Document here :
Response ( h / t : Jack )
Regarding the soon-coming planned banking default and “haircutting” (confiscation) of Term Deposits and Savings Accounts in NZ and Australia
In a previous email I said that the big international City of London Corporation banks
(which control the world through the Bank for International Settlements in Switzerland)
were “planning to put our banks into statutory management and “haircut” (confiscate)
all or most of depositor’s savings soon in Australia and New Zealand in a financial crisis.”
(Indeed, this whole operation as a matter of fact is not only confined to us here but is global in nature.
However, I will just concentrate on how it is likely to affect us here in NZ and Australia and be as brief as I can.
As you will see, this amazing document outlines their actual plans and timeframe
in which these international bankers are plotting to arrogantly “haircut”
(in other words, “confiscate” most people’s life-savings) overnight during a pre-planned giant banking crash
and reopen the banks the following day after having fleeced depositors of most if not all of their life savings and cash
by “haircutting” their term deposits and savings accounts.
Presently in New Zealand officially there is $NZ210 billion held in term deposit and savings accounts
in the big four Australian-based British-controlled retail banks.
To appreciate the size of this amount relative to the NZ economy
– this is over four times the entire value of the total market capitalization of the NZ Stockmarket!
The reason why the International Banks want to grab these deposits in a deliberately planned banking crash
is that as secured creditors of the national banks,
they will wipe out excess liquidity in the system which to a large extent now
is worth no more than paper and ink or a digit on a computer screen
(now largely held in people’s life-savings)
which if it were withdrawn by depositors and put into real assets like shares, farms or homes,
it would be hyperinflationary and facilitate the easy repayment of the mortgages they hold over the entire country.
By crashing the system, and largely using depositors funds to fund the bank’s losses,
it means the bank’s secured creditors can take over all the assets in the country over which they have provided loans
- presently just about everything!
Do note that their timeframe for implementation is on page 10,
with the Reserve Bank having set a clear deadline of 30 June 2011 for all banks to provide an initial response to this consultation document.
Following this the banks are then expected to provide a detailed implementation plan to the Reserve Bank by 30 September 2011,
and after this the Reserve Bank expects all banks to be fully pre-positioned
(for the giant global banking crisis)
no later than that date 2012.
They have already tried out a test run on 15 February 2011 with “Haircuts on Depositors”
during the default of the Danish bank Amagerbanken in Denmark.
The Australian Reserve Bank and bankers have also been carefully planning for this event long before New Zealand,
as far as I can see from 2006.
See; http://www.melbournecentre.com.au/anzsfrc.html “Managing Bank Failure in Australia and New Zealand.”
All of this has been carefully planned from the City of London headed by the British Sovereign,
who is presently taking over the world,
via the Bank for International Settlements in Switzerland that covertly controls all the Reserve Banks in every country of the world
including the US Federal Reserve, Central Bank of China, Japan, and so on.
For proof, see: www.bis.org/publ/cgfs36.pdf
“The role of margin requirements and haircuts in procyclicality” (March 2010).