Canada Prepares For Bankers To Dip Into Personal Accounts! – 4 May 2013

easy-moneyWhat happened in Cyprus, was a practice run in forcing a country to relinquish its sovereignty as the bailout funds turn into bail-ins! Whether it is a bailout or bail-in, the ordinary citizen still pays. One state, one government, Europe or more specifically, the European royals – time will tell.

The 2013 Budget of the Harper Administration has an interesting clause on page 145. The clause allows banks to convert liabilities into capital in times of need, and deposit accounts qualify as ‘liabilities’ despite the fact that banks would not exists without them – cash flow!

“The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital.”  (Budget 2013 -page 145)

One wonders what that would be called if/when one goes bankrupt!

Mark Carney, Canada’s top financial regulator implied that customer deposits over $100,000 may not be protected.


Related Topics:

Face It Canada has No Sovereignty*

Central Bank of Cyprus Ordered all National Banks to Close!*

Who Needs Who!

The Gold Behind the New $100 Bill

Usury – The Root of All Evil?*

Royal Bank of Scotland VP arrested on $10mn Fraud*

This is How Many Leaders today will be Remembered

It Took Just Three Hundred Men and Women!

50 Ways to Starve the Beast*

Let Them Starve!

Belgian MP Exposes Neo-Colonial Plot*

Billionaires Dumping their U.S. Stocks*

French Workers Threaten To Blow Up Their Factory*

Welcome to the New World Order

Navigating 2013!

Global Banksters Gunning for Correa for Taxing Them!* / link to original article


One response to “Canada Prepares For Bankers To Dip Into Personal Accounts! – 4 May 2013

  1. Reblogged this on Spartan of Truth and commented:
    Thanks Lucas…