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Stock up on Gold and Silver - it's the only REAL money (media.greatawakening.win)

posted 1 year ago by FractalizingIron 1 year ago by FractalizingIron +71 / -0

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– FractalizingIron [S] 1 point 1 year ago +1 / -0

I think he's referring to the bail in issue.

https://citizensparty.org.au/stop-bail-in/legal-opinion-australian-deposits-can-be-bailed-in

Discussion on bail in. Apparently in Bail In conditions (enacted as an option after governments "bailed out" massive banking organization in 2008+), if a bank goes under, it can convert the funds it owes to those using the bank into shares, so that instead of giving you your 80K bank funds, they issues you shares of the bank that they evaluate at 80K. What happens then? You cannot withdraw your funds, etc.

https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp

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