Me too. I might be misunderstanding that one, but the sound of new bonds for old was disturbing, Greece like, though they seemed to be saying that the trick was to preserve capital, unlike the Greek writedown.
I think it is a subliminal hint to silver and gold bugs to stack and load. Believe me, when TSHTF there will be nowhere to run and nowhere to hide. I for one, plan on bunkering in and simply putting everything on hold.