New Zealand is putting the plan in place to be able to take people's money on deposit in the banks overnight, just as Cyprus. They are using Cyprus as their model too. They are saying this will help insure that banks do not go under.
If people don't see the writing on the wall everywhere around the world then they are completely asleep!
I am astonished, countries are not thinking ahead. You tell the people of your country, you will take their money overnight that is in a bank... do you really think, people are going to keep their money there?
This should start bank runs around the world!
At least the governments and banks of the world are showing their true colors now and doing it blatantly where people can begin to wake up!
Get your money out of banks and into real wealth - Metals!
Portion:
National planning Cyprus-style solution for New Zealand
The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.
Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.
“Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand – a solution that will see small depositors lose some of their savings to fund big bank bailouts,” said Green Party Co-leader Dr Russel Norman.
“The Reserve Bank is in the final stages of implementing a system of managing bank failure called Open Bank Resolution. The scheme will put all bank depositors on the hook for bailing out their bank.
This is no accident. Bankers want that people start to retrieve their money from the banks and banks have a reason to fail. This is going to end to complete collapse of banking system. If Cyprus is not enough to scare people then New Zealand will be next and so on until people panic.
ReplyDeleteSeriously, why are we not getting this from the news, why are we not demanding what the people in Iceland did, sack the bankers, nationalise banks and end the fiat debt currency monopoly. If my pay goes into the bank and someone skims my card and gets say $300 from an ATM somehow, that is theft, the banks cover it, the police prosecute the offenders. How is the bank saying alright Dave we have fucked up and squandered all our money on risks and gambles and have not protected your savings from the losses. So we are going to skim a bit out of your account, and every others account to prop us up a bit more,is this not the same as theft by a skimmer or ATM hacker? The banks need to realise that if we all take out our cash, those ones and zeros on their little sheets add up to nothing, they will not have anything to physically lay their hands on. This is why the big push for cashless society, so we lose control of our own hard earned funds. Imagine no cash, and you can't transfer your money because it is frozen while they rape it! meanwhile Mr bank executive in his boardroom finishes sacking 100 more tellers in branches and collects his "productivity bonus" on top of his inflated salary. Hang a few bankers and they might get the message, otherwise, bartering is going to become very popular sooner rather than later.
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