Category: Wealth Tips

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The Coming Financial Crisis A Look Behind the Wizard’s Curtain

The Coming Financial Crisis A Look Behind the Wizard's Curtain
(I received this email from a friend and thought it worth sharing. I have met the author and he really DOES know his stuff.)
I talked to a friend today.
Smart Dude, but he hadn’t quite grasped this whole Bail In operation.
It’s important to know what is being planned here. Your bank account could be at risk.
So let me explain it simply.
A strategy has been devised by the Global Financial Mafia (and I use that term advisedly) to protect banks – particularly the large banks – from the financial calamity that is going to result from the explosion of the derivatives bubble.
What is the “Derivatives Bubble?”
Derivatives are essentially bets – yes, like Vegas – bets between financial institutions primarily on the direction of interest rates. One bank thinks rates are going up, the other thinks they are going down and they bet.
The bet becomes a security, like a stock or a bond.
Then people bet on those bets and others bet on the bets of the bets and the bets pyramid to….
Today, there are about $1.2 QUADRILLION dollars in derivatives on the planet. $1,200,000,000,000,000.
About $227 Trillion are held by U.S. banks. $227,000,000,000,000.
The figures are mind numbing.
Banks can use depositors money to help fund their derivatives.
We are talking fiscal insanity.
Warren Buffet has called derivatives, “Financial weapons of mass destruction.”
Sooner or later this bubble will break. Banks who made bad “bets” will suffer catastrophic losses…or will they?
With the new “Bail In Strategy” (designed by the world’s top central bank in Basel, Switzerland) banks that suffer losses and are failing can take money from depositor’s accounts and convert the money to bank stock.
You’re scratching your head now thinking, they can’t possibly take my money….
The trouble is that once you put your money in the bank, IT IS NO LONGER YOUR MONEY. It’s the bank’s money. Yes, they owe it to you. But you are an “accounts payable.” You are what’s called an “unsecured creditor.” And unsecured creditors are paid out from a failing bank after the derivatives holders – the bank itself.
How much they can take is a question, as the FDIC, in issuing a memo on this procedure for U.S. banks, specifically omitted any mention of deposit insurance. Perhaps the insurance will apply, but Bail Ins are new, have never been done here before and the FDIC did not mention insurance in their Bail In memo.
To get the full story of who is behind this and how to protect yourself, read my new book, The Coming Financial Crisis A Look Behind the Wizard’s Curtain. Print or digital.
It is written in “plain english.” Learn what is in progress and how to protect yourself.
Knowledge is power. Get some.
http://www.amazon.com/Coming-Financial-Crisis-Wizards-Curtain/dp/0996968644/ref=sr_1_1?ie=UTF8&qid=1452065397&sr=8-1&keywords=john+truman+wolfe

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Is What You Are Told True?

Cecile posted a wonderful quote this week from Carl Sagan that was never so apt as when applied to those scammed by the medical profession into thinking that vaccinations were the result of the drop in infectious diseases:
One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.
There is a quote to the same effect, attributed to Mark Twain but allegedly unproven as penned by him.
“It’s easier to fool people than to convince them that they have been fooled.”
Despite the disputes over it’s authenticity, it is, unfortunately, observably true!
So next time somebody presents you with data conrary to what you have previously been told, it might pay to stop and fact check the contrary data. And relying on daya presented by an “authority” as being more valid is very often a lazy and incorrect choice. Especially if they are asking you to trust their authority rather than actually looking for your self.
You cannot live long enough in one lifetime to learn all you need to know by direct observation, so you have to take in a great deal of data second hand, that is written by someone else who observed. But you do have to exercise more judgement with second hand data than you do with that you directly observe. One thing you have to ask is, “Is there a slant being given, is there a vested interest being forwarded with this data.”

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Take On The Corporations

Take On The Corporations
Most of us would not knowingly, deliberately fund a terrorist organisation.
Most of us unwittingly do, every day, through the purchases we make.
To avoid this, take the following steps:
MAJOR TARGET:
To reduce the power (income, personnel and influence) of the multinationals and increase your awareness, competence and survival potential.
OPERATING TARGETS:
Become more aware. (Ignorance is never bliss. It leads to unpleasant surprises, often with disastrous consequences.)
Inform and educate yourself as to the way The System works and tread a different path.
Add your voice to the campaigns promoting sanity over vested interests, government power, tyranny and corruption.
Start by reading labels and understanding what is in what you eat and who is the owner of the business from whom you are buying.
Don’t buy things you don’t need.
Pay down your debt.
Get more competent at communication and selling and marketing.
Transition to a job that is on your basic purpose line. (Chances are it won’t be working for a multinational.)
PRODUCTION TARGETS:
Buy local, patronise mum and dad business and local farmers organic markets.
Have 50% of my weekly expenditure go to non-multinationals within 3 months.
Have 70% of my weekly expenditure go to non-multinationals within 6 months.
Make the time to make more of your own food rather than buying pre-prepared and packaged food.
Have 70% of my food made at home within three months.
Have 90% of my food made at home within twelve months.
Sell what you have that you do not need.
Clear out non-used items and garage sale or otherwise sell them – 3 months.