Wednesday, June 15, 2011

How Safe is Money in the Bank When The Economy Collapses?

Mike Maloney has been predicting a major economic collapse for years. Heed his warnings and start learning why this collapse is now unavoidable. Think for yourself. Don't believe what the corporate media is telling you.

Also, read this article in the Business Intelligence featuring an interview with Jim Rogers.

We all need to change the way we think. We have to stop putting hope in the ability of bankers, financiers, and politicians to fix a broken economic system. The same people who are creating the chaos cannot be counted to correct the problem they made. To expect otherwise is delusional.

Create your own banking system first. Shelter your cash savings from economic collapse. You'll not only earn a better return on your money, you'll protect the money from taxes, and most importantly, when the public is denied access to their cash held in the bank, you'll have the peace of mind knowing your money is safe and liquid just like during the Great Depression when families who owned Whole Life policies were able to remain liquid and ride out the economic collapse better than those that lost everything held in the banks and on Wall Street.

And if you think FDIC is going to re-pay you. Think again. The FDIC is insolvent. There is conservatively over $4 trillion sitting in bank accounts across the nation. The FDIC balance sheet only has a little over $100 billion in assets and available line of credits. With over 800 banks on the watch list in jeopardy of failing, there simply isn't enough money to make bank account holders solvent when banks begin to fail in mass.

As an experiment, if you have over $5000 in a bank account, ask for it in cash. Let me know if the bank gives you a portion and asks that you come back tomorrow for the remainder. They simply don't have it. Now imagine 100's of people trying to do the same thing at the same time. We saw bank runs when IndyMac failed in 2008 and that was just one bank! Don't wait until the bank collapse is more widespread.

Talk to a Bank on Yourself authorized advisor today to protect and grow your money today!

The best thing you can is prepare for the worst. When you do, you can ride out even the worst financial times far better than those who followed the crowd listening to the same advice that continue to net the same results.

We had the Great Depression in the 1930's. Could a Greater Depression be around the corner? The signs are there it will happen. Mike Maloney and Jim Rogers can see it. Can you?

If you are wondering if you can buy gold and silver with your private banking system, the answer is yes. I call this strategy "This AND That". Not "This or That" as with every other type of financial strategy.

John Montoya
JLM Wealth Strategies

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