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Current Events Message from Solid Financial Solutions

At Solid Financial Solutions we want to keep you informed of live current events that could effect you.

We are committed to helping you protect, preserve and prosper what you’ve worked hard for.

We are not about the doom and gloom but rather the opportunity. As through any great disaster throughout history there has been a great opportunity that shortly follows.

For example in the thirties the most amount of people ever wiped out were through that time, however never before had there been more millionaires made in any other time throughout history.

Just recently Cyprus citizens were banned from fully accessing their bank accounts and told that a portion of their savings would be confiscated to help pay for bank bailouts.

When the crisis first erupted they were told that 10 percent of all deposits over 100,000 euros would be confiscated.

Then a few day later they were told that it would be 40 percent.

Now according to the Washington Post those with deposits over 100,000 euros at the second largest bank in Cyprus may lose as much as 80 percent of those deposits.

Now the question is could it happen in the US or Canada for that matter?

And is it time that we consider the safety of our own deposits?

If you can believe this just recently the Cyprus style “bail-ins” have just recently been proposed in the new Canadian government budget.

On pages 144 and 145 of the “Economic Action Plan 2013” which the Harper government has already submitted to the House of Commons this new budget actually proposes to “implement a bail in regime for systemically important banks” in Canada.

“Economic Action Plan 2013’ was submitted on March 21st which means that this ‘bail in regime” was likely being planned long before the crisis in Cyprus ever erupted.

In other words when major banks fail they can now bail themselves out by taking directly from the depositors.

The Canadian government is actually proposing that what just happened in Cyprus should be used as a blueprint for future bank failures in Canada.

The main reason they are proposing this is because Canada’s largest banks are the source of strength for the Canadian economy.

Our large banks have become increasingly successful in international markets, creating jobs at home.

My question is if our banks are that stable in Canada then WHY would our government ever consider implementing then same bank confiscation rules as Cyprus?

Yes Canadian banks appear to be some of the most stable, however if your a bank and you receive one dollar and then you lend that same dollar out to 12 other people and then one day if only two people decided that they want their dollar back the system crumbles and the house of cards falls to the ground because you really only had one real dollar to start with.

See the average bank in Canada lends one dollar out roughly 12 times, and I don’t care if its 2 or 12 times its not right.

Yes many banks have CDIC insurance but again you need to ask yourself does that cover the full amount of my deposit and is the insurance only as good as the solvency of the company which its backed by?

This is not to frighten anyone but rather to teach you that history has taught us time and tine again that we need to take money and matters into our own hands, preferably be our own bank which here, at Solid Financial Solutions, we can show you exactly how.

In the thirties people were witness to 9,000 banks failing over a decade…. could history repeat itself again?…what if just one bank failed? And what if that was the bank that we had our money in?

If we look throughout history there was a bill that was pushed through Congress during the Great Depression which gave the president power to stop all bank activity across the nation at a moment’s notice.

This “Bank Holiday” law is still hidden in the books. And with that very same bill, the US Congress demanded that all citizens turn over their government minted gold bars and coins to authorities.

This is another reason why at Solid Financial Solutions we suggest owning privately minted gold and silver, ask us and we will show you how.

Shutting down banks and taking money directly from peoples bank accounts obviously is something that does not go unnoticed.

Everyone can imagine the pain of losing 10%, 40%,60% of their savings overnight.

Yet there is another attack on our wealth that we  must consider… one that is not as noticed.

10% or more of your savings can vanish without anyone even noticing, in fact in most countries it happening right now – and it’s not getting the attention that it deserves.

It’s called the inflation, also known as a phantom tax, or a hidden tax.

Inflation means it takes more dollars to buy the same amount of goods. And not because the goods have increased in value, but because the dollar fell in value.

The end result is a severe loss in purchasing power and much less wealth than you had before.

Yes, inflation can steal wealth directly from your bank account just as easily as a government mandated tax.

But is there inflation today?

Absolutely. The Federal Reserve is “printing” roughly $85 billion per month, diluting the value of every dollar in existence.

In fact they have printed more money in the last four years then the prior 100 years before

The government claims that inflation is around 2% annually.

Here’s what they’re not telling you…

Inflation in the US is roughly 9.6% today. Just a little shy of the 10% wealth- confiscating tax that is taking place in Cyprus.

The government managed to find a way to make the inflation number read 2%. But the end result is the same, your bank account is shrinking with every dollar they print.

Ask us how you can hedge inflation, and come up on top of the transfer of wealth as opposed to the losing side.

History shows us that wealth confiscation can be a real threat that we must consider even though we may not like to think or talk about it.

Again, this is not to frighten anyone but rather to teach you that history has taught us time and tine again that we need to take money and matters into our own hands, preferably be our own bank which here, at Solid Financial Solutions, we can show you exactly how.

Call us at 1-877-741-8910 or email to learn how to Protect, Preserve and Prosper what you’ve worked so hard for.

Copyright © Solid Financial Solutions Inc. All Rights reserved.

by Brad Fisher on October 16, 2014 in

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