This Could Be the End of "Too Big To Fail"

By Gold Gate Capital Sponsored / November 11, 2018 / www.schaeffersresearch.com / Article Link

Dollar_DownBenjamin Franklin once said, "An ounce of prevention is worth a pound of cure." Those words could not be anymore true than they are today. Claim a free guide now.

Since the year 2000, 555 banks have FAILED and closed their door forever. That averages out to 30 banks a year closing their doors. They were small enough to not qualify for a government bail-out, but now no bank will fail.

Instead, many fear that depositors now carry the burden for "bailing-out" the bank with the 401K's, IRA's and the funds deposited with that institution.

How Could This Happen In America

During the 2008 financial crisis, over $1 trillion in taxpayer money was given to banks that were "Too-Big-To-Fail."

But since then, banking regulators have come to a broad agreement on what they call a "better approach!"

Instead of bailing-out a failing bank, regulators say "let's force its creditors to Bail-In" ?EUR' or share the burden of losses.

Anyone who deposits money into a bank is an "unsecured creditor." The bank's largest unsecured debt is its depositors' funds, including savings & checking accounts, 401K's & IRA's, and CD's. That means ANY money deposited into a financial institution is unsecured credit to the bank and is at risk of being taken.

Special FREE Guide:
How To ProtectSavings From Bank Seizure

Bank Seizures Are Already Happening
Around The Globe

In 2012 the Mediterranean nation of Cyprus had its own banking crisis. Cyprus's largest commercial bank, the Bank of Cyprus was collapsing and so were many others. With government approval they outright seized 47.5% of all uninsured deposits.

Some depositors at other banks saw as much as 80% of their savings CONFISCATED!

Once the government approved of the theft of depositors' funds, there was no way to stop it. Cyprus banks closed Friday afternoon. That weekend, ALL withdrawals and outbound transactions were frozen!

On Monday morning, depositors woke to find, a huge chunk of their Savings was simply gone! In exchange they were given stock in the bank!

But that's not the only country allowing this "Bail-in theft."

Banks around the world have already started taking depositors' savings! It's happened in Greece and Ireland back 2010, in Austria, Denmark, and Portugal in 2011.

Bank Account Seizures in the United States

During the Great Depression ?EUR' Hundreds of thousands of investors and people, who had savings in the banks, were wiped out when those banks used their depositors' money to satisfy their own creditors. This was before "Dodd-Frank" became the law of the land.

Fast forward to 2018...

Hard-working Americanshave no clue of the new legal language that exists in the "Wall Street Reform and Consumer Protection Act" (Dodd-Frank).

This sweeping set of financial reforms passed after the mortgage crisis, specifically allows banks to take depositors' money to save their own balance sheets, just as banks did in Cyprus and here in the United States during the Great Depression.

Special FREE Guide:
How To Protect Your Savings From Bank Seizure

Title II of the Act specifically authorizes the FDIC (Federal Deposit Insurance Corporation), to take your money, via the newly-established "Orderly Liquidation Authority."

This body of bank regulators can freeze your accounts over the weekend, wave a magic wand, and reduce your account by 50% and in some cases more. The bottom line is...

Investors Have No Vote In The Matter, & Have No Legal Recourse

In theory, investors should receive shares of stock in the bank, but the reality is... these shares will be in a failing institution, which is not much compensation for incurred losses.

Chances are, there will be few willing buyers for this newly acquired stock.

So, it's time to learn some new terminology today. The new term: Bail-In.

Investopedia explains the term: a bank bail-in is when the bank uses the money of its unsecured creditors, including depositors and bondholders, to restructure their capital so it can stay afloat.

They care about themselves staying afloat - not investors.

Special FREE Guide:
How To Protect Your Savings From Bank Seizure

With a national debt of $21 trillion, $13 trillion in consumer debt, $14 trillion in mortgage debt, and all U.S. combined debt including student, auto, and credit card debt totaling a combined $70 trillion, it's not hard to see that the United States will in fact have another financial meltdown sometime in the near future!

The debt in this country is so staggering that even World-Famous Investor, Warren Buffett warned investors: Prepare to lose 1/2 of your money!

There Is One Way For Investors to Protect Their Hard Earned Money.

First, understand that a coming collapse of some kind is imminent. It is essential to prepare NOW.

Here is what to do first: Follow this link to download this FREE Guide: How To Protect Your Savings From Bank Seizure

This guide provides the necessary informationto know on about allocating assets,taking possession, and protecting IRA's, 401K's, andhard-earned savings.

Click Here to Claim A Free Copy

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