The Phaserl



by Dave Hodges, The Common Sense Show:

The headline is not a mistake. Yes, you can still go to the ATM and withdraw funds. You can take small amounts of cash out of the bank without the IRS seizing everything you own. However, because of new rules that went into effect this morning, your bank deposits have no insurance and it is a matter of time until they are stolen right from under your nose.

The G20 Just Stole Your Bank Account: With the G-20 summit coming up this weekend in Brisbane, Australia, it might be worth wondering if you can have too much money in the bank, or, whether you should any money in the bank at all!

As of this morning all nations belonging to the G20 will immediately submit and pass legislation that will fulfill a new investment program. This new program creates a whole new paradigm and set of rules whereby banks will no longer recognize your deposits as money.

Russell Napier is declaring November 16th as “the day money dies,” and this constitutes today’s  Zero Hedge’s headlineAccording to Zero Hedge, Napier says the G-20 will announce “that bank deposits are just part of commercial banks’capital structure, and also that they are far from the most senior portion of that structure.” Pay close attention America this means that following a bank failure, “a bank deposit is no longer money in the way a banknote is.”

This G20 legislation will formally push down bank accounts through the capital structure to a position of being mere material capital risk in any ‘failing’ institution. In our last financial crisis, deposits were de facto guaranteed by the state, but beginning November 16th holders of large-scale deposits will be just another creditor fighting to regain their share of the assets of a failed bank,” according to Zero Hedge. And how much will your former money be worth when you come to make your claim? For reasons that will become apparent as you weave your way through this article and its conclusions, if you have $100,000 in a bank account, you will take home under $1200!  This is why for the past 18 months I have been telling the nation to not deposit your paycheck into the bank. The prudent thing to do is to only put enough money in the bank to pay your basic bills and do other things with the remainder of the money, such as pay off your mortgage or pay off your car loans. If you have not been doing this, then you are almost out of time for the banksters have recently practiced how to steal your bank account.


The Federal Reserve and the Bank of England Have Already Rehearsed the Theft of Your Bank Account

bank-holiday2The theft of the people’s money has already been rehearsed by the powers that be in the banking industry. Regulators from the United States and the United Kingdom got together in a war room to see how they will cope when the next big bank fails.

Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on this past Monday (11/10), ran a joint exercise simulating how they would prop up a large bank (e.g. Bank of America) with operations in both countries that has landed itself in trouble. Also taking part in the “bank failure drill” was Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation. 


Your Bank Account Has No Protection

fdic protectionThe 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, such as gold. How do I know this? Please read on.

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  • Angel

    Wow, a hard-hitting one from Hodges. I have to give credit where credit is due.

    The article states:

    “…in 2008, former CEO of Goldman Sachs and the Secretary of Treasury, Hank Paulson, telling a closed session of Congress that if they did not authorize the bailouts, there would be tanks in the street an ultimately, REVOLUTION!”

    That is correct, this is what he said. So they authorized the bailouts, hence kicking the an down the road much longer than most thought possible. But the can is now slowing down. And it WILL stop.

    Folks, such draconian legislation would not have been enacted if there wasn’t serious trouble on the horizon, not just in the US, but globally.

    So while they may have warded off the tanks in 2008 by authorizing the bailouts, what is to stop those same tanks when the inevitable BAIL-INS come? Nothing. Because when people realize that their money has been stolen at the blink of an eye, and that the US government has actually colluded with the banks to initiate this theft, and that the much-heralded FDIC is not the almighty safety blanket that they have been led to believe and will prove ineffective and impotent, HERE WILL COME THE TANKS.

    Hodges next article will presumably address the 401K and other retirement accounts. I would advise paying VERY close attention to what TPTB have in store for these accounts.

    • rich

      If sunlight is an antiseptic, what’s darkness?…………….

      BlackRock defends non-disclosure deals

      BlackRock has defended the practice of asset managers requiring pension funds to sign non-disclosure agreements despite an outpouring of anger that such arrangements prevent fee transparency.

      The world’s largest fund house said it was “neither in the interest of institutional investors nor of investment managers to ban non-disclosure agreements”. Pension schemes argue the arrangements prevent them from comparing fees and securing the best deals for their members.

      Many want the agreements outlawed, believing they allow fund managers to overcharge clients. David Blake, director of the Pensions Institute at Cass Business School in London, told FTfm last month: “Local authorities are not allowed to compare fee deals, and that is an outrage. It should be made illegal.”

      A pension consultant, who asked to remain anonymous, added that it is difficult for pension schemes to challenge such agreements after they have spent six months selecting a fund manager. “It is hard for them to [start over],” he said.

      The disparity in fees was evidenced by research published in the FT last year, which showed the Staffordshire public pension fund paid £7.2m in fund management fees in 2011/12, while Devon’s public pension fund spent just £2.7m for almost identical investment contracts.

      Robert Higginbotham, head of global institutional services at T Rowe Price, a large US fund company, condemned the use of NDAs:

  • Stuckinsidethematrix

    Well, for once being poor has an advantage, because if you dont actually own anything, they cant steal anything 🙂

    Once upon a time there was a guy called Mr Stuckinsidethematrix.

    His friends called him “stuck”. He, like several of his friends were down on thier luck and didn’t have any cash at all, in any Bank Accounts. Mr Stuck didnt mind being poor because he was rich beyond measure spiritualy, and intellectually, and was around good people.

    Mr Stuck spent his days helping people who were even more down on thier luck than he was. Some of the people Mr Stuck helped had lost everything they had ever owned. Some people had everything they had ever owned taken from them by nasty people, such as Mr&Mrs Banker.

    Mr Stuck was content with his lot, and went about his business with little interference, until one day the Mr&Mrs Banker came calling.

    Mr&Mrs Banker were not friendly people, they liked to take things that were not theirs,and especially enjoyed nothing more than putting good people out on the streets. Especially poor good people. It mattered not the good people would go hungry and cold, or even die, because all Mr&Mrs Banker cared about was the number of Dollars they could collect.

    Mr&Mrs Banker were very good indeed at collecting Dollars, they had more Dollars than anyone could spend in a lifetime. They were also very good at putting poor people out of thier homes and onto the street. Mr&Mrs Banker always went after the poor people, because poor people cant aford lawyers.

    So, Mr&Mrs Banker grew very, very, rich indeed.

    Well, one day Mr Stuck was at home busy typing a long, long comment onto the SGT Report website, when he heard a knock on the door.

    It was Mr&Mrs Banker!

    They said to Mr Stuck, in a big scarey banker voice, “YOU OWE US MONEY, AND WE WANT IT BACK, RIGHT NOW!”.

    Mr Stuck was not scared of the big, bad Bankers, and he just smiled at them.

    Mr&Mrs Banker did not like that, they enjoyed making poor people scared before they stole from them. But Mr Stuck was not just any poor person, Mr Stuck was an ‘awake’ poor person.

    Mr&Mrs Banker said firmly, “We have been writing letters to you commanding you to repay your overdraft”. They continued, “If you dont pay us now we will send fierce and scarey men with handle-bar mustaches and over-developed biceps to intimidate you into paying”.

    Mr Stuck just smiled at Mr&Mrs Banker, who were now very angry at Mr Stuck.

    Mr Stuck said, “Well Mr&Mrs banker, you can send in the whole of NATO, but you cant get blood from a stone. I aint got two pennies to rub together, so old Mr Stuck aint got no cash for you today”. Mr Stuck smiled at the bankers and promised, “I will pay you back as soon as I’m back on my feet”

    Mr&Mrs Banker were now very, very angry indeed with Mr. Stuck. They did not like poor people at the best of times, and certainly did not people who were not afraid of them, like Mr Stuck.

    So, they stomped their feet somemore and said, “Well then Mr Stuck, we will have to put an order against your house, and if you dont pay up we will legally steal, ahrrrm we mean, ‘seize’ that house from you”. Mr&Mrs Banker were now smiling because they thought they had beated Mr Stuck.

    Mr Stuck just laughed at Mr&Mrs Banker, and said, “Oh, whats that Mr&Mrs Banker? You want my house do you – well, youre welcome to it, but you might want to speak to my Landlord first, because I dont actually own it!”, Mr Stuck, laughed again, but even louder this time.

    Now, Mr&Mrs Banker were getting so angry at this stage that steam was coming out of thier ears, so they decided to play even harder.

    “OK then Mr Stuck, you think youre so clever, we will show YOU who is clever, we will get a court order against your Pension!. HA! How do you like that Mr Stuck! That will teach you not to have anything for us to steal!

    But Mr Stuck just laughed again, much to Mr&Mrs Bankers dismay.

    “Oh, Mr&Mrs Banker, you just dont give up do you, always trying to take things that aren’t yours”, said Mr Stuck. “Well, guess what, old Mr Stuck aint got no pension either! What you gonna do now Mr&Mrs Banker?”. Mr Stuck was lauging so laud by now that he was setting off car alarms.

    Mr&Mrs Bankers heads began to rotate because of all the steam coming out of thier ears, so they went went away, stomping thier feet, waving thier fists, throwing pieces of paper around, and saying rude words.

    However, just before they got into thier Limo, Mr Banker turned around and shouted, “I’ll be back!”.

    Mr Stuck just waved, smiled, and said “hasta la vista, Baby!”.

    Indeed, sometimes it does pay to be poor. 🙂

    • Angel

      Well, stuck, poor in financial and material terms, maybe, but rich otherwise.

      I hear you, brother, loud and clear. There isn’t much they can take from me either. My wealth aren’t some digits on a screen. And that’s by design. Ultimately, it is our very souls they are after, but they will fail in this regard as well, with some of us anyway. Others have already been captured.

      Because all of those tanks, all those men with over-developed biceps, and all the scientific technology and psychological techniques that they might have at their disposal will not penetrate the fortress-like perimeter that surrounds our internal essence.

      So what is it that they can take from us? They may try to take our humanity and self-respect, but even these are something that we ultimately decide over, as much as they may claim to be the decider in such things.

      And then there’s this, which is worth posting again:

      “They may torture my body, break my bones, even kill me. Then they will have my dead body, but not my obedience.”

      ― Mahatma Gandhi

      • Stuckinsidethematrix


        Well said.

        The Ghandi quote is also certainly worth remembering, especially as I feel that many people will be tested in that way in the years to come.

        As for being poor, well it aint all bad, I could be even poorer. LOL.

        I have learned that being ‘financially poor’ is relative, and although I am technically well below the poverty line, I dont regard myself as being ‘poor’ and certainly dont feel ‘poor’ at all.

        Over the years I have helped out more than a few homeless people, many with kids, and I know what real poverty and deprivation is.

        I am no where near that level of poverty. I still get to eat each day, still have a roof over my head, and even have a few prep items. Heck, I even have a few ounces of Ag at the bottom of a nearby pond. How can I be truely poor if I’ve got all that?

        In comparison, is someone ‘rich’ when they earn $100000 per year, but with a home loan taking up 60% of that, a car loan, credit cards, and commuting bills to pay on top of all other bills?

        I wold say no. Firstly they dont own a darn thing as its all on credit, and secondly they likely have no time to sit, think, and ponder, as they are too busy working to pay for a lifestyle they think they should have, whilst worrying that they will keep the job they have in order to pay for the things they dont really own.

        That to me is a form of poverty. It may not be absolute poverty, but spirtually its no way to spend a lifetime.

        Although my weekly income is less than some people I know make in an hour, I am rich in non-material, non-financial terms, and count my blessings.

        Helping out at charities I also get to meet some very interesting people, at all social levels too. I remember one old man, he was of Native American decent, say that his people never had any money, so non of his people were ever poor!

        That is quite a profound statement if you think deeply on it.

        As I spend a lot of time with the homeless, the same man also told me that his people never knew of such a thing as homelessness. If a man could not provide shelter for himself, the tribe would provide it for him.

        Again, in this day and age, where some people are actually afraid of the homeless (sad but true), or pretend not to see them, or worse, try to dispose of them/outlaw it, that is a thought provoking statement.

        Anyway, I could go on all day discussing such things, and end up using whats left of SGT’s bandwidth whilst I do so, so I’ll stop here and end with one of my favorite verses from the Bible. I draw strength from it when hardship strikes, it is verses 71 and 72 from Psalm 119:

        “It is good for me that I have been afflicted; that I might learn thy statutes.
        The law of thy mouth is better unto me than thousands of gold and silver pieces”.

        It is always a pleasure exchanging thoughts with you Angel, so until next time, may God bless you and continue to guide you.

        • Angel

          Stuck, so many people are oblivious to how close they are to being homeless themselves. One paycheck away, in many cases. Particularly those who, as you say, “… earn $100000 per year, but with a home loan taking up 60% of that, a car loan, credit cards, and commuting bills to pay on top of all other bills…” That’s an awfully big burden to be carrying around, and is a recipe for disaster should everything come crashing down around them.

          That’s not to say a person cannot be spiritually wealthy while also being financially and materially wealthy. I don’t know the exact passage, but something in the bible pertaining to “being in this world but not of it.”

          But there are perilous times ahead for us all, and anyone who believes that their fancy house(s) and toys, or their access to easy credit, or their digitally-padded bank accounts, or even their gold and silver, will get them through it all without something deeper, much deeper, coming from the soul itself, will be in for a rude awakening.

          The Beast is finalizing the next stage of operations and is intent on ruling the roost. And whether it IS desperate, or is merely feigning desperation, matters not for anyone whose priorities remain part and parcel of the Beast system.

          The matrix is physical, but first and foremost, it is mental. We must break the mental chains before we can free ourselves from it at the physical level. It ain’t gonna get any easier if we sweep it under the carpet and avoid what we know in our heart of hearts we must do.

          Of course, ultimately, the matrix is spiritual, at least in my view. The “battle” is really at THIS level, which is a battle not only for the evolution of humanity as a whole, but for each one of us individually. I’m afraid that anyone who ignores this aspect of the “awakening” is doing themselves a disservice.

          Thank you for your kind words as always, Stuck. Be safe, be well.

    • Rodster

      Classic stuff Mr. Stuck ! 🙂

      I may not be rich as some here on SGT but i’m debt free renting an apt 3 blocks from the beach. At 56 since last Oct, I have lived by the credo for the last 15 years or so, “you ain’t taking it with you”. The same applies to George Soros or to the homeless person. Anything you accumulated in life stays behind for someone else to use.

      The only person I know who took a lot of stuff with her was Whitney Houston. 😆

  • knowtoomuch

    @Angel : You’re absolutely right.

    “…in 2008, former CEO of Goldman Sachs and the Secretary of Treasury, Hank Paulson, telling a closed session of Congress that if they did not authorize the bailouts, there would be tanks in the street an ultimately, REVOLUTION!”

    Governor Kanjor(v?)ski was one of the present persons that ‘Paulson’-day and talked about it in 2010.

    Check Youtube on that one, if you like !

    • Angel

      Yep, just delaying the inevitable.

      • Sergio of the Jungle

        They have already captured their souls, Angel. People still believe they have choices when it comes to political and financial liberty. They still believe that Democracy gives them an opportunity to make a difference and that the money that they earn has already been printed and held in trust as they get paid their digital credits. Despite the global record of government failure, they still believe that their govt. is of their creation and so wouldn’t be doing anything other than looking out for their best interests. Stockholmed up the Khyber Pass, well and truly.
        That a major portion of the masses will never awake on their own, it will come down to blows, that is if my experiences are anything to go by. I’ve Lost friends over my attempts to persuade them of the nature of the beast. Lots of them. Maybe too much of a soap box oracle. They’ll all turn up in an emergency, no doubt.

        • Angel

          Unfortunately, it may very well take a serious crisis of this nature in a persons life in order for them to realize that they can no longer live life in their fun bubbles. In other words, they will become “scared straight”, so to speak.

          The difficult part of it is that some of these same people will be completely wiped out after years or decades believing that they were rich beyond words. This shock to the system will undoubtedly be difficult beyond imagination to handle without some sort of firm spiritual foundation during the trying times that ensue.

          If this is what it takes, than nothing is lost, really. Material and financial wealth, yes, but at least they will be given a chance to evolve.

          For those whose souls have already been captured (whether literally or metaphorically), I don’t even want to contemplate the eternal hell that they will experience. Better we leave that one alone.

          As for loss of friends, I’ve made it a point not to come on particularly strong with people over all of this these days. Yes, encouraging words, a tidbit of info here and there, but anything beyond that is likely to threaten their normalcy bias and end up badly.

          And some of these folks will be the first ones to tell you (with glee) how wrong you were about the metals or about the collapse after telling them with complete certainty that things would be otherwise. This makes us only appear less knowledgeable or trustworthy, so it’s best to tread lightly with people who lack the mental capacity to see this with an open mind.

  • knowtoomuch

    Guess what ?

    I made it easy for you guys :

    ( Kanjorski was/is his name ; no ‘v’ in it )

  • Ed_B

    Two things. First, if the banksters think that they can get away with this, they are sorely mistaken. As Gerald Celente says, “When people lose everything, they lose it”. I predict a wave of bank robberies in the wake of any such grandiose theft program, many banksters shot, and that it will be VERY difficult to find a jury who will actually convict a bank robber. Most will see this as JUSTICE.

    Second, millions of very pissed off citizens with Molotov cocktails will make life in those tanks “nasty, brutish, and short”. At some point, even the dolts in government will understand that they have well and truly screwed the pooch and that he is, indeed, one ugly sonofabitch.

    • Rodster

      Exactly and the other problem I see is that EVERYBODY is doing the same thing from East to West. When the USSA finally collapses nothing will be fixed. The baton will be passed to the Chinese who will carry on with ‘business as usual’ other than to back their currency with gold…..I say maybe to that too.

      The global economies need to start over and get away from Keynesian economics, fractional banking along with an infinite growth economic model.

      If they don’t do that, the same will happen again and again. 😉

    • glitter 1

      “Two things. First, if the banksters think that they can get away with this, they are sorely mistaken. As Gerald Celente says, “When people lose everything, they lose it”. I predict a wave of bank robberies in the wake of any such grandiose theft program, many banksters shot, and that it will be VERY difficult to find a jury who will actually convict a bank robber. Most will see this as JUSTICE.”

      Remember,if/when things escalate towards that direction,they control the bombs & codes.They can and will create the maximum diversion necessary.What needs to be pondered is,what the other side will resemble if in fact there will be another side that can even be recognizable compared to current quality of life.

  • Kerris

    I would expect the rioting mobs will first go after every banking execs. There will be plenty of banker lynchings starting with the Too big to fail banks in NYC. Then followed by the sacking government offices.

  • AgShaman

    This is old news. You are already and unsecured creditor under Dodd Frank.

    This is Dodd Frank for everybody involved….

    International Bank Holiday…aka “Global Bail-In Day”

  • Sam


    No one should keep any more than the bare minimum to cover bills or short term operating expenses in their bank accounts since the heist of Cyprus.

    • CalSailX

      I think I’d already closed my last bank account by the time the people of Cyprus were raped. Not about to be an unsecured creditor/sucker when the house of cards collapses.

      When you look around the table, and you don’t know who their “mark” is then it’s most likely you!

  • Hondo Stalwart

    Beware what one reads … I do not agree with the perception of this article at all.

  • Hondo Stalwart

    The psychology is to scare people into electronic ‘money’ … Cash being discouraged, Gold/Silver being discouraged … “They” (policy makers) are controlling the con-game.

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