Bail ins next after OPEC crashes the oil market?

[Admin1]

experts in the markets have been warning that budget bills have been moving through Congress and signed by the President which would allow banks to simply confiscate your deposited money. This has happened in other countries around the world, most recently in Cyprus, and this guy is warning again that the day rapidly approaching where bail-ins will be a fact of life in the USA.

When we deposit our money into a bank we are loaning the money to the bank for an extremely low interest rate. We are unsecured creditors just like a person with a credit card from visa or Amex.

The 2015 federal budget bill that was just passed repealed a part of the Dodd-Frank financial reform law, which protected our savings we deposit into banks. The new budget provision would allow banks to use the savings accounts of Americans to speculate in the markets. Basically the banks would use our savings to help their big clients make high risk investments on derivatives, the technical financial instruments that were at the center of the financial crisis. This new legislation will not benefit any of us serfs.

In the video Kirby says the oil prices may seem great to the average American when we go to fill up. But he says the reality is it may in fact cause the next financial debacle. All the debt tied into the shale oil market here in the USA will be tied into the cost. Similar to what's happening to the Russian oil market and their economy now.

He says this will trigger QE4 and banks will use bail-ins to pay off the high risk debt. Sounds like it's time to start closing savings accounts and hiding cash in the mattress.