This will save you 83% of your assets.
Read about "Bail-in" from the horse’s mouth, the Federal Deposit Insurance Corporation, and the Bank of England. In Canada Bail-In is written directly in their most recent budget submission papers. A depositor and account holder anywhere in the Western financial world is an unsecured creditor of the financial institution. Everything in your account can be Bailed-In, everything!
Funds can be bailed In. Charities can be bail-In. Institutions can be bailed-in, non profits can be bailed-in. Hedge funds can be bailed in.
In Cyprus there were no exceptions. Here there will be no exceptions.
---------------------------------------------------------------------------------------------------
This Will Save You 83% Of Your AssetsPosted June 14th, 2013 at 7:01 AM (CST) by Jim Sinclair & filed under General Editorial.http://www.jsmineset.com/2013/06/14/this-will-save-you-83-of-your-assets/
Dear CIGAs,
This will save you 83% of your assets.
Read about "Bail-in" from the horse’s mouth, the Federal Deposit Insurance Corporation, and the Bank of England. In Canada Bail-In is written directly in their most recent budget submission papers. A depositor and account holder anywhere in the Western financial world is an unsecured creditor of the financial institution. Everything in your account can be Bailed-In, everything!
Funds can be bailed In. Charities can be bail-In. Institutions can be bailed-in, non profits can be bailed-in. Hedge funds can be bailed in.
In Cyprus there were no exceptions. Here there will be no exceptions. There will be no exception unless you make the exception for yourself doing the very simple step by step diversification I outlined for you without the need to change any investments you have, or do not have.
This challenge coming at us like a locomotive is a challenge rendered sterile by simply changing the mechanism of your shares, commodities and deposits. Please pay attention.
I assure you big money is moving out as we communicate. Why are you just sitting there on your hands? Many of you are.
Why are you trying to get hurt? Diversification is all you require. It is so simple and in the Cyprus case would have saved a blocked funds action of 83%. IRAs can be certificated and/or direct registered if your custodian will simply cooperate without triggering a tax event. Many have accomplished this. Any custodian can do it but many are to disinterested and lazy to be concerned about you.
I am deeply concerned for you.
On the week of the 8th of July, I will, for Q&A Sessions, be in Chicago, Vancouver and Scottsdale in that order. The last thing I need is more traveling, but I care this deeply.
======================================================
Resolving Globally Active, Systemically Important,
Financial Institutions
A joint paper by the Federal Deposit Insurance Corporation and the Bank of England
December 10th, 2012
click here:
www.fdic.gov/about/srac/2012/gsifi.pdf
to read the actual 15 page Bank of England / FDIC Report.
Or read it in the awkward Scribd. reader further below.
Dec 10, 2012 – Federal Deposit Insurance Corporation and the Bank of England … This paper focuses on the application of “top-down” resolution …. administration can create significant and systemic risks for the real economy by interrupting …
....
Both the U.S. and U.K. approaches ensure continuity of all critical services performed by the
operating firm(s), thereby reducing risks to financial stability. Both approaches ensure
activities of the firm in the foreign jurisdictions in which it operates are unaffected, thereby
minimizing risks to cross-border implementation. The unsecured debt holders [ that's YOU as a bank depositor! ] can expect that their claims would be written down to reflect any losses that shareholders cannot cover, with some converted partly into equity in order to provide sufficient capital to return the sound businesses of the G-SIFI to private sector operation. Sound subsidiaries (domestic and foreign) would be kept open and operating, thereby limiting contagion effects and crossborder complications. In both countries, whether during execution of the resolution or
thereafter, restructuring measures may be taken, especially in the parts of the business
causing the distress, including shrinking those businesses, breaking them into smaller entities,
and/or liquidating or closing certain operations. Both approaches would be accompanied by
the replacement of culpable senior management.
.......
Conclusion
64
In both the U.S. and the U.K., legislative reforms already made or planned in response
to the financial crisis provide new powers for resolving failed or failing G-SIFIs. The FDIC
and the Bank of England have developed resolution strategies that take control of the failed
company at the top of the group, impose losses on shareholders and unsecured creditors--not on taxpayers [ Orwellian double-speak at its finest! ]—and remove top management and hold them accountable for their actions.
These strategies provide an efficient path for returning the systemically important parts of the
G-SIFI to the private sector by exchanging or converting a sufficient amount of creditor
claims from the failed company into capital in the newly resolved entities. Because the
resolution action is taken at the top of the group and by the home authorities, continuity of all
critical services would be maintained and subsidiaries (foreign and domestic) would remain
open and operating with access to sufficient liquidity. As a result, the strategy achieves the
important goals of imposing market accountability and maintaining financial stability in all
jurisdictions in which the firm operates.
Dear CIGAs,
This will save you 83% of your assets.
Read about "Bail-in" from the horse’s mouth, the Federal Deposit Insurance Corporation, and the Bank of England. In Canada Bail-In is written directly in their most recent budget submission papers. A depositor and account holder anywhere in the Western financial world is an unsecured creditor of the financial institution. Everything in your account can be Bailed-In, everything!
Funds can be bailed In. Charities can be bail-In. Institutions can be bailed-in, non profits can be bailed-in. Hedge funds can be bailed in.
In Cyprus there were no exceptions. Here there will be no exceptions. There will be no exception unless you make the exception for yourself doing the very simple step by step diversification I outlined for you without the need to change any investments you have, or do not have.
This challenge coming at us like a locomotive is a challenge rendered sterile by simply changing the mechanism of your shares, commodities and deposits. Please pay attention.
I assure you big money is moving out as we communicate. Why are you just sitting there on your hands? Many of you are.
Why are you trying to get hurt? Diversification is all you require. It is so simple and in the Cyprus case would have saved a blocked funds action of 83%. IRAs can be certificated and/or direct registered if your custodian will simply cooperate without triggering a tax event. Many have accomplished this. Any custodian can do it but many are to disinterested and lazy to be concerned about you.
I am deeply concerned for you.
On the week of the 8th of July, I will, for Q&A Sessions, be in Chicago, Vancouver and Scottsdale in that order. The last thing I need is more traveling, but I care this deeply.
======================================================
Resolving Globally Active, Systemically Important,
Financial Institutions
A joint paper by the Federal Deposit Insurance Corporation and the Bank of England
December 10th, 2012
click here:
www.fdic.gov/about/srac/2012/gsifi.pdf
to read the actual 15 page Bank of England / FDIC Report.
Or read it in the awkward Scribd. reader further below.
Dec 10, 2012 – Federal Deposit Insurance Corporation and the Bank of England … This paper focuses on the application of “top-down” resolution …. administration can create significant and systemic risks for the real economy by interrupting …
....
Both the U.S. and U.K. approaches ensure continuity of all critical services performed by the
operating firm(s), thereby reducing risks to financial stability. Both approaches ensure
activities of the firm in the foreign jurisdictions in which it operates are unaffected, thereby
minimizing risks to cross-border implementation. The unsecured debt holders [ that's YOU as a bank depositor! ] can expect that their claims would be written down to reflect any losses that shareholders cannot cover, with some converted partly into equity in order to provide sufficient capital to return the sound businesses of the G-SIFI to private sector operation. Sound subsidiaries (domestic and foreign) would be kept open and operating, thereby limiting contagion effects and crossborder complications. In both countries, whether during execution of the resolution or
thereafter, restructuring measures may be taken, especially in the parts of the business
causing the distress, including shrinking those businesses, breaking them into smaller entities,
and/or liquidating or closing certain operations. Both approaches would be accompanied by
the replacement of culpable senior management.
.......
Conclusion
64
In both the U.S. and the U.K., legislative reforms already made or planned in response
to the financial crisis provide new powers for resolving failed or failing G-SIFIs. The FDIC
and the Bank of England have developed resolution strategies that take control of the failed
company at the top of the group, impose losses on shareholders and unsecured creditors--not on taxpayers [ Orwellian double-speak at its finest! ]—and remove top management and hold them accountable for their actions.
These strategies provide an efficient path for returning the systemically important parts of the
G-SIFI to the private sector by exchanging or converting a sufficient amount of creditor
claims from the failed company into capital in the newly resolved entities. Because the
resolution action is taken at the top of the group and by the home authorities, continuity of all
critical services would be maintained and subsidiaries (foreign and domestic) would remain
open and operating with access to sufficient liquidity. As a result, the strategy achieves the
important goals of imposing market accountability and maintaining financial stability in all
jurisdictions in which the firm operates.