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“The EU Commission wants future citizens open bank accounts anywhere indefinitely. This measure is especially the large international banks: they have more efficient ways to collect in Europe in case of a crash, the compulsory levy of bank customers.
Too big to fail is from an EU perspective, without alternative and therefore conveying a decent business model. There is now also a fundamental right to the compulsory levy. For the banks.”
http://deutsche-wirtschafts-nachrichten.de/2013/05/09/eu-gibt-banken-neue-moeglichkeiten-zum-zugriff-auf-die-bank-konten/
http://translate.google.de/translate?…/eu-gibt-banken-neue-moeglichkeiten-zum-zugriff-auf-die-bank-konten/
The [...]
Dear CIGAs,
Let’s keep things very simple:
1. The future of gold will not be determined by the USA.
2. The present manipulation in gold is purely Western, and any other thought is rank nonsense. This event is both short term and very short sighted in terms of people’s published analysis.
3. The triumvirate of Euroland, Russia and China will determine the future of gold as financial power has shifted from the West towards [...]
Our forefathers gave us the constitutional right to bear arms in order to allow the citizenry to protect itself from a corrupt, oppressive, tyrannical government.
But that was back in the day when there was a level playing field as far as arms went. You basically had swords, guns, and cannons…
The government had no better weapons technology available to it than the citizens..
That ceased to be the case when the south [...]
http://www.examiner.com/article/libo…ere-to-testify
In the wake of the mass murders that took place in Newtown, Connecticut on Dec. 14, information on the shooter, and his family, is slowly being discovered by law enforcement other sources. One interesting connection to the tragedy that took place at the Sandy Hook school is that the father of Adam Lanza has a connection to the theater shootings that took place in Aurora earlier this year by James [...]
It’s funny how in American media, Europe is often referred to as if it was one state. This message is delivered through the MSM, which of course obeys the agenda of the globalists.
Europeans have been pushed for years to become one nation, which is something very few over here really want. There are somany different cultures here, not melt together as in the US but residing on their own areas, there’s just no [...]
from WSJ:
China will allow over-the-counter gold trading between banks for the first time Monday, a significant financial reform for the world’s second-largest buyer of the precious metal.
The move reflects the Chinese government’s latest effort to develop Shanghai into a major gold trading center, and mirrors similar developments in the country’s currency and oil markets.
The introduction of interbank trading is intended to develop China into a liquid and market such as [...]
from WSJ:
China will allow over-the-counter gold trading between banks for the first time Monday, a significant financial reform for the world’s second-largest buyer of the precious metal.
The move reflects the Chinese government’s latest effort to develop Shanghai into a major gold trading center, and mirrors similar developments in the country’s currency and oil markets.
The introduction of interbank trading is intended to develop China into a liquid and market such as [...]
65-year-old pensioner who lost her home leads charge over ‘unjust enrichment’ between 2000 and 2009
Lawsuit claims the Libor rate rose ‘artificially’ on the first day of the month – the days when many mortgage rates are calculated
Barclays, RBS, Lloyds and Bank of America all named in class-action lawsuit
A 65-year-old American woman who lost her home in the credit crunch is leading a class-action suit against 12 of the world’s major [...]
“Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal,” Warren Buffett wrote in 2002
Lindsey Williams Highlight – Derivatives to Implode Economy
How the perfect derivative storm could cost you 90% of your retirement
Those on the wrong end of the coming crash are going to be absolutely wiped out.
…
Most Americans do not understand what “derivatives” are, so they kind of tune out when people start [...]
There are now 1.5 quadrillion in derivatives floating around. The banks said the US government must bail them out in 2008. Now there are 3 times the derivatives as in 2008.
By the end of 2012 there might be 2 quadrillion in derivatives, I don’t see how we can continue much longer with this massive bubble being blown up by the banks. When it pops it will take down the whole [...]
LONDON (Reuters) – Spain’s national lottery is trying to raise 6 billion euros $7.3 billion (4.7 billion pounds) through a syndicated loan with international banks to finance its contribution to a government fund for the country’s cash-strapped regions, bankers said on Wednesday.
The Spanish government announced the 18-billion-euro fund earlier this month and said at the time it would take the unusual step of asking the lottery, the country’s most profitable [...]
A series of ratings downgrades from Moody’s last week has created an unwelcome but manageable liquidity squeeze on three major banks, by forcing them to post billions of dollars in additional collateral against derivatives exposures.
Moody’s completed its rating review of international banks last Thursday and downgraded three major derivatives dealers below the crucial Single A threshold, which will likely have led to hefty collateral calls from counterparties.
Citigroup’s two-notch long-term rating [...]
Fitch credit ratings agency has downgraded Spain’s two largest international banks Banco Santander and Banco Bilbao Vizcaya Argentaria (BBVA) from A to triple B plus.
The international credit agency said on Monday that the downgrades were primarily because Spanish sovereign debt ratings had been downgraded to BBB- from A- on June 7 and also due to forecasts that Spain’s faltering economy would remain in recession throughout this year and also in [...]
Europe’s plan to lend money to Spain to heal some of its banks may not work because the government and the country’s lenders will in effect be propping each other up, Nobel Prize-winning economist Joseph Stiglitz said.
“The system … is the Spanish government bails out Spanish banks, and Spanish banks bail out the Spanish government,” Stiglitz said in an interview.
The plan to lend Spain up to €100bn, agreed on Saturday [...]
kingworldnews.com
Today legendary trader and investor Jim Sinclair told King World News the “credit event” in Greece totals much more than the $3.5 billion which is being reported by the mainstream media. Sinclair also said if the CDS’s are in fact made to pay, this could require the rescuing of eight international banks, through Fed swaps that could total in the trillions of dollars. Here is what Sinclair had to say [...]
From Jesse’s Café Américain:
“But please, to our friends in the Big Media, could we stop saying that we don’t know the location of the missing $1.6 billion of client funds from MF Global? The money is safe and sound at JPM and other counterparties. As with Goldman Sachs et al and American International Group, the banks have been bailed out at the cost of somebody else. And the various agencies [...]
Monday, February 13, 2012 at 6:41 pm
Last week, I was perusing the latest issue of The American Spectator (yes, I’m a subscriber and have been since 1994). In it I found a terrific article about returning to The Gold Standard.
First, though, you should read this note from Santa. It fits in well here as he discusses the future and a likely return to a gold-based monetary system.
by Santa Sinclair
My Dear Extended Family,
The [...]
February 13, 2012, at 7:00 am
by Jim Sinclair in the category General Editorial
My Dear Extended Family,
The replacement of lost liquidity is NOT arithmetic. Booms, like busts, turn geometric on their liquidity effect because of the impact of mass financial psychology. Management of Perspective Economics primarily operated by mainstream media can make the gestation period of this event long, but it cannot reverse the underlying process.
With there being no question whatsoever that a credit [...]
Kurt Nimmo
Infowars.com
February 2, 2012
The family of Border Patrol agent Brian Terry has filed a wrongful death lawsuit against the federal government. Terry was killed on December 14, 2010, by drug cartel bandits in Arizona. Investigators found two AK47s at the scene that were linked to the government’s Fast and Furious gun-running operation.
Under Fast and Furious, the ATF orchestrated the sale of guns originating in the United States to Mexican drug [...]
How The U.S. Will Become A 3rd World Country (Part 1)
The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status. Economic data indicate a harsh reality that obviates mainstream political debate. The evidence suggests that, without fundamental reforms, the U.S. will become a post industrial neo-3rd-world country by 2032.
Fundamental characteristics that define a 3rd world country include high unemployment, [...]
By William L. Watts
FRANKFURT (MarketWatch) — There is no agreement between euro-zone governments and international banks on the size of losses banks and other private bond holders should take on Greek government debt, the head of a trade group representing the banking industry said Wednesday night. “There has been no agreement on any Greek deal or a specific ‘haircut,’” said Institute of International Finance [...]
From FT:
European negotiators have asked Greek debt holders to accept a 60 per cent cut in the face value of their bonds, a hardline stance that far exceeds losses agreed in a deal between private investors and eurozone authorities three months ago.
The stance, delivered to a consortium of international banks at the weekend by Vittorio Grilli, Italian treasury chief and lead eurozone negotiator, is a victory for German-led northern creditor [...]
Money Changes
October 10, 2011
The proper way to begin this is to honor the sacrifice of time, energy, jail, and risk of physical harm that protesters on Wall Street have made. Their sacrifice and commitment has opened doors and been a catalyst to move people to action in this country and now all around the world. Successful financial and banking reform depends on those protests [...]
by Brandon Smith of Alt Market
Sausage The Riot Dog Coming To America?
Who would have thought it possible? Greece, a tiny country on the Mediterranean which is, in the grand scheme of things, economically insignificant, has become the centerpiece of the global financial media and the “make or break” sovereign debt battle for the entire European Union. Let’s face it; Greece dominates [...]
*** French banks exposure to Piigs is 30% of France’s total GDP. ***
(Source: Bank for International Settlements)
French banks also have a loan to deposit ratio of only 85%. (Source: IMF) That means they have 15% more loans than deposits. Backing loans with deposits is a much more stable form of interest rate financing than other means due to the variability of interest rates of non-deposit based [...]
Charles Hugh Smith
Of Two Minds
The banks of Europe are the new Feudal Manors and Masters. All Europeans now serve them as debt-serfs in one way or another.
If we knock down all the flimsy screens of artifice and obscuring complexity, what we see in Europe is a continent of debt-serfs, indentured to the banks under the whip of the European Union and its secular [...]
From Charles Hugh Smith from Of Two Minds
500 Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy
The banks of Europe are the new Feudal Manors and Masters. All Europeans now serve them as debt-serfs in one way or another.
If we knock down all the flimsy screens of artifice and obscuring complexity, what we see in Europe is a continent of debt-serfs, indentured to the banks under [...]
From GoldCore
Gold Surges to Nominal Euro & Pound Record– Jim Cramer Critiques Warren Buffett on Anti Gold Bias
Gold has risen to new record highs in pounds and euros as concerns about contagion in the eurozone and stagflation in the UK deepen. The euro has fallen sharply in international markets and is down 1.5% against gold so far this morning. European Council President Herman Van Rompuy has [...]
Iceland Declares Independence from International Banks
By Bill Wilson
June 21, 2011 “Netright” — – Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.
On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out [...]
ATHENS, Greece — The instability rocking Greece this week is the latest manifestation of a troubling new phase in the global financial crisis: political turmoil is sweeping through Europe, toppling governments and threatening to undermine efforts to rescue the financial system and, ultimately, the euro zone itself.
It seems likely that Prime Minister George Papandreou of Greece will manage to hold his government together long [...]
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