It's Not Your Money

Hello, Frank here.

A couple of days back I ran across an interesting article by Michael Snyder, the author of The Economic Collapse Blog. Mr. Snyder puts out three to four articles per week on this blog site. He has many articles that are thought provoking.

This particular article really caught my eye, though. At one time or another, we all use banks. If you're on Social Security, or any other state or federal retirement system, then your checks are going to be

direct deposit to the bank. Yes, there are minor exceptions to the rule, but for the most part, all government type checks are direct deposit. Are you aware that when you put money in the bank, technically, it is not your money any longer? It is now the bank's money. The reason is, that you gave the bank your money for safe holding. 

Getting back to Michael Snyder's article. It's almost to the point where the government and banks working together, can now take your money.

You say, "This can't happen." You say, "This isn't Corsica." I remember when the banks in Corsica stole a percentage of their investors money. I know, stole is a harsh word. We don't like to accuse anyone of stealing, now do we? That's because it hasn't happened to us yet. But, when the banks in Corsica stole their depositors money, it was just gone. But that will never happen here, will it?

Let's pick a hypothetical number, ten years. What has happened or changed in the last ten years, that you said would never happen? Just think for a second. It doesn't have to be the economy. It doesn't have to be schools. Just give it some thought. Still think banks won't ever take your money? Then you are probably one of those people that believe that your government would never lie. And if you believe that, then you will find this article to be the funniest thing you have read in years. I choose not to mention politician's names directly, but we have a former president's wife, that if she is talking, she is lying.

Okay, back to the article at hand. Please read Michael Snyder's article, give it some thought. Think back about the changes for the last ten years, and ask yourself, "Does the government, or any of it's representatives, ever lie to us, when telling the truth would be just as easy?" The article is about banking, safe deposit boxes, and some of the illusions that we continue to harbor.

An interesting personal anecdote. A few weeks back, I closed an account that I had with a state agency. This particular state agency sent two checks. One of the checks I rolled over into another account, and one of the checks I wanted to put into my bank account. I went to my local bank, told them I wanted to deposit this amount. The deposit slip was filled out correctly. Without going into a lot of detail, I was not allowed to deposit this check.

So, I left that bank, went down the road a few miles to another bank, which I will call local bank number two. Filled out another deposit slip, handed it to the teller, he went and talked to someone in a big glass office, and came back and told me that the funds would be available in seven business days. I said thank you.

My questions are: Why did the first bank go through the time of telling me that my deposit check looked like it might not be real? Why did they tell me that if the check happened to be bad, and I wrote checks on the bad check, then I could get in trouble? I don't understand. Why couldn't the first bank just put the check in the bank and tell me that in seven business days I would have access to that money? Why did the first bank go out of their way to treat me like a criminal? I don't know.

By the way, bank number two. After eight business days, I went to the bank and asked if I could withdraw the deposit that I made eight days earlier. I was told sure. After I was given the cash, had left the bank and was sitting in my car, the teller came out to the car, actually it is a Jeep, and told me that she needed a copy of my driver's license. I guess I am some kind of a bad person. When I opened the account, I gave them a copy of my driver's license, and that was a few years back.

I get so tired of government regulations. What kind of light bulbs to use, how much water my toilet can flush, and etc., etc., etc., etc....... It is nobody's business how much water my toilet flushes. It's coming folks. It's been building for years. The government is trying to control more and more of our lives. Pay attention. Read this article by Michael Snyder, and for some of you that are predisposed, go back out and put your head in the sand. For those of you that can see, this is just one more example of our government tightening the noose.

We'll talk more later. Frank