Take Your Money Out of the Bank!

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FDIC Still As Bankrupt As Ever, DIF-to-Deposit Ratio At -0.38%

FDIC Still As Bankrupt As Ever, DIF-to-Deposit Ratio At -0.38% | Zero Hedge

"The FDIC's quarterly banking profile has been released. Inbetween all the fluff we find that the deposit "insurance" agency has exactly negative $20.7 billion to satisfy any upcoming bank runs and liquidations. Thank god for that ongoing Treasury lifeline. Atatched is a chart of the Deposit Insurance Fund-to-Deposit ratio. Negative is, well, bad."

FDIC To Go Bankrupt in 2009?

If you keep up with LRC, you probably already know that a major role of the FDIC is to give the public a false sense of confidence. Typically the FDIC keeps a little over fifty billion dollars in its Deposit Insurance Fund to cover the deposits of account holders in the event of bank failure. According to the data published on September 30, 2008, there is just under $8.8 trillion deposited in US banks. The fact that the FDIC has squat for cash to cover bank failures isn’t really news. So long as there are only three or four bank failures each year, the FDIC is able to cover the losses, and life goes on.

In 2008, however, there were more than three or four bank failures. There were twenty-five in total. As a result, the Deposit Insurance Fund has been drawn down to about $35 billion, of which approximately $20 billion is liquid. That’s still okay so long as there aren’t many more bank failures, but each quarter the numbers are looking more and more dreadful. Last we heard from the FDIC, there were 117 banks on its secret “troubled” list, which matches pretty well with my list of banks with incredibly high Texas ratios. If we add up the deposits for those troubled banks, we get a value of $76 billion. So, the FDIC has $20 billion to cover 76 billion dollars of deposits in banks that are on the brink of collapse. Things are looking pretty bleak for the FDIC.

So how many of those 117 banks would it take to fail in order for the Deposit Insurance Fund to completely dry up? The answer could be as low as three. For example, if Westernbank of Puerto Rico, BankUnited, and Ocean Bank go under, and mind you they each have Texas ratios over 110, the Deposit Insurance Fund will be completely bankrupt. In fact, if a slightly larger bank, like AmTrust (which has a Texas ratio of 86) goes under, it would only take one of the other three to bring the Deposit Insurance Fund to the brink of collapse.

Don’t worry, folks. Your money is safe, and the FDIC has everything under control.
 
The Beast (Bank) from the Earth?

The Beast from the Earth

[SUP]11 [/SUP]Then I saw another beast coming up out of the earth; and he had two horns like a lamb and he spoke as a dragon. [SUP]12 [/SUP]He exercises all the authority of the first beast [SUP][j][/SUP]in his presence. And he makes the earth and those who dwell in it to worship the first beast, whose fatal wound was healed. [SUP]13 [/SUP]He performs great signs, so that he even makes fire come down out of heaven to the earth in the presence of men. [SUP]14 [/SUP]And he deceives those who dwell on the earth because of the signs which it was given him to perform [SUP][k][/SUP]in the presence of the beast, telling those who dwell on the earth to make an image to the beast who *had the wound of the sword and has come to life. [SUP]15 [/SUP]And it was given to him to give breath to the image of the beast, so that the image of the beast would even [SUP][l][/SUP]speak and cause as many as do not worship the image of the beast to be killed. [SUP]16 [/SUP]And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, [SUP][m][/SUP]to be given a mark on their right hand or on their forehead, [SUP]17 [/SUP]and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. [SUP]18 [/SUP]Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is [SUP][n][/SUP]six hundred and sixty-six.

Doom for Worshipers of the Beast

[SUP]9 [/SUP]Then another angel, a third one, followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives a mark on his forehead or on his hand, [SUP]10 [/SUP]he also will drink of the wine of the wrath of God, which is mixed [SUP][f][/SUP]in full strength in the cup of His anger; and he will be tormented with fire and [SUP][g][/SUP]brimstone in the presence of the holy angels and in the presence of the Lamb. [SUP]11 [/SUP]And the smoke of their torment goes up forever and ever; they have no rest day and night, those who worship the beast and his image, and [SUP][h][/SUP]whoever receives the mark of his name.” [SUP]12 [/SUP]Here is the [SUP][i][/SUP]perseverance of the [SUP][j][/SUP]saints who keep the commandments of God and [SUP][k][/SUP]their faith in Jesus.
[SUP]
13 [/SUP]And I heard a voice from heaven, saying, “Write, ‘Blessed are the dead who die in the Lord from now on!’” “Yes,” says the Spirit, “so that they may rest from their labors, for their deeds follow with them.”

First Passover—Cleansing the Temple

[SUP]13 [/SUP]The Passover of the Jews was near, and Jesus went up to Jerusalem. [SUP]14 [/SUP]And He found in the temple those who were selling oxen and sheep and doves, and the money changers seated at their tables.[SUP]15 [/SUP]And He made a scourge of cords, and drove them all out of the temple, with the sheep and the oxen; and He poured out the coins of the money changers and overturned their tables; [SUP]16 [/SUP]and to those who were selling the doves He said, “Take these things away; stop making My Father’s house a [SUP][f][/SUP]place of business.” [SUP]17 [/SUP]His disciples remembered that it was written, “Zeal for Your house will consume me.” [SUP]18 [/SUP]The Jews then said to Him, “What sign do You show us [SUP][g][/SUP]as your authority for doing these things?” [SUP]19 [/SUP]Jesus answered them, “Destroy this [SUP][h][/SUP]temple, and in three days I will raise it up.” [SUP]20 [/SUP]The Jews then said, “It took forty-six years to build this [SUP][i][/SUP]temple, and will You raise it up in three days?” [SUP]21 [/SUP]But He was speaking of the [SUP][j][/SUP]temple of His body. [SUP]22 [/SUP]So when He was raised from the dead, His disciples remembered that He said this; and they believed the Scripture and the word which Jesus had spoken.
 
10 Signs the Global Elite Are Losing Control

Activist Post: 10 Signs the Global Elite Are Losing Control

Eric Blair Activist Post

Karma is coming for the elite in a big way. As the Powers That Be head toward a devastating defeat in their war plans for Syria, signs are emerging that their rule over humanity is rapidly diminishing.

Over the last decade the global elite have been on a mad dash to consolidate power over the world. It's always been their plan like some evil villain in a comic book, but after 9/11 the plan went into overdrive and then turbo charged during the financial crisis of 2008.

Yet it's doomed to fail because humans are meant to be guided by their own free will, not controlled like livestock. The more the elite try to control humanity, the more entropy occurs. Entropy, for those who don't know, is the lack of order or predictability; a gradual decline into disorder.

Although the elite still enjoy a huge wealth advantage over the masses, they are now resigned to behaving like tyrants to maintain control. This, in turn, exposes their dark side which has been cleverly concealed for ages. Not anymore.

People are waking up in droves, at least as fast as the elite can build their full-spectrum prison matrix. Let them try. To paraphrase Victor Hugo, "No army can stop an idea whose time has come."

1. Official lies no longer effective:
The lies they tell simply don't work anymore. There was a time when official lies, especially about war and peace, were believed. Because, after all, how evil would it be to lie about such things? Generally people want to believe they are being told the truth when life and death is at stake. The boy who cried wolf has cried one too many times. Even if they told the truth at this point, very few would believe them.

2. No confidence in politics:
US politicians have a paltry approval rating. The trust in government is at all-time lows here and around the world. Mainstream polls show only 10% of the public has confidence in Congress. In other words, 90% don't believe in them to be competent to govern.

3. No confidence in media:
The most recent polls show that 77% of the population no longer trusts corporate TV news. Is it any wonder why the establishment media failed to sell the lies about the alleged Syria chemical event? With all their monopoly might over the airwaves, they can no longer claim that black is white simply because officialdom says so.

4. Bankers rejected:
Hungary recently became the first country to follow Iceland's lead by shedding international bankers (IMF) and is considering pursuing prosecution of past prime ministers who enslaved the people with debt. Look for this trend to continue even if nations decide to default to break free.

Cutting Loose: Hungary pays off IMF debt, may eye EU exit

5. Vatican abruptly cleaning up its act:
Under the previous Pope, Pope Benedict, scandals erupted from the Vatican ranging from covering up pedophile priests to money laundering and fraud. Benedict, in an unprecedented move, abruptly retired to make way for a seemingly much more likable Pope Francis. Pope Francis by all measures is working furiously to reclaim the church's peaceful and humble reputation. Whether this is genuine or a PR move, it's telling that the church was forced into such a drastic turnaround to save itself from losing all credibility.

6. Mutiny among soldiers:
Finally. Soldiers, who are outlawed from making political statements, are steadily speaking out against US military adventurism. As Einstein famously said "The pioneers of a warless world are the young men (and women) who refuse military service."

7. Militarized police state:
One of the darkest signs that the elite are losing their grip on power is the construction of the militarized police state specifically trained to combat domestic civil unrest. Local cops with tanks and other combat gear are working with Feds at Fusion centers, active Army units are on American soil for the first time in history, the NSA spy grid is being used by the IRS and DEA, and the elimination of due process for Americans under the NDAA are just some of the tyrannical moves made to secure the elite criminals from public backlash. They're clearly scared, and they should be given what they've done to the American people and the Constitution.

Police State Too Much? Send in a Marine!

8. Serious secession movements everywhere:
A state seceding from a larger political entity used to be an ultra-fringe concept, until now. In America, secession movements are winning over the public in Colorado and California. In Europe, serious secession movements are happening in Spain and Scotland, as well as several EU nations flirting with the idea of dropping out the the euro. Entropy!

9. GMO food being rejected everywhere:
Control the food and you control the people. True in theory, but much more difficult in practice. GMO leaders like Monsanto are being exposed. All of their economic and political strength cannot defeat the spread of knowledge about the dangers of our pesticide-soaked Frankenfoods. GMO fields are being burned in America and around the world, informed nations continue to reject their products, and labeling laws are gaining traction.

10. Cannabis liberation:
Many reading this will think marijuana legalization is a superficial development. However, it is a major signpost that the elite's grip is fading. Enormous resources have been spent to keep cannabis illegal. Cannabis has been a powerful medicine for physical, mental, and spiritual health throughout the ages. This single plant represents a huge threat to the power structures and their industries, hence its seemingly senseless illegality. The approaching global reversal of the tyrannical policy of prohibition is the first of many concessions to come.

Harvard Study says Marijuana Cures Cancer

THC (marijuana) Helps Cure Cancer Says Harvard Study



​
 
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Dogs

Pink Floyd - Dogs HD (Animal Farm edit) on Vimeo

[video=vimeo;42401427]http://vimeo.com/42401427[/video]

You gotta be crazy, you gotta have a real need
You gotta sleep on your toes, and when you're on the street
You gotta be able to pick out the easy meat with your eyes closed
And then moving in silently, down wind and out of sight
You gotta strike when the moment is right without thinking.
And after a while, you can work on points for style
Like the club tie, and the firm handshake
A certain look in the eye, and an easy smile
You have to be trusted by the people that you lie to
So that when they turn their backs on you
You'll get the chance to put the knife in.
You gotta keep one eye looking over your shoulder
You know it's going to get harder, and harder, and harder as you get older
And in the end you'll pack up, fly down south
Hide your head in the sand
Just another sad old man
All alone and dying of cancer.
And when you loose control, you'll reap the harvest you have sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, all alone
Dragged down by the stone.
I gotta admit that I'm a little bit confused
Sometimes it seems to me as if I'm just being used
Gotta stay awake, gotta try and shake off this creeping malaise
If I don't stand my own ground, how can I find my way out of this maze?
Deaf, dumb, and blind, you just keep on pretending
That everyone's expendable and no-one has a real friend
And it seems to you the thing to do would be to isolate the winner
And everythings done under the sun
And you believe at heart, everyone's a killer.
Who was born in a house full of pain
Who was trained not to spit in the fan
Who was told what to do by the man
Who was broken by trained personnel
Who was fitted with collar and chain
Who was given a pat on the back
Who was breaking away from the pack
Who was only a stranger at home
Who was ground down in the end
Who was found dead on the phone
Who was dragged down by the stone.
 
Study: U.S. Could Default as Early as Oct. 18

(WASHINGTON) — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap, a new study predicted Tuesday.

The Bipartisan Policy Center analysis says the default date would come no later than Nov. 5 and that the government would quickly fall behind on its payments, including Social Security benefits and military pensions.

The think tank’s estimate is in line with a warning last month by Treasury Secretary Jacob Lew that the government would exhaust its borrowing authority by mid-October and be left with just $50 billion cash on hand.

(MORE: Treasury Secretary to Congress: U.S. to Hit Debt Ceiling in October)

The government has never defaulted on its obligations. Raising the $16.7 trillion borrowing cap promises to be a major struggle for House Republicans and President Barack Obama.

Two years ago Obama agreed to pair a $2.1 trillion increase in the debt limit with an equivalent amount in spending cuts spread over 10 years. But the president now says that he won’t negotiate over the debt limit and is asking Congress to send him a straightforward increase that would ensure the government can pay its bills.

In January, House Republicans permitted an increase in the debt ceiling without demanding offsetting spending cuts.

It’s commonly agreed that failure to increase the debt limit on time would roil financial markets and lead to a downgrade of the government’s credit rating. The political fallout would also be intense, especially if Social Security benefits are delayed.

Tuesday’s study predicts that if the default date — which is when the government cannot pay its bills in full and on time — comes on Oct. 18, the subsequent Social Security payments due on Nov. 1 could be delayed by almost two weeks.
 
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Canadian billionaire predicts end of US Dollar as world's reserve currency

[video=youtube;nX7J8-VTG08]http://www.youtube.com/watch?v=nX7J8-VTG08#t=13[/video]
 
Raising the debt ceiling doesn't increase the nation's debt...

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times' | CNS News

Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today.

In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:

"Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It's a basic function of making sure that the full faith and credit of the United States is preserved."

Obama went on to suggest that "the average person" mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt:

"It's always a tough vote because the average person thinks raising the debt ceiling must mean that we're running up our debt, so people don't like to vote on it, and, typically, there's some gamesmanship in terms of making the President's party shoulder the burden of raising the -- taking the vote."

But, isn't the fact that the U.S. has hit its debt ceiling "over a hundred times" - and, thus, has had to keep raising it - proof that raising the limit does, in fact, lead to increased debt?
 
Amendment X

Obama throws temper tantrum over vote to defund Obamacare, says military may not get paid | InvestmentWatch

[video=youtube;-my9hVoGv2M]http://www.youtube.com/watch?v=-my9hVoGv2M[/video]

Tenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia

The Tenth Amendment (Amendment X) to the United States Constitution, which is part of the Bill of Rights, was ratified on December 15, 1791.[SUP][1][/SUP] The Tenth Amendment states the Constitution's principle of federalism by providing that powers not granted to the federal government by the Constitution, nor prohibited to the States, are reserved to the States or the people.

Tenth Amendment legal definition of Tenth Amendment. Tenth Amendment synonyms by the Free Online Law Dictionary.

"For example, nowhere in the federal Constitution is Congress given authority to regulate local matters concerning the health, safety, and morality of state residents. Known as police powers, such authority is reserved to the states under the Tenth Amendment. Conversely, no state may enter into a treaty with a foreign government because such agreements are prohibited by the plain language of Article I to the Constitution."
 
Bill Clinton Selling Another Ponzi Scheme

Bill Clinton Selling Another Ponzi Scheme : Obamacare 'Only Works' If 'Young People Show Up' and Buy Insurance - 9/24/13 | XRepublic

[video=youtube;BjTOeBdzD2k]http://www.youtube.com/watch?v=BjTOeBdzD2k#t=67[/video]

9/24/13 - On Tuesday, former President Bill Clinton and President Barack Obama sat down for a discussion about the implementation of the Affordable Care Act. In the talk at the Clinton Global Initiative, Obama and Clinton dug into the "open enrollment" period beginning October 1st. Clinton noted that the ACA "only works" if health care costs are pooled and a healthy young people purchase health insurance.

"I think it's important for you to tell the people why we're doing all this outreach," Clinton said to Obama. "Because this only works, for example, if young people show up and even if they buy the cheapest plan, they claim their tax credit so it won't cost them much — 100 bucks a month or so."

"We've got to have them in the pools," Clinton continued, "because otherwise these projected low costs cannot be held if older people with preexisting conditions are disproportionately represented in any given state."

"You've got to have everybody lined up," he added.

"What happens is, if you don't have pools that are a cross-section of society, then people who are already sick or more likely to get sick, they'll all rush out and buy insurance," Obama agreed. "People who are healthy, they say, 'You know what, I won't bother.' And you get what's called adverse selection."

The president said that this is the reason why pooling costs is effective. "That's why big companies have an easier time getting good rates for their employees than small companies," he emphasized.

Obama said that young people can begin shopping for health insurance online on October 1.
 
Gold in Fort Knox is leased and no longer included in reserves?

World Bank: –ALL GOLD IN FORT KNOX IS LEASED– ( & Is No Longer Included In Reserves…..) | InvestmentWatch

"...The Federal Reserve says there is 241,000,000 ounces of gold in Fort Knox (& associated vaults)..
That would value the gold at $368 Billion in 2011.

In 2012, the year-end price was $1,657 yet the reserves FELL to only $139 Billion!!!!"

​

Total reserves (includes gold, current US$) | Data | Table

China 3,331,120,015,177

Japan 1,227,147,066,091

Saudi Arabia 656,464,468,331

Russian Federation 486,576,821,775

Switzerland 475,659,218,997

USA 139,133,877,266


Central government debt, total (% of GDP) | Data | Table

Central Government Debt (% of G.D.P.)

USA 2011 81.8%


Treasury Yields Fall to Lowest in 6 Weeks on Fed Stimulus Policy - Businessweek

Treasury 10-year note yields fell to the lowest level in six weeks as investors bet the Federal Reserve will maintain monetary stimulus as it awaits a pick-up in economic growth, stoking demand for government debt.

Treasuries (BUSY110) remained higher as the U.S. sold $33 billion of two-year notes at a yield of 0.348 percent, below a forecast of 0.354 percent in a Bloomberg News survey of seven of the Federal Reserve’s 21 primary dealers. The Fed last week maintained its policy of buying $85 billion of debt a month to put downward pressure on borrowing costs, causing investors to push back forecasts for when the central bank will raise interest rates.

There’s a “gradual acceptance by the market that the Fed will remain accommodative,” said Aaron Kohli, an interest-rate strategist in New York at BNP Paribas SA, a primary dealer. “The market is going to be grinding to lower yields over the next few months.”


Fort Knox

Texas (Kitco News) — U.S. Rep. Ron Paul , R-Tex., plans to introduce a new bill next year that will allow for an audit of US gold reserves, he told Kitco News in an exclusive interview.

Paul dropped the news in the interview, indicating that the bill still does not have an official name yet but will be unveiled at the start of the new U.S. Congress.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said of the Federal Reserve.

This is not the first time the congressman has made his pitch. “In the early 1980s when I was on the gold commission, I asked them to recommend to the Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to the audit,” said Paul. “I think there was only one decent audit done 50 years ago,” he said.

Though Paul did not say whether there is any truth to claims that there is no gold in Fort Knox or the New York Federal Reserve, he said, “I think it is a possibility.”

“If we ever get around to deciding we should use gold in relationship to our currency we ought to know how much is there,” said Paul. ”Our Federal Reserve admits to nothing and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?” he said.

fake-gold-bars-in-fort-knox-what-is-next-01.jpg


It’s one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.

But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.

A recent discovery — in October of 2009 — has been suppressed by the main stream media but has been circulating among the “big money” brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short, millions (with an “m”) of gold bars are fake!

Who did this? Apparently our own government.

In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!
 
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