Bill’s commentary:
“What will happen? We will all soon see in real time …!”
Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest banks) to bail in or expropriate their creditors’ money in the event of insolvency. The problem is that depositors are classed as “creditors.” So how big is the risk to your deposit account? Part I of this two part article will review the bail-in issue. Part II will look at the derivatives risk that could trigger the next global financial crisis.
Bill’s commentary:
“You had to know this was coming if any part of your brain was functioning.”
Whenever the national news mentions cities demolished by the riots, Portland is always on the list. Committee to Unleash Prosperity ran the headline, “What Happens When the Last Business in Portland Leaves the City?”
Portland riots were one of the worst in the nation, but businesses might have recovered if government hadn’t spired them on and nourished the destruction. Riots led to permission, to defunding police to no convictions resulting in more shoplifting, harassment, destruction of property to canceled liability insurance followed by increased taxes and closures.
BillHolter.com 
How is Jim Sinclair doing?
My Subscription to JSMINESET.com vanished with no notification of what changes were being made.
Can anyone advise me on how to delete all my credit card information as it was annually automatically used for the no longer, I assume, jsminest.com. ?
Has the whole weekend phone call “with the boys,” discussion completely no longer?
Just trying to get caught up. Thanks, Blake
LikeLike