Canada Preparing for Economic Collapse

(Canadian Prime Minster Trudeau)

Earlier this month of August 2016, it was reported by Canadian Times that Bill C-15 became law on June 22, 2016. What is Bill C-15? This Bill allows federal banking institutions in Canada to convert the public's deposits into common shares of stock in banks, especially when they are failing! So, imagine you have in excess of $100,000 in your Canadian bank account at this moment. Without clear notice, Prime Minister Justin Trudeau, under the power of the Corporation of Canada, has the power to convert, in whole or in part, your deposit(s) into shares of common stock of your ailing financial institution. Good luck if your town is within the circumstances of a market fallout and you need to eat and a place to stay!

This controversial Bill C-15 titled the Budget Implementation Act was passed in Canadian Parliament and signed by Trudeau earlier this year on March 22, 2016. More specifically, the Act states at Section 2.3:

"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.

(Canadian Times Reports on Bail-In, 8/11/2016)