Bail in – A Western world financial concept
– Is your faith required to be a bank depositor misplaced?
– Do you know the moment you make a bank deposit you no longer have an asset but rather are legally an unsecured lender to the bank?
– Bail in can easily be avoided by simply utilising banks outside of the western system
– It is time to bank with the BRICS?
James E. Sinclair, CEO and President, Tanzanian Royalty Exploration Corp. and Executive Chairman, Singapore Precious Metals Exchange