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Regardless of unprecedented central bank measures since the 2008 financial crisis, such as Quantitative Easing (QE) and Zero Interest Rate Policies (ZIRP), many major banks and financial institutions still remain vulnerable to insolvency today.
In the next major market meltdown, rather than the public again bailing-out the too big to fail banks... the private sector may be called upon to bail-in insolvent banks and financial institutions.
What is a Bank Bail-in?
Put simply... if your bank goes bust, a percentage of your deposits or savings could be taken from you to help ensure the solvency of the bank.
If a bank or brokerage goes bust, unsecured depositors are some of the last creditors in line with very little sway in legal proceedings (think MF Global account holders).
Bank bail-ins have already occurred in countries like Cyprus.
Listen to what experts Mike Maloney and Rick Rule (of Sprott Global) had to say when asked...
What happened in Cyprus, is that going to happen in some other countries?
The G20 and other nations have and are actively putting into place legal frameworks for future bank bail-ins.
National bank deposit insurance programs ( like the FDIC in the U.S.A. ) will most likely not be sufficient in the next major financial crisis.
In this day and age, it may be prudent to keep only enough cash reserves in banking institutions to cover one's opertating expenses.
Given the facts, it is our individual responsabilty to ensure our savings are not taken from us.
It is essential we cut out as many untrustworthy counterparties as possible.
Silver and Gold Bullion in hand give us much needed bank bail-in protection and true first-hand autonomy over our wealth.
The information, opinions, and financial data presented are for educational purposes only and are not intended as investment advice. No guarantees are made as to the accuracy of the information provided herein. Situations can change from day to day. Every investor should do their own due-diligence to determine which investments are best for them.
You must assume the responsibility and liability for all decisions that you make on the basis of the information herein contained. GoldSilver.com, makes no warranties, expressed or implied, as to the fitness and accuracy of the information provided or for the results obtained by using the information. Those making investment decisions based on any of the information presented should do so in the knowledge that they could experience significant losses. In no event shall GoldSilver.com be liable for direct, indirect, or incidental damages resulting from the use of the information.
Regardless of unprecedented central bank measures since the 2008 financial crisis, such as Quantitative Easing (QE) and Zero Interest Rate Policies (ZIRP), many major banks and financial institutions still remain vulnerable to insolvency today.
In the next major market meltdown, rather than the public again bailing-out the too big to fail banks... the private sector may be called upon to bail-in insolvent banks and financial institutions.
What is a Bank Bail-in?
Put simply... if your bank goes bust, a percentage of your deposits or savings could be taken from you to help ensure the solvency of the bank.
If a bank or brokerage goes bust, unsecured depositors are some of the last creditors in line with very little sway in legal proceedings (think MF Global account holders).
Bank bail-ins have already occurred in countries like Cyprus.
Listen to what experts Mike Maloney and Rick Rule (of Sprott Global) had to say when asked...
What happened in Cyprus, is that going to happen in some other countries?
The G20 and other nations have and are actively putting into place legal frameworks for future bank bail-ins.
National bank deposit insurance programs ( like the FDIC in the U.S.A. ) will most likely not be sufficient in the next major financial crisis.
In this day and age, it may be prudent to keep only enough cash reserves in banking institutions to cover one's opertating expenses.
Given the facts, it is our individual responsabilty to ensure our savings are not taken from us.
It is essential we cut out as many untrustworthy counterparties as possible.
Silver and Gold Bullion in hand give us much needed bank bail-in protection and true first-hand autonomy over our wealth.
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