Have you heard of a bail-in? This is when banks can take YOUR DEPOSITS and bail themselves out.
You’re probably thinking, “that can’t be legal”, but it is!
A 2010 Obama-Era law by the name of Dodd-Frank allows banks to use your deposits to bail themselves out if they start to fail.
Which makes this Wealth Protection Guide that American Alternative Assets just put out even more urgent.
A bail-in takes the requirement off of the government and the banks to fix their failing company and instead makes the average, hard working American front the bill.
So what is the likelihood that a bail-in will happen?
With Bidenflation at an all time high, the housing market in a bubble, and government spending exploding, we are barreling towards another recession or worse, a depression.
If 2008 happens again, banks won’t turn to the government for a bailout, they will come for your savings and bail-in.
Just ask the people of Lebanon and Cyprus, both of them have experienced bail-ins and these peoples savings are lost forever.