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September 30, 2013

Gov’t of Canada Implements Cypress-style bank account theft in Economic Action Plan 2013

Canada-Implements-Cyprus-Style-Bank-Account-Theft

bankOne year ago the island state of Cypress stole money from its citizens and gave it to major bank, one of which folded anyway. Calling the theft “a necessary measure” to keep the state economically viable, politicians rewarded the very institutions responsible for the economic crisis gripping the tiny nation.

The banks will do anything to avoid the consequences of their own selfish acts and if that means stealing the bank accounts of mere citizens, well, that is precisely what they will do.

Since the political backlash from such a massive theft was so minimal, bankers in other nations are taking their cue from Cypress and lobbying politicians to steal from the bank accounts of “large deposit holders” on the premise that if you’ve been successful and earned a lot of money you must be punished for that success.

Cypress politicians stole over 10.6 billion Euros (yes, that’s with a “B”) from its citizens and handed it over to the banks. That level of government theft is astounding and unprecedented.

And it’s now being repeated elsewhere in the world.

Italy, Poland and New Zealand have all begun the process of stealing from productive citizens and handing that money over to their major banks.

Think we’re immune to such a thing here in Canada? You’d best think again.

Canada’s “Economic Action Plan 2013” specifically contains a provision for the Government of Canada to steal money from your bank account and give it to this nation’s major banks.

“This new budget actually proposes to implement a ‘bail-in’ regime for systemically important banks’ in Canada,” financial expert Michael Snyder wrote on The Economic Collapse Blog in his article “Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe.”

Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy.

Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe. It is only a matter of time before we see this exact same type of thing happen in the United States as well. From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.

Mr. Snyder provides examples from numerous nations around the world and then explains the situation for we “mere citizens” of Canada.

Incredibly, even Canada is moving toward adopting these “bank bail-ins”. In a previous article, I explained that “bail-ins” were even part of the new Canadian government budget…

Cyprus-style “bail-ins” are actually proposed in the new Canadian government budget. When I first heard about this I was quite skeptical, so I went and looked it up for myself. And guess what? It is right there in black and white on pages 144 and 145 of “Economic Action Plan 2013” which the Harper government has already submitted to the House of Commons. This new budget actually proposes “to implement a ‘bail-in’ regime for systemically important banks” in Canada. “Economic Action Plan 2013” was submitted on March 21st, which means that this “bail-in regime” was likely being planned long before the crisis in Cyprus ever erupted.

So what does all of this mean for us?

It means that the governments of the world are eyeing our money as part of the solution to any future failures of major banks.

As a result, there is no longer any truly “safe” place to put your money.

One of the best ways to protect yourself is to spread your money around. In other words, don’t put all of your eggs in one basket. If you have your money a bunch of different places, it is going to be much harder for the government to grab it all.

But if you don’t listen to the warnings and you continue to keep all of your wealth in one giant pile somewhere, don’t be surprised when you get wiped out in a single moment someday.

I’m no fan of the Liberal Party of Canada, but you can rest assured they will NOT repeal this should Shiny Pony and his party win the next federal election.

When so-called “conservatives” decide stealing from its citizens is acceptable, there are no conservatives principles left in the corridors of power. The Conservative Party of Canada has, with the introduction of “Economic Action Plan 2013” proven they are conservative-in-name-only.

This does not bode well for Canada.

If you find the idea of stealing money from the personal bank accounts of Canadians to finance the failures of big bank abhorrent then I urge you to write and call Prime Minister Stephen Harper, Finance Minister Jim Flaherty and your own local Member of Parliament and make it clear their newfound path is… unacceptable.

Prime Minister Stephen Harper
House of Commons
Ottawa, Ontario K1A 0A6
Telephone: 613-992-4211
Fax: 613-941-6900
EMail: stephen.harper@parl.gc.ca

Minister of Finance James Flaherty
House of Commons
Ottawa, Ontario K1A 0A6
Telephone: 613-992-6344
Fax: 613-992-8320
EMail: jim.flaherty@parl.gc.ca

To find your own Member of Parliament’s contact information please visit:

http://www.parl.gc.ca/MembersOfParliament/MainMPsCompleteList.aspx?TimePeriod=Current&Language=E

If you do not explain to our elected “representatives” in very clear terms that their “Economic Action Plan 2013” is repulsive and unacceptable they will happily steal from you and justify that theft by saying

“It’s for your own good.”

Let me assure you, the following excerpt from Canada’s Economic Action Plan 2013 is NOT for your own good, but the banks Stephen Harper and Jim Flaherty support.

Establishing a Risk Management Framework for Domestic Systemically Important Banks

Economic Action Plan 2013 will implement a comprehensive risk management framework for Canada’s systemically important banks.

Canada’s large banks are a source of strength for the Canadian economy. Our large banks have become increasingly successful in international
markets, creating jobs at home.

The Government also recognizes the need to manage the risks associated with systemically important banks—those banks whose distress or failure could cause a disruption to the financial system and, in turn, negative impacts on the economy. This requires strong prudential oversight and a robust set of options for resolving these institutions without the use of taxpayer funds, in the unlikely event that one becomes non-viable.

The Government intends to implement a comprehensive risk management framework for Canada’s systemically important banks. This framework will be consistent with reforms in other countries and key international standards, such as the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions, and will work alongside the existing Canadian regulatory capital regime. The risk management framework will include the following elements:

  • Systemically important banks will face a higher capital requirement, as determined by the Superintendent of Financial Institutions.
  • The Government proposes to implement a ?bail-in? 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 bail-in 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.

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December 5, 2012

When Compliance with the Nanny State is More Important than Education

Just-say-NO-to-the-Nanny-State-RFID

Just-say-NO-to-the-Nanny-State-RFID

Andrea Hernandez just wants to get an education. She is, by all accounts I can find, a good student. She’s also a human being who understands we must never allow ourselves to be tracked like pieces of meat in a grocery store.

Andrea-Hernandez-protests-RFID-tracking-chips-250x198Andrea Hernandez decided that when her high school issued mandatory RFID-enabled high school ID cards, she would not be a sheep. Andrea Hernandez objects to the tracking chip for many reasons, including her personal right to privacy and also for religious reasons. For that Andrea is to be commended.

Andrea, backed by her parents, wrote a letter to the school expressing her Christian religious objections and was promptly told by school officials that “there will be consequences for refusal to wear an ID card.”

As a result of Andrea’s determination to be a free American citizen, her high school threatened to kick her out. For that, the bureaucratic thugs at John Jay High School ought to be ashamed of themselves.

In today’s Brave New America we are absolutely intolerant of individuality.

John Jay High School is one of many schools who want to track students’ every move inside school facilities. Why is beyond me, since kids have managed to get educated for centuries in America without being tracked like… well, like pieces of meat.

It makes sense to track pieces of meat through our food supply chains. Should something go horribly awry at the meat processing plant we can track down each and every bit of contaminated cow and destroy it.

That actually makes sense.

But tracking the movements of kids throughout the school, every minute of every day? Is this really necessary?

NO, it is not.

Unconditional obedience to the State is not an American value. In fact it’s the exact opposite of an American value, and that’s precisely why the incessant tracking of our children must be fought everywhere it rears its ugly Nanny State head.

Once found, that head should be cut off and mounted on a stick for all the world to see, perhaps with a sign underneath that says “Liberty Lives Here”…

It’s just a thought.

In reality, this isn’t actually about tracking the kids at all. Not really. It’s about money. Government money. And being good little bureaucratic minions, the San Antonio School District wants more government money. The path to that mythical pot of gold runs directly through student attendance records. The more kids they can prove are attending class, the more money they can beg from the government, hence the intense push to track the movements of every single student in John Jay High School.

The Rutherford Institute took on Andrea Hernandez’ case and filed a temporary restraining order against the high school. A Bexar County judge agreed, and for the moment Andrea is “allowed” to attend classes without the mandated RFID chip tracking her movements.

“The court’s willingness to grant a temporary restraining order is a good first step, but there is still a long way to go—not just in this case, but dealing with the mindset, in general, that everyone needs to be monitored and controlled,” said John W. Whitehead, president of The Rutherford Institute.

“Regimes in the past have always started with the schools, where they develop a compliant citizenry. These ‘Student Locator’ programs are ultimately aimed at getting students used to living in a total surveillance state where there will be no privacy, and wherever you go and whatever you text or email will be watched by the government.”

John Whitehead isn’t wrong.

This restraining order is only a temporary measure, however, and there is a long legal road ahead of Andrea and the Rutherford Institute.

If you feel strongly about the issue of personal privacy and wish to support Andrea Hernandez’ case, please contact Nisha Whitehead at the Rutherford Institute directly.

There is one final tidbit of hypocrisy to report, of course.

School officials quietly tried bribing Andrea Hernandez with an uninterrupted education if she would just wear a badge that did not contain the tracking chip so everyone would see her “compliance” with the Student Locator Project, as it’s so lovingly called.

My question is the obvious one, of course.

If it’s okay for Andrea not to wear the tracking chip ID card, why should everyone else wear one?

Oh silly me. What was I thinking??? Think of all the money they’ll lose of every student refuses to comply, just like Andrea!

How will we train kids to be good little automatons if we allow them to think for themselves, protect their personal privacy and have their own thoughts on religion?

How very anti-Nanny State of me.

I’m sure the censors will be coming for me shortly…

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September 19, 2012

Since Pauline Marois is so ashamed to be Canadian maybe we ought to cut off the money tap

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I find it thoroughly repulsive that the so-called Premier-elect of Quebec, Pauline Marois, removed the Canadian flag from the Quebec Legislature when she was sworn in.

As the premier of a Canadian province she ought to have a little more class than that, one would hope.  But as a separatist at heart it seems she just couldn’t wait to slap Canadians across our collective faces.

Well, since the Canadian flag isn’t good enough for Pauline Marois and Quebec, surely our money isn’t good enough for her either.

Cut off the money tap to Quebec effective immediately.

Take the $8 BILLION per year that Quebec sucks out of us in transfer payments and pour it back into the rest of Canada… you know… the parts that aren’t ashamed to fly the Canadian flag.

The Canadian Flag – the flag of the ENTIRE nation of Canada, despite what Pauline Marois and her merry band of morons believe.

Any bets on how long it takes her to come grovelling back to the feed trough once that money tap is turned off?

I bet she doesn’t last a week.

That said, if the good citizens of Quebec have any common sense and decency they will resoundingly denounce Marois’ reprehensible act.

They only have 4 more years to suffer through her ineptness and incompetence, and Canada has to suffer through 4 years of her constant threats to secede unless we pander to her ever whim and demand.

God help us all.

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February 8, 2012

MP Pensions: Justified for Service Rendered, or just more pigs feeding at the Taxpayer-Funded Trough?

mp-pension-reform

I know I’m not alone in thinking that our Members of Parliament have taken advantage of the system. Decade in and decade out they seem to do little but vote themselves ever larger pay increases, fatter pensions. Oh, and more government intrusion into our daily lives as well.

Overblown MP pensions have infuriated a lot of Canadians and even Prime Minister Harper seems to be getting the message. In a recent interview with Peter Mansbridge he said that MP Pensions had to be up for debate too, if Old Age Security and the Canada Pension Plan were going to be up for review.

It’s the first time I can recall that a sitting Prime Minister has said he would look at MP pensions. Talk is cheap though, so it remains to be seen if the Conservative Prime Minister of Canada will actually act like a true conservative and do anything to curb out-of-control MP wages, benefits and pensions.

You see, it’s not just the issue of MP Pensions that needs to be addressed here; it’s the entire pay scale for our Members of Parliament.

At a time when the average Canadian only earns $40,000 per year, it’s hard to fathom why first-term Members of Parliament are paid a whopping FOUR TIMES THAT ($159,000) just for getting elected.

It’s like hitting the lottery for folks like single mother Ruth Ellen Brosseau, who sailed into Parliament riding the wave of Jack Layton’s Orange Crush during the last federal election. She didn’t campaign at all, was in Las Vegas during the actual election, still won her riding in a landslide and the lucrative MP Lottery along with it.

It’s not that I begrudge a single mother doing better for herself and her child. Far from it! If anyone deserves a break, it’s certainly a single mom like Ruth Ellen Brosseau, but getting paid four times the average Canadian’s annual salary for a first-term Member of Parliament is ludicrous.

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June 13, 2011

Colorado Legislators to Voters: It’s not a tax, it’s a fee!”

Governments across North America are finding that their meal tickets are less and less willing to pay for bloated and wasteful governments.

Here in Canada, the Jack Layton and his New Democratic Party can’t comprehend why we mere peasants are tired of footing the tab for every expensive and stupid idea politicians come up with.

He defends his trough feeding while the Canadian public is sickened by the $1.1 million tab we taxpayers are forced to pony up every year just to pay for his and his wife’s expense accounts!

According to Jack Layton, it’s his Divine Right to feed at the trough we’re all forced to pay for.  He couldn’t be more wrong.

South of the border they’ve got their own trough-feeding swine to cope with.  Colorado, for example, passed a law in 1992 (the Taxpayer Bill Of Rights or TABOR amendment to the Colorado State Constitution) that says any tax increase MUST be approved by the voters.

Naturally, Colorado lawmakers bridle at the thought that mere voters would dare rein them in like this.

The solution for politicians is always more spending, isn’t it?  It’s never balancing the books, like your family and mine must do or be forced into bankruptcy.  No, the solution is always to spend more money.  Money that doesn’t belong to them.

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May 21, 2011

The end of per-vote subsidies is in sight… at last!

One of Jean Chretien’s legacies is about to go the way of the dinosaur, and not a moment too soon, as far as I’m concerned.  The only question that remains is whether the end of this ridiculous trough-feeding exercise will be instant or gradual.

I’ve said it before and I will say it again today.  If a political party’s ideas, platforms, policies and beliefs are valid, they will resonate with potential voters.  That will in turn be reflected in the amount of donations that political party can raise from its supporters.

We want political parties to raise funds directly from their supporters and not the taxpayers. So as soon as we can get that passed, that process will begin,Democratic Minister Tim Uppal told Postmedia news.

 

Amen.

If, for example, your political party believes that everyone is entitled to the earnings of another, then naturally you will have all the folks who don’t want to work or help build our economy voting for you… it’s in their own self-interest, after all, to want to help themselves to someone else’s bank account.

However, those people don’t have any money to give your political party, do they?

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