The Phaserl


Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself

by Mac Slavo, SHTFPlan:

At the height of the financial crisis in 2008 the U.S. government forced some of the countries largest banks to take “bailout” funds amounting to billions of dollars in order to keep them from going bankrupt. It was a move designed to not only keep too-big-to-fail financial institutions afloat, but one that would inspire confidence and keep American consumers spending. As a result, the last several years have seen stock markets reach record highs with Americans continuing to rack up personal debt for real estate, vehicles, education, and consumer goods as if the financial crisis never happened.

But the purported recovery may not be everything that government officials and influential financial leaders have made it out to be.

Recent comments delivered by Federal Reserve Vice Chairman Stanley Fischer suggest that not only are global and domestic economies still struggling, but the U.S. government itself is preparing financial contingency plans in anticipation of another widespread economic event.

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2 comments to Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself

  • AgShaman

    Stanley (the hidden hand behind that fall girl Yellen).

    WAG Meter tells me Stanley is a dual citizen of a particular variant

    They will both be parroting skittles out the Unicorn’s arse before the waterfall stock market shearing of the soylents

  • Eric

    Gold is “money.” Silver is “money.”

    Federal reserve blips are just credit for their fictitious debt.

    My “bank” will never touch my “money.”

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