DID YOU KNOW?
When a BANK fails, it is legal for that lending institution to perform a "bail-in" (rather than a bailout) for itself.
The first sign or signal to the depositor is a red flag moment easy to recognize.
The ATM is "out of cash".
????
Has this happened to you at your bank lately??
????
"Where there is smoke there is fire".
YOUR MONEY is considered a LIABILITY by your Bank.
(You consider it an asset.)
A failing bank is running out of YOUR MONEY deposited in checking and savings accounts.
Who wins?
The one holding possession of the $$ holds the power.
You are allowed to "fail" but the bank has the law on its side if it resorts to the bail-in procedure.
If a bank runs out of money your account is a liability that must be eliminated by the BAIL-IN.
Do I need to explain how that works?
Definition of BAIL-IN:
"A bail-in helps a financial institution on the brink of failure by requiring the cancellation of debts owed to creditors and depositors. " Huh? A bank simply cancels for itself what it owes YOU.
Just look at the difference between bailout and bail-in:
Bailouts help to keep creditors from losses while
bail-ins mandate that creditors take losses.
If the bank owes you your money, YOU take the loss - not them.
This is in the current law.
QUESTION: Have you had any trouble getting money out of an ATM lately?
Smell the smoke and avoid the fire.
YOUR BANK can legally steal YOUR money.