Thursday, November 21, 2013

NSA To Oversee Your Bank Account?

One of the most respected "institutional minds" talks about today's "delusional market climate" and the potential that the NSA may soon oversee your bank account.


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(King World) Today a 42-year market veteran warned King World News that the NSA is going to be overseeing individual bank accounts and wealth.

John Hathaway, who is one of the most respected institutional minds in the world today, and whose fund was awarded a coveted 5-star rating by Morningstar, also discussed the NSA’s invasion of privacy, the skyrocketing price of Bitcoins, as well as what all of this means for the gold and silver markets.

The other thing which I think people are just simply not aware of is the fact that we are living in an absolutely delusional market climate. This is the intention of policymakers, to tighten the screws on private wealth. We had none other than Larry Summers speak this weekend about transitioning to a cashless society.

This would allow monetary authorities to achieve even lower real interest rates, and quite likely lower nominal rates. This would force people to spend.

A side effect of this is that everything is going to be digitized. And if you think we have problems with the NSA now, just wait until your bank account and your wealth are basically all in a digital format for regulators and lawmakers to look at.

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10 comments:

  1. Still don't think its time for revolt? You're fooling yourself if you DON'T think so.

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    1. How can a bunch of political correct people start a revolt ? No hitting, no cussing, no calling names and above all no defending yourself. How long would that last.Especially when its always the fools that are our leaders.

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    2. Sure is time for a revolation

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  2. This comment has been removed by the author.

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    1. The same ones that bitched about it when the Republicans ruled the House and Senate ! 3 Biggest Crybabies Then > Reid > Obama > Pelosi

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  3. Someone is Blocking The Stoty .

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    1. Is this the first story that you have realized is being blocked? I have Verizon yahoo and so many articles in the past 5-6 months have been blocked on my computer. Facebook is the worst. Especially videos pertaining to Obama. We are all being watched a listened to. At first I thought it was problems with my computer. Had it checked out thoroughly, no the computer. Major censorship is happening. This "regime" wants everyone to just go about playing their games and living in their own little cyber world so they have no interference from the public. If Congress is not taken back by the Republicans in 2014, Americans will have no choice but to revolt if they want their freedom. When it comes to our bank accounts, 2 weeks ago I decided to close my savings account (small as it may be) and the bank INSISTED I give a REASON that I was withdrawing my money. It is none of their business why it is my money. So I told them the truth. I was taking it out so Obama could not take it at his will. It is in Obamacare bill that our government can now go into our checking, savings and investment accounts and take the money without notification or permission. Obama has also written it into the laws pertaining to the conditions of "Martial Law". If everything goes digital paper money won't be worth the paper you wipe your butt with. But I will not let our government have it, as small as it may be.

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    2. Good for you. I wish my husband would wake up.

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  4. Although this information has been known for a long time, the suckers still think that the ACA is just fine. They do know know about many other little juicy parts of the bill, either. I have been trying for about 3 months to keep my checking account as low as possible, but, still have to write checks to pay the bills.
    I would like to keep it even smaller than it is, for the reason that Anonymous states.

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    1. I do the same thing. Only keep as much money in the bank as needed to pay bills. The banks really don't pay nothing in interest anyway. The feds also have a plan to TAKE your savings and IRA/401K money from you to pay the countries debts. They claim they will dole it back out to you montly after you retire! This is NOT BS! Read up.

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Posted By: Chris Carmouche