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PostPosted: Thu Jun 27, 2013 9:39 pm 
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http://uk.reuters.com/article/2013/06/2 ... 2L20130627

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The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.
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The rules break a taboo in Europe that savers should never lose their deposits, although countries will have some flexibility to decide when and how to impose losses on a failing bank's creditors.


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PostPosted: Fri Jun 28, 2013 7:29 am 
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I hope the UK banks, RBS exempted, are now in a better position to cope.

_________________
Lets be careful out there !


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PostPosted: Fri Jun 28, 2013 9:55 am 
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I think its more just the logical next step in systematic theft of wealth from "the little people": Step 1 low/zero IRs -> step 2 money printing -> step 3 direct deposit confiscation.


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PostPosted: Fri Jun 28, 2013 11:04 am 
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I agree with you Geezer. It is systematic robbery of the plebs by the globalist elite.

We are witnessing the outworking of Agenda 21. Where the plebs are having their life-support systems increasingly threatened, weakened and eventually denied. Whether it be meaningful employment; essential energy and water supplies; affordable wholesome non-GM food; decent housing; medical and proper care provision for the sick and vulnerable; or monetary savings and pensions. All are increasingly coming under threat with the purpose of increasing the death rate amongst the plebs. Our independence and ability to survive are being systematically removed from us by the political elite and their banker colleagues.


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PostPosted: Fri Jun 28, 2013 11:45 am 
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Kremmen wrote:
I hope the UK banks, RBS exempted, are now in a better position to cope.


Until such time as it is returned to the private sector RBS is one of the strongest banks in the World.

It comes with an unlimited UK taxpayer guarantee...

A bank isn't like a normal business because they don't make anything and they don't serve anyone but themselves therefore having the ability to steal deposits when things get rough would be excellent for them.

Moral Hazard to the winds......

The precedent was set in Cyprus....

The next step (and it will come) will be the systematic reduction in depositor guarantee. £85,000 is the current UK limit.

If you have more liquid funds than this then spread it around sever banks making sure to choose carefully. Nat West and Clydesdale for example come under the RBS banner so only one lot (currently) would carry the guarantee.

Personally I don't think the so called guarantee is worth the paper it is written on, the Government can cancel it anytime they want and if there were a widespread banking failure they would have no hesitation in doing so.

But by then it would be mad max and your main worry wouldn't be ho much you had lost but how many beans you had stashed in the shed.


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PostPosted: Fri Jun 28, 2013 11:55 am 
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geezer466 wrote:
The next step (and it will come) will be the systematic reduction in depositor guarantee. £85,000 is the current UK limit.
Agreed! In fact, the process is already well under-way. The printing of money and politically engineered inflation/currency devaluation, coupled with below inflation interest rates that are taxed by at least 20%, is currently robbing anyone with money in any bank, building society, or pension fund.


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PostPosted: Fri Jun 28, 2013 2:15 pm 
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The masses buy with credit FROM the bank, not with money they have IN the bank. This is the end of the road for the Powers To Be ability to put over tax payer backed bank bail-outs, there is just too much unrest now around the world, they are running scared I think and know they would never be able to pull it off again.


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PostPosted: Fri Jun 28, 2013 4:45 pm 
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geezer466 wrote:
The masses buy with credit FROM the bank, not with money they have IN the bank. This is the end of the road for the Powers To Be ability to put over tax payer backed bank bail-outs, there is just too much unrest now around the world, they are running scared I think and know they would never be able to pull it off again.
I don't think 'they' are running scared at all. I think 'they' are running to plan, and enjoying every moment. The plan will result in chaos, as it is intended to. The plan requires that the 'old' rules, or ways of doing things, can be seen as no longer being fit for purpose. A New World Order is planned based upon totally different rules, but first the 'old' ways must be seen to fail and fall into chaos. Then the phoenix, the new order, can arise out of the ashes of the old order.

The coming shortages in the electricity supply are one example of the engineered chaos that is being created. The fiat banking sector is a major part of the plan that is supposed to result in chaos. Everywhere we look today we can see chaos developing; just about every decision the politicos take results in an increasing rate of decline into global chaos.

We are told there is man-made global warming - when in truth, every one of us knows it is getting colder, and we have to have the heating on for longer every year. We are told that low carbon economy will be the salvation of the world - but just about every other major nation on this globe is building coal burning power stations. We are told that unrestricted immigration is good for the economy- and yet after decades of open door immigration the economy is in dire straights, and so is every other aspect of life in this uncontrolled immigration island. We are told that our island is over-crowded – and yet no politician or do-gooder will agree to close the UK's borders. We are told that multi-culturalism is good for us - but we all know our instincts tell us something very different, with large numbers of the indigenous population running to the hills in order to retain something of their natural culture. We all know and understand that heterosexual marriage is the only natural and best state in which to raise the next generation – and yet the politicos tell us that our natural instincts are wrong, and marriage must be redefined to include every unnatural union, to the detriment of the future of society. We are told we must be tolerant towards everything that is unnatural or offends our sense of fair play – and yet there is no reciprocal tolerance extended towards anybody who dares to disagree with the new political correctness. We are told that we MUST save and pay into our future pensions – but we are all fully aware that the banks and government are doing everything within their power to destroy the value of money. The young are told to gain educational qualifications in order to access meaningful employment – but there are very few meaningful jobs to be had any more because the nation's productive wealth generating industry has been politically destroyed, a process that can only be accelerated with the shortage of affordable energy supplies.

Just about everything we are told by the politicos and their media friends turns out to be either untrue, or a downright lie.

Chaos and disorder are being engineered so that a New World Order can be imposed; a world order in which normality and traditional morality are sacrificed upon the alter of Rebellion. And there you have it – self-centred rebellion is at the heart of the coming New World Order, in which 'old fashioned' qualities such as compassion, empathy, and human kindness will be alien. The New World Order has to be a compassion-free environment because those that are engineering it are themselves low to zero empathy people who care little or nothing for anybody, and where their only concerns are for their own wealth, and unrestricted power over others. A look at what is happening in the NHS today provides us with a window into what a compassion-free society will mean - you no longer fit in, or you are economically inactive; 'they' have a reservation on the Liverpool Care Pathway for such people.


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PostPosted: Fri Jun 28, 2013 5:39 pm 
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An excellent post yet again Westoman.


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PostPosted: Sat Jun 29, 2013 9:34 am 
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It would appear that nature is also becoming increasingly chaotic:

http://en.rian.ru/russia/20130628/181922753.html

http://www.kpopstarz.com/articles/32635 ... s-2013.htm

http://theextinctionprotocol.wordpress. ... rthquakes/

http://www.sott.net/topic/15-Volcanoes

I have neither heard nor seen any reports in the UK media of the above volcanic activity. Maybe I have missed the reports. But it is true to say, that any apparently abnormal weather condition receives blanket attention and reporting coverage from the BBC and other UK media, and used to 'prove' man-made global warming and climate change.

A fraction of a degree in variance of surface temperature from the considered average today is reported as evidence for climate change, and used to encourage us to reduce our CO2 emissions. But it seems that 'unusual' volcanic activity spewing out literally tons of gas and debris into the upper atmosphere isn't worth the blanket coverage the small variations in weather receives. Not only is something going on, but the media is being very selective about its reporting.


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