Cyprus Style Bank Raids in the U.S.? "Explicit Procedures" For It In Existing US-UK Joint Document

The Confiscation of Bank Savings to “Save the Banks”: The Diabolical Bank “Bail-In” Proposal globalresearch.ca

[excerpted] According to the Washington based Institute of International Finance (IIF) (right) which represents the consensus of the global financial establishment, “the Cyprus approach of hitting depositors and creditors when banks fail, would likely become a model for dealing with collapses elsewhere in Europe.” (Economic Times, March 27, 2013)

According to the Institute of International Finance (IIF), “hitting depositors” could become the “new normal” of this diabolical project, serving the interests of the global financial conglomerates...This new normal is endorsed by the IMF and the European Central Bank. According to the IIF which constitutes the banking elites mouthpiece, “Investors would be well advised to see the outcome of Cyprus… as a reflection of how future stresses will be handled.” (quoted in Economic Times, March 27, 2013)

There are provisions in both the UK and the US pertaining to the confiscation of bank deposits. In a joint document of the Federal Deposit Insurance Corporation (FDIC) and the Bank of England, entitled Resolving Globally Active, Systemically Important, Financial Institutions, explicit procedures were put forth whereby “the original creditors of the failed company “, meaning the depositors of a failed bank, would be converted into “equity”. (See Ellen Brown, It Can Happen Here: The Bank Confiscation Scheme for US and UK Depositors,Global Research, March 2013 - link)

What this means is that the money confiscated from bank accounts would be used to meet the failed bank’s financial obligations. In return, the holders of the confiscated bank deposits would become stockholders in a failed financial institution on the verge of bankruptcy...Bank savings would be transformed overnight into an illusive concept of capital ownership. The confiscation of savings would be adopted under the disguise of a bogus “compensation” in terms of equity.

What is envisaged is the application of a selective process of confiscation of bank deposits, with a view to collecting debt while also triggering the demise of “weaker” financial institutions. In the US, the procedure would bypass the provisions of the Federal Deposit Insurance Corporation (FDIC) which insures deposit holders against bank failures:

No exception is indicated for “insured deposits” in the U.S., meaning those under $250,000, the deposits we thought were protected by FDIC insurance. This can hardly be an oversight, since it is the FDIC that is issuing the directive. The FDIC is an insurance company funded by premiums paid by private banks. The directive is called a “resolution process,” defined elsewhere as a plan that “would be triggered in the event of the failure of an insurer . . . .” The only mention of “insured deposits” is in connection with existing UK legislation, which the FDIC-BOE directive goes on to say is inadequate, implying that it needs to be modified or overridden. (Ibid)

Because depositors are provided with a bogus compensation, they are not eligible to the FDIC deposit insurance. [full article at link]
This post is a follow up on: Cyprus Money Grab A 'Paradigm Shift' - And 1-9-13 'Wall Street' NY Ferry Crash, 3-26 Passover 3-25-13 "...the financial world forever changed today 3-25-13...The line has been crossed. With that, a new reality has just been imposed on the world by the globalist-cabal - which is that private money is no longer safe anywhere, not even in a bank. What they have done is they have created a 'new paradigm' in the world of personal finances where nothing is 'sacred' anymore, that is, except their globally-conspired dictatorial powers...How and when this 'new paradigm' affects Americans and their finances is an unknown, but the reality is that this European precedent of 'your-money-is-our-money' has been designed for global implementation. That is easy to see...the wealth of the world has in essence been laid claim to by the self-appointed global overlords...the reality is that "spoiling" all the countries is part of the zionist global domination agenda [see post]
There it is, the self-granted 'legal' ability to confiscate private monies already pre-written and awaiting passage in the U.S.. This joint document - "Resolving Globally Active, Systemically Important, Financial Institutions" - very effectively, for all intents and purposes, would, if enacted, remove any and all protections. Only thing needed would be a claim that any certain "globally active" institution is in some way 'threatening' the "systemic health" of the overall system and that institution could then be seized and the deposits of private citizens will then be up for grabs.

"Your money is our money" is the new paradigm they have created. It has come to this point not without great planning, but has been a progressive implementation stemming from the manufactured global financial crisis of '08 - designed to do exactly what is here seen - seize financial control of the entire world, right down now to the individual.

So here now is the the message being sent by the Znwo-ers - your money is not safe in the stock market, not safe in real estate, and now it is not even safe in the bank - including pensions...because, for one example, as is being hinted at with the pending bankruptcy of the city of Stockton CA, even those can disappear - and more cities will follow because global kingdoms do not have autonomous cities, or states, or even countries for that matter [link].

Global kingdoms with global financial controls, an embryonic 666-system forming - obviously the cryptic announcement last summer from Aurora that the 'dark knight rises' [link] was true. Be informed, absolutely, but most importantly understand that these things are having to do with bible prophecy. If you do not believe you might want to take another look at it. What is written will come to pass, exactly as written. You can prepare your horse, but safety is of the LORD only -- Prov. 21:31; Rom. 10:13

4-9-13 update: Cyprus-Cypress? "Derivatives Bust" To Bring Bank Raids In US? 4-9-13 'Cypress Stabbings' An As-Above-So-Below?
Ezekiel 7:19 'They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity'


Anonymous said...

Of interest....

Anonymous said...

seen this?

tom m. said...

Yes, did see that - Biden reading his scripted lines, as usual, now more blatant than ever though...