In the next bank caused economic crash there will not be a government bail out of "to big to fail" entities.
If you have cash in a US bank, you can expect to have the federal government take it all the next time US banks find themselves in trouble.
The days of the federal government stealing money from taxpayers, or borrowing it from the Federal Reserve, to save troubled banks — as in they did in the 2008 crisis —is over.
“Bail-ins are coming to North America without any doubt, and will be remembered as the ‘Great Leveling,’ of the ‘great Flushing’.
Not only can it happen here, but it will happen here…It stands on legal grounds by legal precedent both in the US, Canada and the UK."
"When major banks fail, they are going to bail them out by grabbing the money that is in your bank accounts.
This is going to absolutely shatter faith in the banking system and it is actually going to make it far more likely that we will see major bank failures all over the Western world.”
This news isn't exactly new, the monetary system is much closer to collapse and the bail-in is imminent. In fact, US banks presented the Federal Reserve with a bail-in plan to pay for large banks' restructuring in the event of a future crisis, which is now law...
Now there will be a "Bail in" with your funds!
What is it and how does it work?
Why bail in? And how! PDF
Get out of big banks now!
World wide bail in's are coming.
An economist says your money is not safe at the bank!
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