Russell Napier Declares November 16, 2014 The Day Money Dies
This is big. It essentially ranks bank depositors below almost all unsecured bank creditors other than bondholders, and sets the stage for "bail-ins" when the next financial crisis hits, for all g20 nations. Why keep savings in a bank paying negligible interest, but with considerably increased risk again?
Let the trolls commence.
This is big. It essentially ranks bank depositors below almost all unsecured bank creditors other than bondholders, and sets the stage for "bail-ins" when the next financial crisis hits, for all g20 nations. Why keep savings in a bank paying negligible interest, but with considerably increased risk again?
Let the trolls commence.
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