The following needs to be confirmed by our Congressmen?  Is this true?

Banks Get Green Light to Seize Your Bank Accounts
Shocking declaration by Obama and World Leaders: Your Bank Account Isn’t Yours
Get ready to be swindled by stiff bank regulations that will greatly reduce your bank account balances.

President Obama agreed with G-20 global leaders that you no longer own your bank accounts. The United States considers your bank account as an asset that, in effect, belongs to your bank and can be seized by the government to pay bank debts and obligations.

As banks fail your deposits are considered liabilities, according to US Banking Law, then converted into equity or stock shares in the company. Once converted to equity you are regarded as a “shareholder” NOT a depositor… AND NOW you are no longer insured by the FDIC and therefore as the banks fail so do your deposits.

Unfortunately, the banks we used to trust to safeguard and protect our deposits and bank accounts are becoming the RISKIEST places to store money.

Greece and Australia have taken measures to insure that if banks fail, bank accounts are on the hook to help assist with “bail-ins” which Obama gladly embraces.

In addition, a new political scheme to tax bank accounts, according to the Australian Financial Review, might be locked in place in Australian banks as soon as January 1, 2016. This could quickly be copied by other tax-hungry welfare states, including ours.

Like many modern taxes, this planned tax on bank accounts is being framed as a tax on the banks, not on individual customers. Its cost, however, will be passed on to depositors in the form of higher fees or lower interest paid on their accounts.

This tax on bank deposits is projected from its start to raise around $500 million each year, purportedly for a “Financial Stabilization Fund” to help protect banks from collapse in future financial crises.

This needs to be verified by our banks.

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