Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Let The Bail-Ins Begin

    Lobo
    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12
    • Post n°1

    Let The Bail-Ins Begin Empty Let The Bail-Ins Begin

    Post by Lobo Sat 16 Jan 2016, 3:47 pm

    Let The Bail-Ins Begin

    Posted on January 16, 2016 by Martin Armstrong

    Let The Bail-Ins Begin Novo-Bank-Portugal
    Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not or would not lend, the Fed was supposed to buy CORPORATE notes. Then World War I came and the politicians ordered the Fed to buy government bonds. Of course, they never returned the Fed to its original purpose.
    Let The Bail-Ins Begin FDR-Signs-GlassSteagall
    Let The Bail-Ins Begin The-Bankf-of-the-United-States
    FDR usurped the Fed, placed it in Washington, and instituted a single national interest rate; each of the branches maintained a different interest rate to attract capital when there were shortages in one district. So it was common to see rates differ around the country based upon the local economic conditions. FDR also created the FDIC because the Fed failed to function during the Great Depression. The creation of the FDIC was sparked by bankers who were willing to let a New York bank fail in 1930 that happened to be named THE BANK OF THE UNITED STATES. Bank runs began nationwide as people assumed that this Bank of the United States was the government or Federal Reserve. The Bank of the United States was a Jewish banks and the other bankers wanted it to fail to get its business. When it was settled, the Bank of the United States eventually paid out 92 cents on the dollar.
    Let The Bail-Ins Begin UB1798-Y-MA
    Note: The blue tags show the start of when that issue was used in the index and do not reflect the date relative to the chart. Upon that issue date, the bond expired.
    Then, for World War II, FDR ordered the Fed to support the U.S. bond market at PAR. Therefore, bonds rose during the war because of this support ordered by FDR. However, that was terminated in 1951 when we begin to see the long process of government bonds collapsing into 1981 when Volcker raised interest rates to insane levels.
    Video Player


    00:00

    01:16
    With each economic crisis, the government has failed to comprehend the cause and attributed effects to esoteric events that are domestic. Even Larry Summers admitted he was not competent to forecast and that economists have never been able to forecast a single economic decline since World War II. Consequently, the response has been an ever-increasing progression of attempts to control the economy by resorting to ever more Draconian measures.
    Let The Bail-Ins Begin Crisis-Democracy
    We have now gone beyond TOO BIG TO FAIL to TOO BIG TO BAILOUT.  Thus, all the promises from socialism are collapsing from Social Security, to pensions and insuring banks. This is what I have stated for the past 30+ years. We are headed into BIG BANG (which began 2015.75), which is more than just a sovereign debt crisis; it is the total collapse of socialism and a crisis in democracy. We have watched our forecasts made back in 1985 unfold on time and in perfect harmony with history.
    Let The Bail-Ins Begin Troika-Unelected1
    In Europe, not a single head of the Troika has EVER stood for election! The people dictating the lives and direction of Europe by forcing the euro down the throats of everyone NEVER present themselves for election. The European population has absolutely no chance to say these people are wrong or decide to vote them out. There is no democratic process and that is what, historically, leaves only one option — REVOLUTION.
    Let The Bail-Ins Begin Euro-digital-electric
    As Bloomberg has reported, the bail-in has begun in Portugal. These people will simply confiscate our money and now they are trying to move to electronic money to prevent bank runs and hiding cash. The move to electronic money will appear in Europe first.
    Let The Bail-Ins Begin Bubble-Gum-Machine
    This is BIG BANG — the total collapse of SOCIALISM as the result of politicians who are incapable of, not just forecasting the economy, but managing it. If I managed your money and lost it each month, then returned always asking for more, just how many months would you continue to give me more money until you said enough is enough? The mere fact that politicians raise taxes PROVES they are incapable of managing even a bubble gum machine. They squander the money, and when the machine is empty they simply rob us blind to fill it up again.
    This entry was posted in Uncategorized and tagged Bail-In, Federal Reserve, Too Big to Bailout by Martin Armstrong. Bookmark the permalink.
    • Back to top
      Current date/time is Tue 26 Nov 2024, 12:34 am