Showing posts with label bank. Show all posts
Showing posts with label bank. Show all posts

Thursday, March 14, 2013

Global Economics: The Truth and a Warning



Source Video: World United News
https://www.youtube.com/watch?v=HHTpRDM96YQ

By: Stewart Brennan
http://worldunitednews.blogspot.com/
 
Every country will face a “Tipping Point” and breakdown of society in the near future due to the crushing economic austerity measures inflicted on the people by the brutal International Banking System that was conceived and designed to acquire wealth and power for an elite few.

When impoverished nations reach their economic tipping point, the governing power structure of those nations will have no options left. They will have to tell those in control of their economic system to bow down to major changes, or they themselves will face the consequences of their inaction.

At the moment, the choice to fix the broken system belongs to those in control of it. I.e.: The International Banking Cartel through the IMF, World Bank, and International Bank of Settlements…however, if the warning is ignored and the choices made by those who govern the system only ensure that the extremely wealthy survive these harsh economic times, then the responsibility to correct the economic disparity will shift to the impoverished masses by virtue of their will to survive.

Be assured that “Civil Unrest” will grow proportionally to the rise in poverty. All one needs for proof is catch a glimpse of what is unfolding in Egypt, Greece, or Spain to see the truth of these words…and there are many other nations at different stages of bankruptcy, poverty and austerity that is being forced upon them by the I.M.F (International Monetary Fund). The victims of the economic system will rise up in their millions because their very survival depends on a just system for all. 

However, the problem is not just that the IMF has taken control of every nations economic sovereignty but that the corporate power structure that comes with the Private banks has also taken control of the natural resources of most countries. 

Making matters worse for the people of the World is that the entire political system in every country, with few exceptions, has been seized at every level by the same corrupt banking system.

Even the opinions on mainstream news are bought and paid for by corporate interests. Don’t believe me? Well Just try to get a differing opinion aired to the public on these mediums and you’ll soon see that it becomes painfully obvious where these news corps feed, because you Will be denied your opinion, just as investigative journalism has been denied when it contradicts the banking or corporate plans of the extremely wealthy that control the mainstream press.

Personally, I no longer watch TV, read newspapers or listen to the radio airwaves anymore because they are arrogantly biased and illogically opposed to common sense.

Call it what you will, but be assured that everyone will wake up to these facts sooner or later and when they do, there will be hell to pay…the degree will depend on how far the banking cartel try to take their illusion.

The Solution:

Nationalize all the private banks in each country to end the existence of “The IMF, World Bank, and the Bank of International Settlements”. Then each country must Nationalize all their natural resources so that the profits go into the nations coffers that supports the communities and the social programs. Reorganize the political structure so that real qualified people govern the nation. Money must not be allowed to affect the political structure ever again.

The World is yours to build, we do not need Private Banks to control it.

Stewart Brennan
World United News
http://worldunitednews.blogspot.com/


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Music: John Palmer

John Palmer – ReverbNation
http://www.reverbnation.com/JPalmer
John Palmer – Official Website - Music
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Sunday, June 10, 2012

Former 'God’s Banker' could blitz Vatican with cache of secret documents


Pope Benedict XVI talks to the former head of the Vatican bank Ettore Gotti Tedeschi (AFP Photo/Osservatore Romano)

Source: Russia Today
http://www.rt.com/news/tedeschi-vatican-vatileaks-banker-vatileaks-546/

The former head of the Vatican Bank has become the Papacy’s Enemy Number One, after police discovered a trove of documents exposing financial misdeeds in the Holy See. The banker now reportedly fears for his life.

Earlier this week police conducted a dawn raid on the house and office of Ettore Gotti Tedeschi. Investigators say they were looking for evidence in a graft case against defense and aerospace firm Finmeccanica, which was formerly run by a close friend of Gotti Tedeschi.

Instead, as it turns out, police stumbled upon an entirely different find.

They discovered 47 binders containing private communication exposing the opaque inner workings of the secretive Holy See. They included financial documents, details of money transfers and confidential internal reports – all prepared by Gotti Tedeschi to build a convincing expose of corruption in the Vatican.

A renowned economics professor and head of the Italian branch of the giant Bank of Santander Gotti Tedeschi took what turned out to be a poisoned chalice of a job in 2009, when he became the President of the Institute for Works of Religion, the formal name for the Bank of Vatican. His brief was formidable – to introduce transparency to a lucrative enterprise that had become a byword for money-laundering and corruption.

After a tumultuous three years marked by in-fighting and public scandals, Gotti Tedeschi was unanimously dismissed from his post by a board of Vatican officials in May.

“I have paid for my transparency” the indignant banker said to the media, as he stormed off even before his dismissal hearing was over.

The confidential minutes of the stormy meeting obtained by Reuters showed the banker accused of "progressively erratic personal behavior" and "exhibiting lack of prudence and accuracy in comments regarding the Institute".

But there may have been other reasons.

Aware that his crusade against corruption was failing, Gotti Tedeschi probably began to leak important documents to the media.

The drip-drip of damaging revelations (alongside more personal ones presumably passed onto the media by the Pope’s own butler) has been dubbed 'Vatileaks', and has captivated Italy in recent months.

At the hearing, the board that dismissed the banker also indirectly accused Gotti Tedeschi of being behind some of the leaks, pointing to his "Failure to provide any formal explanation for the dissemination of documents last known to be in the president's possession."

While the leaks were a weapon with which to attack his enemies, Gotti Tedeschi was also preparing a last resort option if the battle was lost – a ‘suicide belt’ that would blow the lid off Vatican.

Several months ago, he reportedly told his friends that he began collecting an exhaustive dossier “in case something happened to him.”

It is this dossier that the police have now apparently discovered.

The Vatican is barely concealing its panic – and wants the folders handed back unopened.

“We have faith that the prosecutors and Italian judicial system will respect our sovereignty—recognized internationally—with regard to these documents,” said an official statement.

But there is little chance the Papacy will get its way this time.

Italian prosecutors have frequently been at loggerheads with the Vatican and have accused it of using its sovereignty as a shield against proper regulation.

If the documents do spark a legal firestorm, Ettore Gotti Tedeschi is sure to be a key witness in any trial. A former employee against his employers, and a conservative Catholic pitched against the Vatican itself.

Allegedly, Gotti Tedeschi keeps a list of personal enemies in the Vatican – people who he had felt would stop at nothing to prevent him from reforming the Institute for Works of Religion. His friends have told the media he is shaken and scared.

Police are now considering putting the whistle-blowing banker under armed protection.


Sunday, May 20, 2012

Vatican slams new book of leaked documents as ‘criminal’


Pope Benedict XVI ( REUTERS/Max Rossi)

Source: Russia Today
http://www.rt.com/news/vatican-slams-leaked-documents-criminal-694/

The Vatican is threatening to take legal action against those responsible for publishing a new book of leaked internal documents. The book sheds light on power struggles and corruption inside the Holy See and the thinking of its embattled top banker.

Pope Benedict XVI has already appointed a commission of cardinals to investigate the “Vatileaks” scandal. It erupted earlier this year with the publication of leaked memos alleging corruption and mismanagement in Holy See affairs and internal squabbles over its efforts to comply with international anti-money-laundering norms.

The publication Saturday of “His Holiness” by Italian journalist Gianluigi Nuzzi, added fuel to the fire, reproducing confidential letters and memos to and from Pope Benedict and his personal secretary which, according to the Vatican, violated the pope's right to privacy.

Vatican spokesman Rev. Federico Lombardi said in a statement Saturday the book was an “objectively defamatory” work that “clearly assumes characters of a criminal act.” He warned the Holy See would get to the bottom of who “stole” the documents, who received them and who published them. He warned the Holy See would seek international cooperation in its quest for justice, presumably with Italian magistrates.

The Vatican had already warned of legal action against Nuzzi after he published letters in January from the former second-highest Vatican administrator to the pope. In those letters the administrator begged not to be transferred for having exposed alleged corruption that cost the Holy See millions of euro in higher contract prices. The prelate, Monsignor Carlo Maria Vigano, is now the Vatican's US ambassador.

Nuzzi, author of Vatican SpA, a 2009 volume laying out shady dealings of the Vatican Bank based on leaked documents, said he was approached by sources inside the Vatican with the trove of new documents. Most of them are of fairly recent vintage and many of them painting the Secretary of State, Cardinal Tarcisio Bertone, in a negative light.

Much of the documentation is fairly Italy-centric: about a 2009 scandal over the ex-editor of the newspaper of the Italian bishops' conference, a previously-unknown dinner between Benedict and Italy's president, and even a 2011 letter from Italy's pre-eminent talk show host Bruno Vespa to the pope enclosing a check for 10,000 euro for his charity work and asking for a private audience in exchange.

But there are international leaks as well, including diplomatic cables from Vatican embassies from Jerusalem to Cameroon. Some concern the conclusions of the pope's delegate to the disgraced Legion of Christ religious order. In a memo sent to the pope last autumn he warned that the financial situation of the order, beset by a scandal over its pedophile founder, “while not grave, is serious and pressing.”

Ettore Gotti Tedeschi, the head of the Institute for Religious Works, otherwise known as the Vatican Bank, gets significant ink. His private memos to the pope with his take on the Vatican's response to the global financial crisis and how to handle the church's tax exempt status amid Italian government efforts to crack down on tax evasion have also been published.

The bank has been trying for some two years to remedy its reputation as a shady tax haven beset by scandals. One of them is the collapse of Italy's Banco Ambrosiano and the death of its head, Roberto Calvi, who also helped manage Vatican investments and was found hanging from London's Blackfriars Bridge in 1982.

In a bid to show it has mended its ways, the Institute for Religious Works this week invited ambassadors from 35 countries in for a tour and a chat with its managing director as part of a new transparency campaign. The tour came on the same day Holy See representatives were in Strasbourg discussing the first draft of a report from a Council of Europe committee on the Vatican's compliance with international norms to fight money laundering and terrorism financing.

British Ambassador Nigel Baker, who went on the Institute for Religious Works tour, later blogged that the Vatican's reputation depends on showing that its institutions are transparent.

“Plenty still needs to be done. But the Holy See needs to stick to its guns. It is in their interest, and ours,” Baker wrote


Saturday, July 2, 2011

Russia gives bank record bailout



A building of VTB, Russia's second largest financial institution, in the capital Moscow (file photo).

Source: Press TV
http://www.presstv.ir/detail/187142.html

Russia's Bank of Moscow has received the country's largest bailout package ever worth USD 14.2 billion, following the bank's hostile takeover by a state-controlled financial institution.

The rescue package was bigger than had been expected and followed the takeover by VTB, Russia's second largest financial institution, Russia's central bank said on Friday.

By giving a bailout to Bank of Moscow, the Russian government aimed to keep the country's fifth-largest banking group afloat.

Under the bailout, Russia's central bank will fund a 10-year loan of 295 billion rubles (USD 10.6 billion) to Bank of Moscow from the Deposit Insurance Agency (DIA) at a rate of 0.51 percent, according to the Wall Street Journal.

VTB will [also] donate 100 billion rubles to recapitalize Bank of Moscow, the central bank said in a statement.

"We are certain that, thanks to the joint actions of VTB and the state, Bank of Moscow will resolve its temporary problems and reach a qualitatively new level," VTB said in a statement.

Analysts believe the move also indicates the Russian government's desire to help state-controlled VTB with its takeover of a weaker company.

Wednesday, April 21, 2010

IMF proposes global bank tax plans





Source: PressTV
http://www.presstv.ir/detail.aspx?id=123931§ionid=3510213


The International Monetary Fund (IMF) has proposed new taxes on financial institutions to cover the costs of future potential bailouts, leaked documents show.

According to the IMF proposals circulated to the Group of 20 advanced and developing countries on Tuesday, the measures would see all institutions pay a bank levy as well as a further tax on profits and pay.

The IMF further explained that unrecovered costs of bank rescues in the most affected G20 states represent 4 to 5 percent of their GDP.

G20 finance ministers this weekend are to discuss the proposals that were meant to be kept confidential, but were leaked to the BBC.

Different governments have already offered several proposals aimed at covering the costs of future economic rescue packages.

British Finance Minister Alistair Darling welcomed the contents of the leaked IMF proposals on Tuesday.

"The recognition that banks should make a contribution to the society in which they operate is right," Darling said.

Meanwhile, the British Bankers' Association (BBA) said it had expected a tax or a levy.

“It appears it might be both. We must wait to see what is actually being proposed and how it will be calculated, but at first sight it appears wider than expected,” Angela Knight, the BBA chief executive, stated.

Sunday, March 7, 2010

Iceland rejects bank payback deal





Source: Al Jazeera
http://english.aljazeera.net/news/europe/2010/03/201036224143997328.html

Icelanders have rejected a deal to pay Britain and the Netherlands billions for their losses in the collapse of the Icesave bank, the government said after partial referendum results.

Some 93.1 per cent of voters cast ballots opposing the deal, partial results showed after 32 per cent of ballots were ounted, RUV public broadcaster, which compiles all electoral statistics, said.

Only 1.6 per cent of voters so far voted "yes" to the Icesave deal.

"Initial figures indicate clearly that the December amendment to the Icesave legislation of August 2009 will be repealed," the government said in a statement just minutes after polling stations closed.

Icelanders were asked to vote on whether the country should honour an agreement to repay the UK and the Netherlands $5.3 bn.

This would be to compensate them for money they paid to 340,000 of their citizens hit by the collapse of Icesave in 2008.

Observers said an Icelandic refusal to repay the money could block the remaining half of a $2.1bn International Monetary Fund (IMF) rescue package, as well as its EU and euro currency membership talks.

It could also damage Iceland's credit rating and destabilise the government, which negotiated the agreement in the first place.

'Unacceptable' conditions

Magnus Arni Skulason, a founder of the Indefence movement, which is opposed to the repayment deal, said the agreement being voted on was "obtained through coercion, with threats from both the British and the Dutch".

He also noted that most Icelanders felt the demanded 5.5-per cent interest rate was particularly unacceptable.

"You're basically sending the bill to tax payers for the failure of a private bank," he was quoted by the AFP news agency as saying.

But others argue the referendum is largely redundant as the terms of the repayment plan are already being renegotiated.

Johanna Sigurdardottir, the prime minister, described the referendum as "meaningless," saying she saw no reason to go to the ballot box.

Charlie Parker, a financial analyst with the Citywire website, told Al Jazeera: "When the referendum was originally conceived it was conceived in response to the first offer from Britain and the Netherlands to structure this repayment, of course that has since been revised."

But he also noted that Iceland had some "legitimate grievances", including that the UK and the Netherlands chose to repay all of their citizen's lost savings, even above the standard compensation limits.

"It was the government of Britain and the Netherlands that unilaterally decided they would pay back all the money that savers had invested," Parker said.

"I think Iceland can legitimately say 'if these governments made this decision unilaterally, why have we got to pay out for their largess to their citizens?"

Bank collapse

Jan Randolph, the head of sovereign risk at HIS Global Insight, told Al Jazeera there was no indication Iceland would not repay the debt, but that the referendum was about winning better terms.

"I think the referendum is really about bargaining position. The government will use the 'no' vote to come back to the British and the Dutch and say: 'Look, the people are not behind this, you've got to improve the terms further'."

Iceland's leaders have said they will resume talks to negotiate better terms with London and The Hague after the referendum.

Randolph told Al Jazeera: "The referendum is a chance for the Icelanders to vent their anger - their anger at their government and at Britain for using anti-terror laws to seize Icelandic bank assets, which accelerated the implosion of the banking system."

In the aftermath of the Icesave collapse, the UK invoked so-called anti-terror laws to take control of Landisbanki assets held in Britain. Icesave was the the online arm of Landisbanki.

Tuesday, January 12, 2010

US Fed maintains secrecy on banks bailout






Source: PressTV
http://www.presstv.ir/detail.aspx?id=115933§ionid=3510203


The United States Federal Reserve is making an effort to block a court decision on divulging the government's trillion dollar program to save major US banks.

The US central bank has asked the Court of Appeals in Manhattan to refrain from revealing the 'secret identities' of the country's main creditors in a move against the Freedom of Information Act, Bloomberg reported on Monday.

In their appeal to the court, the Board of Governors of the Federal Reserve System wrote, “Confidentiality is essential to the success of the board's statutory mission to maintain the health of the nation's financial system and conduct monetary policy.”

“The board's ability to administer lending programs crucial to maintaining national financial and economic stability will be severely undermined” if banks refuse to go to the regional Federal Reserve Banks “for their funding needs, particularly in time of economic crisis,” Assistant US Attorney General Tony West and Fed lawyer Richard Ashton noted.

Bloomberg News sued the Federal Reserve under the Freedom of Information Act in 2008, after the central bank refused to disclose the banking documents.

“Bloomberg has been trying for almost two years to break down a brick wall of secrecy in order to vindicate the public's right to learn basic information,” Thomas Golden, an attorney for the company said.

The Fed stirred the media frenzy by seeking to block the details of the $2 trillion US economic stimulus program that kept banks afloat after Lehman Brothers liquidated in September 2008.

Monday, April 6, 2009

The Obama Delusion




By: Stewart Brennan
World United News

Weather you live in the Americas, Asia, Europe, or Africa, the majority of people in this World of ours just want to live a peaceful existence in their communities with their families.

For the past eight years, our planet has been beaten into submission by the words and actions of US dictator George Bush and his Imperial Storm Troopers. So if you believe that major change is needed in the World today, you are not alone in your thinking or beliefs.

Change”, and “Yes we can” was the platform that Barrack Obama rode to the US Presidency on. The World was eager for change, so not only were these words heard across America, they began to echo across a planet that was desperate for a fix.

Change”, and “Yes we Can” sounded a lot better than Bush’s words of, “You are either with us or against us.” “Weapons of Mass Destruction”, and “War on Terror

So when Obama went up against John McCain and his continuance of the Imperial Empire, the World began pulling for Obama. What choice did anyone have?

The euphoria that was unleashed when Obama was announced as the winner and new President of the United States would probably have been felt on Mars, had someone been living there. But to make a point of how much the US citizens hated the Bush regime, right after the announcement, the White House was surrounded by thousands of jubilant citizens chanting the end of tyranny, and “Yes we can”. For me, that was the moment I will remember the most from Nov 4th 2008.

In hind sight, Hundreds of Millions of people secretly wished or prayed for some sort of misfortune to befall George Bush & Dick Cheney. Some, including myself are still hopeful that these prayers will be answered. I have a lot of old shoes filled with rocks that I would like to toss at them, but I would rather see them on trial for “War Crimes” and “Crimes Against Humanity”… “Yes we can!”

However, all the evils we face in today's World have been driven by a very small group of Wealthy power hungry families. This...cartel of sociopaths own controlling interests in all the Private Banks, Media, and Major Corporations around the World and have complete control of who will be politically successful and who will fail. They do not take chances, nor do they gamble on one politician. They control the entire game and we are left with the illusions of democracy, free speech and a co-opted political leader we elected.

Economic and Social Solutions:

The economic depression we find ourselves in today is no different than the economic crashes that have happened in the past. The results are always the same; the private banks get everything in the end including your freedom. We have become debt slaves in a game that the extremely wealthy own and control, and now they want our pensions and our children’s future.

The real solution that Obama and ALL the other World leaders "SHOULD ADOPT" is to nationalize the Banks, annul the debt accumulated in interest, and then make everyone in their Countries equal shareholder’s in the Banks. The result would be the elimination of high taxes, debt, inflation and poverty. The long-term gains would be a system free of debt and a World that would evolve to a higher level based on equality. Imagine that, all of us in control instead of a few sick individuals!

Nationalization of private banks would remove the autocracy that stops us from helping our fellow man. It would also take the power away from the very few that rule us with an iron fist and would initiate equality among all men and women in our World. The solution is a moral one and requires the masses to support it. But first they must be given the information to free themselves.

Conspiracy?

Banks and Corporations are set up to turn a profit for the shareholders at any cost. In most cases the majority shareholders are from the same greedy families. This sick model of society has caused global hardship and is the sole reason why the majority of the World lives in squalor with constant growth in war, disease and hunger.

Corporate and Banking governance is fascist in its structure, and with the collusion of elected officials in all governing parties, the Private Banking families are poised to impose their New World Order on us all. The Imperial fascist system enforced on the World is evil to its very core and must be abolished or many of us will perish under the boots of tyranny.

The illusion that we elect a Government is only that, an illusion. Especially when an organized group of corporations and banks sponsor the candidates that are presented for election. The real candidates that stand for the people never get the spotlight anymore and have not attained the Presidency since John F. Kennedy.

The Obama Deception:

In 2008, the Population of the World was against the USA and its push for an American Imperial Empire. After 8 tyrannical years (2000 - 2008) of Bush Family Rule, Americans were divided and ready to revolt unless changes were made quickly.

Barrack Obama was chosen by the establishment to lead the Democrats because he spoke the words that the masses wanted to hear. Obama’s surprise visit to Berlin for a campaign speech in front of the German People back in the summer of 2008 was meant as a barometer reading of World opinion to see if he would be successful in regaining favor of the masses. Before that speech, Hilary Clinton was still in the Race as a democratic presidential hopeful, but then pulled out after a secret meeting. You must remember the press asking its audience in panic, “Where is Obama and Hillary?

Obama was the Shadow government’s choice to lead because he was not only able to sway the American people, but was also successful in changing the Worlds opinion of the USA under his leadership. There was no other Presidential candidate that could turn the tide back into the Globalists favor, except Barrack Obama. So they chose him.

Propaganda History & Truth:

If a select group controls the media and the way in which news is reported, you pretty much have control of a very powerful medium that can be used as a propaganda tool against the people. Television is rife with repetition and planned suggestion delivered by loud overbearing mainstream television news that is owned by the corporate sponsors. There is no “IF” in the vocabulary of a control freak, and so the establishment chose Obama.

The people of Germany were also desperate for change in 1933 and followed Hitler in drunken worship because his words offered hope, change, and an end to the 14 years of economic depression that had strangled their country after World War 1. The private banks unwillingness to forgive the War debt and repatriation for the destruction of property is what caused Germany to suffer so severely and was the main catalyst for the rise of Hitler and the launch of the Second World War.

I believe History is repeating itself. Obama has swayed the masses with the promise of major change with direct solutions for the economy. This time the majority of people in drunken worship are from many nations. I see the same insane look in their eyes when they shout “Obama” as I saw in the eyes of those that supported "Hitler” seen in the old German newsreels.

Obama speaks of change, but nothing has or will change. For instance, more than 50,000 US troops will stay in Iraq indefinitely, he is increasing his troop buildup in Afghanistan, and has escalated military drone attacks in Pakistan. He offers talks with Iran but maintains the same rigid posture in his Pro Israeli conditions as the Bush regime. Obama supports Israel regardless of the atrocities they have committed on the innocent people of Palestine. He offers Russia a reset button, but still pushes a missile shield in Poland and the Czech Republic while maintaining all 700 military bases surrounding Russia and China.

I would say that Obama is going to be worse than Bush. He has staffed all his appointments with either former Federal Reserve (A Private Central Bank) employees or members approved by the Zionist lobby group AIPAC. Not to mention that his government has already passed a bill in the congress that will make mandatory service for 18 to 25 year olds a reality. His next step will be to stimulate the weapons manufacturers by beefing up their contracts. These 2 areas are where Obama will focus his back to work program…

In Obama, the Globalists get to seize the opportunity to finalize their plans of World domination through economic and military control. They have successfully pulled the sheet over the public's eyes, and put Obama on a pedestal for idol worship. Like lambs to the slaughter the sheep belt out what they have been told to…Ohhhhbaaaaaammmmma.

I feel that if we do not change the system that controls our society soon, there will not be a society to save. There is an evil lurking all around us and it is called the New World Order. It is time for the masses to make a stand. Turn off your TV’s, get informed and pass the information along to a minimum of 2 others, then ask them to do the same. Always remember that wealth is in the soul, not the bank. Get involved in your Community; it will be your salvation during the hardest times. Good Luck.

Stewart Brennan

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