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 greece. Show all posts
Showing posts with label greece. Show all posts

Tuesday, February 21, 2017

Germany remains at the center of the new Greek financial crisis as minister demands Greeks provide gold to backstop bailout

As the German government continues to prove more and more that they are the real controllers over the European Union, on Feb. 21 a minister in Germany's government publicly called for Greece to start putting up collateral, including gold bullion, if they want to receive the next tranche of bailouts to help their beleaguered system.

Image result for give me your gold
Bavaria's 50-year-old finance minister Markus Soeder was previously named by German weekly Der Spiegel as one of the Ten Most Dangerous European Politicians (defined as "every politician who is resorting to cheap populism in order to rack up domestic political points"). 
For the Greeks, this may well be true. 
According to an interview with Bild, the CSU politician said that: 
...new billions should only flow when Athens implemented all the reforms.  Even then however, aid should only be given against a pledge "in the form of cash, gold or real estate" - Zerohedge
For anyone who doesn't think gold is money, just ask the Germans who have not only repatriated much of their offshore reserves in recent weeks, but are now demanding that EU debtors put up their own gold holdings to continue the scheme of enslavement to the Troika printing press.

Wednesday, February 15, 2017

Bitcoin use surging in countries who have bad monetary systems, or large outdoor market environments

The tale of Bitcoin and other crypto-currencies has become two-fold.  First, it is a potent medium of exchange for high net worth individuals who want to transfer wealth from one currency to another. And secondly, it has functioned as originally intended in places like Venezuela and Morocco, where governments have either destroyed their own sovereign currencies through bad monetary policies, or where large outdoor markets facilitate the use of cash in the majority of their transactions.
On February 2, Venezuela's leading bitcoin exchange, SurBitcoin, was forced to suspend operations when its bank account was revoked. According to Rodrigo Souza, who runs SurBitcoin's trading platform, the bank closed the account in anticipation of a nationwide crackdown on bitcoin use in Venezuela after the police raided a warehouse with 11,000 mining computers. SurBitcoin is in talks with other banks, and hopefully it will be operating again soon. 
As he predicted, SurBitcoin's closure has led to a surge in peer-to-peer trading. LocalBitcoins, a site where users connect to buy and sell bitcoins, makes its trade volume public through an API. (See the chart below.) Last week, 464 bitcoins were exchanged in Venezuela on LocalBitcoins, the equivalent of nearly $470,000 dollars based on today's price. That's close to a 50 percent increase in volume since SurBitcoin stopped operating. (LocalBitcoins' previous trading volume peak was 377 bitcoins the week of October 15, 2016, but, at the time, bitcoin was worth almost 40 percent less than it is today.) - Reason
LocalBitcoins Venezuelan volume (BTC) |||

Bitcoin and other cryptocurrencies use are spreading rapidly in the Kingdom of Morocco on the blind side of the global Satoshi community. Professional crypto trader and developer, Aziz Elmi estimates that more than $200,000 of Bitcoin trading is done daily under the radar in his native Morocco. 
Elmi is a leading member of the crypto community in his country with a huge following and the main developer of AtlasCoin, one of Africa's only two cryptocurrencies. He is positive Morocco has a lot to offer to the digital currency world.
Morocco's unwillingness to open up enough to the rest of the world may account for the silent revolution that is going on there. Some pundits think Morocco might be ahead of some of the countries in Africa. Morocco is perceived as leaders in Bitcoin adoption, like Kenya, Ghana and even Nigeria. 
There is the general confidence in the Moroccan cryptocurrency community that there is great potential in their IT arena, especially in cryptocurrency coding and trading. This combined with the huge investments they are making will advance the Kingdom to be at the forefront of adoption in Africa, if the government will regulate the sector fairly. 
“More people and merchants are gradually integrating Bitcoin and other altcoins in their daily lives by accepting payments via Bitcoin. We believe the government should, therefore, intervene accordingly so as to regulate the circulation of Bitcoin reasonably," Elmi proposed. - Coin Telegraph
Bitcoin was created as a way for individuals to function in the global financial system without having to deal with devaluing sovereign currencies, or centralized control over money by governments and central banks.  And in the end crypto-currencies like Bitcoin and others will flourish more in most non-G20 economies, and most likely could have aided individuals in places like Cyprus and Greece when their own banking systems and economies collapsed over the past seven years.

Tuesday, February 14, 2017

Trump could drive a dagger into the heart of the EU should he get Greece to dump the Euro for the dollar

With Greece once again rushing to the forefront of events within the European Union over their never ending debt crisis, political and economic analysts directly point to the Southern European nation as the catalyst that could end the Euro currency experiment forever.

And ironically the Black Swan that could bring about not only an end to the Euro, but perhaps even put a dagger in the heart of the EU itself, is Donald Trump and his version of dollar diplomacy.

Image result for trump vs the european union
Donald Trump's pick for EU ambassador Ted Malloch claimed senior Greek economists are looking into taking on the American banknotes if the country turns its back on the European currency. 
Due to Greece's crippling financial crisis, officials are said to be desperately searching for an alternative to the Eurozone, which would 'freak out' Angela Merkel, according to Malloch.  
Prof Malloch was interviewed on Greek TV, where he said Greece leaving the EU would be the best option for residents, and added the current situation is 'simply unsustainable'.
'I know some Greek economists who have even gone to leading think tanks in the US to discuss this topic and the question of dollarization,' he said, according to local press.
 'Such a topic of course freaks out the Germans because they really don't want to hear such ideas.' 
The likely candidate for the Brussels envoy job has previously stated he expects the Euro to crash by 2018. - Daily Mail
Three years ago, when Greece fought their last debt battle against Germany and the EU Troika, it was Russia who offered to backstop Greece should they choose to leave the EU and default on their sovereign debt.  But that was back in 2013 when Barack Obama was President of the United States, and now the entire environment has changed since President Trump is a staunch supporter of seeing the European Union breakup for a return to nationalism.

Image result for greece should dump the euro

The Euro currency is already doomed to die, and for European nations currently reliant upon the continental currency for their monetary system it may be a case of the first ones out the door will have the benefit of making the best deals.  And this assessment has already proven accurate for the UK following their Brexit from the EU, and now it is upon Greece to make their most important decision on whether to start anew with a chance at a better future, or remain slaves to Brussels and lose everything when the Union and currency collapse whether they leave or not.

Saturday, January 7, 2017

War on cash in Greece, Australia, India, China, and Venezuela opening door for need to have gold and Bitcoin

2016 was the year where economic 'experts' dropped hints in newspaper op-ed's and university white papers on how governments needed to eliminate cash to sustain the debt bubbles central banks had created through their absurd monetary policies following the 2008 financial crisis.  And while many individuals pushed off the idea of banning physical cash as hyperbole and 'ivory tower' nonsense, by the end of the year at least three countries had begun testing this option, with two more implementing capital controls to achieve the same thing here in early 2017.

Image result for war on cash

In late November, India's Prime Minister Modi issued a sudden mandate where the largest two denominations of currency were being completely absolved, and that the people had until December 15 to turn in their bank notes for new script.  This led to an economic revolt where most people tried to exchange their money for gold or gold jewelry, shooting up the price in some cases to around $3600 per ounce.

This move in India was soon followed by the country of Venezuela, where President Maduro called for the elimination of the $100 Bolivar note to try to keep the Venezuelan people from using their near worthless money to buy food and other goods from neighboring Columbia.

Yet the questions one has to ask are, were these moves independent of one another, or were these nations being used as test cases to see how the public would react to restrictions on owning and using cash?

If we put these inquiries on the back shelf for the moment to look at two other nations instituting restrictions on cash through differing forms of capital controls, the most important focus should be on the reactions of the people to their governments restricting their ability to do as they please with their money, and in what assets they are moving into to escape those restrictions.

That answer of course is the movement of wealth into both gold and Bitcoin.

Image result for gold and bitcoin

In the case of India, people looked towards their long-standing tradition of physical gold, and helped created shortages as they lost nearly all confidence in their fiat money itself.  But over in China, where the government instituted capital controls restricting the offshoring of money in an attempt to counteract growing liquidity problems in their banking system, investors and individuals looked to Bitcoin as the quickest and most liquid way of transferring their Yuan into some other currency or asset outside their borders.

Heading into the second week of the new year, two additional countries are preparing to join in the war on cash and put their own peoples to the test on whether they will accept the elimination of cash, or if they will rebel en masse to this loss of economic freedom.  And for both Greeks and Australians, the coming days will see what their reactions will be and if they too will seek solace in alternative forms of money, or if they will simply accept the inevitable and quietly cede their personal sovereignty to function under a digital system run at the political whims of their governments.

Monday, November 28, 2016

Newest banker scheme: tax on withdrawing money from your bank accounts

Despite the fact that taxpayers bailed out banks in the U.S. and around the world following the 2008 financial crisis, the 'masters of the monetary universe' did little to show appreciation for the people that saved them from bankruptcy due to their own greed and corruption.  And even with the ability now to borrow money from central bank discount windows at or near zero percent interest, a large number of banks chose to impose new fees on their customers under the guise of re-capitalization.

Ironically, when companies impose a charge on individuals for a service it is known as a fee, but when a government does the same it is instead called a tax.  And that is exactly what India, Greece, and perhaps soon even the United States is, or is planning to do, for people who choose to withdrawal cash out of their bank accounts in the future rather than using digital constructs to perform commerce.

war-on-cash
Greek banks have proposed a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy, and as KeepTalkingGreece.com reports, one of the measures proposed is a special tax on cash withdrawals. 
Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy. 
The bankers suggest that also credit and debit cards as wells as new technologies enabling cash-less transactions even for small amounts  and mobile phones can be used for the purchase of a transport ticket or a newspaper at the kiosk. 
The bankers proposal to the government also includes: 
-Mandatory use of cards or other electronic payment networks for every transaction with professions where there is strong evidence of tax evasion or where cash is mainly used [ like bakeries, kiosks, street vendors and chestnut sellers?]. 
-Mandatory use of cards or electronic networks for transactions above a certain amount [this measure is already in effect]. 
-Reforming the tax system by introducing a revenue-expenditure system. Households or professionals will only be taxed on the amount of income that is has not been spent. In this way, households and professionals will have a strong incentive to seek receipts for any expenditure in order to increase their expenditure and reduce the tax amount they will have to pay. 
-Obligation for all businesses and regardless of their size to pay electronically every salary and wage. (source: Kathimerini via Liberal.gr) - Zerohedge
Over in India, Prime Minister Modi has already implemented a 45% transaction tax on deposits that the government arbitrarily believes come from illegal or 'black market' commerce.  And these two countries (India and Greece) are not the only nations with plans to impose a tax on cash withdrawals as this has been in the works for a few years in the halls of the Fed and Congress.

Greece is the first country to push for a carry tax on physical cash. It won’t be the last. This policy has been floating around in Central Banking circles for years. The fact that it’s now being openly promoted only proves how desperate the elites are getting about the state of the financial system. 
Watch, the moment things turn south in the US in a big way, similar proposals will start cropping up here too.

Monday, June 6, 2016

Brexit vote in two weeks could be major catalyst for next rise in price for gold

A few years ago, analysts suggested that the specter of a Greek exit (GREXIT) from the Eurozone would cause such pressure on the Euro currency that gold prices could have risen to $2000 per ounce and over their all-time highs of just a few years before.  But since a Grexit did not take place, and the Greek government capitulated to the Troika, it was a major stumbling block for the metal and allowed central banks to continue the status quo of pumping their fiat currencies and shorting gold to their own record levels.

But things have changed over the past two years, and these include a very close referendum for secession by Scotland, a de-pegging of the Euro by Switzerland, and coming up in the next two weeks is another exit vote for an EU nation which analysts also see as a potential trigger for the next leg of the gold bull run.

By all but ruling out a rate rise in June, this leaves gold in a great position to head up to $1,400 in our opinion. The reason? The Brexit. The vote is just over two weeks away and the latest figures reveal that the vote for leaving has edged ahead by three percentage points. A lot can change between then and now, but if it stays the same way we think that the week leading up to the Brexit vote could be awfully volatile for financial markets across the world. This could lead many to seek safe havens, and what better safe haven to jump into than gold? - Seeking Alpha
In times of turmoil, gold has by far been the most go to asset for stability and protection of wealth.  And at stake is more than simply a country looking to remove itself from a coalition that is changing rapidly from a monetary and trade union into a political and social engineering one, but a rejection of the Eurozone concept itself, and the currency created to merge Europe under a single monetary banner.

Tuesday, May 31, 2016

Is Putin riding on Greece to help end the sanctions against Russia from the EU?

Ever since the U.S. imposed economic sanctions on Russia in the early part of 2014, the European Union has followed Washington’s policy like a lapdog or a vassal state.  But the effects of these bi-lateral sanctions have caused immense strains between the political and economic segments of each nation within the EU, culminating in numerous protests, strikes, and even rises in new radical political parties.
However, the EU has one interesting format in which Russia could potentially exploit, and that is that every treaty, act of war, or sanction must be ratified unanimously by all member states within the Union.  And the crack by which Vladimir Putin could use to break the coalition has always been Greece.
Greece is an EU nation that has been brutally crushed by the likes of Germany, the IMF, and the oligarchs in Brussels.  And their ongoing six years of forced austerity is derived primarily from onerous loans forced upon them by banks such as Goldman Sachs, and corrupt technocrats assigned to run Greece following the 2008 financial collapse.  Thus a growing hatred of both Germany and the European Commission by the people of Greece is a door right now being used by Russia to break just one country that could stand up and reject the renewal of sanctions against them when they come up for a vote in June.
Putin
Read more on this article here...

Monday, April 4, 2016

IMF discusses creating a financial collapse event in Greece according to new Wikileaks report

In the continuing saga of Eurozone financial difficulties, Greece continues to be the linchpin for the economic Troika of the IMF, European Commission (EC), and European Central Bank (ECB) to hold the line against sovereign nations potentially defaulting on their debts and subsequently exiting from EU control.  And in a new Wikileaks data dump on April 2, it appears that members of the IMF were caught discussion the creation of a financial collapse event in Greece to force the government to succumb to the wills of the Troika.

WikiLeaks

Read more on this article here...

Friday, December 18, 2015

Thomas Jefferson was right again as Germany takes over Greek infrastructure because of debt

Founding Father Thomas Jefferson once said, “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”  And in a sad but interesting 21st century version of this prediction over in Europe, Germany has used Greece’s odious debt to take over several Greek airports.
Most of Greece’s nearly $300 billion in debts owed to the ECB, IMF, and foreign sovereign banks like Germany came from defaulted bonds that were originally purchased by private institutions, who then used the central bank to force Greece to cover the debt by borrowing from them.  And since the Credit Crisis and Great Recession made it impossible for Greece to even remotely pay off these loans, the end result is now Greece having to sell the rights to their own infrastructure, and to the very debtors who refused to negotiate a settlement earlier this year.

Read more on this article here...

Thursday, December 10, 2015

Germany and the ECB turn Greece into new Weimar Republic

In the 1920’s, the combination of Germany’s defeat in World War I, and the impressed war reparations put upon them by the allied leaders, led the European power to enter a phase of hyper-inflation the world had rarely seen up until that time.  And the economic devastation was so great, it not only led to the rise of a brutal dictator, but is also used today as an adjective to describe monetary systems that decline into a currency collapse.
But following World War II and the creation of a new global monetary system based on the dollar, central banks in the West were supposed to have the tools to never allow a Weimar event to ever occur again.  But perhaps in the most ironic of circumstances, one European nation stands on the cusp of a return to Weimar like hyper-inflation, with one of the main culprits pushing them over the precipice being Germany.

Read more on this article here...

Thursday, November 12, 2015

EU unofficially becomes a political union after threatening to cut off funds to Portugal

Earlier this year, the European Union’s economic arm fought tooth and nail with Greece over their massive amounts of sovereign debt that hung in the balance between default, and restructure.  In the end, the Troika won out over the Syriza government, and money began to flow back in only after austerity measures were increased against the Greek people.
And a little less than six months later, the EU is once again attempting to use their power on a sovereign country to force not only monetary policies on the people of Portugal, but perhaps now a political one as well as on Nov. 10, the European Central Bank threatened to turn off the Euro spigot to the Southern European country for their temerity in voting out an EU friendly government and replacing it with a Marxist one.

Read more on this article here...

Wednesday, October 14, 2015

Following Greek elections, government imposes new capital controls on public workers and retirees

Less than three weeks ago, the people of Greece willingly voted to keep the Syriza party in power, despite the fact they had to know that this would mean further austerity measures already crushing the economy after five years of such measures.  But for those who chose to take one taskmaster (austerity) in exchange for another (default), the consequences of this choice is now beginning to emerge.
Civil servants, or those working for the government, along with retirees receiving pensions will now experience a program of capital controls which will limit their ability to withdrawal large amounts of cash from banks or ATMS.  In fact, this new policy will only affect public workers and retirees as regular citizens will be able to withdrawal greater amounts than what is being proscribed to civil servants.

Saturday, August 22, 2015

Greece to have 1000 Bitcoin ATM’s installed as corrupt banking forces alternatives

With the final vote made last night to accept the parameters of the Greek bailout deal, the people of Greece are expected to have to endure another decade of high unemployment, capital controls, low GDP, and of course austerity.  But as with most societies that finally recognize that their governments and financial systems no longer work for their benefit, the rise of black markets and alternative means of commerce rise as an example of necessity being the mother of invention.
And besides the ongoing TEM currency that has been functioning in the Greek economy for close to a decade now, those in the Bitcoin community have partnered up with a service provider of the crypto currency, and are expected to install 1000 Bitcoin ATM’s all across the beleaguered European nation.

Tuesday, August 18, 2015

Yes Virginia, contrary to ECB rhetoric there will be a Greek depositor bail-in

After Greece changed course back in July and accepted the Troika’s demands for austerity measures to receive a new bail-out, the assumption was that only bond holders would be subject to any sort of risk that might see their securities decline, or perhaps even fall to zero.  Yet as one knows in the financial industry, and in the case of central bank policies, you can never fall asleep believing that your money is ever safe.
According to EU legislation that is in line with January’s G20 resolution, and is similar to Section II of America’s Dodd-Frank laws, starting on Jan. 1 any and all bank deposits within Greece (and the rest of the Eurozone) can and will be subject to confiscation and bail-ins to re-capitalize their banking systems.  And with these banks having already seen over $100 billion removed by depositors prior to the Greek bank holiday, it is fair to assume that these banks are already close to insolvent, and won’t be waiting long to allocate the people’s deposits towards funding their own deficiencies.

Saturday, August 15, 2015

Got Karatbars? Alternative currencies in gold and outside a bank about to explode around the world

Dateline Greece:  After months of Greek depositors removing nearly $100 billion out of their banking system prior to a bank holiday, and the accepted bailout agreement by the government for more austerity at the hands of the Troika, a growing number of citizens are conducting day to day business using an alternative currency and barter system known as the TEM.
Christos Papaioannounoticed his car needed new tires, the Greek computer engineer bought them with euros—but used an alternative currency, called TEM, to pay his mechanic for the labor. 
“Money is sparse right now, but people still have the same skills and knowledge they had before the crisis,” said Mr. Papaioannou, part of a cooperative that founded TEM in the port city of Volos and one of nearly 1,000 registered users of the alternate currency there.TEM—a sophisticated form of barter whose name is the Greek acronym for Local Alternative Unit—was founded in 2010 in the early months of Greece’s debt crisis with less than a dozen members. 
Now it includes dozens of participating local businesses that use the system to sell goods and services, including prepared food, haircuts, doctor visits, or even for renting an apartment. - Liberty Blitzkreig
Dateline Argentina: Institution of black market currency (Dolar Blue) growing in stature due to failure of national currency and economic policies.
Argentina was ruled in default of its debt in July after it defied a U.S. court order and refused to pay a group of hedge fund creditors.  That, however, is only a small part of Argentina's problems. The "economic reasons" for the underground peso's historic jump that Kicillof dismissed are very, very real. And the dolar blue market rate is no tiny market in the country. 
Regular Argentines use it every day, underground blue dolar exchanges aren't hard to find, and it's estimated that $10 million U.S. dollars are exchanged on the black market daily.- Business Insider
These two nations are not exactly economic powerhouses that proliferate the G20, however they are a microcosm of the growing sentiment people are having against fiat money, and trust in the banking system.

There is a reason why digital and crypto currencies like Bitcoin were invented, and why alternatives to the dollar, euro, and other central bank run currencies are growing when governments show time and time again that they are unable to deal with economic issues besides the printing of more currency, which has been proven to only exacerbate the problem.



Yet the black market and locally introduced barter currencies are not the answer to resolving monetary destruction for the long run, and are simply the means by which the people can survive in their given locations day to day.  And since even Bitcoin is relatively new in the consumer landscape, and not readily accepted by most businesses and individuals, that leaves us with limited options on where to look for a monetary construct that is both outside the banking system, and available for both local and international trade in a form of money that is both sound, and recognized everywhere.

And the option that is most relevant is also the option that is most historic... and that is a gold backed monetary system.  And while governments of major economies fight tooth and nail to avoid going back to this form of money, and instead try to salve a failed currency system based on debt, companies outside the banking system are taking their own initiatives to create a monetary system that is not only fungible to paper currencies, but backed by a hard asset recognized as money for 5000 years.

Gold.

And what is one of those companies that has not only built a platform for consumer trade in every available currency, but is also outside the banking system and backed by the most stable monetary asset known to man?

That company is 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, you can have the power to move your money into a free e-wallet 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.

Monday, July 27, 2015

Greek Syriza members were ready to jail the bankers until P.M. Tsipris surrendered to the E.U.

In the Republican Party, not everyone follows blindly to the will and policies of the Neo-Con leadership.  All one has to do is look at the Tea Party, Ron Paul, and now, Presidential candidate Donald Trump to see that agendas within American politics are not always cut and dry.  And the same is true for political parties in other countries as even Greece’s ruling party Syriza has their own dissension occurring over accepting continued austerity for more money, or rejecting the Troika and seeking a fresh start outside the Euro and the European Union.
And in an interesting report came out on July 24, members within Syriza were ready to get violent and pull their own version of the ‘Iceland option’ by storming the Greek mint, and jailing their nation’s central bankers.
 

Tuesday, July 21, 2015

Got Karatbars? Germans seek capital controls while Greek banks beg customers to put their money back in

It is becoming more and more apparent why both Greece and Germany were unwilling to negotiate any changes to the debt contracts that have now led the Southern European country to give up some of their sovereign infrastructure just to be allowed to borrow more money to pay back to the banks.  Besides the fact that the Greek people no longer trust their banking system due to a recent three-week holiday which included access restrictions to their safety deposit boxes, Germany is experiencing their own liquidity problems within their banks as they commence new capital controls over those who might take their money out and move it outside the country.

On July 20, a new report out of Germany was published that shows that the government is working to deactivate a 23 year old service known as Maestro which allowed citizens to link their bank accounts directly to a debt card, which was backed by MasterCard, and usable anywhere around the world, and in any currency they needed.

The game is afoot to eliminate CASH. According to reliable sources, Maestro is seriously under attack. In Germany, Maestro was a multi-national debit card service owned by MasterCard and founded in 1992. Maestro cards obtained from associate banks and can be linked to the cardholder’s current account, or they can be used as prepaid cards. Already we see the cancellation of such cards and the issuing of new debit cards. Why? The new cards cannot be used at an ATM outside of Germany to obtain cash. Any attempt to get cash can only be an advance on a credit card.

Once they eliminate CASH, they will have total control over who can buy or sell anything. - Armstrong Economics

Yet as I noted at the beginning of this article, banking and monetary restrictions are occurring in BOTH Germany and Greece.  And after citizens nearly drained their banks of all their reserves a month before the bank holiday was announced, Greek banks are now begging their people to put their money back into the banks, and trust that access to their money won't be hindered.

President of Greek Banks Association Louka Katseli appealed at the citiznes to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the last months.

Katseli, a former PASOK Minister, appealed to citizens to return their deposits  to the banks “now that the banks are open” after a three-week holiday and capital controls. - Keep Talking Greece

Would you trust a bank after they locked their doors and kept you from your money and possessions for three weeks time?  Especially in the midst of a game changing crisis?

However, many people in the U.S. will ignore these warnings and stick to the old belief that, "This would never happen here."  On the contrary, just last night on Coast to Coast AM, intelligence analyst Craig B. Hulet, a consultant to Homeland Security, the Pentagon, and even to Congress, offered the reasons why America is now going through a military exercise on U.S. soil known as Jade Helm.  And where the primary goal of the two month long exercise is to train the military for civil unrest, that is not unlike what is going on right now in Greece, for an expected banking and monetary crisis that could come as soon as September, and will include a bail-in that will take a minimum of 20% from all of your savings, checking, retirement, and pension funds stored in a U.S. financial institution.

(Listen to the first 40 minutes of last night's program)



So we now have not just the warning signs, but actions already taking place regarding a monetary and banking crisis that is now in its early stages.  And if trusting in banks is no longer the answer to protect and save your wealth and retirement, what solution is available?

The answer lies in 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, you can have the power to move your money into a free e-wallet 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.

How to make money in both the Dual and Uni-level systems of Karatbars



How to make a six figure income using Karatbars in just 7 weeks.



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. 

Germany fires first salvo in war to end use of cash by consumers

As Greece starts to deteriorate into near Civil War as citizens within the EU country are unable to fully access monies kept in their banking system, they are not the only entities experiencing problems that threaten the monetary liquidity of Europe.  In fact, in what may be the biggest irony from the year long battle between Greece and Germany over Greek debt, Germany is launching its first salvo in a new ‘War to End Cash’ by cancelling a financial instrument that has allowed account holders in banks since 1992 to link their money directly to a debit card which could be used for purchases and withdrawals.



Read more on this article here...

Sunday, July 19, 2015

Greece is not the only country where pensions are at the root of an economic disaster

In the ongoing debt crisis taking place between Greece, Germany, and the EU’s financial Troika, Greek pensions remain squarely in the crosshairs for austerity cuts to allow acceptance of a new round of bailouts, and a saving of Greece’s insolvent financial system.  But with the global economy in decline and even recession despite manipulated equity market highs, the Damocles Sword of underfunded pensions elsewhere threaten to keep central banks and central planners from doing what is necessary to rebuild sectors within the economy that have been stagnant since the 2008 credit crisis.
One country in particular, that of the United States, is a poster child for underfunded pensions that could matriculate a domino effect on the nation’s entire financial system should the Fed even attempt to stimulate growth through the raising of interest rates.
 

The epidemic plague of debt and sovereign insolvency is accelerating around the world

When it comes to the financial state of most of the world’s economies, Greece is simply the most popular one right now to discuss within the daily news cycles.  However, since the inoculation given by most central banks after the 2008 credit crisis was to increase debt in an attempt to both recover from recession, and stimulate economic growth, the cure is proving to be much worse than the disease.
Greece has an unsustainable debt that has been conceded to by both the IMF and ECB, but the Southern European nation is just the tip of the iceberg for a growing epidemic of countries that are already insolvent, and carrying so much debt that it is mathematically impossible for them to pay off in this current monetary climate.  In fact, there are at least 24 insolvent and bankrupt nations, with another 14 very close to that same level, that are the tip of the iceberg since there appears to be no end to the debt plague that has engulfed the entire world like a ever growing black hole.