Bowspearer wrote:If you choose to respond with mockery, then that is your choice. However when this does hit, and the system is that broken that it's only a matter off when (the fact is that the GFC of 2008 never actually ended) - you've been forewarned, so my conscience is clear here.
Blast Cannon's just blasting his cannon, its his namesake. I appreciate people giving this thought and warning others with informative posts though. Its definitely razors edge right now...
But maybe you should back up your OP wth links to informative sites and posts that explain things more so people don't just resort to mockery out of nothing but pure skepticism and self assurance? You should have seen my Paranormal thread. Blast Cannon up there caught a ghost!
Cheers for that. I'm happy to provide links. The CEC, a minor party here in Australia linked with the LaRouche movement have been covering it, so to avoid the whole "tinfoil hat" thing, I was hoping to avoid links to evidence in case people decided they weren't even going to look at the evidence because of preconceived notions they might have about who found it.
However that said, the evidence is fairly solid, especially when you look at what happened in Detroit for example, which was an example of "bail-in".
There are several documents that prove that bail in is either in motion or already implemented in several countries.
Before I walk people through it though, I thought this snapshot of Australia's big 4 banks as of their 2012 Annual reports (classed as "to big to [be allowed to] fail"):
Remember that Australia is supposedly one of the best banking systems in the world and even if you factor in deposits from customers, the big 4 have debts ranging between more than doubl their holding, to roughly 4 times their holdings. The only exception being the CBA, who stopped disclosing their derivatives exposure after their 2011 Annual report.
That's supposedly "one of the healthiest banking systems in the world". Then again, holding 20 trillion dollars' worth of the world's 1.4 quadrillion dollars' worth of derivatives debts is relatively healthy - using the term incredibly
The most straightforward way to go would be to link people to this page
as there's a slideshow showing excerpts from 6 official documents (they largely pertain to Australia, but there are others which make it clear that the agenda is very much global.
To go through the documents; the first one listed is from the Financial Stability Board [FSB] entitled "Understanding Financial Linkages: A Common Data Template for Globally Important Systemic Banks" dated October 6, 2011.
It lists the following countries as having banks which are systemically important, or "to big to [be allowed to] fail": Argentina, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, China, France, Germany, Hong Kong SAR, Indonesia, Italy, India, Ireland, Japan, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, the UK and the USA.
It should stand to reason that if you have a financial institution that is globally of systemic importance which fails, you have a crisis on your hands.
I bring this up because it's worth jumping to the 6th document here also from the FSB, entitled "Implementing the FSB Key Attributes of Effective Resolution Regimes - how far have we come?"
Under subpoint 1, entitled "Completing the resolution toolbox for banks
" it laments that in a [economic] crisis, the banks do not have absolute powers to enact the Key Attributes, which it uses the term "bail-in" to describe and mentions that the process is one of converting assets (which although it doesn't mention it, includes the accounts of bank customers [technically classed as "unsecured creditors"]) and liabilities into equity [shares]. It also mentions that Australia, Brazil, the EU, France, Germany, Indonesia, Singapore and South Africa have legislation "in-train" (meaning it is written up and just waiting to be introduced into parliament/congress).
One notable exception in that list was the USA and with good reason, it was dated April 15, 2013, meaning that mentioning the USA would have been redundant. In fact the USA leglised bail in back in 2010 with the Frank Dodd Act. A quick Google search for some kind of reference turned up this page
The rest of the documents listed, which include documents from the IMF, The Australian Treasury Department and The Australian Financial Markets Association, all specifically refer to Australia. They're critical reading for any Australian, but they're probably also of interest to people of other countries for an example of how the process can play out. Remember that the Australian mainstream media has been completely silent on this agenda to my knowedge.
If you want evidence of how it plays out, take a good look at Detroit, which in addition to having its entire society thrown back into a quassi-dark age, is now quite literally a fascist state, ruled by a banking dictator. It's worth bringing this up, because schools, hospitals and even some local governments all use bank accounts and could quite easily be bankrupted through their liquid assetts being frozen or confiscated in a bail-in.
Hopefully this gives people looking for info something more solid to go on and a point of reference if they want to investigate further themselves.