Bix Weir: Even the Banks Don't Trust the Banks

You’ve heard the adage, “If you don’t hold it, you don’t own it,” and you may be wary of keeping “money in the bank,” or “owning” stocks through a brokerage, or shares of “precious metals funds” like GLD or SLV due to concerns about third-party risk, layers of indirection that pose barriers to real ownership, and even “re-hypothecation” (multiple-claims against the same assets.) 

But what you haven’t been told is that your wariness puts you in good company - with the largest banks, major US bond holders, and even sovereign nations. 

The recent actions of these massive players reveal that they are secretly distrusting each other, and especially distrusting the validity and integrity of US Treasury bonds and US dollars, drying up liquidity and spiking inter-bank lending rates, and forcing the crisis bond repo bailout by the Fed.

- Source, Reluctant Preppers