the need for banks to hold additional reserves (meaning the money in your checking and savings accounts) from their earnings in order to be able to have the funds to meet emergencies.
BUT according to Jim Sinclair, there was a paper released in 2012 by the FDIC and The Bank of England together that says that the unsecured creditors of the bank have to fill the responsibility of further bankruptcies.
He goes on to say that a paper signed by multiple banks agreed that an “unsecured creditor to the bank” is the depositor, aka you and me.
What’s It All Mean?
So why didn’t we hear about the Cyprus bank heist via the regular media?
As Sinclair said in an interview with King World News, the fact that this, “wasn’t even mentioned on financial media during the day, tells me there is definitely a feeling that what has taken place, and what is still to take place, will disturb the ‘social order.’ Control of the news has always been predicated on what it is believed the public can take. The fact that this was totally blacked out underscores without any doubt that ‘bail-in’ is the method which will be used in any future bankruptcies in the banking sector. … So once again, (people) around the world need to understand that ‘bail-in’ is definitely coming.”
My last question to you – If you suspected that your money was not safe in your bank accounts, what would you, and millions like you, do?
Remember, the media does not want to disturb the “social order.”
This is something to think about… and pay attention to now.
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