You might look at this headline as some kind of wild, leftist conspiracy theory or a scam by some investment firm. But the author is Ellen Brown who is a very reputable economist and advocate of public banking. Her article is about something called a “bail-in”. That means that if the banks cannot pay their debts, they have the legal right to raid the depositors’ accounts to pay their debts. Is the solution to pull your money out now? She says it may be too late.
What we need so badly in this country is a financial activist movement to decide what to do with our money together.
