[GilGil]

It seems that the government has nationalized everything and when a crisis comes it is now legal for the banks to take depositor cash to use as they please without repaying. Ain't utopia fun?

[Mr. Jeeves]

Hey, depositors will get a Chase IOU - it's exactly the same as money. They promise. :)

[PGR88]

The corruption of this country began with the corruption of the currency and financial system in 1913 and the establishment of the Federal Reserve.

[Steely Tom]

Too bad I’ve never heard of “Greg Hunter,” or “USAWatchdog,” before in my life.

Sensational predictions require sensational proof.

[KarlInOhio]

It's either going to be the depositors or the government. I don't expect Jamie Dimon to come running in with his honeymoon money to pay for withdrawals.

[impimp]

Only socialists and Commies believe in FDIC. If you want your money to be secure then you evaluate the risks. I could care less if insolvent banks take depositor money.

[timestax]

ping

[Las Vegas Ron]

Bfl

[DoughtyOne]

Folks, if banks take your money, there will be no money.

What difference would it make if they take it or not?

When these banks go, we’re back to the barter system. That paper you have in your hands, hand it to the bank. It will be worthless.

[DeaconRed]

Well:
You will see White Riots, complete with looting & burning.

[Steely Tom]

Who is Greg Hunter? Do you know?

I can’t find anything on him using Google, other than that he has a blog called USAWatchdog.

[TexasFreeper2009]

FDIC is backed by the government, and the government can print unlimited money.

non-issue.

the real issue is whether the money will be worth anything.

[Lazamataz]

Jokes on them!!!

I'm broke!!!!

LOOOLLLLLLL!!!!

[Red Badger]

I would sooner trust the Mafia with my money.
At least they are honest.....................

[Bloody Sam Roberts]

when a crisis comes it is now legal for the banks to take depositor cash to use as they please without repaying.

If that happens, anyone seen wearing a suit will become a target.

[Buckeye McFrog]

In a way this is good. It will force people to start examining the stability and solvency of their bank before they put any money in there.

[Yollopoliuhqui]

Just watch this video:

The Money Masters

https://www.youtube.com/watch?v=Dq9yjt_JbWs

[familyop]

About Ellen Brown.

http://www.opednews.com/author/author7471.html

[redgolum]

Been thinking about this some more.

If/when this happens, the banking system will end. People won’t deposit anymore (which won’t hurt the banks much, you are not their main customer you are a product). What will happen though is large firms will start parking capital in something other than a bank.

Those firms are the real customers. Not the average Joe. If say, Apple decided to pull all of its funds and investments out of the US, it would crater the banking industry.

The only wild card is if the large banks cut a deal to protect the large firms.

[Varsity Flight]

“It seems that the government has nationalized everything and when a crisis comes it is now legal for the banks to take depositor cash to use as they please without repaying. Ain’t utopia fun? “

This paradigm was put in place in the 08 bailout. It never materialized so now......
Their cover is Extortion-Care for them and their stockholders “insurance” companies. No one is suppose to benefit from an Extortion-Care policy but them.

from the Deciever from the beginning...”Resist the diabolis, and he will flee from you.”