01/03/2016 - New Bank Bailin System Now In Place In Europe Effective 1 January 2016
The Economic Collapse highlights the new bail-in system now in effect in Europe .. “This new system is based on the Cyprus bank bail-ins that we witnessed a few years ago. If you will remember, money was grabbed from anyone that had more than 100,000 euros in their bank accounts in order to bail out the banks. Now the exact same principles that were used in Cyprus are going to apply to all of Europe. And with the entire global financial system teetering on the brink of chaos, that is not good news for those that have large amounts of money stashed in shaky European banks.” .. details some of the verbiage from the announcement .. considers the possibility of bank bailins in the U.S.. it’s financial repression.
LINK HERE to European Parliament News
