The Forum > General Discussion > Are you going to be a Rudd 'bail in' sucker
Are you going to be a Rudd 'bail in' sucker
- Pages:
-
- Page 1
- 2
-
- All
The National Forum | Donate | Your Account | On Line Opinion | Forum | Blogs | Polling | About |
Syndicate RSS/XML |
|
About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy |
http://barnabyisright.com/2013/07/14/timeline-for-bail-in-of-g20-banking-system/
http://barnabyisright.com/2013/07/15/moodys-warns-of-australian-banking-collapse/ G 20 Financial Stability Board "....a menu of viable alternatives and could be achieved by a combination of capital charges ( ie interest rate rises) and contingent capital and BAIL IN DEBT."
"Bail in" is what happened in Cyprus;ie depositors money was confiscated but they a have a sneekier plan at the ready for us. If our banks get into trouble,they will get the power to convert your deposits into shares and thus you lose your savings on a falling share market.
What is the logic behind this? The Central banks can't continue with "quantitive easing" ( money printing ) for ever,since they eventually depreciate their own assets. If we bail out our banks by borrowing from OS Central banks, this just causes more inflation. "Bail in" in the new euphanism like "quantitative" easing that will be used to fleece depositors thus save " the too big to fail bankers".
For more info in "bail in" see http://www.cecaust.com.au/