TOO LATE: Australian BANK BAIL-INS OF RETAIL DEPOSITS Have Already Happened

John Adams and Martin North expose the Australian establishment propaganda about bank bail-ins of retail and institutional deposits…

by John Adams and Martin North from Adams Economics

John Adams and Martin North expose the Australian establishment propaganda about bank bail-ins of retail and institutional deposits which they have claimed can never occur in Australia. (A bank bail-in of retail deposits occurred in Cyprus in 2012).

Adams and North also discusses our previous findings that bail-ins can occur in Australia. We also discuss the recent International Monetary Fund Financial System Stability Assessment report for Australia where they call for a ‘statutory bail-in regime consistent with international best practice.

John Adams then goes onto to reveal that bail-in of retail deposits have already occurred in Australia. They occurred in 1892-1893 during the worst depression in Australian history.

To read John’s article: The IMF Wants APRA to Steal Your Bank Deposit

Watch the video in its entirety below: