Are bank bail-ins on the way?
- Thread starter Administrator
- Start date
Maybe. Bail-ins are what made me take a serious look at PM's. I've already prepared for it the best I can by keeping little in the bank.
But here's a thought. Bail-ins may be necessary to get the masses on to a CBDC system. Essentially, retail banks will do a bail-in as a result of some severe financial shock. People will be rightfully upset, the government guarantee will be enacted by APRA but won't be payable in the current system. Central banks will step up and Bail Out the people by returning lost (stolen) funds via their new CBDC system. This could be done in conjunction with a rollout of UBI, and before you know it, the next generation can't remember what the old system was like and cash (freedom) becomes a relic of the past.
But here's a thought. Bail-ins may be necessary to get the masses on to a CBDC system. Essentially, retail banks will do a bail-in as a result of some severe financial shock. People will be rightfully upset, the government guarantee will be enacted by APRA but won't be payable in the current system. Central banks will step up and Bail Out the people by returning lost (stolen) funds via their new CBDC system. This could be done in conjunction with a rollout of UBI, and before you know it, the next generation can't remember what the old system was like and cash (freedom) becomes a relic of the past.
Last edited:
