This excerpt from the Economic Action Plan; " the mistaken belief by investors and other market participants that these institutions are “too big to fail.”", suggests to me that the government is saying that banks CAN actually fail. I underlined and bolded the "mistaken belief " above, to perhaps assist investors and everyday people in understanding that nothing is guaranteed.

Since the 2013 suggestive plan, the banks have embarked on a plan to seize as much tangible property as they could.can. The huge credit bubble the banks have created CANNOT be balanced on paper, therefore the banks have been desperately, AND BEHIND THE SCENES, trying to add as much tangible assets as they can, before the crunch, in hopes that their financial sheets can produce a worth that is backed by tangible property, rather than useless paper and projective instruments which contain no immediate value.

See, when accountability hits the fans for these banks, they will default IF they do not have ASSET BACKED PAPER. This is why Flaherty and government tried to provision the instrument of "bail in" which separates the tax payers and government from footing the bill on any bank defaults. HOWEVER, and very important, legislation seems to leave the banks with ONLY guaranteeing any money/investments you have in the bank, to a ~$100,000.

It may appear that Canadian banks may have created, out of thin air, a thousand times the actual amount of money in circulation within this country. If this is proven so by documents that may be released in the near future, then indeed, the banks are in huge trouble to try to cover their butts. The Italian bank default the other day is another wake up call, and in that same article, and most likely next, is Germany's Deutsche Bank. This is not BS, when you have many intelligent minds that consist even of top economists telling you this, its real. I suggest to everyone I see, have some cash kept safe outside of any bank accounts, the actual cash in your hand, that will allow you to buy necessities for a couple weeks in event of bank runs and ATM,s being shut down. No cards will work, only cash will be accepted. I further at this time suggest for people to stock up on some non perishable foods because of the shipping crisis and the produce crisis currently happening around the world. ( Last year, I was at liberty to witness a bank ALLOWED to bring old Canadian currency that was out of circulation BACK into existence/circulation. This implies a powerful message on just how much actual cash money is out there. See, the banks have created DIGITAL MONEY, with no actual cash to back it up, so, in reality, there is probably ONLY 0.1 % THE AMOUNT OF PAPER MONEY out there TO COVER ALL DEPOSITS AND LOANS. This means, that its that touchy, that if perhaps 1% of Canadians started withdrawing the actual paper money from their DIGITAL bank accounts, that it COULD trigger a bank run here in Canada. If you do not believe what I say, go to the bank and see what happens when you try to take out a large sum of money, like over $10,000, watch the questions and delay you may get. Then perhaps even start looking at the written agreements you have signed with a bank when you first opened an account with them, perhaps read the fine print.)

The main strategy of the Canadian Government, Canada's major banks and a couple prominent Pension Funds, in attempts to thwart, buy time and continue the fraudulent market illusion, was to allow the banks to BUY Canada's major Exchange, the TSX. To assist in stabilizing and even covering up the stock manipulation by these banks that occur through MM activities, conveniently the Exchange regulators such as IIROC and the TSX Compliance Dept are owned by the banks. This is why SLI investors will receive little to no satisfaction, UNTIL the system is broken. Then when the system is disclosed for what it is, and broken, how do you place a value on your stock? I guess you could say the value is priceless because of the corrupt system you assisted in bringing down and to create a more just world for generations to come.

I hope that all reading this post do not wait for "seeing is believing", for it may leave you in a position where banks and ATM,s are closed for a few days or weeks, and you have no paper money to buy immediate necessities you may require. At least be safe and have some cash out in case your family may need some medications or immediate things that need to be bought, what can it hurt to be rather safe than perhaps sorry?

Love and Light

Rick