The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label austria. Show all posts
Showing posts with label austria. Show all posts

Monday, April 18, 2016

Negative interest rates in Europe lead Austria to highest gold sales in history

While the U.S. and most of the Western economies talk down gold and the need to protect your wealth in a physical asset, one sector of the Eurozone is setting new records for physical gold sales in the wake of negative interest rates.

In 2015, the nation of Austria set a new record for gold sales, with a 215% increase over the previous record set one year earlier.  And their 1.3 million ounces sold was greater than all sales made between the U.S. and Australia mints combined.


The Austrian Mint sold 1.3 million ounces of gold in 2015. This was up 215% from 2014 when the Austrian Mint sold 910 million ounces of gold. Austrian Mint gold sales in 2015 exceeded the combined 2015 U.S. Mint American Gold Eagle and Perth Mint gold sales. 
Austrian Mint spokeswoman Andrea Lang told Bloomberg News that the Austrian Mint’s gold sales were a reaction to the negative interest rates instituted across the European Union. A common knock against gold is that it doesn’t pay interest. That complaint is neutralized when gold is compared against cash deposits, which lose money by remaining in bank accounts and are subject to potential “bail-ins” whereby depositors may lose some of their deposits if the banks where they keep their money become insolvent. 
Gold was the best performing asset in the first quarter of 2016 and the Austrian Mint expects sales to remain strong through 2016. Indeed, in the first quarter of 2016, the European Central Bank announced additional stimulus and took interest rates further into negative territory. These initiatives should make gold even more attractive to cash depositors in Europe. - Finance.Townhall.com

Sunday, April 10, 2016

Got gold? Bank bail-ins have returned, and are beginning in Austria

Last year saw a mad rush by Western governments, especially in the Eurozone, to pass bail-in legislation before the end of 2015.  And while the European Central Bank has done its part in attempting to buy every single toxic debt that was on the books of European banks, it hasn't been enough to satisfy the trillions in loans made to subsidize the oil industry, emerging markets, or artificial bubbles in sectors like housing.

And it appears that these new laws came none too soon as on April 10, Austria invoked their bail-in procedure and will initiate a debt haircut on senior creditors for a failed bank that was nationalized six years ago.

Today, the Austrian Financial Market Authority (FMA) in its function as the resolution authority pursuant to the Bank Recovery and Resolution Act (BaSAG - Bundesgesetz über die Sanierung und Abwicklung von Banken) has issued the key features for the further steps for the resolution of HETA ASSET RESOLUTION AG. The most significant measures are: 
•a 53.98% bail-in, resulting in a 46.02% quota, for all eligible preferential liabilities, 
•the cancellation of all interest payments from 01.03.2015, when HETA was placed into resolution pursuant to BaSAG, 
•as well as a harmonisation of the maturities of all eligible liabilities to 31.12.2023. - Examiner
Are you prepared for a bail-in at your financial institution?  Or are you set in having your wealth transferred to the only asset that cannot be confiscated in a bail-in, or devalued by central banks?

Tuesday, November 3, 2015

Politicians in Austria seek to throw out member who called out Zionist Banking cabal

Rarely do you see mainstream politicians willingly call out the cabal that secretly holds sway over the global financial system, but one woman legislator in Austria is attempting to do just that.  On Nov. 2, Susanne Winter went to social media to affirm what someone had posted regarding the Zionist bankers being the root problem behind the chaos brewing in the global financial system.  And for this, a right-wing leadership party within Austria’s legislature is attempting to oust her for what they refer to as Anti-Semitic remarks.
Yet like the way the left wing of American politics calls anyone who disagrees with them racists, there is a major difference between Zionists and Jews when it comes to distinguishing politics from race.