Confiscation Of Retirement Accounts - Another Brick In The Wall

Jul 12, 2013 – 01:53 PM GMT

By: Andy_Sutton

For the past few months we have been sounding the alarm both separately and collaboratively regarding the impending (although not necessarily imminent) looting of the Western financial system including bank accounts, public pension funds, and likely private retirement accounts to some extent. With regard to the bail-in doctrine now in place in much of the rest of the world, it appears as though Australia is jumping on board as well – as part of the 2013-2014 government budget no less. Details are still sketchy, but we’ll analyze what we have so far.

We remain absolutely convinced that a minimum of 95% of the people will do absolutely nothing. Most of them will not become familiar with the term ‘bail-in’ until it is already too late. We can’t do a thing about that. What is most depressing is that of the numerous people we have talked to who actually understand what is going on, the vast majority of them have also done nothing. Now is not the time to have that deer in the headlights, over analysis paralysis mindset.

The Latest Moves in the Chess Match

Australia, through its budgetary process, has endorsed the global bail-in resolution mechanism for GSIFI’s (Globally Active Systemically Important Financial Institutions). We’re going to use some terminology from April’s article authored by Andy Sutton regarding the FDIC/BOE and BIS whitepapers. That article is an absolute pre-requisite for understanding the situation down under.

One by one, the G20 has succumbed to the bail-in resolution mechanism. And it has been a very subtle process. You won’t hear about this on any of your favorite ‘news’ and opinion-shaping programs. The globalist elite are playing chess and the Proletariat are playing checkers. We obviously can’t shame anyone into looking out for themselves. We can beg, implore, beseech with hat in hand, but we can’t force this on you. You have the right to your ignorance just as we have the right to ours about the things that you might be passionate about. The big difference is this affects everyone. We are no better and no worse than any other pair of analysts who might someday look upon 2013 and comment and critique. Our plea comes from the heart and from a duty to both God in Heaven and our respective nations to spread the truth.

Let’s get to some details from Australia. It is difficult to assign credit, but we first discovered the information on the ‘Barnaby is Right’ blog with direct citations to Australian government budget documents. We have no reason to doubt the validity of the information at this point, especially given the fact that the blog cites Australian Treasury documents and the links are valid. It is pretty obvious that there is a good effort underway to hide these revelations as much as possible and our thanks go out to everyone who is digging on behalf of the Earth’s population.
The two snippets from Australia’s budgetary docs tell most of the story in very similar fashion to how the story was told in the FDIC/BOE collaboration and the separate but eerily similar BIS whitepaper:

The term ‘bail-in’ as applied in Cyprus has now become accepted jargon for the fleecing of bank depositors to restore liquidity in a failed GSIFI. The mechanism is identical, even down to the establishment of a ‘bridge institution’. The USFed has several of these: ‘Maiden Lane 1,2, and 3, LLC’. They contain the junk assets from now defunct financial institutions. You can find the Maiden Lanes in the weekly H.41 releases from the USFed here. These are the types of bridge institutions we’re referring to.

However, the bridge institutions are not what should concern depositors most. The next snippet, from page 134 of the budgetary document, deals with the responsibilities of APRA (Australian Prudential Regulation Authority). See below:

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