E.U - BANK BAIL-IN LAW PASSED - SAVE YOUR BANK DEPOSITS BEFORE THEY GET STOLEN!

A 'bail-out' differs from the term bail-in (coined in the 2010s) under which the bondholders and/or depositors of global systematically important financial institutions (G-SIFIs)** are forced to participate in the process to save a Bank which is Bankrupt, but taxpayers supposedly are not. Some governments have the power to participate in the insolvency process: for instance, the U.S. government intervened in the General Motors bailout of 2009-2013 - wikipedia

All you guys who are part of European Union need to know that on 01 Jan 2016, European Union had passed a law for official "bank bail-in". The bail-in legislation has been put into law, across Europe. Cyprus 2013 episode is being re-enacted, where bank account holders had their funds seized to "save" the banks. It is very clear that the European Union knows what was coming, but it is also clear to anyone paying attention - What happened in Greece & Cyprus was just the beginning & may soon be replicated across EU.

Bail-in Law has already been imposed (2016) in Italy . As per IMF, Italy's banking system has Low profitability & gross non-performing loans of € 330 billion. In addition to Banca Etruria, bail-ins were triggered at other regional banks - Cassa di Risparmio di Ferrara, Banca delle Marche and CariChieti. Two large Italian banks - Veneto Banca and Banca Popolare di Vicenza have also been told by regulators to raise their capital buffers. The rescue deal forced shareholders and junior bondholders to incur losses. A pensioner near Rome wrote a note criticizing the bail-in for Banca Etruria and then hung himself. The pensioner killed himself after his € 100,000 account at Banca Etruria was confiscated. The suicide drew worldwide attention because it symbolized the frustration and fury of Italian bank customers. Deutsche bank is defaulting on gold refunds & is sitting on trillions of Derivative trades waiting to get busted.

The EU Project Leaders will eventually spread the virus to other EU member countries too & slowly start confiscating deposits of the Bank account holders.

Avoid Bank Deposits! Withdraw your money out of Banks & shift it to safer assets like Gold, Silver, Mining stocks, Bitcoin, Bit Gold debit cards.

**A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis - wikipedia