Why nobody’s bank account is safe thanks to Basel III and “Socializing the Losses”

Basel III, Socializing the Losses, Unmasking the Globalists behind the Cyprus Confiscation

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 was allowed to fail. Next the U.S., U.K., and Canada were warned that their bank deposits could meet the same Cyprus -confiscation fate based on irrefutable documentation here.

Now behind the smoke and mirrors of supposedly preserving the international financial and monetary system the truth emerges and all the pieces fall into place. Warning: every G-20 country—every major bank and financial institution in every nation could be next.

Why? Because thanks to shadowy globalists groups called the Basel Committee, and the Financial Stability Board (FSB), both housed within the mighty Bank for International Settlements (BIS), and Basel III, no one’s bank deposit is immune to the Cyprus confiscation model if more banks fail.

Did anyone really believe that some Eurozone ministers and the International Monetary Fund’s Christine Legarde came up with the terms like: “haircut,” “bail-in,” or “template” for future banking crises all by themselves? Did everyone really think that the broad-daylight theft of bank accounts in Cyprus could not happen to them?


Plugin by: PHP Freelancer
This entry was posted in Education, Financial and tagged , , . Bookmark the permalink.