Yes, YOU.
Wherever you are and Whoever you are, let us talk.
Mirror on the wall
What’s the meaning of it all?
Can You Imagine there might come a time when prudent savers would want to have a emergency plan to protect themselves from the twin risks of a global banking crisis and a loss of purchasing power of paper currencies?
The evidence is in and reveals the “TOO BIG TO FAIL” banks have a crisis.
Unfortunately not everyone with savings in a bank or a pension managed by the bank are aware of what is happening to banks and their bank accounts. By the time this is reported widely and repeatedly (as it should be a daily emergency coverage barrage of the ongoing global financial crisis) in the corporate controlled media it may be too late to act.
It should come as no surprise that central bankers have been considering how to deal with this problem and that they have resolved a solution that benefits their narrow agenda and well-being.
Again this unfortunately does not help you nor most of the People of Earth.
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That solution, as we saw clumsily applied in Cyprus, is for central banks to use creditors’ funds to rescue banks in difficulty, which includes uninsured deposits, instead of taxpayers’ money. What this means is that if you have deposits greater than the level guaranteed by your government, the unguaranteed portion (in the eurozone, over €100,000) is free to be used to recapitalise the bank.
This is a major departure from past assumptions, that central banks would do their utmost to rescue banks without raiding any deposits. As many ordinary savers in Cyprus found to their cost, this is no longer true. The new approach has been agreed at the highest levels, at the Bank for International Settlements, the central bankers’ central bank. It has been a topic under consideration since the publication by the Financial Stability Board (a BIS committee) of a paper, Key Attributes of Effective Resolution Regimes for Financial Institutions in October 2011, which was endorsed at the Cannes G20 summit the following month. This was followed by a consultative document in November 2012, Recovery and Resolution Planning: Making the Key Attributes Requirements Operational. In this latter document it is stated in the introduction that “Reforms are now underway in many jurisdictions to align national resolution frameworks more closely with the Key Attributes (i.e. the October 2011 paper). In other words any changes to law have been or are being made.
This confirms that G20 members are ensuring that they can legally override the rights of creditors, including uninsured depositors. This outcome is not difficult to achieve when the alternative in almost all cases of bank failure is for uninsured deposits to be wiped out completely. ~Alasdair Macleod
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It is commonly assumed that money on deposit belongs to the depositor.
This is not true, because the depositor lends his money to the bank, so the money becomes the bank’s property.
You are now more AWARE than most People.
Please share the Global Dialogue.
Governments are not your friend.
We the People of Earth are the solution we have been searching for.
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FSB Watch says
http://fsbwatch.org/
At the height of the international financial crisis and following the G-20 summit in London in 2009, a new body—the Financial Stability Board (FSB)—was established to formulate and oversee the implementation of regulatory, supervisory and other financial sector policies. The FSB acts as a convening forum for national authorities responsible for financial stability in significant financial centers, central bankers, international financial institutions, sector-specific international groupings of regulators and supervisors, and standard-setting organizations.
Despite the importance of this recently-established organization, there is extremely limited knowledge as to how the FSB operates and is governed. Against this background, the objective of this website is to examine and promote efforts towards an effective, inclusive, transparent and accountable global regulation of the financial system.
The Financial Stability Board (FSB) reports:
http://www.financialstabilityboard.org/about/overview.htm
The FSB is chaired by Mark Carney, Governor of the Bank of Canada (Now Gov. of Bank of England ~Ron). Its Secretariat is located in Basel, Switzerland, and hosted by the Bank for International Settlements.
October 2011, Key Attributes of Effective Resolution Regimes for Financial Institutions
Click to access r_111104cc.pdf
November 2012, Recovery and Resolution Planning: Making the Key Attributes Requirements Operational
December 2012, Resolving Globally Active, Systemically Important, Financial Institutions (G-SIFI)
Gerald Celente talks to Alasdair Macleod
Uploaded on Nov 3, 2011
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Dr. Paul Craig Roberts also warned, “the country is being increasingly deceived by disinformation.”
_________________________________________________
Emphasis have been mine, used to draw your attention to key activity and entities.
You are armed with truth and knowledge, what shall you do?
When a “bank holiday” is declared you will be prepared;
no need to panic or stand in long lines.
When martial law is declared you will be prepared.
When corporate controlled media claim the financial crisis is a shock, you will know they are lying again.
You are in a position to assist others.
Share this information. ~Ron
Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz
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