Time for Another Uncomfortable Conversation
Bank Holidays and Bail Ins
Are they coming ?
Is your money really in your bank account
From what I understand the Governments and banks consider it THEIR money
once its in their hot little hands.
There has to be a derivative bomb going off here .
There HAS to be a liquidity problem so gigantic that No Central bank can deal with it
There have to be hedge funds going under and taking every one down with them.
Pretty quiet on all these for now.
But can we trust what is really going on ?
Will we soon be reduced to a hundred dollars a week from the bank machines ?
Yup .. its definitely time for that exact conversation.
And I’ve been starting it already with F&F. Crickets too.
MA is discussing bank holidays also. Europe especially.
I am hearing bad things gentleman. Baton down the hatches.
Yup.
Even Canadian mutual funds don’t have to act on buy/sell orders if it’s not in the best interest of the bank or fund. I got a letter from my bank way back re Mutual Funds. Legislation drafted by Harper brought in under Trudeau’s first federal budget. Cash is still King second only to my Maples……..Cash is a Trash interview not gonna age very well imo…
On the bright side when the dust settles the opportunity for wealth transfer to individuals with there eyes open and the foresight to see opportunities skies the limit IMO.