Banks Are In Position To Seize Your Bank Accounts
LEARN HOW TO PROTECT YOUR WEALTH
Wells Fargo
Timothy J. Sloan is an American banker. He is the chief executive officer of Wells Fargo since October 2016, when he succeeded John Stumpf, having previously been chief operating officer and president.
If your bank fails, so does your deposit.
Bank seizures have already occurred in Spain during the 2012 banking crisis. Since then, they have also happened in Cyprus, Greece and now they are perfectly legal in the United States thanks to a clause in the Dodd-Frank bill.
If a "too big to fail" bank fails in the United States:
1. The FDIC takes over the bank.
2. The bank's managers are forced out.
3. The bank's debts and liabilities are converted into equity for the bank's stock. (And yes, your deposits are considered a "liability" for the bank.)
4. If the bank's stock falls because everyone has figured out the bank is in major trouble, your wealth falls too.
This is just the start of a much larger strategy of declaring a War on Cash. The goal is to stop people from being able to move their money into physical cash so that they can keep the wealth in the financial system at all costs.
City National
Russell Goldsmith is an American attorney, businessman and banker. He serves as the Chairman and Chief Executive Officer of the City National Bank.
James Dimon is an American business executive. He is chairman, president and chief executive officer of JPMorgan Chase, largest of the Big Four American banks, and previously served on the Board of Directors of the Federal Reserve Bank of New York.
Chase
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Bank CEOs
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ABOUT THE GUIDE
This 12-page investment advisory provides you with high-level investment research to protect and grow your wealth — not only in good times (how easy is that!) but especially through a crisis.
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