Bailins

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Here we cover the recent bailins and bail in legislation happening around the world!

Bail In Risk Heightened as banks in greece refuses the access to people’s safety deposit boxes

06.07.15 A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe

​https://mises.org/blog/lesson-greek-crisis-safe-deposit-boxes-are-not-safe

​Worse yet, the reeling Greek public suffered another shock yesterday when Deputy Finance Minister Nadia Valavani revealed to Greek television that the government and banks had already agreed that people would also not be allowed to withdraw cash from safe deposit boxes for as long as the controls were in place.  This may be part of a fallback plan if the ECB ends its bailout of the Greek banks.  The government with the banks’ connivance would seize the cash euros stored in these boxes and compensate their lessees by crediting an equal sum of euros to their increasingly inaccessible checking deposits.  The cash would then be fed into ATMs to postpone the day of reckoning for Greece’s zombie fractional-reserve banks.

Deutche Bank and Banco Santander failed stress test and can be at risk of Bail Ins

12.03.15 Deutsche & Santander Fail ‘Stress Tests’ – Risk of Bail-Ins

http://www.goldcore.com/us/gold-blog/deutsche-santander-fail-stress-tests-risk-of-bail-ins/

​- Largest banks in Germany and Spain fail Federal Reserve’s ‘stress tests’
– Stress tests designed to assess whether lenders can withstand another financial crisis
– U.S. subsidiaries fail Fed stress tests on ‘‘widespread and critical deficiencies’’ in identifying risks
– Deutsche and Santander bank fail on “qualitative” grounds
– 28 out of 31 banks passed the stress test, with BoA required to resubmit plans
– Both Deutsche and Santander passed questionable ECB stress tests in October
– Developing bail-in regime poses risks to depositors

The Federal Reserve has issued a stinging rebuke to two of Europe’s largest banks – Deutsche Bank and Santander.

U.S. operations of Deutsche, Germany’s largest bank, and Santander, the biggest bank in Spain and a large player in the UK market, were found to have serious deficiencies in capital planning and risk management, according to a senior Federal Reserve official.

Austrian Bank Hypo Alpe Adria Implements Bail In after the bank ends up with €7.6B in bad money on their Balance sheet

01.03.15 “Spectacular Developments” In Austria: Bail-In Arrives After €7.6 Billion Bad Bank Capital Hole “Discovered”

​​http://www.zerohedge.com/news/2015-03-01/spectacular-developments-austria-bail-arrives-after-%E2%82%AC76-billion-bad-bank-capital-hol

​Slowly, all the lies of the “recovery”, all the skeletons in the closet, and all the bodies swept under the rug are emerging.
Moments ago, Austrian ORF reported that there have been “spectacular developments” in the case of the Hypo Alpe Adria bad bank, also known as the Heta Asset Resolution, where an outside audit of Heta’s balance sheet exposed a capital hole of up to 7.6 billion euros ($8.51 billion) which the government was not prepared to fill, the Austrian Financial Market Authority said…

New G20 Regulation And Implementation Of Bank Deposit Rules

13.11.14 WARNING BANK DEPOSITS WILL SOON NO LONGER BE CONSIDERED MONEY BUT PAPER INVESTMENTS

http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.html

On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution. In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs…

 

Bail-Ins Coming – EU Gives Countries Two Months To Adopt Rules

15.06.03 EU COUNTRIES MIGHT SOON IMPLEMENT BAILINS IN THEIR BANKS

​​http://www.goldcore.com/us/gold-blog/bail-ins-coming-eu-gives-countries-two-months-to-adopt-rules/

Ukraine turmoil raises bailin fear for ukrainian citizens

15.03.14 Crimea Bank Runs Begin As “Bail-In” Risks Arise

http://www.zerohedge.com/news/2014-03-13/crimea-bank-runs-begin-bail-risks-arise

While the sight of Russian flags, pro-Russian troops, and Russian navy ships in Crimea is now a day-to-day thing; this morning brings a new normal for the eastern Ukraine region – long lines at bank ATMs as the bank runs have begun. We noted last night the dreaded inversion of Ukraine’s yield curve, the greater-than-50% yields on 3-month Ukraine government debt, and the pressures on local bank debt maturities as the ability to garner dollars cost-effectively was becoming a problem but on the heels of concerns by the head of the central bank that moving cash in Crimea was difficult, ATM withdrawal limits have been cut. People in long ATM lines are reported to be concerned because “banks are closing” but it is Deutsche Bank’s comments this morning that raised many an eyebrow as they suggest that Ukraine’s debt is pricing in a “burden-sharing” haircut for bondholders (which as we have seen in the past – in Cyprus – can quickly ripple up the capital structure and become a depositor haircut).

Eurozone BailIns and proposed German “Wealth Tax”

28.01.14 German Central Bank Proposes “Wealth Tax” on Depositors

Germany’s Central Bank Proposes “Wealth Tax” On DepositorsRead more at http://www.maxkeiser.com/2014/01/germanys-central-bank-proposes-wealth-tax-on-depositors/#7fJ0bw3jSz6GISeS.99
Germany’s Central Bank Proposes “Wealth Tax” On DepositorsRead more at http://www.maxkeiser.com/2014/01/germanys-central-bank-proposes-wealth-tax-on-depositors/#7fJ0bw3jSz6GISeS.99
Germany’s Central Bank Proposes “Wealth Tax” On DepositorsRead more at http://www.maxkeiser.com/2014/01/germanys-central-bank-proposes-wealth-tax-on-depositors/#7fJ0bw3jSz6GISeS.99
Governments vulnerable to insolvency such as France, Spain, Italy, Portugal, Greece and Ireland should impose a “wealth tax” on their 
citizens, Germany’s Bundesbank proposed yesterday. The German central bank raised the idea of an emergency “capital levy” in its monthly report.

The Eurozone bailin is getting closer

Mish’s Global Economic Trend Analysis: French Banks Face €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; Mish French Fine Update:

“Our results suggest that with common equity issuance and haircuts on subordinated creditors, it should be possible to deal with many banks’ capital needs,” the authors wrote. “Some will, however, require public backstops, especially if bail-ins are difficult to implement without imposing losses on bondholders, who may themselves be other banks and systemically important financial institutions.” Particularly the banking sectors in Belgium, Cyprus and Greece “seem likely to require backstops,” they said. Read more at http://globaleconomicanalysis.blogspot.com/2014/01/french-banks-face-285-bn-capital.html#jhoFt5eC6k2Vq6R9.99
“Our results suggest that with common equity issuance and haircuts on subordinated creditors, it should be possible to deal with many banks’ capital needs,” the authors wrote. “Some will, however, require public backstops, especially if bail-ins are difficult to implement without imposing losses on bondholders, who may themselves be other banks and systemically important financial institutions.” Particularly the banking sectors in Belgium, Cyprus and Greece “seem likely to require backstops,” they said. Read more at http://globaleconomicanalysis.blogspot.com/2014/01/french-banks-face-285-bn-capital.html#jhoFt5eC6k2Vq6R9.99
“Our results suggest that with common equity issuance and haircuts on subordinated creditors, it should be possible to deal with many banks’ capital needs,” the authors wrote. “Some will, however, require public backstops, especially if bail-ins are difficult to implement without imposing losses on bondholders, who may themselves be other banks and systemically important financial institutions.” Particularly the banking sectors in Belgium, Cyprus and Greece “seem likely to require backstops,” they said. Read more at http://globaleconomicanalysis.blogspot.com/2014/01/french-banks-face-285-bn-capital.html#jhoFt5eC6k2Vq6R9.99

“Our results suggest that with common equity issuance and haircuts on subordinated creditors, it should be possible to deal with many banks’ capital needs,” the authors wrote. “Some will, however, require public backstops, especially if bail-ins are difficult to implement without imposing losses on bondholders, who may themselves be other banks and systemically important financial institutions.” Particularly the banking sectors in Belgium, Cyprus and Greece “seem likely to require backstops,” they said.

IMF BailIn Strategy coming in 2014–>

IMF have seen that Bailouts are not working and want to encourage countries to let their banks directly steal from your bank accounts:

http://www.nytimes.com/2013/11/27/business/international/imf-plan-for-next-crisis-would-split-the-bill.html?_r=0

Cyprus

The 47.5% stolen from bank accounts:

http://cyprus-mail.com/2013/07/28/lenders-set-bank-of-cyprus-bail-in-at-475/

Russia

The privatization of pension funds by the Russian Governments:

http://en.ria.ru/business/20131002/183909101.html

Poland

The stolen Polish pension funds is used by the Polish governments to get into more debt and are unconstitutional:

http://uk.reuters.com/article/2013/10/29/uk-poland-pensions-idUKBRE99S0HU20131029

Canada

The planned Canadian bank Bail Ins of the Big 5! Here is an exert from the Canadian 2013 Action Plan Budget.

The Government proposes to implement a bailin regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital.  This will reduce risks for taxpayers.  The Government will consult stakeholders on how best to implement a bailin regime in Canada.  Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants.  Systemically important banks will continue to be subject to existing risk management requirements, including enhanced supervision and recovery and resolution plans.  This risk management framework will limit the unfair advantage that could be gained by Canada’s systemically important banks through the mistaken belief by investors and other market participants that these institutions are “too big to fail”

Check it out here:

http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf

Bailins Are Coming Around The World. Will You Be Next?

04.12.13 Global overview over the coming bail ins and who’s deposits are in danger!

bailin2

 

EU bailin regime proposed by 2016

14.12.13 EU is passing laws to let banks take currency from depositors when they fail to cover reserves or go bankrupt.

European banks; From bail-out to bail-in : http://www.economist.com/blogs/freeexchange/2013/12/european-banks

Basel Regulators Ease Leverage-Ratio Rule for Banks

14.01.14 Global regulators diluted a planned debt limit for banks amid warnings that the rule would penalize low-risk financial activities and curtail lending. The measure, known as a leverage ratio, was adjusted after “thoroughly analyzing bank data,” the Basel Committee on Banking Supervision said in a statement following a meeting of regulators in the Swiss city yesterday. The group also modified a liquidity rule to make it easier to count a certain type of central bank loan against regulatory standards.

As Bankers are over leveraged to extend their over leveraging they caught some slack from BIS regulators as they let banks use certain Central Bank Loans taken to be used as an asset on their balance sheets. When did a liability become an asset?

http://www.bloomberg.com/news/2014-01-12/banks-get-scaled-back-rule-on-debt-limit-from-basel-regulators.html

Banks will fail stress tests in europe and they might face bailins

15.02.14 Banks that fail this year’s European health checks badly should be closed down, the head of the euro zone finance ministers group said on Thursday.Before the European Central Bank takes over banking supervision in November as part of a broader push towards closer integration of the financial system, it will conduct a comprehensive assessment of the euro zone’s 128 largest banks.

http://www.reuters.com/article/2014/02/13/us-eurozone-banks-dijsselbloem-idUSBREA1C15P20140213

Bail Ins a look at what might be coming to a too big to fail bank near you

01.05.14 WRC News Interviews Milton Hunter on Gold & Silver

https://www.youtube.com/watch?v=cS6tzIQMtgc&list=UUhwwoeOZ3EJPobW83dgQfAg

BailIns are on it’s way to a bank near you and you need to protect yourself accordingly. Here is an experts comment on what you need to do to protect yourself from failing banks stealing your money through a bail in.

In this video WRC News takes a look at the consequences of the endless quantitative easing/devaluation of the dollar and the affect it has had on the global marketplace. Milton Hunter explains the state of the U.S. economy and the relative strength of the dollar, gold, silver, and other precious metals.