What Form Will The Great Confiscation Take – And How Can We Prepare?…(Read!)
by John Rubino via DollarCollapse.com,
ZeroHedge.com
Feb 11, 2017
For what seems like decades, people have been warning that the next time some over-leveraged corner of the financial system implodes, bank and brokerage accounts will be either confiscated by desperate governments or lost during the resulting chaos.
Here, from 2012, is a representative warning from gold mining eminence grise Jim Sinclair:
My Dear Extended Family,
In bankruptcy of your bank, broker or fund, you can find your assets in the majority of cases are backing the liabilities of the entity in front of yourselves. This is why you must act to protect yourself.
No one in this financial world is going to do it for you, and few will have the courage to recommend you escape Street Name. You can wake up one day and find out that your investments are gone.
The insurance programs will function as long as the incidents of bankruptcy are isolated events.
In a systemic collapse the insurance funds are not capitalized to meet the potential obligations. The guarantor you are relying on will have to be bailed out.
The Rest…HERE
