http://albertpeia.com/bankrunsandsystemicfailure.htm
‘On February 22
2013, we released an article focusing on the little known fact that depositors’
savings were at risk in Europe. At that time we wrote:
It’s a little
known fact about the Spanish crisis is that when the Spanish Government merges
troubled banks, it typically swaps out depositors’ savings for shares in the
new bank.
So… when the
newly formed bank goes bust, “poof” your savings are GONE. Not gone as in some
Spanish version of the FDIC will eventually get you your money, but gone as in
gone forever.
Over the weekend, we
received confirmation that Spain is not the only country pulling such schemes:
Cyprus along with Germany and the IMF has confiscated
savings accounts to help fund a bailout of the country.
Confiscated… as in
stolen. To fund a bailout that Cyprus citizens have no interest in funding. In
exchange, they, like the Spanish, will receive shares in the garbage banks that
were bailed out.
Why does this
matter? Cyprus is a tiny country of only 1.1 million people right?
This matters because
it indicates what we’ve been saying since June 2012, the entire European “fix”
was one enormous lie. NOTHING was fixed in Europe at all. ON top of
this, your SAVINGS in Europe can be seized at any time if things get bad.
Reread that last
sentence… people in Europe just woke up and found that the IMF without their
consent, can SEIZE their savings during a bailout.
What do you think
will be the end result of this?
BANK RUNS and
systemic failure.
The deep dark secret
of the entire European Mess is that the minute a real legitimate bank run
begins, it’s game over. Spain got a taste of this last year when a bank-run
brought the country to its knees in less than six months.
Now that Cyprus has
revealed that deposits are not safe in Europe, you better buckle up because the
bank-runs are coming. And when they do, the European Crisis will hit overdrive.
Once deposits flee, banks have to sell assets to meet the capital flight. When
banks have to sell assets to meet deposit flight, they need capital.
And European banks
don’t have any extra capital. They’re leveraged at 26 to 1 and would need to
raise over €1 trillion AT LEAST.
If you are not
prepared for this… prepared for potential systemic collapse brought about by
Europe…YOU NEED TO ACT NOW.
We have released a
number of Special Reports outlining precisely how to prepare for all of this.
The single most
important one is called “The C Word: the Dark Secret the Fed Wants Hidden” and
it explains in stark detail how Europe can bring about systemic collapse… WHY
the Fed is terrified about Euroe and is secretly pumping HUNDREDS OF BILLIONS
of Dollars into the European banking system (QE 3 and QE 4 were European
bank bailouts).
We also have three
reports titled Protect Your Family, Protect Your Savings, and
Protect Your Portfolio and they outline:
1) how to prepare
for bank holidays (just like the one in Cyprus today)
2) which banks to
avoid
3) how much bullion
to own
4) how much cash is
needed to get through systemic crises
5) how much food to
stockpile, what kind to get, and where to get it
And more…
Collectively, these
reports are worth nearly $900. But you can get all of them for FREE with a
subscription to my Private Wealth Advisory newsletter.
To pick up your own
copies of these reports., all you need to do is take out a subscription to my Private Wealth
Advisory newsletter.
You’ll immediate be
given access to the Private
Wealth Advisory archives, including my Protect Your Family, Protect Your
Savings, and Protect Your Portfolio reports.
You’ll also join my
private client list in receive my bi-weekly market commentaries as well as my
real time investment alerts, telling you exactly when to buy and sell an
investment and what prices to pay.
So you get my hard
hitting market insights, actionable investment recommendations, and real time
trade alerts, for one full year, for just $299.99.
To take out an
annual subscription to Private
Wealth Advisory now and start taking steps to insure your loved ones and personal
finances move through the coming storm safely…’
Best Regards,
Graham Summers