New reports suggest that Obama is trying to follow in the footsteps of communist nations and make it so that your bank account is not actually yours. Instead, your bank account will belong to the government, and effectively Obama.
This would mean that the government would be able to take whatever assets from your your bank account that they want, and they wouldn’t even need to notify you. The U.S. government would regard your bank account as an asset that belongs to the bank, not to you.
Obama got this idea from Cyprus, Greece, which locked it’s citizens out of their own bank accounts back in March of 2013. When Australia followed suit with this idea, Obama embraced it and tried to figure out a way to bring it to the United States.
Obama is reportedly planning to sell the idea to Americans as a tax on banks that would protect them from collapse and prevent another financial collapse, but don’t fall for it: the cost will be placed upon the consumer, and it will give Obama complete control of your bank account. We can’t let this happen!