Thursday, April 25, 2013

No Bank Deposits Will Be Spared from Confiscation

The key words of the BIS guideline are:

"without severe systemic disruptions" (i.e. bank runs),

"while protecting vital economic functions" (i.e. protecting vested interests – bankers),

"unsecured creditors" (i.e. your monies, you are the sucker),

"respects the hierarchy of claims in liquidation" (i.e. you are last in the queue to be paid after all secured creditors have been paid).

This means all depositors are losers!

Please read this article carefully and spread it far and wide.