Yields are rising dramatically as they hit highs we haven’t seen since 2007. This is not good news for banks that hold large amounts of long-term low-yield Treasuries. Financial commentator Mario Innecco (Maneco64) joins us to discuss the possibility of bail-ins and whether bank accounts or even investment accounts are safe.
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INTERVIEW TIMELINE:
0:00 Intro
2:20 Banking system
5:58 Bank bail-ins
9:15 FDIC limit
12:45 Gold & silver markets
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LEARN MORE ABOUT: Bank Failures
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Bail-Ins: How Much Are You Willing To Lose?
In recent years, there has been a growing concern about the stability of the global financial system. The 2008 financial crisis exposed the fragility of the banking sector and led to a series of bailouts by governments around the world. This raised the question of who should bear the burden of a failing financial institution – the taxpayers or the investors?
In response to this question, the concept of a bail-in was introduced as a way to resolve banking crises without relying on taxpayer funds. A bail-in occurs when a failing bank’s creditors and depositors are forced to take a loss on their investments in order to recapitalize the bank.
While the idea of a bail-in may seem like a fair and reasonable solution to a banking crisis, it has raised concerns about the potential impact on individual savers and investors. In a bail-in scenario, depositors with large savings or investments in a failing institution could stand to lose a significant portion of their wealth.
This has led to the question – how much are you willing to lose in a bail-in? For many savers and investors, the idea of losing a portion of their hard-earned money in a bail-in is a concerning prospect. Individuals may have trusted the stability and security of their bank for many years, only to find themselves facing potential losses in the event of a crisis.
To mitigate the risk of a bail-in, it is important for individuals to be aware of the financial health of their bank and to diversify their savings and investments across multiple institutions. This can help spread the risk and reduce the potential impact of a bail-in on their wealth.
Additionally, understanding the regulations and protections in place for bank deposits and investments can provide individuals with a sense of security and peace of mind. Many countries have deposit insurance schemes in place to protect savers in the event of a bank failure, and understanding the coverage limits and eligibility criteria for these schemes can be crucial in managing the risk of a bail-in.
Ultimately, the concept of a bail-in highlights the importance of being informed and proactive in managing one’s financial assets. By staying informed about the stability of their bank, diversifying their savings and investments, and understanding the protections in place for their deposits, individuals can better prepare themselves for the potential risks associated with a bail-in.
As the global financial system continues to evolve, it is crucial for individuals to stay informed about the mechanisms and policies that could impact their financial well-being. By being proactive and informed, individuals can better manage the risks associated with a bail-in and protect their wealth in the event of a banking crisis.
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It is not the depositor's money. When you deposit money, the money becomes the property of the bank. Now they do owe it back to you but after the bankruptcy reform act of 1996 (I think) the unsecured depositors are way down the food chain in reclaiming assets. And derivitives went to the FRONT of the line. Knowing how much derivitive garbage in on their books, the depositors are SOL.
All of the acts that are passed are not representing the interest of the people. Our representative form of government is deteriorating just like they do when empires are in their final days.
Does Miles Franklin have an EU/EEA warehouse yet?
The Whole banking system is a scam!
Nobody's melting anything, stop saying that
Hold the stock certificates in physical form for your mining shares. Its proof of ownership of that stock
Just like the Glass Steagall act was taken away, the FDIC will be revoked too. All of the laws that protected our manufacturing country during the Great Depression will not protect our consumer based economy!
These banks that have been rescued are probably important to create digital currencies and the FED may institute CBDC's to further save the failing banks.
Risk it all. None of the things you call "assets" have any real value anyway so put it all at risk. When you lose you've lost nothing, because you had nothing. If it's just a number on a computer screen or ink on a piece of paper then it's nothing.
BOA has a very good G-SIBS Rating
While they could do a bail in, it would cause complete confidence collaps! If it happened to even one bank, all banks would have to close!
How do you know when you are asleep??
When a thief breaks in and steals what you own and you are ok with it.
If they use your deposits to bail out a bank, who in their right mind would deal with that bank anymore, so they would not even exist anyways with that?
Mario is the Mike Tyson of money.
Think of investing like this: You go to the deli and order a sandwich. Every ingredient is in a 5 gallon bucket of sewer excrement. Gold, silver and commodities are the only kosher ingredients.
Aaaaand, it's gone!
NO MATTER WHO IS IN CONTROL, THIS WILL HAPPEN IN ONE HOUR. WARNINGS DO NOT WORK IN THE INTEREST OF THE PUPPET-MASTERS. LOOK IN THE MIRROR AND GREET THE BAG-HOLDER!
TAP-OUT BEFORE IT IS TOO LATE! WHEN EVERYONE IS RUNNING FOR THE EXITS AT THE SAME TIME, IT IS TOO LATE.