Peter Schiff’s bank was the only solvent bank in the world, and it was shut down illegally by the US government through an elaborate conspiracy between the IRS, OCIF, and the governor of Puerto Rico, along with many other government officials. No tax evasion or criminal activity was ever found among anyone working for the bank or banking there.

I’m sharing this to support Peter Schiff and bring attention to the corruption in government against people doing business legally. They don’t like banks that actually hold the depositors’ funds rather than gambling with them. They bail out banks that lose everything and the one responsible institution on earth is demonized.

They did this to harm Peter Schiff and the depositors of the bank. Since the US government seized the funds, no one has gotten them back, but if they had allowed the bank to liquidate them themselves, every depositor would have gotten all their deposits back. One depositor has committed suicide over this completely unjust theft by the government.

I wish Peter the best of luck in defeating the IRS in his lawsuit.