Ann Barnhardt: The “Gone Concern Buffer”, aka Seizing Your Bank Deposits

This came across the transom a couple of days ago, and SHTFplan.com has covered it here, but this REALLY needs to be pushed and publicized.  You’ve GOT to get your wealth out of banks – most especially the big ones.  This is truly sinister, and straight from the mouth of the Vice Chairsatan of the Fed, Stanley Fischer, and a speech given on August 11th at “The Great Recession–Moving Ahead,” a Conference Sponsored by the Swedish Ministry of Finance, in Stockholm, Sweden, as posted on the Federal Reserve Bank’s official website.

Additional steps have been taken in some countries. For example, in the United States, capital ratios and liquidity buffers at the largest banks are up considerably, and their reliance on short-term wholesale funding has declined considerably. Work on the use of the resolution mechanisms set out in the Dodd-Frank Act, based on the principle of a single point of entry–though less advanced than the work on capital and liquidity ratios–holds the promise of making it possible to resolve banks in difficulty at no direct cost to the taxpayer.As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding–this cushion is known as a “gone concern” buffer.

“Bailing-in” is what happened in Cyprus last year.  Remember that?

More…

h/t WRSA

      
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2 Responses to Ann Barnhardt: The “Gone Concern Buffer”, aka Seizing Your Bank Deposits

  1. Sara Alexander says:

    Ann, God bles, protect and guide you, as I trust He does. There is nothing thst I have heard or read that you said that I do not agree with. Your boldness is refreshing. We are called to witness and you my sister in Christ is absolutely what you are doinf. May God give Americans the courage and the strength to stand and fight- fair, and ferocious to defend our faith, families and freedom. Fellow Americans it is time to stand and speak the truth which is God’s word.

    Be Not Afraid. Love One ANother and take no prisoners. Prepare and be on the ready. When necessary take action. Search and destroy… wherever you find evil kill it.

    God bless you Ann. When I listen to you I hear Joan of Arc. America bless God by reading, listening to, living His scriptures and following His commandments. Peace, Peter ~

  2. Joe says:

    “But, indeed, no private person has a right to complain, by suit in Court, on the ground of a breach in the Constitution. The Constitution, it is true, is a compact, but he is not a party to it. States are the parties to it.“ -Padleford, Fay & Co. v. The Mayor & Aldermen of the City of Savanna, 14 Ga 438, 520, S.C. Georgia (1854)

    Hosea 4:6 My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children.

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