A number of people have asked me to weigh in how a US Bail-In might work – and while the short answer is “It’s an extremely low-prob event” some explanation is in order…it’s long and involves a lot of thinking, though, so consider yourself forewarned. And this won’t go well because it’s the Global Bankster Hold-up and even young Millenials are wondering “What to we need Bankers for?” Fine question that is, indeed. And we’ll get to it just as soon as we get through a few late-breaking headlines….
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