Tks for that info it ties right into what Ive been saying for a while now. GLAC what a goddamn name huh, that is amazing. I was expecting something like Special Financial Aggregation Bonds or something similar but GLAC is worse than anything I can come up with.
Its typical of Banker speak to use obvious terms with a complete 180% spin. They try and say that Bail In Laws will stop taxpayers from losing their money if banks go illiquid. Who the hell do they thing the people with bank accounts are if they are not taxpayers??
All creditors and that includes anyone with money in a bank account will be vulnerable to having their money stolen in the event that a bank gets into trouble. As well the banks will still be able to call on Government revenue as well.
The problem for the banks is the very first time they attempt to steal people's money their may well be a run on the other banks. The government will get around this buy introducing a freeze on all accounts just like they did in Cyprus.
Tony Abbott and Hockey are members of the NWO and have made Australia subservient to the U.S.
