You may not want to know…

The Destruction Of The Middle Class Is Nearing The Final Stages

Tyler Durden's picture

Submitted by Tyler Durden on 12/23/2014 22:30 -0500

Submitted by Tom Chatham via Project Chesapeake,
The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed.

At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money.
These bank deposits become the property of the banking institution and
as such can be used any way the bank wants. This means that any money
you deposit in a bank now is no longer yours but makes you an investor
in the bank and subject to lose that money if a banking crisis takes
down the bank.

The spending bill just passed by congress makes the American
taxpayer responsible for any derivatives loses that banks may suffer.

These derivative holders now have first priority when any funds are
paid out and depositors are relegated to last place. FDIC insurance will
have to pay out these funds but it has no where near enough money to
pay the more than 300 trillion in losses that will be suffered in a
banking crisis. That means any depositor has little hope of getting
anything back. In order for depositors to get anything back massive
money printing would have to take place making any payout amount to only
pennies on the dollar.

And if you don’t think there is any danger of a banking
crisis in America you may want to keep in mind that the Treasury Dept.
has recently ordered $200k worth of 72 hr emergency kits for dispersion
to every major bank in America.
These are known by many as
bug-out-bags and are used to support individuals when disaster strikes
and they have to care for themselves for the first few days of crisis.

New legislation now gives pension plans the ability to cut
benefits to pensioners in the future making the future welfare of these
people uncertain.
They say it is necessary to prevent these
funds from going bankrupt. It will “apply to multi-employer pensions,
where a group of businesses in the same industry join forces with unions
to provide pension coverage for employees. The plans cover some 10
million U.S. workers,” You may be happy to know this will not affect
congressional pensions, as long as they are funded by the taxpayers.

The sanctions being placed on Russia are beginning to destabilize the world in many ways.
The sudden drop in oil prices will send ripples through many foreign
nations and cause an already tense situation to become highly flammable.
It seems this is what is wanted to provoke a new world war and hide the
complicity of bankers and politicians in the coming destruction of the
economy.

For the past few
years those elite with knowledge of the coming monetary destruction have
been putting their fiat dollars into any hard assets they can find.
The
recent record prices paid at auction for collectables is just one more
indication that those in the know are moving into hard assets as fast as
they can to preserve their wealth.

This diversification includes precious metals and land as well.
I believe when there are no more metals or suitable properties
available for purchase, these entities in control of this game will pull
the plug and let everything collapse. Those holding fiat paper,
electrons or other paper promises will be devastated as those assets
evaporate into thin air.

You may feel some security knowing you have a good job but
among the deposits that disappear will be billions in commercial
accounts that belong to businesses.
When these businesses lose
this money, many will likely close destroying many jobs in the process.
This will send ripples through the transportation, production and
distribution system when it happens. In an economy made up of 70%
consumer spending, this will be fast and devastating to those with few
resources to fall back on when it happens.

There are three lessons that many people will learn in the coming months. If
you do not have it already you may not be able to get it. If you do not
have it physically in your hands you do not own it. If you cannot
protect it you will not have it for long.

About arnierosner

As an American I advocate a republic form of government, self-reliance, and adherence to the basic philosophy of the founding fathers and the founding documents, I ONLY respect those who respect and "HONOR" their honor. No exceptions!
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