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TOPIC: Canada's EAP 2013 + Cyprus = sorry, you lose

Canada's EAP 2013 + Cyprus = sorry, you lose 2 months 3 weeks ago #924

  • Happy Bird
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Credit for this story is given to Global Research dot org

Basically, the article reveals that in the new Economic Action Plan (tabled Mar 13) put out by Harper, allows the gov't to use your savings to bail out banks in Canada.

I wonder then, when Canadaians will wake up to the fact that harper is a neo-con in line with the likes of bush and blair (lying, murderers, and international criminals). Rigged elections and selling sovereignty to those with the most cash, are par for the course with these sociopaths. In fact, harper is already a wanted man by the ITCC for participating in genocide cover ups, so it does not surprise me that he is now going after the money of average canadians to bail out his corporate cabal bum buddies.

In any case, please use your own intuition to find the truth of it. The article in full is found here:

((replace the two **, with tt))

h**p://www.globalresearch.ca/the-confiscation-of-savings-in-canada-cyprus-style-bail-ins-proposed-by-ottawa-government/5329263

The link to Canada's Economic Action Plan:
h**p://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf ((replace the two **, with tt))
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Some of the article to note:
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The following comes from pages 144 and 145 of “Economic Action Plan 2013″ which you can find right here. Apparently the goal is to find a way to rescue “systemically important banks” without the use of taxpayer funds…

"...Canada’s large banks are a source of strength for the Canadian economy. Our large banks have become increasingly successful in international markets, creating jobs at home.

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..."

So if taxpayer funds will not be used to bail out the banks, how will it be done? Well, the Canadian government is actually proposing that a “bail-in” regime be implemented…

"...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. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants..."

So if the banks take extreme risks with their money and lose, “certain bank liabilities” (i.e. deposits) will rapidly be converted into “regulatory capital” and the banks will be saved.

Cyprus-Style Bank Account Confiscation Is In The New Canadian Government Budget

In other words, the banks will just be allowed to grab money directly out of your bank accounts to recapitalize themselves.
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Of course there is no 'economic plan' to hold those bankers responsible for losing other peoples money on risky ventures, by placing them behind bars where they ought to be...freaking thieves.

In any case...Be Well my fellow country men and women (All Canadians) and...remember the Medicine Wheel

HB
Last Edit: 2 months 3 weeks ago by Happy Bird.
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The following user(s) said Thank You: makwaiskwew

Canada's EAP 2013 + Cyprus = sorry, you lose 2 months 3 weeks ago #926

  • Happy Bird
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Just a friendly reminder to all canadians...who your real masters are...disgusting back scratchers who want to tickle the spine of canadian taxpayers with their hairy bellies...eeeuuuu :)
___________________________________________________________________
Power Behind the Throne: the Canadian Council of Chief Executives .


Published on 29 Jan 2013

That the Council wields enormous power in the Canadian political arena is
beyond dispute. Its membership roster is a Who’s Who of Canadian business
and politics, including current President John Manley, who was named Time
Canada’s “Newsmaker of the Year” in 2001 for his role in crafting cross-border
anti-terrorism strategies with the first U.S. Homeland Security Secretary Tom
Ridge and served as Deputy Prime Minister in the Chretien cabinet from 2002 to
2003. Other members of the council are household names, if not personally than
for the companies they helm: Air Canada, Bombardier, CN, Deloitte, Encana,
GlaxoSmithKline, IBM, KPMG, Royal Bank of Canada, and many other firms at the
heart of the Canadian economy.

Find out more about this little-scrutinized organization of influence in this
week’s episode of The Eyeopener from BoilingFrogsPost dot com
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