Wednesday, August 24, 2016

Canada Prepares to Seize Bank Deposits In Apocalypse


In the crash of 2008 governments “bailed out” banks with billions of dollars. The next time around banks will be permitted to seize your deposits and exchange them for shares, shares in a failed bank.
On June 22, 2016 Bill C15 became law along with its controversial “Bail-In Regime”. In the crash of 2008 governments “bailed out” banks with billions of dollars. The next time around banks will be permitted to seize your deposits and exchange them for shares, shares in a failed bank.
Some say that Canadian banks are so strong Canadians don’t have to worry. But the experts say “Canada is in Serious Trouble”. DBRS, Moody’s and Standard and Poors all have downgraded Canadian banks to a “negative” outlook. The Bank of Canada says our housing market is 30% overvalued, Deutsche Bank says 63% and CMHC says 35%. With average house prices now over over $1.3 million in Toronto and Vancouver a crash appears imminent.
Canada is trying to do this early, before it will trigger panic. But that means we are approaching the period when such an act would create panic, and collapse banks.
This is not the act of a government which is confident that bank collapses will not happen, and the economy is recovering. This is the act of a government resigned to what is coming.
China, Europe, a purposeful act to damage Trump, or some other event are all we are waiting on.

No comments:

Post a Comment