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Canadian Federal Budget Contains ‘Bail-in’ Process That Will Use Depositors’ Funds


Canadians might want to wake up to the fact that the latest Federal budget contains a new ‘bail-in’ procedure for Canadian banks that is similar to how Cyprus has deal with the issue. You can read more here (http://theeconomiccollapseblog.com/archives/cyprus-style-bank-account-confiscation-is-in-the-new-canadian-government-budget) and here (http://globaleconomicanalysis.blogspot.ca/2013/03/canada-discusses-forced-depositor-bail.html).
If you have money in a Canadian bank, you might want to think about getting it out while you can!


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