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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 italy. Show all posts
Showing posts with label italy. Show all posts

Thursday, April 6, 2017

George Soros linked to funding human trafficking and terrorism

On March 5, a new investigation undertaken by Italian authorities links NGO's tied to and funded by globalist George Soros as being involved in both human trafficking, and helping pay for ISIS terrorists to infiltrate the European continent.

Using the guise of 'aiding' Syrian refugees to get into European countries, these Non-Governmental Organizations (NGO's) are actually shipping non-refugees from North Africa who are part of an ISIS run smuggling operation.

Image result for george soros funding terrorism
Investigations by Italian authorities and others have found that NGOs funded by among others George Soros, are actively financing private ships to smuggle tens of thousands of illegal North African refugees into the EU via Southern Italy. The human trafficking is reportedly linked to ISIS smuggling networks. If confirmed by authorities, it could potentially open the NGOs to criminal charges . 
Carmelo Zuccaro, the Chief Prosecutor of Catania, Sicily, has testified to a committee of the Italian Parliament in March that an official investigation into the funding of a fleet of modern refugee boats in the Mediterranean by private NGOs is warranted. He cited evidence that the human traffic smugglers in Libya and other North African coastal states, often reportedly linked to ISIS or other criminal bands, were coordinating the traffic into Italy of tens of thousands of illegal refugees. Zuccaro reported evidence that the human traffickers either on land, or on board smaller migrant boats, call the larger NGO-financed rescue vessels directly to arrange transfer of refugees. That implies a very close level of coordination between the human smuggler bands and the NGO-funded fleet of ships. 
Zuccaro announced that his office is investigating what he called the “abnormal” amount of funds that allows even small agencies to hire ships. Italian authorities have so far uncovered at least ten private Non-Governmental Organizations involved, among them several NGOs financed by US hedge fund speculator George Soros’ Open Society Foundations. - William Engdahl
The very definition of terrorism is the use of violent means to create a political outcome, and all across the world Soros funded organizations such as his Open Society have funded revolutions and violent acts of terrorism from Ukraine to Europe, and even in the U.S. through organizations like Black Lives Matter.

In the fight against global terrorism, it is unfortunate that politicians speak through both sides of their mouths as they are willing to aid and fund groups like ISIS and Al Qaeda, while at the same time send young Americans to their deaths in countless ideological wars.  And more and more it seems that at the center of all the political and geo-political chaos is but one man, and it is high time he be incarcerated for the uncountable crimes against humanity he has both funded and executed.

Tuesday, November 15, 2016

Got gold? Italy's Monte dei Paschi bank begins bail-ins for bond holders

Bail-ins can no longer be said to be limited to just Cyprus now as on Nov. 15, a major Eurozone country just facilitated the confiscation and subsequent haircut of bond holders owning the bank's subordinated debt.

Italy's albatross, and the world's oldest operating bank which goes back to the days before the discovery of the New World, was finally forced to capitulate to stave off insolvency by cutting staff and conducting a bail-in of certain bond-holders of the bank's debt.

Ever since the bank failed the ECB's latest stress test this summer, when it was advised that it needs to raise billions in capital, only to see the process fizzle with virtually no willing sources of new cash emerging due to the opaque labyrinth of the bank's bilions on NPLs, Italy's third largest, most insolvent, bank has been hoping to avoid a debt conversion, out of fears it may spook retail bondholders across the capital structure, and in other Italian banks, who may perceive the move even if touted as "voluntary" as a creditor bail-in. Which it technically is. 
Earlier today, the bank's board bet on Monday to set the terms for a bond-to-equity conversion that is part of the lender's capital boosting plans. As part of its sweeping restructuring, Monte Paschi was planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call, its third recapitalisation in as many years. The key part, however, due to the lack of new investor interest was the previously leaked voluntary conversion of its subordinated debt, whose successful execution would limit the amount of new funds needed.
So while we wait to learn if Monte Paschi will be successful in raising the critical outside cash, here is what Monte Paschi's bail-in, pardon debt conversion will look like, according to sources including Ansa, Bloomberg and Reuters: 
  • Monte Paschi approves voluntary debt-to-equity swap offer
  • Offer to target subordinated bonds for total outstanding amount of 4.289 billion euros; will offer between 20-100 percent of nominal value in bond swap offer
  • Holders of ~€4.5 billion of subordinated bonds will be able to convert them to shares
  • Bank is also considering possibility of launching conversion into equity of 1 billion euros of Fresh 2008 bonds
  • Senior bonds not included in the voluntary conversion plan
  • The bank is also considering conversion plan for EU1b of hybrid bonds
  • The conversion price is seen at 85% of nominal value for riskier Tier 1 bonds, according to Ansa sources.
  • The Conversion price is seen at 100% of nominal value for less risky Tier 2 bonds
  • Monte Paschi will acquire €700m of MPS Capital Trust II securities, also Tier 1, at 20%
  • It will also acquire seven series of BMPS subordinated debt at 100%
Offer open to investors classified as “qualified investors” only for Upper Tier 2 securities - Zerohedge
Monte Dei Paschi is not the only European bank experiencing insolvency issues, but they could be opening the door for institutions like Deutsche Bank to have to follow suit since EU rules negate the possibility of a government funded taxpayer bailout.

When you take into account what occurred late last week in India, where their government abruptly eliminated higher denomination bills to attempt to force their citizens to keep their money solely in a bank, and couple this with the instability of banks all across Europe, the world is once again teetering on the potential of another credit crisis, only this time it will be your money that is used to bail them out unless you learned the lessons of 2008 and have your wealth stored in something much more tangible.

Got gold?

Monday, October 10, 2016

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

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

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

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

Tuesday, July 26, 2016

World's oldest bank shares halted as the company stands on the brink of collapse

It is indeed troubling when a bank that opened its doors 20 years before Christopher Columbus discovered America, and went on to survive two world wars, the turbulent times of Roman church inquisitions and religious reformations, the renaissance, colonialism, and of course, the conflicts that unified Italy itself, now stands of the brink of bankruptcy 544 years after its inception.

But that is what is happening now to Monte Paschi bank when on July 25, regulators halted trading of the bank's public stock due to an opening 8% drop, on the fears of share price collapse.

Shares of beleaguered Italian lender, Monte dei Paschi (BMDPF) , were suspended from trading early Monday morning after falling by almost 8% after the opening bell. The plunge comes just days ahead of results from the European Banking Authority's most recent stress tests, which are widely expected to reveal a shortfall in Monte dei Paschi's capital buffer. 
The shares fell by  7.6%, to trade as low as €0.28, before being suspended. The stock has fallen by almost 77% in the year to year to date as concerns have built over whether or not the bank can survive in a world where bad loans and low interest rates are eating away at its capital base and European Union regulations make public assistance all but impossible. - The Street
The insolvency of Monte Paschi is a microcosm for all Italian banks, which threaten the global financial system far more than Greece did just two years ago.  This is because Italy's banking system is about eight times greater than its Southern European neighbor, and was catalyst enough in 2008 as part of the PIIGS to help bring about the European financial crisis.

Overall, banking is a lucrative business that can earn a modicum of steady growth by lending to individuals and businesses when interest rates are set at a normal level.  But sadly thanks to the majority of the world's central banks, the dropping of rates to zero and below leaves financial institutions like Monte Paschi to have to speculate on risky assets, and the inevitable result is like we saw with Bear Stearns and Lehman Brothers... complete insolvency when the ponzi schemes eventually collapse.

Sunday, July 17, 2016

First Brexit and now the failed coup in Turkey helping to keep the gold rally forging ahead

Long before the June Brexit vote and the failed coup attempt in Turkey that took place on Friday, gold has been climbing since the beginning of the year and remains the best performing asset in the global financial system.  But it is events such as these, coupled with many more taking place in Italy, Japan, and even the United States, that will keep the gold rally forging ahead and ensure that the price will rise and overtake its all-time high before the end of the year, or early into 2017.

In fact, even after six days of the gold price falling due risk on speculation in the equity markets thanks to rumors of new quantitative easing and 'helicopter money', the price shot up $10 alone in after-hours futures when word hit that a coup attempt was taking place against Turkish President Erdogan.

The Turkish lira fell to a three-week low versus the US dollar in late trading on Friday in New York due to news of the coup in Turkey, which likewise spurred safe haven bids for 
US Treasury bonds, paring their earlier losses. 
The Turkey lira was last down 5.0 per cent at 3.0300 lira per dollar. 
“Have you seen the latest headlines on Turkey? That probably has something to do with it. This dollar surge is very much headline-driven,” said Vassili Serebriakov, currency strategist at Credit Agricole in New York. 
Spot gold prices turned higher, reversing earlier losses in late trade on Friday in New York on the Turkish news. Gold was up 0.23 per cent at US$1,337.73 per ounce at 4:42 p.m. New York time (4:42 am Hong Kong on Saturday, July 16), moving off intraday lows of $1,322. 
“Gold has been frog-marched $10 higher over the last hour when it became apparent that there has been an attempted coup in Turkey,” said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York. - South China Morning Post
Whether it is a banking crisis going on right now in Italy, the upcoming U.S. Presidential elections, the growing threat of war over the islands in the South China Sea, or global bond yields now encompassing over $14 trillion in sovereign debt, the biggest winner from all of this will continue to be gold.  And as each day passes, more and more investors and individuals are turning towards the metal as the only real protection from economic and geo-political chaos.

Tuesday, July 12, 2016

European banking system ready to implode unless the ECB comes up with $150 billion or more in bailouts

Over the weekend, Europe’s most toxic and insolvent bank (Deutsche Bank) came out with an announcement that if the European Central Bank (ECB) didn’t come up with $150 billion or more in new funding to bailout the continent’s banking system, then it could potentially face an ‘accident’ similar to 2008’s ‘Lehman moment’.
And it is not the largest German bank that is the sole institution in need of recapitalization by the ECB.  In Italy, nearly all the major banks are on the cusp of insolvency, and appear now in the process of a government sponsored bailout coupled with a small customer bail-in.  Added to this, British banks are running into major problems over their bursting housing bubble, and while the UK no longer has the security of going to the ECB for emergency lending, they may receive it anyway since other EU banks hold long derivative positions on the island nation’s securities and could implode if Britain goes the way of default.
BANKERS-COPS
Read more on this article here...

Thursday, July 7, 2016

Don’t blame Brexit as global recession and financial crises were here long before UK vote

The powers that be have learned to never let a crisis go to waste.  And in the wake of last month’s Brexit vote which they desperately didn’t want to happen, mainstream financial analysts and central bankers are now shifting the UK vote into the perfect excuse to blame the oncoming global recession and financial collapse on that event and on the British people.
But for any real economist who isn’t a paid shill of the establishment, knowledge that the global economy and global financial systems were rushing headlong into crisis occurred long before the June 24 vote.  And following the Federal Reserve’s stress test that ended last week, not only did two large European banks fail the test, but in Italy where no banks were deemed to be in trouble by the U.S. central bank, the first bailout outside of Greece is now taking place, and two institutions in London are halting redemptions in the nation’s largest property funds.
Read more on this article here...

Monday, November 24, 2014

Activist and part leader seeks initiative to remove Italy from the EU and Euro

In Great Britain there is the United Kingdom Independent Party (UKIP), in Greece there is the neo-nazi party known as the Golden Dawn, in Germany there is the Alternative For Germany party, and now in Italy, activist and leader of the Five Star Movement Beppe Grillo is beginning an initiative to wrest Italy from the hands of the technocrats in the European Union (EU), and divest their economy from the Euro and ECB.


Read more on this article here...

Thursday, June 5, 2014

Britain joins Italy in adding revenues from hookers and drugs to increase their GDP

Yesterday, the United States came out with their revised GDP numbers, and the world discovered that the largest economy in the world had a negative growth rate for the first quarter of 2014.  In fact, the actual number was so bad that it was nearly 4% worse than the lowest projected growth prediction made by analysts for this reporting period.

So if the United States is now in negative growth, and for all intents and purposes in a recession, how do GDP numbers look for Europe, which is intrinsically tied to America in the global economic system?
How about desperate enough to project and add revenues from prostitutes and drug sales to expand their declining levels of production?
In a fantastic and Bizzaro World announcement, Britain intends to add projected numbers from the intangible sale of one’s body (prostitution), along with the sale of illegal narcotics to the overall ‘consumer spending’ portion of their GDP model, and align themselves with Italy who just last week, did the very same thing.

Read more on this article here...

Wednesday, December 5, 2012

Economic reality in Italy: Buy groceries, earn lottery ticket to win a job

Recently, two Americans split the largest lottery jackpot in history when the numbers came up golden on a $500 million pot.  However in Italy, where unemployment rates are over 11% of the population and growing more than .3 per month, a new lottery opportunity is being introduced, where grocery shoppers will have the chance to win the illustrious prize of...

a part time job as an assistant grocer.


For the unemployed in Italy, new possibilities, to get a job. A supermarket chain is giving away jobs to their customers. The premise: you have to buy for more than 30 euros, then you get a lottery ticket, which entitled to participate in the Sweepstakes. Winners of the lottery, a temporary job part time job as an assistant waiting in the supermarket.

"Our contest is open to people of all ages and backgrounds," said Alessandra Aloisi, HR Manager of Gruppo BSE, Bloomberg. The chain of one-time supermarkets in Rome sells lottery tickets, which are very well received by customers. "Some participants are even question whether the profits they may possibly pass on to a friend or relative," Aloisi Sun -
Deutsche-Mittelstands-Nachrichten via Zerohedge

So enjoy the lottery frenzy while you can America, as it may not be too longer before the gambling concept turns into job creation for the government, states, and the U.S. economy.

Tuesday, May 8, 2012

Europe isn't spending less, they are just spending less on their own people

European austerity is a relative term for the nations and people of the European Union.  On one hand, it represents a pullback from massive borrowing, spending, and public benefit programs, but it can also mean simply a pullback on where the money goes without cutting spending at all.

It appears now that austerity in Europe really is no more spending on the people, and instead giving money to banks, governments, and corporations, at the expense of the very populations who are barely surviving in desperation mode.


When you were a child and did something wrong, the worse possible words your mom could say were "wait til your father comes home!" and that dreaded anticipatory angst is what Europeans must be feeling now as the threat of austerity hangs like the sword of Damocles over their heads. The reason we say this is that in fact, as Veronique de Rugy of National Review Online notes, the 'savage' spending cuts in Europe have yet to show up anywhere. All the rhetoric of how Europe's austerity has failed, all the hand-wringing and election-winning, and yet all the major nations are spending more than pre-recession levels; France and the UK did not cut spending at all, and even in Greece and Spain cuts have been small (and any meaningful reforms failed to be implemented). In fact, the epicenter of the current meltdown - Spanish banking - has seen only de-minimus headcount reduction over the past few years - so who is tightening their belts? The trouble, of course, is that while the threat of austerity has struck fear in the hearts of every European voter, the action of raising taxes has hurt just as much and perhaps the "trumpeting the failure of austerity as a reason to go full-Keynesian again" chatter will recede as facts overtake fallacies. As Mark Grant recently noted, there's a big divide between austerity pledged and austerity implemented, as it appears its more about raising taxes than cutting spending. - Zerohedge



As you can see, nations like Spain, Greece, and Italy have not curtailed their spending at all, just moved where the money was going to.  In this case, it away from public benefit programs and more towards the banks, corporations, and crony capitalists who helped create the problem in the first place.

Tuesday, January 24, 2012

Governments look to put the hammer down on ratings agencies

It took long enough, but it appears that sovereign governments just won't go down without a fight to save their corrupt economies.  In a event that makes you reminisce about the days of Benito Mussolini, the Italian police brought the hammer down and busted into the offices of Fitch weeks after the ratings agency began downgrading their sovereign debts, and uncovering the toxicity of their Euro bonds.

The Italian tax police was in the offices of ratings agency Fitch in Milan on Tuesday to carry out checks ordered by prosecutors investigating rival agencies Standard & Poor's and Moody's, a senior prosecutor told Reuters.

"Men from the financial police are at Fitch in Milan," said Carlo Maria Capristo, chief prosecutor in Trani.

The Trani prosecutors are investigating possible crimes of market manipulation and illicit use of privileged information when Standard & Poor's downgraded Italy earlier this month. - Reuters via Zerohedge


Now, we know the Fed releases inside information to their lackeys in advance of montary policy changes and news, and ratings agencies such as Fitch and Standard and Poor may be doing so as well, but it is humorous for nations such as Italy to be using that as a scapegoat to cover up their own poor abilities in dealing with economies, debt, and monetary systems.

Thursday, January 5, 2012

Euro falls below 128 as Italian econic crisis grows

The Euro has dropped more than 2 points over the past two days, to fall to a nominal low of 127.90 as new out of Italy led to the halt of Unicredit in overnight trading.

Following the 4th unhalt of UniCredit, its stock is now down 15% on the day as it scrambles to catch up to the fair value represented yesterday courtesy of the rights offering to be about 43% below the market price. As a result while the robotic decoupling in the US continues, as somehow America is supposed to be able to import and export from and to itself and completely ignore that it has about $3 trillion in European bank exposure, the EURUSD has just dipped to below 1.28 for the first time in over a year. - Zerohedge

In tandem, the dollar has risen more than .78 points to rise towards the 81 barrier on the index, and create a stronger scenario for the Fed to start warming up the printing presses.  US exposure to Euro banks assures that the US central bank will have little choice but to intervene at some time in the future to protect its own banking interests.

Thursday, December 29, 2011

Europe has no idea as seen by today's comments from Italy's PM three card Monti

To know for sure that the Euro and Euro Zone are toast, all one has to do is look at the multiple contridictions said last night by Italian PM Mario Monti, and his complete failure to say anything in regards to the future of the debt crisis.

  • *MONTI SAYS EUROPE MUST NOT GIVE UP MODEL OF SOCIAL WELFARE
  • *MONTI SAYS EUROPE CAN'T SUSTAIN CURRENT WELFARE SPENDING
  • *MONTI SAYS EFSF NEED `SIGNIFICANTLY MORE' FUNDING
Oh and this...
  • *MONTI SAYS NOTHING JUSTIFIES CURRENT ITALIAN SPREAD - Zerohedge

It is almost hilarious (sad funny) how ignorant these technocrats think the markets are, and how ignorant in fact, they themselves appear to everyone.  It beckons back to a time of Saturday morning cartoons, and Bullwinkle trying to sell is his own three-card Monti.


Wednesday, December 28, 2011

Dollar goes back over 80 on the index as the Euro collapses below 130

In an interesting turn of events this morning in the markets, the Euro out of nowhere suddenly collapsed and fell more than 100 bps to 129.58 while the dollar climbed more than .58 on the index to 80.39.

In pre-market news, the Euro was actually strengthening as Italy was able to manufacture a bond sale on their 6-month instruments, but that appears to have been short-lived as the US markets reversed their course and are selling in the red, while the currency climbs towards 81.

Gold, along with most commodities, has experienced a selloff of nearly $20, and oil is down more than $1 to $100.20.

Monday, December 19, 2011

Euro Circus: Italy to give money to the IMF to bailout Italy

We have to wonder now about the Italian education system, and the bright young minds who grow into politicians and central bankers in the Euro Zone.  Today, a letter by the IMF specified that Italy needs to provide $32 billion Euros to the banking institution so they can use the funds to bailout...

Italy.

EUstatement

Pretty soon, we are going to have to tax the American citizens more so they can pay off the debts the Federal government owes on their behalf.  Oh wait... we do that anyway, so maybe our education system is just as bad as the Italians.

Saturday, October 15, 2011

Occupy burning Rome: protesters set fires and bring violence to Italy

Rome is burning... only this time its not while Caesar fiddles.  In what started early this morning as a protest similar to the Occupy Wall Street crew, Italians fed up with their governments economic policies went to the streets, and shortly began 'burning down the house'.

http://video.corriere.it/polizia-spara-lacrimogeni-panico-roma/434fe3c6-f743-11e0-9ce3-b3213c3a5a87