That’s because they want you to believe that everything is under control… your bank and all your savings safe and secure….
I am writing to you because I am convinced that the U.S. is now facing some of the most serious economic and political threats in its history.
While the U.S. military remains the most powerful force in the world, the most immediate threats America now faces are closer to home:
… an increasingly totalitarian government that believes in illegal surveillance of law-abiding citizens…
… older citizens no longer able to retire and live what used to be known as their "golden years.”
Fortunately, you DON’T have to just sit by and do nothing. There are simple, easy, inexpensive steps you can take right now to protect your family.
This manual is chock-full of proven strategies, techniques and information that can make all the difference in a financial emergency.
In fact, Surviving a Global Financial Crisis and Currency Collapse will actually make your life better even if, God willing, we sidestep some of the economic catastrophes that I fear are coming.
That’s because the steps you take now to prepare for some of these possible disasters will end up making you financially stronger… more independent… and more self-reliant than you are now.
You won’t find this privately printed dossier in stores. I’ve developed it exclusively for my extended family of readers, and packed it with practical, real-world strategies for coping with a financial catastrophe.
Plus, weekly breaking news updates and political commentary you won’t find in the mainstream media including…
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America’s biggest banks are running to the Federal government for emergency loans and bailouts. Hundreds of financial institutions have already gone belly up in the past two years. And hundreds more could fail in the months ahead.
Despite a $52.4 billion surplus in 2007, the FDIC’s fund is now over $7.4 billion in the hole. And at the current rate of bank failures, it could reach $100 billion in debt by 2013.
By the close of 2010, the FDIC had compiled a list of 884 problem banks. That means more than one out of every ten banks insured by the FDIC is in trouble.
So even though Washington wants you to believe everything is just fine … that the economy is well on the way to a full recovery … the truth is this problem isn’t about to fix itself anytime soon.
Some of these banks will survive. But many won’t. Experts like Zacks Investment Research predict hundreds of banks will fail in the coming years—brought down by wave after wave of commercial loan losses.
Because when your bank fails, you don’t get a courtesy call or notice in the mail. The Feds close it down without advance notice. It’s policy. You show up at the bank to make a withdrawal and the doors are locked shut.
There is usually a notice on the door instructing depositors how they can gain access to their money.
That’s what happened to depositors at Colorado National Bank in March 2009. The bank issued a notice telling depositors that their money had been transferred to Herring Bank of Amarillo, Texas.
There are usually few delays in gaining access to your money—usually but not always. And do you really want to take that chance?
When IndyMac Bank of Pasadena, Calif., failed in July 2008, the second-largest bank failure in U.S. history, angry depositors lined up around the block trying to get their money. Many were turned away.
Police threatened anxious customers to remain calm or they would be arrested. It was estimated that 10,000 depositors had as much as $1 billion in uninsured IndyMac accounts.
For American investors worried about the safety of U.S. banks, it will soon be too late to seek an alternative.
That’s because some in Congress have plans to make it virtually illegal for an American citizen to open a bank account in another country—even for legitimate business purposes.
It’s already very difficult. Many foreign banks no longer will do business with Americans due to the onerous reporting requirements of the U.S. Patriot Act.
Led by Michigan Senator Carl Levin, the Democrats believe foreign bank accounts allow ex-pats and others to avoid income taxes—at least $100 billion worth—and they are determined to collect it. In March 2009, Levin tried to impose new draconian rules to make it almost impossible for a U.S. citizen to open foreign bank accounts.
Find out more ways to survive the collapse of the banking system in your copy of Surviving a Global Financial Crisis and Currency Collapse. Order it today for just $19.95!
What worries economists is that a large number of bank failures could overwhelm the FDIC and result in significant delays for depositors in gaining access to their savings.
What’s more, widespread bank failures are quite possible. In the 1980s and 90s, more than 700 savings and loan institutions failed or were taken over by Federal regulators. The total cost to taxpayers was estimated at $130 billion.
Some depositors had to wait years to get their money. The Federal Savings and Loan Insurance Corporation (FSLIC) covered accounts up to the maximum of $50,000.
Bank officials have been informed by the Department of Homeland Security (DHS) that all safety deposit boxes will be seized in the event of a national disaster.
As occurred sporadically during the Great Depression, Federal agents will examine all safety deposit boxes and determine which items… Read more…
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