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  • MichaelfromTheEconomicCollapse

    If you have not had a chance to listen to it yet, you can find my recent interview on TruNews posted here…

    And if you enjoyed the program, please let Rick Wiles know. 🙂


    • GiantM

      Oh my gosh Michael, I’m 10 min into the broadcast and Idk how much more I can take of Alan Colmes before you come on….lol.

      • winniekate

        I’m with you – can’t stand that dude.

        Just have to slide the thingy over (white space where it says ‘Tuesday April 2’)


      Appreciate the interview Michael. You can certainly back up your data in a verbal manner. Impressed. Pls let know when your novel comes out – would like to get a copy in a Kindle format. Thanks.

  • karryokie

    Vanguard keeps pestering me to go paperless.I always decline.I always keep the previous month’s statements from them and from the banks.

  • none

    Great articles Micheal:
    Now I know why you had that few days gap since your last one.
    Also, why haven’t the IMF required the bankers responsible for this mess to be jailed?
    I am sure the people of Cypress would “go along” with it if they are losing their money?

    • MichaelfromTheEconomicCollapse

      I have had some family stuff recently, so that is why I missed a few days. 🙂


      • RICHARD

        you could of fooled me.

      • Handog

        Glad you’re back at the keyboard. Hope the fam. Is okay. I too have been looking forward to your next article.

  • K

    Totally agree about keeping the paper statements. If I make a deposit, in one of my accounts. I paperclip the deposit slip to my last statement. Once again the problem is with the big banks. For now I will stick with the smallest, stable banks I can find. And properly insured credit unions are fine as well.

  • Kt

    “All your ‘Bank Account’ are belong to us!” -The Bankers

    • Hambone

      That’s outstanding!

  • Jodi

    Well isn’t that special. Technology is so wonderful right?

    • DownWithLibs

      We will pay for this “over-dependence” some day…or maybe even today.

      • Ralfine

        Remember the phrase “keeping all eggs in one basket”?

        Just don’t do it.

        Use your brain and do some risk management. If you use technology, learn what it can do and what it cannot do.

        Traditional pictures and negatives can keep for decades. Early CDs had a lifespan of 10 years. But only if you kept them in the dark most of the time.

        Paper can keep for centuries.

        etc. etc.

        Copy your old backup CDs after 5-8 years onto brand new CDs. for example.

        We were running our operations in Asia from servers in Japan, mostly for political reasons. When the building was destroyed by an earth quake, we had a backup server in a different city and backup data tapes in bank vaults of a different city. So recovery did take as long it took to bring the backup server and the backup tapes together.
        And this was trained before by different staff.
        So, after the earthquake the recovery team powered up the new servers and got the tapes of the last backup out of the bank vault. And then just waited until the Internet was connected to the rest of the world again.

        • DownWithLibs

          Yeah, I’m guessing it’s time to get my pictures off of the SD cards. Sooner the better!

  • DownWithLibs

    This is why I continue to do everything the old fashioned way. It never hurts to have a paper trail. People, including friends, keep trying to prod me to do everything in a virtual way. Guess what? If we have a major problem with a shut-down internet or this cyber warfare, if everything you have is online, you will be in a real fix. Paper trail, people. It’s a good thing!

    • Ralfine

      Just do a simple test. Throw your papers and computers into the pool, then try to read your records. It doesnt matter whether there is water in the pool or not. in either case the paper records will survive better.

    • krinks

      When my Grandfather died in 1984, they found $11,000 in his mattress. He lived through the days of old where banks closed and took everyone’s money.
      We should go back to this today.

      • Ralfine

        Now banks remain open, just the computers screw up and you don’t get cash at the ATM. Or they get new cleaning staff that unplugs the server in the morning to power up her vacuum cleaner.
        Or they use cheaper power strips from China where the contacts are held together by spit and bubble gum. (Do not touch! or they may fall apart)
        In England the banks could remain closed if there are three snowflakes on the road and the worn out tyres lose their grip and nobody gets to anywhere in time.

        So, it’s always prudent to have some cash somewhere.

    • Makati1

      Paper records? What records? That is proof of nothing. I can print out a bank statement and in a few minutes of magic manipulation make it any amount I want. Do you really think a piece of paper will mean anything? I don’t. Not unless it was issued by the bank and on bank stationary with a bank official’s signature, and even then you may not be able to prove anything.

      When they take it, you will NOT get it back. FDIC is a lie. Ask the Cypriots if theirs was worth anything? The government was going to take anywhere form 40% to 6.7% of their accounts in spite of the ‘insurance’.

      Can’t happen here? LOL. $4 trillion in insured deposits. $33 billion in actual money to pay claims. You do the math.

      • Ralfine

        I don’t think the government took anything in Cyprus. The banks took the money and spent it on gambling (stock market, unsecured loans, derivatives, etc.). By the time they asked the government and the EU for help all the money was gone.

        What the EU did was, they said we will give you money so that your depositors don’t kill you right away, but we will only give you 50% of what your books say you had.

        And then the depositors blamed the EU and the government to take their money, when in fact the bank managers took it home as bonus to buy gold and jewellery for their wives and mistresses. That’s where the depositors should look for their money.

        • europa3962

          wrong, The banks in Cyprus bought Greek sovereign debt. When the Troika forced the haircut on Greek debt they signed the death warrant for the Cypriot banks. It was only a matter of time before they folded and needed their own bailout. The Troika only cares about the Euro proect. They sacrificed Cyprus. Ask Greece, Portugal and Spain how they are doing. We are watching the death of the EUro

          • Ralfine

            Thats what I said. They gambled the money away. Did somebody force them to buy greek debts? They speculated and they lost.

    • DiscouragedOne

      I don’t want my bank statements mailed, I can print them out myself at home.

  • Ralfine

    If you dont keep paper records, it is your own fault.

    Dont blame anyone else for your laziness or tardiness.

    Get a punch and some boxfiles and file everything. At the end of the tax year or calendar year scan everything in and archive the paper in paper envelopes. 20 years bank and tax records take up the space of a shoe box.

    • winniekate

      well, really BIG shoes.

    • Makati1

      Been there done that until the mice got into the box and made a nest. Now I have everything (two pages per year -1099 & 1040) in an envelope in the safe. Sometimes being retired is a lot easier than being a wage slave. Nothing in paper or electrons where it can disappear at someone’s whim.

      • Ralfine

        Yes, mice can be a problem. I lived all my life in stone houses. Seen mice only dead on the road or on the plate in China.

    • Blackhawk

      I really do not think that holding any bank statements would help because the banks will reject them if there are no records left to compare. Anybody with a computer and a printer could produce a fake statement if it cannot be checked against bank records.

      Now there are secure records in all the banks, but those can be conveniently destroyed and blame the same angry mob which will be raiding all the banks in case of a total wipe out of funds.
      Just a thought!

      • Ralfine

        There are still the courts. You could sue banks for theft and fraud if they deliberately claim they don’t know where your money is.

        And if you have a paper trail going back years, that’s more evidence the bank can provide.

        If you assume EVERYBODY will suddenly turn bad and against you, you really are screwed, because EVERYBODY includes yourself.

        • Makati1

          Ralfine, do you really think the courts are going to do anything? Wasn’t it just a few months ago that someone stole $1B in gold belonging to clients and he is still free and not one ounce has been returned to it’s owners. You are nothing to the banks or the courts unless you are one of the 1%…. Next case!

          • Ralfine

            Are you talking about Texas wanting its gold back from the fed?

        • Blackhawk

          You have a very good point and it makes one feel good about the system and the justice within it.
          Positive attitude must be employed and a certitude that everybody will jump to help everybody else when the edifice is collapsing under its own burden.

  • Scott

    Mainframe computers that banks use are frequently backed up to remote disaster recovery/data centers, and the backup media/tape is stored in highly secured areas, separated and rotated frequently. So the risk that data would be permanently lost in a cyber attack is minimal, although such an attack by hackers could cause a major disruption for a period of time. I think the bigger risk to the banking and financial system is with the global debt/derivatives crisis and Cyprus style confiscation.

    • MichaelfromTheEconomicCollapse

      Yes, I certainly don’t deny that hackers could not destroy all of the backups.

      But a terror attack or a false flag terror attack could potentially destroy them. Or the banks could purposely destroy those records themselves.

      I personally don’t trust the security of the banks. We have seen how they have “lost” thousands upon thousands of mortgage documents, and when those mortgage documents were needed for foreclosures they sometimes recreated them out of thin air.

      People can have blind faith that the banks know exactly what they are doing when it comes to security, but I do not think that is wise.


      • Ralfine

        You need to keep backups in different places and on different media.

        Usually large corporations have real-time copies of everything on several servers around the world. And each of the servers is doing backups and storing the backup media off-site.

        If you have a bank office in Hong Kong, and which bank doesn’t, you need to comply with Hong Kong law regarding financial records. And for fraud and/or corruption you land in prison, guaranteed.

        This is what globalisation does. Companies need to comply with all laws where they are present.

        That’s why it is companies that are interested in harmonization and standardisation of all laws around the world.
        That’s what the EU does – harmonization of the laws and standards and regulations of European countries, to facilitate trade.

        If your product complies with EU law, you can sell it in all EU countries.

        It’s like ISO standards – common ground negotiated over many years and finally agreed upon.

    • Syrin

      Three EMPs and it’s game over

  • Not American

    Get a job Drama Queen. Stop feedin’ the Bad News addicts.

    • markthetruth

      You Can’t Stand the Truth ha.

      the end…

    • Handog

      Is that you Obama ?

      • Jodi

        It’s some troll blogging in his moms basement George Soros hired.


    The money in my bank account has already disappeared, It was self inflected, I am not stupid.

    • Makati1

      Smart man! You know where it is 24/7/365. ^_^

      • RICHARD

        Thanks Makati 1 May I add just because I got most of my money out of the bank it doesn’t mean we are all safe.Our money could become totally worthless just as quick. I am watching Gold and Silver if it drops much more I might be buying some more. If any thing will hold any kind of value Gold and Silver will, but they are not a sure thing.Lots of food and water and a way to protect it and yourself and family is the only sure way..It is really getting spooky out there especially with N.korea rattling their chains.

        • jaxon64

          I think the drop in gold and silver at the same time we are seeing these other events in Europe and the Dow is a harbinger.
          The powers that be/banksters/politicos/wall streeters are all intentionally driving the value of PAPER gold and silver down through shorting it on the market. Demand is as high as ever soooooo…
          Pure speculation but I wonder if the smart idea of the masters of money is to drive down commodities and metals right up until a giant false flag or economic calamitous event. Then the first few days of confusion will see huge selling from the fake Dow highs and gobbling up of the under valued commodities and metals and prices which are intentionally being subverted?….just speculation but if I was a greedy b–tard I might do it this way.

          • SysReboot

            the central banks and markets have put a cap on gold now. the only people who will really profit from gold are those with huge stocks already. the little man doesn’t stand a chance.

    • Syrin

      Yep, I did the same thing two years ago

    • jaxon64

      I also keep only minimal amts in the bank to cover on-line bill payments.
      A HUGE tip for all of you who are withdrawing cash weekly from direct deposits or cashing paychecks–keep your withdrawl slips !!
      We already have a govt that makes you report cash transactions for amounts as little as $3000–or lists you as a potential terrorist if you’re using cash or a $100 bill to buy supplies/food. Keep records to prove that a holding of cash you may have was obtained honestly by saving over time.
      You don’t want a govt confiscation or saying you are a suspected drug dealer or terrorist and “holding” your cash until “everything gets cleared up.”

  • GiantM

    So Michael,

    Is it safe to assume that even Credit Unions are not immune??

    • Mondobeyondo

      Credit unions are safer than banks, but they are by no means immune to financial hiccups.

    • El Pollo de Oro

      GiantM: When the banksters get ready to rob bank accounts in The Banana Republic of America just as they did in Cyprus, credit unions will be raided along with accounts in the “too-big-to-fail” banks. The atrocity in Cyprus demonstrates that the banksters are every bit as evil, every bit as ruthless and every bit as corrupt as Alex Jones and Gerald Celente have been saying they are.

  • markthetruth

    i tawt i taw a puddy tat ” WAT MUDDY ”

    the end…

  • Mondobeyondo

    Got this new concept for a TV game show. Let’s call it “Catch-22”!! (Sounds even better than “The Price is Right”!!)

    You have part of your life savings invested at your favorite bank. BOOM – your bank collapses! Au revoir, life savings! Whatcha gonna do now? Sell your jewelry? Sell apples at a street corner?

    You have the rest of your life savings invested in a 401 (k) or stock market mutual fund. BOOM -stock market collapses! What now?
    At the moment, mutual funds seem to be a safe bet. At least you may make some money from those, as opposed to traditional bank savings accounts and CD’s. What’s the interest rate for those now? .00006 percent?

    [Disclaimer: This is just Mondo’s opinion, of course.]

  • Aeffesstoo

    and it’s gone…

  • Handog

    “What would you do if you logged in to your bankaccount someday and it showed that you had a zero balance?”

    Someday? Someday? I’ve been working my a$$ off for a quarter century. Paying my taxes. In 2008 all my belongings went back to the money changers (Bank).
    Looking back, it was just an illusion of wealth. It was theirs all along. What have I done? I’ve spent what little I have on Beans, bullets and band-aids. Oh, by the way, since I know the Feds are reading this, here’s my message. Go F your self.

    • <3 good answer!

    • markthetruth

      Just wait until China Bubble Implodes, it’s going to turn the world upside down Their trying everything to hide it but it is coming. Now Japan , if everyone prints the Sum of the Game = 0 , then who could out print the other… This is the end of the beginning.

      enjoy your life no matter what.

      the end…

      • Hammerstrike

        No bubble, they are preparing for the day when most of the world´s ressources goes to them…

      • Ronald Cummings

        The “American Dream” is a bubble. really a nightmare waiting to manifiest. sept 13th 2015

        • djww

          Yep…you are spot on with that…every seven years.

    • Mondobeyondo

      I logged into my bank account today, April 4th.
      It showed a negative balance.
      Yeah, looks like I’m screwed, for the time being at least.

    • Roger Smith

      Couldn’t have said it any better myself. They (The Banksters) look at us as one giant heard of livestock, to be worked for a lifetime and our efforts harvested for their gain. Well, my message to them is “Homey don’t play that.” This beast of burden is leaving the ranch….

  • Makati1

    They would get less than $200 total in all of my accounts…lol. I sleep well at night.

  • Blackhawk

    A false flag financial cyber attack it’s becoming very plausible under the current conditions. It would accomplish 3 goals at least in globalist agenda:
    1. It would cover all the mess the banks created without loosing credibility in the system.
    2. It would rob everybody instantly without a trace of the culprits.
    3. it would create the “Shock and Awe” element of surprise needed to usher in a totalitarian regime.

    • Andrew Mango


  • chilller

    Banks are reviled and hated yet we keep our money there. We want banks to suffer but not us. There’s a price to pay to put an end to the lawlessness we witness today as we are hostages to TBTF banks. I don’t keep anything in a bank except bi-weekly pay checks, took my 401k out years ago and don’t contribute to it anymore. For one, I would gladly take the hit to see our corrupt financial system brought down by whatever means possible. The system needs reset and to do this, we must be ready to bleed a little ourselves. Otherwise our slavery to these criminals will only get worse.

    • anne

      I liquidated by 401K’s also, except at my current employer, all I can do is quit contributing. They won’t let you take it if you still work there. Love how it is ‘my money’.

      • Dman

        Same with me. Thinking of just taking out a loan and holding onto the money. If the market crashes I will still have some cash, though it might be worthless.

  • K

    Per CNBC. Italy delays 50 billion dollar loan payback

  • HeeBeeGeeBeez

    People need to understand what putting money into the bank actually is. When you put your hard earned cash into a savings account, checking account, or other account (like an IRA or CD)….you’re actually investing that money (for little to no return).

    As with all investments, if the bank makes bad decisions, your investment could be at risk or be forfeited.

    Given the events of this year, my confidence in the banking industry is pretty low. Aside from some money in my checking account to pay bills, I’ve pulling every dollar out.
    People today wonder why, during the 1930’s, people put their money in mattresses. Well, here’s the reason.

  • Larry

    I just found this notice on the home page of our local bank:

    ***Please be advised that all signature
    based debit card transactions originating in California are currently being
    blocked for your protection with the date being extended until further notice
    due to continued fraud in that area. This means you can go to the store and
    complete a sale using your pin number but you cannot run a sale through your
    debit card as a “credit” transaction. It is also likely any internet
    transactions using your debit card originating in California will also be
    declined. This action was required due to excessive fraudulent activity
    originating in this state. If you plan to travel to California please see one
    of our branches for a Gift Card solution. Additionally First Texoma National
    Bank has permanently blocked signature based transactions in the following
    countries: Spain, UK & Luxemburg. This action was required due to excessive
    fraudulent activity originating in these countries and is for your protection.

    Please continue to check your accounts and report
    fraud immediately. Call us during business hours or
    1-800-791-2525 on
    nights, weekends, and holidays to stop your card. Some local merchants may
    process your card for authorization through a location we currently have
    blocked. This may cause your card to be denied.

  • bob klinck

    Governments today can do anything to anybody without repercussions to the bureaucrats applying abuse. I learned this painful lesson 25 years ago when the administration of the House of Commons stripped me of my university degrees from a major Canadian university. I’ve been protesting ever since, but no one cares. What happened to me makes the ultimate mockery of the promise that an advanced education will improve your economic prospects!

    • DiscouragedOne

      Why did they do that to you?

  • walter conell

    I was just thinking- why do we put our money in a Bank anyway?
    You might think it more safe there? You get interest..?…not anymore (perhaps .008%).

    It’s just paper anyway- not worth anything but the paper and ink- a false note.
    What if the price of gold fell to 10 cents an ounce? It would be worthless as well.
    That brings us back to bartering and not using money to trade with.
    All money is, is bartering using paper. LOL.

  • Jodybear

    A paper trail is a very good thing. However, if you would look at the paper and the ink the banks are printing these statements with, they are a very prone to fading out, some within days. I make an exact copy with my home printer and staple original to it. Start doing this with any important receipts as the stores are also using a type of flimsy paper. It’s good till it’s gone.

  • This is an excuse!
    We all know the Financial System will collapse and our money might be confiscated. Buy Silver and Gold ASAP!!

  • Blair

    That’s quite disturbing. I guess it’s back to the mattress bank.

  • Jodybear

    If the Banks are a bad idea to keep your money in what about Credit Unions??? Anyone have solid information about them?
    You have to have something, if you do not have a bank account you can barely get your payroll check cashed if at all and forget about getting loans etc.
    THEY want a paper trail. It is an endless game you need credit scores, Fico scores they want you tethered to them. I do agree it’s about to all implode, on Us.
    I just keep the faith. God didn’t say it would be easy, just worth it.

  • g

    They can’t steal from you if you have nothing.

  • Interesting, as I just logged on to my Wells Fargo and it’s been done for problems according to their Facebook page. Sheeeeesh!!

  • mark your money i do with a little heart and maybe gona write down the numbers lol

  • Linzi Peynado

    “All of The Money In Your Bank Account Could Disappear In A Single Moment.”

    Good, then that will mean that my negative overdraft will disappear too. Bring it on!!!

  • Italics Mine

    a question: if the banks can abscond the deposits of customers, can they also “max out” any credit cards issued through their bank, to make the cardholder pay for things never bought and never approved?

  • It would be nice if my student loan debt from Wells Fargo had a balance due of zero 🙂 but no there’s no way this can be hacked

  • Tomburst

    You forgot to mention hanging out with the guys after the ball game.

  • i honestly wouldn’t care its not like its a major loss to me since i only have 3 bucks in my account lol

  • kctruth

    Michael, your claims are alarming and completely inaccurate. As bad as the situation in Cypress has become, they are only confiscating savings in excess of the government insured amount. If the same thing happened here, only those deposits in excess of the FDIC insured amounts would be at risk. While this practice is still abhorrent, your unfamiliarity with the facts does your argument no good.

    • HerrinSchadenfreude

      Not seeing how this changes anything or how you thought this did. The bank didn’t earn those funds. They shouldn’t be “seizing” those funds. It’s theft, anyway you look at it. There are no degrees or levels of theft that are better than others.

  • jim

    Mooched by the Bush regime??? Not the way I remember it. And the mooching continues….

  • piccadillybabe

    Smaller more local banks might be a better bet for people than “the too big to fails” i.e. JPMC and BOA. At least at a local level, banks are held more accountable. BOA recently closed all their branches in my area so their customers had no choice but to go with local banks and hopefully this will be safer if things do go bottom up in the foreseeable future.

  • ING in the Netherlands had a major disruption in online banking two days ago. Many people had large amounts of their savings deducted, some saw their account balance increased temporarily. Yesterday the IDEAL online payment system had a major outage. It’s almost as if they’re testing how the public will react to a lockout of their accounts.

  • LazyIke

    Rather than one mega bank put the money is a locally owned bank of which you personally know the officers.

  • before I saw the check which had said 4615, I didn’t believe that my mother in law had been actualy bringing home money parttime on their computer.. there friends cousin has done this for under 21 months and at present repaid the mortgage on their appartment and purchased a new Lancia Straton. this is where I went, Great90.ℂom

  • minoconnor

    Anybody who continues to put their money in these TBTF banks pretty much deserve to lose their money.

  • buckofama2010

    I will bet my next paycheck that the ovomit administration is behind these hacking attacks. Just testing before they wipe it ALL out at the speed of light

    • HerrinSchadenfreude

      Or else it’s another false flag attack. You see they’ve been running their mouths about it being Iran behind it. If they know so much about that then where is the on the record confrontation about it? Wouldn’t that be justification for an immediate news conference, considering that attempting to destabilize the economy of a civilian population constitutes an act of war?

      Oh wait. Glass houses. Stones. Never mind.

  • Gods wee brother

    “What would you do if you logged in to your bankaccount someday and it showed that you had a zero balance?”

    I’d rejoice!!!
    oh to have a balance of zero!

  • SysReboot

    i’m not sure having paper proof is necessary. i don’t know about usa, but in uk, banks have recovery centers which are like huge data centers where backups upon backups upon backups of all accounts and transactions are stored. i know this because i’ve setup the infrastructure & systems in those datacenters.

    however using banks is a bad idea anyway, but it’s essential for somethings. here in uk we can only get paid into bank accounts. personally i do not have any bank accounts anymore, my income is either cash or it gets paid into my mothers bank account as i refuse to deal with banks anymore after hassle i had from natwest regarding £180 p/m bank charges due to goin £20 overdrawn for a month. £6 per day they charge.

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