Australia/New Zealand... Pre-planned Banking Crash - Comming Soon?

Ok this is my first thread so please bare with me. I came across this title in issue 24 in uncensored magazine. Ive tried to find the article online to post as a link but as it is this months issue i cant seem to find it. never the less I have had it on my mind and I think its time i gave you all the heads up. Basically the city of london corporation banks are "planning to put our banks into statutary management and "haircut" (confiscate) all or most of depositor's savings soon in Australia and New Zealand in a financial crisis". The article states it is part of a global crisis but concerntrates on Aus and NZ.

The second paragraph goes on to say "this afternoon I found a 14 page consultation document on the web for distribution to the big retail banks registered with the reserve bank published this month by the reserve bank of New Zealand outlining their secret plans! Its called, Consultation Document: Pre-Positioning for open bank resolution and can be viewed or downloaded from here:rbnz.govt.nz...

So basically one day you will have you savings in the bank then overnight there will be a PRE-PLANNED giant banking crash and the next time you go to the bank you will be in for a rude shock!!

The article goes on to a timeline of deadlines for response and says that it is to be implimented no later than late 2012. Anyway i could go on and re-write the whole article but i know you ATSers like the proof so il just go ahead and post all the links so you can check it out for yourselves.

Apparantly they already tested it out on the danish banks (trial run?)www.politics.ie... html

I have just treid to load the Australian link but was 404ed. this is the link anyway incase someone else has some luck www.melbournecentre.com.au/.../ANZSFRC_Statement_1.pdf "managing bank failure in australia and new zealand".

Proof of this being worldwide including US federal reserve, central bank of china, japan and so on. "The role of margin requirements and haircut in procyclicality" (march 2010) www.bis.org...

So there you go folks, i hope you take the time to take a read and find out how to keep your finances safe. We are all in tough times but having all your savings stolen will just make it oh so much tougher. im not claiming to know the future or guarantee that this will even happen but i do know that it is much better to be safe then sorry.
constructive critisism of my first thread will also bve apprieciated

Much love
Antinwochick

edit: oh no! after all of that typing im in the totally wrong place
mods could you please move to appropriate forum. thankyou x

reply to post by antinwochick


The banks are bound to fail.. We live with an inherently flawed financial system that is not capable of dealing with modern times. I say they just intact NESARA and get it over with. Money sucks anyway.. anyone want to borrow a 10? Sorry it deflated before I could take it out of my pocket.. tough luck.

reply to post by MarineRecon77


totally agree with ya mate but the fact is that most people do use banks and if i had any money stashed in the bank it would be heartwrenching to see it disappear overnite. i mainly think of those like my mum who have worked hard and have a few pennies put away... time to pull it out of the bank and bury it in the back yard

I'd say you'd have to be totally mad and/or ignorant to have your life savings in a bank in this day and age, and have to agree the financial system is an absolute joke, the zionists bankers will pull the plug soon I'd imagine, depends when their mosiach is on the horizon.

Even more on topic, I live in Australia and it looks like America have more to worry about than us atm, but the way the system/s is/are set up no one is a winner except the zionist bankers and friends.

reply to post by Haxsaw


yea im in australia too for now... but that also is part of why i worry i guess. australia seems to be doing great (even with gillard running the show) but i cant help thinking that what goes on in the states links to most western countries and if they fall... how much damage will that do worldwide? what goes up must come down? who knows. i think preparation is the key right now and yes you would be mad to have life savings in the bank... but there sure is loads of mad people out there thanx for the reply

I am here too in Australia,and I believe you to be one hundred per cent correct.This Global finacial crissis was a set up from the start.I will explain how I came to this conclusion long before the collapse.But first lets establish that this crash came on the back of real estate.
This is what I observed several years back,my personal experience.The Howard Goverment introduced the first home buyers grant.First at $21,000 reduced down currently to $7,000.The SAID idea behind this was to get the struggling building industry of their knee's and to give young Australians the chance to live the Australian dream and to gain some future security.On face value this sounded great.
Now here is my experiance, when this first started all that was required was a 5% deposit.
I was to build a brand new house on 3 acres with all the trimmings for just $220,000.At this time I had a $31,000 deposit,$10,000 gift from family and $10,000 rebate from the developer.This equals to a lot more than 5% no???
Both my partner and I held long time management positions,were D.I.N.K'S double income no kids and had perfect credit ratings.Needless to say we were rejected by our own bank,and here is the kicker it was the developers own bank as well.
What really frustrated me and woke me up was the fact that close to a dozen teenagers that worked under me at my work place were given housing loans hand over fist!
This started alarm bell's ringing for me! The only logical conclusion was that the banks did not want people that could service their loans.That was obvious,researching I soon discovered that not only did Australia have these housing grants/programs but so too did NZ,UK and the US .All these countries got these programs similtainiously.Their is no such thing as coincidence.Researching finacial data, I smelt a rat.

I reached this conclusion back in 2003,everyone I knew was jumping into this and I tried to warn them to no avail.Look where we are now! This house of cards was planned to come crashing and it is deliberate.

Look at this logic,the equity growth in a house is a false premise for a start, with false logic and mind speak applied by silver tongued charlatans.
How can you buy a house for 300,000 and sell it for 720,000 three years later ???? Yes it has been done,and for a lucky few they got in and out with a profit.But this was only achieved by a social mind speak with consensis reality.
Logic says that the house should devalue with age and time,not go up! I mean windows start to stick,carpets wear, paint flakes and house slabs move,sink and crack.Look you can buy a brand new car for 40,000 and as soon as the back tyres hit the road from the dealers lot you have lost 5,000 in value before you can blink!
Logic says this is what must happen with a second hand house as well.Yeah I know location, location! I've heard it all before! How's that location working for those smart asses now! They have all bought house's at high falsely inflated prices,and can't get half back of what they owe.I hope that location has a great view because they will be there for along time or until the bank want's their house back.Wich ever comes first.

Even today you can buy a brand new house for about 40% less than a old establised one.So why would you want an old one with inherant problems? 40% equals hundreds of thousands of dollars saved in interest.
You've all been conned! I guess the bank rejection was a great thing,and I was lucky.
Yes this house of cards is comming down OP.The seperation of church and state ,yeah right! You never hear an expression of seperation of Government and Banks.This is a collusion and it's comming down.
Get your money out (not that it will be worth anything) and get prepared.

Originally posted by antinwochick
reply to post by MarineRecon77

 

totally agree with ya mate but the fact is that most people do use banks and if i had any money stashed in the bank it would be heartwrenching to see it disappear overnite. i mainly think of those like my mum who have worked hard and have a few pennies put away... time to pull it out of the bank and bury it in the back yard

I completely agree - but having it at home doesn't guarantee anything either. It is very common in Japanese culture to keep cash squirreled away in one's home - and in the aftermath of the tsunami many thousands lost all their cash with their homes. Just saying there is no completely risk free approach.

Why?

whats the reason they would do this on purpose?

It does not make any sense to do this.

reply to post by antinwochick


Did you see this?

forum.prisonplanet.com...

Someone has borrowed your work! Or was it the other way around?

reply to post by antinwochick


I am not going to profess to be an expert on the subject at all, but your first link looked to me like a contingency plan in the event of failure, which is a good idea.
They should know what they'll do in crisis times. Now more than ever
Having said that however, our banks make far too much money form the average Australian imo.
From personal experience though and being involved for years with the building industry,the home owners grants do have the potential to keep a lot of people in work and therefore spending money, which is what it all boils down to. From the builders to the suppliers to the trades and all other associated business involved.
One of the problems is that there is not enough price regulation on the construction industry about how much a builder can put in his own pocket for building your dream home, which you only just managed to snavvel based on the first home owners grant.
Some builders are pocketing $40, 000 - $80, 000 min. (on a typical domestic construction) some get more than that on the new developments (mansions) on the Gold Coast, for their effort, (I'm an estimator on construction costs, by the way)
The original grant saw quite a lot of people (who couldn't afford the repayments in the first place) losing their dream homes.
We own a block of land on the Gold Coast, which we are now trying to sell after 5 years.
The new grant of $10k will come into effect on the 1st of August and we'll be taking advantage by giving our own $10k discount, just to get rid of it.
We own 50% of our land, but after 5 years and increased income got knocked back for finance to build, even though the repayments were less than what our current output is now including rent and repayments. It has been my opinion that there are two types of people the banks will lend to,
#1 A customer that has a large portfolio or cash base,
#2 A customer who will likely fail within 5 years.

We are clearly in between and not entitled, even with excellent credit rating and no other loans.
How glad I am they said no!
Now if we could just sell the block I will never entertain the idea of home ownership again and funnily enough am content with this.

reply to post by antinwochick


Currently, since the GFC, the Government guarantees ALL saving accounts in registered Banks..

Wait till the Government withdraws that guarantee before worrying..

BTW, IMO they created that guarantee to destroy the competition of the Big 4 Banks and it worked a treat.

Given this is true and I certinaly would't put it past the PTB to do something like this, has anyone got any ideas on what to do with our money when we take it out of the bank?

Putting it under our beds as our pal Mal said is very risky. is bying gold or silver the answer?

Theres been talk here on ATS about hyper inflation in the US which will presumably spread elsewhere inlcuding Australia, taking our money out of the bank could be quick path to a loss from this hyper inflation anyway.

Any ideas?

reply to post by TRiPWiRE


Cheers for that mate, that is the exact article i was looking for in the op as you can see i couldnt find it so i was quoting from the article. although it was not from prisonplanet it came directly from issue 24; june - september 2011 of uncensored magazine. mabey the original writer is a fan of prisonplanet too

reply to post by guessing


why would they do this? honestly i dont know but here is a quote from the article which may help you answer that.

The reason why the International Banks want to grab these deposits in a deliberately planned banking crash is that as secured creditors of the national banks, they will wipe out excess liquidity in the system which to a large extent now is worth no more than paper and ink or a digit on a computer screen (now largely held in people's life-savings) which if it were withdrawn by depositors and put into real assets like shares, farms or homes, it would be hyperinflationary and facilitate the easy repayment of the mortgages they hold over the entire country. By crashing the system, and largely using depositors funds to fund the bank's losses, it means the bank's secured creditors can take over all the assets in the country over which they have provided loans - presently just about everything! Do note that their timeframe for implementation is on page 10, with the Reserve Bank having set a clear deadline of 30 June 2011 for all banks to provide an initial response to this consultation document. Following this the banks are then expected to provide a detailed implementation plan to the Reserve Bank by 30 September 2011, and after this the Reserve Bank expects all banks to be fully prepositioned (for the giant global banking crisis) no later than by late 2012!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

again, i dont know either way but i wouldnt put it past them. all i can do is share what i have learnt in hopes that people who are at risk do their research and dont loose out

reply to post by backinblack


I did forget about the guarantee from the government to be honest, although personally i have been looking more into what would happen in new zealand as that is where il be when this supposed crash will happen but i will put this to you my friend... if millions or billions even, get stolen overnite by the bankers do you really think that guarantee will still stand? i think not. besides we all know what gillards promises and guarantees are worth

Nice find I will be taking my money out very soon this crisis is just getting started!

www.melbournecentre.com.au...

Second paragraph.......

"The proposed changes are still being formulated and a number of details remain
unresolved. Nevertheless, the broad outlines are clear. In Australia, deposit holders
would have immediate guaranteed access to their funds up to some pre-specified level
in the event of a bank failure, with no protection for amounts greater than this level.
In New Zealand, by contrast, deposit holders would receive access to some proportion
of their entire funds, although this proportion will not be known prior to failure"

So if the system goes belly up, your cash will be dribbled out as they see fit. No surprise there really.

Originally posted by antinwochick
reply to post by guessing

 

why would they do this? honestly i dont know but here is a quote from the article which may help you answer that.

The reason why the International Banks want to grab these deposits in a deliberately planned banking crash is that as secured creditors of the national banks, they will wipe out excess liquidity in the system which to a large extent now is worth no more than paper and ink or a digit on a computer screen (now largely held in people's life-savings) which if it were withdrawn by depositors and put into real assets like shares, farms or homes, it would be hyperinflationary and facilitate the easy repayment of the mortgages they hold over the entire country. By crashing the system, and largely using depositors funds to fund the bank's losses, it means the bank's secured creditors can take over all the assets in the country over which they have provided loans - presently just about everything! Do note that their timeframe for implementation is on page 10, with the Reserve Bank having set a clear deadline of 30 June 2011 for all banks to provide an initial response to this consultation document. Following this the banks are then expected to provide a detailed implementation plan to the Reserve Bank by 30 September 2011, and after this the Reserve Bank expects all banks to be fully prepositioned (for the giant global banking crisis) no later than by late 2012!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

again, i dont know either way but i wouldnt put it past them. all i can do is share what i have learnt in hopes that people who are at risk do their research and dont loose out

Equity in a bank is based on liabilties and assets.

Assets are the debts people owe to the bank
Liabilities are the deposits owned by customers.

The bank Buys money on the money market and sells it for a profit to the consumer in the form of loans. Not always but mostly these loans are backed by collateral, provided by the consumer.

In this instance I am using the family home as an example.

There can not use depositors funds to prop up the banking system. They can not take away depositors funds.

What could happen is people can not afford the repayments and default, thus creating a repo.

This is not want the banks want to do as it costs them more than the profit they will make on interest for the loans.

If there was a bank run and people took all of their cash out of the banks, the bank will not have any liabilities on its book. This will mean, they will not have the ability to transact under legislation. This in turn will force the banks to close.

have a Fractional Bankinglook at this link..

This may help in understanding why there is no sane reason to the OP

Unless I am missing something.

here is a good article about

Hyperinflation in Australia

Unless I am missing something.


What you are missing is the fact that Banks create money out of nothing. It is actually YOU the borrower who creates money for the bank. Banks cannot create money for themselves. This would be fraud. But when you sign the loan agreement, you have just given the bank the legal authority to 'create' the amount of the loan. This is simply an entry in a ledger. Banks do not use other depositors funds to loan to borrowers. They can legally loan 90% more than their holdings.

So, in essense, by granting a $300,000 loan, the bank has just increased its holdings by that amount. The Bank has already made its money. It cannot lose on the deal. The borrower sweating his arse off to pay it back bit by bit for the next 30 years is just the cream on top. Nice little business if you can get into it.