Failing Banks Can Convert Your Deposits Into BANK STOCKS

‘It has started.

As of January 1, 2016, all European banks will be subject to “Bail Ins”.

What is a Bail In?

A Bail In is a procedure whereby a failed or failing bank can convert some of your bank deposits into the stock of the failing bank. In other words, money in your bank account can be taken by the bank and converted so that you would now own stock in what had been a failing bank.

You see, once you deposit money in a bank it is no longer yours. It belongs to the bank. You are what is called an “unsecured creditor” of the bank. The bank owes you the money as if you had laid the carpet in the bank lobby.’

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