It could be the greatest threat to your wealth you have ever experienced. Yes! Even bigger than another financial crisis. In fact, if this comes to pass it could mean two financial crises in one. Remember this word – “Bail-in”. And each time you hear it know that we are one day closer to another banking crisis – one that could dwarf 2008 by multiples.
A Bail-In is at it sounds. It is the opposite of a Bail-Out although it has nothing to do with sinking boats or being arrested. Just as a Bail-Out, a Bail-In has to do with finances, banking, debt and the economy. The Fed and Government have been orchestrating Bail-Outs since the crisis of 2008 unfolded. Money has been created out of thin air and given to financial institutions, car companies, insurance companies and the list goes on. The purpose of such has been to prevent financial Armageddon and jump start a failing economy.
So, if a Bail-Out is the giving away of printed money and a Bail-In is the opposite …you got it! A Bail-In means no money is printed and instead of money being given away it is TAKEN! I can explain that in one word – Cyprus! In the case of the Cypriot bank, one day the doors were open and the next a banking holiday was declared. That is code for, “we are in trouble and if we dare open the doors, there would be a run on the bank and the bank would fail, taking everyone’s money with it.” Then if one bank failed, they would all fail.
To avoid this disaster, enter the Bail-In. It was deemed ...