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You will find some conflicting views from some of these authors. You will also find that all the authors are deeply concerned about the future of America. What they write is their own opinion, just as what I write is my own. If you have an opinion on a particular article, please comment by clicking the title of the article and scrolling to the box at the bottom on that page. Please keep the discussion about the issues, and keep it civil. The administrator reserves the right to remove any comment for any reason by anyone. Use the golden rule; "Do unto others as you would have them do unto you." Do not attempt to comment using the handle "Unknown" or "Anonymous". Your comment will be summarily deleted. Additionally we do not allow comments with advertising links in them for your products. When you post a comment, it is in the public domain. You have no copyright that can be enforced against any other individual who comments here! Do not attempt to copyright your comments. If that is not to your liking please do not comment. Any attempt to copyright a comment will be deleted. Copyright is a legal term that means the creator of original content. This does not include ideas. You are not an author of articles on this blog. Your comments are deemed donated to the public domain. They will be considered "fair use" on this blog. People donate to this blog because of what Anna writes and what Paul writes, not what the people commenting write. We are not using your comments. You are putting them in the public domain when you comment. What you write in the comments is your opinon only. This comment section is not a court of law. Do not attempt to publish any kind of "affidavit" in the comments. Any such attempt will also be summarily deleted.


Tuesday, March 16, 2021

Of Course, the Banks Are All Bankrupt -- by Definition

 By Anna Von Reitz

If you were in debt for ten times your net worth, would you be bankrupt?
Why, yes, you would be. And so are the banks.
This is the direct result of "fractional reserve banking".
If they are allowed to loan out ten times as much "credit" as they hold as "assets" they are in a constant state of bankruptcy by definition, and they are obviously "leveraging the margin", that is, they are betting that on any given day, they will be able to meet actual demand for cash withdrawals based on past usage patterns.
The only way they are able to pay St. Paul on Tuesday, is because St. Peter and ten other Saints didn't need their cash on that same day.
Essentially, the already bankrupt banks borrow our assets to maintain their cash flow.
Think about this folks: every time you deposit anything in a bank, it becomes their asset --- not yours. It is a liability for them, but they own and actually possess the asset.
Every asset in a bank is managed by a bank trustee and that trustee is there to manage the bank's interest in your asset.
So, if you make a "Special Deposit" of your Grandmother's jewelry and put it in a Deposit Box at your local bank, the bank trustee will seize it, have it appraised for insurance value, will insure it against loss. and sock it away.
All very good, you think.
But all of that is not done for you, that is done for the bank.
The next thing that happens is that the bank uses your actual asset to issue credit based on your asset.
Say that Grandma's jewelry collection is worth $40,000.00. Under the fractional reserve system, the bank will now be able to loan out seven to ten times that much as credit to other bank patrons, based on your asset.
This is all money of account, created as a ledger entry.
Here's the kicker, in a bank failure, you would not be able to get Grandma's jewelry back from the bank. You would be paid the value in fiat by the bank's insurance agent, but that's actually 7-10 times less than the actual value (to the bank) of the asset.
So as you can now see, both the banks and the insurance companies have reason to conspire to promote bank failures on a periodic basis, as this allows them to float credit and receive actual assets in return --- and so long as the banks and insurance companies are working hand in hand it doesn't matter which pocket the fiat paper money comes out of.
The already bankrupt banks can't go bankrupt, but they can pull this kind of surreptitious theft of actual "Special Deposit" assets via this kind of insurance fraud expedited by legal tender laws. And that is why we suffer periodic bank meltdowns --- so the banks and insurance companies and governmental services corporations can glom onto actual assets in exchange for paper.
It works the same for your house as it does for Grandma's jewelry.
In the 1930's they didn't even bother to pay depositors back in paper.

The utter fraud involved in all of this should now be apparent, but if it is not, listen to two minutes of Godfrey Bloom's testimony to Parliament:


Feds Confiscate Guns in Flathead Valley With 30 Vehicles, Three Tanks, and Helicopter

 https://montanadailygazette.com/2021/03/15/feds-confiscate-guns-in-flathead-valley-with-30-vehicles-three-tanks-and-helicopter/

Heretofore ignored by the legacy press and mainstream media, in February, federal authorities invaded a neighborhood in the Flathead Valley with militarized police and terrorized its occupants with what appears to be Waco-level tyrannical overreach.

-----------------------

Read the article then tell your State Senator to vote for HB258 which would stop this in Montana

Do this TODAY.   This hearing is today, March 16th, 2021

Here is what I wrote to the members of the Senate committee that is hearing this bill.

Please vote yes on HB 258 to prevent dangerous raids on law abiding Montanans like the raid in Kalispell in February 2021.

This is exactly the kind of dangerous activity on the part of out of control government that we don't need.  These so called "laws" that the Democrats are pushing are what is making America dangerous to live in.


Vote yes and send HB258 to a full vote.

WE NEED TO DOUBLE UP on our support of HB 258 which is "AN ACT PROHIBITING THE ENFORCEMENT OF FEDERAL BAN ON OR REGULATION OF FIREARMS, MAGAZINES, AMMUNITION, AMMUNITION COMPONENTS, OR FIREARM ACCESSORIES; 

For full language https://leg.mt.gov/bills/2021/billhtml/HB0258.htm

SENATE JUDICIARY COMMITTEE

Keith Regier (R, Kalispell) 406-756-6141 Keith.regier@mtleg.gov;

Tom McGillvray (R) 406-698-4428 Tom.mcgillvray@mtleg.gov;

Diane Sands (D, Missoula) 406-251-2001 senatorsands@gmail.com

Bryce Bennett (D, Missoula)  406-546-3629  Bennettformontana@gmail.com;

Bob Brown (R, Thompson Falls) 406-242-0141  Bob.brown@mtleg.gov;

John Esp (R, Big Timber) 406-932-5662  johnesp2001@yahoo.com;

Chris Friedel (R, Billings)  406-272-2245  chris@chrisfriedel.com;

Steve Hinebauch (R)  406-365-7967  steve.hinebauch@mtleg.gov;

Theresa Manzella (R)  406-546-9462  Theresa.manzella@mtleg.gov;

Susan Webber (D, Brownin) 406-450-1894 nitzitap@3rivers.net


REPUBLICAN SENATORS

goodwind1.duane@gmail.comMark.Blasdel@mtleg.govkenneth.bogner@mtleg.govBob.Brown@mtleg.govmcuffe@interbel.netJason.Ellsworth@mtleg.govjohnesp2001@yahoo.comsteve.fitzpatrick@mtleg.govmrmac570@me.comBruce.Gillespie@mtleg.govcarl.glimm@mtleg.govgreg.hertz@mtleg.govsteve.hinebauch@mtleg.govBrian.Hoven@mtleg.govDavid.Howard@mtleg.govBob.Keenan@mtleg.govmike.lang@mtleg.govtheresa.manzella@mtleg.govTom.McGillvray@mtleg.govbrad.molnar@mtleg.govryanosmundson@gmail.comkeith.regier@mtleg.govwaltsales4montana@gmail.comdan.salomon@mtleg.govj2thedsmall@gmail.comcary.smith@mtleg.govRuss.Tempel@mtleg.govvancesd34@gmail.comJeff.welborn@mtleg.gov;

 

DEMOCRAT SENATORS:

bennettformontana@gmail.comCarlie.Boland@mtleg.govEllieMarieBoldman@gmail.com;;  Jill.Cohenour@mtleg.govJanet.Ellis@mtleg.govpat.flowers@mtleg.govfbbuffalo@yahoo.comJen.Gross@mtleg.govedie.mcclafferty@mtleg.govMary.McNally@mtleg.govshane@shaneformt.comobriendumke@gmail.comjp.pomnichowski@mtleg.govChris.Pope@mtleg.govSenatorSands@gmail.commasween@hotmail.comnitzitap@3rivers.net