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The Forum > General Discussion > Banks deposits no longer secure after G 20 meeting.

Banks deposits no longer secure after G 20 meeting.

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After the last G20 meeting bank deposits will not longer be insured and will be considered to be just part of bank investments,just as at risk as bank shares.

As a depositor you are defined by the bank as an unsecured lender. I thought the banks would have to have legislation passed to secure "bail in", but by eliminating any bank deposit insurance,this makes our deposits part of bank investments.

http://www.thecommonsenseshow.com/2014/11/16/the-money-in-your-bank-account-was-stolen-this-morning/

http://cecaust.com.au/releases/2014_11_13_Bail_In.html
Posted by Arjay, Monday, 17 November 2014 5:50:39 AM
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Dear Arjay,

The links you provided are already interpretations of something that presumably happened at the G20. The first link is American anyway, so it has nothing to do with us; and the second only threatens those who employ fund-managers for their superannuation, not ordinary Australian savers who keep their money in the bank.

Could you please first point us to the dry facts - to what actually occurred at the G20 that prompted those alarms?
Posted by Yuyutsu, Monday, 17 November 2014 12:40:16 PM
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Yuyutsu the banking system is all integrated. J P Morgan, Citibank and HSBC have 40% share holdings in all our banks.

Try this link to Aussie banks. Here is the evidence for "Bail in". http://cecaust.com.au/bail-in/

If our banks are so secure, why do they need a Cyprus style confiscation of bank deposits ?
Posted by Arjay, Monday, 17 November 2014 4:06:21 PM
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Arjay, the CEC is a lunatic fringe political party who think everything's a British conspiracy. Do you have any information from a credible source?
Posted by Aidan, Monday, 17 November 2014 5:18:31 PM
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http://cecaust.com.au/ Yuyutsu after the CEC put a full page ad into the Australian and sent letters to every pollie here about "bail in" our bankers have a new plan.

Our banks are now going to offer new bank bonds for our pension funds which will shore up their gambling in derivatives. We have $1.8 trillion in pension funds which they can loot to cover their gambling losses. The foxes are in charge of the henhouse.
Posted by Arjay, Monday, 17 November 2014 5:23:39 PM
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http://barnabyisright.com/2013/11/01/boe-says-g20-nations-to-enact-bank-deposits-within-12-months/ Aiden the CEC tell the truth and there are many others warning us about "bail in".

Their new scam is to offer our pension funds bank bonds that will be worthless when their derivative ponzy schemes collapse.
Posted by Arjay, Monday, 17 November 2014 5:43:27 PM
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