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Watch Your Cash!: New BAIL-IN Rules Will Force "Failed Bank" Losses on Investors

Watch Your Cash!: New BAIL-IN Rules Will Force "Failed Bank" Losses on Investors

Mac Slavo
June 18th, 2013
SHTFplan.com

When the Cypriot government forced account holders to cover bank losses earlier this year most of the world assumed this was a one-off event, limited only to the people of Cyprus.

Though warnings urging depositors to get their money out of banks spread across the world, few have taken them seriously.

Perhaps now they’ll reconsider.

We’re all familiar with bail-outs, as in the government rescuing failed institutions, namely banks, by injecting them with tens of billions of dollars to prevent collapse.

But have you ever heard of a bail-in?

Read more: http://www.shtfplan.com/headline-news/watch-your-cash-new-ba...




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Investors should bear the burden

and why not? Isn't it always the business owner that suffers if the business fails? Why is there an exception for big banks?

FYI I don't interpret a depositor as an investor, but even then, the free market perhaps needs a few people to take it in the shorts for people to wake up and start scrutinizing where they put their money.

Sorry if this is too free-market a response.

"Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe."-- Albert Einstein

leave only enough money to

leave only enough money to pay your bills. Keep some cash at home. the only way to protect your self is buy physical gold and silver and store it your self.

Received this email.

During a robbery, the bank robber shouted to everyone in the bank:
"Don't move. The money belongs to the State. Your life belongs to you."
Everyone in the bank laid down quietly. This is called "Mind Changing Concept” Changing the conventional way of thinking.
When a lady lay on the table provocatively, the robber shouted at her: "Please be civilized! This is a robbery and not a rape!"
This is called "Being Professional” Focus only on what you are trained to do!
When the bank robbers returned home, the younger robber (MBA-trained) told the older robber (who has only completed Year 6 in primary school): "Big brother, let's count how much we got."
The older robber rebutted and said: "You are very stupid. There is so much money it will take us a long time to count. Tonight, the TV news will tell us how much we robbed from the bank!"
This is called "Experience.” Nowadays, experience is more important than paper qualifications!
After the robbers had left, the bank manager told the bank supervisor to call the police quickly. But the supervisor said to him: "Wait! Let us take out $10 million from the bank for ourselves and add it to the $70 million that we have previously embezzled from the bank”.
This is called "Swim with the tide.” Converting an unfavorable situation to your advantage!
The supervisor says: "It will be good if there is a robbery every month."
This is called "Killing Boredom.” Personal Happiness is more important than your job.
The next day, the TV news reported that $100 million was taken from the bank. The robbers counted and counted and counted, but they could only count $20 million. The robbers were very angry and complained: "We risked our lives and only took $20 million. The bank manager took $80 million with a snap of his fingers. It looks like it is better to be educated than to be a thief!"
This is called "Knowledge is worth as much as gold!"
The bank manager was smiling and happy because his losses in the share market are now covered by this robbery.
This is called "Seizing the opportunity.” Daring to take risks!

So who are the real robbers here?

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I love my country
I am appalled by my government