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 depositors. Show all posts
Showing posts with label depositors. Show all posts

Monday, January 16, 2017

World Gold Council official sees Chinese investment in metal soaring from depositors who have ¥22 trillion to spend

One of the primary reasons that Bitcoin saw a roller coaster ride over the past month was in large part due to Chinese depositors and investors using the crypto-currency as a mechanism to divest some of their Yuan denominated holdings to exchange them for assets in other currencies.  But even as the Chinese government starts to crack down on Bitcoin exchanges, a representative for China at the World Gold Council believes that this money could eventually funnel its way into physical gold.

The Chinese Have A Jaw-Dropping $22 Trillion In Bank Deposits – What This Means For Gold & China Bears

Chinese depositors have an estimated ¥22 trillion in cash held inside banks, and are looking for avenues to both invest and exchange out of in light of capital controls meant to keep the currency from offshore capital flight.  And with the Shanghai Gold Exchange emerging last year as the world's largest physical gold market, acquisition of gold by the Chinese people is not a very difficult concept to fathom at all.

It’s inevitable that fairly soon - possibly even by the end of the year - the renminbi will be a floating currency. Moreover, either on its own or as part of a basket of currencies, a floating renminbi will be at least partially backed by gold. In other words, China is on an inexorable course to exert an economic stranglehold on the East. The world will then likely have two reserve currencies, one for the East and one for the West. - Stephen Leeb via King World News

Monday, October 10, 2016

Following four bank bail-ins last year, most Italians are hiding their cash outside of banks and buying gold

With the global shock that the Cyprus bank bail-ins did to depositor psyches back in 2013, the media has gone out of its way to hide any news of bank insolvencies that might lead to runs on the banks.  And this includes four little reported bail-ins that took place in Italy just last year.

But with the growing threat of even more Italian banks becoming insolvent, and the Damocles Sword of Deutsche Bank threatening the entire European financial system, depositors in Italy are not waiting around for the next crisis to take place, and over the past year have been taking out their cash to hide in their 'mattresses' and buying physical gold as a hedge for what they believe is coming very soon.

People in Cyprus had to find this out the hard way in early 2013. People awoke on an otherwise normal Saturday morning to the shock that the money in their bank accounts had been taken by a bail-in to recapitalize the banks. 
Not surprisingly, many Italians aren’t just waiting around to get “Cyprused.” 
I recently spent weeks on the ground in Italy investigating the ongoing banking crisis. I spoke with a prominent lawyer who told me that most Italians are now distrustful of the banks. They’re keeping a substantial portion of their savings in cash under their mattresses. They’re also buying lots of gold. 
I’ve been to Italy numerous times over the years. But this time, I saw something new. 
There were signs everywhere advertising gold bullion, like the one below. 
I think it indicates a strong demand for gold and a strong distrust of the banks. It seems to me like a slow motion bank run is already happening. This is the last thing Italy’s banking system needs. It’s further bleeding the capital in the banking system. 
I only see the situation getting worse… 
Italians are rightly afraid of bail-ins. That fear is leading them to withdraw their savings as cash and also to buy gold. This further drains the banks’ capital, making it more likely they’ll need to do a bail-in to remain solvent, which fuels even more withdrawals. It’s like a self-fulfilling prophecy. - International Man

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.

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...