Alasdair MacLeod of GoldMoney joined us today for an engaging discussion about what’s going on in the bank world today. The world has made the decision that in the event of wide scale bank failures, large depositors are going to pony up or participate in an involuntary bail-in. While this may be the only way to save the system, it could be a case of killing the village to save it, a strategy popularized by the United States’ involvement in the Vietnam War. If this doesn’t get large depositors spreading their wealth around, then nothing will.
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