The banks of the world are now preparing for the biggest crisis in history. They call it the ‘BAIL-IN’. There was a paper prepared by the Federal Reserve Bank of New York in December of 2014. It was written by Joseph H. Sommer, a member of the Federal Reserve’s legal team. It specifically indicates that bank deposits are bank liabilities which are clearly affected by a bankruptcy. Your deposits are loans to the bank of which they can default on repayment, in the event of bankruptcy.
In July 2014, Germany gave its’ blessing to a ‘Bail-In Deposit Confiscation Plan’ and additionally, reports surfaced on Canada’s ‘Bail-In’ move. In December 2014, it was reported that the entire ‘G20’ were preparing for ‘Bail-Ins’ along with Australia, China, Italy, Japan and the United Kingdom, to name just a few countries. The plan has gone global and whether or not you believe it can happen, the banks of the world do believe it will happen. Why would the ‘G20’ make a plan to deal with a crisis that will never materialize? Read the full article by clicking link.
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