It seems we can't open up the paper or watch the news or listen to radio without another financial scandal.

After reading the below I took the bull by the horns and decided to diversify.

Carney says deposits are safe but no guarantee? What the hell is that?? Jim Sinclair's post today gave me another wakeup call.

I have 1/2 of my Noront shares at Scotia Itrade.

I phoned up Scotia I-trade today and asked them to direct register my Noront shares. I don't like reading the crap below and figured diversifying would be a good thing. The shares are now registered to me and I own them. IF scotia Itrade his financial issues.. my Noront shares aren't going to be used to bail them out!@!. It took one phone call and a fee of $50.00.

The transfer agent is Computer Shares.

The share certificates will be sent to me by registered mail. A safety deposit box will cost me about $45.00 a month to open.

I have the other half at another institution that is high on the list of exposure to OTC derivatives. (that makes me uneasy).

I did a transfer on line to transfer these remaining shares to Scotia Itrade. Once they get there I will pay another $50 and direct register them too.

I believe in Noront and I am very much liking the recent outfoxing by Noront the Bigshot.

I've worked too hard. Read till my eyes fall out ...at times...and there's no way in hell I want someone to tell me ......the shares are gone and were used for other purposest...since they weren't registered to me. They will not be used in the future for any bail in-bail out crap.

No way will I let that happen. Just a thought folks for you to take a look and perhaps diversify at least some of the shares if you have a larger holding..

Posted June 14th, 2013 at 7:01 AM (CST) by Jim Sinclair

Dear CIGAs,

This will save you 83% of your assets.

Read about "Bail-in" from the horse’s mouth, the Federal Deposit Insurance Corporation, and the Bank of England. In Canada Bail-In is written directly in their most recent budget submission papers. A depositor and account holder anywhere in the Western financial world is an unsecured creditor of the financial institution. Everything in your account can be Bailed-In, everything!

Funds can be bailed In. Charities can be bail-In. Institutions can be bailed-in, non profits can be bailed-in. Hedge funds can be bailed in.

In Cyprus there were no exceptions. Here there will be no exceptions. There will be no exception unless you make the exception for yourself doing the very simple step by step diversification I outlined for you without the need to change any investments you have, or do not have.

This challenge coming at us like a locomotive is a challenge rendered sterile by simply changing the mechanism of your shares, commodities and deposits. Please pay attention.

http://business.financialpost.com/2013/04/18/canadian-deposits-safe-under-bail-in-but-no-guarantee-carney/