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The Crisis That Could Make Your Bank Take Your Money
NowPress play to follow along0:00 / 2:21
Chapters5 segments · tap to seek
ticker lesson
Breakdown
0:00gold· ticker
Gold — QE leads to surge
- QE leads to gold surge
- Shadow QE not same as real QE
- Semantics matter in labeling QE
1:48lesson
Dollar crisis and repression
- QE creates dollar crisis
- Repression via capital controls
- Currency controls and bail-ins
1:49lesson
Bail-ins explained
- Bail-ins replace bailouts
- Banks can use retail money
- Money is loaned to banks
1:50lesson
Legal basis for bail-ins
- Dodd-Frank allows bail-ins
- Retail money used for bail
- Law is clear on this
1:51lesson
Currency crisis and citizen sacrifice
- Currency crisis leads to repression
- Money cannot be taken out
- System protected at citizen's expense
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