Cyprus Looting & Socializing the Losses: The Global Banksters Who Redefined Theft into “Haircut”!

[youtube=http://www.youtube.com/watch?v=M-2eJQqXm7s]

• Cyprus Looting & Socializing the Losses: The Global Banksters who redefined Theft into “Haircut”!! 
  by Marinka Peschmann, http://canadafreepress.com/ 
  Once upon a time a haircut meant “the act or an instance of cutting the hair.” In recent years, unbeknownst to an unsuspecting, trusting public, the slang stock exchange expression of “haircut” has become an acceptable banking practice to collectively apply to your bank accounts, according to the central bankers, world leaders and shadowy banker cabals like the Bank for International Settlements (BIS) and the Basel Committee.  Just ask the folks in Cyprus.
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  “Haircut” in stock exchange slang means: “a percentage of the value of an asset deducted to account for possible fall in its value before it can be liquidated?”  Translation: we can take your money that’s in our banks before you can get it. Ha! Ha! Suckers!
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  Now that we are all clued in to what the Globalist banking cabals have known and planned for years, let’s be clear. Nobody’s bank deposits are immune from the Cyprus confiscation model “haircut” to recapitalize the bankers’ financial institutions by taking/stealing your money if the banks become insolvent, which is just a nicer word for bankrupt. As previously reported, in bankster-speak, it’s also called “socializing the losses.”
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  Welcome to the subculture of the money changers; where verbal shorthand, slang, represents convoluted concepts that become policy that may affect you. It’s time you understood their language.
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  On Monday I introduced you to the global banking cabals, the ruling elite: the Bank for International Settlements (BIS), Basel Committee, the Financial Stability Board (FSB), in co-hoots with the G-20. I showed you how the Cyprus confiscation model for bail-ins includes not just Cyprus but the U.S., U.K.,Canada—the entire world. Today allow me to show you where the theft of your bank deposits became an acceptable “haircut” for the central bankers.
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  From the Basel Committee on Banking Supervision report dated December 2010 (revised June 2011) called: Basel III: A global regulatory framework for more resilient banks and banking systems.
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  In the introduction on page 1 of the 69-page report (PDF) we learn: “The objective of the reforms is to improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy.”
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  Absorbing shocks is when a bank could fail and the bankers recapitalize it in order to save it. Financial and economic stress occurs when the banksters bets go bad. During the 2008 financial crisis, for instance, they recapitalized their banks under the auspices of saving the financial and monetary system by taking taxpayer money (your money) to bail them out.
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  On page 44, Section 108 we see how “haircuts” (stealing depositor money) is part of their bag of tricks to use the next time a bank fails to recapitalize them:
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  read more!

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