How do they give $5 billion in deposits? That's money specifically put there by people who, for whatever reason, wanted to bank there. And now their money is moved?
Thank you. I think here, Frank and Dodd were behind it. What is amazing is that according to the article, people in the EU now have NO protection. We still have the FDIC.
I don’t think the FDIC has enough to cover the insurance of what’s being used for these bail-ins, though.
The law is written that they can only use funds in accounts that are over the $250k insured amount, but I’d bet my left arm the big banks aren’t following that regulation.
Convert your 'money' to physical assets like gold, silver, food, property, vehicles, weapons, ammo and things to be bartered when federal reserve notes become less useful than toilet paper.
How do they give $5 billion in deposits? That's money specifically put there by people who, for whatever reason, wanted to bank there. And now their money is moved?
Article on how G20 countries “legalized” bail ins.
Thank you. I think here, Frank and Dodd were behind it. What is amazing is that according to the article, people in the EU now have NO protection. We still have the FDIC.
I don’t think the FDIC has enough to cover the insurance of what’s being used for these bail-ins, though.
The law is written that they can only use funds in accounts that are over the $250k insured amount, but I’d bet my left arm the big banks aren’t following that regulation.
Right. Why would they start now?
floated.....currency
if its not in your hand you dont own it
Your bank deposit is an unsecured loan to the bank. Good luck collecting from them.
So what do you do with your savings?
Convert your 'money' to physical assets like gold, silver, food, property, vehicles, weapons, ammo and things to be bartered when federal reserve notes become less useful than toilet paper.