Thursday, March 3, 2016

The Coming Economic Collapse & The Insanity of Bail-In Regimes – With Mark O’Byrne

Published on Feb 17, 2016
Mark O’Byrne, co-founder of the hugely successful Irish bullion broker GoldCore recently spoke to WAM’s Josh Sigurdson and John Sneisen about the value of silver & gold as well as the many problems with central banks and the printing of worthless IOU note currency.
During the 40 minute interview, Mark spoke on the coming global economic collapse and why we’re so at risk of plunging into complete economic chaos.
Mark believes there may be a recession or even a depression. There’s a lot of variance between the predictions of experts throughout the world as it’s hard to say exactly how it will happen, but it’s clear it will happen nonetheless.
From economic crash, Mark also spoke of the complete insanity of bail-in regimes which are being placed in the small print of legislation across the planet. We’ve seen bail-ins in Greece and there’s new legislation in Canada that advocates for a bail-in.
Bail-ins will affect people where it hurts the most, the wallet. With banks needing to pay off debts, they will simply take people’s cash out of their bank account as a subsidy. Basically, it’s highway robbery.
People need to understand that the money they keep in banks is not actually theirs and that banks have the unfortunate and absurd right to just take the money and leave people’s lives in ruins. However, it’s part of the contract so it’s up to the individual to be aware and take notice.
We will continue to talk about these crucially important issues as the crash elapses and becomes more important to individuals who will soon be unable to avoid the subject.
We thank Mark O’Byrne for talking with us. We appreciate his passion for this incredibly important issue.

No comments:

Post a Comment