Bail in law in australia

Discussion in 'Markets & Economies' started by Sandgroper, Jan 28, 2016.

  1. Sandgroper

    Sandgroper New Member

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    CEC report available online claim proof off bail in law now in effect among many other finance topics ..sorry if already posted .. I enjoyed there work .cheers
     
  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    2016
    January 22nd, 2016
    This week's CEC Report covers:
    1. Oil shock can bring down world economy
    2. What will 2016 bring: Glass-Steagall or martial law?

    January 15th, 2016
    This week's CEC Report covers:
    1. Bankers panic in crash of 2016keep calm and enact Glass-Steagall
    2. Without Glass-Steagall, Australian bank deposits will be bailed in

    January 8th, 2016
    This week's CEC Report covers:
    1. 2016 opens with financial bang
    2. Depositor bail-in takes effect across EU, well underway in Australia

    January 1st, 2016
    This week's CEC Report covers:
    SPECIAL PRESENTATION by Elisa Barwick titled "Revive the Treaty of Westphalia to stop World War III", recorded in October 2012.

    http://cecaust.com.au/main.asp?sub=media&id=Aus_Weekly_Report.html

    It has a podcast.
     
  3. alor

    alor Well-Known Member Silver Stacker

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    if MR FLAME got his $$$ bailed in, for sure we have a Holocaust :) or rather hollow bank walls.
     
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  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Where is the actual evidence that bail-in laws are being "cooked up"?
     
  5. Greg Williams

    Greg Williams Well-Known Member Silver Stacker

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  6. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    The last I heard was that the govt had drafted the legislation, but then put it aside due to the bad publicity that was brewing, mostly from the CEC. The new laws are just sitting there waiting for a time when they're needed. This was only verbal info so I can't point to sources.
     
  7. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Didn't you guys get letters from your banks last year telling you that from now on you cannot access any funds from your term deposits without 30 days notice even if you are willing to forgo the interest? That sounds like a part of a bail in law package to me...
     
  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Yep. I got one. Others got them as described in other threads.
     
  9. JulieW

    JulieW Well-Known Member Silver Stacker

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    Daily Reckoning has tackled this today:

    SO
    Keep debt with the Big 4 and deposits with the Credit Unions etc?

    O.C?
     
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  10. Old Codger

    Old Codger Active Member Silver Stacker

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    Deposit Guarantee!

    I very much doubt you will get cash on the day.

    Probably a OZ Treasury Bond (100 year, 0.01 % interest) for the balance of your account and suck it up!

    Keep in mind that the dollars you put into a bank account here becomes the BANKS, it is no longer "your money Ralph".

    NEVER trust the Government, they are the BIGGEST thieves in Australia.

    JMNHO


    OC

    PS,

    When The Commercial Bank of Australia Ltd went broke in 1893, the account balances were converted to 2% Preference shares. The market price never justified selling, so they were still in existence in 1983 when the Bank of NSW had it's way with the fair maiden.
     
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  11. Old Codger

    Old Codger Active Member Silver Stacker

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    @Rnt,

    That 30 days notice is to stop a "RUN" developing. a 'run' is DEATH to a bank!

    You could well see such a thing with 'at call' funds too soon. Nothing over $5000 without 30 days notice, or worse!

    OC
     
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  12. betterinvestmentthanshare

    betterinvestmentthanshare Member

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