2013 Canadian budget makes provisions for BAIL-INS i.e. stealing from bondholders and DEPOSITORS! SHIN le Pit

Konichiwa fellow tinfoil models.

I was disturbed to see this today..

here is the budget.

www . budget.gc . ca/2013/doc/plan/budget2013-eng.pdf

take the spaces out.

on document pages 154-155 (pages 144-145) it details the following:

144

“The Government also recognizes the need to manage the risks associated with systemically important banks—those banks whose distress or failure could cause a disruption to the financial system and, in turn, negative impacts on the economy. This requires strong prudential oversight and a robust set of options for resolving these institutions without the use of taxpayer funds, in the unlikely event that one becomes non-viable.”

145, the money shot

"The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital."


sleep well, buy some gold and silver and have a nice day. FYI!