The Catastrophic Threat Of Bail In

The Catastrophic Threat Of Bail Ins by Jeff Nielson, Sprott Money It has now been more than two and a half years since the Cyprus Steal , the first “bail in” perpetrated in the Western world, occurred. Before reviewing the history of this newest financial atrocity, it is necessary to define the terms. The term ” bail in ” describes a scenario in which a bank confiscates private property to indemnify itself for losses it has suffered. A bail-in is a totally lawless theft of assets, as there is no principle of law (of any kind) that could authorize such…