"Bail In" is the new term being used to keep " financial stability " according the G 20 Financial Stability Board. Kevin Rudd was PM when we joined the G 20 a few yrs ago and will go to the next meeting on 21/8/13.

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/

Now like me you probably take most of the conspirosy theories from ARJAY with a grain of salt.
However in this case he is spot on.
Wayne Swan signed the G20 resolution to seize depositors funds to enable the banks to
honor bond holders maturing bonds.
They did this following the success of this action in Cyprus.

It looks like legislation is currently being pre'pared.

Definitely time to buy a bit more of the bright heavy shiny stuff, & put it back underground where it is safe, & available if needed.

Probably should have a bit of the folding stuff there with it. Not too much perhaps, they could easily dishonor that any time they liked.

And we're supposed to trust these bastards!

Bazz and Hasbeen,spread the word. If this gets passed,we will end up like Greece and Cyprus. We cannot trust any side of politics. Get your money out of banks the instant mortgage defaults begin to happen.

Yes spread the word!
The sky is falling.
We are going broke.
Gee I enjoy the fear and loathing.

Belly, If all else fails, try to at least sound intelligent.

No, Belly, it is real, the government signed up at the treasurers' G20 meeting.
You saw it used in Cyprus. It worked well there so the G20 adopted it as policy.
Your poo pooing it won't change it as official policy.

It is interesting that it is being ignored in the Main Stream Media.
I notice that Wayne Swan has not been boasting about the agreement.

Thanks for the warning, Arjay. Bazz, it isn't surprising that it's been ignored by the mainstream media, they ignore everything that doesn't suit the multinational companies and banks that are running the planet. That's why all news outlets are now under the control of big business, and why internet sites like this are allowed to proliferate - it's a simple policy of divide and conquer. Six people will read this, another six will read something similar on ICH, and so it goes on. Independent cells of disaffected citizens with none of the interconnectivity provided by widely read mainstream media, have no way to organise or influence anyone. A very smart move by the overlords I reckon.

Most people believe our banks are safe as the houses they finance. Their gambling in $20 trillion of derivatives belies the reality.

I hope I doesn't happen because many people will become destitute and pollies don't give a rat's.

......Yes spread the word!
The sky is falling.
We are going broke.
Gee I enjoy the fear and loathing.

Belly, are you aware that we have just experienced the largest mining boom in our history?

Are you also aware, that despite that mining boom win fall we have gone way backwards?

So enlighten me mate, how do we move forward without mining, with record low interest rates and with business confidence at rock bottom.

Furthermore, we have gone from plus $20 billion, to about negative $400 odd billion, in less than six years.

So, if the shy is not falling in, at what point do you suggest it will?

Now these are fair and reasonable, non insulting questions, so some answers would be greatly appreciated.

I find it appalling that 50% of voters out there are willing to forgive and forget the past six years, the old sweep it under the carpet.

Thanks in advance if you lot manage to give us another three years of this imcompitent mob.

Oh how so typical of you Belly!