Gregory Mannarino, "Markets A Look Ahead: It Has Already Begun! Bail-outs/Bail-ins Are The System Failsafe"

Gregory Mannarino, AM 7/31/22:

"Markets A Look Ahead: It Has Already Begun!

 Bail-outs/Bail-ins Are The System Failsafe"

- https://traderschoice.net/

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"How does a bank bail-in work? Can banks take your deposits without your permission to bail themselves out? The Dodd-Frank Act. The law states that a U.S. bank may take its depositors' funds (i.e. your checking, savings, CD's, IRA & 401(k) accounts) and use those funds when necessary to keep itself, the bank, afloat. Picture this, you wake tomorrow to discover that your bank emptied your checking and retirement accounts and used the money to pay its debts. You have no legal standing, no FDIC coverage, and no money in your account - it's gone forever!

It was signed into law in 2010 under then President Barack Hussein Obama. It's known under many different names:

• The Dodd-Frank Act.

• Wall Street Reform and Consumer Protection Act

• Public Law 111–203

• H.R. 4173

• Bank Bail-In (Google this search phrase: Dodd–Frank Bail–In). The law states that a U.S. bank may take its depositors’ funds (i.e. your checking, savings, CD's, IRA & 401(k) accounts) and use those funds when necessary to keep itself, the bank, afloat.

That means:

• if your bank makes bad investments in derivatives

• or makes bad loans to sub-prime borrowers

• or manages the bank poorly and can’t service its debt

• or even worse the U.S. economy has another 2008 collapse (look around... -CP)

Instead of that bank going bankrupt and the bank’s assets sold off to be given back to its depositors…now the bank simply keeps your money and guess what? The bank is no longer bankrupt. Did you read that? The Bank Keeps Your Money. And here is the kicker,

YOUR ACCOUNT IS NOT FDIC INSURED WHEN THE 

BANK TAKES YOUR MONEY. NOT ONE SINGLE PENNY.

It’s the law of the land and there is nothing you can do about it! Welcome to the 21st Century in the United States of America."

- https://www.fdic.gov/

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Full screen recommended.

Dan, iAllegedly, 1/22/22:

"Beware of Bank Bail-Ins - A Bail Out Using Your Money"

"Banks are in a precarious spot right now. Banks are complaining that they cannot get employees and they are in serious need of help. The last time our economy took a dive the banks were bailed out by the government. That will not happen this time because the banks will be bailed out by the depositors. This is called a bail-in."

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