There will be a bank bail in in Australia

[billy the kid]

A knowledgeable mate of mine just went to withdraw some money from his bank...
He was cross examined like a criminal for a good 15 minutes before they gave him the
money...and then it was only because he stated he was ex Police.....
We shouldn't have to do this...its our money.....
In the current economic climate...there will be a run on banks.....
Get your money out people.....
My feeling is that the small banks will go under...and one of the big four banks
will require a bail in...…..I know which one...…
Believe what you want to believe....,

[Juliar]

A run on the banks is a very serious economic issue.
So ScoMo and Josh would have emergency measures in place to avoid this.

[Redneck]

A knowledgeable mate of mine just went to withdraw some money from his bank...
He was cross examined like a criminal for a good 15 minutes before they gave him the
money...and then it was only because he stated he was ex Police.....
We shouldn't have to do this...its our money.....
In the current economic climate...there will be a run on banks.....
Get your money out people.....
My feeling is that the small banks will go under...and one of the big four banks
will require a bail in...…..I know which one...…
Believe what you want to believe....,

He must have been making a large withdrawal I would suspect.

[billy the kid]

And what will those emergency issues be pray tell....
A limit on the amount of the withdrawal permitted....like Greece...
Hockey has already passed the bail in legislation...so the banks are protected.....
I repeat...a bank will collapse...and there will be a bail in...….

[billy the kid]

A knowledgeable mate of mine just went to withdraw some money from his bank...
He was cross examined like a criminal for a good 15 minutes before they gave him the
money...and then it was only because he stated he was ex Police.....
We shouldn't have to do this...its our money.....
In the current economic climate...there will be a run on banks.....
Get your money out people.....
My feeling is that the small banks will go under...and one of the big four banks
will require a bail in...…..I know which one...…
Believe what you want to believe....,

He must have been making a large withdrawal I would suspect.

Well, no...he wasnt…but irrespective of that, he is entitled to withdraw his own money....
In actual fact he told them, under cross examination that he was buying a car...
He was asked for the registration number of the vehicle, the make and model of the vehicle, and the name and address
of the dealership where he was buying the vehicle....does this reek of an abuse of power...or
does it reek of an abuse of power....
We have all experienced this cross examination by bank officials, but when a bank staffer and the bank
manager stand there together in front of other staff members, and member of the public and cross examine
a customer as though he is a criminal, one must suspect that the banks are in the process of crumbling
into an abyss....they will not give you your money as they are attempting to stem a run on banks that
they know is occurring......
My suggestion to everyone would be to withdraw all your funds.....
As Ive aways said..believe what you want to believe...
Its a bit like the stock market isnt it.....Id prefer to be out of the market a month early than a day late.......

[Juliar]

The other aspect is this COVID-19 crisis will be all over in 6 months or less as vaccines are being trialed all over the world.

[Black Orchid]

A knowledgeable mate of mine just went to withdraw some money from his bank...
He was cross examined like a criminal for a good 15 minutes before they gave him the
money...and then it was only because he stated he was ex Police.....
We shouldn't have to do this...its our money.....
In the current economic climate...there will be a run on banks.....
Get your money out people.....
My feeling is that the small banks will go under...and one of the big four banks
will require a bail in...…..I know which one...…
Believe what you want to believe....,

He must have been making a large withdrawal I would suspect.

Well, no...he wasnt…but irrespective of that, he is entitled to withdraw his own money....
In actual fact he told them, under cross examination that he was buying a car...
He was asked for the registration number of the vehicle, the make and model of the vehicle, and the name and address
of the dealership where he was buying the vehicle....does this reek of an abuse of power...or
does it reek of an abuse of power....
We have all experienced this cross examination by bank officials, but when a bank staffer and the bank
manager stand there together in front of other staff members, and member of the public and cross examine
a customer as though he is a criminal, one must suspect that the banks are in the process of crumbling
into an abyss....they will not give you your money as they are attempting to stem a run on banks that
they know is occurring......
My suggestion to everyone would be to withdraw all your funds.....
As Ive aways said..believe what you want to believe...
Its a bit like the stock market isnt it.....Id prefer to be out of the market a month early than a day late.......

And stash it where? Under the mattress? I certainly wouldn't want to be someone in Melbourne with a mattress full of cash right now.

[Texan]

I'd put it in my safe or invest in something tangible and stable like real estate.

[billy the kid]

What people do with their money is up to them...
My point is that if the bank has your money.....you haven't.....
Its about control...
When the bail in occurs...and it will...you have no rights...the bank will simply appropriate
some or all of your money as it sees fit.....

[Juliar]

I think ANY large amount is viewed with suspicion these days as it could be some sort of criminal deal involving drugs etc.

That's why the Govt is restricting large cash amounts because there is so much criminal activity going on these days.