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RE: Are You Investing In Bitcoin, Gold, Silver, Other Cryptos? Then Read This. By Gregory Mannarino
Hear, Hear! Even though my personal economic situation leaves a lot to be desired, I make it a point to get at least one silver round every time I get a paycheck. While I haven't gotten wealthy by any stretch of the imagination, my silver stash has come in handy dealing with various emergencies.
All one has to do is to research the concept of "bail ins" to realize that leaving one's money as a deposit in a bank is inherently very risky. While there is an extent to which one has to leave some money in an account, I would nevertheless recommend holding some physical cash in hand and definitely some silver.
I have recently given some attention to this new phenomenon that the Western Civilization is about to be introduced to: "Bail-Ins." It's nothing new. Essentially, it has the same net effect as a, "Bail-Out." Only, rather than robbing Joe Taxpayer, they're robbing Joe Bank Customer. And, since our wonderful governments have passed it all into law - it will be legal.
They get this same $#!t passed into law because they change a few words here & there - and everybody knows that Bail-Outs are total B.S. So, they change the name - that way nobody knows it's still the same old crap. People never learn.
IMHO, when that happens we should take some politicians out, line them up, and re-introduce the concept of the firing squad. I mean, why should our parents' life-savings be raped to save the banks biggest investors?