It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors

[kenny blankenship]

1. Theft like this has already happened to Spanish depositors, as well

In the case of Spain, the banksters tricked depositors into thinking they could convert their deposits into shares, ie. "bank equity" that were safe like deposits. This was a preemptive screwjob compared to the rule changes buried in that FDIC-Bunk'o' England memorandum.

But when TSHTF mainly in the plain in Spain, these deposits/equity were vaporized, leaving no trace that the depositors might ever glimpse again, aside from the Mercedes cars and Gulfstream jets belonging to the bankers.
http://www.nakedcapitalism.com/2012/07/eurozone-screws-spains-citizens.html

It would be foolish to think that sort of thing can't happen here. (Just count the prosecutions of our criminal bankers, if you doubt it) Converting deposits in banks into worthless stock is cut from the very same template that was used in Spain.

In country after country, and episode after episode, the politically connected financial class are proving they can rig it so that they jet away free and clear with all the loot when their pyramids of fraud and shit collapse, and it will be everyone else -depositors, workers, taxpayers, penisoners- who gets left holding the bag.