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Swiss Gov’t Betrays it’s Citizens…Secretly Adopts Bail-in Laws in 2011 … Almost 4 Years Before the EU Did !?!
BAIL-IN = CONFISCATION
On April 20 2011
the Swiss Government, SECRETLY and WITHOUT VOTATION BY THE PEOPLE (or even public discussion), modified the existing Banking Laws to include BAIL-INs for their pals, the “Too Big to Fail” banks, in case of future failiure…
almost 4 years BEFORE the EU did!
In other words, people of Switzerland, your elected officials voted to save their pals, the Central Bankers, with YOUR MONEY, the money of the depositors … via BAIL-IN CONFISCATION … and all this a full 3 and 3/4 years before the EU approved it!!!
wait a minute!
That’s also 2 years BEFORE the Cyprus Bail-ins!!!
If I were Swiss I would be pissed!
… wait a minute … I AM SWISS … I’M PISSED!
Switzerland is by far not the only Central Bank country to have voted Bail-ins, however this scandelous piece of legislation is in total contradiction with the priciples of the Swiss democratic system as it was voted in TOTAL SECRECY!
Why would they vote such a thing?
Why do they need to steal OUR money?
Is this perhaps because all the Swiss gold is gone?
No other Swiss I’ve spoken to is aware of how they have been set up. They have so much faith in their elected officials and in their banking system that they are blind, even when you show them the proof, as you will see below!
They call me a “conspiracy theorist”.
They are soooo screwed!
We all are…
1. What Is A Bail-In? Definition 1 – A bail-in is when regulators or governments have statutory powers to restructure the liabilities of a distressed financial institution and impose losses on both bondholders and depositors.
2. What Is A Bail-In? Definition 2 – A bank bail-in is an attempt to resolve and restructure a bank as a going concern, by creating additional bank capital (recapitalisation) via forced conversion of the bank’s creditors’ claims (potentially bonds and deposits) into newly created share capital (common shares of the bank).
3. What Is A Bail-In? Definition 3 – In Plain English, If your bank goes bust then your deposits/savings will be taken from you and turned into shares of the bank. You have no say in the matter because in legal terms, as a bank depositor, you are just an unsecured creditor of the bank.
www.slideshare.net/MichaelOBrien3/what-is-a-bailin
The EVIDENCE:
signed by President Micheline Calmy-Rey
and Chanceler Corina Casanova
French version (PDF): see page 4389
Cover page:
Page 4389:
German version (PDF): see page 4741
Cover page:
Page 4741:
No Bank Deposits Will Be Spared from Confiscation
This applies to ALL CENTRAL BANK COUNTRIES
Did you know that as soon as you deposit your money in the bank, It becomes the property of the bank to do with as they please?
“Money when paid into a bank, ceases altogether to be the money of the principal… it is then the money of the banker, who is bound to return an equivalent by paying a similar sum to that deposited with him when he is asked for it.
The money paid into the banker’s, is money known by the principal to be placed there for the purpose of being under the control of the banker; it is then the banker’s money; he is known to deal with it as his own; he makes what profit of it he can, which profit he retains himself…
The money placed in the custody of the banker is, to all intent and purposes, the money of the banker, to do with it as he pleases; he is guilty of no breach of trust in employing it; he is not answerable TO THE PRINCIPAL IF HE PUTS IT INTO JEOPARDY, IF HE ENGAGES IN A HAZARDOUS SPECULATION; he is not bound to keep it or deal with it as the property of the principal, but he is of course answerable for the amount, because he has contracted, having received that money, to repay to the principal, when demanded, a sum equivalent to that paid into his hands.”
So, when the Bank of England, the FED and the BIS issued the guidelines which became the template for the Cyprus “bail-in” (which was endorsed by the G-20 Cannes Summit in 2011), it was merely a circuitous way of stating the legal position without arousing the wrath of the people, as they well knew that if the truth was out, there would be a revolution and blood on the streets. It is therefore not surprising that the global central bankers came out with this nonsensical advisory:
“The objective of an effective resolution regime is to make feasible the resolution of financial institutions without severe systemic disruption and without exposing taxpayers to losses, while protecting vital economic functions through mechanisms which make it possible for shareholders and unsecured and uninsured creditors to absorb losses (BAIL-IN!) in a manner that respects the hierarchy of claims in liquidation.”
www.globalresearch.ca/no-bank-deposits-will-be-spared-from-confiscation/5332743
So…
Protect your hard earned fortune and get as much of your savings out of the banking system as you can before the system collapses and the Bail-ins start.
It is not a matter of if, but when…
Invest in tangible commodities such as PHYSICAL SILVER and GOLD asap and store it OUTSIDE of the banking system. Bank deposit boxes will be raided … I mean “bailed-in”… as they were during the Cypres bail-ins. Convert as much of your wealth as you can before it’s too late to.
Never buy gold or silver paper contracts (GLV, SLV) as they are WORTHLESS! Only physical metal in hand will do. There is much corruption in the paper Precious Metal market.
Don’t expect prior notification from the Media or the Government before the bail-ins start…they are the ones keeping the truth from you to begin with!
By the time your hear about it on the news, it will be too late.
Now maybe you people understand why they talked the Swiss citizens OUT of the gold initiative in November. Governments LIE, ad nauseam.