Breakthrough Forming Government “We Will Sign It Today”

Forming Government “We Will Sign It Today”

Post Brought From Currency Chatter:

“And at the same level, the
leader of the Islamic Supreme Council of Iraq Sayyed Ammar al-Hakim said this
matter and
we have agreed
to resolve the differences

with the coalition forces and
will sign it today.

Breakthrough forming a government

 August 31, 2014 8:52    News spoke to the news agency

breakthrough needed to form a government and will be announced this afternoon
caving new government Sources

Back for talks on forming the government to normal after talks were held
yesterday evening between Prime Minister-designate Haider Abadi and leaders of
the National Alliance on the one hand and between the National Union of Forces
on the other hand.

The source said that “things are moving now toward the formation of the
government and presented to the parliament soon as the shenanigans that took
place yesterday between the delegations of the National Alliance and the
National Union of Forces were differences in viewpoints were then resorting to
the Constitution in its resolution.

He pointed out that “the prime
minister-designate has perceptions about the demands of political blocs and the
problems therein, which was determined to find a compromise formula to resolve
them in accordance with the Constitution and the principle of national
partnership away from the speeches and media political controversies.”

The sources said the existence of differences between the National Alliance and
the Union forces led to the collapse of talks on forming a government.

And at the same level, the leader of the Islamic Supreme Council of Iraq Sayyed
Ammar al-Hakim said this matter and we have agreed to resolve the differences with the
coalition forces and we will sign it today.

~~ * ~~ * ~~ * ~~ * ~~ * ~~ * ~~ * ~~

Brule:  Hakim: We have agreed to resolve the differences with the
coalition forces and we will sign today

31/08/2014 13:04   Long-Presse / Baghdad

Said the leader of the Islamic Supreme Council Ammar al-Hakim, on Sunday, to
reach an understanding about the full alliance with the National Union of
Forces on controversial points, while stressing that he would be today,
“the signing of this agreement.”

Ammar al-Hakim during a joint press conference with the head of the negotiating
team of the Kurdistan Alliance, Hoshyar Zebari, at the headquarters of the
Supreme Islamic Council, in central Baghdad, on the sidelines of a meeting held
by al-Hakim with the Kurdish delegation, attended (range Press),

 “The meeting, which brought together negotiating committees in the
National Alliance, the Federation of powers witnessed a tumble yesterday,
“but he also said,” but the two delegations have held another meeting
in late on Saturday, which was
reached for a full understanding. “

Hakim said that “the two alliances will sign today on the agreement, which
was yesterday.”

The leader of the Islamic Supreme Council Ammar al-Hakim was held on Sunday,
(August 31, 2014), a meeting with a delegation from the Kurdistan Alliance
participating in the negotiations to form a government in his house in central
Baghdad, to discuss the stages and reached, the negotiations between the
political blocs.

And the leader of the Islamic Supreme Council Ammar al-Hakim, on Saturday,
(August 30, 2014), that talks on forming the government are still ongoing, and
pointed out that the parties want to form a government quickly,
while pointing Iraqi Parliament Speaker Salim al-Jubouri,

 the need to respect the calls of reference which indicates During the
period preceding it calls “wise”, he stressed that there is a will of
the political blocs to form a functioning government within the constitutional

The MP for the coalition of the Union of National Forces Ali Jassim Mutaiota
confirmed, on Saturday, (August 30, 2014), that, negotiations with the Shiite
alliance, did not reach the “complete collapse” but faced “an
obstacle disappointing,”

while the expected return to the dialogue table, building on the willingness of
internal and international pressure is keen on forming a government.

It is noteworthy that the Iraqi political forces Marathon began forming a new
government, with the National Alliance and the taxpayer so Haider al-Abadi.

The President of the Republic Fuad Masum formally charged in (the 11th of
August 2014 Current) leader of the Islamic Dawa Party, Haider al-Abadi, the
formation of the new government, replacing Prime Minister outgoing Nuri
al-Maliki, while announced the last-in, (14th of August), pull his candidacy
and support the National Alliance candidate, Abadi, to form a new government.

~~ * ~~ *  ~~ * ~~ * ~~ * ~~

jeff19:   Political powers meet in Baghdad to sign a paper’s
overall demands

August 31, 2014  —   Waters began negotiations to return to
normalcy, after the shuttle visits carried out by each of Parliament Speaker
Salim al-Jubouri and Prime Minister-designate Haider Abadi and head of the
Islamic Supreme Council Ammar al-Hakim, among them, to stop the degradation
process of negotiations and agreed
to sign a paper and a comprehensive national Sunday evening between coalition
forces and Iraqi coalition National.

 said MP for the Virtue Party, Jamal Abdul-Zahra, in an interview with
Cable News Network Kurdish (KNN), that there is a consensus between the
political blocs is moving towards signing the paper overall national that will
emerge by the paper ministerial platform for the next government,

indicating that the Securities negotiating the political blocs has Mnachtha and
settlement demands that are compatible with the Constitution and the rejection
of what was hampered.

 added Abdul-Zahra, that the political forces of the National Alliance and
the Alliance of Iraqi forces will meet this evening in Baghdad to discuss the
final terms of national paper and sign it, and probably be postponed until
tomorrow at the latest, in order to reach common understandings.

 For his part, the MP said the coalition forces Iraqi Ahmed Attia
milkfish, in an interview for (KNN), that the negotiations were back to normal,
and there is preliminary approval by the National Alliance on paper rights, and
its contents of materials and items ..

 indicating that the Congress alliance forces will hold an expanded
meetingat the home of Osama al-Nujaifi in Baghdad and then heading the
delegation negotiating for a meeting with a delegation of the National

explained milkfish, that mutual visits between Parliament Speaker Salim
al-Jubouri, with Ammar al-Hakim, head of the Supreme Islamic Council and Haider
al-Abadi was the cause of the resumption of negotiations to normal, pointing to
the Iraqi forces that the alliance needs to be confirmed by the National
Alliance on approval rights on paper.

~~ * ~~ * ~~ * ~~ * ~~ * ~~

Sunday, 31 August 2014 14:18

 Baghdad (AIN) –The Head of the Supreme Iraqi Islamic Council, Ammar
al-Hakim, stated that all the issues
in Iraq will be settled and a ministerial statement will be signed soon.

 In his joint press conference with the Foreign Minister, Hoshyar Zebari,
Hakim said “The security situation was discussed and all the efforts will
be united to face the terrorist groups.”

The efforts will result in
signing a ministerial statement that will satisfy all the sides,
he concluded.

Brule:    Speaker: No obstacles hinder formation of next

Sunday, 31 August 2014 14:56  —  Babel (AIN) –The parliament
Speaker, Saleem al-Jobouri, while meeting the official in Babel Province stated
that there are no obstacles to
hinder the formation of the next government within the constitutional time


A major Reason We The
Poeple Need to Return to the Republic form of
Government with Common Law, eliminating the present 
Corporation Corruption
so-called government and Admiralty Law.
And they had better
not say “bless you “ if someone sneezes in the classroom!
Did you
know that Hilliard, Ohio has a special room for Muslims to pray in the
High School?
YES, call the school if you aren’t Believing.
Sorry NO CHRISTIAN, Jewish or any other Religion available.
This was checked out on Politi facts and Confirmed.

children Are Not allowed to recite the Lord’s Prayer,
Not allowed to bring a Bible to School,
Not allowed to wear a Christian themed
Not allowed to have Bible study classes at
Not allowed to display a picture of  Jesus,
And now this Piece   of Crap President
Is going to use federal tax dollars to promote Islam to our Children.

is ENOUGH ! Where are all these  “Christian-hating, separation of church
and state”  Atheists? Why aren’t they lining up the to sue
the Federal government over the use of federal tax dollars to promote
a Religion in our public Schools?
I would
be willing to bet that nobody will
Hear a peep out of the “Freedom From Religion” Organization.

Administration Announces nationwide

Outreach Program For Children Grades

children gathered around a Muslim
Learning about the Qur’an… For school credit.Washington, DC — At a Press
conference Friday afternoon, President Obama announced plans For the first
ever federally funded Muslim outreach Program

program will be available nationwide for All elementary school students grade
K-12 beginning February 1st, 2014The program is designed to educate
children about the Fundamentals of the Muslim religion and Islamic
belief. President Obama spoke with reporters to explain why it is so
important that These outreach programs exist. “The Muslim community
deserves our Full understanding and respect,” Obama said. “We have
killed Millions of Muslims overseas since the September
11th Attacks

folks are not all bad. In fact, most Of them are
hardworking citizens just like you and me. I encourage Every
student in America to participate in your school’s Muslim
Outreach program. Learn about the Muslim community, the beauty of The
Sunnah and the magic of the Qur’an.

Paul Horner, a teacher At   Starks  
School   in  Louisiana , told MSNBC he is Excited about
the new programs. “I think anything a child can learn Is good. 
We need
more learning in this country. And, these classes
Are not mandatory but children can use them as extra credit
towards Other classes.

example, if Becky has a D+ in math she Can simply take a three week after
school class on the Qur’an and Now Sally has an A in Math. How great
is That?”

Muslim youth outreach program is Designed to help young people from
different cultures work together To break down ethnic barriers. Their goal is
to help promote a Greater respect for other cultures, understanding
while at the same Time learning about all that culture has to Offer

Matei, who is a member of the Muslim Brotherhood‘s Freedom and Justice
Party, told CNN he is pleased with
Obama and his actions. “I spoke with President Obama by
telephone Yesterday and personally thanked him for what he is doing for
the Muslim community,” Matei said. “This is definitely a step in
the Right direction I explained to him. Praise Allah.” If any parents
of Students would like to volunteer to teach the Muslim religion you Can
call the  United States Muslim Outreach hotline at (785) 273-0325

Do we
do this for other cultures and Religions? 

Do we federally fund religion for other Religions? 

. . .

you do not take an interest in the Affairs of your government, then you
are doomed to live under the Rule of fools.” 


New post  AdminSambo Today at 2:07 pm

[Papajack] Hi everybody, yesterday I gave you
the bad guys version of the jihadist muslims amassing at our Southern Border,
today I bring you the GOOD GUY’s version. I suggest you all check out the
NESARA site this afternoon as it gives the good side scenario. I know you have
to sift through the New Age UFO BS but today it outlines the New Republic.

[Papajack] Lots of good info including the new interim President of the
Republic, lots of good news out there among all the smoke and mirrors.

[Papajack] That darn jet
may be lining up for a flyby soon.

[.SEDNET1] Thank you PapaJack, I have seen the Nesara/Gesara list of “to
be done” items.
and I

[Papajack] I like the list.

[.SEDNET1] Papajack Yep, esp
the abolishment of ALL debt, credit cards, mortgages, etc. ALL debt! along with
the demise of the FED and the IRS as we know it.

[.SEDNET1] The 14 flat tax on NEW
non-essencial purchases, but not on food, medicine or USED items, like an old

[Papajack] The opinion is annoucement
Sept 9th


[11:45 AM] SEDNET1 sednet1:

<<< NESARA = National Economic Security and Recovery Act

GESARA = Global Economic Security and Recovery Act

NESARA is the most ground breaking reformation to sweep not only this country
but our planet in its entire history. The act does away with the Federal
Reserve Bank, the IRS, the shadow government, and much more.

NESARA implements the following changes:

1. Zeros out all credit
card, mortgage, and other bank debt due to illegal banking and government
activities. This is the Federal Reserve’s worst nightmare, a “jubilee” or a
forgiveness of debt.
Abolishes the income tax.
3. Abolishes the IRS.
Employees of the IRS will be transferred into the US Treasury national sales
tax area.
Creates a 14% flat rate non-essential new items
only sales tax revenue for the government. In other words, food and medicine
will not be taxed; nor will used items such as old homes.

5. Increases benefits
to senior
6. Returns Constitutional
Law to all courts and legal matters.
7. Reinstates the original
Title of
Nobility amendment.

8. Establishes new Presidential and Congressional elections within 120 days
after NESARA’s announcement.
The interim
government will cancel all National Emergencies and return us back to
constitutional law.
9. Monitors elections and prevents illegal
election activities of special interest groups.
10. Creates a new
Treasury rainbow currency backed by gold, silver, and platinum precious metals,
ending the bankruptcy of the United States initiated by Franklin Roosevelt in

11. Forbids the sale of
American birth certificate records as chattel property bonds by the US
Department of Transportation.
12. Initiates new U.S. Treasury Bank System in alignment with Constitutional
Eliminates the Federal Reserve System. During the transition period the Federal Reserve will
be allowed to operate side by side of the U.S. treasury for one year in order
to remove all Federal Reserve notes from the money supply.
Restores financial privacy.
15. Retrains all judges
and attorneys in Constitutional Law.
16. Ceases all aggressive, U.S. government military actions worldwide.
Establishes peace throughout the world.
18. Releases enormous sums of money for humanitarian purposes.
19. Enables the release of
over 6,000 patents of suppressed technologies that are being withheld from the
public under the guise of national security, including free energy devices,
antigravity, and sonic healing machines.— SEDNET1 sednet1, Today 11:45 AM


ALL Patriot Americans
MUST know,
with sources inside American/European intelligence agencies and INTERPOL
reporting what is really going on behind the scenes of the
fascist, extortion-friendly propaganda U.S. media’s massive deceptions
Sunday   August 31, 2014
by Tom Heneghan, International
Intelligence Expert
UNITED States of America   

ISIL completely fabricated enemy by US:
Former CIA contract

ISIS “Made in USA”. Iraq “Geopolitical
Arsonists” Seek to Burn Region

Why Does ISIS Fit In So Perfectly With The
PNAC Plan?

ISIS = U.S.-British-Israeli
scripted ‘Wag the Dog’

VITAL Intelligence Briefings

The REAL Terrorists are Exposed: They are the Bankers and
the NSA  08-10-2014
ISIS PsyOp Exposed as British Intelligence-NAZI Paperclip
U.S. NSA Trickery  08-24-2014
image source unknown

“keep your eyes fully open for the next 10 to 15 days”

The Rumor Mill News Reading Room 
“keep your eyes fully open for the next 10 to 15 days”
Posted By: Mr.Ed [Send E-Mail]
Date: Sunday, 31-Aug-2014 15:34:37

From attorney Al Hodges 8/29/2014
Just a quick note to say to those who’ve cared enough to bless my mission: you are abundantly welcome, and thank you.
While this process has continued on far, far, far too long, and way beyond my wildest imagination, there are reasons for it which will become known after your payment is received.
To the naysayers, and to those who are on the verge of losing hope, and even to those who have given up long ago, I say to keep your eyes fully open for the next 10 to 15 days.
More I cannot say at this time.
Attorney Al Hodges – New Financial System, CMKX, World Global Settlements


Obama Plan To Destroy Gulf Of Mexico Like Ukraine Horrifies Russia

August 31, 2014
Obama Plan To Destroy Gulf Of Mexico Like Ukraine Horrifies Russia
By: Sorcha Faal, and as reported to her Western Subscribers
A new report prepared by the Ministry of Natural Resources and Environment (MNR) circulating in the Kremlin today states that Russian environmental scientists have become “horrified” over the past fortnight after President Obama opened up for fracking (with virtually no public notice) and then abruptly auctioned off 21.6 million acres of the most sensitive areas of the Gulf of Mexico to the major US energy companies that had, in effect, paid to put him in office
According to this report, on 20 August, Obama ordered his Bureau of Ocean Management (BOEM) to conduct an auction of these 21.6 million acres in the Gulf of Mexico at the Mercedes-Benz Superdome in New Orleans, Louisiana, and which afterwards BP America, who was responsible for the 2010 Deepwater Horizon Gulf of Mexico catastrophe, was said to be the “big winner”.
Of the greatest danger to Obama’s allowing fracking in this environmentally sensitive region, this report continues, is that it sits in what is called the Lower Tertiary basin (which has been coined as the “final frontier of oil exploration in the Gulf of Mexico” worth over $1.5 trillion) and is an ancient layer of the earth’s crust made of dense rock and which is “potentially catastrophic” for current offshore fracking operations.
Like the land-based version, a recent US report points out, offshore fracking involves injecting a mixture of water and chemicals into the seafloor, is understood to be risky, and the risks poorly understood. In a recent Bloomberg investigation, an engineer at Halliburton, the world’s leader in fracking, described deepwater drilling as “the most challenging, harshest environment that we’ll be working in.”
Even when things go right, Emily Jeffers, a staff attorney at the Center for Biological Diversity, explained to the Salon News Service, there don’t seem to have been any studies of the process’ potential environmental impacts (a representative for the Environmental Protection Agency (EPA) confirmed as much to Bloomberg).
And while drinking water contamination isn’t the main concern here the way it is on land, the potential for air pollution, earthquakes and the general disruption to marine life from increased traffic and lighting are all cited as risks. Most importantly, there’s the question of what happens to fracking’s byproduct.
Under the current, EPA-mandated system, wastewater is treated and then dumped back into the Gulf, “where dilution renders it harmless”— but critics say more needs to be studied about its potential impact. It would help, too, if companies were required to disclose their “proprietary blends” of fracking chemicals. Said Miyoko Sakashita, oceans director at the Center for Biological Diversity, “nobody knows what they’ve been discharging and in what amounts.”
But the main concern, emphasized Jeffers, is the potential for a catastrophic blowout, which could cause a disaster of the type we’ve seen with conventional oil drilling — only with the added bonus of those toxic chemicals polluting the water as well.
Important to note, MNR experts in this report say, is that the fracking environmental catastrophe now being allowed to occur in the Gulf of Mexico by Obama is, likewise, being prevented in eastern Ukraine by Russian separatists forces battling neo-Nazi armies from Kiev that have been flooding into the region and have been basically protecting the fracking equipment of Burisma Holdings.
Burisma Holdings, this report says it’s important to note, is currently directing the war in Ukraine through two of its board members, R. Hunter Biden, who is the son of the current US Vice President Joseph Biden, and Devon Archer, a former campaign manager of the current US Secretary of State. John Kerry.
Archer, in fact, in gloating last year of his and Biden’s company’s potential eastern Ukrainian gas reserves stated that “today Burisma Holdings reminds me of Exxon in its early days.”
Standing in the way of Biden and Archer and their plans to destroy the environment of eastern Ukraine (and by extension Crimea and the Black Sea), however, this report says, are the peoples in the region who in February or March, a visitor wouldn’t have heard fear of war but fear of fracking, with residents fearful their land would be destroyed, and not that Obama would unleash Kiev’s neo-Nazi thugs against them.
Kiev’s plan for this region, in fact, was to set up a joint venture with Shell Oil through Burisma Holdings and drill for shale gas around Slavyansk to eventually produce 8 billion to 11 billion cubic meters of gas yearly — nearly 20 percent of what Ukrainian consumers need. A similar $10 billion deal was reached with Chevron for exploration in western Ukraine.
For even daring to sympathize with the peoples of eastern Ukraine fearing their lands and waterways would be destroyed by Burisma Holdings, this report continues, the Secretary-General of NATO, Anders Fogh Rasmussen, this past June, accused Russia of secretly working with environmental groups campaigning against fracking in an attempt to maintain Europe’s dependence on energy imports from Moscow, a spurious charge angrily responded to by a Greenpeace spokesman who said:
To the real cause of this Ukrainian conflict it is, perhaps most simply, best described by the US based Truthout News Service that elucidates their readers by stating:
Unfortunately for Obama and his oil company backers like Biden and Archer who have left Iraq, Egypt, Afghanistan, Syria and Libya in tatters, they have met their match in President Putin who reminded them all this week that Russia’s armed forces are backed by its nuclear arsenal and was ready to meet any aggression by declaring at a pro-Kremlin youth camp that foreign states should understand: “It’s best not to mess with us.”
August 31, 2014 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth.  Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]

Doctors Caught Red Handed Hiding Simple Ebola Cure From 20 Years Ago!

Doctors Caught Red Handed Hiding Simple Ebola Cure

From 20 Years Ago!

Saturday, August 30, 2014

(Before It’s News)

Glenn Canady
“Learn the Secret to Eternal Life!”

Note by Glenn:  Please friend me
on my Facebook
 if you spread massive truth!  The best way
to reach me and get my daily emails about breaking stories is to Join Project Nsearch
.  When you join, login and go to the “Ebooks”
menu option and you’ll get my free ebooks, “How to Spread
1,000 Times More Truth”
 and “Suppressed Health
well as getting the very latest news about free energy
homes and vehicles right now!  Be sure to LIKE my “Glenn Canady”
 Facebook page and the “Veterans Today Truth Wariors” page where we’re take massive action against the
NWO as a team!  Lastly, subscribe to my Youtube channel
 and new Twitter account.  We are being lied to by our fake news more
each day!  Let’s WIN this thing by spreading more truth than every
before!   We WILL do it together!

Doctors Caught Hiding Simple Ebola Cure From 20 Years Ago!

You’re going to be shocked when you
hear the simple cure that cured 88% of the people they tested it on about 30
years ago!  Doctors in Africa were desperate to find anything that would
work so they discussed taking blood from people that recovered from Ebola and
transfuse it to people dying of Ebola.  They made sure to match the blood
and went ahead and tried their cure when they had the permission form the
patients!   All the American doctors there told them not to do it and it
wouldn’t work but they did it anyway!  They ended up curing 8 of 9 people
or 88% using their treatment.   Even after the success, the American
doctors did everything they could to say it didn’t work!  

This story is completely explained at
the 6:00 minute mark in the video.  You’ll see how the US doctors try to
make the African doctors not do their proposed treatment.  And when it
works they say that it really did nothing!  

Smoking Gun: Chief Doctor at Planned Parenthood Reveals They Could
Cure 98% of All Cancers in 1969 But Would Not Release Those Cures Because There
were Too Many People in the World!

shouldn’t be naive anymore to think the medical system wants to cure people.
 We now know from the audio testimony of Dr.
Dunegan that the NWO admitted they would create diseases and never give the
cure for it!  Dr. Dunegan was told by Dr. Day (head of planned parenthood)
that they could cure 98% of the cancers in 1969!  Dr. Day stated that they
had these cures at the Rockefeller Institute but they would not release these
cures because “there were too many people in the world”!  I have included
the shocking testimony from Dr. Dunegan about the complete fraud of our medical
system at the end of this article.  Please hare this article so the truth
can be known!  The medical systems around the world are completely
controlled and have no interest in curing people!   They are part of the
satanic new world order agenda that wants to reduce human population by 90% as
shown on the Georgia Guidestones!  We have this directly from a doctor
that was told of the new world order agenda in 1969!  He was told about
the complete fraud of the medical system and Dr. Day kept telling all the
doctors in the audience that “People Are Too Trusting!”  

Yes, people are too trusting to
believe a man in a white coat that has been brainwashed to never cure diseases
but to just extract money from insurance companies on treatments that never
cure anything!  That’s why I will never take another vaccine of any type
because I woke up!  You should too and share this information.  

Ebola Cure Completely Hidden From 20 Years Ago!  You’ll never
about this now because they want to kill people with Ebola and tightly
control any cure with their own patented cure to make money!

Dr. Dunegan was told by Dr. Day (Head of Planned Parenthood) that
they could already cure 98% of all cancers in 1969 and these cures were in the
Rockefeller Institute but they would not be released to the public because
there were too many people in the world and they had to die of something!

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“6 Ways to Insure Excess Deposits” Posted by MamaGigi8 at TNT

Ways to Insure Excess Deposits” Posted by MamaGigi8 at TNT

(Dinar Recaps Note:
This post is for informational purposes only.  It is not legal, tax or
investment advice.  Dinar Recaps advises that everyone should do their own
due diligence and seek local Professional tax, legal and/or investment

Mamagigi8:  Here is a link to a short article from;

“6 ways to insure excess


Many community or state-chartered banks
have excess deposit coverage.

CDARS allows you to insure up to $50
million in CDs

IDC Deposits does the same with money
market accounts



6 ways to insure excess
By Laura Bruce •


Many community or state-chartered banks have excess deposit coverage.

CDARS allows you to insure up to $50 million in CDs.

IDC Deposits does the same with money market accounts.

As consumers continue to be rattled by a seemingly bottomless pit of bad
financial news, they’re looking for ways to ensure their entire bank deposits
are covered by the Federal Deposit Insurance Corporation.

It’s not difficult to exceed the $250,000 limit on individual accounts, or the
$250,000 limit on certain retirement accounts. (In October 2008, the FDIC
insurance limit was raised to $250,000 from $100,000, effective until Dec. 31,

This change has since been extended to Dec. 31, 2013. The limit may revert to
$100,000 after that time.) In fact, the FDIC says that less than 62 percent of
the $6.88 trillion on deposit in FDIC-insured banks was covered at the end of
2007. That leaves more than $2.5 trillion unprotected in the event of bank

Fortunately, there are many ways you can have excess deposits covered, and you
should take the trouble to use one of these methods or, through your own
research, find other ways.

Uninsured depositors receive an average of $0.72 on the dollar when their bank
fails. Imagine having excess money in a bank and losing more than a quarter of
it. In addition, it can take years for the FDIC to settle a bank failure.

The six examples of excess deposit coverage that we’ll highlight here primarily
involve accounts at community or state-chartered banks. Some larger
institutions carry their own excess deposit insurance, so if you prefer banking
at larger institutions, ask if they have it.

Companies such as BancInsure and Progressive Casualty Insurance provide excess
deposit insurance to financial institutions. Excess share insurance is
available to credit unions. But don’t assume you’re covered; always ask.

6 ways to cover deposits

Depositors Insurance Fund


IDC Deposits

Wintrust Financial

Brokerage accounts


Depositors Insurance Fund (DIF)

Believe it or not, back in the 1930s Massachusetts state-chartered savings
banks and state-chartered cooperative banks were prohibited from belonging to
the FDIC. Instead, they were required to belong to the DIF, which functioned
back then under a different name.

Over time, the state legislature allowed the state-chartered institutions to also
have FDIC insurance. The DIF then became the insurer of excess deposits. Any
amounts above FDIC coverage are guaranteed. There are no forms to fill out, and
no separate titling of accounts is necessary. The DIF program covers 68
state-chartered savings banks.

The Share Insurance Fund (SIF) provides the same coverage for state-chartered
cooperative banks.

If you don’t live in Massachusetts, you’re not left out: Many of these banks
allow out-of-state accounts.

“The insurance is unlimited, but we don’t have $10 million
customers,” says David Elliott, CEO at Depositors Insurance Fund in
Woburn, Mass. “When we look at our profile, it’s an amount slightly above
the FDIC limit. The customer, whose account started with $90,000 and through
interest is up to $125,000, may not even be aware of the fact that the FDIC is
insuring the first $250,000 and we’re insuring the $25,000 above that.”

Certificate of Deposit Account
Registry Service (CDARS)

If you like the safety and convenience of CDs and you’re nearing the FDIC
limit, you may want to consider the CDARS program if your bank offers it.

Funds above $250,000 are deposited in CDs at other banks in the network. The
system is supposed to ensure the money is divided among non-related banks, but
you should check to be certain. If you’re wealthy enough, you can insure up to
$50 million.

The demand for the CDARS program has grown considerably this summer, according
to Mark Jacobsen, president of Promontory Interfinancial Network, the company
that created CDARS.

“Since mid-July, we’ve been doing about twice the business each week as we
did in a typical week in January; and about three times the transaction volume
we were doing a year ago. Our business in California has skyrocketed. It took
us about five-and-a half-years to garner approximately 150 bank charters in
California as member of our network. In the 11 days after IndyMac failed, we
had requests from 40 different banks.”

IDC Deposits

Just as the CDARS program divvies your excess funds among CDs at different banks,
IDC Deposits does the same with money market accounts. Its network consists of
over 250 banks, allowing individuals to have FDIC coverage for up to $5 million
in what’s called a MMAX account.

Another way MMAX is similar to CDARS is that the interest rate you earn may not
be as good as you would get shopping around and placing your funds in various
institutions yourself. But there’s a huge convenience factor to consider. With
both programs you receive one statement and one 1099 for tax records.

For example, IDC currently pays banks 2 percent on deposits. The bank you do
business with may give you an interest rate of 1.75 percent. That’s apparently
not stopping people from going with the program.

“We are absolutely seeing an increase in business,” says IDC Deposits
president Kim Weeks. “I’ll be the first to tell you that six months ago,
four months ago, it was a tougher sell on the investor side because these are
not great rates and we understand this. But because of everything going on
right now, there’s a trade-off in the convenience and the assurance that the
money is insured.”

Wintrust Financial

This is an example of a small group of banks that provide excess coverage.
Wintrust is a bank holding company that has 15 separately chartered banks in the
Chicago and Milwaukee areas. Wintrust makes its MaxSafe account available to
customers of the 15 banks. It allows individuals to insure $1.5 million in CD
and money market accounts — more than $16 million if you’re able to title
accounts differently.

People from outside the Chicago and Milwaukee can apply for an account at one
of the banks, but Wintrust is being cautious for varying reasons, says CEO
Edward Wehmer.

We did a one-week test in Tennessee and Kansas City and it was surprising the
number of calls we had. Eventually, there will be online (applications), but we
want to be very careful regarding the ‘know your customer’ rules on the online
side of the business, especially with a money market account. Also, we don’t
have funding needs. This has been a defensive product for us. I’m afraid that
if I offer it, I could get $1 billion in deposits and nowhere to go with

Brokerage accounts

If you have an account with an institutions such as Fidelity or Schwab, you can
buy CDs at different banks from across the country with the click of a mouse.
In addition to the convenience of one-stop shopping, you’ll often find yields
above the national averages. Be aware that you’re responsible for making sure
your money is divided among non-related banks. For more information on brokered
deposits, read this article.


The FDIC allows you to insure significantly more than $250,000 if you’re able
to title accounts separately. For instance, you could have $250,000 covered in
an individual account, $250,000 covered in a joint account, and $250,000 in a
retirement account. For more information on titling see this article.

The Dumbing down of America, Who Profits?

Dumbing down of America, Who Profits?

posted on Our
New World

The general public
needs to understand that the government’s money does not come from their
budget. After all, a budget is merely a plan for income and expenses. The
governments money is recorded in the Comprehensive Annual Financial Reports
(CAFRs). This article explains the kinds of things you will find in the CAFRs.
This will amaze you. -LW

by Walter Burien – CAFR1
In Reply to Doc
Blake’s post copied below the WJB reply:

Doc Blake:
Just so you don’t get
played as was intended by the government boys, the illusion spoon fed us that
you parroted below: “We have a
rubber stamp government, run by large corporations”
Well, it was
that way in the 20’s, 30’s, 40’s, 50’s, and going into the 60’s. But a big
transition took place going into the beginning of the 50’s to the end of the
60’s that culminated by the…

1,118 more words