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 bank. Show all posts
Showing posts with label bank. Show all posts

Tuesday, February 28, 2017

After years of vilifying Bitcoin, now the Mainstream Media sees it as a savior for China's monetary system

First they ignore you, then they laugh at you, then they fight you, then you win.  These were the words of a famous revolutionary who used non-violent protest as the means to overthrow the British Empire from its hold over India.

Now in 2017 there is another revolution going on that is for the future of the world's money.  And where even as recently as three years ago the mainstream establishment media was both scoffing at and vilifying the advent of crypto-currencies and those who embraced them, on Feb. 27 that same mainstream media is now hailing Bitcoin as the potential savior for the monetary system of the world's second largest economy.

China’s new bank regulator, Guo Shuqing, is by all reports the reformer the second-biggest economy desperately needs. His 17 months as stock market watchdog served up so many directives so rapidly that traders called him “Whirlwind Guo.” 
He arrives on the banking scene at a moment when China’s financial system is in a whirl of its own. The immediate challenge - murky, debt-laden banks threatening China’s economic outlook - is well known. But a longer-term threat, an existential one, is landing along with Guo: a Chinese government version of Bitcoin that makes you wonder if the nation will even need banks in 10 years. 
In creating its own cryptocurrency, Beijing is taking the whole if-you-can’t-beat-them-join-them concept to new heights. Earlier this month, the People’s Bank of China sent shockwaves through Bitcoin circles by halting withdrawals and bringing the heads of cryptocurrency exchanges in for a good talking-to. Then last week, the PBoC announced it’s going digital in a big way. As China mints its own block-chain medium, will it ban Bitcoin transactions? Given the tight correlation between zigs in the yuan and zags in Bitcoin values, the PBoC’s entry could be a game changer - and not necessarily for the worse. - Barron's

Sunday, January 29, 2017

Signal or deception? Lady Rothschild tweets that gold is set to go higher

There are interesting dichotomies when it comes to investing, and often it can depend on which source one follows.  For example, entrepreneur and wealth coach Robert Kyosaki advocates that if you want to be rich, do what the rich do.  Yet on the other side of the token if you are a client of top investment bank Goldman Sachs you often receive tips and information that will make you lose money since the bank itself regularly bets against the advice they give to their customers.


So with this in mind it was rather interesting this evening when we noticed that Lady De Rothschild had tweeted out two days ago that gold is poised for a rebound and why it should go higher.
And yes, this is the same Lady De Rothschild that is part of the global banking dynasty, and close friends with Hillary Clinton.

In addition to the tweet, Lady Rothschild also cited an article by CNBC which forecasted that gold should have a pull back here at the end of January due to what is known as Quad Witching (options expiration, Fed FOMC meeting, Jobs Report, and China being off due to the week long Chinese New Year).
With the Lunar New Year holidays starting in China on Friday and markets closed next week, demand for gold will see a decline, the report said. Gold prices have drifted down a bit ahead of the Chinese festival. The precious metal is trading nearly 8 percent higher over a 12-month period but is down more than 6 percent since the U.S. elections. 
"We think gold's performance, as the typical Q1 seasonal demand fades, should provide a good gauge of investor sentiment towards gold at this point." - CNBC
One thing that is always certain regarding given advice no matter from which quarter of the market it comes from... the elite are always ahead of the game when it comes to buying investments and quite often will only drop hints on what they believe assets will do only after they already have bought their desired stake in the stock, bond, or commodity they believe (or wish) will go higher.

Tuesday, November 15, 2016

Got gold? Italy's Monte dei Paschi bank begins bail-ins for bond holders

Bail-ins can no longer be said to be limited to just Cyprus now as on Nov. 15, a major Eurozone country just facilitated the confiscation and subsequent haircut of bond holders owning the bank's subordinated debt.

Italy's albatross, and the world's oldest operating bank which goes back to the days before the discovery of the New World, was finally forced to capitulate to stave off insolvency by cutting staff and conducting a bail-in of certain bond-holders of the bank's debt.

Ever since the bank failed the ECB's latest stress test this summer, when it was advised that it needs to raise billions in capital, only to see the process fizzle with virtually no willing sources of new cash emerging due to the opaque labyrinth of the bank's bilions on NPLs, Italy's third largest, most insolvent, bank has been hoping to avoid a debt conversion, out of fears it may spook retail bondholders across the capital structure, and in other Italian banks, who may perceive the move even if touted as "voluntary" as a creditor bail-in. Which it technically is. 
Earlier today, the bank's board bet on Monday to set the terms for a bond-to-equity conversion that is part of the lender's capital boosting plans. As part of its sweeping restructuring, Monte Paschi was planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call, its third recapitalisation in as many years. The key part, however, due to the lack of new investor interest was the previously leaked voluntary conversion of its subordinated debt, whose successful execution would limit the amount of new funds needed.
So while we wait to learn if Monte Paschi will be successful in raising the critical outside cash, here is what Monte Paschi's bail-in, pardon debt conversion will look like, according to sources including Ansa, Bloomberg and Reuters: 
  • Monte Paschi approves voluntary debt-to-equity swap offer
  • Offer to target subordinated bonds for total outstanding amount of 4.289 billion euros; will offer between 20-100 percent of nominal value in bond swap offer
  • Holders of ~€4.5 billion of subordinated bonds will be able to convert them to shares
  • Bank is also considering possibility of launching conversion into equity of 1 billion euros of Fresh 2008 bonds
  • Senior bonds not included in the voluntary conversion plan
  • The bank is also considering conversion plan for EU1b of hybrid bonds
  • The conversion price is seen at 85% of nominal value for riskier Tier 1 bonds, according to Ansa sources.
  • The Conversion price is seen at 100% of nominal value for less risky Tier 2 bonds
  • Monte Paschi will acquire €700m of MPS Capital Trust II securities, also Tier 1, at 20%
  • It will also acquire seven series of BMPS subordinated debt at 100%
Offer open to investors classified as “qualified investors” only for Upper Tier 2 securities - Zerohedge
Monte Dei Paschi is not the only European bank experiencing insolvency issues, but they could be opening the door for institutions like Deutsche Bank to have to follow suit since EU rules negate the possibility of a government funded taxpayer bailout.

When you take into account what occurred late last week in India, where their government abruptly eliminated higher denomination bills to attempt to force their citizens to keep their money solely in a bank, and couple this with the instability of banks all across Europe, the world is once again teetering on the potential of another credit crisis, only this time it will be your money that is used to bail them out unless you learned the lessons of 2008 and have your wealth stored in something much more tangible.

Got gold?

Saturday, August 13, 2016

Got gold? German bank to issue a .04% charge to depositor accounts starting in September

Beginning in September, the first German bank, Raiffeisen Gmund am Tegernsee, will start charging some deposit holders a fee of .04% for monies they hold in accounts within their institution.

Back in June both the European Central Bank (ECB), and shortly after the German Bund, went into negative interest rates, meaning buyers of securities within these two entities would end up receiving less money when their securities reaches maturity.

And as negative interest rates continue to implode the European and Japanese bond markets to the tune of over $14 trillion, banks are now starting the process to charge their own retail customers for holding their money in these banks.

Earlier this week, Raiffeisen Gmund am Tegernsee, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee, with a population 5,767, finally gave in to the ECB's monetary repression, and announced it’ll start charging retail customers to hold their cash. 
Starting September, for savings in excess of €100,000 euros, the community’s Raiffeisen bank will charge a 0.4% rate. That represents the first direct pass through of the current level of the ECB’s negative deposit rate on to retail depositors. 
“With our business clients there’s been a negative rate for quite some time, so why should it be any different for private individuals with big balances?,” Josef Paul, a board member of the bank, told Bloomberg by phone on Thursday. 
The good news is that “as it looks today, charges on deposits won’t be extended to customers with lower amounts” than 100,000 euros. However, that may (and likely will) change at any moment. - Zerohedge
With nary a paper investment available to provide investors and savers a return, or even protection for their money, the only alternative remaining to keep from losing everything to central bank and government policies is to move wealth into physical gold and silver.

Monday, July 18, 2016

Russian bank monetizes on Pokemon Go fad as it prepares to offer accident insurance

The Pokemon Go phenomenon is one where average people are turning into the equivalent of Black Friday zombies, and quickly losing sight of their surroundings in the attempt to capture virtual creatures on their smartphones.

ZombieMon Go | ZombieMon Go | image tagged in zombies,zombie,pokemon,pokemon go | made w/ Imgflip meme maker

Image courtesy of Stevecutts.com

In the week or so that the game has been active, there are numerous reports of players being hit by cars on roads and freeways, being arrested for trespassing on the private and business property, and some even finding themselves molested by thieves and muggers as these incidents are just a few of the consequences that playing the game has created to put individuals in harm's way.
And while the game has become a global experience to millions of people, Russia is mulling over placing a ban on the Pokemon Go app due to its ability to co-opt one's Google account and personal information.  But until that occurs one bank there is seeing an opportunity to monetize on the Pokemon craze, and is offering insurance for people who might find themselves injured or worse while chasing a virtual Pokemon up and down the street.
Pokémon Go players in Russia are being offered free insurance in the event of injury while using the popular app. The country's biggest bank Sberbank is giving clients 50,000 rubles (about $800) worth of cover, Kommersant daily reports. 
“Given the fact that some countries have reported injuries of players who were catching Pokémon, we have developed a special product that will be free for players,” said the CEO of Sberbank Life Insurance Maksim Chernin. 
Compensation will depend on the severity of the client’s injury. Insurance cards will be given out for free, according to the media. Pokémon Go users will just have to visit a landing page and fill in the nickname, real name, birthday, location and e-mail. 
“It is also important for us that the project will improve financial literacy, as the younger generation will be able to learn about insurance instruments while playing the game,”Chernin added. - Russia Today

Tuesday, May 31, 2016

U.S. Postal Service could create own crypto-currency as they study the blockchain for corporate use

Blockchain technology is a revolutionary advent which has opened the door for a return to peer-to-peer transacting after decades of centralized control.  In fact, besides the most well known use of the blockchain through the crypto-currency called Bitcoin, banks such as J.P. Morgan are coordinating with a former employee (Blythe Masters) to help expand the digital construct into applications which could be used in the financial sector.
But the blockchain also has attributes that go far beyond just banking, and one agency is now looking at the technology to help them with their own business model, even going so far as investigating whether a unique crypto-currency could be feasible for use by the U.S. Postal Service.
postal volume
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Monday, May 16, 2016

Major banks desperate for liquidity want you to open new accounts

An interesting thing happened along the way to insolvency for major banks dependent more upon zero interest rate borrowing from the Fed than from everyday depositors.  And that being, the banks now desperately want your money and are willing to pay for it.
Within the past few weeks, both Goldman Sachs and Deutsche Bank are offering between 1-5% yields for simple savings accounts when for the past seven years depositors were not only receiving less than 1%, but the days of free checking were now long over.
Deutsche-Bank
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Sunday, May 8, 2016

FDIC closes third bank of 2016 in King of Prussia, Pennsylvania

On May 6, the FDIC closed down their third bank for 2016 as First Cornerstone Bank shuttered its doors.  This institution is the second bank failure in the past two weeks, with Trust Company Bank being closed down by regulators in on April 29.
This bank failure is also the first for the month of May, and brings the overall number of bank closures in 2016 to 3.
5/6/2016 *** Pennsylvania *** King of Prussia *** First Cornerstone Bank *** $10.8 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $10.8 million.
abc_banks_money_090719_mn
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Sunday, May 1, 2016

FDIC closes second bank of 2016 in Memphis, Tennessee

On April 29, the FDIC closed down is second bank for 2016 as Trust Company Bank shuttered its doors.  This institution is the second bank failure in the past two months, with North Milwaukee State Bank being closed down by regulators in March.
This bank failure is the first for the month of April and brings the overall number of bank closures in 2016 to 2.
4/29/2016 *** Tennessee *** Memphis *** Trust Company Bank *** $7.2 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $9.6 million.
abc_banks_money_090719_mn

Monday, April 25, 2016

Hong Kong gold exchange expanding into Chinese free trade zones

With the establishment of a new gold price mechanism at the Shanghai Gold Exchange earlier this week, the wheels are now being set in motion for expanding the use of gold and gold services throughout every part of China’s dominion.  And on April 24, the Hong Kong gold exchange teamed up with the world’s second largest bank, the Industrial and Commercial Bank of China (ICBC), to launch physical gold exchange services in the first of many free trade zones.

China has already announced that all along the new Silk Road, and in free trade zones that they are creating with local and international partners, banking facilities would be constructed to aid in both trade and commercial investment, which over time would promote the use of gold in the process.

Tuesday, March 15, 2016

New documents released show Financial Crisis Inquiry Commission was created to protect criminal banks

What do the Warren Commission, the 9/11 commission, and the Financial Crisis Inquiry Commission all have in common?  They were formed by the government to protect the actual criminals involved in these crimes and instead scapegoat others to try to appease the public.  And thanks to new documents released from the commission created following the 2008 Credit Crisis, we see that not only did the Obama administration fail to indict criminals from the banking sector who defrauded the American people, in many cases they even abetted their crimes in a quid pro quo masquerade of fines and payola.
And of course this led to then Attorney General Eric Holder, a Wall Street lawyer with massive ties to the banks and entire financial industry, to make the fallacious claim that the banks were ‘took big to jail‘, and ignored FCIC recommendations for prosecution in favor of small fines that allowed the participants to never answer for their crimes, and in fact, to keep on perpetrating even more.

Saturday, March 12, 2016

FDIC closes first bank of 2016 in Wisconsin

On March 11, the FDIC closed down is first bank for 2016 as North Milwaukee State Bank shuttered its doors.  This institution is also the first bank failure in over five months, when Hometown National Bank was shuttered last October.
This bank failure is the first for the month of March and brings the overall number of bank closures in 2016 to 1.
3/11/2016 *** Wisconsin *** Milwaukee *** North Milwaukee State Bank *** $9.6 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $9.6 million.
abc_banks_money_090719_mn

Tuesday, October 27, 2015

Got Karatbars? India starts to coerce its people to give up their gold as Turkey expands gold savings accounts

For those who continue to listen to the mainstream media and think that gold is nothing more than a barbarous relic, then they are missing out on the explosion of gold based monetary programs that are expanding rapidly in many other parts of the world.  In fact, in a comparison of two nations, one that is working hard to get gold into their hands of their people, while another is working to divest that gold to shore up their indebted banking system, the paradigm shift back into gold as money is growing incredibly fast.
When stripped of its pompous rhetoric, what India is offering is simple: a gold-for-paper exchange, which however in a culture where gold has been the definition of money for centuries, would likely be a non-starter from the beginning. One look at the chart below showing Indian gold demands is sufficient to show just how ingrained in the Indian psyche gold has become. 
The one thing to watch for is a shift in the posture of the Indian government: for now participation in the gold monetization scheme is voluntary, and largely geared to the general public with the 500 gram/year limit. But if and when the Modi cabinet starts "urging" the population, and certainly when threats of fines and/or prison time emerge, that is when we will finally have confirmation that the second coming of Executive Order 6102 has arrived. 
Fast forward to this weekend when while we still await the Indian government to unveil the "threats and fines" part, it started the "urging" when during an address on his monthly radio programme of "Mann Ki Baat", Indian prime minister Modi "exhorted people to help convert gold to the nation's economic strength by joining in various schemes to be launched soon" adding that "gold can be converted from dead money to an economic force. To leave gold lying as dead money is behaviour not in sync with the modern times," he said. 
Still, Modi was at least truthful in noting that accumulating gold as a form of economic security is deeply rooted in India's social tradition; as a result we expect the threats of fines and incarceration to follow shortly. 
For those who are unfamiliar, the Khaleej Times reminds us of the details of India gold monetization plot: 
Earlier in the week, the Reserve Bank of India issued norms for implementation of the gold monetization 
As for the motives, we have covered them before, but here they are again: "the objective of the scheme is to mobilize gold, give a fillip to the gems and jewelry sector by making the metal available from banks on loan and reduce the reliance on imported gold." 
In other words, to take it away from the population. - Zerohedge
Like what China, Russia, and other Eastern/Eurasian countries have already discovered, gold will soon be the cornerstone of the next financial system, and India is desperate to regain their reserves after years of selling it off to their peoples.  But unlike what is going on in India and in most Western banking facilities, one Middle Eastern nation is doing just the opposite, and is providing their people a way to not only buy gold conveniently and easily, but to help transition their savings into a gold backed plan.


Turkey has created ATM machines that consumers can use to purchase gold directly from their fiat money, and they have also created new savings plans where the population can trade their money for gold, and spend/save it as if it were regular money.

But since most of the world doesn't reside in Turkey, is there an alternative we can use to not only trade our currencies into gold and real money, save it outside of a banking system that could threaten their people with confiscation (As India is doing), and have access to it with the click of a mouse or swipe of a smartphone to use as we see fit?

The answer lies in a company called Karatbars.




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Friday, May 8, 2015

FDIC closes first U.S. bank in nearly 3 months bringing total number in 2015 to 5

Edgebrook Bank, located in Chicago, IL, was closed down by the FDIC on Friday, May 8.  This bank failure is the first one for the month of May and is the fifth overall bank closure for 2015.
5/8/2015 *** Illinois *** Chicago *** Edgebrook Bank *** $16.8 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $16.8 million.
 

Sunday, April 26, 2015

J.P. Morgan Chase accelerates war on cash by disallowing customers to keep money in safety deposit boxes

First it was a policy of reporting anyone who deposits or withdrawals more than $10,000 in cash.  Then a chief economist from Citigroup calls for the abolishment of cash entirely.  And now on April 21, J.P. Morgan Chase is unlawfully enacting a new policy where customers cannot store cash in their safety deposit boxes, nor will the bank allow customers to use cash to pay on debts such as credit cards, mortgages, equity lines, and auto loans.
There is a war on cash going on in the U.S. banking system, and at the heart is the desperate need for the financial system to go entirely electronic since manipulation of the monetary system can only be fully employed if the banks no longer need physical money on deposit or onsite.
 

Wednesday, January 7, 2015

New Zealand signs on to join Chinese World Bank alternative

On Jan. 5, New Zealand became the 24th nation to sign on and join as a founding member the Asian Infrastructure Investment Bank (AIIB) which will act as an alternative to the Western run World Bank.

The AIIB is a brain child of the new Chinese expansion in Asia, and will act in a duplicate function to the IMF and World Bank, but without the forced austerity and political measures demanded from the Western led monetary agency.  The AIIB also joins with Russia’s new SWIFT mechanism and paves the way for a future global trade system that runs outside the dollar and the U.S. dominated reserve currency.


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Tuesday, February 4, 2014

Millionaire Harvard economist pulls money out of bank from fear of Fed policy

There is an old axiom in the world of stock markets, which is, you cannot catch a falling knife.  This analogy refers to the fact that when a stock or entire market begins to sell off, it is usually the insiders and big fish who are able to get their money out by making the first moves, while everyone else attempts to sell with few buyers and in the end, lose their shirts.
It is the same way in banking, where institutions hold very little of the their total deposits in-house, and when a bank run starts, only the first few people are able to get their money out.  So when a Harvard economist with over a million dollars in a big bank publicly chooses to take it all out, then every other depositor needs to take this warning seriously as trust and confidence in the banking system continues to fade.
 

Sunday, December 8, 2013

Europe confirms bank bail-ins to be used during ‘Future of banking’ conference

Irish Finance Minister Michael Noonan confirmed that bank bail-ins will be used throughout Europe during a major conference of financial leaders on Dec. 3.  In a meeting known as ‘The Future of Banking in Europe’, ministers from countries throughout the Eurozone voted on a number of programs that could be implemented to stave off the next round of bank crises, with direct confiscation of depositor accounts overwhelmingly finding approval.


Read more on this article here...

Monday, October 28, 2013

Guerrilla Economist: All Western banks are defaulting right now

On Oct. 28, economist and former head trader for the Royal Bank of Scotland (RBS) issued a update on the state of the global financial system in which he declared that that every country is in a currency war frenzy, and that all institutions in the Western banking system are defaulting right now.

"What I am now going to state is going to shock you, the reason that every one in the west in involved in currency debasement/ currency manipulation is this: THE ENTIRE WESTERN BANKING SYSTEM IS DEFAULTING!!!! Yes you read that correctly, the west can no longer pay the piper and now they are going to debase their currencies in order to walk away form their debt obligations, making it easier for them to pay off their debt..."



Read more on this article here....

Tuesday, September 17, 2013

Cyber attack warning: Banks beginning to delay payrolls and have extended electronic outages

On Sept. 16, a former head trader with the Royal Bank of Scotland (RBS) issued a new warning that a cyber attack on the banking system is a real and probably threat in light of the many recent electronic outages and delays in payroll processing.  Known under the pseudonyms V and the Guerrilla Economist, this high level insider has warned of  impending cyber attacks meant to mask liquidity and financial problems that threaten the entire banking system.



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