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Josh Sigurdson talks with Stephen Kendal and Tim Picciott about the possibility of major bank runs in the near future as the global economy enters into a global depression, the likes of which we have never seen before, not even close.
The problem is, with bank runs being a major possibility, most major economic powers are moving quickly over to a completely cashless society. Even today, most banks carry very little cash. This also risks people losing their money to bail-ins which are being proposed globally.
We have been warning about these possibilities for a decade but today we are facing the struggle.
Stephen Kendal breaks down his thoughts on bank runs, bail-ins and a cashless society. Tim Picciott adds his thoughts on the issue as well from the perspective of a financial adviser.
This was previously recorded live.
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Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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