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Rumors have been spreading about the possibility of a bank “bail-in” maneuver being utilized since mid-2021. As the central banks and government economic advisors warned each other behind closed doors about the possibility for economic collapse, many started making plans for what some felt was an inevitable need for a bank “bail-in.”
Bail-ins allow banks to convert debt into equity to increase their capital requirements. They shift the risk to unsecured creditors, including depositors whose account balances exceed the FDIC limit of $250,000. In other words, they steal your money.
Plans are emerging from European central banks, as detailed by Greg Reese at Infowars:
I did a brief segment on my show today about this. The key takeaway for anyone with over $250,000 in any one account: Diversify. Spread your money out as best you can. Use multiple banks. Even better, put it into non-bank accounts. Get physical precious metals or other items of sustained value and secure it at your home. Don’t let them steal your money because if we stay on the current trajectory, bank bail-ins are almost certain.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
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Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.