Today on The Janssen Report (#86): as of right now YOUR bank deposits are no longer considered money! Your deposits are now going to be eligible for confiscation when your bank/financial institution is about to collapse. Your savings and checking account are equal to ‘paper investments’, giving them less priority in a bankruptcy settlement than for instance:

(Quote: ZeroHedge)

Liabilities that the bank has by virtue of holding client assets

Liabilities arising with an original maturity of less than 7 days owed by the banks to a credit institution or investment firm

Liabilities arising from participation in designated settlement systems

Liabilities owed to central counterparties recognized by the European Securities and Markets Authorities… on OTC derivatives, central counterparties and trade depositaries

Liabilities owed to an employee or former employee in relation to salary or other remuneration, except variable remuneration

Liabilities owed to an employee or former employee in relation to rights under a pension scheme, except rights to discretionary benefits

Liabilities owed to creditors arising from the provision to the bank of goods or service (other than financial services) that are critical to the daily functioning of its operations

This is the new policy as agreed by the G20 on Sunday November 16, 2014. Remember the Cyprus 2011 bail in? That’s pretty much the template for this.

For now your deposits are still protected (in the UK the government guarantee protects 100% of deposits up to the value of GBP 85,000 in the EU up to EUR 100,000) for as far as it is secured, although you must realize that the protection funds only cover a small portion of the damage in case of a larger bankruptcy wave across the financial sector!

Watch this episode of The Janssen Report here:

Educate yourself, act and become self-reliant. Stay tuned to The Janssen Report!

Sources:

– ZeroHedge: http://www.zerohedge.com/news/2014-11…
– The G20 official website: https://www.g20.org/
– UKIP’s Nigel Farage warned about this back in April: https://www.youtube.com/watch?v=Dvn8o…

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Cheers!

Marco Janssen