Tuesday, January 5, 2016

"Had enough of the Quantitative Easing/Bailouts scam for legalized plunder of the people? What happens when there are no more bailouts from the Federal Reserve? Think its a sign things are getting better? NO, get ready for the bail ins! Last year the FED declared it will no longer use bail-outs to prop up its member banks. Many people said its good news...wait a minute. The European Parliament just announced a new banking policy that allows bail-ins to make up for the losses of their failing banks. What are the odds the Fed will follow the same procedure as the E.U.? Bail-ins serve the same purpose as bail-outs, in both cases, banks are saved from bankruptcy by the legalized confiscation of money from the public. In a bail-out, the money is taken from taxpayers. In a bail-in, it is taken from depositors." -Jeff Chiacchieri
http://theeconomiccollapseblog.com/archives/january-1-2016-the-new-bank-bail-in-system-goes-into-effect-in-europe

No comments:

Post a Comment