People must understand the imminent risks to their checking and savings accounts, which the government could seize. This is not a distant threat, but a pressing issue that requires immediate attention and collective action against current banking practices.

Once a haven, the U.S. Banking system has undergone a significant shift in perception. It has now become the riskiest place to park your money, surpassing the insured threshold of $250,000. This shift should immediately raise concerns for those with substantial savings and investments.

The FDIC insurance limitation is $250,000 per depositor. Deposits in the few banks that are too big to fail, which the government owns, are the only safe place. If they give directions to political parasites, then a future bailout will happen as it did in 2008.

Article:

When Washington Mutual collapsed, it triggered the most significant bank meltdown in the U.S. since 2008. Silicon Valley Bank was taken over by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) was appointed as the receiver. With deposits totaling $ 173 billion, only $250,000 per depositor was insured. This meant that only $4.8 billion of the deposits were fully insured, leaving a staggering $ 168 billion to be absorbed by the Bankruptcy Court. This legal process enables individuals or businesses to have their debts discharged or reorganized. Still, it also highlights the potential risks associated with banking, including those introduced by the Dodd-Frank Act.

There is a direct U.S. debt of $37 trillion, unfunded and underfunded obligations of between $160 trillion and $200 trillion, and mysteriously missing or unaccounted-for monies of $21 trillion (approximately $65,000 per person in the US). Since the bottom half of taxpayers contribute 2.5% of the taxes, and the top 20% contribute 83% of the taxes, the debt of the top 20% is over $6 million per taxpayer.

As a result, we face significant economic challenges because the government does not intend to pay past, current, and future commitments. The strategy is to kick the debt down the road and hide it from public scrutiny. Just create more debt through executive orders or pass more phony stimulus bills into law to ensure the purchase of future votes. Every aspect of government spending today is a giant Ponzi scheme hidden to purchase votes.

The government's propensity to create and pump seemingly unlimited trillions of new fiat currency into the economic system. Injecting absolute fiat currency has and will continue to occur under the guise of monetary stimulus and financial improvements.

Alternative Investments:

Among the best alternatives are purchasing real estate trust deeds or mortgages with protective equity. These investments offer a tangible asset and a potential for significantly higher returns. Making a loan for $100,000 when the appraised value is $150,000 is a good bet. You have a 33% equity cushion, providing a safety net for your investment.

While trust deed investments offer potential returns, they also come with risks. It's crucial to spread your investments across many options and diversify your capital. This strategy empowers you to invest wisely and mitigate potential losses.

Debt Clock:

https://www.usdebtclock.org/

It is estimated that 40% of the government's money is created out of thin air, which dilutes the value of the hard-earned currency and the corresponding work effort. Members of the working class work, expend effort, earn income, and pay taxes for the remaining 40%.

The government merely creates new money without effort, work, or competition. It can allocate 100% of whatever it creates from fiat to its preferred pet projects, university funding, non-governmental organization funding, agency funding, secret projects funding, bureaucratic pay raises, healthcare, or defense. Favored groups, such as labor unions, both public and private, and monopoly institutions like public education, are always taken care of, which no productive enterprise can accomplish.

Another reason is the U.S. Federal Government's policies toward forced/mandated near-zero interest rates for savings and lending. Zero-Interest-Rate Policy (ZIRP) is the term used to describe this policy. ZIRP is a monetary policy tool that sets short-term interest rates at or near zero, effectively reducing the cost of borrowing and encouraging spending and investment. However, it also means that savers earn little to no interest on their deposits. Those days have finally ended, only 36 months (about three years) too late.

The Zero-Interest-Rate Policy (ZIRP) has had a profound and lasting impact on banking savers and investors who put their money into real estate and other capital-intensive assets. This is not a temporary situation but a new norm. ZIRP encourages excessive risk-taking and speculation, disregarding market fluctuations as if all investment assets will continue to rise indefinitely. This irresponsible policy has led to a bubble in all asset classes. It's crucial to be aware of these changes to protect your investments.

The ZIRP policy constituted the government's expropriation of private assets. It includes the unconstitutional taking of private property (banks, checking, and savings accounts) away from tens of millions of hard-working folks who prefer earning interest income, liquidity, and immediate access to cash.

ZIRP was a fraud perpetrated against the public and constitutes the most significant massive transfer of wealth in the history of the world. Governments openly promote this policy as their solution to generating positive economic activity. At the same time, corporations and governing elites are entirely in control of mainstream media. Mainstream media are their lapdogs, receiving advertising dollars. The mainstream media and large corporations have mutually beneficial symbiotic relationships.

Wall Street banks use a 'financial repression' strategy to balloon high-leveraged profits and artificially inflate stock prices. Financial repression refers to government policies that result in bank depositors earning interest returns significantly below the inflation rate. This means that the interest you earn on your savings isinsufficient to keep pace with the rising cost of living, effectively erodingthe value of your money over time.Banks can provide low-interest loans to consumers, corporations, and governments, thereby reducing their debt burdens. The banks can also invest the same capital in risky derivatives contracts.

Depositors have always been cheated because this process creates inflation, which reduces purchasing power, but corporations and governments benefit.

Misappropriating wealth from the public works beautifully when Wall Street banking oligarchs and giant corporations are 100% in control of the government. Through lobbying and political contributions, the elite group in control can engage in a form of institutionalized theft. They have taken corporate and bank stocks on an unimaginable upward trajectory.

The term 'bankster' is pejorative, implying that the banking industry may generate profits through illicit, highly irregular, or unethical practices. The term is a portmanteau of 'banker' and 'gangster', suggesting that some bankers may operate like organized crime. The process may be legal, but exploiting one subset of the population (usually the middle class) for the benefit of another (upper-class financial elites) is highly unethical. This exploitation is unsustainable, and it's time for the public to be aware and demand change.

What would happen if the depositor public acknowledged the fraud perpetrated against them and, as a result, created an action plan to withdraw most of their money from the banking system all at once? How about a national and international run on the bank? How about the public deciding to keep most of their deposits in cash or movable assets, such as gold, silver, or cryptocurrencies? How about people getting fed up and discontinuing the purchase of all unnecessary items?

Between ZIRP and the issuance of unlimited trillions of fiat currency into the system, we have created a giant bubble of everything in the world that has ever existed. The only actual beneficiaries are the wealthy 1% who operate with high-leverage formulas referred to as financial repression. Since these individuals also control the government, this becomes a form of monopoly crony capitalism, a recipe for self-gain.

Issuing fiat currency is not backed by a physical commodity, such as gold or silver, but rather by the government's full faith and credit, which underpins it. The U.S. can only get away with this because of its position as a world reserve currency holder. Nothing else! There may come a time when purchasers of U.S. sovereign debt dry up, and no one will agree to invest in our treasuries.

The third reason is the cancellation of the fractional reserve banking system, which has been in place in the U.S. since 1791. Banks must keep a small fraction of deposits as cash on hand and available for operating capital or withdrawal. As of March 26, 2020, the fractional reserve banking system was replaced with a zero-reserve system.

Banks are no longer required to keep reserves on hand for safety. If a bank needs extra cash for excessive depositor withdrawals, it can borrow money overnight from the Federal Reserve.

Economic losses were and will be transferred to the public. If the economy crashes, these same banks will demand a bailout for their financial troubles from the U.S. taxpayers. They can rely on getting bailouts because the elites who control banking are the same elites who control the government.

The fourth and equally dangerous reason is the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Can the government legally confiscate your checking and savings accounts?

Yes, confiscating your checking and savings account balances is possible for many hard-working families. The fact that you and your family took significant risks over many years to invest and accumulate substantial savings accounts does not create protections. The Dodd-Frank Act of 2010 includes provisions that allow for the seizure or confiscation of private checking and savings accounts from individuals.

This confiscation process of private party assets is designed to protect insolvent giant banking corporations (Federal Reserve Banks), phony government (FDIC) insurance promises, Wall Street Corporate Investments, and the administrative State. The status quo remains well-established and is the goal.

The Dodd-Frank law from 2010 has provisions for a Bail-In in place of a Bail-Out in the event of bank defaults:

A mechanism for any subsequent bank bailout is now in place and ready to trigger immediately. The government-backed bail-out of large banks and financial institutions that become insolvent and default for any reason will now be rewarded with a bail-in provision. The Federal Deposit Insurance Corporation (FDIC) will oversee the orderly liquidation of banks that default.

An orderly liquidation of the insolvent bank(s) transfers wealth away from individual private parties onto the accounting books of the significant (defaulted) banking institutions. The depositor's checking and savings assets will be legally seized or legally frozen and swept (confiscated) to keep the defaulted banks solvent. Dodd-Frank allows the government to seize up to 50% or more of an account's balance.

Your safety deposit box contents may also be frozen and confiscated. The potential risk should serve as a reminder that keeping anything in a bank safety deposit box is a bad idea. At the same time, as a declaration of bank insolvency, bank stockholders will lose their stock equity. Stockholders of the banking corporations will lose their equity unless they are friends of the government (FOGs) and will expect to be bailed out, which is the usual case. Crony capitalism occurred from 2007 to 2008. It has not changed.

In exchange for confiscating and losing the privilege of owning your hard-earned money in checking and savings accounts, private depositors may be given an equivalent number of shares (stocks) in otherwise insolvent banking entities. They are given draw rights in the future for a small percentage of the account balances not confiscated. The process would force the public to accept an illusory or phony future asset in exchange for the hope and promise of receiving it back for up to 30 years. A net present value calculator would show that the depositor, whose assets have been confiscated, has been underwater from the beginning, waiting for up to 30 years.

Poof, you may be driving to work listening to the morning news, and you hear something that does not sound real. You may have heard on the radio that the government has lawfully stolen your checking and savings accounts. Leaving a portion of your savings in your bank account and making it available for withdrawal will be designed to reduce rioting and social discord.

Digital Currency System:

The Federal Reserve is exploring the use of virtual currency as a potential replacement for paper currency. Early adopters sell the replacement system as potentially beneficial for consumers without bank accounts.

The benefits are guesswork and challenging to measure, but the downsides are significant. All forms of digital currency would be traceable, taxed, and manipulated to benefit preferred groups and political beneficiaries.

Those non-compliant individuals or political enemies could be temporarily or permanently barred from accessing the system. How would you like to make your rent or house payment, go to the grocery store and gas station, and discover that you have been locked out of the system? Could you consider having credit cards as a backup? Credit cards may also be frozen because the government controls credit card companies.

A bail-in action by the government would be easier with a financial system of digital currency.

Remember the phrase, You can take it to the bank. The catchy phrase means that a third-party source can verify something as accurate. The question is assumed to be reliably safe. The new saying should be: Do not rely on receiving your money back if you deposit it in the bank. You are better off with your deposits held in small regional banks or, better yet, state-chartered credit unions.

I have researched the above subjects through various data sources. There may be conflicts, especially with time and different data sources.

In Part II, I will expand the conversation to include the actions taken by the U.S. Government and large financial institutions that are detrimental to checkers and savers who maintain balances in their chosen banks.