“Dirty Haircut”: New Zealand’s Plan to Confiscate Bank Deposits

Region:

When New Zealand politicians say the “haircut” Open Bank Resolution (OBR) document from 2011 is different from what is happening right now in Cyprus, they’re just spouting propaganda.

In small detail it may be a little bit different, but in its designed effect it is just the same.

(See excerpts of documents below)

They aim at the savings of what people have in the bank:

 

                                                               ~~~~~~~~~~~~~~~~

In short: the haircut aims at the middle incomes, the middle class, as always in international control politics, the middle class gets shot hardest. Why?

 

 

The Reserve Bank document can be consulted at: http://www.rbnz.govt.nz/finstab/banking/4335146.pdf


Articles by: Global Research News

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]