The Millers definte what a “bail in” is and answer whether the FDIC program offsets a “bail in.” They also describe the process of sending money overseas to avoid a “bail in.”
They then talk about the U.S. banking system and how Americans can side-step the “bail in” problems.
Find out more about John and Monica Miller at http://www.banking-holiday.com.
John and Monica Miller, formerly of Hawaii and now residents of New Zealand, believe that Australia offers some of the best financial conditions in the free world. The Country is debt-free and the wealth is staggering. It is a resource based economy that is still prospering.
Therefore, before capital controls and retirement account seizure takes place, this is certainly a place that should be considered when trying to internationalize assets. And while they drive on the wrong side of the road, the weather is quite nice, and there are some incredible beaches and cities.
Check out this episode!
