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11/26/16

World's Oldest Bank Implements Bail In - Monte dei Paschi di Siena Wants Customers' Money



Josh Sigurdson talks with author and economic analyst John Sneisen about Italian bank Monte dei Paschi di Siena's bail-in implementation as shares plummet. The bank is Italy's 3rd largest as well as the world's oldest bank founded in 1472 in Siena, Italy. While the bail-in is voluntary, it's an obvious sign of the times. This is historic news considering the bank's overall history. They've been through this before on several occasions, re-instituting and renaming after past crashes. It once again goes back to the horrors of fiat currency and debt. John Sneisen breaks down this complicated issue and the bank's history. Stay tuned for more from WAM! Video edited by Josh Sigurdson Featuring: John Thore Stub Sneisen Josh Sigurdson Graphics by Bryan Foerster and Josh Sigurdson Visit us at http://bit.ly/29PEahT LIKE us on Facebook here: http://bit.ly/29PEf0W Follow us on Twitter here: https://twitter.com/WorldAltMedia DONATE HERE: http://bit.ly/1VhHRsA Help keep independent media alive! Pledge here and you may be rewarded! http://bit.ly/2cZyRvd ANARCHAPULCO OFFER: Save 10% on your tickets to Anarchapulco by typing in promo code "WAM" at the link below! http://bit.ly/2grhm6Y World Alternative Media 2016 "Find the truth, be the change!


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