A person works all week, say at a fruit market or a construction site, or as a nurse at a hospital. At the end of the week this person is rewarded with a paycheck, well nowadays it’s a deposit to your bank account. Let’s just call this person Frank. Frank has the taxes for the government taken right off the top. Then Frank has to pay for his living expenses, rent, energy, water, food. Frank’s son may need new jeans for school, or his daughter may need a new coat since kids grow like weeds. An emergency could come up, when a storm knocks the power out at home Frank will have to spend the little he has left on gas to put in the generator. Thank God Frank opened that savings account for times like this. Now Frank and his family won’t be going without this week until Frank gets paid again. In fact, if the power outage continues he can even take his family to a hotel until the power is restored. This is what we use our savings accounts for. We put a portion of our pay in there every week, that way if something comes up you are prepared like Frank was. If you want to save for a house, a car, that healthy habit of putting money up will serve you and your family in the future.
Now imagine. Say Frank had a bad accident, and he cant work until his broken leg heals. He goes to the bank, and asks to withdraw three hundred dollars from his account. The teller kindly informs Frank that since he deposited his money he became an unsecured creditor, and the money really doesn’t belong to him anymore. When Frank doesn’t leave, because he cannot understand why he cannot withdraw his own money, the bank manager gives him three hundred dollars in bank bonds, slaps him on the back and tells him to be on his way. Do bank bonds buy Frank and his family the groceries they need until his leg mends? No they don’t. Furthermore, what happened to Frank was completely legal.
The truth of it is, even if it wasn’t it wouldn’t matter. The central banks answer to no one in this world that anyone can discern. People sworn to hold up the law and to the constitution of the United States answer to these ‘too big to fail banks’. How it works is that Frank is the unsecured creditor, he has a claim to his money, and the odds are high that he will receive it back, but the bank then becomes the secured creditor, and the bigger central bank behind Frank’s smaller bank is the super-secured creditor. If this super-secured creditor sees that Frank’s smaller bank is beginning to totter a bit, then the central bank or super-secure creditor can then reach into the accounts of Frank’s smaller bank and seize the assets out of all of the personal checking and savings accounts. This is a little known possibility if the market rolls over. If any of these too big to fail banks begin to go under, all bets are off, and everyone’s assets are there for the taking.
This is unjust, but as mentioned before, there’s not a thing anyone can do even if it is illegal. How do we know that? We can look back to the gold and silver manipulation scandal from the summer of 2016. Most of the banks involved received no penalty. The ones that did get fines, were able to go into congress and negotiate to have the fines lowered! Then after the deal is forwarded to the authorities. So it’s always worth it to these big banks to do this, since the fine they pay is a drop in the bucket compared to what they made during their illicit activities.
When congress would ask to see documentation of what exactly occurred, they were stone walled, first by Eric Holder back in the first four years under Obama, and then by Loretta Lynch for the latter four years. Last year during this LIBOR scandal when the central banks were accused of money laundering, nothing happened to them as punishment due to this blockage of justice in the legal system.
Really, when it comes down to it, the department of justice, congress, the federal reserve, and the national treasury all answer to these central, too big to fail banks. The formal name of these institutions is the Global Systematic Financial Institutions or the Financial Stability Board operation by financial settlements. “It’s a cover, a front for the entire banking cartel.” Said John Titus, producer of the YouTube channel, Best Evidence. When asked if there was a way to fix this system and hold the big banks accountable he said, “Short of revolution, I don’t know. The traditional way would be for citizens to write their congress members and ask them to demand to know what the DOJ is doing. This is all the big banks fear. The people, when the numbers are big enough.” Titus explains, “During the 2008 meltdown it wasn’t the big banks bullying congress that got them the money. It was the unprecedented amount of people writing and calling in that scared Congress in to acting. You could still demand that Jeff Sessions look into these cases, but he will never hand the documents over, just like his predecessors, and Congress will not make him. Congress, and the Department of Justice are doing a perfect job for the sovereign banks, and an excellent job at screwing the American people.”
There it is in one word. Sovereign. There is no sovereign in this world but these central banks. No rulers or leaders are anything more than managers of their respective states.