Must Watch: FDIC Bankers Discuss ‘Bail-Ins’ To Deal With Impending Market Collapse
/What is a Bail-in? According to ‘Legalized Bank Bail-Ins’ …’Bank depositors are now legally treated as unsecured creditors in the largest economies in the world.’…
And then the actual definition of ‘bail-in’ from the same site:
…’restructuring of a financial institution on the brink of failure, by forcing its creditors and unsecured depositors to take losses on their holdings. It often gets regarded as a rescue of last resort to help a troubled financial institution's ability to attract future business. A bail-in is different from a bail-out, which involves the rescue of a financial institution typically by government credit extensions into the failing private sector.’…
This basically means that as a bank depositor you are an unsecured creditor of the bank and that in the event of financial hardship of that institution they can take depositors deposits in order to satisfy other creditors of the institution.
Sounds pretty crappy, right?
Please listen/watch the three short videos of the FDIC meeting that are part of this Inforwars article. You will hear the bankers themselves tell you about this and why they really don’t want the public to know. None of this information is financial advice. Please consult a financial professional.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.