"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Here’s Where the Next Bank Deposit “Bail-In” Will Strike…
Submitted by Melinda L. Secor on Mon, 2016-10-10 01:00
"One shot from a pistol pierced the night right before Antonio Bedin collapsed, dead. Antonio, a 67 year-old retired Italian, had just committed suicide. He was plagued by health problems and by the loss of his savings. Last year, four small Italian banks became insolvent and immediately needed capital. They turned to a bail-in. Antonio was one of thousands of small savers who were wiped out. Antonio lost everything. Then he shot himself."
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Shame he didn't have accounts in Luxembourg, Lichtenstein, or Switzerland, and some BitCoin.