While the mainstream media provides non-stop coverage of the unrest occurring in Hong Kong, recent turmoil in Ecuador barely rates a mention, yet seven protestors are dead, 1,340 injured and 1,152 have been arrested.
The Citizens Electoral Council since June has been blaring the news that Australia’s banking authorities are drafting legislation in the Treasury for Cyprus-style “bail-in” powers, so that when an Australian bank fails, the savings of its deposito
No bank deposits anywhere are safe following the disastrous Cyprus “bail-in” using confiscated deposits, because this is now the standard for all future bank rescues.