PEOPLE ITS TIME TO WITHDRAW ANY MONEY SITTING IN A BANK ACCOUNT. DEFINATELY BEFORE OR ON DEC 7TH IF YOU WANT TO HAVE SOME MONEY AT THE WINTER SOLSTACE.
Euro under siege after Portugal hits panic button
The euro is facing an unprecedented crisis after another country indicated that it was at a “high risk” of requiring an international bail-out.
Portugal became the latest European nation to suggest it was on the brink of seeking help from Brussels after Ireland confirmed it had begun preliminary talks over its debt problems.
Greece also disclosed yesterday that its economic problems are even worse than previously thought. Last night, the German Chancellor Angela Merkel raised the spectre of the euro collapsing as she warned: “If the euro fails, then Europe fails.”
European finance ministers will meet in Brussels tomorrow to begin discussions over a new European stability plan that is expected to lead to billions of pounds offered to Ireland, Portugal and possibly even Spain.
David Cameron said he was thankful that Britain had not joined the euro, but indicated his displeasure that taxpayers in this country faced a £7 billion liability in any bail-out packageIreland has resisted growing international pressure to accept EU financial assistance amid concerns that this would lead to a surrender of political and economic sovereignty.
However, the German government is expected to signal today that Ireland may have to accept a £77 billion bail-out, along with a loss of economic and political independence, as the price of preserving the euro.
WE SHOULD BE LETTING THE BANKS FALL ,NOT SELLING OURSELVES AND OUR CHILDREN AS DEBTORS SLAVES. A LESSON FOR THE BRIGHTEST AND THE BEST. FREE MARKET CAPITALISM EXPLAINED its not that difficult , so you see we do not need the brightest and the best.
1.Availability of credit allows money to flow between savers and borrowers.
2.Resources and funds are allocated to various projects or investments during a boom phase.
3.Eventually borrowing becomes excessive and leads to malinvestment,
4.At this stage, adherence to free market theory would allow for an efficient cleansing period and a healthy recovery period. How? Irresponsible and unprofitable businesses fail. Bad debts get liquidated. Excess resources go on sale, flow into more stable ventures and pool together with more profitable resources controlled by healthy corporations or entities
NEWSFLASH , UK ,USA,EU BANKS FOUND TO BE UNPROFITABLE AND IRRESPONSIBLE . THEREFORE YOU GET ASSET STRIPPED AND REPLACED BY RESPONSIBLE AND PROFITABLE BUSINESS MODELS!!
YET AGAIN THE FRENCH SHOW US THE WAY TO BRING THE BANKS DOWN ,VIVE LA FRANCE
In France they are not wasting time.They are organising themselves to withdraw their money from the banks on the 7th of December!!
French activists call for a Europe-wide and joint account termination on 7 December on. Everyone should get his money from the account.
Eric cantona (football player): The best interview ever [HQ]
by Lo sai
“they go to the bank, withdraw thier money from the banks and these ones collapse”
THE DIRECT DEMOCRACY OF ICELAND JUST ARRESTED THE CRIMINAL BANKERS AND THIER PRIME MINISTER ,THEY THEN RAN THE NEXT PARLIMENT OUT OF TOWN.TODAY ICELAND IS GOVERNMENT AND DEBT FREE!!!
Iceland: Int’l Arrest Warrant Against Top Bank Official
by Lowana Veal (reykjavik)Wednesday, May 12, 2010
Inter Press Service
Vigorously pursuing those allegedly responsible for Iceland’s 2008 financial crisis, investigators have got issued an international arrest warrant against Sigurdur Einarsson, chairman of the board of governors of the failed Kaupthing Bank.
An Interpol notice on Tuesday said Einarsson was wanted on charges of counterfeiting, forgery and fraud.
Einarsson, who lives in London, was said to be reluctant to come to Reykjavik for fear of being arrested and Icelandic authorities have refused to offer any assurances.
Yet another day of Iceland banking arrests
Posted on11 May 2010.
Ingolfur Helgason, the former Director of Kaupthing Iceland, and Steingrimur Karason, former CEO of the bank’s risk management department, were both arrested today upon arriving back in Iceland. They went straight to interrogation with the Special Prosecutor and are being held in police cells.
Bankers jailed, sued as Iceland seeks culprits for crisis
Since Iceland’s three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
But the publication last month of a parliamentary inquiry into the island nation’s profound financial and economic crisis signaled a turning of the tide, laying much of the blame for the downfall on the former bank heads who had taken “inappropriate loans from the banks” they worked for.
On Wednesday, the administrators of Glitnir’s liquidation announced they had filed a two-billion-dollar (1.6-billion-euro) lawsuit in a New York court against former large shareholders and executives for alleged fraud.
MY ADVICE IS GET YOUR MONEY OUT OF THESE IRRESPONSIBLE AND UNPROFITABLE BANKS AND BUY PRESCIOUS METALS FOR SPENDING MONEY AND MAKE SURE YOU HAVE ENOUGH TINNED GOODS TO SEE YOU THROUGH A ROUGH PATCH.
DO NOT BUY DOLLARS THEY ARE IN AN EVEN WORSE STATE THAN THE EURO.
Citigroup Warns Customers It May Refuse To Allow Withdrawals
“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,” Citigroup said on statements received by customers all over the country.
OF COURSE CITIGROUP SAYS ITS NOTHING TO WORRY ABOUT
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to “insure” about $1 trillion in assets across the nation’s financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
2010-11-17 Foreclosure Hearing.
The Truth leaks out… THE BANKS ARE ROBBING YOU AND ARE IN FACT BANKRUPT!
Georgetown Professor Tells Congress: “Citigroup, Bank Of America, JPMorgan & Wells Fargo Are All INSOLVENT”
THIS IS JUST A NATION BEING LOOTED
In case it’s not crystal clear, this isn’t the “Great Recession”.
It’s really the Great Bank Robbery.
First, there was the threat of martial law if the $700 Billion Tarp bailout wasn’t passed. Specifically, Treasury Secretary Hank Paulson warned Congress that there would be martial law unless the Tarp bailouts were approved.
The New York Times wrote on July 16th:
In retrospect, Congress felt bullied by Mr. Paulson last year. Many of them fervently believed they should not prop up the banks that had led us to this crisis — yet they were pushed by Mr. Paulson and Mr. Bernanke into passing the $700 billion TARP, which was then used to bail out those very banks.
Congressmen Brad Sherman and Paul Kanjorski and Senator James Inhofe all say that the government warned of martial law if Tarp wasn’t passed:
Indeed, the Tarp Inspector General has said that Paulson misrepresented some fundamental aspects of Tarp.
And Paulson himself has said:
During the two weeks that Congress considered the [Tarp] legislation, market conditions worsened considerably. It was clear to me by the time the bill was signed on October 3rd that we needed to act quickly and forcefully, and that purchasing troubled assets—our initial focus—would take time to implement and would not be sufficient given the severity of the problem. In consultation with the Federal Reserve, I determined that the most timely, effective step to improve credit market conditions was to strengthen bank balance sheets quickly through direct purchases of equity in banks.
So Paulson knew “by the time the bill was signed” that it wouldn’t be used for its advertised purpose – disposing of toxic assets – and would instead be used to give money directly to the big banks?
THEY HAVE BEEN TRADING IN FAKE GOLD FOR A WHILE JUST TO KEEP THE ECONOMY GOING AND THEY STILL NEED MORE BAILOUTS WHEN THE AMERICAN ECONOMY CANNOT EVEN MAKE ITS INTEREST PAYMENTS ON THE DEBT IT HAS
Central Banks Cut Holdings of U.S. Agency Debt by 7% This Week
September 17, 2010, 3:24 PM EDT
Sept. 17 (Bloomberg) — Central banks outside the U.S. are among investors that cut holdings of debt from government- related companies including Fannie Mae and their mortgage bonds by $57 billion in a week, according to Federal Reserve data.
US TRADING IN FAKE GOLD
Fort Knox is EMPTY – Gata on FOX
Gata’s Bill Murphy, surprisingly on FOX desribing the scams that the central banks have been perpetrating to rig gold markets and make the USD seem more valuable than it really is.
The FED refuses to be audited, if they were….the game would probably be up.
Large Central Banks and investement banks have held VERY large SHORT positions in gold keeping the prices down and manipulating them whenever it gets to high.
Gold Plated Tungsten Bars- Biggest Financial Swindle In History?
Bob Chapman from the International Forecaster explains the debacle. Like ‘Climategate’ this story is getting nearly ZERO coverage. It seems to me, that this should be front page news…Investigate this story, it is rich, and there are a lot of opinions. I tend to think this will explode. Will anyone go to jail? I doubt it, seems like a guy can go to jail for smoking a reefer, but to rip off the world, no big deal. What a joke. Bob Chapman’s website: http://www.theinternationalforecaster…
Bob Chapman on the Tungsten Plated Gold Bars Scandal
German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”
White translation is confirmed as accurate – yellow is not.
DO NOT LET THIS PUT YOU OFF BUYING GOLD COINS ETC.BUT DO NOT BUY GOLD PAPER CREDITS AS THEY TOO ARE OVER SOLD (FRAUD!!) BY THE BANKS AND TRADING HOUSES AND ITS THESE PAPER CREDITD THAT ARE BACKED WITH FAKE GOLD!!
IT IS ALSO A PLOY TO KEEP THE STOCK MARKET AND THE FIAT CURRENCIES FLOATING IF INVESTORS THINK THERE IS A PROBLEM WITH GOLD!!
REMEMBER THESE ARE DESPERATE PEOPLE WILLING TO KILL IF REQUIRED.
THEY MUST BE BROUGHT DOWN IF WE THE PEOPLE ARE TO BE FREE AGAIN.
REMOVING ALL YOUR MONEY FROM THE BANKING SYSTEM SEEMS THE EASIEST NON-VIOLENT WAY