Ellen Brown-5 Big Banks will Survive Next Financial Calamity-Everybody Else Bankrupt

[snappyturtle]

This video was posted on Greg Hunter's program. It was posted on Dec.9th. Ellen talks in reference to G20. Now with CRomnibus on it's way to the White House...the handwriting is HUGE on the wall. Couple with the FDIC and Bank of England agreement of Dec. 12, 2012...

What will you do to protect your money?

Edit: link to FDIC-Bank of England document:https://www.fdic.gov/about/srac/2012/gsifi.pdf

[world wide wally]

1. Hellooooooo...

That is the plan

[benld74]

2. FIVE BIG BANKS!!!!!!!!

Four,,,,

[Locrian]

3. What will you do to protect your money?

What CAN you do?

[snappyturtle]

4. I don't know. That's why I was asking. It's not feasible to get it out

in cash and stuff into the proverbial mattress...so. Some have said money market accounts are safer...transfering smaller quantities to a checking account for everyday needs. Others have suggested credit unions.

[Locrian]

5. Right. Its a disaster scenario

There are no safe port when it's the entire economy. It's like watching a accident in slow motion.

Take it out, leave it in - the money is still worthless.

[tsuki]

10. Not in the short term. The cash might

be depreciated, but it can still be spent.

[tsuki]

8. Actually, stuffing it into the mattress is not

such a bad idea. (You can thank my Depression Era Aunts for that one. They all had household stashes.) I keep a minimum of one month's expenses in cash. If a banking holiday occurs or capital controls are instituted, cash works well.

I was raised in the military, mainly overseas, so I have lived in quite a few collapsed economies. When the 80's hit, all those experiences came flooding back. That is when I became a 25%'er.

[Jack Rabbit]

7. What do you do to protect your money?

[center]

[/center][font size="1"]
[/font]Jean-Pierre Houël, The Storming of the Bastille from Wikimedia Commons (http://commons.wikimedia.org/wiki/File: Prise_de_la_Bastille_clean.jpg)
(Public Domain)
[/font]
Imagine that's JPMorganChase or Goldman Sachs in the background.

[snappyturtle]

11. LOL! Ultimately, but in the meantime.....??? nt

[Jack Rabbit]

12. What meantime?

Get you torches and pitchforks out now. The oligarchy is already here.

[snappyturtle]

14. You're right but I'd like to have some funds left after the cleansing of the oligarchs. nt

[Jack Rabbit]

16. No, no, no, Snappy, cleansing the oligarchs is how you get your funds back

If they can't steal your money straight out of your bank account, then they'll steal it from you when you pay your taxes after Congress sets aside funds to bail the bastards out again. Listen to what Ms. Brown said: there will be no safe haven for your money. The apparatus is already in place.

The elections are rigged, so you won't get it back by voting out your corrupt congressman. There are more bought congresscritters than honest ones, so you know they're going to do what the banksters want them to do.

The only thing I see that will rectify the problem is a campaign of mass civil disobedience aimed at overthrowing the oligarchy. Our enemies may call it treason, but it would not be. The idea isn't to overthrow the government, but to restore the government to the people. Get your torches and pitchforks ready.

Of course, you can keep your money in a wall safe or a mattress just to keep it away from Legs Dimon or Pretty Boy Lloyd, but then there's still the tax man who will take your money and give it to them. So one torch or pitchfork available to us is to not pay taxes to the oligarch's government. "That's illegal," they'll say. Well, what part of civil disobedience do they not understand? You don't have enough intestinal fortitude for that? Well, what part of civil disobedience do you not understand.

[snappyturtle]

24. I have no problem with civil disobediance. However, I don't understand from

your reply is how can I be taxed on money that may be buried in the back yard?

[Jack Rabbit]

25. You can still be taxed on you income.

The government should have a paper trail regarding that. Your employer reports what he paid you, and you receive form W-2 or, if applicable, form 1099.

Of course, if your money is not in a bank, at least you won't be earning interest, but that comes back to subject of the video you posted.

[ancianita]

29. There is no cleansing of oligarchs. They are present digitally, not bodily.

You'd have to be able to afford to find them in the walled, gated, exclusive enclaves of the jet set. Has anyone mapped their whereabouts? Tearing down a building won't get to them. They'll just collect more insurance, paid for by you.

[appalachiablue]

17. Nice image of the Bastille and analogy to the big banks. Lafayette sent the key to the Bastille

to Geo. Washington via Thos. Paine in London and John Rutledge of So. Carolina. The key is on display in the center hall of Mount Vernon, GW's home in Va. The storming of the Bastille was significant for its association with the Ancien Regime, but there was only a small number of prisoners there. The symbolism was the point. L and GW exchanged letters discussing the event, the revolution and aspects they disagreed with that are published online. (Mount Vernon sells a $10 reproduction of the key that's pretty cool).

[stillwaiting]

6. In this interview Greg Hunter blamed Bill Clinton, the Republicans, and ALL Democrats for...

... the repeal of Glass Steagal.

Throughout the interview he seemed to slam Democrats more than Republicans. He made it VERY clear that Democrats would not ever rectify the situation on several occasions without making such blanket statements about Republicans.

That kind of stuff seems to be agenda driven to me.

The interview was good. Ellen knows quite a bit about what's going on, and Greg Hunter SEEMS to want some changes here, but he effectively keeps much of his audience from even entertaining the solution (which is progressive reform and the only place that exists is within the Democratic Party).

[tsuki]

9. But not enough in the Democratic Party. If the Dems had

stuck together, Frank-Dodd would not have be repealed in the Cromnibus.

[msongs]

13. congressional dems + obama made it possible. banks rule and citizens drool nt

[stillwaiting]

15. Oh I completely agree. You will not see me making excuses for the new breed of Democrat.

Anyone that seems to be putting MORE of the blame on Democrats than Republicans is confusing the issue though in my opinion.

There does still exist a contingent within the Democratic Party that COULD turn this country back around. There exists no such group within the Republican Party. Progressive politics and progressive awareness must make a strong comeback within our country or we will simply continue to sink further and further into a more and more dystopian future.

[jtuck004]

19. It's because the Democrats changed the laws to make it possible. To help their big donors.

And they continued it in 2008 - From Open Secrets
Goldman Sachs $1,034,615
Harvard University $900,909
Microsoft Corp $854,717
JPMorgan Chase & Co $847,895
Google Inc $817,855
Citigroup Inc $755,057

[snappyturtle]

21. To tell the truth, I wasn't listening to this video for Greg Hunter's point of

view. I often don't agree...sometimes I think he panders to his fantized base.

OTOH, I tuned into what Ellen Brown had to say. She and a very small number of others
set out to warn us after the agreement between the FDIC and the Bank of England.

[Thav]

18. They mention raising rates on small banks

If you have small banks not involved in risky behavior, shouldn't their rates be way lower than banks that engage in risky behavior? Should BoA's FDIC rates be much much higher (as a percentage) than a little bank since they own so many derivatives?

That's one part I don't really understand. I do get that as the risk of the entire pool goes up, so do rates generally. Shouldn't those who engage in very risky behavior pay the most for the insurance?

[snappyturtle]

22. I would think so, but I am not an econmist or anyone tptb would seek out

for advice! I just am scared. I live alone and I need to protect what I have.

[stuffmatters]

20. 280 -330T in derrivatives in lst position for FDIC's 48B reserves. Depositors will owe 280T.

The bankruptcy law of 2005 put derivatives in first position to be covered in a banking collapse caused by their own wild gambling in derivatives. Depositor money and pensions are the legislated real "FDIC insurance" for the Wall Street Casino.

I'm a huge admirer of Ellen Brown; she's Ca's Own Eliz Warren. She's right that the only protection we have for our money & pensions is to set up state banks which cannot be drained by Wall Street. Even now credit unions are vulnerable.

North Dakota has a long standing and highly beneficial state bank. It can serve as a proven & simple model for other states.

Ellen Brown is a genius. State banking a very simple solution to protect working & saving Americans from the inevitable catastrophic collapse of the derivatives casino which is structured right now to be covered by depositots and retirement funds. The Wall Street Insert in Cromnibus Bill was just another step in cementing of this Wall Street strategy.

Brown is right. It's beyond "repairing" our banking system through legislation. The only real protection for depositors is setting up an
alternatve system Wall Street can't pillage, That means state banks.

[snappyturtle]

23. I agree. I looked into getting a Bank of North Dakota account. Only state

residents can do this, in person, at one location! I do have a bank account in a ND
bank that I need to pursue further. I know at one time, while living in the state, I
had some money wired to it and believe me it was a bit of an ordeal because the BND
has different operating procedures for such a transfer than through the Federal Reserve.
I am assuming that my particular bank there is under BND regulations...but I'm not
certain of that.

[jwirr]

27. So what is being done to lobby for state banks? Is any state other than ND even close to doing

this? I am in MN. You would think that we being so close to ND would be watching.

[stuffmatters]

28. Ellen Brown's the most persistent advocate for State banks I think.

Brown ran for state office in 2014 (State Treasurer I think) but got no press or attention. I didn't even know she was running til I read my voters guide before going to vote. (In the pamphlet her main position was around creating a state bank in Ca.) So essentially she got zero attn in Ca from either the media or the Dem Party.
And I think Warren,Krugman, Black and Alexis Goldstein (OWS) have have written about the benefits of state banks.

But Brown's the only constant and emphatic voice for establishing state banks. This interview posted is really good at summarizing her arguments & also the simplicity and necessity of this solution to protect Americans. Trying to regulate, legislate or otherwise fix the existing system is no longer a solution: the cromnibus put a final exclamation point on the absolute "legislative capture" of the vast majority of Congress; the President was a huge supporter of the Wall Street surrender as well.

[jwirr]

30. Thank you. I will earmark this and use it to try to legislate our MN representatives and gov. Who

knows, they might even listen.

[pa28]

26. Interesting how the G20 agreement immediately forced a corresponding change in our own law.

The citi provision of the cromnibus bill conformed our own structure of regulation to the G20 agreement. No real debate, no time to think and Dodd Frank had it's teeth yanked just like that.

If you were angry about that there's some bad news coming. TPP will do the same thing with all kinds of hard won legislation ranging from environmental protection to labor protection. Corporations have found a very efficient way of killing off all that nasty progressivism they could never destroy in broad daylight.

[KoKo]

31. K&R.