Our Banking System is in Shambles

Several years ago the taxpayers of this nation bailed out several large banks in denominations so large they are nearly impossible to comprehend.  (http://projects.propublica.org/bailout/list )  The idea was that we needed to “prop them up” or get them “back on solid ground.”  In my opinion that type of bailout doesn’t fix a problem, it simply empowers the problem to continue or perhaps even make it worse.  In fact, I would contend that the bailout of the banks, as well as the car companies, and others, by enlarge has moved us closer to the edge of economic Armageddon.  But that is a conversation for a different day.

As a result of the “Too Big to Fail Bailouts”, our Nation passed the Dodd Frank Act which was supposed to protect us from having to bailout banks again.  Like much legislation that has been passed in recent memory, it hasn’t really changed anything for the better.  (http://www.usatoday.com/story/opinion/2013/07/22/dodd-frank-wall-street-reform-economy-column/2572929/ ) In fact, you could make the case that it has setup the Federal Government to take even more control of banking, in turn taking more control of money, and setting up a more likely Government takeover of banking.  Imagine what kind of a mess the Feds could make out of the banking system if they controlled it entirely?

Having experienced first hand the problem of Federal influence in daily banking decisions, I don’t trust the Feds or the Banks to even hold my money.  Unfortunatly, given the mostly cashless society that we live in, it is nearly impossible to get along without at least some money in a bank.  The Feds and the Banks are, I believe, in cahoots to get more and more of our money.  Yours and mine! Don’t believe it?  Take a look at this article from Ellen Brown:  http://www.huffingtonpost.com/ellen-brown/banks-confiscation_b_2957937.html and if you aren’t a Huffington Post fan, take a look at this segment from a recent 60 Minutes episode:   http://www.youtube.com/watch?v=JhW0uXlOQJs  The Government is setting themselves up to have unfettered access to our money so they can “tax” us at will.  Make no mistake, they want 100% of our wealth.

These kinds of signs are all over the place.  They are not political, they are factual.  You don’t have to be a genius to see the far reaching, dramatic, and extremely scary scenarios that will be presented to us in the near future.  It doesn’t matter if you are the staunchest conservative, the most radical liberal, the strongest Tea Party supporter, or a fierce Libertarian, you can’t escape the effect of these policies on our economy, and worse on our money.

If we expect to make any significant change to the direction our country is headed, we need to take back control.  The best way that I see that is by keeping our money away from the Feds as much as possible.  No, I am not suggesting we don’t pay taxes.  Taxes are necessary and important.  What I am saying, is that we make sure that the Feds only get what they are due and that we keep as much as we possibly can out of their control.  There are several ways to do that, but lets face it, money in Federally Insured Banks, or Government sponsored retirement programs, like 401K’s, are not safe in any way shape or form.  Find a place to park your money that is outside of the Feds control.  If enough of us do so, we might just be able to create a movement that will change the direction our Country is headed.

If you are interested in learning more about money and how we can change course, here is a good read. It really is a book, so it will take some time and commitment, but it’s well worth the time.  http://consultingbyrpm.com/uploads/HPBRW.pdf  If you don’t want to read the book, feel free to get in touch with me, I would be more than happy to correspond or speak with you about these topics.

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