SGM Metals: And the Bank Holidays Begin, Cyprus is the Flashpoint, Will You Act?

PALM BEACH GARDENS, Fla. - March 25, 2013 - PRLog -- Naturalnews.com reports: [ There’s only one reason people leave money in a bank: they think it’s safe there. They think they can get their money back out when they ask for it. This trust is what makes bank accounts possible, & without this trust, there is no longer any reason for banks.

The govt of Cyprus just destroyed that trust across the entire EU by raiding the private bank accounts of everyone. In a surprise act of nationwide govt theft, the govt of Cyprus — under orders from the IMF & German bureaucrats — simply looted private bank accounts, stealing up to 10% of deposits.

It’s being called “the great EU bank robbery.”

Let it be known that govts can now directly loot your bank accounts without permission

If Cyprus can suddenly & without any warning loot private bank accounts & steal money away from people who have rightly earned it, then what’s to stop the same thing from happening in any other country?

Lars Seier Christensen, CEO of Saxo Bank. said: “If you can steal 10% of a bank customer’s money, you can steal 25, 50 or even 100%. I now believe we will see worse as the panic increases, with politicians desperately trying to keep the EUR alive.”

If a govt can instantly steal 10% of your savings, it can also steal 100%. So what’s the point of putting money in a bank at all? The only people who didn’t get ripped off by the Cyprus govt were people who had nothing in the bank!

Banks even went to great lengths to stop customers from getting away with their own money. “Cypriot banks banned online transfers & emptied cashpoints to stop withdrawals,” reports the Daily Mail. “Economists warned the move would fatally undermine confidence in the safety of money being held in banks in other countries, risking bank runs across the eurozone.”

Depositors across the EU are thinking, “Gee, this could happen here next. I’d better get my money out while I still can…” That’s the kind of thinking that causes bank runs. Given that the banks in nations like Greece & Spain are already on the verge of financial collapse, any run on deposits will likely set off a cascade of liquidity implosions that ripple across the EU & eventually make their way to America.

Get ready for the announcement of “bank holidays” across the EU. A bank holiday means the bank closes its doors & refuses to allow you access to your own money. Bank holidays are the last red alert warning sign before a systemic banking system collapse. If you hear an announcement of a bank holiday at your bank, you’re already too late. The only way to protect your savings is to get it out of the banks before they declare bank holidays

Americans are thinking, “Oh, this won’t affect me. My accounts are insured by the FDIC.”
FDIC insurance is a mathematical hoax… a delusion. If just 5% of the banking institutions in the USA went belly up, the FDIC would be bankrupt itself.

The FDIC, accordingly, is no protection against systemic failure. It can only really protect account holders of isolated, rare bank failures that do not happen as part of a systemic collapse. And yet the collapse that’s coming is, of course, a systemic collapse of the global debt-based banking system which is deeply tied in with govt spending & global debt instruments like derivatives. The only way to be safe from that inevitable implosion is to have no money in the bank & instead have your assets in real things like gold, silver, food, etc. ]

*DOES ANYONE REMEMBER THE INDYMAC FAILURE IN THE US THE KICKED OFF THE BANKSTER BAILOUT HEIST OF $49 TRILLION?*

{Over the weekend, California-based IndyMac was seized by the FDIC, the govt organization that insures bank deposits, in what could go down as one of the costliest bank failures ever. Once the smoke clears, the FDIC could be on the hook for $8 billion. That's a seriously scary chunk of the $50 billion it has set aside for such episodes. Fire in the hole!}

And so it begins, the bank failures of Europe have materialized like a thief in the night & the people who have been raped financially in this vane effort to prop up the insolvent banks are getting cagey. The IndyMac bank failure was the warning shot heard around the world of the systemic failure of US banks & yet this ponzi scheme has continued.

The insolvency of the banking system has been masterfully disguised by the theft of $49 TRILLION in tax dollars that has been shoveled into the anointed US mega banks by their friends at the FED in waves of QE. But this thin veil of liquidity is just that, a thin veil & its efficiency is wholly dependent upon the sheep staying calm & leaving their real monies in the bank as the base upon which each fiat money printing wave sits atop. Once the base capital is removed from the banking system the whole charade quickly collapses & real wealth destruction begins aggressively. We have a DOW bubble that has been sold to the public as proof the recovery is real.  People are discovering that the value of their retirement before the housing crash was 30-40% higher than it is today. This is proving that they are being fooled into paying $2 for $1 worth of stock since the dollar has lost roughly half of its value since he housing crash.

The corporate insiders have been caught red handed selling their stocks at an alarming rate of 50/1 & running to the metals market in preparation of the selloff. Now we have a bank holiday that can trigger a realization that if this can happen to Russian oligarchs & British royalty, why cant it happen to their bank accounts? More importantly it highlights the fact that if these folks had their wealth OUTSIDE THE BANKING SYSTEM & IN PRECIOUS METALS THEY WOULDN’T CARE WHAT HAPPENED IN CYPRUS BECAUSE THEY ARE IN THE TRUE RESERVE CURRENCY GOLD & SILVER BULLION.

When will you see the media is doing the banks bidding & selling you a bunch of BS to keep the Wall Street machine cranking out the profits for their shareholders until the game shifts to hard assets when the entire house of cards comes crashing down? Will you remain a good little sheep until the panic begins & its every man for himself? Establish your “Plan B” in physical gold & silver bullion now before the bank runs get serious momentum behind them & become a juggernaut that cant be stopped & are able to jump across the pond to the US while you are bundled up in your bed dreaming of retiring one day. This could result in us awaking to the news that the EU banking system has collapsed & you wont be able to do anything about it what so ever. The tick, tock is getting louder folks, its time!

The WHOLE WORLD 100 years ago wasn’t under the parasitic smothering of the banking system because individuals used gold & silver bullion as their medium of exchange, this maintained their independence & assured their individual sovereignty. Lets go old school!