by Josh Sigurdson on World Alternative Media
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Josh Sigurdson talks with Mark Gonzales of First National Bullion about the breaking news that The Bank For International Settlements in Basel, Switzerland's "Basel III" (or Basel 3) accord is set to be implemented by 63 central banks leading to bail-ins.
Bail-in regimes are like bailouts, but they're involuntary and are a way for the banks to pay off debts and liquidity issues by emptying your bank account. With the massive shortfall at the FDIC, it's very likely that the vast majority of people's money will be uninsured.
This is happening as the economy is in a free fall collapse, the dollar is losing its battle for world reserve currency vs. the BRICS bloc and banks are facing total bankruptcy with cash to deposit ratios sitting below 1% in most cases.
This move is an open admittance that your money is not safe in the bank and that the global establishment will force you into total poverty in order to give themselves a life raft. In return, everyone will be placed under emergency orders on a digital ID with an eventual CBDC. This will in turn force people onto food and electricity rations on social credit scores. This is the World Economic Forum's move into the "Great Reset."
It is vital that EVERYONE gets prepared today. This isn't about fear. It's about understanding what's coming and protecting yourself from the storm so you can prosper.
Stay tuned for more from WAM!
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World Alternative Media
2024