New 'Bail In' Regulations were agreed on the 1st August 2013 across Europe, US, New Zealand and Canada and mean that ordinary depositors funds are now at risk of confiscation. It is vital that everyone who has money on deposit with any bank or who might be responsible for deposits held in private or any other accounts on behalf of any other person or organisation consider their options and how these new regulations could potentially place these funds at risk of confiscation and what alternative banking options might be available in the UK.
16th November 2014 It's official - Banks no longer recognize your DEPOSITS as money!
On the 16th November something happened in the Western World that affects nearly everyone who has money in the Bank. Did you see this great event on the Mainstream News? Probably not! This is because the great British public rarely, if ever, gets to see anything on mainstream media of major importance when it comes to Reality or Truth. They continue instead to blur the minds of the masses with a continuing barrage of insignificant and easily forgotten stories that keep us in the world of ILLUSION. But make no mistake - A HUGE CHANGE HAS OCCURED! This change has taken place without any real public debate in the UK Parliament or in the US Congress and we have heard absolutely nothing that might heighten our awareness in the mainstream media. I wonder why?
What was this event?
It was when the G20 nations convened in Brisbane Australia, after four years of planning, to implement a new policy that places bank deposits on par with all other paper investments, subjugating account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. All member nations of the G20 immediately passed legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitised capital owned and controlled by the bank or institution.
In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs. Governments are however still trying to convince everyone that all is well and leading us to believe that statutory compensation schemes will protect the average investor, but what they don't tell you is that the amount held in each compensation scheme probably represents no more than 1% of the total liabilities of any of the major banks. In the event of a domino effect bank collapse, it is now clear that ordinary deposit holders will find themselves ranking behind all other secured holders that include derivatives.
As I have said in numerous articles and in previous programmes on Revelation TV, the total amount of derivatives of the major Banks is estimated between $1 and $2 quadrillion that represents at least 70 times the total amount of world GDP.
The author of the best selling book called "Web of Debt", Ellen Brown has just given an interview with Greg Hunter from which it will become clear to those who listen, that it is mathematically impossible to deal with the total Western debt by ordinary ‘cuts’ or other ‘austerity’ measures, including taxation because if we, in the UK were to see our income taxed at a rate of 100% we could not hope to make even a small dent in the total debt accumulating at the rate of about £5,000 per second. We need to wake up and understand that the elitists and mainstream bankers are preparing for massive "Bail Ins" using ordinary depositors money.
The following Video Release by Ellen Brown from the Public Banking Institute provides their perspective: