WARNING to ALL UK bank depositors - New Rules Effective Tomorrow - Here come the BAIL INS!!!

You'll need the link I guess!

Link: [link to www.europarl.europa.eu]

Slowly over time they'll take it all. Money, guns even your home will be seized in the future. But don't worry they'll provide you with a micro stack & pack apartment in exchange for your labor. Oh and you'll love public transportation...

Now we are all Cyprus in 2012-13 crises.

Holy shit! Does this apply to each country, or will one EU country be responsible for another? I'm worried about multinational banks - the biggest in the UK, owned by Santander, which is Spanish I think. Does this mean UK people would have their bank balances taken to bail out a Spanish default? I hope there are some clued-up posters here who can explain it.

Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU's "bail-in" laws into national legislation, the European Commission said on Thursday.
The referral comes after the Commission issued a warning against Poland, the Netherlands, Luxembourg, Sweden, Romania and the Czech Republic for their non-compliance earlier this year.

Should the ECJ rule against the member states, governments could be hit with a daily fine until the directive is fully implemented.

The BRRD is a crucial part of the EU's vision to create a banking union among the 19 members of the euro, and is due to come into force on January 1.

[link to www.telegraph.co.uk]

Looks like it only affects the 19 countries who've got the euro as currency. Not the UK Op.

How is that bad? It says customers will not pay for the bail outs. Isnt that a good thing?

No - it says taxpayers won't pay - i.e. the governments. But customers will pay.

And people say bitcoin is a scam.

Your fiat is the biggest scam running for over 100 years!

The time to convert a portion of your 'money' to bitcoin is now!

Anybody with a positive balance, that is.

You were this close to being correct. I was reading and nodding and got to the bitcoin schtick.

Convert your fiat to something tangible. Like silber and gold.

Not only is bit coin every bit as ephemeral as fiat, but a record exists for every transaction. How great is that for the boys at NSA!

Bitcoin is effective for moving funds across borders that's all folks!

Says the guy looking to unload his 1s and 0s. Face it, you been scammed buddy.

A bank in Ireland is still the same bank in whichever country you visit, including the UK!

Don't think for one minute UK share holders or depositors won't panic.

Watch the banking share sell off begin on Monday..

cash is king...along with gold, silver, brass and lead.

Anyone that maintains a balance greater than the absolute bare minimum for monthly bills is foolhardy.

Bank o sealy pays the same interest and is always available.

Yeah, I think this is EU-wide, so everyone in the EU that has any money in the banks could end up having nothing...

RBS is such a fuck up they'll probably start stealing next Monday,you needn't worry about Spain

many ppl here lose all money... but i my english isnt soo good for explaine sorry..

The British Monarchy, the monarchy and nobility of Europe, as well as the Roman Catholic Church, all want a return to absolute Feudalism.

Chappy by the name of Larouche reckons the Kosher Nostra could pull the pin as early as next week

But don't forget they're also phasing out cash so people have no choice but to use banks. Time for revolution I think.

So true..

Just a normal working day for those covetous jews then.

Cowards and sheep don't revolt but if it gets going then count me in.

The pound scam reached the top, Arabians won't be pleased.