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!  

Video-Jim Rogers on CNBC 3/28/13 - "Get your money out of the Banks, they are going to loot it". WOW - CNBC agreed.

Update - 5:30 PM The video is no longer available on CNBC.  But I have captured it and will put it on, when I have it uploaded on youtube. It is now uploaded.    I gather, they really don't want it broadcast out again.   :)

Video of Jim Rogers on CNBC this morning 3/28/13:  "If politicians say don't worry, then understand you have to worry and they will loot your bank account.  Run for the hills and hurry to get your money out"  IMF condoning stealing of people's money.    He says don't trust any politician, if you do, you will go bankrupt quickly.   Amazing the CNBC reporter agreed with him.

Short to the point segment.  Get your money out of the banks!

Here is the copy of Jim Rogers on CNBC, since they took down their video. I was able to capture it.



5:45 PM It looks like they have fixed the video and it is up again. I will still keep mine above, in case something happens to this one again.




UPDATE 3/30/13 -  

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  From FDIC's own website! 

Added 3/30/13 - Video -  IMF wants a $1.40 gas tax in U.S. for climate control and how East is Rising West is dying.    They obviously are going to suck money from the people anyway they can! 

Open Letter to the Banks and Governments of the World! We gave you the privilege of holding our money - not the other way around!

This letter is a notice to all the banks of the world.

It appears that you have gotten yourselves in a situation where you have gambled more money than you ever had in your possession.  Due to your gambling on derivatives, besides giving yourself billions in pay, you are now in a situation of major debt which you are looking to the depositors to get you out of.

First I would like you to know.  We the people of the world, honored you by our trust and given you the privilege to safe keep our money, which we have earned through the sweat off our backs and working long hours.   I know, you do not understand that concept as you are able to sit in your million dollar offices and dictate to others around you what needs to be done.   I also know you don't understand the concept of only being able to save less than half of what you earn due to the rest going to taxes and the government.  

Understand all of us 'normal' people actually pay more in taxes on everything than what we earn and what we don't pay in taxes, we have to pay for our monthly cost of living.  By the time any money is left over, which is not normally very much we then have honored you to hold the rest for us.  

We did not need to put our money in your bank, it is not something that is required nor demanded of us.  We have trusted you and it is something you should be thankful for.   Yet it appears that all of you banks feel you are above us.  It appears you feel it is the other way around and that we should be thankful you have allowed us to deposit our savings with you.

In Cyprus, people are not being allowed their money, besides you want to take a portion of it due to your bad gambling and the government officials over spending and not caring about fiscal responsibility.   Now, my understanding is when/if the banks do reopen there will be controls of how much money people are able to get out of their hard earned money.

Here is a question.  It is our money in the banks, yet we are considered criminals now and have to fill out paperwork if we want to get any large sums out and you provide the DHS paperwork on us as being "suspicious" for getting a large sum of our own money.   

What happened here?  How has the world turned where the government and banks act as if, we are the ones privileged to allow them to hold our money and then control how much of it we can get out?

I find it funny how the people are blamed in countries and not the governments and banks for the debt and bad money management themselves.  We the people had put trust in those who we elected to do what is right for the country and the people together.  Instead that trust has been broken in many ways, including now the stealing of our money out of the banks.

The only way for all of this to end, is for the people to not play the game anymore.  The people need to turn around and make you the banks liable along with all the politicians for your own bad decisions.   It is OUR money and we have the rights to it and we will keep our money!  We will get out of the banking system! 

It is time for us to take back our rights to our money and let you the banks crash.  It is simply a slave system anyway.  Cyprus has proven that you, the governments and banks believe you come before the people and all the people's money is yours if they want it!

You the government want to spend money on wars and killing other people anyway.  You want to invade other countries for their resources and the banks back you up.  You have a great scam going on.  Get the people to hate and kill other groups, so you can continue the slavery system.   

TO THE PEOPLE: 

Enough is enough!  Until... All of us lowly people in the eyes of the bankers and politicians make them stop, they will continue making slaves of us.   They are putting drones in the air to watch our every move.  If we don't stand up now we will be completely imprisoned and made slaves of and even hunted.  The time is now as the hour is getting late and need to do it before it is too late.  What is this world going to be like for our children and grandchildren?  How can we explain to them, we sat back and let a "terminator" type world and be created and allowed them to be committed to slavery not doing anything about it, when we could?

Don't know where to put your money?  Put it in what the central banks, governments hate the most!  Gold and Silver!

IT IS TIME FOR FREEDOM!  IT IS TIME TO KICK OUT THE EVIL THAT IS RUNNING THE WORLD!  IT IS UP TO ALL OF US TO DECIDE ENOUGH IS ENOUGH!  UNLESS WE TAKE ACTION AND SHOW WHO REALLY HAS THE POWER, THEY WILL BIND US AND OUR CHILDREN INTO EVEN MORE SLAVERY TO PAY FOR THEIR ELITE WORLD!  

I AM A FREE PERSON!  THAT IS MY GOD GIVEN RIGHT!  IT IS ALL OF OUR GOD GIVEN RIGHT!  ARE WE GOING TO ENFORCE THAT RIGHT?  OR ARE WE GOING TO CONTINUE BEING MADE SLAVES?  IT IS UP TO US!   

LET FREEDOM REIGN!  

DEMAND FREEDOM! 

IT IS OUR RIGHT!

IT IS OUR MONEY!

IT IS OUR EARTH!

WE NEED TO GRASP THE POWER AND USE OUR POWER!

WE ARE THE POWER!

ACCEPT YOUR POWER!

ENFORCE/EMBRACE YOUR POWER!

PEOPLE POWER!
THROUGH UNITY WE REIGN!

I AM THE 99%!

Update - Just released interview on King World News - The Banks are trying to enslave humanity.  
Former U.S. Treasury Secretary Paul Roberts says this in the interview:
"So I’m all in favor of the Cypriots to take to the streets, and to whatever level of violence they need take it to. " 

New Zealand putting plan together to do as Cyprus. Steal people's money in the bank overnight without warning.

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.

Cyprus - It has already been allowed here in U.S. MF Global and a Fed Reserve New Policy - Freezes everyone's accounts if need be. Now desperation is starting, open stealing in full view

I have been astounded about what is happening in Cyprus.   I have been reading everything I can and have gone to Cyprus online news websites and translating them.

What Cyprus proves is.. the Governments and Banks of the world don't give a Sh** about the people.   They are all above the law and lie, steal and cheat everyone out of their money.  They want to make the people poor and dependent upon them.   They will live their high life and spend money as they want and give themselves huge bonuses, because they know if they have to.. they can just simply steal everyone's money out of the bank.

The people of Cyprus are locked out of their accounts and there is no guarantee they will be able to get any money out tomorrow, when the banks are suppose to reopen.   (update - the parliament is now delaying meeting yet another day to vote on the stealing of the money, so the banks will not open tomorrow after all.)

The situation around the world has been bad since 2008 and they have put bandages on it to cover the wounds up.  But those bandages are loosing up and about to fall off and reality of how large the wounds have gotten over the years will be in full view.   The desperation of the banks from their loose monetary policies is becoming so apparent that they are now willing to openly steal from the people.

We had MF Global and PF Global, besides Lehman and Bear Stearns here in the U.S.  The people were blindsided with each one.

People don't realize it, but we have had our Cyprus events here in the U.S. already.   The government and courts were involved with the not so obvious stealing of people's money and metals.

JP Morgan was allowed to steal people's money directly from their accounts at MF Global.  After that the courts sanctioned the stealing by making the bankruptcy as an equities one instead of a commodities one, which would have put the people first in getting their money back instead of banks.

The courts have already ruled that deposits in the banks are not guaranteed to the people.  
Besides that the Federal Reserve has implemented a policy that all money in banks and other investments can be frozen if the need arises.

the Federal Reserve also implemented a new policy for money market funds held by financial institutions. Per the new policy, money market funds, which account for some $2.7 trillion in deposits across the United States, can be frozen in the event of an emergency or financial panic. This means that if and when the system does go into a tailspin, at exactly the time people will want to pull their money out of their bank account, they will be restricted from doing so.

This event in Cyprus may wake some of those who are slumbering up, I am sure in Cyprus it is doing that.

They had promised the people over the last month, they would never take money from people's accounts in the bank.  I have read that over and over again in comments on Cyprus news sites.

 The Eurozone controllers demanded Cyprus steal the people's money directly out of their accounts for the debts of the bank.  The people have worked hard and they already pay outrageous taxes and they have the highest utility charges in the world.  I have been reading how they are charged 500+ Euros per month for very little electricity used.   The IMF and Euro managers have even mentioned possibly doing something like the Cyprus stealing in Italy if necessary.

Are they so seriously deranged, sociopaths and psychopaths  now... they aren't even considering that people will fight back?  Are they so stupid that they don't realize people may get ahead of their legal stealing and take their money out of their accounts?   They want to save banks?  Well if people are smart and waking up they are going to rush to their bank and get all their money out.   I would imagine there will be bank runs in Europe, especially in Greece and Italy.   I can only hope they are smart and bank runs start.  The banks and governments may have just put their nail into their coffins.  They are being shown they can not be trusted for one second.  They will tell you one thing and then turn around and do another.

If anyone of us, stole even a dollar out of someone else's account, we would be charged with a Federal crime.  Yet the privately owned banks can literally steal billions out of people's individual accounts and it is all sanctioned by the governments.

They are Private banks that gambled away money and loss!  It is just as if we had gone to a casino and gambled money ourselves and loss.  We can't expect the government to come and steal from the person sitting next to us to cover our losses.  We have to suffer.   Yet, banks can gamble in derivatives and everything else and the governments will always make sure they recover their losses either by printing or by just saying to the people... "Give the bank your money."

Needless to say Zerohedge is all over the Cyprus stealing and I highly advice people to read what the articles they are putting out about it all.

People need to remember if they believe their money is safe in stocks, that is not true.  I posted a year ago about how stocks are actually owned by the Federal Reserve through a broker.  All stocks are put in one name and it is not the person who purchased them.

Literally the only place money is safe now is, in your own hands or in gold and silver as an investment and insurance against inflation.

I hope people in the U.S. are paying attention.  There has been discussions about using people's retirement money for government bonds here.  So that will be a sanctioned stealing of people's money by saying it is for 'the people's protection.'

If people believe the U.S. will never do as Cyprus is doing, then they have not paid attention.  Cyprus is following the U.S.'s lead in reality.  When the U.S. allowed/sanctioned JP Morgan to steal billions directly out of the people's accounts at MF Global they set the precedent of banks around the world to see it can be done.  In the U.S. the people are so asleep and due to the MSM never saying a word about the stealing most do not even know it occurred.  Corzine is best buddies with Obama, he was never charged and is even allowed to now trade other people's money again.

If you notice the big MSM sites don't even have the Cyprus situation as big news, it is only small blurbs on their pages of distraction news.

Here is my message to all the Banks.

It is time for people to wake up and if they don't do it now, will they do it when all their money is stolen by the government and banks out of their own accounts?   When their retirement money is gone and literally any money saved is stolen for the "good of the country and banking system?"

Is it any wonder DHS is buying 2700 armored vehicles for the U.S and have purchased 2 billion rounds of ammo.  Is this for the day the government allows the banks to keep all deposits, retirement, stocks, safety deposit boxes contents and every other investment the people have for the 'good of the banking system?'

May the bank runs begin and the Fiat money system is crashed around the world!

Update 3/19/13 - New Zealand is putting the plans in place to be able to do as Cyprus, Steal people's money overnight.