This is why you should take all your funds out of the Canadian banks.
Not only Canada but numerous Countries have written bank bail-in's into their budget plans.
Go to: https://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf
Go to: Pages 144 to 145
Establishing a Risk Management Framework for Domestic Systemically Important Banks
Most importantly top of page 145
- 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.
In case you missed it even after I broke the paragraph up to make it easier to see and understand.
"the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital."
Certain bank liabilities? Means, individuals banks accounts. Yours, Mine, your mothers, EVERYONES!
Protect your family now my steemian brothers and sisters.
Want further proof?
@joshsigurdson has two post you should not miss watching.
https://steemit.com/money/@joshsigurdson/h2s6xi0e
https://steemit.com/steemit/@healthiswealth/us-national-preparedness-month-is-september
http://theeconomiccollapseblog.com/archives/cyprus-style-bank-account-confiscation-is-in-the-new-canadian-government-budget
I try to explain this alot. Not many believe me or understand....The more you have the more you stand to lose.
I guess they don't know how to read or know what they are paying taxes for???
Ignorance is bliss!
Carnegie Mellon University
People deliberately avoid information that threatens their happiness and wellbeing. Researchers show that, while a simple failure to obtain information is the most clear-cut case of 'information avoidance,'They are also remarkably good at selectively directing their attention to information that affirms what they believe or that reflects favorably upon them, and at forgetting information they wish were not true.
http://www.cmu.edu/news/stories/archives/2017/march/information-avoidance.html
A very interesting read ........
So true.
True that.!
Perspective and perception focused as comfortably as possible.
is this the beginning of the end?
I hope its the the beginning to the end of the Banks!
Dangerous game, this kind of policy encourages risk taking from banks...
You can't print wealth the only way is for them to eventually directly take our savings. Turn that capital into silver and bitcoin this is the only way as they are the only assets you can own with out simultaneously being someone else's liability !