Monday, December 1, 2014

Deposits and Pensions as 'Unsecured Debt'

Not many people will take the time to read the small print of the agreements signed at the G20 recently in Australia. This is a pity, as it could, literally, mean the difference between life and death for those who understand the ground-breaking importance of what was agreed there:

I must do a little digging on the 'Financial Stability Board' but again, do we need to? Pretty predictable these days to guess where these ghouls originate from - the same big banks who are now saving themselves by relying on bail-ins. And that means all of our hard-earned savings and pensions go up in smoke.

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