Western Banks | InvestmentWatch

Largest Dutch Bank Defaults on Physical Gold Deliveries to Customers

Last week, a rubicon was crossed in the precious metals market as one of the largest banks in Europe defaulted on their gold contracts, and informed their customers there was no physical gold available for delivery.

ABN AMRO, the largest Dutch bank in the Eurozone, issued a letter to their gold contract customers of failure of delivery, and instead will pay account holders in a paper currency equivalent to the current [...]

BREAKING: Cyprus, Troika Agree On 40% Haircut On Wealthy Depositors!!! BANK RUN IMMINENT!! Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

Cyprus told: take bank levy or leave euro

President, eurozone finance ministers and bailout troika hold emergency meeting as €100 limit imposed on ATM withdrawals

Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency.

Negotiations got underway [...]

BREAKING: Russia warns citizens and companies to get money out of USA banks!

A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history.

According to Kremlin sources, though, President Obama’s sudden visit to Israel this [...]

Civil War 2: The economic imperative for mass social unrest.

Why The Banking Elite Want Riots in America

Paul Joseph Watson & Alex Jones
Infowars.com
February 11, 2013

Every indication clearly suggests that authorities in the United States are preparing for widespread civil unrest. This trend has not emerged by accident – it is part of a tried and tested method used by the banking elite to seize control of nations, strip them of their assets, and absorb them into the new world [...]

Jim Sinclair – The War Between Manipulation and Buying

jsmineset.com

July 6, 2012, at 6:06 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post

My Dear Extended Family,

Next week is the war between manipulation of gold by the West, and appetite for buying gold in the East, both from friendlies and enemies. Anyone that does not see today’s gold market as a rig is blind or brain dead. There is a full blown crisis in Western world banking today, right here [...]

Western banks ‘reaping billions from Colombian cocaine trade’

Ed Vulliamy
guardian.co.uk,
June 5, 2012

The vast profits made from drug production and trafficking are overwhelmingly reaped in rich “consuming” countries – principally across Europe and in the US – rather than war-torn “producing” nations such as Colombia and Mexico, new research has revealed. And its authors claim that financial regulators in the west are reluctant to go after western banks in pursuit of the massive amount of drug money being laundered [...]

Recently in the UK press regarding a connection between drugs money laundering and banksters and note London as the bankster capital has also become the cocaine capital:

While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits, a study claims

China: is it a big bubble about to burst? Last week’s China GDP figures is an early warning signal of the hard landing to come – Analyst

Guardian.co.uk

Diana Choyleva is the bear in the China shop. The analyst from Lombard Street Research says last week’s China GDP figures – which revealed growth slowing to a three-year low – are an early warning signal of the hard landing to come.

Dig deep into the data, she says, and you’ll find that Chinese exports are falling. All that is propping up the economy is gargantuan investment in infrastructure financed by state- directed [...]

Jim Willie’s latest article: The Gold Groundhog Grind

http://www.financialsense.com/contributo…

Here is an excerpt:

“The battle has expanded. It is no longer solely on price. It has focus on draining the crooked camps of their physical gold. The latest wrinkle is the revelation that the derivative sector is as corrupt as the bond core, as banks are liable for hundreds of $trillions they cannot pay following years of hefty ripe fees taken in. The constant backdrop since 2008 is that the [...]

LEAP/E2020 Global systemic crisis – First half of 2012: Decimation of the Western banks

As anticipated by LEAP/E2020, the second half of 2011 is seeing the world continuing its unstoppable descent into global geopolitical dislocation characterized by the convergence of monetary, financial, economic, social, political and strategic crises. After 2010 and early 2011 which has seen the myth of a recovery and exit from the crisis shattered, it’s now uncertainty that dominates the States’ decision-making processes just like [...]

Banks’ Counterattack Not Likely to Last Long

By GEOFFREY T. SMITH? WSJ

“My centre is giving way, my right is retreating, situation excellent, I am attacking.”

Western banks are taking a leaf out of French Marshal Ferdinand Foch’s book at the Marne, choosing a moment of crisis to launch a massive counterattack against the regulatory onslaught they have had to endure over the past three years.

Since the financial crisis, they have begged and pleaded [...]

Gold Over $1600 and Silver Over $40.30 on Risk of Systemic Collapse and Fiat Currency Crisis

Gold rose to new record nominal highs in debt laden U.S. dollars, euros and pounds today due to the growing risk of a systemic financial collapse and fiat currency crisis.

Gold rose 0.5% in U.S. dollar terms to a new nominal record high at $1,602.05 per ounce. Euro falls saw the dollar rise 0.8% against the euro and gold rise 1.4% in euro terms to EUR 1,041 per [...]

Greek PM: “We had three choices.First, bankruptcy, second, leaving the euro, the third, helping the support mechanism that we created”

by ZH

Papandreou’s latest attempt to buy his failed regime some time, after last week reneging on his promise to step down (which certainly did not buy him any friends), was a speech to Parliament in which he told Greece the obvious “We had three choices.First, bankruptcy, second, leaving the euro, the third, helping the support mechanism that we created… The consequences of a violent bankruptcy [...]

Inflation and sovereign debt fears are leading to continued safe haven demand

From GoldCore

Gold and Silver Reach New Record Nominal Highs – Little Coverage, Bearish and Superficial Analysis

Gold and silver have reached new all time and 31 year record highs in trading in London this morning.

Silver is particularly strong and the euro particularly week on sovereign debt contagion concerns.

Inflation and sovereign debt fears are leading to continued safe haven demand. It is import as ever to note that the record [...]

Western Banks Pushing Out Hawks – Presumed Next Head of ECB Axel Weber and Kevin Wash of Fed Both Headed Out the Door

by TraderMark at Fund My Mutual Fund

Some pretty amazing developments in the past 48 hours in the world’s 2 largest “easy money” central banks, that very few are talking about.Â If you are a conspiracy theorist this is one you are going to enjoy….

First over in Europe, the ECB’s head Trichet is facing the end of his term soon.Â It has been long thought German hawk (hawk [...]

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