2014 Money & Witchcraft -- Coast To Coast AM - October 20

Coast To Coast AM - October 20, 2014 Money & Witchcraft




Guests:    Craig R. Smith, Judika Illes
In the first half, author and monetary expert Craig Smith talked about personal bank accounts, and what the future has in store for banking institutions, and money. What many people don't realize is that when they put their money in a bank, it no longer belongs to them-- they become an unsecured creditor of that bank, he revealed. When another economic crash comes (and Smith believes we are due for one) people may lose their funds-- "the FDIC currently has at most $500 billion to cover over $7 trillion worth of deposits," he reported. Banks also make it difficult for customers to withdraw $10,000 or more in cash, and treat such events as suspicious activity, he added.