Dodd-Frank Act & New Financial System

in news •  2 years ago 

"The QFS can and will transplant funds into a bank account so a person can transfer funds to their own bank account but the desirability will become less and less as the banks go into receivership and their customer’s deposits are confiscated to avoid the Bank’s demise."
https://dinarchronicles.com/2023/02/14/restored-republic-via-a-gcr-update-as-of-february-14-2023/

"Banks will be closed and there will be a lot of uncertainty and confusion. Some businesses will be temporarily closed. Some of those that remain open may accept cash, other will only accept gold or silver coins. Credit cards will not be accepted as the system will go down. There might be moderate problems with distribution chain, it is wise to stock up some food and gasoline.

Revaluation (RV)

After about 1 week from the Event

There might still be light problems in the distribution chain.

New financial system will be introduced. It will be backed up with Yamashita gold. That gold will be stored in locations that are not to be disclosed yet. Yamashita gold will not be traded in open markets. Basket of currencies such as US dollar, Euro, British pound, Swiss franc, Japanese yen and Chinese yuan will form the basis of this new system.

Those banks that did not have strong connections with Federal Reserve and did not go bankrupt will reopen. They will not be allowed to charge interest. All their accounting will be fully transparent to the public. Stock market will not reopen."
https://goldenageofgaia.com/2012/04/29/the-new-financial-system/

"A bank can legally confiscate its clients' money in the event it needs to stay afloat, and most retail investors are not aware of this, said Lynette Zang, Chief Marketing Analyst at ITM Trading, who stressed that such legislation is already codified in the Dodd-Frank Act."
https://www.kitco.com/news/2023-02-08/Your-bank-can-legally-confiscate-your-money-it-is-too-late-to-stop-The-Great-Reset-CBDCs-Lynette-Zang.html

"The bad news is that these large Wall Street banks can now legally bail themselves out internally (referred to as “bail-ins”) using depositor funds.

Thanks to Dodd-Frank, if you happen to hold your money in a savings or checking account at a bank, and that bank collapses, it can legally freeze and confiscate your funds for purposes of maintaining its solvency."
https://www.theepochtimes.com/how-dodd-frank-made-it-legal-for-banks-to-confiscate-funds-during-a-banking-crisis_3097779.html

Banks to Seize Your Money in Coming Financial Crisis Warns David Morgan

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