An Update From David Fischer
There seems to be an underlying theme of two comments that are somewhat ongoing when talking about a Bail Out and a Bail in. As many of you know our government did a Bail Out for Fannie Mae, Freddie Mac, AIG, and GM in 2008 and 2009. This became so disturbing amongst Americans that many have said it will never happen again.
In talking about a Bail In that has already happened in 14 countries, in the last 5 years, people passionately say that if that was done in America there would be a revolt and rioting in the streets. In hearing these two comments from many walks of life, 100% of the time they haven’t done their homework on this subject. Therefore a belief or an opinion has been developed without knowing historical and factual events.
Obamacare
Did you ever think that in our lifetime we would have been forced to buy government healthcare insurance? Well it is here and it is the Affordable Care Act otherwise known as Obamacare. Is it affordable? Did your health care premiums go up? I have talked to thousands of people in 2015 and no one’s health care remained the same or went down. Everyone’s increased, some as much as 30%.
Annual fees are adding up to billions a year yet this money belongs to the public since it is deposited into the Treasury of the United States. Did you know that the text of the Affordable Care Act is clear as a bell on what money can be used for? The law states, “a fixed share shall be deposited into the general fund of the Treasury of the United States and may not be used to offset insurance company losses.”
A Taxpayer Funded Bail Out
In 2014, the White House tried to avert a disaster by promising insurers a taxpayer funded bail out, but public outrage and a quick action stopped that. Yet Obama is up to it again and doesn’t seem to care when he went against the law. On February 12th the administration announced that funds will be handed out to United Healthcare and Aetna, a whopping $7.7 billion this year alone. This is not just a lot of money it is also illegal for the President to hand out money to the insurance industry.
It’s All Greek To U.S.
Here is a classic case of a Bail Out, giving government money to shore up losses. This is also a Bail In, where the government went into funds to withdraw money. There is no rioting in the streets. Well maybe because it wasn’t affecting the average citizen. Maybe it is all Greek to us, or should I say it is all Greek to U.S.! The country of Greece is where the rioting has been done. According to a recent Reuter’s article, Greece has had 11 pension cuts since it signed up to its first European Union/IMF Bailout in 2010. Having all those pension cuts also known as a Bail In is what caused the upheaval in Greece.
In none of the other 13 countries was there rioting after they implemented seizing their citizens wealth through a Bail In. The main reason of that avoidance happened because their government issued a government bond that would pay their citizens back over time.
Setup For A Bail In
There has been a significant amount of setup for a Bail In to take place in the America. The International Monetary Fund, (IMF) has made it clear in their report that a Bail In needs to happen in America. If done properly before avoidance is needed, it would not distort behavior.
A Bail In is certainly not foreign in concept to our country. Our government in the last 3 years has gone into government pensions and funds 5 times to seize money with a promise to pay back.
Take a look at the unfunded liabilities of our country and greater than half of the $100 trillion shortfall is a direct result of the government taking money and promising to pay it back. Our government already has a name for the note they will issue for the Bail In, it is called a Government Retirement Annuity of GRA. Our country has been focusing on our citizen’s retirements and bank accounts. Through the Bail In, this would put a significant amount of money into buying Treasury Bills. According to the Treasury, we have had the largest sell off of Treasury Bills last year in 2015 than any other previous years. The Treasury has been collecting this data starting in 1978.
You may ask why that is important. Think with me for a moment, our government issues a Treasury Bill when we have over spent and need money to operate our country since we don’t have enough revenue in taxes. While this is happening our country’s debt has soared to $19 trillion. If the world backs away from holding our debt and now there is a massive sell off of our debt then who will hold the dollar? That my friend is where the Bail In comes into place.
Get The White Papers
Last month I wrote two new white papers that complement each other. The Coming Bail In is now an 8 page report of the details of this event. The second white paper shares how you can legally transfer your retirement into physical metals and take possession of them in your hands without a tax liability, called a distribution.
Contact Landmark Capital
Contact Landmark Capital today to get the most recent news on The Bail In. Ask for your copy of the two new white papers that will empower you with the facts to protect your hard earned money.