It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Novaisking
Technically we have deposit insurance on anything under $100 000. Any effect would like Cyprus be felt from the $100 000+ depositors.
Still though it is crazy to think this is being written into law! This is crazy. Once MSM & the opposition parties get a grasp on this it could lead to Canadian bank runs, further increasing the banks liquidity problems.
I am absolutely perplexed right now. This is further proof we need immediate economic & monetary reform, revoking the right for commercial banks to create purchasing power returning it strictly to our Central Bank. Public credit should be controlled by public institutions, & not serve as a method of creating purchasing power for private banks to gamble on derivatives etc.
Originally posted by OptimusSubprime
reply to post by OptimusSubprime
Hey Canadians... may I recommend that if you have any savings in the bank, that you remove it and buy some Canadian silver Maple Leafs (or gold Maple Leafs if you can afford it) Then you won't have to worry about this.
Originally posted by freedomSlave
Anyone who tries to steal my money is gonna get hurt reeeeeeally bad
Originally posted by ~widowmaker~
reply to post by daryllyn
"So, theft of a nation's citizen's funds is now just supposed to be a common practice? All over?"
a government can only steal if you let them, people in cypress laid down and took it,, if it happens here walk down to local gas station with what ever change you have fill red container empty and toss on bank holding your funds and set on fire.... before the other banks even think about going along with it , it will be over and youll feel great ^^
Originally posted by gtbobcat
Great thread ...
Ya .. and in the news lately is how the National Bank has joined the " too big to fail" group of Can. banks .. meaning they have to keep 8% of deposits at the ready .. first thing I thought .. there`s trouble a brewing ..
Anyways I get my silver from first majestic b/c it comes in 1/2 ounce rounds.