Category Archives: Banking & Finance

$100B BRICS Monetary Fund to Be Operational in 30 Days

While the Atlantic nations and their allies are covertly negotiating on how to strengthen the Corporatocracy by passing secretive trade agreements that even the puppet lawmakers haven’t read yet or don’t really care to know what’s in them, the BRICS countries have been busy organizing multiple banks with committed funding of $100 billion each, to cater the needs of underdeveloped nations without the usual strings attached.
Continue reading $100B BRICS Monetary Fund to Be Operational in 30 Days

Athenian Democracy vs. Neoliberal Gods

Tsipras is, of course, right; he had to call a referendum because the troika had delivered “an ultimatum towards Greek democracy and the Greek people.” Indeed, “an ultimatum at odds with the founding principles and values of Europe.”
Continue reading Athenian Democracy vs. Neoliberal Gods

Greek Default: What are the Options?

Do the Greeks deserve to be free from debt slavery?
As harsh as this simple question would be, this actually applies to everyone. The rulers of the world have their own doctrine, i.e. a presumption that people must be ruled before they kill themselves with their freedom.
Continue reading Greek Default: What are the Options?

The Lies and Deception Known as the European Union

We’ve long known that trade pacts and organized economic blocks are not really instituted for our benefit but for facilitating totalitarian control in its grandest scale, and the recent leaking of the IMF document, emphasizing the futility for Greece to have accepted the Troika’s terms, only proves that sinister objective even more.
Continue reading The Lies and Deception Known as the European Union

Greece Intends to Become A BRICS Member

After the Greeks say a loud “OXI” come July 5th, Greece might consider Putin’s offer for her to become the newest BRICS member on July 9th as the organization holds its annual meeting in Russia. When that happens, it will be the biggest slap to the European Cabalists as the once beacon of democracy officially pivots to the East.
Continue reading Greece Intends to Become A BRICS Member

Greece Closes Banks 'til Referendum as ECB Flip-flops on ELA

Earlier, the ECB committed to not cutting the ELA funds to the Greek banks. But this has turned out to be a fluke as most of those in the Troika are hell bent on toppling the Tsipras government in much the same way as they imposed sanctions on Russia to topple Vladimir Putin.
Continue reading Greece Closes Banks 'til Referendum as ECB Flip-flops on ELA

Cabal Markets Plunge as Greeks Scream “We don’t owe, we won’t sell, we won’t pay.”

Stock markets worldwide are plunging just by the virtue of the Greeks’ unwillingness to bite the austerity bullet once more as imposed upon them by the Troika Vulture Funds.
Continue reading Cabal Markets Plunge as Greeks Scream “We don’t owe, we won’t sell, we won’t pay.”

What's Next for Greece?

Pain, heartbreak and then…. Recovery!
That’s from their own Thema news network, and that maybe is where the Greeks are headed after the majority in the Greek Parliament voted to have the Troika bailout terms be put to a national referendum.
Continue reading What's Next for Greece?

Fiat Financial System's Assured Collapse Sans Greek Contagion

This is a pretty concise and truthful take on the current mufti-layered financial-geopolitical drama centered on the Atlantic economies, and is a very useful addition to what we already know to date.
Continue reading Fiat Financial System's Assured Collapse Sans Greek Contagion

Tsipras Gov't Submits EU Bailout "Blackmail" to Nat'l Referendum; Greeks Still Lining Up in ATMs @ 2AM

Greek PM Tsipras just submitted the IMF/ECB/EU’s “humiliating and blackmail” bailout proposal that requires the Greek government to impose VAT as high as 45%, and massive pension cuts that have resulted to the widespread “misery and pillaging” of the country since its debt crisis exploded five years ago, to a national referendum.
Continue reading Tsipras Gov't Submits EU Bailout "Blackmail" to Nat'l Referendum; Greeks Still Lining Up in ATMs @ 2AM

Greek PM Tsipras Capitulates to Fiat Troika Vultures

After five months of melodramatic debt negotiations, it turns the Troika fiat money lenders are better poker players than the current Syriza government in Greece. It decided to bite the bullet, i.e. a six month supply of paper money in exchange of a sizable pension funds and an increase in VAT collections.
Continue reading Greek PM Tsipras Capitulates to Fiat Troika Vultures

Greek Debt Committee Just Declared All Debts "Illegitimate, And Odious"

In a preliminary move to declaring default, the Greek Debt Committee concluded that all debts to the troika are odious and illegal.
When the default is declared officially it will be the beginning of the end to the single currency union that is the Eurozone.
A few more sleep, folks!
Continue reading Greek Debt Committee Just Declared All Debts "Illegitimate, And Odious"

Texas Takes 1st Step to Secession by Repatriating $1Billion Gold from Federal Reserve

In our previous post, When Empires Fall, a Brazilian journalist arrives at a a bold but not entirely baseless conclusion about how the United States may follow the template of the Soviet collapse in the early 1990s where individual states within the communist union decided to break away from Mother Russia.
The problem for the Americans, and the world at large, is…
Continue reading Texas Takes 1st Step to Secession by Repatriating $1Billion Gold from Federal Reserve

Power of Gold

We were all expecting a grand global announcement of a shift from fiat dollar to gold standard, actually a basket of sovereign currencies backed up by hard assets, e.g. oil, natural gas, copper, silver and gold, and yet, it is turning out not to be the case.
What we are seeing right now is a gradual implementation of that shift.
Continue reading Power of Gold

Will Europe Survive the Collapse of the Euro System?

Now that the Greeks have shown their resolve not to accept more austerity dictates from the Troika, suddenly, no less than the head of the European Parliament is expressing readiness to “meet Greece halfway” to finally end the the four month long impasse in the Greek-Troika Debt negotiation.
Continue reading Will Europe Survive the Collapse of the Euro System?

Greek Banks On Verge Of Total Collapse

The collapse of the Greek economy is fast approaching.
There’s a very high probability that it won’t be able to pay $1.8 billion owed to the IMF this month.
Both Tsipras and Putin are said to be talking about the options in dealing with inevitable possibility of a “Grexit”.
The local banking industry is already heating up from massive withdrawals.
Continue reading Greek Banks On Verge Of Total Collapse

Greece @ Breaking Point; Grexit Will Trigger ECB Demise

Three days ago, Greece interior ministry admitted it won’t have money to pay its June obligations to the IMF. A sizable $1.8 billion needed to be raised and from the looks of it, nobody in the EU is willing to kick the can one more time.
Continue reading Greece @ Breaking Point; Grexit Will Trigger ECB Demise

Outline of ‘Future of BRICS institutions’

 In the run-up to the 7th BRICS leaders Summit to be hosted by Russia, Foreign Minister Sergey Lavrov will attend an event in Moscow on Saturday to outline priorities for Russia within the group of five.

Continue reading Outline of ‘Future of BRICS institutions’

AIIB Members Discuss Shareholding & Other Specifics

The $100 billion Asian Infrastructure Investment Bank’s 5th Chief Negotiators’ meeting has ended in Singapore on Friday.
Delegates and representatives from 57 countries which had joined the China-led Bank as founding members have discussed stake-holding, draft of articles and shares in the newly found lender.
Continue reading AIIB Members Discuss Shareholding & Other Specifics

Settlement by 5 Big Banks Consistent With History of Fraud

The $5.7 billion settlement for rigging the already rigged fiat financial institution is just a slap on the wrist for the banksters. The amount will never serve future deterrence for corruption but could easily be considered as part of the cost of doing business.
The penalty is just a mere drop of the $300 trillion Libor bucket.
Continue reading Settlement by 5 Big Banks Consistent With History of Fraud

BRICS Global Bank Will Open Coffers by Year-End, Coinciding Jesuits' Debt Jubilee

As we have indicated in our previous article, “World Bank & U.S. Companies Ready to Cooperate with BRICS“, the Jesuits are planning to erase all persons’ debt starting December 8th of this year dubbed as the Holy Year of Mercy, a big PR stunt that is sure to lure the Sheeples once again into the caring arms of the Jesuit controlled Vatican Church, aka Roman Empire.
Continue reading BRICS Global Bank Will Open Coffers by Year-End, Coinciding Jesuits' Debt Jubilee

IMF Lagarde Urges Renewed Crackdown on Bankers' Bonuses

One more indication that the IMF as an institution is now allied with, if not under the full control of the BRICS World Bank, is the renewed call for clampdown on bank CEO bonuses which is like adding insult to injury to an already battered global economy.
Continue reading IMF Lagarde Urges Renewed Crackdown on Bankers' Bonuses

Western Financial Insanity Grips the World

Depending on where you are today, cash is under persistent attack or is already dead. Your pension fund, or your parents’,  is under state-sanctioned robbery, too. The people are starting to realize something very wrong is going on and do want to react, but how?
Continue reading Western Financial Insanity Grips the World

China/Iran have jailed/hung bankers but NOT USA!

Both China and Iran have jailed and hung a number of bankers for multi-billion fraud already. The United States has yet to prick the nose of one banker involved in at least $16 Trillion covert bailout scandal that has affected the quality of social services in the country.
Thanks, Karen, for the title 😉
Continue reading China/Iran have jailed/hung bankers but NOT USA!

Iceland’s Economic Revolution

F. William Engdahl  
Icelanders are a proud stubborn people with more than 1200 years of history, rugged Scandinavian stock, living in one of the most beautiful natural areas of our Earth. In 2001 her government made a colossal series of disastrous decisions that resulted in the worst banking crisis in history.
Continue reading Iceland’s Economic Revolution

Bank for International Settlements (BIS) – The Vatican's Central Bank

The monster octopus has so many tentacles. But of all these sucking arms, nothing is more secretive than the Central Bank of all central banks, the BIS that is nestled in a country with a Red Cross flag to represent it.
Continue reading Bank for International Settlements (BIS) – The Vatican's Central Bank

The UCC Connection to Our Slavery & How to Access Our Strawman Account

The fundamental truth is that we are slaves because of our own incompetence.
We are incompetent because we are made ignorant of how the system actually works. That failure to educate us on how the system works is the first breach of contract committed by our self-imposed Trustee.
If you so desire to educate and become competent about the mechanics of your own slavery so that you may regain your freedom back, you need to know these….
Continue reading The UCC Connection to Our Slavery & How to Access Our Strawman Account

Large Deposits at Banks are No Longer Money

Here’s the inconvenient details about the new G20 directive for those who have big deposits in their favorite banks.

Russell Napier Declares November 16, 2014 The Day Money Dies

Tyler Durden's picture

Continue reading Large Deposits at Banks are No Longer Money

China opens up $4.2tn stock market to world via Hong Kong

Published time: November 17, 2014 15:17

Hong Kong Exchanges and Clearing Ltd. Chairman Chow Chung-kong (L) and Hong Kong Chief Executive Leung Chun-ying smile after hitting a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect in Hong Kong November 17, 2014.(Reuters / Bobby Yip)
Hong Kong Exchanges and Clearing Ltd. Chairman Chow Chung-kong (L) and Hong Kong Chief Executive Leung Chun-ying smile after hitting a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect in Hong Kong November 17, 2014.(Reuters / Bobby Yip)

Continue reading China opens up $4.2tn stock market to world via Hong Kong

JPMorgan Acts as Fed's $1.7 Trillion QE Custodian Despite its Crimes

Here’s another proof that these bankers are beyond the laws of the land, or so they thought. Although Alan Greenspan would like to twist his aged claim that the Fed is beyond accountability.

The New York Fed Has Contracted JPMorgan to Hold Over $1.7 Trillion of its QE Bonds Despite Two Felony Counts and Serial Charges of Crimes

By Pam Martens and Russ Martens: November 3, 2014
Continue reading JPMorgan Acts as Fed's $1.7 Trillion QE Custodian Despite its Crimes

How The Petrodollar Quietly Died

Tyler Durden's picture

Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.
Continue reading How The Petrodollar Quietly Died