Bank Bail-In can now seize your bank accounts.

Millions of Americans lost their jobs in the Great Depression, and one in four people lost their life savings after more than 4,000 U.S. banks shut down between 1929 and 1933. Bank depositors lost nearly $400 million when their bank accounts were seized.

In 1933 Congress passed the Glass-Steagall Act to prohibit bankers from using depositors’ money for high-risk investments – this provision was repealed by the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, signed into law by Obama. But the FDIC provisions of the 1933 Glass-Steagall Act remain intact. This FDIC insurance is now the extent of your guarantee — if you are lucky enough to collect.

The FDIC insurance fund can only cover one third of one percent of deposits. If your 401(k), IRA, or an annuity, exceeds the FDIC guarantee, then you are at risk. In the Great Depression only 25% of people lost their life savings. The next bank collapse misery will be worse.

The 2010 Dodd-Frank law created new government agencies to oversee the American financial system and the economy. It was written by Wall Street banking lobbyists. What could possibly go wrong? Speaking of Wall Street insiders controlling the government, don’t miss my essay on The Purpose of the CIA.

The act also removed any option for future government bail-outs of banks. It allows the largest banks to take money directly from its unsecured creditors.1 YOU are an unsecured creditor. The Dodd-Frank law deemed the largest banks “too big to fail” and gave these banks the power to enforce these unlimited bail-ins. Instead of the prior policy of taking money from federal bail-outs, big banks can now take bank accounts directly from their account holders.2

Private bank accounts can now be confiscated in order to resolve any financial crisis. This means that the banks you depend on to hold your savings, 401(k), and IRA accounts are now some of the riskiest places keep your wealth.

With the U.S. debt now surpassing $27 TRILLION and increasing each day, every American (man, woman, or child) effectively owes over $82,000. Per taxpayer, your fair share of this debt is $219,000. (see This is a greater per capita debt than Grece and Italy 3 – And their banks had bail-ins and their economies suffered from internationally imposed austerity measures.


What this really means is that bank accounts are by law owned by the bank—not by you, the depositor.

Their terminology “legal owner” did not show up in Black’s Law Dictionary until the 1979 edition.
Notice that “the title may actually carry no rights to the property.”

Depositors in European Union countries have suffered bail-ins trying to save their failing banks.4

The bank has a “provisional responsibility” to the depositor. This “provisional responsibility” may be honored by the bank, meaning the bank may give you stock instead of your money, if your deposit is confiscated to make up for a shortage in the legally required reserves needed to function. But the stock of a failing bank might not be worth anything. *

You may receive stock in a totally different bank from where the original money was deposited. If you think your bank is safe from such an event, some of the biggest banks in the United States—JP Morgan, Chase, Citigroup, and Bank of America—fall into the category of “too big to fail” banks.5

You could end up with a stack of stock certificates instead of the cash needed to pay bills.

Unfortunately, this is completely legal and could very well happen. Just like the bank bail-out that occurred in 2008, your money could be used to save the “to big to fail” (TBTF) banks during any possible economic crashes economists have been warning the nation about.6


Wall Street is still fighting financial reform despite the billions they made during thebail-out of 2008.

  • The total corporate bond debt is $6 trillion and there is $2 trillion in junk bonds inissuance.
  • The national debt is over $20 trillion and growing billions every month.
  • Adjustable rate mortgages are popular again.
  • The FDIC Insurance Fund contains just $33 billion in assets, while bank deposits total more than $9 Trillion.
  • Big banks are now bigger than ever.


*If this drastic action resembles the military term “comendeer” there is a reason. You are an enemy of the state. When the FDR socialists seized our gold coins in 1933 the Trading with the Enemy Act of 1917 was amended to include U.S. citizens. The 1933 banking laws are still in effect. Title 12 U.S. Code section 95(b) gives the Secretary of the Treasury pre-approved authority to control you with “actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken…”.


1.Congress.Gov. (2010, July 21). H.R.4173 – Dodd-Frank Wall Street Reform andConsumer Protection Act.

2.Best, Richard. (2016, September 7). Why Bank Bail-Ins Will Be The Next Bail-Outs. Visualizing Your Country’s Unsustainable Debt Per Person.



6. The Big Bank Bailout.

7. Wall Street Survivor. (2013, December 6). 2008 Financial Crisis: 10 ShockingFacts That Prove We Didn’t Learn Anything.


My article Banks are the Enemy of Capitalism.

My post Biden’s Plan to Tax the Rich.

Biden’s Plan to monitor bank accounts

Biden Lied about federal authority to deficit spend

Pelosi’s Infrastructure Laws are Unconstitutional

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