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 switzerland. Show all posts
Showing posts with label switzerland. Show all posts

Tuesday, March 21, 2017

As European countries rush headlong towards the cashless society, the Swiss still consider cash to be king

Like with most central bankers and politicians, their justifications for nearly any new monetary agenda is steeped in the foundation of imposing greater controls over people, and removing their freedoms to conduct commerce as they see fit.  And perhaps no greater example of this can be seen in the global movement to ban cash, and usher everyone into a completely digital society.

Several European countries like Sweden, Norway and Denmark are already well on their way towards the banning of physical cash, and many other EU nations have imposed capital controls disallowing the use of cash in large transactions.  And even the advent of crypto-currencies has helped spawn the idea of a cashless Africa, with nations like South Africa and Rawanda working hard towards forcing everyone onto a digital banking model.

But one country is remaining defiant in the wake of this global move to take away physical currency from the hands of the people, and that nation is the one who's history is steeped in banking, and the right of individuals to do with their money as they see fit.

Image result for cash is king no cashless society
When it comes to cash and its future, Swiss authorities seem to have a totally opposite view to that of their Indian counterparts -- for them cash is "more reliable" and enjoys a low opportunity cost. 
Among other benefits over cashless payments, cash provides "more effective budget control" and can be used without any technical know-how, while it also offers a comprehensive protection with regard to financial privacy, a top official of Swiss National bank (SNB) has said. 
Amid a debate on future of cash globally and the ambitious demonetisation move carried out by India, SNB's deputy head Fritz Zurbruegg said there remains a continuing robust demand for cash among general public and banknotes are like the country's 'calling cards' in case of Switzerland. - India Times
The truth of the matter is, the recent push for a cashless society has little to do with convenience, and more with the failed banks and central banks who have leveraged their monetary systems to the point of insolvency.  And they believe that their last chance at survival is to eliminate the one factor that keeps them from expanding money supplies even more through a digital system, and that is the anchor of physical cash and the fear that individuals could bankrupt them in a day if they called for a run on their institutions.

If politicians and establishment economists really wanted to 'stop' money laundering, and the funding of drug cartels or terrorism, then all they would need to do is shutdown or nationalize the banks themselves for they are the ones who are committing this avenue of crime.  But since the West has almost completely merged into a fascist state, where governments and corporations act as one in their own common interests, then that leaves the people who have done nothing wrong to become their scapegoats, and this means that their agenda is really dedicated towards taking away our money so that they can take their fraud and theft to even greater and higher levels.

Saturday, September 17, 2016

Where are the best places in the world to store your physical gold, silver, and other precious metals

There are an infinite amount of analysts who have their own varying opinions on buying precious metals, and more importantly, how and where to store them.

Some through ignorance or agenda will swear by having their customers purchase gold through etf's or other paper securities, while others believe in the old axiom about property that says, if you don't hold it, you don't own it.

But with the world no longer being a place where it takes months versus hours to get from one location to another, and communications and access are just a Smartphone touchscreen away, the options available for you to buy gold in one place, and have it stored in another, is no longer a cumbersome process, and in many cases is the most prudent of measures.

Personally I believe in a five-fold diversification when it comes to precious metals and wealth protection.

1.  Have some cash on hand, outside the banking system

2.  Have some physical gold on hand

3.  Have some physical silver on hand as part of an investment plan

4.  Have the majority of your wealth outside of banks, and outside your local jurisdiction (offshore)

5.  Look into mining stocks for the speculative portion of your portfolio, and don't be married to them forever

Today nearly all markets are manipulated to a lessor or greater degree, including equities, bonds, interest rates, real estate, currencies, etal... and the days of buy and hold ended following the Crash of 2007-08.  And what is left are hard physical assets that are meant to be used as wealth protection and protection of your purchasing power from the profits and earnings you acquire through investments or salaries.

Yet when it comes to storing your wealth this can be one of the hardest choices to make, verify, and trust.  And in a new White Paper published by Sprott Money Lmt. last week, the long time metals institution laid out the best and most secure areas to store precious metals in your offshore portfolio.

Holding that gold outside the banking system, and for some, outside one’s own country, are increasingly popular options. Canada, Switzerland, and four other countries have particularly attractive characteristics. 
Those are the conclusions of a new whitepaper produced by Sprott Money Ltd.
Canada and Switzerland are obvious choices. The True North has fabulous natural resources, one of the world’s most stable banking systems and hasn’t been attacked in more than 200 years (the last two times the Americans tried to invade - during the Revolutionary War and the War of 1812 - things did not work out so well for them). 
Switzerland, which ranked first on the Tax Justice Network’s Financial Secrecy Index in 2015, has fabulous attractions as an offshore investment locale. These include a long history of offering investors a safe, discreet place to store assets. That applies doubly for gold, which has a better reputation in Switzerland than in almost any other country. 
The Sprott report also identifies Singapore, Germany, and the Cayman Islands as current good offshore storage jurisdictions. 
The paper also acknowledges that many other international jurisdictions such as Dubai, Australia, and Hong Kong are regarded as good locales, but acknowledges that changing geopolitical risks requires constant monitoring of domestic and international investment environments. - Zerohedge
Ironically, the U.S. made the list as well, but with a caveat... and that is, no financial institution or storage location is considered rock solid safe, and the best place to store your gold and other precious metals is with the individual owners themselves.

As with all investments, taking the time to research where to store your physical metals is just as important as taking the time to research a broker or investment house.  Because in the end, the responsibility for our wealth lies with us, and not with those who we might commission to hold it.

Wednesday, September 7, 2016

Negative interest rate blowback: businesses in Switzerland having to take out insurance on their money already stored in banks

When central banks implement monetary policies never tried before, there are always ramifications that take place that no one could have forecast.  For example, in both Germany and Japan there has been an incredible run on safes because individuals are flocking en masse to get money out of the banking system and store it within their domiciles to avoid negative interest rate (NIRP) fees or bail-ins.

But in Switzerland the consequences of NIRP have sparked a different reaction as businesses holding large amounts of deposits in their banks are taking out insurance on their money that they currently keep in a bank.

Why?  To mitigate the losses the banks will take from them due to negative rate fees.

Only unlike Japan and Germany, the Swiss are much more subtle about their cash hoarding than telling the neighborhood they have a stash of cash in their home by publicly buying a safe; instead, as Bloomberg reports, more and more companies are taking out insurance policies to protect their cash hoards from theft or damage
"Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash," said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. "We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs.
Where the Swiss also differ from many other nations is that numerous local banks have already passed on negative rates to their wealthiest customers. The SNB imposed NIRP in early 2015, charging banks for excess deposits. Many lenders including UBS Group AG and Credit Suisse Group AG have passed on at least some of the burden, they don’t disclose how much, to cash-rich clients like asset managers and big companies. 
Meanwhile, a fascinating arbitrage has emerged between NIRP and insurance costs: Helvetia Holding said it charges about 1,000 francs ($1,020) a year to insure 1 million francs, a fraction of the 7,500 francs a company would pay to park the same amount in a bank for a year, assuming the lender passes on the full charge. While that amount doesn’t include the cost of logistics such as transport or security features like reinforced walls, guards and alarm systems, those may not be an issue for the wealthiest clients who already own their own safes and have their own means of transportation of the physical cash. - Zerohedge
Perhaps instead of paying out extra money each year to insure your money from confiscation, loss of purchasing power, and other consequences of NIRP, businesses and individuals should instead store their excess reserves in physical gold, which is much more easily stored in a safe, and is a silent rebellion to the policies of central banks who no longer have any idea what they are doing.

Friday, July 8, 2016

Japan investors fleeing from negative rate bonds and buying/storing gold in Switzerland out of fear of government confiscation

The Japanese people have gone through a great deal over the past 30 years, and trust in their government may have finally reached the low point.  That is because after years of zero and now negative interest rates, the transference of their retirement accounts to the U.S. in exchange for Treasury debt, and a money printing scheme that has completely destroyed their economy, those with money left are breaking away from the system and buying and offshoring physical gold in vast quantities.

There are three primary reasons why the Japanese populace and investors are fleeing out of Yen based assets and into physical gold.  First, because of asset deflation and negative interest rates the Japanese feel there is no investment left besides gold that will protect or grow their wealth within their economy.  Secondly, following a recent visit from former Federal Reserve Chairman Ben Bernanke to Japan, the people recognize that the only remaining option for the central bank is to expand the money supply to the point where all assets will become bubble inflated, and wealth will be evaporated from an insolvent currency.  And finally, the real threat of asset confiscation, particularly for gold, is now weighing on the minds of the Japanese and why they are choosing to store their gold offshore and in Swiss vault accounts.

Peter Boockvar – “Buy As Much Gold As You Can Now”
As Bloomberg reports, in the face of a clear lack of trust in Japanese leadership, local investors are buying gold to store in Switzerland. The reason: they are increasingly worried about confiscation which is why they are storing it half way around the globe.  The number of buyers jumped 62% in the first six months from the second half of 2015, Atsuko Sato Whitehouse, head of Japanese markets at the London-based BullionVault investment service, said this week.  
The clear action of gold buying comes only months after we reported on the increased demand for safes in Japan. This is what we said back in February: “Look no further than Japan’s hardware stores for a worrying new sign that consumers are hoarding cash--the opposite of what the Bank of Japan had hoped when it recently introduced negative interest rates,” WSJ wrote this morning. “Signs are emerging of higher demand for safes—a place where the interest rate on cash is always zero, no matter what the central bank does.” 
However, something has changed, and it is almost as if Japan is expected the ghost of FDR to arrive soon and confiscate their gold. 
“Many of our Japanese customers think it’s too risky to hold gold bars at home and they want to keep them in Switzerland because they are anxious about the future of Japan,” Whitehouse said in an interview. The country’s growth has stagnated for a decade, defying fiscal and monetary stimulus which has driven up public debt to more than double the value of annual economic output.

Tuesday, June 21, 2016

It’s not just Britain wanting to leave the EU as Switzerland revokes its application to join coalition

All one has to do is look at how the European Union (EU) Troika (EC, IMF, ECB) dealt with Greece regarding their debt insolvency to realize that the former trade union has turned immensely political, and has little desire to act equitably with every member in the coalition.  And since 2014, calls among many European nations have risen to have their country leave the EU and go back to determining their own economic futures.
This week will be the most current referendum for a nation to leave the Eurozone, with the BREXIT vote scheduled for Thursday.  But just last week, one country who functions intrinsically with the EU, but has never been a member, decided to revoke their long-time application to join the union and instead remain neutral within Europe.
eu tyranny
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Friday, May 27, 2016

Switzerland just weeks away from a vote to bring about the ultimate in state welfare

Democratic candidate Bernie Sanders loves to push nations like Sweden and Denmark as being the ideal models of socialist economies.  Of course, he refuses to acknowledge places like Venezuela, which are now in the final bloody days of their own Socialist experiment.
And while a modicum of safety net benefits are necessary for any society to protect those who either cannot work, or are in transition between jobs and other hardships, the question has always been how much a government can spend on such programs before they affect both economic growth, and fiscal policies.
The nation of Switzerland however, could potentially become the ultimate pendulum swing as they are now just a few weeks away from a referendum which would create a system that would provide every man, woman, and child free money, whether they are employed or not, or whether they actually need it or not.
Helicopter-Draghi
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Tuesday, March 15, 2016

New Zealand becomes fourth country in last four months to propose giving people free money

First it was Finland in December, then Switzerland a month later to propose new programs in which they would give money directly to the people through a monthly stipend.  And not to be left behind, the province of Ontario, Canada is planning their own direct payments to citizens here in 2016.

And while some may see this as a fringe stop-gap measure for economies that have been devastated by lower energy prices and deflation, as that old saying goes, once is happenstance, twice is coincidence, and three times a trend, and we are now officially to the point where direct monthly payments are the norm, and possibly for the future for a large portion of the global economy.


The New Zealand government is considering giving citizens a regular monthly income whatever their work status, according to the country’s Labor Party leader, Andrew Little.
The party plans to debate implementing the system known as ‘basic income’ later this month. 
Universal basic income (UBI) systems could give people a regular allowance regardless of their income or assets. They would oust welfare benefits, student allowances or pensions. 
The regular monthly pay would give people flexibility to work as they want and not to quit jobs altogether. The measure will provide a basis on which citizens can go through the down periods as well as enjoy the up periods. — Russia Today

Sunday, January 31, 2016

Helicopter Ben goes to Switzerland as people to vote on getting monthly government payouts

It is becoming more and more apparent that the entire global financial system is rushing headlong into a titanic collapse sometime in the future, and governments along with central banks are willing to do anything to extend it as far as it can go.  This of course means that at certain points along the way they need to use more and more drastic measures in order to stimulate spending.
Starting late in 2015, and continuing so far into the first part of the new year,  these ‘drastic measures’ are starting to hit mainstream.  And besides the growing talk about negative interest rates, and banning or ending the use of physical cash, the last resort scheme in the arsenal of those in power is right now knocking on the door, and is being looked at strongly in Northern European country’s like Norway and Switzerland.
And that last resort scheme is the direct distribution of cash to the people.

Read more on this article here...

Saturday, January 30, 2016

Negative interest rates, free money... central banks are showing by their new policies that we are near the end

On Friday the Bank of Japan entered into the deep shark infested waters of negative interest rates (NIRP), signalling that they have no other option but to force people to spend their savings or lose it to fee based confiscation.  And for those that think Japan is simply a lone wolf in the global economy, negative interest rates have already emerged in several European countries desperate for inflation.

But NIRP is not the only scheme being concocted by governments and banks to force people to spend their money instead of saving it.  In Switzerland on Jan. 29, a referendum was issued for the people to vote on whether their government should outright give each adult $1700 Euros and each family the equivalent of $2500.00 to stimulate growth and inflation in the midst of an emerging meltdown.

And like the use of price controls in 3rd world banana republics, the end result of giving out free money based on increased debt is price inflation to the point where eventually the entire system will collapse upon itself.



Sunday, December 27, 2015

First de-pegging from the Euro, now Switzerland is voting to end private central banking

For decades, Switzerland has been known as the banking capital of the world due to their neutrality, and long history of protecting wealth from the prying eyes of governments.  And although they recently gave into U.S. pressures for transparency of accounts owned by American citizens, two major policy decisions may be separating themselves once again from the pack in the Western financial system.
Back in January, the Swiss government de-pegged the Franc from the Euro, causing a temporary setback in their economy due to the strength of their own, and the weakness of their formerly pegged to currency.  But a new referendum that is being initiated may change all of this, and help the country overcome negative interest rates that their central bank forced upon the Swiss economy.

Read more on this article here...