~NightSky

Many banks are teetering on the edge of insolvency.

“If you’ve been suspicious that the government and banking cartel have been purposefully trying to destroy the economy, it’s because they are – or at the very least they don’t care if it collapses. The plan is to eventually generate a crisis so bad that all of your assets suddenly disappear, triggering the SIPC insurance program to return up to a maximum of $500,000 to every individual with accounts at one of their member banks.

This will not be returned in dollars as that would be impossible. Instead, a new currency will be issued: a Central Bank Digital Currency, and your insured savings will be returned in that. Your only other choice will be to lose everything, so I think we can have high confidence that everyone will line up to take whatever deal they are given.”
By Tom Ford – (henrymakow.com)

Linked below is a very low level documentary along with the book it is based on. It discusses the astonishing and terrifying true nature of our financial system. Here’s a high level synopsis.

All tradeable securities (stocks, bonds, ETFs, etc) are held by central clearing banks in large pools. In a strict, purely legal sense, the bank owns these assets and you only own a “claim” to them. The bank uses virtually all of these securities as collateral to create derivative contracts and sell them to third parties. Those third parties are first in line to get paid if the bank’s assets (ie. your savings) have to be liquidated. You are last in line, meaning all of your assets, your retirement, and everything you think you own in your savings will be gone in a large enough banking crisis. Yes, this includes your 401K, your pension, and everything in your Robinhood portfolio.

This is completely legal. They’ve been slowly changing the laws and winning court cases for the last several decades to make this happen.

If you’ve been suspicious that the government and banking cartel have been purposefully trying to destroy the economy, it’s because they are – or at the very least they don’t care if it collapses. The plan is to eventually generate a crisis so bad that all of your assets suddenly disappear, triggering the SIPC insurance program to return up to a maximum of $500,000 to every individual with accounts at one of their member banks.

More:

https://henrymakow.com/2024/03/worse-case-scenario.html