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 too big to fail. Show all posts
Showing posts with label too big to fail. Show all posts

Tuesday, November 29, 2016

Donald Trump interviewing a potential Treasury Secretary who advocates gold standard and ending the Fed

If there is one thing you can say about President-Elect Donald Trump so far is that he has been very thorough in interviewing candidates for his administration.  From appointing a loyal supporter like Dr. Ben Carson to the position of Director of HUD while at the same time dumping former loyalist Chris Christie, to being willing to listen to and talk with a staunch adversary like Mitt Romney, to date Trump is sticking to his word in trying to finding the best person for the job no matter what side of the aisle they are on.

Yet one cabinet position remaining to be filled in his administration has seen as much contention as that of Secretary of State.  And so far the only real candidates interviewed have been those from the establishment, and tied to the banking cabal that are at the core of Washington's elite swamp.

Until now.

On Nov. 28 Donald Trump met with the former CEO of BB&T to perhaps discuss his potential to become the next Secretary of the Treasury.  And what makes John Allison unique is that as opposed to a banker from Goldman Sachs or J.P. Morgan who would strive to keep the status quo, Allison is a staunch advocate of returning the monetary system to a gold standard, and eliminating the Federal Reserve as the country's money printer.

On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. 
There have been reports that Allison is being considered for Treasury secretary.
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed. 
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute. 
Allison said that simply allowing the market to regulate itself would be preferable to the Fed harming the stability of the financial system. 
"When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult," Allison wrote. "Markets do form bubbles, but the Fed makes them worse." 
Allison also suggested that the government's practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by "a market standard such as gold." - Business Insider
What makes John Allison different than the string of too big to fail bank executives that have proliferated the office of the Treasury over the last several administrations is that BB&T is considered to be a mid-size regional bank, and not among the protected financial oligarchies that have a history of fraud and corruption, and who are reliant upon the expansion of cheap credit from the Fed to be able to continue running their criminal schemes.

With both Russia and China very open to a return to some form of a gold standard in international trade or reserve currency standard, the confirmation of a pro-gold standard Secretary of the Treasury would go a long way in helping Donald Trump to negotiate a currency reset to deal with the untenable debt that both the U.S. and most of the world are being suffocated under.  And this would also mean that the gold price would finally be released to climb to its true value, as the supply of metal would need to be valued much much higher to backstop the amount of currency and debt that are currently floating around the global financial system.

Sunday, April 17, 2016

FDIC study determines most large American banks not ready for next financial crisis

On April 13, the FDIC issued a new report from a study they made regarding the ability of major U.S. banks to deal with a systematic financial collapse.  And in their findings, the FDIC is reporting that 5 of the 8 ‘too big to fail’ banks do not have feasible plans in place to stave off a crisis, and in fact are geared towards the expectation that the government and taxpayers will bail them out once again.
Despite the fact that the 2010 Banking Reform Act specifically placed bond and equity holders as the entities which would bail out a financial institution during the next crisis, major U.S. banks have summarily ignored the new laws and are sure that fear and panic will cause the government to give in and bail them out as they did eight years ago.
taxpayer-big-banks
Read more on this article here...

Thursday, July 2, 2015

What a novel concept… British legislators call for cancelling Greek debt by confiscating money from banks

As Greece races towards tomorrow’s deadline, several legislators within the British government are offering an entirely different solution to the problem.  On June 29, 25 MP’s from outside the leading conservative party have suggested that the Eurozone cancel the $380 billion Greece owes the IMF and Troika, and instead have the creditors seize the money from the institutions who actually profited from the Greek crisis.
The banks.
 
Read more on this article here...

Saturday, May 2, 2015

Western bankers have nearly achieved total control over economic, financial, and political policies

When Rothschild issued his famous decree, “Give me control of a nation’s money and I care not who makes it’s laws”, it was not fully understood at the time what this would entail for the Western world.  But hundreds of years later, these ominous words have come to pass and the private banking cabal has nearly achieved its goal of complete and total control over the economic, financial, and political policies of half the world.

But what exactly does it mean to have control over economic and political policies?  Charles Hugh-Smith wrote on this recently, and stated that politicians now are afraid to pass any legislation that might impede the progress and profitability of banks, corporations, and markets, and in doing so has put restrictions on the people, not the banks, when events lead towards crises, insolvency, or collapse.


Read more on this article here...

Monday, November 21, 2011

Banks that are officially listed as too big to fail

In 2008, the American people learned a new catch phrase during the credit crisis and bursting of the Housing Bubble.  That term was known as 'too big to fail', and allowed the government and the Fed to use taxpayer money to bailout financial institutions that were not only created by Congressional legislation and supported oversight, but should have been allowed to fail as was the standard in the past for bankrupt companies.

Once again in 2011, the issue has proven not to have been addressed, and the Financial Stability Board (FSB) has issued a list of 29 banks that are given the gold seal of 'too big to fail'.

The initial list of G-SIFIS:
Belgium: Dexia

China: Bank of China

France: Banque Populaire, BNP Paribas, Crédit Agricole, Société Générale

Germany: Commerzbank, Deutsche Bank

Italy: Unicredit

Japan: Mitsubishi, Mizuho, Sumitomo Mitsui

Netherlands: ING

Spain: Santander

Sweden: Nordea

Switzerland: Credit Suisse, UBS

UK: Barclays, HSBC, Lloyds, Royal Bank of Scotland

US: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, State Street, Wells Fargo
What you may find interesting, is that many of these banks are owners of the US Federal Reserve, so this is the KEY fundamental which allows the designation of 'too big to fail'.

The powers that be will NEVER allow their own to suffer, not when they can get their minions in government to protect them at all cost at the detriment of the people.