Here's How Banks Can Legally Seize Your Accounts

Banks don’t need your permission to legally seize your deposits. This is how you can protect your savings.

Written by Clayton Keirns
TrendingPolitics

WARNING - Your Bank Accounts Are Not Safe.

Did you know that the money you see in your bank account is not actually "your money" anymore?

And that very fact means that they can actually seize your money whenever they want.

Yes, any money you have ever deposited is technically a "loan" you have made to your bank. The bank then takes your money and loans it to others, and they make money based upon the differential in interest rates as well as fees.

Here's the bad news:

If the bank is on shaky financial ground and your money is sitting in bad loans, this ultimately becomes the problem of the creditor, i.e. you, the individual. 

Shockingly, 99% of the population has no idea that this is even possible.

This is called a "bail-in".

These "bail-ins" help rescue corrupt banks and financial institutions because responsibility is transferred from taxpayers (in the case of a bail-out) to depositors, which in this case, is YOU. 

How To Protect Your Money From These Corrupt "Bail-Ins"

So will a "bail-in" likely happen? With our economy heading towards a possible recession, inflation at an all-time high and the housing market in a bubble, uncertainties are looming over the head of Americans. 

Will banks be able to willingly hold your money if another 2008 scenario crash to take place? Well, in addition to what happened in the recent years in Canada, Greece, Cyprus and Venezuela suggest that it's likely possible. In fact, Lebanese banks have seized millions of accounts for the past two years where the depositors are on a financial lockdown. 

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