UK Sovereign Debt Meltdown Increases Chances of Bank Failures and Bail-Ins.

#UK #IMF #bonds #sterling #inflation #debt #dollar #bankofengland

Today we will look at the UK government bond and how the meltdown in prices is leading to a huge spike in yields which will translate into higher borrowing rates for the government, mortgages, and any transaction to do with credit and borrowing.

We will look at how even the IMF is warning the UK government about the precarious situation. Our conclusion is that the banking system could quickly fall into a precarious situation that could lead to depositors' money being bailed in like in Cyprus back in 2013.

Bail-In is the law of the land in the UK thanks to the Banking Act of 2009. Executing bail-in: an operational guide from the Bank of England: https://www.bankofengland.co.uk/paper/2021/executing-bail-in-an-operational-guide-from-the-boe#:~:text=Bail%2Din%20is%20one%20of,losses%20where%20a%20firm%20fails

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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