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Archive for the ‘Finance’ Category

No Bank Deposits Will Be Spared from Confiscation

Posted by truthpills on 2013/04/30

By Matthias Chang
Global Research, April 24, 2013

I challenge anyone to prove me wrong that confiscation of bank deposits is legalized daylight robbery

Bank depositors in the UK and USA may think that their bank deposits would not be confiscated as they are insured and no government would dare embark on such a drastic action to bail out insolvent banks.

Before I explain why confiscation of bank deposits in the UK and US is a certainty and absolutely legal, I need all readers of this article to do the following:

Ask your local police, sheriffs, lawyers, judges the following questions:

1) If I place my money with a lawyer as a stake-holder and he uses the money without my consent, has the lawyer committed a crime?

2) If I store a bushel of wheat or cotton in a warehouse and the owner of the warehouse sold my wheat/cotton without my consent or authority, has the warehouse owner committed a crime?

3) If I place monies with my broker (stock or commodity) and the broker uses my monies for other purposes and or contrary to my instructions, has the broker committed a crime?

I am confident that the answer to the above questions is a Yes!
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Posted in Breaking Free, Corruption, Economy, Economy - Finance, false flag terrorism, fascism, Finance, Government Programs, Police State, politics | Tagged: , , | Leave a Comment »

The Wall Street Ticking Time Bomb That Could Blow Up Your Bank Account

Posted by truthpills on 2013/04/24

Ellen Brown
alternet.org
April 10, 2013

Cyprus-style confiscation of depositor funds has been called the “new normal.” Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including state and local governments, may be at risk. Derivatives have “super-priority” status in bankruptcy, and Dodd Frank precludes further taxpayer bailouts. In a big derivatives bust, there may be no collateral left for the creditors who are next in line.

Shock waves went around the world when the IMF, the EU, and the ECB not only approved but mandated the confiscation of depositor funds to “bail in” two bankrupt banks in Cyprus. A “bail in” is a quantum leap beyond a “bail out.” When governments are no longer willing to use taxpayer money to bail out banks that have gambled away their capital, the banks are now being instructed to “recapitalize” themselves by confiscating the funds of their creditors, turning debt into equity, or stock; and the “creditors” include the depositors who put their money in the bank thinking it was a secure place to store their savings.

The Cyprus bail-in was not a one-off emergency measure but was consistent with similar policies already in the works for the US, UK, EU, Canada, New Zealand, and Australia, as detailed in my earlier articles here and here. “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.
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Posted in Corruption, Economy, Economy - Finance, fascism, Finance, Government Programs, New World Order, Police State, politics, Using Fears and Threats, World Turmoil | Tagged: | Leave a Comment »

Jim Rogers: “I Suspect They’ll Take The Pension Plans Next”

Posted by truthpills on 2013/04/22

April 5, 2013 | By Tekoa Da Silva

I was able to reconnect for an interview with legendary Quantum Fund manager and commodities bull, Jim Rogers. This was an especially groundbreaking interview, as Jim shared thoughts on what governments around the world will be taking next, and what he’s doing right now to protect his personal bank accounts following the Cyprus collapse.

Speaking towards the frightening implications of the Cyprus banking collapse, Jim said that, “It’s been condoned [now] by the IMF, the European union, and everybody else in sight; that a government in need, can take assets. We all knew they could tax us…but this is the first time that I’m aware of, that they’ve gone in and taken bank accounts. They took gold from people in the U.S. in the 1930′s…but I’ve never heard of them taking bank accounts. [Now] they’re doing it. So be careful [because], now they can take your bank account under this precedent.“

When asked if bank account confiscation will be going worldwide, Jim said, ”Well, it’s now in their bag of tricks, but yes, they can do anything they want too now. I for one am worried and I’m taking preparations. Who knows if I’m right or not, but I’d rather be safe than sorry as all of those people who had money in Cyprus have learned. They thought they had a normal bank account…but now it’s been [taken] with the sanctions of many governments and institutions.”
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Posted in Corruption, Economy, Economy - Finance, false flag terrorism, fascism, Finance, Government Programs, New World Order, Police State | Tagged: | Leave a Comment »

People Are Being Led To The Slaughter By Their Own Governments ~ Gregory Mannarino.

Posted by truthpills on 2013/04/15

Thursday, March 14, 2013 7:39

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Flagrant Desperation

Posted by truthpills on 2013/04/15

by The Cerebral Aesthetic Vagabond

April 13, 2013

“They” must be getting desperate to resort to such flagrant manipulation of the markets, the way they did yesterday.
Just Another Day At The G-S Corral

For years gold and silver have been routinely pummeled to protect the U.S. Dollar’s image, but never more so than Friday, April 12, when, according to one expert, 500 tons of gold were sold in the futures market in a single day. To put that in perspective, just a few years ago the major governments of the world were bound by agreement to limit their collective gold sales to 500 tons per year! So selling 500 tons in a single day is a truly staggering quantity, but consistent with the observed price action. Needless to say, a sale of that magnitude can have no legitimate trading purpose; the objective of such a massive sale was clearly to smash the price and frighten away precious metals buyers.

One has to wonder just who are the buyers of these futures contracts. After all, anyone who’s seriously looking to purchase physical metal is not going to purchase it using these contracts. Such contracts might be useful in other commodity markets that are still legitimate, such as that for corn, but the futures market for precious metals has evolved into an instrument that exists solely for the purpose of manipulating precious metals prices. Anyone in the market for hundreds of tons of physical metal is probably shrewd enough to be aware of the corrupt nature the futures market. Moreover, I seriously doubt that the sellers of these futures contracts could deliver the metal when the contracts expire. Finally, why would someone purchase 500 tons of gold in the futures market, knowing that a sale of that magnitude would crash the price? Why would anyone purchase an asset that they could anticipate was going to decline in price?
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More Than 101 Million Working Age Americans Do Not Have A Job

Posted by truthpills on 2013/04/09

By Michael, on April 7th, 2013

The jobs recovery is a complete and total myth. The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010. In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job. But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down. In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%. And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy. But it takes at least 125,000 new jobs a month just to keep up with population growth. So how in the world are they coming up with these numbers? Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force. In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore. We saw this once again in March. According to the U.S. Bureau of Labor Statistics, more than 600,000 Americans dropped out of the labor market during that month alone. That pushed the labor force participation rate down to 63.3%, which is the lowest it has been in more than 30 years. So please don’t believe the hype. The sad truth is that there has been no jobs recovery whatsoever.

If things were getting better, there would not be more than 101 million working age Americans without a job.
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An Orwellian America, Unsound Money Leads To Statism

Posted by truthpills on 2013/03/15

Mar 12, 2013 – 03:18 PM GMT

By: Gordon_T_Long

Politics
Macro Insights – March 2013

As a young man, I voraciously read George Orwell’s “1984”, Aldous Huxley’s “Brave New World” and Alvin Toffler’s trilogy which included “Future Shock”, “The Third Wave” and “Power Shift”. During the era of the Vietnam War, I wondered seriously about the future and how it was destined to unfold. Now being considerably older, I have the vantage point to reflect back on my early ruminations and expectations. Unfortunately, I am too old to alter the lessons that are now so painfully obvious. Instead, I pass the gauntlet to those who can understand and take action on what I have unavoidably come to expect for America.

 

A Framework of Understanding

Huxley Transition To Orwell

The ‘Huxley-Orwell’ Transition

I recently read a perceptive paper by Chris Hedges that would have made any English Professor envious, powerfully philosophical but not something an Economics department would pay much attention to. I found it both intriguing and enlightening.

I have borrowed so heavily from it, that I am unsure where the lines diverge. Therefore, below I give full credit to Chris Hedges and take full credit for all the bad ideas.

Chris Hedges of TruthDig.com wrote 2011: A Brave New Dystopia, from which the following evolved.

The two greatest visions of a future dystopia were George Orwell’s “1984” and Aldous Huxley’s “Brave New World.” The debate, between those who watched our descent towards corporate totalitarianism, was who was right. Would we be, as Orwell wrote, dominated by a repressive surveillance and security state that used crude and violent forms of control? Or would we be, as Huxley envisioned, entranced by entertainment and spectacle, captivated by technology and seduced by profligate consumption to embrace our own oppression? It turns out Orwell and Huxley were both right. Huxley saw the first stage of our enslavement. Orwell saw the second.

Orwell 1984 - Huxley, Brave New World

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Posted in Brainwashing, Corruption, Economy, eugenics, fascism, Finance, Government Programs, New World Order, Police State, politics, Science, Using Fears and Threats | Tagged: | Leave a Comment »

The 40% Revolution Hidden Secrets of Money: Mike Maloney

Posted by truthpills on 2013/03/05

Posted in Economy, Economy - Finance, Finance, Survival-Prepper | Tagged: | Leave a Comment »

Government Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redistribute the Wealth of America’s Older Citizens”

Posted by truthpills on 2012/12/16

Mac Slavo
SHTFplan.com
Nov 21, 2012

A new effort by the Obama administration, Congress, the Treasury Department and labor unions aims to fundamentally alter how Americans plan and save for retirement.

Warnings have been popping up over the last several years about the possibility of re-appropriating the $3.5 Trillion sitting in private retirement and spreading those funds around to Americans who are deemed less fortunate.

This couldn’t possibly happen in America, right? At one time, most Americans also believed heath care mandates that force Americans at the barrel of a gun to surrender portions of their earnings into a universal system for all would never happen. Well, it did.

And now, those who would control and regulate every aspect of our lives are making a new push; one whose efforts will ultimately end in the seizure and redistribution the personal retirement savings of every American who has ever put money into a 401(k) or IRA.

This is no longer in the realm of conspiracy, but rather, public record.
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Fed’s New Money Printing Scheme Will Ensure Long-term Unemployment

Posted by truthpills on 2012/12/16

Kurt Nimmo
Infowars.com
December 12, 2012

Citing fictitious unemployment numbers, Federal Reserve boss Ben Bernanke announced today that the Fed will spend $45 billion a month to “sustain an aggressive drive” to force long-term interest rates to zero and keep them there “until unemployment drops below 6.5 percent.”

The Fed said it will direct the money into long-term Treasurys to replace an expiring bond-purchase program known as Operation Twist and further increase its “investment portfolio,” now reaching a whopping $3 trillion.

Bernanke and the Fed cited cooked numbers that claim unemployment in the United States fell to 7.7 percent in November.

In fact, as John Williams’ Shadow Government Statistics website demonstrates, the real unemployment rate is 22.9 percent.

In order to trick the public into believing things are better than they actually are, the Fed and the government do not include unemployed members of the workforce who are not actively looking for work or workers with part-time jobs who are seeking full-time employment.

Despite the government claim that unemployment fell in November, a recent Gallup poll shows that it increased significantly from October to November. “Underemployment, as measured without seasonal adjustment, was 17.2% in November, a 1.3-point increase since the end of October,” Gallup reports. “The uptick in November also puts an end to the six-month trend of improvements or no change.”

The Federal Reserve announcement means interest rates will remain near zero for the foreseeable future.

Economists, including former Secretary of Labor Robert Reich, predict unemployment will stay high for at least a decade.

Economist David Levy, chairman of the Jerome Levy Forecasting Center, said at the outset of the recession the country faces a new era of chronically high unemployment. The United States will confront “the mother of all jobless recoveries” in the years ahead, economic historian John Steel Gordon said at the time.
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