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 ecb. Show all posts
Showing posts with label ecb. Show all posts

Monday, March 24, 2014

ECB creates new banking union to take control over all banks in Eurozone

On March 20, the European Central Bank (ECB) finalized a deal where they would create a new banking union, and have complete control over all banks in the Eurozone.  This new union would allow the central bank to determine the insolvency of any bank facility, and have to the power to bailout, or cease operations of even small or regional banks tied to a sovereign state or country.
European Union negotiators agreed on Thursday to complete Europe’s banking union with a new agency to shut euro zone banks that are too weak to survive and a fund to help cover the costs, according to a draft agreement.
The deal also envisages giving the European Central Bank the primary role in triggering the closure of a bank, making it harder for the new ‘resolution’ agency to do so and limiting the scope for country ministers to challenge such a move. - Economic Times

Read more on this article here...

Wednesday, October 16, 2013

IMF proposes a 10% tax on all bank deposits to pay for sovereign crises

First there was Cyprus, where upwards of 60% of all bank deposits were confiscated to bail out private bank insolvency.  Then came new initiatives by several countries, including Canada, New Zealand the the ECB, to take depositor funds and use them to bail out financial institutions during the next economic or monetary crisis.
And on Oct, 14, we have the IMF proposing a new 10% tax on all European depositors to help bail out the increasing sovereign debts that have only expanded in the Euro Zone since the credit crisis of 2008.
 
Read more on this article here...

Monday, March 25, 2013

Church to lose $100 million as EU and ECB forge policy to steal lawful deposits

As Europe rejoices on March 25 as the ECB and EU complete a program to save the banks of Cyprus, other institutions in the island nation are not so jubilant.  The church of Cyprus, which is part of the Greek Eastern Orthodox church, is expected to lose $100 million of their money, as the Euro Zone bailout plan intends to steal 40% of everyone's money over $100 thousand euros.



The Orthodox Church of Cyprus has lost over EUR100 million reacted to its holdings in Bank of Cyprus. Church leader Archbishop Chrysostomos II, in comments on TV, noted that "Cyprus asked for 'crumbs' compared to large size of Europe’s budget," and that those responsible in Cyprus should be punished (he blames the outgoing government, Ministers of Finance, the Central Bank, and the Executive Directors of Banks) - "those that brought the place into this mess, should sit on the stool." - Church of Cyprus via Zerohedge

The church joins with former Russian KGB and current FSB depositors who themselves are expected to lose over $7 billion of their money, simply because they stored it legally in banks that corrupt ECB officials used to purchase toxic assets, derivatives, and massive bonuses.



Funny how legal depositors can lose 40% of their money simply for being a good customer, but a bank like HSBC can earn 90% of their windfall for providing money laundering services to known terrorists, drug cartels, and international criminals.

Monday, November 26, 2012

Goldman Sachs has now completely taken over the Western world

It is official.  Goldman Sachs has now taken over dominion of the Western world.  On Nov. 27, Mark Carney, former head of the Bank of Canada, has officially taken over leadership of the Bank of England.  This now puts former Goldman Sachs employees in charge of most of the central banks in the Western economy, and in some cases, as heads of state for two European nations.


London is losing so much trust as the global financial center that Prime Minister David Cameron may need to consider an unprecedented choice for Bank of England governor: Mark Carney, the Canadian who polices the world’s financial system and has no ties to the bailouts or rigged markets tainting Labour and Conservative governments alike.

The 47-year-old Carney, who received his masters and PhD degrees from Oxford University, is no stranger to the City of London after working there with Goldman Sachs Group Inc. Now serving as governor of the Bank of Canada and the head of the Financial Stability Board, he is unscathed by the fallout from the 2008 financial crisis.

“Mark Carney is one of the brightest, most capable people I’ve ever met in global finance and central banking,” said Tim Adams, a former U.S. Treasury undersecretary who worked with Carney at Group of Seven meetings. “I’ve been around these circles a long time and he’s smart, politically savvy, a good manager and has an outstanding track record. It’s tough to find all those elements in a single person.” - Bloomberg via Zerohedge
With this appointment, Goldman Sachs former employees now control the US Treasury, the EBC, and the Bank of England.  Three of the four cornerstones of the Western economy and monetary system, and as seen in Greece and Italy, fully capable of appointing technocrats at any time to rule sovereign nations.

Thursday, March 22, 2012

The Mediterranean raping of gold continues as Turkey enters the scene

The one thing that is almost always confirmed when the banking cartels take over a nation by military, political, or economic means is that shortly after, the nation's physical gold reserves will be plundered and moved to secret locations outside the hands of the citizens who own it.



We saw this occur in Libya after the revolution that took place last year, and more recently in Greece, where the Troika forced a central banker (Papademos) onto the people, and quickly instituted a takeover of their gold holdings.

Now it appears that Turkey may be joining the gold takeaway movement as government officials are asking their citizens to trade their physical gold in for worthless fiat currencies so the psuedo-EU nation can use it as collateral to the central banks to pay off growing debt obligations.


The WSJ reports that "The Turkish government, facing a bloated current-account deficit that threatens to derail the country's rapid expansion, is trying to persuade Turks to transfer their vast personal holdings of gold into the country's banking system." The reason: "The push to tap into the individual gold reserves—the traditional form of savings here—is part of Ankara's efforts to reduce a finance gap that is currently about 10% of gross domestic product." In other words, "sequester" the population's hard assets (politely of course), and convert these to paper to fund the country's creditors, both foreign and domestic. Mostly foreign. - Zerohedge

For a system that continues to tell the world that gold is a 'barbarous relic', they sure are doing their utmost to rid nations of their yellow metal for their own benefit and accumulation.

Wednesday, March 14, 2012

Farage doing what he does best in calling ECB out for fake Greek bailout

You have to love a politician and banker who tells it like it is, and especially in the face of the banking cartels while they are forced to sit and listen to the rant.  Such are the ways of Britain's representative to the EU Nigel Farage, and today's blasting of the ECB's fake bailout of Greece is another classic in the annals of exposing the fraudsters.

Tuesday, January 10, 2012

The need for money is the root of many compromises

Hungary has become the latest Euro Zone nation to now be willing to compromise on sovereign rights to be eligible to get ECB bailout money in a change of course from prior defiance.

If there is any one more vivid confirmation of Mayer Rothschild words "Let me issue and control a nation's money and I care not who writes the laws" then we have yet to find it. Today Hungary, which had "valiantly" defied Europe and the IMF in ignoring pressure to make its central bank more "malleable" finally folded, following a recent explosion in its bond yields, a surge in CDS to records, and a collapse in its currency. And to think how easy it is to subjugate a state to slave status in our "globalized" days without shedding one drop of blood. Reuters reports: "Hungary's government is ready to consider modifying disputed legislation if the European Commission deems it necessary, Foreign Minister Janos Martonyi told the bloc's executive and European Union partners. - Zerohedge

The need for money many times outweighs the desire to be self-sufficent and rule your own people.  Or as the bible once pointed out, the borrower is slave to the lender.
Welcome to your new slavery Hungary.

Monday, January 9, 2012

Is Greece preparing for internal civil war or some other military incursion?

Zeit Online issued an interesting report on Greece, and how they have spent much of the bailout money they received from the IMF, ECB, and other EU sources.  It appears that the Mediterranean country has been buying military armaments including helicopters, frigates, and german subs.

In a story on Zeit Online, the details of the multi-billion Euro new arms contracts are exposed as the European reach-around would be complete with IMF (US) and Europe-provided Greek bailout cash doing a full-circle into American Apache helicopters, French frigates, and German U-Boats. As the unnamed source in the article notes: "If Greece gets paid in March the next tranche of funding (€ 80 billion is expected), there is a real opportunity to conclude new arms contracts." With the country's doctors only treating emergencies, bus drivers on strike, and a dire lack of school textbooks and the country teetering on the brink of Drachmatization, perhaps our previous concerns over military coups was not so far-fetched as after the Portuguese (another obviously stressed nation), the Greeks are the largest buyers of German war weapons. - Zerohedge

Whether the threat of an internal coup, or the ramping up of conflict with Turkey over Cypress is real, the real truth is that governments are obliged to themselves, not to the needs of their citizens, and is in many ways similar to the US in their continuous need to fund the military, even as people lose their homes and remain unemployed.

Saturday, January 7, 2012

As the Euro turns

Not more than a month after the US Federal Reserve tried to backdoor bailout Europe and the Euro by lowering the dollar swap-rates, the western currency has fallen well below its level at the time of the Fed intervention, and is falling towards the dangerous levels of 125.

Because of this inevitable fall, short action in the markets on the Euro is at an all-time, thus increasing the pressure on the Euro Zone, and the central bank's ability to purchase dollars.

The trend of relentless shorting of the Euro currency in the form of non-commercial spec contracts, and as reported by the Commitment of Traders, continues for one more week. As of January 3, EUR shorts rose by another 9%, hitting an unprecedented 138,909 net contracts short - a fresh all time record. What is curious that unlike previously, when an increase in EUR bearishness implicitly meant a increase in USD bullishness, this time that is no longer the case as net spec USD contracts actually declined, and are trading at relatively subdued levels. - Zerohedge

With this increased pressure on the downside, the markets are almost forcing the ECB and the Fed to intervene... and intervene soon.  These same short traders may very quickly reverse course if an whiff of QE3 comes to the forefront.

Thursday, December 8, 2011

Desperate central banks selling gold to protect dollar and Euro

As many investors have noted today, gold was hit hard after news from the Head of the ECB came out that they were lowering borrowing rates for the Euro.  Logically, this should have caused gold to spike upward, which brings in to question why it performed opposite its market nature.

Now we know.  News has surfaced that immediately after the ECB announcment, several central banks dumped gold on the markets, thus manipulating the price downward to protect the dollar and Euro.

It is one thing for conspiracy websites to indicate that the Fed or the global central bank cartel are doing everything in their power to manipulate the price of gold lower. It is something different when the 'reputable', Deutsche Boerse owned Market News does just that.
  • MARKET SOURCES REPORT BIS, BOE & FEDERAL RESERVE WERE SELLING GOLD AFTER IT POPPED TO SESSION HIGH AT GMT 1335 -MNI NEWS via BLOOMBERG
So much for all those sworn testimony claims that the central bankers do not manipulate the price of gold. - Gold Core via Zerohedge

Let us remember just how bad and how desperate the central banks are regarding the currency debt crisis.  If the MF Global scandal should teach us anything, those who print money will stop and nothing to keep the public in the dark, and the value of gold down to deny the worthlessness of the Euro and the Dollar.

Wednesday, November 23, 2011

Gold and silver prices in Europe climb even as JP Morgan downgrades them in the US

Gold and silver prices rose in Europe overnight, even as prices fell agains the US dollar, and JP Morgan downgrades of precious metals, and all commodities.

Gold is lower in all major currencies today except euros with euro gold having risen 0.25% to EUR 1,263/oz.

The euro came under pressure due to the surprise collapse in new Eurozone industrial orders which led to Germany failing to get bids for 35% of bunds offered. The German 10-year bund yield rose sharply from 1.92% to over 2.06%.

This is one of Germany's worst auctions since the launch of the Euro with the Bundesbank having to pick up nearly 40% of the 6 billion euros on offer.

The German auction in turn led to further weakness in European equity markets. Asian equity indices followed US equities lower after news of a new US bank stress test and then the poor Chinese manufacturing data.

Gold will be supported at these levels as the euro zone debt crisis continues to degenerate with the periphery increasingly affecting the core - leading to contagion. - Zerohedge

More than anything, gold will tell you the value of a fiat currency.  If the dollar gets stronger, as it has over the past month, gold will move down.  But, its indications right now of how bad the Euro and the entire Euro Zone are, should foresee much more room to grow, especially if the ECB is forced into monetization.