By Catherine Austin Fitts

A subscriber from “down under” sent a series of interesting links on blog posts published last year on Australia’s plans to be prepared for “bail-ins.” My thanks to our subscriber.

I anticipate that the plans are similar throughout the G-7 – certainly the Anglo-American world.

We are embarking on a unique experiment – managing a multi-trillion dollar interest rate swap derivatives book globally during a period of rising interest rates. We have never done this before. So it make sense the global banking industry would want to coordinate the protection of the global derivative book.

If you hear a quiet giant sucking sound, this could be it.

Related Reading:

Australia Plans Cyprus-Style “Bail-In” Of Banks In 2013-14 Budget

Australian Banks Demand Protection From Derivatives Losses Under Bail-In Plan

Australian Banks “Welcome” Cyprus-Style Bail-In Plan

Shareholders, creditors must pay if banks fail: BIS

Timeline For “Bail-In” Of G20 Banking System

“Bail in” Cyprus-Style Wealth Confiscation Laws coming to Australia!

IMF Tells Australian Lawmakers To “Prevent Premature Disclosure Of Sensitive Information” On Bank Bail-Ins

Wikipedia on Bailout vs. bail-in