|(Canadian Prime Minster Trudeau)|
"An order made under paragraph 39.13(1)(d) gives the Corporation the power to convert, or cause the federal member institution to convert, in whole or in part - by means of a transaction or a series of transactions and in one or more steps - the institution's shares and liabilities that are prescribed by the regulations made under subsection (10) into common shares of that institution or any of its affiliates." (See Section 2.3 - Conversion).The International Monetary Fund ("IMF") recognizes a housing bubble exists in Canada at this time and the average value of homes across Canada is 30% over valued at minimum. The IMF also understands that because it is only a matter of time before the housing bubble bursts preparations need to be made in order to mitigate losses for their member banks around the world. This means the United States as well as others are in line for similar measures!
The only way in which members of the public can prevent their deposits from reaching their national banking institution is to close their account(s). This way, the payer is forced to remit a check in which to be cashed instead of deposited. This might also mean one must look into investing in a safe.