The California National Bank Failed Today

California National Owned 68 Banks

The Mysterious US Bancorp Bought The Assets

As With All Scams Look At The Owners

A California Banking Group goes broke, the FDIC takes over, the real estate goes on the auction block, and US Bancorp comes in as the buyer. All a bank does is lend money, and most of the time it's based on collateral. The straight loans, such as a unsecured $50 million credit line to a bankrupt company, are gone forever.

Now the economy tanks, the strip mall tenants dry up, and the mall is foreclosed. So you take collateral loans such as the $75 million that went to buying a strip mall, are now almost worthless. Here is where the FDIC steps in.

Saul Glockenstein's Bank Chain

A holocaust survivor who escaped the Nazis and bought up small independent banks.

A Chain Of Sixty Banks

The Glockensteins were concentrated in California.

The FDIC Takes Over The Fail Banks

Did the bank blow up, or disappears? All that happens is US Bancorp has a sign company come in and remove all the old decals and put US Bancorp's logos on the building.

The employees, the desks, the curtains, etc., remained the same.

But What About $6 Billion Missing?

If you pass on the Zio-Mumbo Jumbo, and think in terms of gold coins, then the magnitude of the scam makes sense. The good people of California gave Saul Glockenstein $6 billion of their gold coins.

Did this gold evaporate? Who were the people that borrowed the gold?


	The $50 Million Dollar Strip Mall The bank lent the new buyer $50 million, he went bankrupt, and the gold is gone. So now Bancorp owns the mall, which it sells for $.10 cents on the dollar. The shadow owners turn it over to a real estate management corp., in fact the same management group as before. So all that really happened is the original owner got a bag of gold coins, the buyer no doubt got his commission, and the American taxpayer got a bill for $50 million.

Will There Be An Investigation, Or Any Arrests?

Oh my God, what kind of talk is that. A banking collapse is a act of nature. This same chilling attitude is what drove Otto Frank, and Herbert Frank, owners of a Bank in Frankfurt, to flee Germany in 1934. Their new bank was to be Michael B Frank and Sons, in Amsterdam.

First they came for the bank owners, and I said nothing. Then they came for the straw buyers, and I said nothing. Then they came for the Zionists at the FDIC, and I said nothing.

For Gods Sake, lets not go down this path.

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