Your Money in the Bank – Do You Realize What You Are Doing?

And if putting your money in the bank were not enough risk, knowing what your chances are of getting anything at all when there is a run on the banks, consider what Article 43 has to say: Article 43, Senate Documents, 73rd Congress, 1st Session, March 9 – June 16, 1933. I quote a couple sections in this article, entitled “Contracts Payable in Gold.” On page 4 it states, “...the Supreme Court said... that in such case the law was well settled that the depositor parts with title to his money and loans it to the bank.

And if that is not enough of a shocker that you give up the title of your money to the bank into which it is deposited, here the legal definition of a dollar just a few sentences later on page 5: “The dollar, consisting of 25.8 grams of gold nine-tenths fine shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity.” “This has not been repealed.”

The public simply does not realize that by depositing money in the bank that you are giving up title or ownership to that money and are loaning it to the bank. That concept or law being on the books explains a lot of things I have heard from ex-stock brokers and ex-insurance agents over the years. Candidly, they have told me that when they were trained for their positions they are instructed that when a person invests money with a brokerage firm or an insurance company that the money then becomes the institution’s money and it no longer belongs to the client.

Therefore, they are taught to use any method of “persuasion” necessary to keep that money behind their doors and not release it to the client. These brokers or agents are taught to intimidate, coerce, lie, talk about diversification, threaten, or basically do anything and everything in their power to keep that money behind their doors. Hundreds of people through the years have told me their own horror stories of these broker/agent, Mafia, scare techniques in trying to keep their money in the bank.

And, furthermore, that paper with ink on it we call money is not real money anyway. It is fiat (false) money, not real money (gold). In contrast, we have a debt instrument called a Federal Reserve Note printed by the Federal Reserve, not gold coins issued by the Secretary of the Treasury of the United States. So this is the story with money in the bank.

The only way out of this fiat-money paper trap is to convert as much of your paper 'money in the bank' that you don’t want to lose into gold as soon as you can.