So as soon as you put Your Money into a Bank account
it Legally becomes the Banks money,you have loaned
the bank money & have become an unsecured creditor.....
So in their Infinite wisdom,in the next financial crisis
instead of the CB's printing money to rescue the banks
they will bail-in unsecured creditors & take their
money instead.
So the same taxpayers that are now liable for trillions
of potential banking derivative losses also face their
savings being confiscated in a bail-in.....these measures
are apparently good for the people & bad for the banks,
or is that terrible for the people & a god send for the banks?
How anyone believes their country is run by their elected
representatives in the interest of the people who elected them
& not the banks who they protect is beyond my intelligence....
I mean you would have to be a conspiracy nutcase to believe
those that control & print money from nothing really run
things,it's not as if these guys have been caught rigging every
market & get away with it bar a small fine each time...lol.
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