International Bail-in Regime

[CriticalSilver]

http://ca.finance.yahoo.com/news/carney-says-canadian-deposits-safe-under-bail-offers-171950345.html

OTTAWA - Mark Carney says policy-makers are working diligently to devise an international "bail-in" regime to prevent big bank failures, but he offered no guarantee that individual deposits would be protected.

The Canadian central banker, who is a few months away from heading the Bank of England, says banks must have a set of buffers in place to draw on in an emergency.

Speaking during a televised interview in Washington, Carney appeared to disagree with the approach taken in Cyprus last month that involved taxing deposits, but would not state his personal position because he said it might be misinterpreted.

He notes that the Canadian government has pledged not to dip into individual deposits.

Carney did not answer whether there should be a total hands-off treatment to non-secured accounts as well, which in Canada would mean deposits over $100,000.

Still, Carney says Canadians should not lose any sleep over the safety of their deposits.

What price Gold?

 

[Macros_The_Black]

Still, Carney says Canadians should not lose any sleep over the safety of their deposits.

It's when they say things like this ... so often it's the opposite is what is being planned.

Who would ever trust any of these financial chumps anymore anyway (if you ever did!)

 

[nonrecourse]

The banksters are blood suckers. Gold and silver bullion outside the banking system is the only way to go.Am rereading Mike Malony's book gold and silver of the rich Dad series great read. I get something new out of it every time I reread it.

Kind Regards
non recourse

 

[dragafem]

got a phone call the other day that try not to keep fiat in the bank...came from someone who is not stacking or trading just have friends