SGM Metals: RED ALERT* Banks Green Lighted to Seize Private Assets in 'Bail-Ins'!

PALM BEACH GARDENS, Fla. - April 16, 2013 - PRLog -- Silverdoctors.com reports: [ Between $600 trillion & $1.25 quadrillion of extraordinarily risky derivative bets made by major world banks that have been placed on extremely shaky & suspect sovereign national debt (Greece, Portugal, Spain, etc.). These bets in the form of loans &/or credit default swaps have placed the participating banks’ capital at extreme risk. The five largest US banks JPM, Citi, BofA, Goldman, & HSBC are estimated to have a total derivative exposure in excess of $220 trillion while only having combined assets of $4.8 trillion equalling a staggering 46/1 leverage! America’s five “too big to fail” banks are carrying on their books, a notional trading value that is more than 3X the GDP of earth!
   
   The world’s central banks continue to accelerate both their money printing & zero interest rates policy (ZIRP). Everybody by now should be well aware of the Fed’s QE3/4, by which the Fed is extending its balance sheet to acquire toxic real estate & business loans along with federal debt at a $90 billion per month pace. According to Reuters, the BOJ is “promising to inject about $1.4 trillion into the economy in less than 2 yrs, a radical gamble that sent the yen reeling & bond yields to record lows & is unmatched in scope even by the FEDs QE program.” Monetary inflation coupled with low interest rates are robbing savers from both ends. Monetary inflation results in continual price increases that punish consumers, whereas zero rates of return on bonds & savings accounts brutalize savers, especially retirees. Their yields on investment go down while their cost of living skyrockets.
   
   Seizure & subordination of both public & private pension funds. National governments, buried under spiraling debts & continual revenue shortfalls, have reverted to borrowing from or outright nationalizing the public & private pension funds of their citizens. Plans for this continue on all continents.

   Last but not least, the outright confiscation of the savings accounts of trusting depositors to help pay off sovereign loans to private banks. If you think the seizure of between $10-$20 billion from Cypriot bank accounts by that govt was a one time event you had better think again. The Cypriot govt, broke & unable to make payments on sovereign loans to EU banks, caved in to the pressure of the ECB & IMF. Cypriot savers were literally robbed blind of their life savings in one night! However, Cyprus is a proverbial canary in the coal mine – it is but a harbinger of what surely is to come in many, many other debt ridden governments & banking systems throughout Europe, the Americas, & elsewhere.

The new Canadian budget is proposing to implement a “bail-in” scheme to help protect “systemically important banks in Canada.” What is important here is that this proposal was included in Canada’s “Economic Action Plan 2013,” which means that this “bail-in” was being planned long before the crisis in Cyprus erupted. According to this “Economic Action Plan 2013,” the Canadian govt is proposing a “robust set of options for resolving these institutions without the use of taxpayer funds.

In other words, “if the banks risk their money & lose, ‘certain bank liabilities’ (i.e. deposits) will be rapidly converted into ‘regulatory capital’ & the banks will be saved.” To put it another way, “The banks will just be allowed to grab money out of your bank accounts to recapitalize themselves.”

So there you have it, the deadly arsenal aimed at trusting savers worldwide: outrageous bank-risk exposure, central bank monetary inflation, pension fund confiscation, & NOW, outright bank deposit confiscation.

From our perspective, no traditional savings institution or vehicle is safe from the rapacious insanity & greed of the world banking cartel. For real safety, your best bet is physical ownership of gold & silver. ]

The banks have already been permitted to operate with impunity. They collapsed the economy (domestically & globally) by overleveraging themselves on derivatives & when they became insolvent, they held the govt.s hostage threatening to collapse the private wealth of the nation & under duress the govt. agreed to take the TRILLIONS of dollars in derivative losses of the banks & dump them on the US citizens to eat the losses & then shoveled unlimited trillions of dollars to them, without a single indictment! Now it has gotten so bad that instead of soliciting Congress for trillions in additional bailout dollars they simply sidestepped the democratic process all together & now the fed simply gives the US mega banks an $85 BILLION monthly welfare check every month without oversight nor the will of the people!

The next layer of sinister criminality comes from the fact that these banks who are getting tens of trillions of as of yet uncollected tax dollars (which will require incredibly higher tax rates in order to repay the bailouts that will impoverish the middle class) have been given the sweetheart deal by the FED who acts as the go between to lend those dollars back to the govt they held hostage at interest in the form of Treasury Bills so the banks get to collect the 5% premium as a means to avoid having to lend to the public.

By this point we can all admit that the govt.’s #1 priority IS & has ALWAYS been the banks & not the economy. If the govt.’s aim was the economy they would have injected that capital into private citizens hands in order to repay the loans with the insolvent banks. This would have absolved monthly debts while recapitalizing the banks. They would be flush with cash to lend & the citizens would have no monthly debt to struggle with which would certainly restore confidence in entrepreneurs who would then make new loans to expand their businesses or open new ones since consumer spending would now be accelerated by the settling of their debts.

We are not the focus of their bailouts nor the economy itself. Do something to protect yourself now before the DOW turns south & the govt. enacts the Dodd/Frank Act which permits the banks to arbitrarily SEIZE your bank accounts for BAIL-INS & the govt. to SEIZE your retirement investments in order to “protect the public” & move them into govt. bonds to protect your best interest. . . . . Yup you read that right! Those in Cyprus who held gold & silver bullion OUTSIDE THE SYSTEM in their possession DIDN’T LOSE A DOLLAR! Are you willing to gamble all that you have worked to amass in your lifetime on the premise that “Oh that could never happen here in America”? If it couldn’t happen they wouldn’t have drafted legislation to permit them to do it now would they? The current global currency war is destroying the USD worldwide & should be reason enough to invest in precious metals to protect yourself from inflation in our current recession before it is admitted that we have fallen into a full blown depression.