Over the past decade or more, banking industry lobbyists and attorneys have quietly gone state by state and changed the laws so that when they and their intermediaries (brokerage firms like Schwab, Etrade, Fidelty, etc.) file for insolvency, they no longer can merely seize their clients cash holdings, but they now can seize any and everything that is on their books and in your account, including but not limited to stocks, bonds, "safety deposit" box content, houses, cars, any and everything that has a loan on it or is in their possession. As if that weren't bad enough, according to "The Great Taking" author and ex hedge fund manager, David Webb, anything that has EVER been on their books, even if you have already paid it off, since they may have used it as collateral!, is also fair game in their "Great Taking" . This sounds like it should be illegal, but they have changed the laws in your state to MAKE it legal. This is not a fire drill. ALL laws and UCC codes in each of the 50 states have now been "updated" and changed to incorporate these new banking rules that allows the banks and their intermediaries to essentially steal all of their account holders wealth, not limited to their cash and including their assets! Anyone who has any kind of loan or has assets that ever had a loan on that asset is now at risk. I cannot think of a circumstance this would not apply to, although one may exist and no, your 401K or IRA is NOT exempt. It is in fact a prime target because that is the primary place where most adults wealth is stored.
Currently, if you hold stocks, bonds, etc., you are considered a "beneficial stock holder", meaning, you get the "benefits" of holding the stock,or asset such as dividends and any interest that may be accrued by holding the asset in your account. However, when (not if, but when) the time comes for the bank to file insolvency, such as when (not if) the reset happens, you will LOSE EVERYTHING unless you can get your state to change your UCC codes and any accompanying legislation that may have been passed by the banks to favor these new outrageous terms. And let me be clear, anything in a "safety deposit box" at a bank, it goes without saying will be one of the first things to be raided by the banks when they file for insolvency, or perhaps the evening prior to them filing for insolvency, to ensure seizure of its contents.
If you care about your future, your children's future or the future of this country and even world (this is a global power grab/asset seizure but the US stands the best chance of destroying it), please take action to block this insidious move by the banks to throw all of their account holders into poverty with only the banking cartel and their extremely wealthy "friends" rising to the top of the wealth infrastructure when they file for insolvency, which is right around the corner. These changes to the UCC codes and new laws actually provide INCENTIVE for the banks to file for insolvency in order to engorge themselves at our expense. We cannot let them get away with this. Please sign this petition, pass it on, and get active NOW with your state representatives.