BEFORE YOU TAKE YOUR MONEY OUT OF THE BANK!!!

George Soros won’t go to prison for taking his money out of the bank, but you could, if you are not very careful. In response to yesterday’s article which detailed how it is a good idea to monitor George Soros’ money movements, because they are predictive of future economic collapses as they have been so many times before. We should all be more a little more than nervous when Soros, in the first quarter of 2014, removed his money from three megabanks. “Rick” wrote to me following the publication of yesterday’s article with some very pointed concerns and questions. Here is his response: “Ok, the idea of removing your money from the bank for me is a joke! I have a substantial amount in 3 different accounts. It’s VERY difficult to remove more than $8,000 or $9,000 at a time without extreme scrutiny from the IRS and the DEA. Plus, the banks will tell you that frequently they don’t have enough on hand to give you even $8,000. If you close your account, guess what? They give you a check, NOT cash! So you have to go to another bank WITH A CHECK once more! So, how does one remove their money from the bank without causing major transaction reports to be filed with the government about your banking activities???? Dave, thus, please give us tips on how to remove substantial amounts of cash without incurring the wrath of the government, and how to take out large amounts of cash to begin with, as the banks discourage taking out more than $1,000 to $3,000 dollars in any given transaction.” At first glance, Rick appears to be correct. The odds are stacked against all average depositors. With all that is available to read on this topic, it is mind boggling regarding how few people are preparing to act to preserve what assets they have remaining by not removing their money from the bank. Because you have put your money in the bank, you no longer own your money. The courts have ruled that once you deposit your money in the bank, the bank owns your money. You virtually are paid no interest for the hard earned money that you place in the bank. And if inflation is only at a modest 5% rate, your hundred thousand dollars is worth only $95,000 after one year. In a decade, your real buying power is reduced by about 50%. And where did the other 50% go? Because of fractional reserve banking, the biggest money scam in history, the banks can take $10,000 and turn it into at least $90,000 by doing absolutely nothing but adding some zeroes after your name, on a computer scree, and then loaning out the money, at interest, while you are paid a minuscule interest rate. This practice adds to the inflation rate and further erodes your savings. All of the above, dictates that we should all take our money out of the bank. Why do I risk starting a run on my former and biggest holder of my money, Bank of America, by withdrawing my money and presuming that many fellow depositors will read this and rush to withdraw their money too? The very biggest reason to is because they pay me near zero interest. Also, even if there is an infinitesimal chance Bank of America will not repay me in full, whenever I ask, switches the cost-benefit conclusion from stay to flee. The biggest reason to take your money out of the bank is because it has absolutely no protection. The FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits. If a banking collapse were to be on the near horizon, the banksters are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the elite would be warned as they quietly transfer their money to a safer haven. How do I know this? Because this is exactly what my research discovered on the money movements preceding the Gulf oil spill, as it was revealed that on the morning of the explosion, Goldman Sachs issued a “put option for preferred insiders” in Transocean (the owner of the Deep Water Horizon oil rig) and the elite had their stock profit margin guaranteed while everyone else took a financial bath! This is the undeniable pattern of the global elite. READ THE REST OF THE STORY HERE>>>http://www.rumormillnews.com/cgi-bin/forum.cgi?read=309022