James P. Tucker Jr. ~ Top Globalists Meet In Berlin To Plot Strategy

11American Free Press April 10 2013

Interesting information emerges from AFP’s source inside the Trilateral Commission meeting

The Trilateral Commission (TC), meeting near Berlin, March 15-17, devised a plan that would allow the International Monetary Fund (IMF) to reach into your wallet and grab your money. You can be sure the IMF, or “world treasury department,” will gladly take your cash.

United States Secretary of State John Forbes Kerry secretly attended the meeting under cover of “peace talks” in Baghdad. Kerry is a longtime Bilderberger. The Bilderberg group is an elitist set of corporate heads,major politicians, media moguls and financial kingpins who meet each year in guarded, closed-door policy meetings, to determine how the world should go.

The standard cover was a meeting in Brussels whereby TC boys and girls could duck into the meeting without explaining their absence back home. U.S. Representative Michele M. Bachmann (R-Minn.) also attended, which means TC considers her a potential president or vice president, despite charges in Congress that she misused campaign funds.

Trilateralists thought the potential dip into your pockets was amusing.

Antonio Borges of Washington, former director of the European Department of the IMF, was overheard by a source laughing and saying that people will not even notice the new levy.

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Stephen Lendman ~ Defending IMF Financial Terrorism

Activist Post April 7 2013

On March 29, New York Times editors headlined “Strengthening the IMF.” What demands abolition, they support. It doesn’t surprise.
Longstanding Times policy supports wealth, power and privilege. Populist interests are spurned. Unmet human needs are ignored. Managed news misinformation is featured. Wrong over right is endorsed. It’s been so from inception.Times editors admit IMF policies aren’t widely loved. It “forced countries in financial distress to adopt counterproductive austerity policies, and it failed to anticipate the financial crisis.”

No matter. It “helped stabilize the global economy, most recently by providing loans to troubled European countries like Greece and Ireland.” It’s “the world’s primary defense against global financial disasters.”

“Increasing the fund’s resources will ensure that it can respond quickly to another wave of turmoil in Europe or elsewhere that would inevitably hurt the American economy.”

It’s hard imagining more twisted thinking.

Times editors endorse doubling the fund’s capital. Doing so assures twice as much damage. IMF policies reflect financial terrorism. Abolish the fund now and end it.

It’s hugely exploitive. It’s the loan shark of last resort. It makes neighborhood ones look saintly by comparison. It doesn’t solve problems. It exacerbates existing ones. It creates new ones. It debt entraps nations. Bondage suffocates them.

Public wealth shifts to private hands. Western bankers and other corporate favorites profit hugely. Ordinary people suffer.

Indebted nations are obligated to take new loans. They’re needed them to service old ones. Doing so increases indebtedness. Structural adjustment harshness follows. It’s force-fed. Debtor nations have no choice. IMF diktats demand:

  • privatizing state enterprises;
  • selling them at a fraction of their real worth;
  • mass layoffs;
  • deregulation;
  • deep social spending cuts;
  • wage freezes or cuts;
  • unrestricted free market access for Western corporations;
  • corporate-friendly tax cuts;
  • tax increases for working households;
  • trade unionism crushed or marginalized; and
  • harsh repression against non-believers.

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James Hall ~ Move Over IMF For The BRICS Development Bank

BATR April 3 2013

The International Monetary Fund is an extortion financier’s outfit for a gang of exploiter banksters. The colonists of global mercantilism operate on extending credit with strings attached and assets targeted for attachment. Poor and underdeveloped economies beg for roll over extensions of old debt in an endless circle of currency debasement and resource transfer. So why anyone would get excited over a competing banking house, seems to escape implications within the news publications.

The Global Post describes in the article, BRICS countries to form new development bank.

“The bank is intended to fund development and infrastructure projects in BRICS nations and elsewhere. First discussed a year ago, it has been described as an alternative to the IMF and World Bank for developing countries.

Although the plan is the biggest announcement to come out of a summit of BRICS leaders in Durban, South Africa, where they signed an accord today, details such as how much capital the bank will have, its structure and its location have yet to be worked out.”

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Would this development bank become simply a Chinese dynasty investment structure based upon the weight of their financial leverage within the system? Or would the union of eager modernizing countries really be the future formula for economic growth and wealth? On the surface the positive foreign reserves and lower indebtedness seem to answer a resounding yes, but look a little deeper.

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Mike Adams ~ Cyprus Bank Bailout Agreement Is Pure Theft: 40% Of Private Deposits To Be Looted From Selected Accounts

NaturalNews March 25 2013

A brand new looting arrangement has been reached concerning Cypriot banks. It involves seizing the funds of all accounts over 100,000 euros, then stealing up to 40% of those funds sometime over the next few weeks, or whenever EU bureaucrats get around to deciding exactly how much to steal.

So instead of 10% being stolen from most accounts, as was originally proposed, the new deal is that 40% will be stolen from selected accounts, but not from accounts holding less than 100,000 euros. Why the 100,000 threshold for having your money stolen by the banking system? Because all EU bank accounts are insured up to 100,000 euros. So the banksters figured they could just steal anything over 100,000 and say, “Heh, it wasn’t insured, your loss!”

IMF chief Christine Lagarde characterized the theft as “a lasting, durable and fully financed solution.” And if that’s not enough of a solution, they can always loot more private accounts to reach a new solution!

Sure, it’s a great solution… if you’re the banksters stealing all the money from private account holders. But from the point of view of depositors, this “solution” looks a lot more like a mugging.

Entire accounts seized indefinitely

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Stephen Lendman ~ Cyprus Seeks 11th Hour Deal

Stephen Lendman March 24 2013

When politicians conspire with bankers, ordinary people suffer most. Cypriot crisis conditions continue. One bad plan follows others.

The latest is unprecedented. Cypriot and Eurocrat officials are close to agreement. At issue is levying a one-time 20% tax on Bank of Cyprus deposits over 100,000 euros. Similar amounts in other banks will be assessed 4%.

Cyprus has to raise 5.8 billion euros by Monday. Otherwise emergency ECB funding will end. Eurocrats require it for a 10 billion euro bailout.

On Sunday, Cypriot President Nicos Anastasiades will meet Eurocrats in Brussels. They have final say.

Cypriot legislators enacted nine related laws. They include non-cash transaction restrictions, freezing check cashing, limiting withdrawals, and converting checking accounts into fixed-term deposits.

Eurocrats demand more. They want their pound of flesh. Eurozone finance ministers scheduled an emergency Sunday evening Brussels meeting. IMF and ECB officials will join them.

Anastasiades will present his latest proposal. They have to agree. Cypriot parliament approval must follow. Events are fast moving. They bode ill for ordinary Cypriots.

Demonstrators protested outside the presidential palace. “Resign! Resign! they shouted. They fear lost jobs and hard times. Force-fed austerity assures it.

Cypriots face a Greek tragedy. Economist Yanis Varoufakis explained. Social conditions are appalling. Austerity “led to a depressed economy and a depressed population.”

No “silver linings” exist. “Even profitable companies go under.” Greek bank guarantees aren’t accepted abroad.

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Michael Snyder ~ Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

Economic Collapse Blog March 21 2013

European officials are openly admitting that the two largest banks in Cyprus are “insolvent,” and it is now being reported that Cyprus Popular Bank only has “enough liquidity to cover the next few hours“.  Of course all banks in Cyprus are officially closed until Tuesday at the earliest, but there have been long lines at ATMs all over Cyprus as people scramble to get whatever money they can out of the banks.  Unfortunately, some ATMs appear to be “malfunctioning” and others appear to have already run out of cash.  You can see some photos of huge lines at one ATM in Cyprus right here.  Some businesses are now even refusing to take credit card payments.  This is creating an atmosphere of panic on the streets of Cyprus.  Meanwhile, the EU is holding a gun to the head of the Cyprus financial system.  Either Cyprus meets EU demands by Monday, or liquidity for the banks will be totally cut off and Cyprus will be forced out of the euro.  It is being reported that European officials believe that the “economy is going to tank in Cyprus no matter what“, and that it would be okay to let the financial system of Cyprus crash and burn if politicians in Cyprus are not willing to do what they have been ordered to do.  Apparently European officials are very confident that the situation in Cyprus can be contained and that it will not spread to other European nations.

Unfortunately, European officials are losing sight of the bigger picture.  If the largest banks in Cyprus are allowed to fail, it will be another “Lehman Brothers moment“.  The faith that people have in banks all over Europe will be called into question, and everyone will be wondering what major European banks will be allowed to fail next.

Meanwhile, European officials have already completely shattered confidence in deposit insurance at this point.  Everyone now knows that when there is a major bank failure that depositors will be expected to share in the pain.  Expect to see “bank jogs” all over southern Europe over the coming weeks.

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Michael Snyder ~ Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

The Economic Collapse March 20 2013

Why is the global economy in so much trouble?  How can so many people be so absolutely certain that the world financial system is going to crash?  Well, the truth is that when you take a look at the cold, hard numbers it is not difficult to see why the global financial pyramid scheme is destined to fail.  In the United States today, there is approximately 56 trillion dollars of total debt in our financial system, but there is only about 9 trillion dollars in our bank accounts.  So you could take every single penny out of the banks, multiply it by six, and you still would not have enough money to pay off all of our debts.  Overall, there is about 190 trillion dollars of total debt on the planet.  But global GDP is only about 70 trillion dollars.  And the total notional value of all derivatives around the globe is somewhere between 600 trillion and 1500 trillion dollars.  So we have a gigantic problem on our hands.  The global financial system is a very shaky house of cards that has been constructed on a foundation of debt, leverage and incredibly risky derivatives.  We are living in the greatest financial bubble in world history, and it isn’t going to take much to topple the entire thing.  And when it falls, it is going to be the largest financial disaster in the history of the planet.

The global financial system is more interconnected today than ever before, and a crisis at one major bank or in one area of the world can spread at lightning speed.  As I wrote about yesterday, the entire European banking system is leveraged 26 to 1 at this point.  A decline in asset values of just 4 percent would totally wipe out the equity of many of those banks, and once a financial panic begins we could potentially see major financial institutions start to go down like dominoes.

We got a small taste of what that is like back in 2008, and it is inevitable that it will happen again.

Anyone that would tell you that the current global financial system is sustainable does not know what they are talking about.  Just look at the numbers that I have posted below.

The following is the global financial pyramid scheme by the numbers…

$9,283,000,000,000 - The total amount of all bank deposits in the United States.  The FDIC has just 25 billion dollars in the deposit insurance fund that is supposed to “guarantee” those deposits.  In other words, the ratio of total bank deposits to insurance fund money is more than 371 to 1.

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James Hall ~ The Cyprus Great Bank Robbery

BATR March 20 2013

When does banksters’ extortion become outright theft? The latest example and escalation by the placing a levy fee on bank deposits in the tax haven of Cyprus illustrates the bold step of seizing private liquid saving accounts, under the guise of a government tax. The prospects of an all out run on the banking system have jumped tenfold. Essentially, a government is using the power of the state, to steal funds not because of the bankruptcy of a banking institution, but because of a failure of the entire EU financial system. The forbidding precedent of a seizure of individual wealth, by a stroke of a pen, runs contrary to the shrinking confidence in fiduciary trust of cash placed in banking accounts.

The risk of pronounced turmoil in financial markets has just elevated, as the harsh reality of surrendering your economy to the demands of an untenable debt burden dictatorship, is obvious to anyone with a bank account. The savings of a lifetime is now subject to confiscation. The pitiful explanation of Cypriots’ president defends bailout deal, clearly reveals that the globalist financial central bank system is determined to impoverish individual nest eggs.

“President Nicos Anastasiades said Cyprus had little option but to accept the bailout deal, which imposes a levy on the country’s bank deposits – an unprecedented step in the eurozone crisis. Without it, he said, Cyprus’ banking system would have collapsed on Tuesday.

Anastasiades said that’s when the European Central Bank would have stopped providing emergency funding to Cyprus’ troubled banks. Such a collapse would have driven the country to bankruptcy and possibly out of the eurozone, he said.”

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Harley Schlanger ~ The Rape Of Cyprus & The Euro Zone [Video]

SGTbull07 March 19 2013

Harley Schlanger and I discuss the latest from Cyprus and the Euro Zone where the Banksters in Germany, in the City of London and at the IMF have reached new levels of criminality. Make no mistake about it, as bad as the attempted theft in Cyprus is, the real risk is in Italy and France which owe hundreds of billions.

Cyprus is merely a litmus test for what the Banksters really want to do, which is to RAPE the entire Euro Zone in order to “save” the criminal banks and save their overtly criminal, overtly evil system.

Harley’s website