Sat Mar 23, 2024 11:33 pm by globalturbo
Russian Leader Warns, “Get All Money Out Of Western Banks Now!”
Posted by nesaraaustralia ⋅ March 22, 2013 ⋅ Leave a Comment
Filed Under cypriot banks, europe recoils, politics, russian entities
A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent
to Embassies around the world today is advising both Russian citizens
and companies to begin divesting their assets from Western banking and
financial institutions “immediately” as Kremlin fears grow that both the
European Union and United States are preparing for the largest theft of
private wealth in modern history.
According to this “urgent bulletin,” this warning is being made at
the behest of Prime Minister Medvedev who earlier today warned against
the Western banking systems actions against EU Member Cyprus by stating:
“All possible mistakes that could be made have been made by them, the
measure that was proposed is of a confiscation nature, and
unprecedented in its character. I can’t compare it with anything but …
decisions made by Soviet authorities … when they didn’t think much about
the savings of their population. But we are living in the 21st century,
under market economic conditions. Everybody has been insisting that
ownership rights should be respected.”
Medvedev’s statements echo those of President Putin who, likewise,
warned about the EU’s unprecedented private asset grab in Cyprus calling
it “unjust, unprofessional, and dangerous.”
In our 17 March report “Europe Recoils In Shock After Bankster Raid,
US Warned Is Next” we noted how Russian entities have €23-31 billion
($30-$40) in cross-border loans to Cypriot companies tied to Moscow, and
€9 billion ($12 billion) on deposit with Cypriot banks [as compared to
the €127 billion ($166 billion) being kept in similar circumstances by
60 of the United States largest corporations in offshore accounts to
avoid paying American taxes] which are in danger of being confiscated by
EU banksters.
Unbowed by the misery they have inflicted upon the entire continent,
however, and in spite of Russian warnings,European Union officials
hardened their stance against Cyprus today by announcing that if the
Cypriot government did not allow the raiding of private bank accounts by
Monday they would be forced to destroy their banks, which remain closed
for the seventh straight day and have no signs of opening soon.
In an editorial agreeing with Russian leaders anger against the EU
over Cyprus, Canada’s Globe and Mail News Service further writes:
“The parliament of Cyprus was right this week to reject a proposal to
confiscate money from modest-sized bank deposits. The idea was a
reductio ad absurdum of the euro zone’s policy on the sovereign debt of
some of its member-countries.
It would be better for the government of Cyprus to default outright
on some of its obligations rather than to seize part of the savings of
the proverbial widows and orphans, as well as retirees or those
approaching retirement – while purporting to levy a tax. This is
especially true in a country that has deposit insurance for up to
€100,000, in order to protect small savers.
Until a few years ago, Cyprus – which is really the ethnically Greek
section of Cyprus, the Turkish section being a de facto protectorate of
Turkey – had a fiscal surplus, but its close relationship to Greece
resulted in a downturn when Greece fell into a severe recession. The
government’s debt in itself is still manageable, but Cypriot banks have
become shaky because of their loans to Greece.”
In the face of massive popular outrage, however, Cypriot MPs
spectacularly voted earlier this week against the EU plan to steal their
bank depositors money, thus leaving the Euro Zone reeling, a situation
that was, in fact, created by European banksters who had forced Cyprus
banks to lend money to nearly bankrupt Greece in the first place.
Even worse may be what is in store for the Americans, who on 31
January lost an unlimited US government guarantee that was granted on
over $1.5 trillion of their bank deposits during the 2008 financial
crisis to assure skittish customers that their cash was safe.
According to Kremlin sources, though, President Obama’s sudden visit
to Israel this week, the first he has made since being elected in 2008,
was to personally warn top Israelis of his regimes “plan” to begin
confiscating his citizen’s bank deposits too.
Interesting to note is that the Obama regimes “master plan” to steal
their citizen’s wealth that is no longer protected was detailed by the
global management consulting giant, and the world’s leading advisor on
business strategy, The Boston Consulting Group (BCG) who in their 2011
September report titled Collateral Damage: Back to Mesopotamia? The
Threat of Debt Restructuring warned of the US governments plan
confiscate up to 30% of not just the Americans people bank accounts, but
also of their other wealth.
The highly respected Zero Hedge financial newsletter in commenting on this dire BCG report grimly stated:
“Denial. Denial is safe. Comforting. Religiously and relentlessly
abused by politicians who don’t want nor can face reality. A word
synonymous with “muddle through.” Ah yes, that “muddle through” which so
many C-grade economists and pundits believe is the long-term status quo
for the US and the world just because it worked for Japan for the past
three decades, or, said otherwise, “just because.”
Well, too bad. As the following absolutely must read report, which
comes not from some trader of dubious credibility interviewed by BBC,
nor even from an impassioned executive from a doomed Italian bank, but
from consultancy powerhouse Boston Consulting Group confirms, the
“muddle through” is dead. And now it is time to face the facts.
What facts? The facts which state that between household, corporate
and government debt, the developed world has $20 trillion in debt over
and above the sustainable threshold by the definition of “stable” debt
to GDP of 180%.
The facts according to which all attempts to eliminate the excess
debt have failed, and for now even the Fed’s relentless pursuit of
inflating our way out this insurmountable debt load have been for
nothing.
The facts which state that the only way to resolve the massive debt
load is through a global coordinated debt restructuring (which would,
among other things, push all global banks into bankruptcy) which, when
all is said and done, will have to be funded by the world’s financial
asset holders: the middle-and upper-class, which, if BCS is right, have a
~30% one-time tax on all their assets to look forward to as the great
mean reversion finally arrives and the world is set back on a viable
path.
But not before the biggest episode of “transitory” pain, misery and
suffering in the history of mankind. Good luck, politicians and holders
of financial assets, you will need it because after Denial comes Anger,
and only long after does Acceptance finally arrive.”
To the evidence that the masses of Americans or Europeans average
citizens will begin protecting themselves against this apocalyptic
outcome their remains little evidence as their so-called “mainstream”
media continues to cover-up this coming catastrophe. But, and as Russia
has now warned, the time for protecting oneself is fast running out, and
the only survivors will be those who listened.
Source:
http://www.eutimes.net
Thanks to: http://nesaraaustralia.com
Posted by nesaraaustralia ⋅ March 22, 2013 ⋅ Leave a Comment
Filed Under cypriot banks, europe recoils, politics, russian entities
A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent
to Embassies around the world today is advising both Russian citizens
and companies to begin divesting their assets from Western banking and
financial institutions “immediately” as Kremlin fears grow that both the
European Union and United States are preparing for the largest theft of
private wealth in modern history.
According to this “urgent bulletin,” this warning is being made at
the behest of Prime Minister Medvedev who earlier today warned against
the Western banking systems actions against EU Member Cyprus by stating:
“All possible mistakes that could be made have been made by them, the
measure that was proposed is of a confiscation nature, and
unprecedented in its character. I can’t compare it with anything but …
decisions made by Soviet authorities … when they didn’t think much about
the savings of their population. But we are living in the 21st century,
under market economic conditions. Everybody has been insisting that
ownership rights should be respected.”
Medvedev’s statements echo those of President Putin who, likewise,
warned about the EU’s unprecedented private asset grab in Cyprus calling
it “unjust, unprofessional, and dangerous.”
In our 17 March report “Europe Recoils In Shock After Bankster Raid,
US Warned Is Next” we noted how Russian entities have €23-31 billion
($30-$40) in cross-border loans to Cypriot companies tied to Moscow, and
€9 billion ($12 billion) on deposit with Cypriot banks [as compared to
the €127 billion ($166 billion) being kept in similar circumstances by
60 of the United States largest corporations in offshore accounts to
avoid paying American taxes] which are in danger of being confiscated by
EU banksters.
Unbowed by the misery they have inflicted upon the entire continent,
however, and in spite of Russian warnings,European Union officials
hardened their stance against Cyprus today by announcing that if the
Cypriot government did not allow the raiding of private bank accounts by
Monday they would be forced to destroy their banks, which remain closed
for the seventh straight day and have no signs of opening soon.
In an editorial agreeing with Russian leaders anger against the EU
over Cyprus, Canada’s Globe and Mail News Service further writes:
“The parliament of Cyprus was right this week to reject a proposal to
confiscate money from modest-sized bank deposits. The idea was a
reductio ad absurdum of the euro zone’s policy on the sovereign debt of
some of its member-countries.
It would be better for the government of Cyprus to default outright
on some of its obligations rather than to seize part of the savings of
the proverbial widows and orphans, as well as retirees or those
approaching retirement – while purporting to levy a tax. This is
especially true in a country that has deposit insurance for up to
€100,000, in order to protect small savers.
Until a few years ago, Cyprus – which is really the ethnically Greek
section of Cyprus, the Turkish section being a de facto protectorate of
Turkey – had a fiscal surplus, but its close relationship to Greece
resulted in a downturn when Greece fell into a severe recession. The
government’s debt in itself is still manageable, but Cypriot banks have
become shaky because of their loans to Greece.”
In the face of massive popular outrage, however, Cypriot MPs
spectacularly voted earlier this week against the EU plan to steal their
bank depositors money, thus leaving the Euro Zone reeling, a situation
that was, in fact, created by European banksters who had forced Cyprus
banks to lend money to nearly bankrupt Greece in the first place.
Even worse may be what is in store for the Americans, who on 31
January lost an unlimited US government guarantee that was granted on
over $1.5 trillion of their bank deposits during the 2008 financial
crisis to assure skittish customers that their cash was safe.
According to Kremlin sources, though, President Obama’s sudden visit
to Israel this week, the first he has made since being elected in 2008,
was to personally warn top Israelis of his regimes “plan” to begin
confiscating his citizen’s bank deposits too.
Interesting to note is that the Obama regimes “master plan” to steal
their citizen’s wealth that is no longer protected was detailed by the
global management consulting giant, and the world’s leading advisor on
business strategy, The Boston Consulting Group (BCG) who in their 2011
September report titled Collateral Damage: Back to Mesopotamia? The
Threat of Debt Restructuring warned of the US governments plan
confiscate up to 30% of not just the Americans people bank accounts, but
also of their other wealth.
The highly respected Zero Hedge financial newsletter in commenting on this dire BCG report grimly stated:
“Denial. Denial is safe. Comforting. Religiously and relentlessly
abused by politicians who don’t want nor can face reality. A word
synonymous with “muddle through.” Ah yes, that “muddle through” which so
many C-grade economists and pundits believe is the long-term status quo
for the US and the world just because it worked for Japan for the past
three decades, or, said otherwise, “just because.”
Well, too bad. As the following absolutely must read report, which
comes not from some trader of dubious credibility interviewed by BBC,
nor even from an impassioned executive from a doomed Italian bank, but
from consultancy powerhouse Boston Consulting Group confirms, the
“muddle through” is dead. And now it is time to face the facts.
What facts? The facts which state that between household, corporate
and government debt, the developed world has $20 trillion in debt over
and above the sustainable threshold by the definition of “stable” debt
to GDP of 180%.
The facts according to which all attempts to eliminate the excess
debt have failed, and for now even the Fed’s relentless pursuit of
inflating our way out this insurmountable debt load have been for
nothing.
The facts which state that the only way to resolve the massive debt
load is through a global coordinated debt restructuring (which would,
among other things, push all global banks into bankruptcy) which, when
all is said and done, will have to be funded by the world’s financial
asset holders: the middle-and upper-class, which, if BCS is right, have a
~30% one-time tax on all their assets to look forward to as the great
mean reversion finally arrives and the world is set back on a viable
path.
But not before the biggest episode of “transitory” pain, misery and
suffering in the history of mankind. Good luck, politicians and holders
of financial assets, you will need it because after Denial comes Anger,
and only long after does Acceptance finally arrive.”
To the evidence that the masses of Americans or Europeans average
citizens will begin protecting themselves against this apocalyptic
outcome their remains little evidence as their so-called “mainstream”
media continues to cover-up this coming catastrophe. But, and as Russia
has now warned, the time for protecting oneself is fast running out, and
the only survivors will be those who listened.
Source:
http://www.eutimes.net
Thanks to: http://nesaraaustralia.com
