The Confiscation of Bank Savings to “Save the Banks”: The Diabolical Bank “Bail-n” Proposal
By Prof. Michael Chossudovsky Global Research, April 02, 2013
URL of this article: -
“It is important that the people across the land, in the European Union and North America, nationally and internationally, forcefully act against the diabolical ploys of their governments – acting on behalf of dominant financial interests – to implement a selective process of bank deposit confiscation.”
A growing number of the major media now have the information in this article. The Canadian public have a right to know its content. Why is there a seemingly black-out in the media? Government orders?
When you watched the agony of Cyprus citizens lose up to 30% of their savings did you think it will never happen here? Think again. The last budget bundle presented by Canada’s finance minister “Economic Action Plan” including the Bail-in procedure was adopted. The Conservatives have the majority after all. How did you vote in the last national election?
In his concluding remarks the professor said that lower and middle income groups “will not be the main target”, yet according to him Canada’s ‘Economic Action Plan 2013’ acknowledges that the proposed Bail-in will be consistent with reforms in other countries. To quote - “Aye now there’s the rub” [remedy]. He admits that behind closed doors at various international venues the model is “currently a talking point”. So Bail-ins are not finalized. What is final is that Canadians can be sure Canadian government now has the right to use ‘Bail-ins’ to ‘Bail-out’ banks whose parameters are under discussion ergo not finalized.
Clearly it is time to begin now for, across this land, to organize a peoples resistance to undemocratic acts. Canada desperately needs a broad people’s political movement. A movement that will demand the restoration of democracy in Canada. Democracy where people make a difference and not profits.