Matilda
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Post by Matilda on Oct 29, 2014 7:54:21 GMT 10
I have heard this in passing in the last few days and when I was listening to Steve Price ( who is so naive you could slap him into reality) last night, a caller phoned in and I'm not sure exactly the word he used but it sounded like 'banning', 'baining', 'bayning', but it was said in the same sentence as the G20. From what I can gather this caller said that Canada and the USA want it discussed at the G20 in Brisbane..........the word/term I didn't quite get. Now Steve Price fobbed him off saying, 'no the banks cannot do that', but the caller wasn't talking about banks, but about governments. The fellow was actually saying that if things go 'belly up in the world financially', that they are going to bring in this b....... to permit governments to do a Cyprus where to stave off total financial collapse of the EU, not just Cyprus, they raided the bank accounts of everyday citizens. There is a measure in place that $250,000.00 or under, the Government will protect this if there is another GFC - AND this is why Joe Hockey put back $8billion into the Reserve Bank to protect the banks (and us), but what this guy is saying is that the G20 will be discussing it. In other words - it's on the agenda. If you have been following USA politics, I don't care what the Fed and the media are saying, the USA is in deep trouble. This maybe nothing at all, but I'm afraid the media will not be telling us about it. We just need to be vigilant otherwise 'Ya on ya own laddie'. This article is a couple of years old. theeconomiccollapseblog.com/archives/the-global-elite-are-very-clearly-telling-us-that-they-plan-to-raid-our-bank-accounts |
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Post by You Must Enter A Name on Oct 29, 2014 16:02:21 GMT 10
interesting, you certainly have your ear to the ground on this one then.
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Post by pheniox17 on Oct 29, 2014 17:24:44 GMT 10
When the USA goes down the west goes down...
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Ammo9
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Post by Ammo9 on Oct 29, 2014 18:33:04 GMT 10
So what should the prepper response to this news be? Will the money they don't take even be worth anything?
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Post by You Must Enter A Name on Oct 29, 2014 19:09:04 GMT 10
So what should the prepper response to this news be? Will the money they don't take even be worth anything? Normally when this happens the existing currency system is scrapped, a new one invented and people can trade in their existing money for the new system, however the exchange rate would be atrocious. The reason for this would be that the currency has been grossly overvalued by manipulation. That's my understanding of it anyway. So to answer your question, no, cash it out and use it to line your mattress or stuff it into your walls for insulation. *taps nose* unless your into precious metals, if you had some of those..... |
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Ammo9
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Post by Ammo9 on Oct 29, 2014 19:12:16 GMT 10
Bought some silver, negotiating a trade for some more. Looking at buying around 10oz a month
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Post by graynomad on Oct 29, 2014 19:53:44 GMT 10
I reckon the term used was "bail in", an expression that means the banks can take your saving to get themselves out of trouble. Apparently there is legislation afoot in the EU to allow this, dunno about Oz but if they are doing it elsewhere they'll do it here if they see the need.
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Matilda
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Post by Matilda on Oct 30, 2014 6:41:34 GMT 10
graynomad. This is what it's called - thanks for that. I believe NZ has also been looking at it too  after looking at another link I came across last night. |
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antiag21
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Post by antiag21 on Oct 30, 2014 8:41:15 GMT 10
They passed a law last year in oz and nz to allow a bail in....
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Matilda
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Post by Matilda on Oct 30, 2014 8:49:07 GMT 10
Geeez Louise.
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Post by Fractus on Oct 30, 2014 8:56:12 GMT 10
Constitutionally it will be awkward for Feds to steal our money. But the states could do it easier I think. Particularly qld with only one House of Parliament. Feds would have to find a constitution section and make it fit. Then get all the rich members of parliament in both houses to agree, knowing they would lose money also. This would be hard to do without us knowing due to the current processes. If they subvert the system ie go in camera (parliamentary stealth mode) then we would know something is going on... But not what it is.
States don't have constitutions that are as fixed as the Feds and can do as they please almost. Take land for roads with little regard to fair comp for someone who has lived there forever. Remember " the castle " was just a fictional movie except for the jousting poles. I want then no matter the price.
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Post by Peter on Oct 30, 2014 10:52:19 GMT 10
There's a simple solution - let Mrs Pete get hold of the credit card and there won't be anything left for the government to take.
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Deleted
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Post by Deleted on Nov 2, 2014 20:13:02 GMT 10
So what should the prepper response to this news be? Will the money they don't take even be worth anything? the existing currency system is scrapped, a new one invented and people can trade in their existing money for the new system, however the exchange rate would be atrocious. The reason for this would be that the currency has been grossly overvalued by manipulation. That's my understanding of it anyway. So to answer your question, no, cash it out and use it to line your mattress or stuff it into your walls for insulation. *taps nose* unless your into precious metals, if you had some of those..... exsqueeeeeeeeze me?? |
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Deleted
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Post by Deleted on Nov 2, 2014 20:18:21 GMT 10
I reckon the term used was "bail in", an expression that means the banks can take your saving to get themselves out of trouble. Apparently there is legislation afoot in the EU to allow this, dunno about Oz but if they are doing it elsewhere they'll do it here if they see the need. I rememeber getting money in my pay packet: you actually got a packet with money in it. That was cool but the excuse was that secretaries got mugged going to the bank.. ... we've been had: it's a stick up  |
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Post by You Must Enter A Name on Nov 2, 2014 21:24:29 GMT 10
Normally when this happens the existing currency system is scrapped, a new one invented and people can trade in their existing money for the new system, however the exchange rate would be atrocious. The reason for this would be that the currency has been grossly overvalued by manipulation. That's my understanding of it anyway. So to answer your question, no, cash it out and use it to line your mattress or stuff it into your walls for insulation. *taps nose* unless your into precious metals, if you had some of those..... exsqueeeeeeeeze me?? It has happened before, just not in the west, to my knowledge. Basically when the currency of a nation is literally worthless and the government itself goes into default, they scrap the existing currency. However they do allow you to trade in your old currency for new currency, it's just that maybe one thousand dollars in the old currency only equals one hundred dollars in the new currency. I get that you highlighted the normally when this happens part, it is something that happens from time to time around the world and when it does happen that is generally the process that is followed, or so I am led to believe. Your shock is probably due to suffering the same affliction the rest of us suffer, having being pampered in a western country during our golden era. |
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Deleted
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Post by Deleted on Nov 3, 2014 1:11:05 GMT 10
fair enough, just an ultra scary thought is all!
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Ammo9
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Post by Ammo9 on Nov 3, 2014 1:15:56 GMT 10
Think gfc, but much worse...
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after looking at another link I came across last night. 
