A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history.
According to this “urgent bulletin,” this warning is being made at the behest of Prime Minister Medvedev who earlier today warned against the Western banking systems actions against EU Member Cyprus by stating:
“All possible mistakes that could be made have been made by them, the measure that was proposed is of a confiscation nature, and unprecedented in its character. I can’t compare it with anything but … decisions made by Soviet authorities … when they didn’t think much about the savings of their population. But we are living in the 21st century, under market economic conditions. Everybody has been insisting that ownership rights should be respected.”
Medvedev’s statements echo those of President Putin who, likewise, warned about the EU’s unprecedented private asset grab in Cyprus calling it “unjust, unprofessional, and dangerous.”
In our 17 March report “Europe Recoils In Shock After Bankster Raid, US Warned Is Next” we noted how Russian entities have €23-31 billion ($30-$40) in cross-border loans to Cypriot companies tied to Moscow, and €9 billion ($12 billion) on deposit with Cypriot banks [as compared to the €127 billion ($166 billion) being kept in similar circumstances by 60 of the United States largest corporations in offshore accounts to avoid paying American taxes] which are in danger of being confiscated by EU banksters.
Unbowed by the misery they have inflicted upon the entire continent, however, and in spite of Russian warnings, European Union officials hardened their stance against Cyprus today by announcing that if the Cypriot government did not allow the raiding of private bank accounts by Monday they would be forced to destroy their banks, which remain closed for the seventh straight day and have no signs of opening soon.
In an editorial agreeing with Russian leaders anger against the EU over Cyprus, Canada’s Globe and Mail News Service further writes:
“The parliament of Cyprus was right this week to reject a proposal to confiscate money from modest-sized bank deposits. The idea was a reductio ad absurdum of the euro zone’s policy on the sovereign debt of some of its member-countries.
It would be better for the government of Cyprus to default outright on some of its obligations rather than to seize part of the savings of the proverbial widows and orphans, as well as retirees or those approaching retirement – while purporting to levy a tax. This is especially true in a country that has deposit insurance for up to €100,000, in order to protect small savers.
Until a few years ago, Cyprus – which is really the ethnically Greek section of Cyprus, the Turkish section being a de facto protectorate of Turkey – had a fiscal surplus, but its close relationship to Greece resulted in a downturn when Greece fell into a severe recession. The government’s debt in itself is still manageable, but Cypriot banks have become shaky because of their loans to Greece.”
In the face of massive popular outrage, however, Cypriot MPs spectacularly voted earlier this week against the EU plan to steal their bank depositors money, thus leaving the Euro Zone reeling, a situation that was, in fact, created by European banksters who had forced Cyprus banks to lend money to nearly bankrupt Greece in the first place.
Even worse may be what is in store for the Americans, who on 31 January lost an unlimited US government guarantee that was granted on over $1.5 trillion of their bank deposits during the 2008 financial crisis to assure skittish customers that their cash was safe.
According to Kremlin sources, though, President Obama’s sudden visit to Israel this week, the first he has made since being elected in 2008, was to personally warn top Israelis of his regimes “plan” to begin confiscating his citizen’s bank deposits too.
Interesting to note is that the Obama regimes “master plan” to steal their citizen’s wealth that is no longer protected was detailed by the global management consulting giant, and the world’s leading advisor on business strategy, The Boston Consulting Group (BCG) who in their 2011 September report titled Collateral Damage: Back to Mesopotamia? The Threat of Debt Restructuring warned of the US governments plan confiscate up to 30% of not just the Americans people bank accounts, but also of their other wealth.
The highly respected Zero Hedge financial newsletter in commenting on this dire BCG report grimly stated:
“Denial. Denial is safe. Comforting. Religiously and relentlessly abused by politicians who don’t want nor can face reality. A word synonymous with “muddle through.” Ah yes, that “muddle through” which so many C-grade economists and pundits believe is the long-term status quo for the US and the world just because it worked for Japan for the past three decades, or, said otherwise, “just because.”
Well, too bad. As the following absolutely must read report, which comes not from some trader of dubious credibility interviewed by BBC, nor even from an impassioned executive from a doomed Italian bank, but from consultancy powerhouse Boston Consulting Group confirms, the “muddle through” is dead. And now it is time to face the facts.
What facts? The facts which state that between household, corporate and government debt, the developed world has $20 trillion in debt over and above the sustainable threshold by the definition of “stable” debt to GDP of 180%.
The facts according to which all attempts to eliminate the excess debt have failed, and for now even the Fed’s relentless pursuit of inflating our way out this insurmountable debt load have been for nothing.
The facts which state that the only way to resolve the massive debt load is through a global coordinated debt restructuring (which would, among other things, push all global banks into bankruptcy) which, when all is said and done, will have to be funded by the world’s financial asset holders: the middle-and upper-class, which, if BCS is right, have a ~30% one-time tax on all their assets to look forward to as the great mean reversion finally arrives and the world is set back on a viable path.
But not before the biggest episode of “transitory” pain, misery and suffering in the history of mankind. Good luck, politicians and holders of financial assets, you will need it because after Denial comes Anger, and only long after does Acceptance finally arrive.”
To the evidence that the masses of Americans or Europeans average citizens will begin protecting themselves against this apocalyptic outcome their remains little evidence as their so-called “mainstream” media continues to cover-up this coming catastrophe. But, and as Russia has now warned, the time for protecting oneself is fast running out, and the only survivors will be those who listened.
RELATED ARTICLES
- Hungary Becomes First EU Country to Congratulate Putin for Winning the 'Elections'
- EU to use Russian assets to buy arms for Ukraine
- Europe to Begin Food Crisis War Games
- SHOCK! Hungary's PM Calls for Violence in EU capital Brussels Against EU Leaders
- Russia says to Romania what it said to Ukraine before the Invasion: "Romania is not a nation but a way of life"
Loading ...
I live in UK London and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 U.S. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Anita, that refer you to him. contact Mr. Dave Gray,via email:(apollohospital2000@gmail.com
)Thank you
Good day everyone,Am Mr Jopper Larxz by name, i am a citizen of {USA CHICAGO}, i have been looking forward for a genuine loan company for the past 3 months now,but all i got was bunch of scams who made me to trust them and at the end of the day, they duped me off my little hard earned money without giving anything in return, all my hope was lost, i got confused and frustrated,i find it very difficult to feed my family, i never wanted to have anything to do with loan companies on net again,because of what those bastards did to me,that called themselves legit loan lender, so i went to borrow some money from a friend, i told him all that happened and he said he can help me, that he knows a loan company that can help me, that his Dad just got his business loan from them,he directed me on how to apply for the loan,i did as he told me, i applied, though i never believed,but i tried and to my greatest surprise my loan was granted to me within 48hours,after my agreement to their company loan terms and condition,i could not believe my eyes,Am happy and rich again and i am thanking God that upon this scams all over the places a genuine company like this still exist, please i advise everyone out there who are in need of loan to also contact Mr Martinez Kenedy for your loan,because i know they we also did it for you,the way they did mine,and i pray that heavenly father should continue guiding and protecting Mr Martinez Kenedy for the good work well done…Please you can as well contact them via this Email…martinezkenedyloanfirm071@gmail.com,if you are also interested to abtain a loan from them,thank you all as you read my great testimony……
Mr Jopper Larxz
Russia is about to open a lot of goldmines and oilfields,the NWO did another good job with recruting slaves 4 recources.
Those Vatican bankers will get an Orthodox lesson March 31
Don’t be afraid,just a cyber attack,but heavy.
Don’t fuck with MOTHER RUSSIA is the message.
Goldman Sucks is dealing water….
Just connect the dots and have Faith,
SATAN (NWO,illuminaty,bilderbergers….) is playing another GAME here,Putin is part of it,just creating FEAR among people.
How can I believe in those so called Leaders for global PEACE.
How can I believe in Vatican bankers who manipulate the sh*t out of everything? L-)
What tripe. =))
What Russian money?? I have read most of the comments from “respected” economists analysts in the “free’ western media, & there’s only one comment said by all those “respected’ economists/analysts is that, RUSSIA is BROKE!! RUSSIA is BROKE!! :-8
respected? free western media? lol are you from a parallel universe?
one of the main ground why the western world is in ruins is because these so called “economists” the new priesthood of the banxter-moneylanders-loansharks.they are payed and bought for.
Russia wont help us out at least not with money, they arent dumb, why would they throw their wealth into a black hole that was designed to fail?
The source is whatdoesitmean.com, which means this is yet another piece of prime bullshit brought to you by Internet Hoax Queen, David Booth, aka Sorcha Faal.
La source (unique…) est foireuse: blog “évangéliste” qui s’auto-discrédite depuis 10 ans…
Russland wird uns nichts tun. Russland und Deutschland haben in der Vergangenheit oft zu beider Vorteil zusammen gearbeitet. Und Gorbatschow wollte uns Ost-Deutschland geben! Nur Kohl und Genscher haben widersprochen! Die waren schon so von den Bilderbergern geimpft, die DURFTEN nicht!
Aber zusammen können Russland und Deutschland die NWO verhindern, zumindest der erste richtige Stein im Getriebe, und nicht nur ein Sandkorn!
Russia won’ help us it’ll kill us because of the damn stupidity of europe!!!
Follow the JP Morgan toxic derivatives connections.
What if I don’t have any money in banks or in real life?!
…
Die schlimmsten Bankster sitzen in den USA !
Wenn eine Zentralbank nicht dem Staat gehört, dann ist das gelinde gesagt KRANK.
Die Bürger in den USA sollten sich mal gegen ihr System auflehnen, dann würde es vielen anderen Staaten, die nämlich von diesem System mit unterdrückt werden, auch besser gehen!
Scheinbar sind aber die Tugenden die viele Einwanderer mit in die USA gebracht haben, die deutschen Tugenden, verloren gegangen. Muss Deutschland für die ganze Welt den Anfang machen und sich aus der Umklammerung und Unterdrückung befreien, damit die anderen dann folgen können?
Angst vor Deutschland, nein den deutschen Tugenden haben, aber Deutschland den Vorreiter spielen lassen?
Dann wenigstens eine Bitte: Steht uns nicht im Weg, oder werft uns wenigstens keine Steine in den Weg!
“between household, corporate and government debt, the developed world has $20 trillion in deb”
To who?
It is strange that the speculative bank losses were to be placed on depositors rather than bank shareholders.
In the West, corporate failures normally mean loss of value of shares of stock. Taking depositors money would be similar to putting corporate losses onto their customers rather than their owners.
One would assume that the bank’s stockholders would have been surcharged 10% of their investment and called to add that much into a fund, and not the bank’s customers.
Bitcoin FTW!
This is the collapse of the western banking system, whether the money from the Cypriot depositors is taken or not.
When the banks re-open in Cyprus there will be a run on their banks and they will all fail by the end of the day. This will set off a string of toxic derivative time bombs mainly credit default swaps which can not be paid. As the European banks begin to fail the bank run will spread across Europe and then to America.
The loss of Russian deposits alone will be enough to crash the banks in England with their unlimited leverage against deposits but this will only be a drop in the bucket compared to the default of the CDSs.
And US stocks are up to near record levels today. This makes sense because the value of the stocks should go up to infinity as the value of the dollar goes to 0. :((
I think the thing to realize is that it is a feature of the current fiat monetary system to grow debt exponentially all the way into the black hole of disaster. Why? Because our current means of trade, our money, is a debt instrument, meaning that each dollar created is debt on which is owed interest. That interest is paid back with another created dollar, debt, which also requires interest payments, etc. until debt is unsustainable. And this is before government spends a dime. The solution is to bet government out of economics and allow gold and silver to become currency. Only then will gold/silver backed dollars be redeemable and then debt can be extinguished.
Just like in Cyprus the Obamacare Agents will just come into your accounts in the banks and seize whatever they deem is acceptable .
Exclusive: U.S. plans to let spy agencies scour Americans’ finances
http://www.reuters.com/article/2013/03/13/us-usa-banks-spying-idUSBRE92C12720130313
Obama’s Banks Nominee Will NOT Prosecute, Punish, or Regulate
http://www.youtube.com/watch?feature=player_embedded&v=2CMrxdCNC4Y
The bigger picture is that the debt is fictional from its inception. Money is the representation of a material worth like gold. Since most countries outside the African nations have little to no gold it begs the question, how can we be in debt to a debt created out of fictional money? Smoke and mirrors, the same old tricks repackaged for us to be herded into a mass swallowing session backed by the ever convincing propaganda media streams. Wake up people, look beyond the BS and consented economic slavery.
Bitcoin and phyzz bitchez.
BITCOIN !!!
Withdraw from bank > store in Bitcoin or precious metals
Keep control of your own finances!
Ok.It’s time to go advanced …let´s choose : Neo-liberalism VS Democracy. Disputes, many disputes…and hope people (in THIS MATTER against all past evidences in Portugal and Ireland) wilBE THE DECISION FOR ALL WE NEED . Europe is in Ciprus people hands ,
Now !
Withdrawing money en mass will only suit the purpose of those who control the banking system. There will will be a shortfall in the amount supposedly that they can lend leading to massive unemployment and reposession of assets against which people have borrowed. Those assets will then be bought for a song with the fall in value as happened from 1929 onwards. Ther needs to be a system which sets about the relinquishing of power that the few have over the present bankinging system.
Sir your are correct .As we witness the dying efforts of the Money Masters , said the De Rothschild connection and friends who tried in vain to set-up Europe as a Euro-Union failled miserably.The push in early 1990’s by father George sir. Bush to begin the invasion of Iraq which ended with his son after the (created 9-11 fiasco)in 2001 was ,of course to destablize the middle east and to gain access to petrol and as we have seen to implante (Central Banks)such as 3 weeks after the death of Omar Kadafi in Lybia .The Jewish Rothschilds and the white Anglo-Saxon-Protestants who have been plotting and controlling since the mid 17 th century nothing less than what is known today as the World has finally come to and abrupt end as the balance of the new economic power passes on to CHINA .This was the main reason and last ditch effort to amas as much wealth and power to control what remains in the western world ,Europe ,America and the mess created in the Middle east .Obama in Isreal this week pretending to mend Palestinian wounds is only a pretext to prepare the (possible invasion of Iran) pretexting another mass destruction scenario but in this case will surely be vetoed by China , Russia and many other countries .The IMF and the World Bank have lost their bid for a single world currency …The People have finally awakened and a Revolution is just around the corner…SD..
They take your money, dont pay your bills or taxes… what goes around, comes around. order seeds.
I ordered mine today.
:)) I CALLED IT!! Btw the 100 yr Anniversary of the FED comes Dec 23 2013, that cannot be good.
We lost in 1913. Lube up and prepare you anus. :((
:o the start of the end is apon us!
How ironic, Russians are our last hope now.
and thats not a joke.
In a narrow sense,but Russia never let itself be run over by international banksters like too many country,that say’s a world of difference for good and proper human living,great people also!
its not that ironic, they have come the rescue many a time through history… WWII for example. 14 million russians lost their lives in that war.
I remember an Argentine economists once saying…if you have the atom bomb, you pay your external debt if you feel like, well done Russians!!!!!!