Debt Rattle Feb 13 2014: Are Your Savings Safe From Bail-Ins?

This topic has 4 replies, 5 voices, and was last updated 10 years, 10 months ago by Ghung.

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February 13, 2014 at 2:37 pm #11283

Raúl Ilargi Meijer
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Arthur Rothstein “Migrant agricultural workers, Deerfield, Florida” January 1937 I know you thought you’d seen some crazy stuff, but it’s going to get
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February 13, 2014 at 5:14 pm #11284

Professorlocknload
Participant

Wouldn’t a bail in of funds above the FDIC implied insured amount of the worlds reserve currency end it’s reserve status? And wouldn’t that end once and for all, the FRB’s cartel? Why would they do that?

February 13, 2014 at 11:57 pm #11285

EconomicDisconnect
Participant

I saw this today (using savings to bail in whatever) and while I knew it was coming it was still shocking. I mentioned it to some people at work, as an aside, and they were ADAMANT that it could never happen. After showing them the article they are still ADAMANT it cannot happen here. And when it does (MyRA anyone??) what will they do? Nothing at all. I quit caring, nothing can be done but watch.

February 14, 2014 at 11:59 am #11290

bluebird
Participant

Other than my ‘Sealy’ bank and in the ground, where else can people store extra cash? Are Short Term Treasury Bills still a viable option?

February 14, 2014 at 3:35 pm #11299

Ghung
Participant

Reminds me of the scene from the movie “Amistad” when the slavers dump 50 slaves over the side of the ship, then move on, insisting that the rest of the slaves are doing just fine.
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