Banks - Biggest 'Accepted' Ponzi Scheme - Hidden Financial Collapse

in #banks7 years ago

Hello Cryptomanics!

For most of you who are involved in crypto, you people already know the biggest scam that exist today; Banks. I wanted to give you people what I look at from time to time to track the ticking time bomb of the banks. However, for the ones that don't know or that chooses to completely ignore this massive ponzi scheme ready to unfold, please stick with me here. First I'm going to explain it in a way that made sense for me since I'm considered average with my knowledge so I expect the same from someone else who tries to explain things to me. So lets begin.

Banks Function

It's pretty simple, you deposit your pay cheque from your job and you either pay bills with it, tuck it away into your savings, speak to the in house advisor about your investment goals, etc. The most obvious common knowledge is that banks must pay you interest if you hold your funds in a savings account. People get an understanding that banks loan out the same funds, charge an interest, and from that interest, the banks give you a percentage per year paid out monthly.

The Concept of a Bank is Simple Right?

Too simple that it makes this scam the biggest in our lifetime that is about to unfold. Follow the money path here. Lets assume that the banks are allowed to lend 100% of all the money in your bank account.

Person #1 - Deposits $1000 pay cheque into TD Bank

TD Bank lends out Person #1 $1000 to Person #2 as a car loan.

Person #2 goes to Car Dealership to make his/her first purchase.

Dealership Owner deposits the $1000 from Person #2 into business bank account at CIBC.

CIBC lends out the $1000 to Person #3 as a credit card.

Person #3 buys groceries at their local grocery store worth $1000 for the month.

Grocery Store Owner deposits $1000 into their business bank account at BMO.

At this point you get the picture. All it took was 1 real form of hard earn money from person #1 to fund this ponzi scheme and its clearly visibly hiding in plain sight. If you don't believe me all it takes is for you to look at a banks financial report and it will state the cash on hand, deposits and securities. I've included CIBC's 2017 financial statement to show you how it's getting worse year over year and there is no politician that can stop the eminent financial collapse.

Screen Shot 2018-01-22 at 11.22.37 AM.png

So near the bottom of the image it will show you that the cash, deposits and securities total roughly $107 Billion CAD while the total in loans sits at $365 Billion rounding down. How the hell does this make sense?How is it possible that a bank can loan out 3X more then what they have sitting in the bank accounts? Please I urge you to look at the same column amongst other banks and you will see that they all illustrate the same bullshit across the board. The only difference is the size of the cash versus loans.

When is it all going to end?

Again, I'm no guru because if I can answer that then I would be a billionaire myself. The only thing that you can do to prepare yourself is to scale out of your investments and start looking into things that will be valuable when people start to lose faith in the paper currency that they hold.

Investment Protection Idea

  1. Gold and Silver
  2. Farm Land that is self sustaining
  3. Solar Power coupled with the Tesla Battery
  4. Vertical Gardens (Start growing your own food)
  5. Cryptocurrency (This is going to need a lot of due diligence)

The time to start planning for this collapse is now, not later because while the current market is all rosy, hitting all time highs, you should start looking for the exit.

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