They’re preparing because they don’t have nearly enough money to cover a run on the banks. Watch the shocking leaked video at around 17:55 and you’ll be shocked as to who gets prioritized (hint: guess who it isn’t). Definition of a term they use: “bail-in.” When a bank is in trouble, a bail-in uses the customers’ money to save the system rather than outside money, which is a “bail-out.”
Think it can’t happen? Something like what might be looming on the horizon actually happened in Cyprus in 2013 and their system used a bail-in to save itself. Many people lost their life savings in the interest of making sure the banks didn’t go under. Their money became the bank’s. Permanently. The first part of this video goes into that as well as early signs it’s about to happen here.
And not just here. It’s going on in the European banking system as well.
BTW, will investing in gold help? How do you buy a box of cereal or a sorely needed prescription with that bar of gold you’ve hidden in your mattress?
if I’m being honest… I think I would need to see the entire meeting they had there at the FDIC to understand if the guys interpretation of what they are saying is correct because all of the little snippets that they showed did not show the previous context. How do we know they didn’t cherry pick and they’re making their own narrative?
if I’m being honest… I think I would need to see the entire meeting they had there at the FDIC to understand if the guys interpretation of what they are saying is correct because all of the little snippets that they showed did not show the previous context. How do we know they didn’t cherry pick and they’re making their own narrative?
You know, short of a bunch of high-level businesspeople deciding to do a big game of “Let’s Pretend We’re Planning On How To Handle A Major Banking System Failure,” it’s hard for me to imagine the context you’re speculating about.
However, if you want to find it, here’s the meeting the clips came from. All three and a half hours of it: