The Cyprus Template: “Your Money AND Your Life”!
” … planning going on for global seizure of your money and your life by the British empire to try to salvage their completely bankrupt and unsalvageable financial system!”
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Jim Grant: Cyprus Fired A Warning Shot Across The Globe- Your Money is Not Really Yours if its Needed by the State!
- Jim Grant: Cyprus Fired A Warning Shot Across The Globe- Your Money is Not Really Yours if its Needed by the State!
by http://www.silverdoctors.com/
Jim Grant was back on CNBC comparing the ticking shot-clock in a March Madness game to the artificially low interest rates via manipulation by the Federal Reserve, allowing the Fed to stall the game without any real recovery.
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Grant also discusses his belief that the problems in Cyprus cannot be contained, and stresses the point that Your money in the Western banking system is not really yours if it is needed by the state! Grant goes on to state that This is the greatest and most perilous experiment in the history of paper money! and This will end in immense destruction of wealth!
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The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts!
The Western Illuminati Organization Chart. Source: http://www.stevequayle.com
- The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts!
by Michael, http://theeconomiccollapseblog.com/
Don’t be surprised when the global elite confiscate money from your bank account one day. They are already very clearly telling you that they are going to do it. Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup – an organization of eurozone finance ministers that was instrumental in putting together the Cyprus “deal” – and he has said publicly that what has just happened in Cyprus will serve as a blueprint for future bank bailouts. What that means is that when the chips are down, they are going to come after YOUR money.
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So why should anyone put a large amount of money in the bank at this point? Perhaps you can make one or two percent on your money if you shop around for a really good deal, but there is also a chance that 40 percent (or more) of your money will be confiscated if the bank fails. And considering the fact that there are vast numbers of banks all over the United States and Europe that are teetering on the verge of insolvency, why would anyone want to take such a risk? What the global elite have done is that they have messed around with the fundamental trust that people have in the banking system. In order for any financial system to work, people must have faith in the safety and security of that financial system. People put their money in the bank because they think that it will be safe there. If you take away that feeling of safety, you jeopardize the entire system.
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So exactly how did the big banks in Cyprus get into so much trouble? Well, they have been doing exactly what hundreds of other large banks all over the U.S. and Europe have been doing. They have been gambling with our money. In particular, the big banks in Cyprus made huge bets on Greek sovereign debt which ended up failing.
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But what happened in Cyprus is just the tip of the iceberg. All over the planet major financial institutions are being incredibly reckless with client money. They are leveraged to the hilt and they have transformed the global financial system into a gigantic casino.
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If they win on their bets, they become fabulously wealthy. If they lose on their bets, they know that the politicians won’t let the banks fail. They know that they will get bailed out one way or another.
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And who pays?
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We do.
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read more!
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Congressman: “It’s My Duty” To Get To The Bottom Of Massive DHS Ammo Buys!
- Congressman: “It’s My Duty” To Get To The Bottom Of Massive DHS Ammo Buys!
by Steve Watson, www.Infowars.com
“Our law enforcement can’t seem to buy their own ammunition”
The Californian Congressman heading up a group of Representatives who have demanded an explanation for massive ammunition purchases by the government explained yesterday that he feels duty bound to investigate the matter in a time when many Americans do not trust their government.
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Rep. Doug LaMalfa (CA), stated in a Fox News interview that he and fourteen other Congressman wrote to the Department of Homeland Security for answers because Americans deserve an explanation for what is a highly unusual situation.
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“There is a big mistrust by many many people of their government these days and so when they ask me to check in on this, I think it is my duty as an elected official, as a representative, to get to the bottom.” LaMalfa told host Megyn Kelly.
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“These are just questions that we think are appropriate, need to be asked, and they come from the people across the country.” he added.
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LaMalfa explained that the DHS’s explanation so far in its purchase of close to 2 billion hollow point bullets has not been acceptable, describing it as “a heck of a lot of rounds of ammunition and for some very dubious-sounding reasons.”
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“…people are wondering why, for example, is the Social Security Administration getting almost 200,000 rounds of hollow point ammunition.” LaMalfa said. “What is it about our social security checks and administration that we have guys toting hollow point around with them?”
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“If it’s for target practice, there is an awful lot of hollow point going out to these various agencies, that are not appropriate for target practice because they are much more costly rounds.” The Congressman noted.
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“So it’s one thing to have the right people go out and do the practice that they need to do, but I think this is certainly worthy of a series of questions because a lot of people want to know.” he added.
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“In this time of sequester where everything is a disaster, do they really have that kind of money to be spending on this amount of ammunition? Especially at a time when they are releasing many hardened criminals across the country.” LaMalfa also noted, referring to the recently uncovered strategy to release hundreds of prisoners in order to meet budget cuts.
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The Congressman also pointed to the fact that the ammo buys are contributing to nationwide shortages.
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“… all told it’s about 2 billion rounds out there and yes, local law enforcement is having a hard time. They are having to buy from people they know that might have a stash, or other means that really isn’t very professional.” The Congressman said.
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“It seems unusual and I think it is sending a wrong message to the people of this nation when they can’t buy their own ammunition. Our law enforcement can’t seem to buy their own ammunition.” he urged.
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read more!
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IT’S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses!
Global collapse super storm is coming! Graphic source: http://akhater.deviantart.com
“For the first time since the collapse of Lehman Brothers, those who lend their money to banks or keep their money in banks are at risk.”
- IT’S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses!
by Henry Blodget, http://www.businessinsider.com/
As expected, Cyprus and the EU reached a new late-night bailout deal last night that will reduce the chance that Cyprus’s financial system and economy will completely implode. The new deal is better than the last deal in one key respect:
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Deposits under 100,000 euros will be protected
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That’s very important. Those deposits were ostensibly “insured.” To seize them, the way the last bailout deal would have, would have been grossly unfair and would have set a truly alarming precedent.
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Now, small depositors in European banks can breathe more easily. At least in this case of gross malpractice on the part of reckless bank managers, their life savings have been preserved. Alas, the good news ends there.
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Although deposits under 100,000 euros will be spared, deposits over 100,000 euros will be seized and subjected to an as-yet undetermined haircut–with the confiscated money going to bail out the gambling losses of the aforementioned reckless idiots who run some of Cyprus’s banks.
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This seizure, needless to say, will dampen the enthusiasm of rich depositors for keeping money in banks that get themselves into financial trouble. And because many, many banks in Europe have gotten themselves into financial trouble, this will create a general state of unease among rich depositors throughout the Eurozone.
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And it should wig out some bank lenders, as well. After all, never before in the history of this global financial crisis has a major banking system allowed depositors to lose money, no matter how reckless and stupid and greedy their bank managers have been. And only rarely have bank lenders–those who hold bank bonds–been asked to pony up.
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In this case, however, the depositors will lose money. Perhaps a lot of money. And if there had been big bank debtholders in Cyprus, they probably would have been socked with losses, too.
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read more!
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Cyprus Bail-Out: Savers Will Be Raided to Save Euro in Future Crises, Says Eurozone Chief !
Click on image for article!
- The message is very clear: your money in the bank is not safe! The rich will withdraw their monies and go to safe havens like physical gold/silver! Do not be the last to get your money out of Eurozone banks! Massive bank runs will come soon, it may already be happening behind the scenes! Do we really believe: millionaires, billionaires are too dumb to understand the implications? This will cause bank holidays, riots in the streets, civil unrest … Look at what is happening in Cyprus now. It will happen in the rest of the Eurozone and America too!
- - The global economic, financial and currency meltdown is coming, sooner than most people think probable. The next step in the Illuminist plan is Albert Pike’s Satanic World War 3! Keep an eye on the Middle East. I no longer believe the North Koreans are bluffing. Kim Jong Un, the North Korean president, is probably insane. Or more likely an Illuminist-Satanist told during past covert visits by Anglo-American Illuminists to start the war! See: LEFT IN THE DARK: Secret U.S. Military Flights Carried Officials, Equipment to N. Korea! Ask yourself this: Why did Eric Schmidt, CEO of Google, Bilderberg member, visit North Korea in January?
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Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief!
by Bruno Waterfield, in Brussels, http://www.telegraph.co.uk/
Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.
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The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.
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The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.
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”If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?’,” he said.
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”If the bank can’t do it, then we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.”
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Ditching a three-year-old policy of protecting senior bondholders and large depositors, over €100,000, in banks, Mr Dijsselbloem argued that the lack of market contagion surrounding Cyprus showed that private investors could now be hit to pay for bad banking debts.
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read more!
Click on image to goto article!
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Out of this coming Eurozone collapse, the snakes will launch their 10 Horn Beast!
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Huge DHS Military Equipment Movement on Train in AZ March 2013. Martial Law?!
- Video: Hundreds Of DHS Armored Trucks On The Move?!
by Steve Watson, www.Infowars.com
Footage of hundreds of armored trucks, similar to ones reportedly purchased recently by the Department Of Homeland Security has appeared online, raising more questions over their intended use.
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The video was uploaded to YouTube last week by a user who stated that it was shot in the middle of the desert between Hackberry and Peach Springs, Arizona. It shows hundreds of military style trucks loaded on to a train, presumably in the process of being delivered domestically for law enforcement or military purposes.
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Jim Sinclair: Historic Events Are Unfolding Right Now!
- Sinclair – Historic Events Are Unfolding Right Now!
by www.kingworldnews.com
Today Jim Sinclair spoke with King World News about the historic events which are taking place, the unfolding drama in Cyprus, and bank runs in Europe. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
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Eric King: “Jim, this is a quote from your March 20th KWN interview”: “Cyprus cannot, will not, absolutely must not leave the euro. They know that quite well. So the break of the euro market down into the 1.28 area must have sent shock waves through decision-makers in euro land. Cyprus must be rescued because they cannot be allowed to leave the euro.” Again, you said that 5 days ago and that was incredibly accurate.”
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Sinclair: “Clearly Cyprus remains within the euro. That is a victory for the euro, not a defeat. What it means is Cyprus’ threat to leave the euro was the effective tool to bring what is now the heads of an agreement, but not particulars, whereby Cyprus remains in the euro. But going forward, selective banks can go broke and remain so….
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Cyprus, Massive Global Debt, Derivatives & The End Game!
- Cyprus, Massive Global Debt, Derivatives & The End Game!
by www.kingworldnews.com
Today John Embry told King World News that what is happening in Cyrpus is just a prelude to a more catastrophic day when the financial system grinds to a halt. He says the Cyprus disaster has frightened people all around the world and things will only get worse from here. Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say regarding this ongoing crisis:
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Eric King: “In the aftermath of what they are saying is a deal in Cyprus, John, what are your thoughts?”
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Embry: “We knew they would come back with another solution because they can’t afford for a country as small as Cyprus to bring down the whole euro construct. I think people recognize that Germany has a vested interest in keeping this thing afloat because their banking system is loaded with all of this peripheral country debt.
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The last thing the Germans want to see is Mediterranean countries leaving and defaulting on that paper. But they haven’t solved anything here. They are just kicking the can down the road, and they are setting up for a conclusion that will be more catastrophic when it finally arrives….
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Revealed, the Secret Plan to Airlift Stranded Britons from Cyprus: Military to Rescue Up To 60,000 Expats as Island Faces Financial Meltdown!
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Banking Chief Calls For 15% Looting of Italians’ Savings!
- Banking Chief Calls For 15% Looting of Italians’ Savings!
by Paul Joseph Watson, www.Infowars.com
News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for 15% of their savings.
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The government of Cyprus is set to vote tomorrow on enforcing a “tax,” which in reality is nothing less than a confiscation of private wealth, that would hit savers with between 100,000 to 500,000 euros with a levy of 9.9%. Those with over half a million euros will face an even higher rate of 15%.
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However, the scale of the robbery could have been far higher. As Zero Hedge reports, “It appears that the settled-upon 9.9% haircut is a ‘good deal’ compared to the stunning 40% of total deposits that Germany’s FinMin Schaeuble and the IMF demanded.”
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Now that the dictatorial EU and IMF have simply set about stealing the privately accrued wealth of lifetime savers in Europe, everyone is asking one question – who’s next?
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Joerg Kraemer, chief economist of the German Commerzbank, has called for private savings accounts in Italy to be similarly plundered. “A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product,” he told Handelsblatt.
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Although many Cypriots reacted with an anger over the theft of their savings, with one man threatening to drive a bulldozer into his local bank, the reaction has so far been noticeably calmer than one would expect in a country like Italy, which has already been hit with violent anti-austerity riots over the past year.
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Are we now seeing yet another example of the “IMF riot” – where the banking elite deliberately fosters social dislocation as a ruse to seize control of a nation’s economy and begin the process of asset stripping, just as happened in Greece and Argentina? Are Cyprus and Italy now in the crosshairs?
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As respected investigative reporter Greg Palast exposed in 2001, the global banking elite, namely the World Bank and the IMF, have honed a technique that has allowed them to asset-strip numerous other countries in the past – that technique has come to be known as the “IMF riot.”
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In April 2001, Palast obtained leaked World Bank documents that outlined a four step process on how to loot nations of their wealth and infrastructure, placing control of resources into the hands of the banking elite.
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One of the final steps of the process, the “IMF riot,” detailed how the elite would plan for mass civil unrest ahead of time that would have the effect of scaring off investors and causing government bankruptcies.
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“This economic arson has its bright side – for foreigners, who can then pick off remaining assets at fire sale prices,” writes Palast, adding, “A pattern emerges. There are lots of losers but the clear winners seem to be the western banks and US Treasury.”
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DHS Buying 100 Years Worth of Ammo! Why Does Homeland Security Need so Many Weapons and Enough Hollow-Point Rounds to Plug Every American Six Times?
Click on image for article!
- Feds buying 100 years worth of ammo!
by http://www.wnd.com/
Government’s argument ‘could only fool a career civil servant’
When the numbers are put in perspective, the federal government’s extraordinary buildup of ammunition looks even more ominous than critics already have portrayed it.
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An analysis by Forbes contributor Ralph Benko shows the 1.6 billion rounds of ammo that the government is acquiring would be enough for more than 100 years of training.
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As WND previously reported, it also would be enough ammunition to fight a war for more than 20 years. It would give the federal government enough ammunition to shoot every American more than five times.
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Concerned about surveillance drones, tanks in the streets and gun confiscation? Find out “HOW AMERICA IS BECOMING A POLICE STATE” in this shocking WND special report.
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The Department of Homeland Security argues it is buying in bulk to save money, explaining it uses as many as 15 million rounds a year for training law enforcement agents.
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Forbes columnist Benko, who worked for two years in the U.S. Department of Energy’s general counsel’s office in its procurement and finance division, doubts the government’s explanation.
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“To claim that it’s to “get a low price” for a ridiculously wasteful amount is an argument that could only fool a career civil servant,” he writes. But it’s not just the amount of ammo the feds are buying, it’s the type of ammo that’s also is causing concern.
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WND has reported the DHS order apparently includes hollow-point bullets. As WND recently reported, she believes the federal government is “stockpiling bullets in case of civil unrest.”
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Last month, Palin said the feds were afraid of what might happen if the sequester went into effect and if the government eventually went broke.
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She wrote on her Facebook page: “If we are going to wet our proverbial pants over 0.3% in annual spending cuts when we’re running up trillion-dollar annual deficits, then we’re done. Put a fork in us. We’re finished. We’re going to default eventually, and that’s why the feds are stockpiling bullets in case of civil unrest.”
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Weeks before Palin’s warning, WND CEO Joseph Farah paired the ammo buildup with a statement made by then-candidate Barack Obama in 2008 calling for a “civilian national security force” as big, as strong and as well-funded as the Defense Department.
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In Colorado July 2, 2008, Obama said: “We cannot continue to rely only on our military in order to achieve the national security objectives we’ve set. We’ve got to have a civilian national security force that’s just as powerful, just as strong, just as well-funded.”
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Farah asked: “Why does the civilian Department of Homeland Security need billions of rounds of ammunition? This is the agency that is responsible for policing the border. But it doesn’t. This is the agency that is responsible for catching terrorists. But it doesn’t. So why does Homeland Security need so many weapons and enough hollow-point rounds to plug every American six times?”
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The federal stockpiling of ammunition could cause a problem for local law enforcement agencies. WND reported in January that police and sheriff departments around the country were beginning to experience an ammo shortage.
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Brownells, the largest supplier of firearm accessories in the world, reported it had sold several years’ worth of ammunition in just a matter of hours. The company released a statement apologizing for the delay in fulfilling orders, explaining it had experienced “unprecedented” demand for AR-15 ammunition magazines since earlier in the week.
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Gun companies are already fighting back. Olympic Arms of New York, which sells AR-15s and other firearms, says it will no longer sell guns to police. A company statement says that’s because legislation “recently passed in New York outlaws the AR-15 and many other firearms and “will make it illegal for the good and free citizens of New York to own a large selection of legal and safe firearms and magazines.”
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Why is there a Satanic ’666′ Hexagram on the 450 million hollow tip rounds ordered by the DHS?
Click on image for article!
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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