The End Of Safe Banking: What You Need To Know Now
The End Of Safe Banking: What You Need To Know Now!
By Peter Reagan – Birch Gold Group (Republished by Citizen Watch Report)
After several major bank failures that ended the first quarter of last year, regulators are supposedly seeking to minimize the odds of another banking crisis.
(Hint: They weren’t very successful preventing what happened last year, the Fed’s cure ended up being worse than the disease.)
Their proposal currently goes by the name of Basel III, and it aims to force banks to set aside enough cash to handle major losses:
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