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Special Report - EU Steals Nations Private Bank Accounts: Starts EU Wide Bank Runs

Special Report - EU Steals Nations Private Bank Accounts: Starts EU Wide Bank Runs


http://youtu.be/t-K_aMJvJVo




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This is happening not in a 3rd world

but a civilized society. With that said, The USA has an avalanche more debt than all of Europe combined. It is time for those who have money in 401k's to take the early buy out because the banks don't have money on deposit like they used to.

GET OUT OF YOUR 401K NOW! before its too late.

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

AJ to use Google search?

he doesn't know Startpage is the new Google? I must be dreaming.

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

Having his google searches monitored

are probably the least of Alex's worries. LOL

Could'nt you find someone

Could'nt you find someone else discussing this Cyprus bailout matter? I can't handle it anymore listening to Alex Jones & Glenn beck talk

Looks like the

pieces of the puzzle are all coming together!

. . . . . . _ . . . _ _ .
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. _ . . _ _ . . . . _ _ . . . . . . . _ . . _ . .

Makes me think of the current gun and ammo panic.

The same principles apply. Obama and his fellow scumbags make noises about taking away guns, and people run gun and ammo dealers and suppliers. The shelves are cleared quickly. Prices double almost overnight. The producers are still producing, but not fast enough to meet the demand for guns and ammo. People don't want to wait because they fear guns will not be available in the future and the need for personal protection and fighting a war against the government is starting to make its way into the minds of citizens.

So now the EU, controlled by the central banker, just like Obama and friends, starts making noises like they will confiscate bank deposits. Get it; bank deposits instead of guns being confiscated. People fear they won't get their money, or at least not all of it, so they panic and run to the banks. The central banks can produce all the notes they want and loan them to the commercial banks to meet the run, but they can't produce them fast enough, just like gun and ammo producers can't.

So what happens to the banks. They experience a huge reduction in customer checking account, saving account, and CD balances. They use up their reserves by trading them to the central bank for bank notes (what we call cash). The commercial banks are forced to borrow central bank notes in massive quantities, but the supply is slow to arrive just like guns and ammo; their shelves are cleared so to speak, and they lose the ability to make new loans. The value to customers of checking account, saving account, and CD balances declines as the value of "cash" skyrockets. This is deflation. The money supply essentially freezes and what supply people have in hand suddenly buys much more than before the panic, in other words prices of goods and services collapse.

Of course governments and the banks do their best to pump up the money supply with massive new injections of credit, which is the phase we are now experiencing. The world stock markets may well explode to the upside for the rest of the year as those in power attempt to liquify the system to prevent a freeze up and panic. But eventually the economy, the stock market and the bond markets crash and burn. This is what happens when people use bank credit for money instead of commodity money like gold and silver coins.

What also could happen in the near future is gold and silver prices in terms of money fall badly since people need the money recognized by governments and governments don't allow gold and silver to be legal tender. This could be a dramatic whipsaw. Panic into cash, then political violence and the failure of governments and the central bank reserve system, then wiping out the value of cash. After all, what we call cash is just the liability of the central reserve bank as evidenced by the bank notes we pretend are money.

What do you think?

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

Bingo! Deflation.

You win a cigar!

Cyril's picture

Funny coincidence deflation is mentioned.

Funny coincidence deflation is mentioned. Posted something about it just yesterday.

And I guess Professor Fekete is entitled to a cigar, too:

http://www.dailypaul.com/278541/mainstream-economists-moneta...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Excellent comment.

Listened to the broadcast.

I am skeptical of any money system that involves credit risk. The system talked about seems to rely on promises. Give my a tv and I will fix your car next time it breaks. This imposes a credit risk on some of the people using the system. Some people making promises will default, and unlike the present system where there is a financial intermediary to accept the risk from individuals using the system, albeit corrupt ones, the risk falls in your system on the individual accepting the promise.

I much prefer a commodity system, and a huge amount of human experiments throughout history have shown gold and silver coins to be a low risk system. The risk is loss of the coins through lack of care or theft or from fraud in minting coins, but that does not involve credit risk. If the coins are universally accepted, which they are when given government sanction, there is no credit risk from the monetary medium itself.

It sounded too complex; maybe just a fancy barter system with what I would characterize as a high risk monetary medium.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

Russians

Cyprus is a tax haven and it's estimated that over half of the $70 billion in deposits in the banks are from Russian citizens. The GDP of Cyprus is only $25 billion.

It's a crazy solution but they are largely targeting Russian oligarchs, it's not quite how Alex Jones spins it.

http://www.spiegel.de/international/europe/cyprus-bailout-co...

http://www.spiegel.de/international/europe/savers-will-be-hi...

Check out http://ronpaulforums.com for activism and news.

Russians

Probably caught wind of it and got out with quite a bit imo.

The country has a national debt of about 20 billion USD I think.

http://www.nationaldebtclocks.org/debtclock/cyprus

I think the President of the country is a former communist party member.

donvino

Can someone please tell me

Can someone please tell me the names of the Armies the International Banking Cartel people command?

Cyril's picture

Just in case it's not a rhetorical question from you...

Just in case it's not a rhetorical question from you... sure, and it's no Alex Jones or affiliate explaining it accurately...

... it's just a professor of economics 99.9999% of the people never saw or heard (certainly not on the MSM, for sure) and will most likely never get a chance to:

www.dailypaul.com/278536/interview-of-the-algerian-journalis...

Enjoy your reading!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyprus

Government employess make 2.5 times more than private sector workers.

donvino

Shared on Twitter

with all mainline news. This is a 10% bank account tax. It is robbery and surely illegal.

This will create so much mistrust in banks. What right does a business have to arbitrarily rob its customers, because it was incompetent in its business management?!! Greedy incompetent bankers.

Time to do business with more honest, less greedy people.

Banks are business. Let the free market provide a more reliable business that can be trusted. PUT THE BANKS OUT OF BUSINESS.

They aren't banks.

They are depositories. You are the bank because you are the source of the credit. Your signature creates the credit out of thin air. You loan it to US INC and then it gets added to the national debt.

Follow? National debts everywhere are actually the debts owed TO THE PEOPLE for allowing these for-profit corporations to do business as governments.

For the short term....

This will boost Fed notes as viable reserve currency. Long term goal is inflation to service the debt. Final stop is collapse to cull the herd.

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

Cyril's picture

BUMP. Proverbs 16:11, people.

BUMP.

Stack on silver. Re-read Proverbs 16:11, people.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

coming soon

to a bank near you

Sure, this latest scenario in

Sure, this latest scenario in Europe is just another reason to RESIST the upcoming plans of the US Treasury to REQUIRE only direct deposits or debit cards in BANKING institutions for refunds, etc. With a paper check, at least one has the option of opening a restricted joint account with a third party who is willing and able to cash the check from the US Treasury by signature, e.g. an employer, pay the holder of the check in gold, FRN, etc and then take the signed check from the US Treasury to the joint account of the BANKING institution where the third party then assumes the risks of dealing with the bank. Honestly, I'd trust an employer FAR more than a banking institution approved by an agency of the US government.

Cyril's picture

Absolutely FANTABULOUS.

Absolutely FANTABULOUS.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

SteveMT's picture

Cyprus Bank Confiscation %s "in flux"; to be revised?

[As we watch the world implode, our preparations have been worthwhile thanks to Ron Paul.]
Europe Scrambling With Last Minute Revision To Cyprus Deposit Confiscation Plan
3-17-13
If initially Europe came out as utterly deranged in its Cyprus deposit-confiscation scheme, at least it was consistent. Now, it appears that Europe is desperate to appear not only completely incompetent but also unable to even make a simple decision and stick with it, following news from both the WSJ and the FT that the original confiscation thresholds of 6.75% and 9.9% for deposits below and over €100,000 is about to be revised.

While this idiotic last minute revision will only infuriate Russian oligarchs even more, it will achieve absolutely nothing to streamline the passage of the bill through Cyprus parliament where it appears to have hung without enough support: the damage has already been done, and it is a virtual guarantee that Cyprus banks will suffer a full blown bank run the second banks reopen, which may be Tuesday, Wednesday, or never, at the current pace. That line around the block at your local neighborhood Nicosia ATM: that is not, and will not, be for people seeking to make a deposit, that much we can guarantee, no matter what the final confiscation percentage is.
http://www.zerohedge.com/news/2013-03-17/europe-scrambling-l...

Thanks

Shared on Twitter.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

I am not sure whether

the criminal bankers are stoopid, nuts, or if they want to create chaos across the entire euro-zone. What the hell are they thinking? This is going to go very badly. When the markets open on Monday...the shtf big time. Hold on!

SteveMT's picture

On bankers: "stoopid, nuts, or if they want to create chaos.."

Answer: all of the above.

Europe has been disarmed for a longtime with the exception of Switzerland. The NWO plan is now 100% full game on; it's now or never. So now is the time for total tyranny to be unleashed, and this tyranny will first come to the most defenseless populations. Europe will be in flames first. The speed of this contagion is what has the unpredictable timeline. There is so much paper out there that there is no predicting how fast the collapse will happen. Stay vigilant, buy stuff that matters, and keep cash and physical in your possession.

The intent

Their intent is to get another generation's useful idiots to embark on yet another useless revolution so the NWO can seize global governance.

No revolution can possibly ever be legitimate.

Noticed you little slogan.

Wouldn't this also mean that no government can possibly ever be legitimate since essentially all governments today had their origin in some sort of violent overthrow of some ruler sometime in history.

Don't they all come into being with throwing out the old ruler, almost always violently, and instituting a new plunder and control structure with new rulers?

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.