How Your Bank Could Steal Your Money, by Bill Bonner

From Bill Bonner, on a guest post at theburningplatform.com:

(Still) Waiting for Greece
The Dow ended the week back above 18,000 points, despite all the hand-wringing over a potential Greek default.

Gold fell back below the psychologically important $1,200-an-ounce mark.

It is a wait-and-see period.

We are waiting to see what will happen with Greece, for example.

An emergency summit will be held today in Brussels to determine its fate.

A Heinous Accusation …

But before we get to the Greeks, we rise to our own defense. Last week, a reader leveled a heinous accusation – a dirty blow, beneath the belt, outrageous, and hideous. He implied we were a closet Democrat. Can you imagine?

Our escutcheon sullied … our dignity impugned … our intelligence and savoir faire challenged in such a defamatory manner! Wrote Diary reader Bud S., in response to our recent series, “The Good, the Bad, and the Ugly” (To catch up, here’s Part I, Part II,Part III, Part IV, and Part V):

“Commenting on Bill’s current list of ugly people, it seems like the common denominator is that they’re all Republicans.

Hmmm … How can you have a list of ugly people without a Clinton or an Obama on it?

Hmmm … very interesting, guess you can make of that what you will.”

Let us assure readers we are not now, nor have we ever been, a Democrat. Not even with a small “d.” We confess that in our youth – our lungs filled with the gas of civic virtue and our head with delusions of democracy – we once pulled the lever for Jimmy Carter.
As presidents go, he was not the worst. But we quickly realized our error and swore off voting forevermore – a pledge that we have solemnly honored ever since.

If our barbed words seemed to prick Republicans lately, it is only because – at least as far as the zombie wars are concerned – they are the loudest and dumbest jackasses in the field.

Yes, there are plenty of Democrats in this pasture, too. But you get the impression that their motives are purer. They are just in it for the money. And the Imbecile Vote – which is, of course, decisive.

Showdown in Europe

Back in Europe it is like a showdown in an old TV Western. Greece on the one side… Germany on the other. Each in the street, facing off, waiting for the other to blink an eye or draw his gun. And waiting … And waiting …

One deadline passes. Another approaches. If we had money in Greece, we’d definitely want to make sure our passport was up-to-date and our savings were outside of the country. Apparently, there are a lot Greeks with the same idea. The Wall Street Journal reports that cash outflows from Greek banks doubled in the last four days. The smart money is voting – to leave.

To continue reading: How Your Bank Could Steal Your Money

http://www.theburningplatform.com/2015/06/24/how-your-bank-could-steal-your-money/