Bank bail-ins begin in EU

Jul 26

Posted by Editor, cairnsnews

by Kev Moore

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills.

At the end of November, an Italian pensioner hanged himself after his entire €100,000 savings were confiscated in a bank “rescue” scheme. He left a suicide note blaming the bank, where he had been a customer for 50 years and had invested in bank-issued bonds. But he might better have blamed the EU and the G20’s Financial Stability Board, which have imposed an “Orderly Resolution” regime that keeps insolvent banks afloat by confiscating the savings of investors and depositors. Some 130,000 shareholders and junior bond holders suffered losses in the “rescue.”

Read on –

http://wakeupfromyourslumber.com/a-crisis-worse-than-isis-bail-ins-begin/

Australia Plans Cyprus-Style “Bail-In” Of Banks In 2013-14 Budget

G20 Governments All Agreed to Cyprus-Style Theft Of Bank Deposits … In 2010

“………That’s something else to thank our recently-deposed PM Julia Gillard for doing, without our knowledge or permission

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Published by Nelle

I am interested in writing short stories for my pleasure and my family's but although I have published four family books I will not go down that path again but still want what I write out there so I will see how this goes

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