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OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » From Max Kaiser – The Doc: CONTAGION! Depositor Haircut Bail-Ins Spread to New Zealand, Gov’t Discussing Cyprus Style Solution for Bank Failure!

From Max Kaiser – The Doc: CONTAGION! Depositor Haircut Bail-Ins Spread to New Zealand, Gov’t Discussing Cyprus Style Solution for Bank Failure!

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PurpleSkyz

PurpleSkyz
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From Max Kaiser – The Doc: CONTAGION! Depositor Haircut Bail-Ins Spread to New Zealand, Gov’t Discussing Cyprus Style Solution for Bank Failure!
Posted on March 19, 2013 by Jean
Posted on March 19, 2013 by The Doc



*BREAKING!
Depositor haircut wealth confiscations have just gone from a one-off in Cyprus to the new thing in 2013.

The New Zealand government is reportedly pursuing a policy of Cyprus style depositor haircuts for all future bank failures!

The plan would not limit the haircuts to any percentage, but would steal whatever is necessary from depositors to prop up the failing bank institution: Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat.

The rule of law in the entire Western financial world is apparently vaporizing faster than the spent fuel at Fukushima.
Click here for more on New Zealand depositor haircuts

Thanks to: http://jhaines6.wordpress.com

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