Freezing of Bank Accounts : A New Threat for Savers

Savers are getting strangled by regulations – now new laws are threatening their assets and limiting their freedom.

Bullion.Directory precious metals analysis 24 August, 2017
By Philippe Herlin
Financial Researcher at GoldBroker.com

A new nail should be driven in the savers’ coffins, according to the very serious Reuters press agency: the freezing of bank accounts in order to avoid any bank run. Thus the savers will be totally immobilized, at the mercy of the next financial crisis, ready to be plucked like ducks.

Let’s be clear: for the time being, this is only a project – officially.

Reuters just put out this document from the European Union Council, presided by Estonia since July first. The freezing should last five days – or up to 20 days in case of “exceptional circumstances” – and clients would still be allowed to withdraw a minimal sum… how gracious!

The Estonian presidency wishes to come to an agreement with the Council before the end of its mandate, December 31. So the ball is already rolling and this may happen very quickly; it is certainly too late to stop it now.

Let’s see things from another perspective: this information leak is planned by the European Union, via Reuters, in order to test and accustom the people to a new setback of their rights, just like a vaccine inoculates a small dose of poison into the organism so it is ready when a larger dose hits.

There have been no public reactions at all: no minister has denounced this infringement of the savers’ fundamental rights, no editorialist has reached out to the media outlets to condemn this scandal… no, the economists were talking about something else, like the “French economic recovery” (what a joke!). Anyhow, the fact that there has been no outcry after such a nefarious announcement obviously means the green light is on for the EU.

So, one should expect this new regulation to be put in place soon. In fact, it is coherent with other means: in order to loot the accounts and freeze life insurance, they first have to block massive withdrawals when the crisis approaches and rumours start to grow. One has to admire the strategic coherence of the state/banking lobby…

Thus, the saver is stuck… as long as he remains with a bank. It is becoming more and more imperious to get out of the banking system – just leave a little bit of cash in your account for your day-to-day transactions and get the rest of it out!

Put it in physical gold outside of the banking system (first choice), in Bitcoin, in real estate or in other tangible assets. One has to be prepared: savings equals foresight.

 Previous Post

China's Get the Gold Plan: Part II

Next Post  

Gold Price Reverses Partially as Markets Refocus