Next time it’s your money that will bail out the banks

In the last banking crisis the government used tax-payers money to bail out the banks. A lot of people were naturally very angry about that – particularly as million pound bank bonuses continued to flow to the very incompetents that had caused the problem in the first place. Now the situation is even worse because the next time the banks fail it will be personal and business deposits that will be used to save them – not tax-payers money.

That’s right – depositors will have their cash confiscated just like we saw in Greece.

This is happening at exactly the same time as the banks are reducing the “protected cash savings” in your account from £85,000 to £75,000. You have to ask yourself why would anyone do that?

Who bails out the banks next time? – Why you do, of course!

Nearly all of the EU countries now have the so called bank “bail-in” option in place. This means that when a bank or other large financial institution gets into financial difficulty the first port of call to prop them up will be the individuals and businesses that have money with that bank.

These new rules are called the Bank Recovery and Resolution Directive, BRRD for short – catchy don’t you think?

They are designed with one aim and that is to stop governments having to bail out any bank that gets into trouble by propping it up with YOUR money instead. Are you even aware of these new rules?

What happens when your ATM won’t give you YOUR money?

As always, banks and governments work on the basis that any money in the system is their money not yours and when your ATM says NO what are you going to do?

Most people don’t even know these rules even exist and the European Commission is now threatening legal action against the remaining few countries that have yet to adopt the new rules.

This list of six countries to still adopt the new system are Poland, Luxembourg, The Netherlands, Sweden, Romania  and  the Czech Republic. No doubt all six will soon be forced to fall on their sword and adopt the new banking rules.

The £75,000 so called “bank guarantee” won’t protect you.

If you’re thinking “That’s OK – I don’t have that much in the bank and the £75,000 guarantee will ensure I’m OK” – well you could be in for a very nasty shock. If the banks get into trouble again there simply isn’t the money there to bail them out. Everyone is likely to take a hair cut. Rest assured that the rules will literally be changed overnight as the interests of the banks are put, once again, over the interests of the people who save their money with them in the belief it is fully protected.

Your total dependence on a banking system that is clearly in crisis from money printing and global hacking is currently one of the biggest threats to your wealth.

I urge you to act now to limit the damage.

Don’t keep all of your money in the bank.

It’s vital that you take the sort of measures I have covered in my newsletter to ensure you’re not totally dependent on the banking system for your survival. Holding cash and precious metals at home is considered by many to be a risky business. That’s simply not true and you only need to adopt a few simple measures to ensure that your cash, gold and silver are kept safe whilst still being under YOUR control.

A modern home has more hiding places than a pharaoh’s tomb and modern safes are small and highly effective (have at least two so the first is your “easy find” dummy should things go wrong).

I don’t know how many warnings you need but you already know that your bank account is currently one of the least safe places to keep your money. Start making preparations now to protect what you have worked so hard to achieve in life.

Remember, there’s absolutely no downside to having your own personal banking system in place. If I am wrong you have lost nothing – but if the next banking crisis means you are going to lose some of your money to finance incompetent bankers and politicians then this is a warning you cannot ignore.

Ask yourself this: Why are governments putting these measures in place now? Governments are acting now to protect their own interests – and you should do the same!



  • At £100 to double-you’re not really competing with large scale seasoned professionals.

    Once you go down the doubling numbers you begin to compete in effect with institutions and or Goverment policy etc(as that kind of continual doubling becomes an Intrest to the other 7 billion people and stated Goverment)

    As a result-after a handful of these ‘doubling’ moves…the ability and time and competing positions from other investors and said governments etc just make the ability a compounded hardness.

    Hopefully as we become more sophisticated we can enjoy these posts but realise they are like any other headline….attention seeking!

    • I’m afraid that none of that is even remotely true, Gerry. Remember, DYWTAM was written by not one, but two, multi-millionaires using these very techniques. I suspect that you’ve been ripped off in the past by the many “get rich quick schemes” that are out there. That’s a real shame. Having done all of the fourteen levels myself, (and I watch others do the same every week), I feel highly qualified to disagree with every single one of your comments. If you’re not rich now then you have to change your thinking if you want to make serious money. Here’s the thing; “If you keep doing what you’ve always done – you’ll keep getting what you’ve always got”. Stop and think about that for a minute. I don’t know if you live in a two million pound house but if you don’t, here you are telling someone who does that this won’t work. Really? The DYWTAM Programme is a genuine no-nonsense guide on how to become a millionaire – and absolutely anyone can do it.

  • Barry, is it only 10 issues of Double your way to a Million? A friend of mine who is interested wants to know, thanks.

  • hi barry i am interested in your horse racing course and your recommendation of using isiris,i understand kevin booth has resigned from isiris do you still recommend we use this company still thank you,and also i notice on your websitethat it is still dated 2017 .

    • Good question. I have not used the Isiris service recently. I had a brilliant 11 year run but eventually I got closed down by all the bookmakers. I guess that’s a real sign of success but it was fun to do and I actually miss it. I did not know that Kevin had actually retired but I understand that the results this year have been extremely good. Maybe regular readers who still use Isiris can update me on that one and let me know how they are doing.

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