Professor Michel Chossudovsky explains how the Canadian government is weighing on implementing a risk management project, in which certain bank liablities would be confiscated in exchange for shares and equity in failing bank institutions, which are namely money of customers’ deposits. Smaller banks would be targeted under such plans, according to Chossudovsky. Bail-In policies are on course to destroy smaller banks in a diabolical plot of destruction.
The too-big-to-fail banks would not be harmed by the bail-in schemes. Further consolidation is what is really going on here and this is known as “financial cleansing”. This is a pre-planned scheme for wiping small banking people off of the map.
Host James Corbett further elaborates on the process how banking is employed, and the common misconception that banks store piles of money in the background. It is up to the public to support local banking instead of these global banking entities that are designed to gobble up the competition.
