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Author and economic analyst John Sneisen talks to Josh Sigurdson about the bail-in regime seen previously in Austria at Hypo Alpe Adria and what’s happened recently relating to that event.
Bail-ins are just an excuse for blind robbery. The money in the bank is not yours until you take it out. That’s contractual. The big banks are being insured by bail-in regimes by robbing the customer. In order to pay off their debts they can just empty bank accounts, RRSPs and pensions. Canada has recently renewed their bail-in regime policies as one of the first countries in the world to have legislation written into the budget regarding bail-ins.
We don’t want to see what happened in Cyprus happen here or anywhere for that matter. That’s why we give you all our opinions on these topics so that you can make the decision whether or not to keep your money in the bank and how to keep yourself and your family safe in an economic downturn. It’s crucial in this day and age to have an understanding of the monetary system and what the coercive state is capable of.
We will continue to update you on this topic! Stay tuned!
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