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Under an Obama /Biden Law, during a banking crisis, such as one that will be brought in by a covid19 multi month shutdown, the banks can legally take your money. This is how they will steal your wealth.
posted ago by BillGateCanSuckIt ago by BillGateCanSuckIt +16 / -0

https://www.quora.com/Did-President-Obama-pass-a-law-that-would-allow-the-government-to-confiscate-your-bank-savings-account?share=1

https://thenewamerican.com/obama-administration-plans-to-seize-401k-retirement-accounts/

In the event of another banking crisis, derivative payouts (beyond huge) owed by the bank take precedence over unsecured loans (your money).

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– DangleBarry 2 points ago +2 / -0

Good thing I'm pretty much broke.

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– BarrBQ 2 points ago +2 / -0

Ahahaha... go ahead, bank, take my negative $12!

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– 4cdarth 1 point ago +1 / -0

So, start withdrawing all our money from banks?

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– Philhelm 1 point ago +1 / -0

There would be bloodshed over that for sure.

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– NoMoreMao 1 point ago +1 / -0

Yep.

Leave very little money in your banking accounts. Only the amount you need for expenses.

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