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Tag Archives: Bail-in
When the people in power realize there is no resistance to their authority, their quest for absolute power becomes self-evident. What happens after the bank bail-ins and confiscation of retirement plans? Remember federal income tax was only for the rich … Continue reading
Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you … Continue reading
The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage. After seven hours of … Continue reading
BAIL-IN OF WESTERN BANKING SYSTEM OFFICIALLY BEGINS AS UK’S CO-OPERATIVE BANK TO BAIL-IN £1.5BN WITH 100% LOSSES!
The bail-in of the western banking system has officially begun, as the UK’s Co-Operative Bank is seeking a £1.5bn bail-in recapitalization with junior bond holders and investors (including pension funds) facing a complete-100% wipe-out on £370m of permanent interest bearing shares (PIBS) … Continue reading
Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing a proposal to European finance ministers that will hit depositors that hold over €100,000 in the event of future bank collapses. The Irish know a bit about bank … Continue reading
The Swiss document begins by advising that the FINMA now has legal authority to confiscate depositor funds, thanks to a revision of the Banking Act of 1934, completed in 2011, as well as the revision of the Bank Insolvency Ordinance completed Nov … Continue reading
Unmasking the Globalists behind the Cyprus Confiscation (Bail-In) Model First it was people with bank accounts in Cyprus whose deposits were confiscated, “bailed-in,” or given a “haircut,” without their knowledge to recapitalize the Bank of Cyprus after Laiki Bank went bankrupt and … Continue reading
FDIC & BANK OF ENGLAND CREATE RESOLUTION AUTHORITY FOR UNLIMITED CYPRUS-STYLE “BAIL-INS” FOR TBTF BANKS!
The Federal Deposit Insurance Corporation (FDIC) and the Bank of England—together with the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Financial Services Authority— have been working to develop resolution strategies for … Continue reading