from JS Mineset:
My Dear Extended Family,
Bails-ins do not require a crisis to occur and can surface one bank at a time, spread out over years.
Too big to fail is no longer valid at all.
Those that are not already international will find it very difficult to navigate the hoops that must be crossed for a Westerner to open an account anywhere internationally. For those that cannot think internationally, think very local, smaller local banks that have not taken bail-out or TARP money.
Gold is for saving, especially now at these extremely discounted price. Gold is no problem now as it will trade to new highs.
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