28 Mar 2013

Cyprus Will Need a Second Bailout - Buchheit

Bloomberg Law: The sovereign debt crisis in Cyprus marks the fifth European nation to need a bailout in recent memory, but this crisis is unique because European Union regulators are taking the unprecedented step of taxing (robbing) bank deposits to finance part of the bailout for the nation's banksters. Lee Buchheit, sovereign debt guru and architect of Greece's bailouts, tells Bloomberg Law's Lee Pacchia that despite the drastic measures taken, the endgame for Cyprus might be another round of restructuring. "I'm not sure this is over," says the Cleary Gottlieb veteran.

Plunderball - New Euro Banking Game - Max Keiser with Mitch Feierstein

Max Keiser and Stacy Herbert discuss the PLUNDERBALL games in Europe and how the United Kingdom turned from Aspiration Nation to Asphyxiation Nation. They also talk about the 'mega-caust' of the financial markets in which those who worried about their gold being confiscated have now lost their bank deposits instead! In the second half of the show, Max Keiser talks to Mitch Feierstein about the implications to all bank depositors of the confiscation of some funds in Cyprus. Source

The Definitive Cyprus Bankster Robbery Infographic

Tyler Durden's pictureEverything you wanted to know about the 'unique, exceptional, non-template, toolbox-of-blueprint-instruments' Mugging of Cyprus but were afraid to read more than 100 words.

The cult of Pythagoras and money + Language numbers and money


'Hegemonic corporations scared as BRICS plan bank to rival IMF'

RT: A new global bank is being born in South Africa - where the world's top emerging economies are meeting. The new financial powerhouse would be a direct challenger to the World Bank and the IMF - both dominated by the US. Brazil, Russia, India, China and South Africa also green-lighted a new, mammoth crisis fund - and hinted they would ditch the dollar. Source

Is The Collapse Of Cyprus Due To This Man? + Marc Faber: "I Am Sure Governments Will One Day Take Away 20-30% Of My Wealth" + Meanwhile, At Cyprus Airport...

Tyler Durden's picture Pinning the blame for the collapse of the Cypriot banking system (and the country itself) on the shoulders of one man may seem harsh but Laiki Bank's chief risk officer Dimitris Spanodimos represents the tip of the spear of mass delusion that encompasses most (if not all) of Europe. Cypriot banks had been swamped with deposits courtesy of their cozy relationship with Russia and this left them with, in Spanodimos' words, "comfortable liquidity and capital position to deepen selectively some highly profitable and highly promising client relationships." 
In short, they had so much excess that they had to invest it somewhere and given the regulators light tough (which gave the banks a clean bill of health through 2011), they bought Greek government debt and extending huge amounts of mortgage loans (in Greece and Cyprus). So, as the WSJ reports, while everyone else was purging, Spanadimos had swallowed the red pill and decided his banks' gorging on extremely risky investments was tolerable - until of course the EU pulled the plug with the haircuts from the Greek bailout. These losses, and the need for new capital, is why Cyprus needed a bailout - so who is to blame...

CYPRUS & THE MOBSTERS: why the descent into global panic is now almost unavoidable

torpedoThe Slog plots the course of a deadly global chain reaction

How the rape of Cyprus will torpedo the banking system
I’ve been moving money around over the last few days. I still am, and I don’t know many people in my immediate circle who aren’t. We all seem to have the same aim: to be in the safest place with the safest currency. And the catalyst for all of us busily doing this is specifically, the Cyprus bank heist involving depositor confiscation; and leading on from that, the growing evidence that the political and financial Establishments globally have every intention of applying such glorified State theft in the future.
What I want to do in this piece is posit a hypothesis about just how nasty this could all get – and how quickly. But first let me offer you some evidence thus far that all trust in Sovereigns keeping their fingers out of our tills has disappeared for the majority of those who are awake. As I’ve said before, nothing gets Fritz, Pierre, Tommy or Vladimir off the sofa quicker than a Sovereign with a bad kleptomania habit.
Simply because French President Francois Hollande pushed through a raft of tax rises and stepped up his campaign against the rich – no obvious grand larceny involved – France suffered a surge of capital flight in the second half of 2012. The net loss in just two months was over €50 billion. Six months before that – when the Spanish situation looked dire – €100 billion flew away in ten weeks.

Keiser the Klairvoyant to Light Up Big Screen in Bailout 2

By John Titus: A significant part of pre-production for Bailout 2 has been researching potential talking heads to explain schemes and frauds that parasite bankers use to steal money from the rest of us (i.e., the productive economy) with a special focus on Europe, where Max Keiser will be cut loose on camera amid the financial ruination. (We know: it's an ambitious project.)
That effort has been aided in large part by John Lewell, a Keiser Report viewer who in August 2012 went through 300+ episodes (then) of the Keiser Report and compiled brief summaries of each, including the names of the guests. Thank you, John. Your fine work has spared us the time of wading through each episode serially on youtube.
Having been through roughly 20 episodes thus far, I’m struck by the many staggering revelations on the show that I'd somehow forgotten, only to be reminded of them later. For that the Keiser Report may be deemed a victim of its own prescience.
A case in point is the recent Senate Judiciary Committee hearing with U.S. Attorney General Eric Holder. Holder’s jaw-dropping admission that certain banks are too big to prosecute, quite aside from its grave legal and constitutional ramifications (which will draw a separate post soon), was actually foreshadowed on the Keiser Report, though I had no way of knowing it at the time.
In Episode 313, Max interviewed Ian Fraser, who set forth a brief history of criminal financial prosecutions in the UK.

Fascism Today: George Soros & his open 'to bankster rape' society

Press TV: Imperialist shill George Soros is a Hungarian-American Jewish Bankster. He is the chairman of Soros Fund Management. Between 1979 and 2011, Soros 'gave away' over $8 billion to "human rights", public health, and education causes.

THE PAEDOFILE: A conflict of interest waiting to become a scandal

How to protect every paedophile in Britain

International children’s services provider, Core Assets Group has announced the acquisition of Carter Brown Associates Ltd – the UK’s leading family expert witness firm. It is at best regulatory indolence and at worst a disgrace that this acquisition is being allowed to go ahead.

The Slog: This latest acquisition by Core Assets – a rapidly expanding service supplier in the children and families sector – may make eminent sense for their business, but it makes no sense at all on the dimensions of justice and a level playing field for dysfunctional families; and while I would stress that absolutely no scandal I know of attaches to CAG, we must all wake up here and work out how paedophile rings operate.

Established in 2001, Carter Brown Associates delivers what it calls ‘bespoke expert witness services to legal professionals who operate in the family courts’. For those new to the subject, let me explain the disgrace of the family courts. They are held in secret – no media allowed – and despite many false dawns since New Labour’s promise of reform and openness way back in 2005, we are still waiting for something to happen.
If there’s one thing intelligent paedophiles love, apart from people under three feet tall, it’s secrecy. Under a regime of secrecy, they are able to infiltrate the social care system. With the power to give work to psychiatrists (supposedly guiding the Judges) now in their gift, these Fifth Columnists bribe the psychs to invent nonsense about this or that family ‘syndrome’…so the child can be taken away from parents, and put into care….for the enjoyment of other paedophiles.

What is happening in Cyprus and How it will affect all of us - Jim Willie

tnknoxrealtortnknoxrealtor: I had the pleasure of interviewing Jim Willie, the Golden Jackass.

He provided excellent information as always about what is really happening and how it will affect us all in Cyprus.

He gives information that is not readily available on the internet. He is able to provide inside information from sources who know what is happening behind the scenes.

Do UK families need fathers?

liarpoliticians: Do families need fathers? Lefties and feminazis claim they don't.

A sane person ought to consider these important lessons

One would think that certain truths are obvious by now.
It should be obvious, for example, that there are consequences to living beyond your means.
It should be obvious that there are consequences to a long history of spending unsustainably and accumulating mountains of debt.
And it should be obvious that there are consequences to dealing with such problems by spending more and accumulating even more debt.
It should be obvious. But it’s not.
In Europe, politicians are hailing their responses to the Cyprus crisis as a success. They pretend like everything is OK, notwithstanding the capital controls now imposed.
cyprus atm A sane person ought to consider these important lessons
Keep moving people, nothing to see here.
Curiously, institutional investors have mostly shrugged off the turmoil. European markets are down just a few percentage points… which is not even considered a correction let alone a crash.
Gold, when denominated in euros, has ticked up a few percentage points. Like sheep running in to a burning barn, most institutional investors have piled into US Treasuries for ‘safety’, bidding the 10-year yield down from 2.05% to 1.91%.
Frying pan. Fire.

New Ice Age to Begin in 2014

By Robert: “Forecasters predict that a new ice age will begin soon,” says this article on russia-ic.com.
“Habibullo Abdusamatov, a scientist from the Pulkovo Observatory of the Russian Academy of Sciences considers that the sharp drop in temperature will start on the Earth in 2014.
“According to the scientist, our planet began to “get cold” in the 1990s. The new ice age will last at least two centuries, with its peak in 2055.
“It is interesting, that the same date was chosen by the supporters of the theory of global warming.
“The expected decrease in temperature may … become the fifth over the past nine centuries, reports Hydrometeorological Center of Russia. Experts call this phenomenon the “little ice age”, it was observed in the XII, XV, XVII, XIX centuries. This cyclicity makes the theory of upcoming cold weather in XXI century look like truth.”