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The Forum > Article Comments > How Australia is strengthening the G20's accountability and effectiveness > Comments

How Australia is strengthening the G20's accountability and effectiveness : Comments

By Ordan Andreevski, published 3/7/2014

Australia's presidency of the G20 will enable it to solidify its reach and influence in the global economy and allow it to showcase its achievements to the leading economies and institutions in the world.

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The G20 has also high on its agenda the introduction of "Bail In", a Cyprus style confiscation of bank accounts when the banks get into trouble. See the evidence.http://www.cecaust.com.au/

http://www.youtube.com/watch?v=QYmViPTndxw&feature=youtu.be Here you will see Christine Lagarde head of the IMF using numerology and the number 7 to send a message. It appears something really big will happen on 20/7/14.
Posted by Arjay, Thursday, 3 July 2014 8:40:25 AM
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The author who seems to know so much about the G20 and the IMF must
have deliberately left out mention of the Financial Stability Board.
This board was the IMF function that seized the bank deposits of the
people of Cyprus to pay off the Greek Bond Debts of the Cyprus banks.

Wayne Swan signed Australia up to this G20 agreement in 2012 at the
G20 meeting in St Petersburg.

If an Australian bank gets into trouble your money could disappear overnight.
This is what Arjay referred to as a "Bail In" as distinct to "Bail Out".
Quite a different function as it is not a government contribution to
a banks failure but a citizen contribution.
I have never seen mention of the FSB by government or financial press
or any normal source. I suspect not even bank staff know about the STB.

An interesting sideline to the Cyprus story;
The Russian Oligarchs, who had a lot of money stashed in Cyprus, got
wind of what was to happen and either broke into the Moscow branches
of the Cyprus banks or bribed their way in, during the night before
and used the computers there to move their money out.
Posted by Bazz, Thursday, 3 July 2014 3:37:36 PM
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Arjay's link was incomplete;
here it is;

http://www.cecaust.com.au/bail-in/

I first came across the Bail-in on the "Barnaby Joyce was right" web
site just after the Cyprus seizure.
There were scanned copies of documents describing the rules to apply
the Bail In which types of accounts etc were to be seized.
Posted by Bazz, Thursday, 3 July 2014 3:55:37 PM
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Bazz, Really worth viewing. http://www.usawatchdog.com/official-2014-imf-forecast-based-on-magic-number-seven-steve-quayle/

Greg Hunter interviews some really informed people on USA Watchdog revealing the realities of this global power play. A lot of people are saying the really big collapse will happen this year. Christine Lagarde head of the IMF hints at 20/7/2014.
Posted by Arjay, Thursday, 3 July 2014 6:59:58 PM
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Well Arjay, I don't know what to say, you have excelled yourself this time.
It seems strange that someone like Christine Lagarde would even bother
to send a message that way. Why not just send a bunch of emails ?

Let me know what are you going to do with your money ?
Posted by Bazz, Thursday, 3 July 2014 11:30:27 PM
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Bazz if you want advice on money listen to people like Gerald Celente ,Greg Hunter, Jim Rogers and Max Keiser. They are all tipping precious metals.

Current value of gold = $8 trillion. World GDP = $70 trillion. World derivative market = $ 1000 trillion. Gold could easily go to $5000 an oz and silver much higher. The London Based Metal Association will stop fixing the price of silver on 14/8/2014.All the metal prices are fixed either via the LBMA or shorting using derivatives. Max Keiser says there are 80 pieces of paper laying claim to every oz of gold.

Farm land is another good asset and food will become very expensive.

They are talking about a 70% devaluation of the US $.Will we follow ? I don't know and hope not. Our domestic real estate is way over valued and we have no manufacturing to fall back on for real jobs.

Prepare for the worst and hope for the best.
Posted by Arjay, Friday, 4 July 2014 12:49:03 AM
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