Posted on 08/21/2016 7:47:07 AM PDT by Sean_Anthony
In the crash of 2008 governments "bailed out" banks with billions of dollars. The next time around banks will be permitted to seize your deposits and exchange them for shares, shares in a failed bank.
On June 22, 2016 Bill C15 became law along with its controversial “Bail-In Regime”. In the crash of 2008 governments “bailed out” banks with billions of dollars. The next time around banks will be permitted to seize your deposits and exchange them for shares, shares in a failed bank.
Some say that Canadian banks are so strong Canadians don’t have to worry. But the experts say “Canada is in Serious Trouble”. DBRS, Moody’s and Standard and Poors all have downgraded Canadian banks to a “negative” outlook. The Bank of Canada says our housing market is 30% overvalued, Deutsche Bank says 63% and CMHC says 35%. With average house prices now over over $1.3 million in Toronto and Vancouver a crash appears imminent.
Any rumors of this here and there will be a massive run that will crush banking...planned that way of course.
The banksters always come first. Always.
My and I should probably have my savings sewn into my mattress.
Why? Just wondering :)
The First National Bank of Simmons Mattress Company. I know it well.
I now understand why people hid their money in “mattresses” back in the “old days”.
As is, banks are not paying any interest (to speak of), if there is no guarantee protection of your money then why bother with a bank?
So banks become all risk and no benefit.
They must think people are really stupid.
I see the law of unintended consequences coming into play as people find ways to protect their assets.
Some say that Canadian banks are so strong Canadians don’t have to worry.
Worry ,Liberal Leader Trudeau is in charge
Anyone familiar with bank balance sheets knows that deposits are considered LIABILITIES. Loans are assets of a bank. So, when the SHTF, expect them to move the loan liabilities down to the equity portion of the balance sheet. Whose equity: theirs of course!!
If true that makes them thieves and our society has become lawless. I guess if they don’t mind stealing my money they won’t mind it if I come into the bank to get my stolen money back with a shotgun.
Sharia banking, anyone?
Gold. Buy it. Bury it.
So if banks can now steal your money and leave a worthless IOU, does that mean I can go into the Last National Bank and tell them to hand over 10 million, and all I gotta do is leave a little slip saying “we’ll get back to you someday”?
Guess the FBI is outta biz.
Lead, brass. Buy & stock it.
If you can’t protect (gold, food etc), you don’t own it.
If memory serves, the last G20 meeting in 2014 was an agreement that bank deposits are no longer your money, but regarded as an ‘investment’ in the bank, as if the depositor bought shares of stock.
This was and is still an outrage, but few know about it for the usual reasons - big media blackout.
Everyone will find out quickly enough when the next banking crisis hits.
And not to mention that complete, utter disappointment who happens the Ontario Premier.
Pardon me, I meant to say not to mention as well the complete and utter disappointment who happens to be the Ontario Premier.
Ping!
That is theft. Not bailin. Stealing. They always give it a nice name to hide the reality.
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