Hey Guys,
The other week I saw a headline about Bank of America transferring the funds of their clients without their authorisation. I remember seeing speculation that this was a preparation for the so called ‘bank bail ins' they will do when a another financial crisis occurs.
This got me wondering what bank bail ins were all about, and it's safe to say that I fell far down the rabbit hole. The idea of bank bail ins has basically been around since the 2008 bail outs, and the guy who coined the term has also been the key architect of the process.
The first ever bank bail in happened in Cyprus in 2013. 1 year later, the G20 countries agreed to legalise bail ins in accordance with standards set by one of those unelected and unaccountable international organisations. This is really just the tip of the iceberg.
You must watch this one until the end.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► The Only Wall Street Exec Who Went To Jail After 2008: https://www.nytimes.com/2014/05/04/ma…
► From Bail Out to Bail In: https://www.economist.com/finance-and…
► G20 Agree To FSB Bail In Rules: https://www.huffpost.com/entry/new-g2…
► FDIC Bank Bail-In Simulation: http://fdic.windrosemedia.com/index.p…
► Gold And Silver Eagles: https://catalog.usmint.gov/coins/coin…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
