Who Has "Your Money" - The Bank or You?

Published: Sat, 02/26/22

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Given the economic uncertainty caused by the current money printing, war, and health crisis, many borrowers may be forced to default on loans they have with their banks. It is therefore important to understand the legal relationship between a bank and a depositor, and the bank’s right of setoff.

You may be surprised to learn that the funds in a general bank account do not technically belong to the depositor. At the moment of deposit, the funds become the property of the depository bank.

Thus, as a depositor, you are a creditor of the bank. If the banks make bad loans or bad investments, YOU are on the hook, not the bank.

Watch the video here... https://bit.ly/3BQLtOP

A STORM IS BREWING AS THE GOVERNMENT CONTINUES TO TRY AND PRINT THEIR WAY TO PROSPERITY. THEY WILL CONTINUE THIS RECKLESS SPENDING UNTIL THE WHEELS FALL OFF AND YOU'RE LEFT HOLDING THE BAG.

Most of you are still going about life, business, investing, and retirement planning...

As if nothing unusual has happened to our financial system.

And few seem to realize the repercussions of the $11 TRILLION that’s been pumped into the U.S. financial system in the past 18 months.

So consider this your final wake-up call.

When the economy crumbles, everyone will run to Gold and Silver.

And given the almost 1 trillion dollars in printing each month, I am convinced that silver will soon explode in price in a manner of unprecedented proportions.

Continuing to print money to support deficit spending always ends badly.

You'll want to already be in when this happens because when it does... you'll be way too late!

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Thank you,

David Morgan
Founder - The Morgan Report

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

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