Bail-ins & Unsecured Creditors - Are You Ready?

"We want them to have full faith and confidence in the banking system... there's a select crowd of people that are on the institutional side and if they wanna understand this, they're gonna find a way to understand it." -Gary Cohn at the FDIC SRAC meeting, November 2022.

Key topics:

✔️No more bailouts = bail-ins. Guess who the unsecured creditor is? You!
✔️Rather than using the abstract idea of taxpayer money and God knows what else, let's just clearly shift the risk to John & Jane Q. Public. 
✔️"Now, Wall Street really has full access to your deposits." So that's great. 😣
✔️"Bank of Cyprus depositors lose 47.5% of savings."
✔️At 12:35, the Kitco video shows you exactly what the elites think of the general public! You don't need to know. The public is ignorant. They get financial info and news from tweets like total idiots.  


Links I discuss in this episode:

https://www.youtube.com/watch?v=RY1ECavKSJU

https://infinitebanking.org/banknotes/from-bailouts-to-bail-ins-understanding-the-dodd-frank-act/

https://www.usatoday.com/story/money/business/2013/07/29/bank-of-cyprus-depositors-lose-savings/2595837/

https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/