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 insolvency. Show all posts
Showing posts with label insolvency. Show all posts

Sunday, April 10, 2016

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

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

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

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

Tuesday, February 9, 2016

Global debt now so great nations will be forced to reprice gold higher to backstop it

Since 1971, gold has been moved into the realm of a simple commodity and away from its 5000 year old status as money.  In fact, if you currently own or sell gold the IRS designates the metal as a collectible, similar to art or classic car.  But there is one thing that may be the catalyst to force gold back to its historical and long-standing place as money, and that catalyst is debt.

Global debt is now sitting between $230 and $550 trillion (dependent upon which statistics are measured), and which is almost three to eight times greater than the world's annual GDP.  And as we see country's like Japan, Switzerland, and Sweden enact negative interest rate policies to protect themselves from insolvency, and banks like Deutsche in Germany sitting on the time bomb of $70 trillion in derivatives, assets are desperately needed to backstop this debt before it simply implodes in a tidal wave of monetary destruction.

And gold can not only be this backstop, but its inevitable repricing will be the only thing to stave off collapse on a global level.



Tuesday, December 29, 2015

Ontario becomes ground zero for citizens being asked to pay for the debts of their government

$160,000.  That is how much each American ‘virtually’ owes bondholders to cover the government’s nearly $19 trillion in national debt.  And while our taxes are the primary collateral which allows Uncle Sam to borrow from a privately owned central bank, is there a chance sometime in the future where the government may use force, coercion, or even confiscation to pay these obligations that neither you nor I volunteered for?
US-Public-Debt-per-Taxpayer-Apr-2015
The answer to that may be coming sooner than we think, as our neighbor to the North, and in particular the City of Ontario, Canada, is so deep in debt that they are now asking their own people to voluntarily donate monies outside of proscribed taxation to pay on the city’s debt before insolvency bring it crashing down.
Read more on this article here...

Thursday, October 8, 2015

Got Karatbars? Glencore and Deutsche Bank showing signs of a liquidity problem that could bring down entire system

Remember this proven doctrine... when the next banking or financial crisis comes, any money or paper assets you have in the financial system will be used to re-capitalize the banks without your permission.

This doctrine is from the U.S. legislated Dodd-Frank banking reform act, and a G20 joint resolution passed back in January.  Thus seizure of your assets to bail out the banks is not only on the books, but it is now considered accepted and primary policy.  And all one has to do is go back and look at Cyprus and MF Global to validate it.

The reasons why we are bringing this up again at this time is because there are multiple warning signs flashing in neon lights of a new and more devastating liquidity crisis on the horizon, that is even greater than in 2008 which would have brought down the entire system had it not been for TARP, and tens of trillions of dollars printed to bail out the banks.  Yet the problem now is that the warning signs are coming from Europe, which have intricate and binding ties to every American bank like dominoes standing in a line.

Germany: Deutsche Bank / Switzerland: Credit Suisse in trouble

Not everything is "fine" in the land of European banks, in fact quite the opposite. 
One day after Deutsche Bank warned of a massive $7 billion loss and the potential elimination of the bank's dividend which had been a German staple since reunification, a move which many said was a "kitchen sinking" of the bank's problems (but not Goldman, which said it was "not a kitchen sinking, but a sign of the magnitude of the challenge" adding that "this development confirms our view that the task facing new management is very demanding. Litigation issues do not end with this mark down - we expect them to persist for a multi-year period. We do not see this as a "clean up" but rather an indication of what the "fixing" of Deutsche Bank will entail over the 2015-18 period), it was the turn of Switzerland's second biggest bank after UBS, Credit Suisse, to admit it too needs more cash when moments ago the FT reported that the bank is "preparing to launch a substantial capital raising" when the new CEO Thiam unveils his strategic plan for the bank in two weeks’ time. 
FT adds that "while not specifying an amount, they pointed to a poll published last week by analysts at Goldman Sachs concluding that 91 per cent of investors expect the Swiss bank to raise more than SFr5bn in new equity."
The most concerning question one needs to ask is, with the European Central Bank (ECB) running at negative interest rates for their borrowing facility, why wouldn't these banks use this option to borrow massive amounts of euros to stabilize their own institutions?  As of now we have no answer, but on the surface it appears that the Eurozone's bank of last resort isn't as capable as many think, and this leaves banks like Deutsche and Credit Suisse to seek different avenues to deal with their growing and accelerating insolvencies.
*to note - Switzerland is not part of the European Union, but up until recently, their currency had been pegged to the Euro, so access to the ECB in some form was allowed in their banking system.

Yet as a side note to see just how dire Deutsche Bank's problem's are, the German central bank (Bundesbank) issued a press release just this morning announcing their updated gold reserves, and how much gold they expect to receive in future years from repatriation.  This drastic announcement signifies just how much in trouble the German banking system is, especially as they attempt to quell concerns by showing their gold holdings as a collateral backstop.
Glencore as the next potential Lehman trigger
Over US$100bn in estimated gross exposures to Glencore 
We estimate the financial system's exposure to Glencore at over US$100bn, and believe a significant majority is unsecured. The group's strong reputation meant that the buildup of these exposures went largely without comment. However, the recent widening in GLEN debt spreads indicates the exposure is now coming into investor focus.

$100 billion in unsecured liabilities is not catastrophic unto itself, but Glencore is a commodity desk that trades in an immense amount of derivatives that have counter-parties all around the world.  Those counter-parties are the same ones that had derivatives tied to Lehman Bros. back in 2008, which of course takes this simple sum of $100 billion and multiples it by factors of hundreds or even thousands.

Now of course you would be talking REAL money.

So if multiple signs point towards the need for extreme measures to aid in re-capitalizing some of the largest banks in the world, and the largest commodity and oil trading desk in the market stands on the cusp of an implosion, what options are left for the banking establishment to use to stave off their potential insolvency?  We already pointed out that in the first part of this article, and why it is beyond time that you moved your money and paper based assets into something they cannot confiscate, or use to bail themselves out at your expense.

And that solution 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, 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.

Tuesday, August 4, 2015

Obamanomics: Raise energy prices, kill American industry, and subsidize bankrupt foreign green energy companies

Remember Solyndra, Fisker Automotive, Evergreen Solar and 31 other green energy companies Barack Obama subsidized with billions in taxpayer money during his administration that have turned out to be either insolvent, or collapsed into bankruptcy?  Well, we can add another to this list, and just one day after Obama raised the bar on his Clean Power Plan that has accomplished two things during his administration…
The raising of energy prices for American consumers, and the killing off of U.S. industries in the coal sector.
On Aug. 4, President Obama’s growing ‘list’ added a foreign green energy company to the roles of taxpayer subsidized bailouts, and one that like the others, is headed to the scrapheap of insolvency.
 

Saturday, June 6, 2015

EU Commission calls out 11 countries to pass bail-in legislation or face the court of justice

Following the agreed upon resolution signed by all member states of the G20 to ensure that they pass legislation to prepare for the use of depositor funds during the next banking and financial crisis, the European Commission on June 3 issued a harsh warning to 11 EU countries who have not fulfilled the requirements agreed to back in January.  And according to the EC, if these nations do not pass the necessary laws and rules within the next two months then they will have to face the EC Court of Justice and deal with the ramifications.
Makes one wonder what may be occurring in two months time?
Graphic courtesy of Goldcore
 

Monday, May 18, 2015

Gold and Karatbars: Bank insolvencies in Europe are behind the global move to get rid of cash

The famed economist Martin Armstrong wrote a piece on May 18 regarding the near instantaneous rush from banks, governments, and even university professors to remove the use of cash from the financial and monetary systems.  And while those on the side of eliminating cash in the economy are saying it is to aid central banks in controlling monetary policy, the real reason the public is being placed on the chopping block once again is due to the very same reasons for the taxpayer bailouts of 2008.

The banks are insolvent, and they don't want to have to pay for their failed risks and speculations.
Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks. However, the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Hence, we see this trend is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 - the elimination of cash. We are even starting to see this advocated in parts of Germany. We will not be able to buy or sell anything without government approval. That is where we are going, and it may be the major event that erupts after 2015.75. - Armstrong economics

This assessment, which has been affirmed by numerous sources now over the past month, leaves people with a limited amount of options.  Either they can trust the banks to remain solvent, and rely upon electronic based monetary instruments (credit cards, debit cards) to be available.  They can take all their money out of the bank, which of course would cause an instant panic and hasten their bankruptcies while forcing governments to intercede.  Or they can move their cash into a hard but liquid asset, which is not only recognized by every country in the world, but is fungible enough to be transferable into any currency at a moments notice.



The best facility to accomplish the latter is through accompany called Karatbars.  As a customer or affiliate with Karatbars, 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 Karatbards, 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 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.



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



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

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 Finance Examiner at [email protected], or sign up with Karatbars for free as a customer or affiliate (business builder) by clicking the link below, and filling out the one page document.


https://www.karatbars.com/signup.php?s=argonath

Monday, July 21, 2014

On cusp of German bail-in vote, 50% of cities stand on verge of insolvency

On July 9, German legislators voted to approve bank bail-ins as the primary solution for re-capitalization the next time their financial system experiences a collapse or major crisis.  Thus following in the footsteps of the Cyprus Experiment, which saw depositors lose upwards of 60% of the money they thought was safely protected in their banks and financial institutions, German depositors, not the taxpayers, are now on the hook to pay for a bank’s corruptness, risky bets, or bad decisions.

However, even this egregious new policy may pale in comparison to what is coming for the German state as it is now estimated that 50% of all municipal governments within the chief Eurozone nation are underwater, and on the brink of insolvency and bankruptcy.




Read more on this article here...

Sunday, January 1, 2012

Local governments hiding money from citizens

An interesting study by the American Free Press came out in 2011 regarding a growing trend in many states to hide money away from the 'public records', while at the same time claim budget deficits and the perception of insolvency.

But Minnesota had $2.9 billion hidden from taxpayers in fiscal 2010, which ended June 30.
Assets exceeded liabilities by $10.9 billion. Another $2.9 billion in “unrestricted net assets” were hidden from public view.
What all states are not saying is they have plenty of bucks salted away, but you aren’t supposed to know that. Each year, all state and local governments prepare a financial report on assets, liabilities, revenues and expenditures called the Comprehensive Annual Financial Report, or CAFR. You read about the budget and how your tax dollars are supposed to be spent in your local newspaper, but you don’t read about money hidden in the CAFR, because America’s controlled media hides these important facts.
Walter Burien, a former commodity trader and leading authority on CAFRs, claims that state governments are sitting on more than $600 billion worth of assets. And that’s just the states. When you tally up the holdings of all 85,000 local, state and federal governments, the value of all of the assets comes to about $60 trillion, says Burien.
“Being that the CAFR is the accounting document for every local  government, and with it effectively being blacked out for the last 60 years, this intentional omission of coverage is the biggest conspiracy that has ever taken effect in the United States,” said Burien. It’s “the biggest game in town.” - James P. Tucker Jr via the American Free Press.net

Just remember these hidden stores of cash the next time you think that governments are for the benefit of the people, not the other way around.  What this hidden cash is for, or whom it goes to is an intrical part of why the ultra rich, and the political stooges who represent them, is the trillion dollar question.

Monday, June 27, 2011

Banks in the throes of death crosses

John Galt FLA examines the growing number of financial institutions that have succombed to the dreaded technical 'death cross' for their stocks, and the inevitable insolvency they are headed towards.