According to Australia’s Herald Sun, the Australian government seized a record $360 million from ‘dormant’ household bank accounts in 2013 alone. A rule change in 2012, allowed the government to seize the money in some 80,000 accounts that had been dormant for three years. Prior to the change, just $330 million had been collected between 1959 and 2012.
While you might be wondering why you should care about a banking regulation in Australia, it turns out the practice is somewhat common in the United States as well. On radio this morning, Joe Kerry, president of Mercury One, explained the fight his family is currently battling with the state of Pennsylvania over funds liquidated from one of their bank accounts without their knowledge.
AND, it’s happening in OUR country now….
See the video HERE.
(I’m waiting for my invite to the coming Million-Man-Armed-March on Washington, D.C.)