Banks to Seize Your Money in Coming Financial Crisis Warns David Morgan
The world is going to have another banking crisis but the next time around, the banks are going to take depositors' money via a "bail-in." This is the latest theory from respected market watcher, David Morgan of The Morgan Report.
Morgan tells our Daniela Cambone, “The bailout situation is over. It will be bail-ins next time, which means you become an unsecured creditor of the bank. This means that if you don’t hold it, you may not own it. If we were to have a bail-in, they may not take all of your currency, but they would probably take part of it."
Morgan compares the situation to Argentina; "All the money in their banks was still yours, but you were limited to what you could take out."
#banks #financialcrisis #investing
ICYMI, check out Daniela's latest interviews here! - sbry.co/n4L3R
Be sure to sign up for exclusive content and interviews from Daniela that you can't find on YouTube! - sbry.co/SRE79
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Видео Banks to Seize Your Money in Coming Financial Crisis Warns David Morgan канала Stansberry Research
Morgan tells our Daniela Cambone, “The bailout situation is over. It will be bail-ins next time, which means you become an unsecured creditor of the bank. This means that if you don’t hold it, you may not own it. If we were to have a bail-in, they may not take all of your currency, but they would probably take part of it."
Morgan compares the situation to Argentina; "All the money in their banks was still yours, but you were limited to what you could take out."
#banks #financialcrisis #investing
ICYMI, check out Daniela's latest interviews here! - sbry.co/n4L3R
Be sure to sign up for exclusive content and interviews from Daniela that you can't find on YouTube! - sbry.co/SRE79
______________________________
Follow us on Facebook: https://www.facebook.com/StansberryResearch
Follow us on Twitter: https://twitter.com/stansberry
Follow us on Instagram: https://www.instagram.com/stansberry_research
Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research
Видео Banks to Seize Your Money in Coming Financial Crisis Warns David Morgan канала Stansberry Research
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