April 30, 2016

Joe Oliver: Don’t worry about bank “bail in” option in Liberal budget

Rebel Staff
 

Ever since the Liberal budget came down, we've been warning you about a paragraph on page 223: That if Canadian banks look like they're failing, the government can seize your savings to bail them out! It's called a "bail in."

I asked my guest, former Conservative Finance Minister Joe Oliver about this worrying provision. He was less concerned about it than I am...

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Comments
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commented 2016-05-01 14:31:59 -0400
D’ya think Morneaux would come on the Rebel to clarify? Yeah, right!
commented 2016-05-01 11:58:43 -0400
Funny how Levant does not trace the TPP back to Harper and the current Conservative party that wants even more selling out of Canada and more overreaching trade agreements which would obviously be detrimental to the nation. It kind of shows that Levant and Oliver feel that you are too stupid to figure this out. It is rather easy to understand that in globalism everything is about racing to the bottom. Which is why corners have to be cut and society needs more and more tax cuts until the nation has no ability to properly function. Taxes are necessary to provide a standard of living for the average person. These trade agreements are too overreaching and too broad. No wonder manufacturing is gone now in most Western societies including ours.
commented 2016-05-01 11:55:40 -0400
If people are worried about bail-ins they should vote for the only party that has wanted reform on monetary reform and use of the Bank of Canada, which is the Canadian Action party. They have wanted civic nationalism since 1997 with Paul Hellyer originally leading that party and the party opposes much of the wide-ranging and selling out of Canada. Many on here feel the Conservatives will do something about this, but no matter where you look around the world bail-ins are happening by the political mainstream whether it is conservatives, liberals or social democrats. Canada needs an economically nationalism and a party that wants real nationalism meaning civic nationalism to help out the nation and not corporations and not big banks.
commented 2016-04-30 22:47:43 -0400
Here is a couple of links dealing with our current financial situation and things you can do to prepare for a collapse. I have purchased all of the e-books but haven’t read too much yet, just scimmed over all of them. From what I can tell so far most of the info is common sense.

https://www.youtube.com/watch?v=IrB8rXhO0_0

http://theeconomiccollapseblog.com/archives/25-things-that-you-should-do-to-get-prepared-for-the-coming-economic-collapse
commented 2016-04-30 22:34:20 -0400
Go to now, ye rich men, weep and howl in your miseries, which shall come upon you. 2 Your riches are corrupted: and your garments are motheaten. 3 Your gold and silver is cankered: and the rust of them shall be for a testimony against you, and shall eat your flesh like fire. You have stored up to yourselves wrath against the last days. 4 Behold the hire of the labourers, who have reaped down your fields, which by fraud has been kept back by you, crieth: and the cry of them hath entered into the ears of the Lord of Sabaoth. 5 You have feasted upon earth: and in riotousness you have nourished your hearts, in the day of slaughter.
commented 2016-04-30 22:14:45 -0400
The way things are going no one has any money to put in the bank anyways.

If you have cash buy land – rent it to a farmer – you will not make a fortune, but the bastards in Ottawa cannot dip into your land account. Get that rent in cash.

In fact as much as possible be sure to deal in cash – that way you cannot be tracked – and yes – business and Rev Can and soon other government departments will be tracking you more and more.

Going cashless?

Totally stupid.

Grow a little garden and eat well.
commented 2016-04-30 21:36:52 -0400
Maybe people should actually do their research and find out who actually proposed this bill in 2013……… How easily people forget this was part of Harper’s party bill for the TPP agreement and now everyone is blaming Trudeau. Funny how that works eh PC’s. :(
commented 2016-04-30 20:01:07 -0400
“‘Will you walk into my parlour?’ said the Spider to the Fly.”
commented 2016-04-30 18:59:02 -0400
I don’t agree with Joe either. I’m trying to time when I’m going to cash in my RSP’s so that they don’t get stolen, by the greedy liberals and the other greedy players. I think the whole system is about to come crashing down, as they bankrupt democratic countries, for the UN’s take over. This is why we are seeing Merkel and Obama declining any patriotic symbols of their countries, and the gossip is flowing about erasing country borders. They are using a human army to do that for them already, plus paying various mobs to cause scenes, and disturbances everywhere, in order to disrupt normalcy.
commented 2016-04-30 17:17:03 -0400
Here’s the thing: even if the bail-in provision wasn’t there, how long do you think it would take a majority government to pass emergency legislation to pull a Cyprus on depositors? One evening? A weekend?
commented 2016-04-30 15:30:51 -0400
X

YOU BULLSHITTER JOE OLIVERTHERE IS A PENDING GLOBAL FINANCIAL COLLAPSE COMING YOU LYING PRICK!!!!

And Bernie Trudeau is steering the boat – translation: every person for themselves – the gummint won’t be of any help.
commented 2016-04-30 15:27:23 -0400
Sorry Joe, I’m not buying into that crap, stop the chronic denying. There is a giant financial bubble ready to burst. In the US alone the derivative market is 7 times larger than the worlds GDP……… 7 Times!!!!! Government thieves will back up the banksters as long as they can in this collapse until it finally crumbles around them, this next bubble burst will make ‘29 and ’08 crash look like a picnic. Prepare yourselves it’s coming fast!!!!!!!