2021 MAY 31 Bank of Ireland Bail-In Kick off 06 AUG; going to Seize your money to Bail-Out Banks

First published at 09:16 UTC on June 3rd, 2021.

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OUR RESEARCH TODAY FOUND THESE INDICATORS:

EDITORIAL: 2021 MAY 08 Bank of Ireland paves way for negative rates on accounts with over €1m: Bank to contact personal customers affected but vast majority unaffected by policy change. By IRISH TIMES Joe Brennan URL: Sat, May 8, 2021, 07:01 https://www.irishtimes.com/business/bank-of-ireland-paves-way-for-negative-rates-on-accounts-with-over-1m-1.4558667

(Bank of Ireland will be writing to customers next week to inform them it is changing the terms and conditions on its deposit accounts, paving the way for it to start charging negative rates on high-net-worth individuals’ accounts holding more than €1 million.)

GLOBAL IMPACTS:

EDITORIAL: 2021 MAY 25 Bail-in for Lebanese bank depositors 'highly likely' - S&P Global MAY 25, 2021 6:13AM EDT https://www.nasdaq.com/articles/bail-in-for-lebanese-bank-depositors-highly-likely-sp-global-2021-05-25

LONDON, May 25 (Reuters) - Lebanese bank depositors are likely to face a financial hit in order for the country's banks to absorb the cost of the country's debt restructuring, S&P Global said in a new report.

"With banks struggling to raise capital, we believe bailing in depositors, in some form, is likely if the banking sector is to absorb the high costs of restructuring," said S&P credit analyst Mohamed Damak.

EDITORIAL: 2020 MAR 18 Australia in Crisis – Bank Bail In And Cash Ban. How To Protect Yourself. https://ngscrypto.com/news/australia-in-crisis-bank-bain-in-and-cash-ban/

The Bank Bail In was enacted during the Brisbane G20 Summit to give the Australian Government the right to freeze bank accounts in the event of a crisis.
The result of the Bank Bail In is that the Australian Government and banking institutions now, legally, have the right to, “in the event of crisis”, freeze OR confiscate funds sitting in personal, business and even Self-Managed Super Fund accounts. This is not only a problem for Australian depositors, but has been introduced in Greece, India and Cypress as well.

The Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017 or the Australian Bail-In Law gives the Australian Prudential Regulation Authority (APRA) “crisis powers” allowing it to, among other things:

1. Secretly step in and run distressed banks;
2. Bail-in distressed institutions using the funds of creditors of the bank rather than using taxpayers’ money filtered through the government;
3. Confiscate and write off certain types of bonds and hybrid securities;
4. Confiscate cash savings of self-managed super funds (SMSFs).

This puts depositors in a compromised position should banks in Australia come to be in “crisis”.

Moreover, despite the existence of the government’s Guarantee Scheme and the depositor’s $250,000 guarantee under the Financial Claims Scheme, these are currently inactive and can only be activated by the Government at their own discretion.

EDITORIAL: How a Private Vault Secures Your Assets from the Bank Bail-In Law https://privatevaults.com.au/how-a-private-vault-secures-your-assets-from-the-bank-bail-in-law/

DEFINITIONS:

SWEAT EQUITY = (The term sweat equity refers to a person or company's contribution toward a business venture or other project) LIFE ENERGY spent for your hard-earned wealth.

QUANTUM LANGUAGE:- :Confidential-Zone:

PRACTICING BAIL-INS

EDITORIAL: 2017 OCT 02 AIB presses ahead with bail-in rules overhaul https://www.irishtimes.com/business/financial-services/aib-presses-ahead-with-bail-in-rules-overhaul-1.3241657

EDITORIAL: 2016 AUG 15 Deposit Bail-in and Property Crash Warnings In Ireland (Published 15, August 2016 updated 21, July 2017) https://news.goldcore.com/ie/gold-blog/deposit-bailin-and-property-crash-warnings-in-ireland/

Mark Kishon Christopher

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