Global Wealth Confiscation Has Begun: Canada, EU, Australia, New Zealand!
Investmentwatchblog.com
September 29th, 2014
Dormant (abandoned) accounts
Accounts which are inactive or presumed to be abandoned will be subject to escheat (this means the deposits become the property of the federal government) in accordance with federal law and transferred to the Bank of Canada.
Canberra reaps $360m from inactive bank accounts
Bank of Cyprus’s Bail-in Blues
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
Poland reduces public debt through pension funds overhaul
In the event of a future banking crisis, European finance ministers agreed there would be bank ‘bail-ins’ instead of ‘bailouts’ where investors would be forced to rescue struggling financial institutions.
