You might want to pay attention to this. From Nick Giaumbruno at internationalman.com:
Henry Ford once astutely observed that a revolution would occur overnight if people truly understood the banking and monetary system.
That’s because modern banking is an elaborate illusion—one that lulls people into a false sense of security… until it’s too late.
Large banks can fail within hours, and life savings can vanish overnight.
The US banking system is particularly vulnerable.
So, why do so many people place their confidence—and life savings—into such a fragile system?
It’s because they don’t understand three fundamental truths about modern banking:
#1. The money isn’t yours.
#2. The money isn’t actually there.
#3. The money isn’t really money.
Truth #1: The Money Isn’t Yours
Many people are shocked to learn they don’t actually own the money in their bank accounts.
Once you deposit money, it’s no longer your personal property—it legally belongs to the bank. And they can do whatever they want with it.
What you do own is simply a promise from the bank—an IOU—to pay you back.
