[Forwarded from Tower of Basel | BIS]
http://te.legra.ph/Senate-Pass....es-Bail-In-Law--How-
https://www.ainsliebullion.com.....au/mobile/gold-silv
"This is a very long and complicated piece of legislation but at its very core it brings Australia into line with the ‘Bail In’ agenda of the
Bank of International Settlements (BIS)
as agreed at the G20 here in Brisbane in 2014. ‘Bail In’ is about government not bailing out distressed institutions as we saw in the GFC using tax payer’s money, rather using the creditors of the bank to bail itself out.
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