Sinclair: “How in the world can Lagarde say that Cyprus is
a one-off? The spreading of bail-in being written into Canadian law, New
Zealand law, as well as in other countries, tends to indicate that what has been
done in Cyprus is in fact a test case for further application. If it wasn’t, it
was an economic act of war by Europe against Russia.”
Eric KIng: “Jim, when you see
that being written into law in countries elsewhere, they are not setting that up
for no reason.”
Sinclair: “No. They are
not writing that in because some junior clerk supports the approach. When
countries write things into legal documents it passes legal review. So the
possibility of that being a mistake is nil...."
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