FDIC and BOE paper: One Controlling Entity for U.S./U.K. Financials. Plan for continuity of banks/money from "top down" and taking depositors money

This is one of those government papers from the FDIC website, where you read it and are able to see what they have planned.

The FDIC and the Bank of England put the plan together.  It is basically a One (New) World Order for financials and banking.  It even says the saving would be from the 'Top Down' in the paper.

This paper focuses on the application of “top-down” resolution strategies that involve a single resolution authority applying its powers to the top of a financial group, that is, at the parent company level. The paper discusses how such a top-down strategy could be implemented for a U.S. or a U.K. financial group in a cross-border context. 

This paper was finished in December of 2012.   This next paragraph proves they have been putting the plans in place to do 'bail ins' (steal depositor money) in the banks for awhile now.

The introduction of a statutory bail-in resolution tool (the power to write down or
convert into equity the liabilities of a failing firm) under the RRD is critical to implementing a whole group resolution of U.K. firms in a way that reduces the risks to financial stability. A bail-in tool would enable the U.K. authorities to recapitalize an institution by allocating losses to its shareholders and unsecured creditors, thereby avoiding the need to split or transfer operating entities. The provisions in the RRD that enable the resolution authority to impose a temporary stay on the exercise of termination rights by counterparties in the event of a firm’s entry into resolution (in other words, preventing counterparties from terminating their contractual arrangements with a firm solely as a result of the firm’s entry into resolution) will be needed to ensure the bail-in is executed in an orderly manner.

Here is another sentence about the depositors bearing the burden of the bank.

 requires that the losses of any financial company placed into receivership will not be borne by taxpayers, but by common and preferred stockholders, debt holders, and other unsecured creditors.

Read this next sentence and laugh.  They have the nerve to put the words " minimizes moral hazard" in, when they are stealing people's money.  They don't even know what the word "moral" means.  They have none.

Once appointed receiver for a failed financial company, the FDIC would be
required to carry out a resolution of the company in a manner that mitigates risk to financial stability and minimizes moral hazard. Any costs borne by the U.S. authorities in resolving the institution not paid from proceeds of the resolution will be recovered from the industry.

Number 30 specifically talks about U.K. stealing people's money:

 The U.K.’s planned approach to single point of entry also involves a top-down 
resolution. On the basis that the RRD will introduce a broad bail-in power, the U.K.
authorities would seek to recapitalize the financial group through the imposition of losses on
shareholders and, as appropriate, creditors of the firm via the exercise of a statutory bail-in
power. This U.K. group resolution approach need not employ a bridge bank and
administration, although such powers are available in the U.K. and may be appropriate under
certain circumstances.


Here is their 'top down' strategy again:

A top-down resolution by definition focuses on assigning losses and establishing new capital structures at the top of the group. This approach keeps the rest of the group, potentially comprised of hundreds or thousands of legal entities, intact

Then read this little paragraph.  Them working on having their One World Bank authority and overcoming individual country laws/governing bodies:

A key part of the work undertaken by the U.S. and the U.K. has been to identify the regulatory obligations of foreign authorities in response to a resolution originated by a home authority. Where any impediments to effective whole group resolution have been identified, authorities are in the process of exploring methods to overcome them.

Read the whole paper!  You will find it basically says One World Government in many ways and it will put the future financial problems on the depositors of the banks.  It also will worry about the Top Down.  In other words "screw the people" we need to be sure we are protected!

This is outrageous and people need to see this is from their government!  

If people won't believe and wake up, when they are reading a government paper about how the banks will take their money and putting all the pieces in place to do so.  They even say it is with a One Authority!  

Well, the Long Awaited FDIC 2nd Quarter Report, Finally came out today - Media is on it - But not honest

We finally got the 2nd quarter report from the FDIC today. Surprising enough, the media is actually reporting information about it. BUT they are not being honest. Yes, they are saying there are 416 banks in trouble, as they failed the FDIC's grading.

What they are using though, is the FDIC amount on hand from June 30th - in their reporting. In other words they are saying the FDIC has X amount of billions of dollars, using how much was in the fund from June. They are NOT being honest and saying the FDIC is underwater at about 5 Billion right now. The media is not mentioning the banks that have been taken over since June 30th, which has been quite a few.

Also, when you hear the number of banks that have been taken over this year (81) and the media says it is not as bad, as the depression and the 80's. They are again Not being honest, they are not saying how many branches and actual locations are involved. Care to take a guess?
Try 3000+ branches of banks, that have actually been taken over by the FDIC this year. That is a lot different than the 81, the media likes to mention.

When people tell me, they won't believe something, until MSM reports on it, I want to say "I will never believe, anything the MSM says - as they are run by the PTB". They have their own agenda and part of that agenda is protecting the government and the PTB, not the people. They are reporting dishonestly to the public.

The fact is, the FDIC does not nearly have enough money to cover what could amount to Trillions of dollars in bank failures.

Link to one article:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKrqdLil0pGI

A total of 416 banks with combined assets of $299.8 billion failed the Federal Deposit Insurance Corp.’s grading system for asset quality, liquidity and earnings, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn’t identify companies deemed “problem” banks.
The FDIC insures deposits at 8,195 institutions with $13.3 trillion in assets. The agency is a state-bank regulator that insures bank customer deposits, helps find buyers for failing banks and liquidates lenders that have collapsed.

Did you get that part about 13.3 Trillion dollars?

Oh, I turned on the news (which I don't do anymore) to see what they were saying about the FDIC. I was completely Flabbergasted - when a CNN reporter said "The stock market, did well today, due to the good financial news out". I thought to myself... wow, they really do have people fooled.

Are you listening to those corporations, who benefit from not getting the complete truth to you?

As I see it, they have held off the flood gates very well and have covered the public's eyes to what is really happening here in the U.S.. The problem is, people around the rest of the world, knows what is really going on.

The Fed is buying the U.S. T-bills, in a round about way and not disclosing it.

Information little by little is leaking out about that. What is also happening, is information about how the rest of the world feels about the dollar is starting to see the light of day also in the American press.

link to Wall Street Journal - The rest of the World questions the Dollar
http://online.wsj.com/article/SB125122938682957967.html

Investors and economists have long harbored concerns about the dollar's decline, especially in the beginning of this decade as the federal government and consumers ran up their debtloads to finance everything from foreign wars to flat-screen TVs. Last fall's financial crash suggested that such fears may be overblown: As markets plunged in the wake of the collapse of Lehman Brothers Holdings Inc., investors scrambled to stash their cash in U.S. Treasury bills, perceiving them to be the safest investments. That boosted the value of the U.S. dollar against many of its major counterparts.
Now, though, major investors like Berkshire Hathaway Inc. Chairman Warren Buffett and bond investment firm Pimco fear the government's fiscal and monetary stimulus programs could end up fueling inflation in coming years and hammering the dollar. Higher inflation eats up the returns of bond investments that provide a fixed interest income, making them less attractive to investors. Less demand for U.S. bonds could mean a weaker dollar.

We already know the bonds are not selling well and the Fed is actually buying them, through Central Banks. They are making deals of trades, thus the printing presses are running overtime to print the money up to buy the bonds.

The game can only go on, so much longer. Also, the Shorting game of metals, seems to be getting a little weaker now. The players were profitting over $200 per ounce with their shorts at the end of last year and the beginning of this year. They are now only making around a $80 profit per ounce now. There are still tremendous amounts of shorts against the metals, but the longs are starting to come up stronger.

I would bet, it will be sooner than later, people start getting worried again about the economy and the banking situation, even though the media is not fully disclosing the truth.

Games can only go on for so long, until everyone starts realizing there is a game being played.

Here are my predictions:

The market is going to start a Free fall in about 2 weeks
Gold is probably about at it's lowest point it will ever be again.
(When the game of shorts is up on the metals, they will skyrocket, when people realize too late, they need them to protect themselves 'value of dollar, at this point' - they won't be available)

I will say once again, "If you have not purchased metals to protect yourself, than you are not paying attention to what is Really happening".

Two Words:

Buy Metals (my opinion - Silver is better - actually more rare than gold, used for more things and will have a bigger percentage of increase, thus more money will be made over all).

List of Failed Banks and FDIC Balance

Clicking on title will take you to a list of the failed banks this year and FDIC's balance. But I warn you, if you don't want to see a negative balance, then do not look at the list. The list shows the FDIC is Five Billion underwater.

Will this become public on MSM - I can't imagine it will, because people will then worry about their money in the banks. If it does have a large public awareness and people want their money, will the banks begin "holidays"?

But now you know, what are you going to do to protect yourself?

UnOfficial List of Problem Banks

Here is a link to an "unofficial" list of Problem Banks - click on the title - it will take you to the list.

I thought it would be a good idea to link it here and make people aware of what banks may be in trouble.

I warn you, it is a very long list!