Gold Futures Index (GOLD)

[Tool_power]

Folks better hold some physical gold in this world. The budget that was passed in December by Obama, and no one was allowed to read it, contained new language written by none else than the BIG banks of Wall Street.

Evidently anyone with a Savings account in a bank has been re-defined as a "Creditor" instead of a customer. They also flipped the Asset Liquidation waterfall priorities (for bankruptcy cases) so that shareholders get paid first and Creditors get paid last in the banking industry. What does this mean? It means they're setting us up for a Bail-in in this country.
It means that when the banks declare bankruptcy (and they will) the shareholders (i.e. Board of Directors) will get paid first, then liabilities, then way down at the bottom the Creditors will get screwed. Another words, they're going to steal the hard earned savings from Americans to pay off their massive gambling losses.

I'm advising everyone I know to start moving money out of savings accounts. Checking accounts may not be much better, and I wouldn't be surprised to see Pensions get fleeced too.