This article is being posted because it totally fits the theme of this “SURROUNDED” Blog, and it is frankly “mind bending” in it’s implications of what has and “is” apparently going on with our banking system and the potential legal status this has on all of us “un-knowledgeable” depositors in the system. Matthias Chang the author of the article is saying that the bank deposits that you and I and everybody else makes into our bank accounts has an entirely different legal status than what we think.
The old adage “buyer beware” comes to mind here, (Think Cyprus), and I know I’m going to be looking into this deeper and suggest everyone does the same.
Here are some quotes from this article;
“Since you were a little kid, your parents have encouraged you to save some money to instill in you the good habit of money management.
And when you grew up and got married, you in turn instilled the same discipline in your children. Your faith in the integrity of the bank is almost absolute. Your money in the bank would earn an interest income.
And when you want your money back, all you needed to do is to withdraw the money together with the accumulated interest. Never for a moment did you think that you had transferred ownership of your money to the bank. Your belief was grounded in like manner as the owner of the bushel of wheat stored in the warehouse.
However, this belief is and has always been a lie.” And;
“Your status is that of A CREDITOR TO THE BANK and the BANK IS IN LAW A DEBTOR to you. You are deemed to have “lent” your money to the bank for the bank to apply to its banking business (even to gamble in the biggest casino in the world – the global derivatives casino).”
Here is another “Link to get more info” about this subject