Ellen Brown, founder of WebofDebt.com, thinks so-called 'bail-ins' are coming. Depositors' money will be legally taken. Brown says, "That's the big disaster that's coming. Probably one of these big derivative banks will go bankrupt . . . the derivative players will get first dibs. They'll grab all the deposits, and there won't be anything left." Join Greg Hunter as he goes One-on-One with author and journalist Ellen Brown. [youtube]http://www.youtube.com/watch?v=Vtv6RBo3Pzo[/youtube]
Bit of a discussion here >>> http://forums.silverstackers.com/to...rocess-of-being-implemented-in-australia.html about what it means for Australia. All we can hope is that people are ready...because it will happen overnight. A 'Bank Holiday' for a couple of weeks. Cyprus was the blueprint.
For sure it's coming Greg, they gave the game away when they called the Cyprus bail in a template and then quickly retracted.
