But what I have seen in a recent article from the Activist Post website, at www.activistpost.com, is absolutely no joke... For it appears, according to this article, entitled: "Canadian Deposits As Safe As Cypriot Deposits", that the criminal Canadian Harper Regime in Ottawa has quietly and sneakily placed a major provision in their 2013 Canadian federal budget that calls for Canadians to be on the hook for saving criminal banksters if and when they are on the verge of collapse! Here is that very important article that everyone, especially my fellow Canadian citizens, should read and heed. I do have my own thoughts and comments to follow:
Monday, April 1, 2013
Jeff Berwick Activist Post
Rest easy, Canadians, for your bank accounts are going to be made as safe as those bank accounts in Cyprus. Just take a look at the Canadian government's budget plan for 2013, particularly pages 144 and 145 of Economic Action Plan 2013. There the Canadian government promises to use Canadian deposits to save "systematically important" banks (emphasis ours).
The Government proposes to implement a "bail-in" regime for systemically important banks.This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants.Those bank liabilities that will be allowed to be converted into regulatory capital? Those include customer accounts. Apparently bailing "out" banks with tax money is too 2012. Now bail "ins" with customer money are all the rage.
The report says "in the unlikely event" that one of the banks becomes "non-viable." How do you think not having to worry about losses will affect the bankers' attitude toward risk, however? We'd say that this government-guaranteed ability to raid deposits will make the banks act more recklessly and also guarantee that the deposits will raided. The big banks in Canada will get to take on enormous risks in pursuit of greater profits for themselves without having to worry about their losses. After all, any losses will now be covered by the bank customers money that they put in their with the crazy notion that it would be safe from theft.
Before you chuckle at the silly Canucks who thought they'd be safe, ask yourself if your bank account is really safe too. Because this legal right for the banks to steal deposits is becoming the new normal all across the Western World. It's well on its way to becoming the law in Europe as early as 2015. The European Commission has already written a draft of the law which will protect deposits under 100,000 euros, but which will treat deposits over that amount as capital that can be "bailed in", i.e. stolen to make up losses.
Personally, I cannot understand how anyone in Canada, the US or anywhere in the Western World could think even for a second that their money is safe in a bank, especially these days as The End Of The Monetary System As We Know It (TEOTMSAWKI) is forcing the governments and banks to show their true colors and just outright take people's money. They aren't even bothering to hide their larceny with inflation or borrowing anymore. The banks are the first line in the government-corporate offensive against individuals. Keeping your money in the bank at this point is like giving the keys to your house to a family of kleptomaniacs with pyromaniac tendencies. Don't be surprised if all your stuff ends up getting swiped and your house is burned to ground.
Also, due to recent legislative reform, Canadian securities held by those with domicile in Canada can no longer be traded in accounts held in other parts of the world. Non-Canadian banks have been sending letters to their Canadian customers to inform them that they must sell or transfer any Canadian securities held in their accounts by an April 5 deadline. Canadians can't even transact with an offshore broker who isn't registered in their specific PROVINCE. Even US slaves are a bit freer in this regard as they only have to file with the SEC. Of course, the best of all worlds is to unslave yourself entirely by getting a passport in a freer country so you can let go of your US or Canadian slave card. The barriers for doing business outside their nation-state's borders will only increase for Americans and Canadians.
We believe that there will be a lot more slaves from the Western World fleeing out of their currencies into Bitcoin. Europeans, particularly the Spanish, are leading the way, but Americans and Canadians will be forced to start running too.
You can also be part of the vanguard who is using technology to avoid the government-banking-fiat currency system altogether by switching from fiat currency accounts to the decentralized digital currency realm with Bitcoin. If you must have a bank account, don't keep it in one of the kleptomaniac banks of the Western World. Instead get the account in a safer, less indebted country.
See how TDV can help you with offshore banking options here.
Anarcho-Capitalist. Libertarian. Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.
NTS Notes: I stated in my last rant that it does appear that the criminals in government here in Canada are fully aware that something major is about to happen to all of the world's economies, and that it will happen very soon.
It does appear that the Harper regime was hoping to slide this provision through their annual budget and had hoped that most Canadians would overlook this "small tidbit" of information. It is no wonder that they conveniently attempted to bury this important piece of information on pages 144 and 145 of this year's budget, hoping that most Canadians would be too ignorant or too stupid to notice.... Thankfully, myself and others have noticed and are trying to alert all Canadians of this absolutely atrocious measure...
It is important that this message gets out to all people, especially those living here in Canada... Please take this information and alert everyone that the criminals in Canada are willing to steal the hard earned earnings of every Canadian citizen to prop up criminal Jewish bank fraudsters! This type of action must absolutely never happen, and it is up to all Canadians to make sure these criminals never get the chance to pull this off....
More to come