Banks Can Legally Steal Customer Funds From Private Checking Accounts

In 2007, the Sentinel Management Group (SMG) collapsed, leaving many customer segregated funds lost after they had been used as collateral. After a plethora of lawsuits and creditor claims, a decision earlier this month in the 7th Circuit Court placed the banking cartels ahead of customer claims for funds returned. Essentially, the Bank of New York Mellon…

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Canada Moves Toward Cashless Currency With New Plastic Fiat

When polled, 56% of the 1,512 Canadians responded positively to going to a cashless society and using digital currency instead of carrying fiat in their wallet. BA International, the corporation that prints fiat currency in Ottawa, Canada, has announced that it has ceased printing paper fiat as of December 2012. The replacement currency is moving toward polymer bills. Because…

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The Fed’s US Land-Grab Hidden Within Purchase of Mortgage-Backed Securities

As of August 9th of this year, the banks are legally allowed to co-mingle customer segregated funds with their own if the financial institution is insolvent, under duress or in bankruptcy. In other words, the technocrats have made the theft that Jon Corzine committed a non-criminal offense. The latest scheme of the banking cartels has been introduced…

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Bernanke’s Stimulus Simply Following Global Elite’s Directives to Implode the US Dollar

According to the Census Bureau, 15% of the US population descended into poverty in 2011. That amounts to 46 million Americans at or below the poverty threshold with an average household income of $23,200.00 annually for a family of four. Socialist programs like social security benefits assured that 21 million people were kept out of poverty. At…

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Customer Deposits Are Property of the Bank: Close Your Account NOW

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.” These customer funds were used to “back up personal investments” which were…

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Mega-Banks Plan for Collapse with Contingency Plans and Private Police Force

The biggest banks in the US have been given advisement by US regulators that they must make plans to stave off a complete financial collapse without relying on the US government. Bank of America, Goldman Sachs and other technocrats have secretly crafted worst-case scenarios in which they can continue to thrive during a full-blown domestic monetary crisis….

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Citigroup Study: Banks Buying “Sovereign Debt” Causing Financial Crisis

According to Citigroup, US and European regulations force banks to purchase government debt; which will only lead to the debt crisis worsening. Citigroup conducted a study that showed regulators mandate banks to buy government debt against internal capital requirements. Yet other rules facilitate the stability of the government bonds market. In this scenario, the government issues more debt that…

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