Speaking about the steps that have been taken internationally in order to “strengthen the financial system” and to reduce the “probability of future financial crisis,” Fischer said that the U.S. was preparing proposals for bank bail-ins for “systemically important banks.”If you still hold a lot of cash, now is the time to consider a conversion to hard assets like $ilver, gold, diamonds, jewelry and ammunition to name a few.
Tuesday, August 12, 2014
United States is now definitely "At Risk" for "Bail-ins"
The United States is no longer, if it ever was, immune from the ultimate blow, "Bail-ins". The following details just what was said by the financial heads of the Federal Reserve.