How to Avoid Bank Bail-in & Protect Your Cash - John Truman Wolfe

3 years ago
378

John Truman Wolfe explains how to avoid bank bail-in, which allows banks to take your deposits and convert it to bank stock without permission. John wrote The 99 Strongest Banks In America and Why It Matters, and explains why you should pay attention to the strength of your bank and how Dodd-Frank allows bank bail-in for banks with assets greater than $50 billion.
0:00 Intro
1:09 The huge derivatives bubble
4:03 Government won't allow big banks to fail
4:43 Bail-in policy: the bank has the right to take depositors currency deposits and convert it to bank stock without permission
10:10 Bail-in policy applies to banks with assets greater than $50 billion
16:55 Will the US lose its reserve currency status?
17:45 China stockpiling gold
21:44 Dangers of national digital currency

Learn More: https://www.jasonhartman.com/

Listen to the podcast: https://www.jasonhartman.com/podcast/

Have questions or topics you want me to do a video on? Let us know in the comments below. If you love real estate investing, SUBSCRIBE!

#bankbailin #usdollar

Loading 1 comment...