Watch for “Bail-Ins” in Alberta

One wonders what happens in the event the bank suddenly has to take a massive write down on its energy book. Actually one doesn’t wonder. One knows what will happen: Alberta will have to bail the bank out, setting up a ridiculous scenario wherein provincial authorities will be forced to inject capital to cover losses on loans they forced the lender to make. Read more at Zero Hedge.

 

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We offer fully insured, LBMA approved, Hallmark branded gold & silver bullion that gives you access to all markets for immediate liquidity.

Physical precious metals remain absolutely essential in any investment portfolio which protects you from the economic uncertainty & currency devaluation.

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