Subject: Confiscation Scheme-Bank Deposits Make You an Unsecured Creditor


EAGLE ALERTS     

  Eagle European Capital, LLC        " A prudent person foresees danger and takes precautions." Prov 22:3 NLT        
June, 2013

 
Dear , 
 

Most people are not aware that as soon as you deposit funds into a bank, the funds are legally owned by the bank. Depositors become unsecured creditors holding IOU's or promises to pay. We the people are the largest class of unsecured creditors. I repeat unsecured creditors.  Please read this article to understand more about the banking scheme. What the elite enacted in Cyprus is expanding. They are now targeting the depositors in New Zealand.
  
Regards, 
 
Jill Taylor Gordon
 

It Can Happen Here: The Confiscation Scheme
Planned for US and UK Depositors
Posted on March 28, 2013 by Ellen Brown

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.  

New Zealand has a similar directive, discussed in my last article here, indicating that this isn’t just an emergency measure for troubled Eurozone countries. New Zealand’s Voxy reported on March 19th:


The National Government [is] pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts . . . .
Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.

Can They Do That?
Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOU's or promises to pay. Click Here to Read Complete Newsletter
 

   
 
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Kindest Regards,
 
Jill Taylor Gordon, CEO
Eagle European Capital LLC

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