"BRAVO! In Craig Smith and Lowell Ponte's newest book, DON'T BANK ON IT!
they have successfully torn down the facade of America's most deceptive
financial institution - modern mega-banks - and yet somehow also made
it interesting, understandable and actionable reading."
-DR. MICHAEL SAVAGE, Host, The Savage Nation
"In this book my long-trusted friend and advisor Craig Smith and former
Reader’s Digest Roving Editor Lowell Ponte explain why your bank account
is now punished and discouraged with near-zero interest, yet is at risk
of being looted in at least 20 different ways."
-PAT BOONE, legendary entertainer
QUESTION: Could the bank we trust to safeguard our money
now be one of the riskiest places to put it?
The symbol of bank security has been the safe. Today it should be the "unsafe"
because, as this book reveals, your bank deposits are now in danger in
at least 20 major ways – from cybercriminals, money-hungry politicians,
Too-Big-To-Fail bankers, and those now stealing your dollars’ value –
including the dollars you thought were secure inside bank vaults.
Your bank account is systematically being robbed, and is at serious risk
of being seized and looted. How much interest is your bank paying you
for putting your money at such risk? Less Than Zero Percent!
Monetary expert Craig R. Smith and futurist Lowell Ponte
show why it has become illogical, and hazardous to your wealth,
to trust your money to today's increasingly vulnerable and unsafe banks.
Banks (as we know them) and the U.S. Dollar are dying as we are pulled
into the rising "cashless society" where everything, from your digital "money"
to your household appliances, will be Internet-controllable and hackable, as well as
trackable and taxable by bloated governments desperate for ever-more revenue.
Smith and Ponte propose a surprising alternative future you can bank on,
based in part on what a Harvard economics professor did with his own
near-million-dollar bank account. This book shows ways to save your savings.
INTRODUCTION - This Un-Bank Book
By Craig R. Smith
DON'T BANK ON IT! will take you on nine thought-provoking journeys into
the past, present and future perils of banking to show why it is no longer logical
or wise to put your life savings in unsafe bank accounts.
In CHAPTER ONE, we might still think of ourselves as living in the Wild West of
steel safes and bank robbers like Jesse James, yet even the James-Younger Gang
was defeated in its most famous attempted heist by their ignorance of a new
We, almost 140 years later, live in a very different, almost-cashless society where
our money increasingly exists merely as flickering electronic impulses inside
computers and global networks. We show how Jesse James today could not steal
your savings or identity, yet hackers and cyber warriors might be able to rob you
within milliseconds from the far side of the world.
CHAPTER TWO explores how banking and money evolved together as two
intertwined depositories of value, and how the universal money of gold and silver
was transformed into government-issued debased coins and paper bills that rulers
to this day continue to manipulate to rob their citizens.
CHAPTER THREE shows how the looting of private bank accounts by English kings
led to fractional-reserve banking, the fragile and unstable way our banks work
today. This lucrative innovation has added a huge, sometimes-fatal amount of risk
to modern banking. It, more than anything else, is why our banks now undergo
"stress tests," tests that if scored honestly would usually fail.
CHAPTER FOUR reveals how the unstable economy caused by fractional-reserve
banking was used to justify the imposition of the Federal Reserve System in 1913.
The Fed's real aim, as members of Congress warned, was to centralize political
power over our banks and currency. We will show how the internal contradictions of
Federal Reserve policies have today trapped America's banks and economy in what
we call the "Fed Paradox."
CHAPTER FIVE exposes how the abuse of the regulatory power over banking led to
the near-collapse of our economy in 2008, caused the Great Recession, produced the
boom and continuing bust in housing, and is giving us a slower, sicker "recovery"
than even what followed the Great Depression.
CHAPTER SIX looks at how the U.S. Government is extending its regulatory and
taxing power over the entire world banking system. We look at the 2013 take-down
of one island tax haven and a government official's declaration that these tactics
are a "template" for how private bank accounts will be seized elsewhere in the near
future. America's July 1, 2014 strong-arm move to crush small tax havens around
the planet should be an ominous warning that the exits are being closed because
savers will soon be trying desperately to escape from their bank accounts here.
CHAPTER SEVEN reveals how the world's money-hungry governments are planning to
take - and already are secretly taking - your bank savings. We show you the Obama
Administration's sinister "Operation Choke Point" and other grabs for power over
our banks. We will show how the government may be plotting to confiscate IRAs,
401(k)s, and other retirement accounts "for your own good," as has already been
happening in other countries and the coming "world wealth tax".
CHAPTER EIGHT shows the choice we face over banking's future. Banks as we have
known them are about to disappear in the cashless global society that is dawning.
We explore how the nationalization of our banks could happen, and what a
future of the government politically and ideologically controlling all money and
credit could be like. We are already far closer to this Orwellian future than most
CHAPTER NINE offers an alternative that you could bank on that combines old-
fashioned security and sound money with convenient advanced technologies. In
this brighter potential future that you can choose, honest money returns as a store
of value, prosperity reawakens, and you might even become your own banker with
your own gold standard.
Our EPILOGUE 'THE GAMBLE' summarizes the 20 reasons our investigation has found as to why
it no longer makes logical sense to keep most of your money deposited in a bank
account. We also suggest ways to diversify and protect your money against the
breakdown of the old banking system and dollar that is now inevitable....a question
only of when, not if.
It also challenges you to TEST what we have found out about the kind of 21st
Century bank you now trust with your money. The results of this test might frighten
you. It could certainly open your eyes.
After reading this book, you will never again be able to see your bank, or the U.S.
Dollar, as you did before.
You are about to take a journey of ideas and information that crosses thousands of
years and many lands.
Fasten your seatbelt. It's going to be an eye-opening and surprise-filled ride.
- Craig R. Smith