Lowell Ponte says, Our Bank Accounts are not safe. Think your deposits are safe? Don’t bank on it. Your deposits belong to the bank. All you ‘own’ is a deposit receipt, an IOU. And the banks have no responsibility to share this information with their customers. This has just become the scariest moment I’ve ever seen to keep money in an American bank account. Our politicians are desperate for more money and are considering several ways to grab the more than $20 trillion now in private bank accounts. A ‘perfect storm’ is putting our bank accounts in danger. Listen for five of the many forces creating this high-risk storm for savers.
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