Wednesday, 23 September 2020

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Sunday, 28 June 2015 00:00

Those Who Heeded My Advice on Setting Up A Veritaseum "Bail-In" Contingency Plan Look Very Smart Right Now Featured

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Two months ago I penned "EU Area Residents' Step-by-Step Guide to Escaping the Upcoming Bank Bail-ins & Capital Controls". It was a very dense, information packed piece - and as recent events have illustrated - extremely timely as well. You had just enough time to build up enough capital outside of the fractional reserve banking system to make a real difference. Why would one do such a thing? Well, a quick review of the Zerohedge headlines from this morning:

  1. Draghi Freezes Greek ELA, Varoufakis Tells BBC "Looking At Imposing Capital Controls, Closing Banks"
  2. ECB Says "Greek Bank Holiday Now Necessary"
  3. G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday
  4. "Spread Bet" Early Market Opening Indications: Stocks Tumble, Europe Crashes

The upcoming (well, actually... now arrived) capital controls were literally guaranteed to happen and blockchain tech that we use is literally custom designed to circumvent both said controls and the leveraged methodology that required the use of such controls in the first place. The beginning of the guide gives you a history of what causes bank runs and bank holidays/bail-ins, while the second half of the guide is entitled "How To "Bail-in Proof" Your Money, a Step-by-Step Tutorial".

It may not be too late to read it and benefit, but the longer you wait...

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