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New Zealand ‘Plans to Seize Bank Accounts’ Cyprus-Style: National planning Cyprus-style solution for New Zealand …The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today. Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out. “Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand – a solution that will see small depositors lose some of their savings to fund big bank bailouts,” said Green Party Co-leader Dr Russel Norman. – Scoop
Dominant Social Theme: It’s all ours now.
Free-Market Analysis: First Cyprus and now New Zealand. Is it coincidence or something more?
Globalists that are trying to create an international monetary solution often implement programs in various countries at once. The question arises as to whether Money Power itself – the banking entities and those behind them that control a good deal of the world’s wealth – have decided to “send a message” about the relationship between citizens and their banks.
We’ve certainly noticed that the advent of the Internet and ever-rising level of information sharing has sparked additional assertiveness from Western governments. The US in particular, with its expanding wars in Africa and assertion that US officials are to collect taxes anywhere in the world, is becoming extraordinarily aggressive.
But even US officials have not yet suggested that in the case of banking failures, citizens would be liable for a significant haircut or even lose their entire life-savings.
Cyprus and New Zealand are well down this road.
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