Secret Swiss Military Bunkers Being Filled With Gold By Billionaires Seeking "Alternatives To Bank Deposits"

http://www.zerohedge.com/news/2016-09-30/swiss-vaults

Bank Deposits No Longer Guaranteed By Austrian Government

http://www.zerohedge.com/news/2015-04-09/bank-deposits-no-longer-guaranteed-austrian-government

Man Who First Predicted Greek Bank Deposits Would Be Stolen Issues More Shocking Predictions For 2015

One by one, the dominoes are falling.

http://kingworldnews.com/man-who-remarkably-first-predicted-ecb-would-steal-greek-bank-deposits-issues-more-shocking-predictions-for-2015/

FDIC and Bank Deposits

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FDIC is broke

The Federal Deposit Insurance Corporation (FDIC) insures bank deposits up to $250,000, and this is why it is broke:

http://www.fdic.gov/bank/individual/failed/banklist.html

This list of failed banks will grow longer as residential foreclosures continue, and commercial real estate loan defaults accelerate.

The Gold standard

This is one argument for a return to the gold standard. Note the author and date.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

Alan Greenspan
[written in 1966]