London Real Rose/Icke IV

See it here at 5 PM UK time 12 noon EST London Real

Deutsche Bank Close to Bankruptcy

It seems that collapse of the institution would destroy global financial system.

Deutsche Bank, one of Europe’s largest banks, recently asked hundreds of its managers to voluntarily renounce receiving their monthly salaries, complying with the bank’s program to try to reduce losses. Formally, senior managers voluntarily renounced their respective salaries, giving up their personal earnings to try to save their own jobs. As explained by the bank’s executive director, Christian Zeving, “this decision is part of the cost reduction program”.

Deutsche Bank is in the midst of a difficult austerity program to try to balance accounting after several years of losses. By the end of 2022, the bank plans to reduce the number of full-time jobs by around 18,000 employees, to 74,000 worldwide. Since the 2008 crisis, which shook the foundations of financial system, Deutsche Bank has been going through a constant crisis, having to deal with the great challenge of balancing its finances to survive. However, the situation has started to worsen considerably since 2016, when it added a net loss of almost 7 billion euros (about 7,800 million dollars). In 2018, the International Monetary Fund recognized DB as “the greatest source of risk among systemically important banks in the world”.

Read more at globalresearch.ca

Published in: on June 12, 2020 at 16:39  Leave a Comment  
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From COVID-19 to a microchipped population

The ultimate step in all this is to microchip every living person on the planet. I have been telling friends this for years but it was just like water off a ducks back. Nobody would believe me, “oh that would never happen” they’d say. But the problem is it will happen if everyone is sleepwalking into it. We are in the process of the final steps with the perceived need to track everyone for this new virus and the demonization of cash as it could carry the virus from person to person. Plans to get rid of cash has been on the cards for some years now with most people now using their credit and debit cards to purchase items. With contactless cards you do not even have to touch anything, just scan and go. Trouble is with contactless; someone could steal your card and make several purchases before you have time to stop the card. Well not a problem with that as you could have the chip taken out of your card and implanted in your arm, problem solved. Isn’t technology wonderful, or is it just a little bit scary, it could take over most of your life.

Without the chip or mark you will not be able to buy or sell. Now where have you heard that before?

It has been the plan all along and if not this time then in the very near future. Perhaps you may like to check out ID2020 for more information. It is not clear whether a chip would be implanted but with a digital ID it’s only a matter of time.

Published in: on May 11, 2020 at 14:00  Comments (3)  

Heartbreaking view of a Devastated Industry


Blancolirio YouTube Channel

This is one consequence of the unnecessary lockdown, the industry will not recover from this. Once the jobs are gone they cannot be brought back. Grounded planes are lost jobs and hungry families. Most of these planes will end up being scrapped.

Published in: on May 5, 2020 at 14:24  Leave a Comment  

The Fall Of The Cabal: The End Of The World As We Know It [2020]

This video needs to be watched with viewer discretion. Some scenes may be shocking and the information may be shocking. It was what I had suspected for some time. If we all woke up and took back control this world would be so much better.
YouTube may take this video down at any time. So here is a link to BtChute
The Fall Of The Cabal

World Health Ogranization


I see that there is a petition to remove the Director General of the World health organization (WHO) Tedros Adhanom Ghebreyesus. Tredos is the first non-physician to lead the WHO and is also blamed for the cover up of Cholera in his home country of Ethiopia where he was minister of health and minister of foreign affairs between 2005 and 2012. Three times he tried to cover up the outbreak.

So how does someone with this sort of history get to be head of the WHO?

Now he is being blamed for the bad handling of the current COVID-19 outbreak and Change.org has a petition for his removal. As I write it is nearly 1.000.000 signatures.

Change.org requires a bit of research and in no time you will find that some of the world’s most undesirables are funding this organization. For a start Bill Gates along with Yahoo co-founder Jerry Yang, Twitter co-founder Evan Williams and others have invested $25 million in Change.org. Richard Branson is also a funder to the tune of $250.000.

Just when you think that Change.org was a force for good you realise that maybe you were wrong. Just like Avaaz which is funded by George Soros, Change.org is not wholly funded by its ordinary members and has an injection of big money. Big money that is invested to make a change in favour of the big corporations and their agendas.

I’m not one for making predictions but could a new Director General of the WHO be Bill Gates or even Richard Branson. A bit farfetched I know, but in this world at the moment anything is possible.

A Great Awakening About WHO and its Corrupt Director

Who Funds The Petition Site “Change.org” & Can Funders Money Affect U.S. Elections ?

change.org

Published in: on April 21, 2020 at 08:09  Leave a Comment  

CEO’s abandoning the ship

What did CEO’s know that we didn’t?

Since January 2019 until the end of January 2020, 1699 have left their companies and some have sold shares while the financial markets were high. These numbers have never been seen before, so it cannot be a coincidence and they must have known what was going to happen to the world’s financial markets in early 2020. Does ask the question whether this has all been planned and they knew what was coming.

Read more at globalresearch.ca

Published in: on March 30, 2020 at 17:39  Leave a Comment  

Big Pharma profits more important than lives

In a world where money is king people and the environment come second or even in last place.
One of the areas of big money is big pharma, where money and profit is of the utmost importance. If there is a cheap alternative or readily available alternative to treating people and saving lives then this information is supressed and totally ignored. This is now the case with the Covid-19 coronavirus that is sweeping across the planet as I write this.
China has found a way of treating the virus with high doses of intravenous vitamin C, which has been proved to work on many patients in the Shanghai region of China. So successful that it is now being used in New York State to treat infected patients.
But the problem with a proved cheap alternative to what Big Pharmaceutical wants to supply in the way of a vaccine, that can be up to year off is being supressed. Even Facebook recently blocked posts about intravenous vitamin C because it did not follow ‘Community Standards’. Facebook like some other social media are clamping down on other ideas not just this but also others that go against the official narrative.
Saving lives is not profitable, but a new vaccine could make billions of dollars.

Read more at Global Research
Also Orthomolecular.org

Published in: on March 28, 2020 at 14:06  Leave a Comment  

£800 million for Ministry of Defence


OK now we have it. On the back of the Russian spy poisoning the government has now surprisingly found £800 million for the Ministry of Defence, which was announced by Theresa May during prime minister’s question time this last Wednesday. Most of the money £600 million will go to the multibillion pound plan for 4 nuclear armed Trident/Dreadnought submarines to replace the aging ones we have and have never used. This is money that could be better spent on health and housing, not wars that will never happen. A great many people in this country opposes funding for more nuclear weapons so the government comes up with an idea that will persuade the population to change their mind. Their minds are not their own. So now it looks like the defence budget will not be scraped as Chancellor Philip Hammond has said.

Published in: on March 30, 2018 at 13:33  Leave a Comment  
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Social Credit

Picture Kevin Hong

We’ve all heard of credit checks to see how you manage your finances, so when you want a loan the bank or loan company can find out whether you are a safe bet or not. A bad credit score means you probably will not get that loan you desperately need for a new car or whatever else you needed. At the same time if you are a good payer and manage to get through live without taking out a loan then that can also be a bad credit score. No credit history means a bad credit history as far as the banks are concerned.

That gets me to the title of this post ‘Social Credit’.

Recently China has announced that it is intending to bring in a social credit system as a means of denying services like flying and train travel to citizens for up to a year for those who have a low social credit score. As I write this there are about 7 million Chinese citizens on a list banning them from taking flights for social misdeeds. Misdeeds such as spreading false information about terrorism and making trouble on flights, as well as   using expired tickets or smoking on trains, etc.

This is just starting in China with the full rollout of the social credit system, which first came to light in 2014 and is to be in place by 2020. In the words of President Xi Jinping “ONCE UNTRUSTWORTHY, ALWAYS RESTRICTED”. Those words are really frightening and could put someone in the bad books for the rest of their life.

That got me thinking that if you have no ‘social credit history’ as with no ‘financial history’ then does this turn you into bad citizen? So trying to keep your head down and do nothing wrong you could be on the wrong side and lose basic services.

Corporatocracy

Now there’s corporatocracy, which is a fast approaching world where citizens need to be of value to the system. A system that is entirely run be corporations requiring a profit from all transactions. In such a system you could have a mixture of social and financial credit. The higher your score the less value you are and the more worthless you are to the system ending in you having all services removed and being discarded.

Just a thought .

Published in: on December 15, 2017 at 07:04  Leave a Comment  
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30 Things You Should Do To Prepare For The Imminent Economic Collapse

See more at The Economist – economy politics news

Plan for the worst hope for the best. Think of it as insurance against a possible future event.

Published in: on May 10, 2017 at 09:21  Leave a Comment  
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Mark Rylance – Join the Conscience Campaign


See more at Conscience: Taxes for Peace Not War
This is a wonderful idea. If we as tax payers could choose where our tax is spent then the world would really change.

Immigration, World Poverty and Gumballs


See more at NumbersUSA
This video helps bring into focus the truly appalling world poverty we see today. The rich countries of the world need to do more to help the poor countries. Too much wealth is in the hands of too few people.

Iceland Has Offered Foreign Bondholders A “Choice”: Sell Now, Or Have Cash Impounded Indefinitely

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Iceland has had a difficult past few months politically, as its Prime Minister Sigmundur David Gunlaugsson became the first casualty of the Panama Papers.

Economically however, the story is more upbeat, as the country has rebounded since the financial crisis. The Icelandic Krona has stabilized against the Euro, the rate of change in inflation has slowed, and the country has recorded year-over-year growth in GDP each year since 2011.

However, in a shocking turn of events, a law passed on May 22 by Iceland’s parliament is offering the foreign holders of about $2.3 billion worth of krona-denominated bonds a choice of either selling out in June at a below-market exchange rate, or have the money they receive upon maturity be impounded indefinitely in low interest bank accounts. In other words, Iceland is trying to kick out foreign investors.
Read more at zerohedge.com

Published in: on June 3, 2016 at 06:55  Leave a Comment  
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‘Basic income’ poll: 64% of Europeans would vote in favor, 4% would stop working

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Most Europeans support the idea of a “basic income” paid to every individual to cover their basic needs, according to the first EU-wide survey on the subject. Governments would pay the same amount of money to each person, regardless of whether they work.

The poll, conducted by German company Dalia Research in April, was the first EU-wide survey to address the proposal of a basic income, defined in the poll as “an income unconditionally paid by the government to every individual regardless of whether they work and irrespective of any other sources of income.”

The preliminary results found that about 58 percent of respondents were aware of the idea of a basic income, and 64 percent would vote in favor of the policy in a referendum.
Read more at www.rt.com

I would reduce my hours and spend more time working on alternative issues. (Forsooth)

Published in: on May 25, 2016 at 06:25  Leave a Comment  
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“Get pensioners to pick fruit and vegetables in the fields” says Tory minister

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Hapless former Environment Secretary, Owen Paterson, suggested that old age pensioners be put to work on the UK’s fruit farms. He even had the cheek to say that because they would probably be a bit slow, they should be paid less than the minimum wage so as not to waste the farmers’ money.

Paterson’s army of silver haired and grimy finger nailed serfs would have replaced some 20,000 (mostly youthful) Bulgarians and Romanians who had been employed seasonally under a scheme which preceded the total opening of the jobs market to the eastern European countries.

The notion that the elderly are somehow slacking and need to be put to work if they’re to have any social value is a grotesque distortion of reality. Lord Bichard, a former head of the Benefits Agency, proposed that retired people should do community service or face losing some of their pension. He was slapped down by, among others, Michelle Mitchell of Age UK who pointed out that over a third of people aged 65-74 already do voluntary work anyway. No doubt many such folk enjoy picking fruit as well, but there’s a huge difference between a spot of pick your own with the grandkids and the gruelling high pace and long hours of a commercial farm.

Read more at www.thecanary.co

Published in: on March 19, 2016 at 15:16  Leave a Comment  
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Canada plans to experiment with giving people unconditional free money

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Finland and the Netherlands have already shown their interest in giving people a regular monthly allowance regardless of working status, and now Ontario, Canada is onboard.

Ontario’s government announced in February that a pilot program will be coming to the Canadian province sometime later this year.

The premise: send people monthly checks to cover living expenses such as food, transportation, clothing, and utilities — no questions asked.

It’s a radical idea, and one that has been around since the 1960s. It’s called “basic income.” In the decades since it was first proposed, various researchers and government officials have given basic income experiments a try, to mixed results.

Read more at www.techinsider.io

Published in: on March 14, 2016 at 07:55  Leave a Comment  
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Why the whole banking system is a scam

Published in: on February 29, 2016 at 19:49  Leave a Comment  
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To Lift Quality of Life and Economy, Finland Champions Universal Basic Income

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As a way to improve living standards and boosts its economy, the nation of Finland is moving closer towards offering all of its adult citizens a basic permanent income of approximately 800 euros per month.

The monthly allotment would replace other existing social benefits, but is an idea long advocated for by progressive-minded social scientists and economists as a solution—counter-intuitive as it may first appear at first—that actually decreases government expenditures and unemployment while boosting both productivity and quality of life.

“For me, a basic income means simplifying the social security system,” Finland’s Prime Minister Juha Sipilä said last week.

Though it would not be implemented until later in 2016, recent polling shows that nearly 70 percent of the Finnish people support the idea.

Read more at www.commondreams.org

Switzerland are to hold a referendum later this year on the very same idea. (Forsooth)

Published in: on February 29, 2016 at 19:29  Leave a Comment  
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The bankers story

bankers-story

Published in: on February 22, 2016 at 14:46  Leave a Comment  
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War on everything

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War on terror or War of terror

War on terror started soon after the World Trade Centre in New York was targeted with commercial airliners. This was possibly one of the world’s biggest false flag events and the American government and its so called allies went on to bomb Afghanistan, Iraq, Libya and is now fighting a proxy war in Syria, with the very real possibility of a third world war with Russia and/or China looming over the horizon.

First the enemy was al-Qaeda, then the Taliban in Afghanistan, the very organization that the west had encouraged to fight the Russians. After a few years the west seemed to have lost interest in Afghanistan and in the meantime had started a full scale war with Iraq killing possibly a million people and totally devastating the country before moving on to Libya to cause the very same destruction. In Syria our enemy is supposed to be ISIS or is it Daesh. Our enemy is whatever they say it is. Iran is next on the list.

This so called war on terror is simply a means to control the resources of these countries and has nothing whatsoever to do with bringing democracy to these once sovereign states. It is also about removing the last countries that have not joined the club. The banking cartel is the main reason for such destruction. The banks control the World not governments.

War on cash

It has been planned for a while now that cash will disappear completely from our everyday lives and credit and debit cards will be the only way to pay. Also the mobile phone will be pushed as a way to pay which might even make the cards obsolete. At the moment we have many different ways to pay but in the future we may only have one choice. Every transaction we make in the future whether buying or selling will be recorded somewhere. This information will be used to keep meticulous records of our lives in order to charge tax and build a profile of the person we are or the person they think we are. Already some major banks are lowering their interest rates to zero or below and some countries are beginning to think about getting rid of cash altogether like Sweden.

War on the net

The internet has been the greatest instrument of freedom we have the pleasure to witness in recent times. But this is a real problem to the controlling elites. They are desperately trying to find ways to curb our use of this great Oracle. At the moment they do not have much control on the information we can access. When it was just the printed word as in newspapers and TV news it was easy to get the story straight, but now they have lost control of what we know. Right now Facebook and Twitter have had controls put on them to block certain content. We are losing the choice to make up our own minds of what we read.

War on CO2

Some time ago it was decided that the world was warming and this is caused by humans and not by any natural means. It cannot be anything to do with any normal cycles with the sun as the biggest driver of climate that have been going on for millions of years. No it must be us, we are the problem. CO2 is a poison not a vital ingredient of our atmosphere that plants need to grow. How arrogant that we could change the climate so much and even more arrogant that we could fix it. The climate will always change whatever we try to do, it has always changed in the past.
Anyway be controlling CO2 emissions they have a great tool to control us. As usual it is the ordinary people that have to suffer and not the elites at the top who ignore all their own advice, they are immune to anything they say.

War on freedom

There has been a war on our freedom for hundreds of years as the powers that be are moving ever towards their goal of controlling everything that we do or think. They are scared of us and the potential that we have. If we are to move on to the next dimension of our existence then it is up to us to grasp the chance now and not let some minority control our future world. This life is ours and not the property of someone else. Our future is up to us. (Forsooth)

Real Goods Are The Real Money

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Certainly not gold or cash under the mattress.

Written by Tom Chatham.

We have seen the massive drop in the Baltic Dry Index over the past few months indicating shipping of bulk materials around the world is slowing down to unprecedented levels. We have seen the shutdown and mothballing of hundreds of locomotive engines in the U.S. just over the past few months indicating goods and raw materials are not being shipped in the normal volume as in years past.

We are seeing hundreds of stores run by major retailers being shut down around the country indicating people are not buying goods at the same rate as in years past. Most of our manufacturing ability has been shipped overseas to lower input costs. It has been reported that as many as 15% of the farmers in the U.S. will go out of business this year.

This all means two things. People no longer have the means to buy at will and the amount of goods available will continue to fall until there are severe shortages in the system. The lack of production and distribution will insure that the standard of living of most Americans will drop in the coming months as supply is outstripped by demand in a collapsing economy. As indicated above, the collapse is not coming soon, it is here now.

Real goods trump money of any kind when it comes to everyday living. If you have a years worth of goods stored in your home or the ability to produce them locally, it does not matter if you have a million dollars or no money at all. It does not matter if the store shelves are full or empty. It does not matter if goods are being produced and transported. If you have access to those goods you have what you actually need and not paper promises to get them at some future date for an unspecified amount.

Read more at alt-market.com

Published in: on February 11, 2016 at 21:48  Leave a Comment  
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The Government is Weaning Us Off of Cash


Corbett Report YouTube channel
financialsurvivalnetwork.com

Published in: on February 4, 2016 at 22:22  Leave a Comment  
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Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note

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On Tuesday we got the latest evidence that officials across the globe are preparing to institute a cashless “utopia” when Handelsblatt reported (in a piece called “The Death of Cash) that the Social Democrats – the junior partner in Angela Merkel’s coalition government – have proposed a €5,000 limit on cash transactions and the elimination of the €500 note. 

Berlin is using a familiar scapegoat to justify the plan: the need to fight “terrorists” and “foreign criminals.”

“Limits on cash transactions would discourage foreign criminals from coming here to launder money,” says a paper penned by the Social Democrats. “If sums over €5,000 have to pass through traceable bank transactions, laundering would be severely hampered, it adds.”

Read more at www.zerohedge.com

War on cash has come to new heights by labelling cash as dirty and used by terrorists. They want to take away your cash so they can follow everything you do. (Forsooth)

Published in: on February 4, 2016 at 22:18  Leave a Comment  
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This is Iceland

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Published in: on February 4, 2016 at 22:10  Leave a Comment  
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Iceland Sentences 29th Banker To Prison, US Bankers Still Collecting Bonuses

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REYKJAVIK, Iceland — While the world economy struggles to recover from the 2008 financial crisis, most of the bankers who caused the collapse are still collecting massive salaries and have faced few, if any, consequences.

Except in Iceland.

In one of the countries hit hardest by the collapse, 29 bankers have now been sentenced to prison for their roles in the crash. According to, Stefan Simanowitz, writing for The Huffington Post on Jan. 5, “Just before Christmas, the former CEO of Iceland’s Glitnir bank and two other senior bankers were sentenced to jail terms of up to five years for market manipulation and breach of fiduciary duties.”

Simanowitz questioned why the United States and the United Kingdom, for example, have been far more lenient on their banks.

“[N]ot a single senior banking executive in the US or the UK has been jailed for their role in the financial crisis. Whilst banks — such as the five found to be rigging the Libor rate — have been hit with substantial fines, the individual bankers behind the fraud, market rigging and irresponsible lending that led to the economic meltdown have all avoided time behind bars.”
Read more at www.mintpressnews.com

Published in: on February 4, 2016 at 22:08  Leave a Comment  
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Switzerland To Hand Out $2500 Monthly To All Citizens

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With Citi’s chief economist proclaiming “only helicopter money can save the world now,” and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a “basic monthly income” for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job.

The plan, as The Daily Mail reports, proposed by a group of intellectuals, could make the country the first in the world to pay all of its citizens a monthly basic income regardless if they work or not. But the initiative has not gained much traction among politicians from left and right despite the fact that a referendum on it was approved by the federal government for the ballot box on June 5.

Read more at www.zerohedge.com

I think the worlds monetary system is now in a desperate state and this is a last resort after QE and zero interest rates are not working. (Forsooth)

Published in: on February 1, 2016 at 08:47  Leave a Comment  
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Iceland forgives entire population its debt. Total US media blackout.

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The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused”

This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population.

The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.

If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story.

Read more at www.disclose.tv

Published in: on January 30, 2016 at 09:18  Leave a Comment  
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Why interest rates will never rise

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Interest rates have been at an all-time low now for seven years in the UK at 0.5%. It has been a bad time for savers but good for those trying to pay off their mortgage.

I think that the rate will stay at its present level for the foreseeable future or perhaps indefinably. There is even the possibility that it will go into negative territory, which will mean that you will be charged to keep your money in the bank.

During the last seven years savers have been losing money on their savings and it is hitting the retired worse as they were trying to live off any interest during retirement.

The poor are getting poorer and the middle class is being pushed down towards the bottom. In the end if nothing changes there will be only two class systems in this country – the poor and the unbelievably rich. I think this has been engineered to supress the people and put more power into fewer hands and it is not just the UK but is a pattern in the rest of the World as well.

There is so much bad news in the World right now concerning money and banks, perhaps we need to withdraw our money from these criminal organizations and stick it under the mattress. Not sure if I can do this, there is also the possibility that even the paper money could become worthless. Maybe we need to invest in real things that will protect us in the future, like food, fuel, homes, etc. We most certainly need to invest in community, this is where we can protect each other, and we are helpless trying to weather the coming storm by ourselves. (Forsooth)

 

Published in: on January 23, 2016 at 08:32  Leave a Comment  
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The Bail-in: Financial Collapse To Steal Your Money – The David Icke Videocast


David Icke YouTube channel
www.davidicke.com

Published in: on January 23, 2016 at 08:00  Leave a Comment  
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The Federal Reserve Explained in 3 Minutes

Published in: on January 23, 2016 at 07:54  Leave a Comment  
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Published in: on January 18, 2016 at 12:42  Leave a Comment  
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What You Need to Know About the Matrix


AMTV YouTube channel
See more here at www.amtvmedia.com

Published in: on January 18, 2016 at 12:39  Leave a Comment  
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Oxfam says wealth of richest 1% equal to other 99%

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The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality.

Oxfam also calculated that the richest 62 people in the world had as much wealth as the poorest half of the global population.

It criticised the work of lobbyists and the amount of money kept in tax havens.

Oxfam predicted that the 1% would overtake the rest of the world this time last year.

It takes cash and assets worth $68,800 (£48,300) to get into the top 10%, and $760,000 (£533,000) to be in the 1%. That means that if you own an average house in London without a mortgage, you are probably in the 1%.

Oxfam said that the 62 richest people having as much wealth as the poorest 50% of the population is a remarkable concentration of wealth, given that it would have taken 388 individuals to have the same wealth as the bottom 50% in 2010.
Read more at www.bbc.co.uk
This is a shock to me as it puts me in the 10% and I do not earn that much. 62 people having as much wealth as the poorest 50% is beyond comprehension. (Forsooth)

Published in: on January 18, 2016 at 12:31  Leave a Comment  
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The Worst Ever Stock Market Start Is Just the Beginning: “Unprecedented Chaos Is Coming”

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We have never had a year start the way that 2016 has started. In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now down 21 percent since September, and it has been an absolute bloodbath in Europe over the past four days. Of course the primary catalyst for all of this is what has been going on in China. There has been an emergency suspension of trading in China two times within the past four days, and nobody is quite certain what is going to happen next. Eventually this wave of panic selling will settle down, but that won’t mean that this crisis will be over. In fact, what is coming is going to be much worse than what we have already seen.
Read more at www.shtfplan.com

Published in: on January 12, 2016 at 19:36  Leave a Comment  
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North Atlantic EMPTY of Cargo Ships in-transit

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Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.

This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.

The reason commerce has stopped is simple: People are not buying things. When people do not buy things, retailers do not sell things, so they do not order more goods for stock.

When retailers do not order goods, manufacturers don’t make anything because there are no orders to fill. When manufacturers do not make goods, they don’t order raw materials for manufacturing.
Read more at www.superstation95.com

Published in: on January 11, 2016 at 12:56  Leave a Comment  
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Britain’s Banking Industry To Implement Depositor Bail-in Scheme? The Confiscation of Bank Deposits

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On the first day of 2016 all banks located within the EU follow the ‘Anglosphere’ nations of Britain, America, Australia, New Zealand and Canada into an agreement, where the next bank failure and bail-in could cost depositors all their money.

Think it won’t happen. Six years after the last financial calamity caused by reckless bankers aided by negligent politicians in late 2014, one in five European banks failed basic stress tests that would see bankruptcy on the first hint of trouble. What did they need to get past that stress test? Twenty four thousand million euros.

One should not forget that the Bank of Cyprus passed its stress test with flying colours just before it crashed and burned. That bail-out and bail-in came in at €23 billion to the taxpayer but it also took 47.5% of depositors money over €100k as well.

Think it won’t happen to British Banks? This from the Financial Times:

“The Bank of England’s stress tests of the banking sector have been attacked as “fatally flawed” for setting hurdles that are too easy to clear and giving false comfort about the safety of the financial system.”

A report published by the Adam Smith Institute, a free market think-tank, calls for the BoE annual stress tests to be scrapped, arguing they are “worse than useless” because they disguise weakness in the UK banking system.

The BoE has said that banks will be required to meet a minimum 3 per cent leverage ratio to pass 2015 tests. If it had done so in 2014’s tests, half the banks would have failed: Lloyds Banking Group, Royal Bank of Scotland, the Co-op Bank and Santander UK.

An article in right-wing The Telegraph, opined – “Punishing the banking industry punishes the UK as a whole” where it postulates that in 2014 the banking industry contributed over £30bn to the treasury. What this article fails to say is that half of that tax paid was employee taxation, and only £1.6bn paid as corporation tax …. for the entire industry. Don’t forget that banks are still paying billions in fines, used to offset even more tax contributions.
Read more at globalresearch.ca

Published in: on January 11, 2016 at 12:46  Leave a Comment  
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3.5 Million Homeless and 18.5 Million Vacant Homes

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The National Economic and Social Rights Initiative along with Amnesty International are asking the U.S. to step up its efforts to address the foreclosure crisis, including by giving serious consideration to the growing call for a foreclosure moratorium and other forms of relief for those at risk, and establishing a housing finance system that fulfills human rights obligations.

New government census reports have revealed disturbing information that details the cold, hard numbers of Americans who have been deeply affected by the state of our economy, and bank foreclosure practices:

In the last few days, the U.S. government census figures have revealed that 1 in 2 Americans have fallen into poverty or are struggling to live on low incomes. And we know that the financial hardships faced by our neighbors, colleagues, and others in our communities will be all the more acutely felt over the holiday season.

Along with poverty and low incomes, the foreclosure rate has created its own crisis situation as the number of families removed from their homes has skyrocketed.
Read more at www.trueactivist.com

 

Published in: on January 7, 2016 at 19:19  Leave a Comment  
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Co-operative Bank close Palestine Solidarity Campaign’s account

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Today (24 Nov 2015) the Palestine Solidarity Campaign (PSC) has launched a legal case against the Co-operative Bank on the grounds of discrimination. Last month, PSC’s account was closed by the Co-operative Bank which cited “the Bank’s risk appetite” for the closure and has refused to elaborate further. Another 20 organisations working for Palestine – including a number of PSC branches – have also had their accounts closed or denied. PSC and its legal team believe the decision is discriminatory and contravenes the Equality Act 2010. PSC has today initiated legal proceedings against the Bank. ITN solicitors, acting on behalf of PSC, state the Co-operative Bank’s “failure to provide any reasons for the closure of PSC’s account, which has been compounded by your failure to provide appropriate disclosure, leads to the conclusion that the decision to close the account is based on: Our client’s cogent belief in Palestinian rights, including the right to self-determination and the right of return, and to oppose Israel’s occupation and violations of international law. The nationality or religion of the Palestinian people.” Therefore the decision to close PSC’s account is “contrary to sections 13 and 29 of the [Equality] Act [2010]”.
Read more at www.palestinecampaign.org

Published in: on November 26, 2015 at 19:34  Leave a Comment  
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Central planners around the world are waging a War on Cash

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In just the last few years:

Italy made cash transactions over €1,000 illegal;
Switzerland proposed banning cash payments in excess of 100,000 francs;
Russia banned cash transactions over $10,000;
Spain banned cash transactions over €2,500;
Mexico made cash payments of more than 200,000 pesos illegal;
Uruguay banned cash transactions over $5,000; and
France made cash transactions over €1,000 illegal, down from the previous limit of €3,000.

The War on Cash is a favourite pet project of the economic central planners. They want to eliminate hand-to-hand currency so that governments can document, control, and tax everything.
Read more at www.activistpost.com

Published in: on November 23, 2015 at 08:25  Leave a Comment  
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First They Came for the Pennies

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The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”):

Whether it’s for mulled wine at the Christmas market, a beer at the bar, even the smallest charge is settled digitally. Even the homeless vendors of the street newspapers Faktum and Situation Stockholm carry mobile card readers.

A similar situation is unfolding in Denmark, where nearly 40% of the paying demographic use MobilePay, a Danske Bank app that allows all payments to be completed via smartphone. With more and more retailers rejecting physical money, a cashless society is “no longer an illusion but a vision that can be fulfilled within a reasonable time frame,” says Michael Busk-Jepsen, executive director of the Danish Bankers Association.
Read more at wolfstreet.com

We are moving fast into a cashless society, and once we are there every transaction will be monitored and your lifestyle will be under scrutiny as well as the taxman asking for a cut of every sale you make. Also as the interest rate goes into negative and the banks start charging you to hold your cash your only choice will be to either put up with the charges or buy goods.(Forsooth)

Published in: on November 23, 2015 at 08:12  Leave a Comment  
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A Very Official letter

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In the government’s Review of Economic Responsibility it has come to my attention that a great many members of your Society are failing to meet their responsibility towards the economic progress of Britain. In essence, their commitment to the maintenance of consumer expenditure is questionable, as illustrated in the following examples collected by my inspectors:

On attempting to contact members of the Quakers it has been discovered that many do not possess a mobile phone (which some also insist on calling ‘telephone’), and those who do, have a very basic and old fashioned model. Not only is this bad for employment and new developments in the personal communication industry but also for those producing rechargeable batteries and electric power for their charging. Regarding the latter the government has made considerable investment in recent years in renewable energy production and wishes to see an adequate return.

From external observation, it has also become clear that many of your members do not have wide screen multi-channel digital and satellite television. This again hampers the development of the electronic and entertainment industries and sets an unhealthy example to the younger generation when older citizens deliberately deprive themselves of choice.

It has been reported that your members sign up to something called a ‘testimony to simplicity’. If correct, this could be an extremely serious offence as the implications for our economy are profound. Our consumer monitors report that many Quakers fail to keep up in a prompt manner with latest fashions in dress, interior design and motor vehicles – the negative impact on these industries and their many employees is obvious. It may be argued that many consumer goods are imported and that it is other countries which benefit, but in the world of free trade we depend on these countries in turn to purchase the full range of British goods, from gizmos to guns, which they cannot do if we fail to support them where they have a comparative advantage.

Failure to replace consumer goods with newer models also renders it difficult for your government to meet its environmental targets, as measured by volume of waste material recycled.

Deliberate actions to reduce consumer expenditure may also be interpreted as withholding income that would otherwise be contributing to Value Added Tax and hence reducing the national debt. That is, a form of tax avoidance.

I cannot emphasise strongly enough that it is the continuing growth in demand for consumer goods, and associated competition, which drives the technological change from which we all benefit, and that it is our duty as citizens to contribute as much as we are able towards it. May I also point out that it is no longer necessary, as in the past, for savings to be accumulated for such investment, as the generation of easily available credit by the most sophisticated banking system in the world (which I may
say Quakers were involved in founding) renders the desirability of saving unnecessary. Too few Quakers seem to take advantage of this. Although a certain provision for private pension is acceptable this should be regarded as a postponement of consumption, allowing the older person to continue to participate in the economic enhancement of the community. It is therefore a mark of good citizenship to spend as much of one’s income as possible on the latest goods and services, and I trust your members will exercise their social duty accordingly. I enclose a list of approved consumer phobia therapists to help with those of your members who have adverse reactions to unrestrained spending. Yours with retail concern

Republished with kind permission from Ray Vool
Original from www.yorkquakers.org.uk

Published in: on November 22, 2015 at 09:26  Leave a Comment  
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All Icelanders receive money after government takes over ownership of bank

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Every Icelander will receive about US$232,802 for the sale of one of the country’s three largest banks, Islandsbanki.

Creditors of the failed bank proposed the nationalisation of Islandsbanki, in which they hold a majority stake. The move will help Iceland lift capital controls imposed after the 2008 financial meltdown and will give Icelanders a fair share of the failed bank’s sale.

Finance Minister Bjarni Benediktsson announced in late October that the government will take “some decided portion, five per cent, and simply hand it over to the people of this country.” Icelanders took control of their government, so they now own the banks.
Read more at www.australiannationalreview.com

The BBC here in the UK never ran this story. I guess they do not want us to know.

Published in: on November 11, 2015 at 14:54  Leave a Comment  
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Stop TTIP, TISA, CETA, TPP and other similar trade and investment agreements

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The Seventh World Congress of Education International meeting in Ottawa, Canada, from 22nd to 26th July 2015.

20 reasons to oppose these so called agreements.

1. Reaffirms EI’s longstanding opposition to multilateral, plurilateral, regional and bilateral trade agreements which seek to commercialise and privatise public services, including education.

2. Expresses grave concerns about the new wave of trade and investment agreements which are currently being negotiated by national governments and supra-national bodies such as the European Union (EU). These agreements include the EU-Canada Comprehensive Economic and Trade Agreement (CETA), the EU-US Transatlantic Trade and Investment Partnership (TTIP)[1], the Trans-Pacific Partnership (TPP) and the Trade in International Services Agreement (TiSA), which involves 23 members of the World Trade Organisation (WTO) (including the EU as one).

3. Believes these trade and investment agreements will have far-reaching implications for the world economy, particularly as they are being promoted as benchmarks for future deals.

4. Recognises that developing countries are likely to be more adversely affected by rules of trade and investment agreements that limit and prevent the establishment and expansion of public services, including education.

5. Condemns the lack of transparency and proper democratic oversight and the fact that representatives from the poorest countries of the world are excluded completely from these negotiations.

Read the rest here www.ei-ie.org

Published in: on August 6, 2015 at 06:26  Leave a Comment  
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This Is the End of the Line for Syriza

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Greek banks have reopened after weeks of closure. The patient and orderly way customers queued outside to use ATMS during the big shut down was an impressive sight, especially for those people who are fond of considering Greek people as somehow incapable of doing things right.

But nothing is harmonious. The queues outside the job centres are as long as ever, while many of the shops that shut down at the same time as the banks, still haven’t reopened. Anti-austerity and anti-governmental protests have started to take place for the first time since Syriza came to power. Dozens were arrested as the Greek parliament voted to accept a new bailout deal from Europe, based on the very terms that were rejected just days earlier in a national referendum. Fresh riots took place as the parliament passed a law that allows the confiscation of people’s homes.

As Syriza burns its bridges with the general public, life for the majority of people has returned to hopeless normality – indeed, many people have spent more time talking about the wildfires that have broken out around the country than the troika in the past few days.
Read more at Greek Reporter

Published in: on July 27, 2015 at 08:54  Leave a Comment  
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The Problem of Greece is Not Only a Tragedy. It is a Lie.

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By John Pilger
An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has wilfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.

Prime Minister Alexis Tsipras has pushed through parliament a proposal to cut at least 13 billion euros from the public purse – 4 billion euros more than the “austerity” figure rejected overwhelmingly by the majority of the Greek population in a referendum on 5 July.

These reportedly include a 50 per cent increase in the cost of healthcare for pensioners, almost 40 per cent of whom live in poverty; deep cuts in public sector wages; the complete privatization of public facilities such as airports and ports; a rise in value added tax to 23 per cent, now applied to the Greek islands where people struggle to eke out a living. There is more to come.

“Anti-austerity party sweeps to stunning victory”, declared a Guardian headline on January 25. “Radical leftists” the paper called Tsipras and his impressively-educated comrades. They wore open neck shirts, and the finance minister rode a motorbike and was described as a “rock star of economics”. It was a façade. They were not radical in any sense of that clichéd label, neither were they “anti austerity”.
Read more of John Pilger’s article at Dandelion Salad

Published in: on July 27, 2015 at 08:43  Leave a Comment  
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Greece’s Parliament Cannot Override the NO Vote. The Agreement with the Creditors is Illegal

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The Referendum was an outright ritual of democracy. The Greek people were betrayed. On Monday morning, July 6, on the day following the referendum, Prime minister Tsipras put forth a 13 page draft proposal which included most of the demands of the creditors. This proposal, which was drafted before the referendum in close consultation with the creditors was essentially intended to lead towards the acceptance of the creditors’ demands, namely to support the YES vote which was defeated in the July 5 Referendum.

This about-turn had been carefully engineered. The Greek people were misled and deceived. PM Tsipras was in bed with creditors while supporting the No Campaign. He had made a deal with the creditors, he was in favour of accepting the demands of the creditors all along. The NO mandate of the Greek people was meant to be ignored. And that decision was taken BEFORE the referendum.

While the result of a referendum is not always legally binding, it nonetheless provides an explicit political mandate to the government which has to be followed. A referendum cannot be based on a priori deception. The results cannot be ignored in a democracy.
Read more at Global Research

Published in: on July 24, 2015 at 07:01  Leave a Comment  
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Lapavitsas Calls for Exit as the Only Strategy for Greek People


Transcript of Lapavitsas’ speech at Global Research

The Firesale Begins: Tsipras Agrees To Sell Greek Assets
It’s never been more obvious that Greece has been sold out to the banks. Like many countries before, their nation has been scheduled to endure poverty and chaos, followed by a firesale of their assets. The latest evidence of their nation’s capture by the banks, is the selling of their numerous islands to wealthy buyers.
Read more at The Daily Sheeple

Published in: on July 23, 2015 at 06:28  Leave a Comment  
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July 5: Greek Independence Day; July 15: Greek In Dependence Day

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The Greek parliament just voted, in a 229 for and 64 against landslide, to implement the austerity Europe demands to grant Greece the funds for Bailout #3 so that Greece can then repay European creditors (as opposed to facing up to the pain imminently and suffering through a Grexit) implicitly giving up their sovereignty and sending their 61% “Oxi” voting citizenry into what will inevitably be an even deeper economic depression.
Read more at Zero Hedge

They should have voted the other way. Surely now the Greek people will rise up and take back their country from the vultures of Europe. The people have had their democracy stolen. The government is full of traitors who do not care about the people who they were elected to serve.

Published in: on July 16, 2015 at 06:24  Leave a Comment  
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