CBC Gold & Central Bank Exposés

And accompanying article: http://www.cbc.ca/news/world/story/2013/04/26/f-rfa-macdonald-power-shift-savers.html

The Secret World of Gold

These two CBC presentations serve to expose what's really going on in the gold market, as well as the dictatorial powers that central bankers have taken in the last few years.

Better late than never. Props to CBC for actually giving a damn about this. Let's hope Harper can't silence them.

Canada 2013 Budget - Your Bank Loses, They Steal Your Money

If you don't care about this you're exactly what's wrong with society:

(from page 144-145 of the 2013 Federal Budget plan, found here: http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf)

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 [cough *CYPRUS* cough] 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 [cough YOUR MONEY cough] 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."

The long and short: They will steal our money when the banks gamble it away, just like they've already done elsewhere (see: Greece, Cyprus, Ireland, Spain, Italy, Portugal, soon to be France as their banks are insolvent... as are all major banks globally - they have to be to compete). They now have a framework in which they can do it. If this isn't tyranny then quite frankly tyranny doesn't exist, because I don't know what else could be a more blatant example.

This is exactly what happened in Cyprus - and they didn't have a previous legal framework in which to do it. It was hastily thrown together by technocrats - the Troika - after the country was past the point of no return. I've been saying for a while it's coming here, and now the framework is there to allow them to do it whenever it does happen.

Let's not forget 2008 when CIBC, BMO and Scotiabank were completely underwater and required a stealth bailout (CIBC received more than 1.5 times the market value of the company in stealth bailout funds):

“At some point during the crisis, three of Canada’s banks—CIBC, BMO, and Scotiabank—were completely under water, with government support exceeding the market value of the company,” CCPA Senior Economist David Macdonald said in a press statement Monday. “Without government supports to fall back on, Canadian banks would have been in serious trouble.”

 
It is quite amazing that Steven Harper has the audacity to include something like this in his budget. Then again, he's committing audacious and dictatorial acts since he took office in 2006. A supposed "conservative", he's successfully racked up the biggest deficits in Canadian history and has increased the national debt to a whopping $610 billion and counting (http://www.debtclock.ca/).

And now I sink back into the shadows, biding my time until the proverbial shit hits the fan and the financial system goes down as they transition to the next financial/monetary paradigm of the world. My bet's on gold, silver and commodities, but only time will tell.