Bail In????

Discussion in 'Wealth Creation & Management' started by slavaja, Mar 18, 2019.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Guys!!!

    We buy metal with the proceeds. We don't keep it in the bank.
     
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  2. sodl

    sodl Well-Known Member

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  3. sodl

    sodl Well-Known Member

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    Adams/North: Solicitor Confirms That Bail-In Of Deposits IS Legal


    5 April 2019 - The CEC Report - Italy proves Bail-in a disaster, Treasury must come clean / Brexit
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Any loan can be called by the bank if you read the loan agreement, subject to certain conditions such as a fall in valuation and the borrower fails to make up on difference in cash outfront or payment arrears.

    Asian financial crisis, there had been cases of commercial banks in Singapore foreclosing on property in payment arrears. Foreclosing is not the problem. The problem is how the property is sold. I don't know the law on this but I've heard stories of shill auctions where the banker's friends and associates will come and bid for the property so the property would be sold at below market price.
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://wallstreetonparade.com/2019/...y-glass-steagall-can-save-you-from-the-banks/

    Dear Engaged Citizens in Australia:

    As both the interim and final report from your Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has confirmed, the good, decent, hardworking people of Australia are under attack from their own banking system in a manner reminiscent of an attack from a foreign invader that wants to destroy the will and financial resources of the citizens in order to gain absolute control of the country.

    Americans, more than any other people in the world, can understand and relate to the precarious predicament in which you now find yourselves. The devious vices and devices of your banksters to transfer the meager savings of the common man and woman to their own greedy pockets have been laid bare by your Royal Commission. But just as happened here in the United States following the report of the Financial Crisis Inquiry Commission, no concrete measures to end the domination of the banks has occurred.

    Australians, like Americans, remain on the road to financial ruin at the hands of predatory banking behemoths that are using their concentrated money and political power to attack each and every democratic principle that we cherish as citizens – from repealing consumer-protection legislation to installing their own shills in government to regulatory capture of their watchdogs to corrupting the overall financial system that underpins the stability of our two countries. Sadly, citizens at large do not understand that their own deposits at these mega banks are being used to accomplish these anti-democratic goals.

    What has now occurred in Australia is precisely what has occurred in America. Last year Bob Katter, MP in your House of Representatives, introduced the Banking System Reform (Separation of Banks) Bill 2018 in the Australian Parliament. This year, Senator Pauline Hanson introduced a bill of the same name in the Australian Senate. The legislation is tailored after the 1933 legislation that was passed in the United States, the Glass-Steagall Act, to defang the banking monster that brought on the 1929 stock market crash and ensuing depression by separating commercial banks, which take in the deposits of risk-adverse savers, from the globe-trotting, risk-taking, derivative-exploding investment banks. (An unsavory group of bank shills succeeded in repealing the Glass-Steagall legislation in the U.S. in 1999 and then enriched themselves from the repeal. One year later the U.S. experienced the dot.com bust and eight years after that the country experienced the greatest financial crash since the Great Depression – what you call the GFC or Global Financial Crisis but U.S. bank lobbyists prefer to dub The Great Recession.)

    U.S. Senator Elizabeth Warren, a Democrat, and the late Senator John McCain, a Republican, had been introducing the 21st Century Glass-Steagall Act for the past five years in the U.S. Congress. Just like the legislation proposed in Australia, it would have restored integrity to deposit-taking commercial banks by separating them from the predatory investment banks that financially incentivize their employees to fleece unsuspecting customers while using the deposits to engage in high-risk gambles that regularly implode. The powerful mega banks in the U.S. and their legions of lobbyists have worked hard to prevent this legislation from gaining momentum.

    Despite the critical need for this legislation in both countries, mainstream media has not done its share to inform and educate the public about the pending legislation. We know this to be true in Australia because the Royal Commission received more than 10,000 submissions from the Australian public while the Senate’s request for public comment on the Glass-Steagall legislation has thus far received just 350 responses. The Senate Committee has elected to publish just a sliver of those responses.

    You can submit your comments on the Australian legislation using an online form; or you can email your submission to [email protected]; or you can mail your submission to Senate Standing Committee on Economics, PO Box 6100, Parliament House, Canberra ACT 2600, Australia. The deadline for submissions is a week from this Friday, April 12, 2019.

    It is already clear where Australia is heading without this legislation. Australia will become the plaything of a global banking cartel just as is occurring in the United States. See Goldman Sachs’ Top Lawyer Is Part of a Secret Banking Cabal as CEO Blankfein Denies One Exists; and Citigroup, Deutsche Bank Face Australian Court in Landmark Cartel Case; and Banking Fraternity Felons. Your children will become the debt slaves to the banks in order to get an education; the banks will carve out their own private justice system to hear customers’ claims against them, effectively closing the courthouse doors for bank fraud claims; and your country will end up with the greatest wealth inequality since the 1920s.

    Or, you can mobilize to pass the Glass-Steagall Act legislation. The choice is yours. (Americans, I hope you’re listening too.)
     
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  6. Phirene

    Phirene New Member

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    My concerns for bail in have led me to think about stacking. John Adams and Martin North have a very interesting video on the subject.
     
  7. alor

    alor Well-Known Member Silver Stacker

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    all you need to do is have nothing to do with it, then there is nothing to worry about

    you worry about making the money
    your worry about the money you made
    your worry about the bank which hold your money
    you have too much worry about bail in, you worry too much about your bank taking your money
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    You said it right alor. No reason to worry if you dont use it.

    Really all they would have to do is send the IRS to audit anyone who wanted their money and most of the sheeple would bend over and take it like scared little bunnies. They already do that now!
    Then they could impose the "bail in tax" on any money you did receive, like a capitol gains.
    Freedom used to cost blood but nowadays it just costs money. Lots and lots of money. Dont you feel free?
     
  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Depositor’s funds not taxpayer’s funds should be used to bail out banks.
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Saw this news just today - https://www.foxbusiness.com/luxury/irs-auction-gold-silver-coins-seized-tax-evader
     
  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    A great new BBC/HBO show is worth a look. Bail-in and financial collapse consequences in a fictional future UK covered in a very smart way.

     
  12. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Got to watch that....love one of the opening lines "That is order to vote, every British citizen should take an IQ test"....LMAO...if only it was possible.
     
  13. SilverDJ

    SilverDJ Well-Known Member

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  14. alor

    alor Well-Known Member Silver Stacker

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  15. DJE

    DJE Active Member

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  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  17. DJE

    DJE Active Member

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    At the end of the day, it's all opinions, and we know what they say about those :)
    Always good to take note from all views and make our personal decisions based on what we perceive to be legitimate, non biased and coincides with statistics and also what's playing out in the real world I guess.
     
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  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Actually it's more than an opinion.

    Wang and Kelly outline a rational argument as to why the banking system is far more durable than it was in the lead up to the events of the GFC.

    The FDIC clip linked in the video by GodlSilver Pros is not a leak, it's not recorded secretly it is publicly available - the whole monotonous 3+ hours of it. The members of the SRAC are not some secret cabal they are all listed in the minutes of the 9 Nov 2022 meeting. Everard is not arguing from a rational position. He is talking shit.

    If you're interested in listening to discussion on the steps the FDIC are considering to ensure greater transparency in the public domain around Title II then the link is below. Skip forward to about 1:18:40 and listen for about 20 min.

    http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee

    Minutes of the Nov 11 meeting with the names of all the committee members present and what was discussed.

    https://www.fdic.gov/about/advisory-committees/systemic-resolutions/pdfs/2022-11-09-minutes.pdf

    Exactly. It's always good to go to the source and fact-check what is said.

    You asked a few weeks back for some credible sites on information about markets, finance, governance etc. Sometimes it's good to also just put big red lines through the sites/publications that you come across that are just not credible - I'd be putting one through GoldSilver Pros.

    I hope the links provide some clarity on the topic for you.
     
  19. DJE

    DJE Active Member

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    I'll have a read through those minutes.
    Thanks
     
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