Now New Zealand is planning a Cyprus style bank deposit confiscation!

Since when do banksters live in the ghetto? Reading comprehension issues? Oh wait, banksters are your friend.......

Oh fuck it this is enough for me, I don't need to wait. My money is OUT of the banks today.

If you have anything in a 401K you can be certain it's up for the taking by the plundering bastards as well.

All you need is a dollar and a dream.

It's free! Swipe your EBT!

Why do you think the government needs cash? You honestly believe the rich people are getting the welfare that is bankrupting the government?

Unfortunately that won't happen (them rising up)

Every NZ or AU person I've met absolutely LOVE their socialist masters

They get to tell everyone that they're politically correct and they aren't willing to let that warm fuzzy go

+1

Government needs cash because they spend more money than they are receiving in taxes, They need to balance their budget. That said, this article is not about government it is about banks stealing peoples money from their accounts and has nothing to do with the ghetto.

LMAO! James Cameron the director who fled the USA to go live in New Zealand is shitting his pants right about now!

It's a government issued bailout allowing the bank to take its customer's money because the government is broke from too many on the dole...

If this is governments only solution then its time to end such governments. I think the Iceland solution to the bankers is the best method.

source: [link to cac.ophony.org]

You know, I might have to revise this. The ghetto might have a huge influx of new members if banks keep stealing peoples money.

yep it's the ghetto dwellers that created the derivatives markets, created the housing bubble, got trillions of bailout money only to turn around and give themselves millions in bonuses, etc etc,

you're sad

Wow...IQ level is terrifyingly low on this issue!

Government's have created this mess by creating a regulatory environment where it makes it cost prohibitive for small businesses to compete with large corporations. Too many overhead costs for small businesses, that is why they aren't hiring. That and uncertainty, small businesses don't know what the government is going to do or if they will just take everything they build up.

Government should operate from a balanced budget spending only what they can take in through taxes. Government should not rely on exponentially increasing amounts of debt to fund operations to give corporations monopolies over their competition through regulation.

Do you see the connection? The real economy is slowly dying, the real economy provides taxes from which the government can operate. Since they are killing the real economy they have to rely on more debt the banks manufacture out of nothing really, just empty promises the the real economy can pay off, the real economy they are killing by their own policies.

Its madness really.

.

Obviously they want the bank-runs.

"Confiscation". Oh you mean THEFT.

These bastards know they can pretty much get away with anything they want because the populace is generally docile. Mind you, I blame the people of New Zealand for voting for a BANKER for Prime Minister. Fucking idiots.

If we go this route (instead of simple deposit insurance which rewards lower risk) we will be telling the banks to gamble like crazy.

ANy profit is theirs
Any loss will be paid by depositors

It really is time for him to GTFO

people say that about american banks too, turns out they aren't making anything at all, just tax dollars

[link to www.bloomberg.com]

it is time for action now i think

as much as it pains me to say it, because i feel this is all planned, but planned or not, keep your dirty stinking fucking hands OFF people's money, you dirty bastards!

yep

planned

we need to REMEMBER this

Central Banker scumbags who are multi-billionaires are hardly ghetto dwellers.

Because that is the day that the banks open back up in Cyprus. I'm waiting to see if everyone runs to get their money or if they go back to grazing.

You don't get it...all the worlds economic problems are the fault of the poor...poor people getting welfare, poor people getting loans they can't repay, it's the fucking dumbass poor people that are the problem.

There is no Bank failure here in HZ, this is complete shit stirring BS from a fwit run opposition political party whose stated solution to monetary problems would be to just print more money.

Money Hoarders need to be dealt with.

If they dont put their money back in the system.

then it should be taken back

Nice troll. Seriously, if I had 5 grand in a bank earning .05% (nothing) and now I hear about a potential 10% tax...err...confiscation to "help" with the bank's viability, I would pull mine out ASAP. The banks can lend up to 9 times what they have in actual cash. It is not my responsibility to cover their @$$e$ when those debtors can't pay it back. Fractional reserve is a ponzi scheme, and we allow ourselves to lend them our money in return for alleged "safety" of its return. When that disappears or dissipates, then I hv NO resolve to leave it there.

No, you don't seem to get. There are poor people because the rich want it that way. They steal from middle class and poor people with crooked laws and regulations that mostly benefit the rich and keep the poor....poor. The rich are then the ones who make risky loans to the poor knowing they can not pay it back thus making even more poor people. It is all set up that way and either you are a shill for them or just don't get it. Look in the mirror before calling someone a dumbass eh?