THE U.S DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS—IN WRITING—IT MAY INSPECT PRIVATE BANK ACCOUNTS AND SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS, DOCUMENTS OR ANYTHING OF VALUE.
NOTE: I personally confirmed this on April 3, 2013 with my cousin, who works in the financial sector in Kalamazoo, Michigan, and with a friend, who has two family members that are bank managers in Florida. — Tim Pope
According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that "under the Patriot Act" the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make "periodic and unannounced" visits to any bank to open and inspect the contents of "selected safe deposit boxes."
Further, the DHS "shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence" any of the following items "bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature."
DHS memos also state that banks are informed that any bank employee, on any level, that releases "improper" "classified DHS Security information" to any member of the public, to include the customers whose boxes have been clandestinely opened and inspected and "any other party, to include members of the media" and further "that the posting of any such information on the internet will be grounds for the immediate termination of the said employee or employees and their prosecution under the Patriot Act." Safety deposit box holders and depositors are not given advanced notice when failed banks shut their doors.
If people have their emergency money in a safe deposit box or an account in a bank that closes, they will not be allowed into the bank to get it out. They can knock on the door and beg to get in but the sheriff’s department or whoever is handling the closure will simply say “no” because they are just following orders.
Deposit box and account holders are not warned of the hazards of banking when they sign up. It is not until they need to get their cash or valuables out in a hurry that they find themselves in trouble.
Rules governing access to safe deposit boxes and money held in accounts are written into the charter of each bank. The charter is the statement of policy under which the bank is allowed by the government to do business. These rules are subject to change at any time by faceless bureaucrats who are answerable to no one. They can be changed without notice, without the agreement of the people, and against their will. People can complain but no one will care because this is small potatoes compared to the complaints that will be voiced when the executive order that governs national emergencies is enforced.
That order allows the suspension of habeas corpus and all rights guaranteed under the Bill of Rights.
A look at the fine print of the contract signed when a safety deposit box is opened reveals that in essence the signer has given to the bank whatever property he has put into that deposit box. When times are good people will be allowed open access to their safe deposit box and the property that is in it. This also applies to their bank accounts.
But when times get really bad, many may find that the funds they have placed on deposit and the property they thought was secured in the safe deposit box now belong to the bank, not to them. Although this was probably not explained to them when they signed their signature card, this is what they were agreeing to.
During the Great Depression in the early 1930’s people thought that many banks were going to fail. They were afraid they would lose their money so they went in mass to take it out, in what is known as a run on the banks. The government closed the banks to protect them from angry depositors who wanted their money back. Throughout history, governments have acted to protect the interests of banks and the wealthy people who own them, not the interests of depositors or box holders.
In a time of emergency, people will have no recourse if access to their safe deposit box and bank accounts is denied. If they are keeping money in a bank that would be needed in an emergency or in a time when credit is no longer free flowing, they may not be able to get it out of the bank. The emergency may occur at night or on a weekend or holiday when the bank is closed.
The solution is to take emergency cash or valuables out of the safe deposit box or bank account and secure them somewhere else, like in a home safe. An even better idea may be to close the safe deposit box account completely, letting someone else entertain the illusion of safety.
Americans have learned a few things since the Great Depression. They now have the FDIC to liquidate any failed banks.
The FDIC promises to set up a series of dates and times when safe deposit box renters can access their boxes by appointment to remove their property and surrender their keys. The FDIC also promises to mail bank customers an announcement of the dates for such events and include a question and answer page that addresses safe deposit box access.
The people have the FDIC to give them back the money they had on deposit that they were unable to get out of any failed bank that carries FDIC insurance. Sheila Bair, head of the FDIC, promises that depositor`s money will be available in 24 hours or less. But people should remember that the FDIC is just another bureaucracy, and it`s probably best not to rely on a bureaucracy in an emergency.
Remember that safe deposit boxes aren't even insured, should the bank fail.
Video: The truth about Safe Deposit Boxes
THE SAME HOLDS TRUE FOR STORAGE FACILITIES.
DON'T PUT ANYTHING VALUABLE AND/OR NON-REPLACEABLE IN ANY BANK OR STORAGE FACILITY.
Jim Rogers, investor, author, billionaire and Chairman of Rogers Holdings and Beeland Interests, Inc., is the latest in a long line of top economists and financial experts who are going public, telling Americans to get their money out of the system now, because it is going to be stolen.
"Get your money out of the Banks, they are going to loot it." — Jim Rogers
Video: Jim Rogers on CNBC 3/28/13
"If politicians say don't worry, then understand you have to worry and they will loot your bank account. Run for the hills and hurry to get your money out." The IMF and the EU are actively stealing the privately-accrued wealth of the citizens. Jim Rogers says don't trust any politician. If you do, you will go bankrupt quickly. Amazingly, he CNBC reporter agreed with him.
Jim Rogers: 'Run for the Hills,' I'm Doing It, by Paul Toscano of CNBC
The Cypriot citizens woke up last week to find their private savings accounts raided of between 10%-80%, outside of law, depending on how much money they had deposited.
What happens in Cyprus won't stay in Cyprus. Because the global banking system is all connected. For instance, the U.S. Federal Reserve system was founded in 1913 by the same people who founded the International Monetary Fund (IMF) and the European Union (EU).
The bank heads who engineered this financial crisis are now taking their mask off. They are committing open thievery, holding citizens (depositors) accountable for insurmountable debts they did not accrue, and Cyprus will be the model for the rest of the Eurozone, Japan, and the United states.
Incidentally, U.S. banking industry failures have driven the FDIC to insolvency again. It happened in 2009 when they were short by over $100 billion to insure bank deposits, and it's happening again this year in 2013.
Ann Barnhardt: GET YOUR MONEY OUT OF THE FINANCIAL SYSTEM OR IT WILL BE STOLEN FROM YOU
Ann Barnhardt’s August 2012 interview with SilverDoctors serves as a startling wake-up call for any still participating in the fraud known as the US markets, stating that "What we’re seeing is the complete disintegration of the financial system before our very eyes. It’s Soviet." Barnhardt tells readers, "You have got to get your money out of the financial system. Not just the futures markets, but the entire thing. Stocks, 401k, IRA. GET YOUR MONEY OUT OR ELSE IT IS ALL GOING TO BE STOLEN FROM YOU! IT’S ALL A PONZI."
"What part of GET THE HELL OUT are you not understanding?" — Ann Barnhardt
Video: Ann Barnhardt: 'If You're Still in These Markets You're Either Stupid or On Drugs!'
Video: The Economy Is Going To Implode Pt.1 of 8
Watch parts 2-8 here
It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland, and that the result will be to deliver clear title to the banks of depositor funds.
USA PATRIOT Act Creates Safe Deposit Confusion
Those of you who are still stuck in your sophomoric normalcy bias and cognitive dissonance; those who still don't think this will happen in America, remember PFGBest and MFGlobal.
Other relevant news articles:
It's not a 'haircut' - it's THEFT when governments loot your private bank accounts
The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund And No Stock Portfolio Is Safe
What Cyprus Would Look Like In The US
List of 132 Names Released of Cyprus Elites and Companies Who Emptied Bank Deposits Ahead Of “Confiscation Day” for Commoners
The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse
Bank & Finance Alert
Warning: Get Your Money Out: “All Legal Bank Deposit Protections Are Now Officially Gone”
What Happened In Cyprus Will Happen Everywhere: Marc Faber
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. — 1 Timothy 6:10
Ye shall know them by their fruits. — Matthew 7:16