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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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    bobhardee

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  bobhardee on Sun Jun 26, 2016 3:17 pm

    Carol,
    What is the relationship between the AIIB and the BRICS bank? I read where the AIIB was set up to fund environmental energy programs and did not know if this AIIB had any relationship to the BRICS bank? And are they going to call the BRICS bank just that?
    Thanks
    Bob H.
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    Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 10:31 am

    Hi Bob. 


    AIIB is the Asian Banking system whereas BRICS (Brazil, Russia, India, China, South Africa) involves more countries and also have their banking system. These different banking system were created to get out from the US's global financial control and have more control of their own countries finances. Basically the US fiat dollar's value continues to tank and create more global debt. The US had tied the US$ to the petro$ adding value and requiring global trade to use the petro$ as world's reserve currency where these other nations had to trade using petro$. These other nations got together to create a 2nd world reserve currency (China) where currency is backed by each nations actual assets were they could trade among themselves without being tied to the US petro$. China has been financially bailing different countries out and working to bring them out from the US financial control.  So both the AIIB and BRICS have been working together to take back control of their individual countries wealth. Why? The BRIC have changed their political systems to embrace global capitalism. Bilateral relations among BRICS nations have mainly been conducted on the basis of non-interference, equality, and mutual benefit. The BRICS represent 42% of the world's population.




    AIIB makes quick rise to global prominence
    http://www.chinadaily.com.cn/business/2016-06/27/content_25866089.htm?


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 10:36 am

    Why do these other countries want to get aways from the fiat US$


    Where does the fraud (which pervades and is  "the System") begin?                                                                                                     
    http://src-fla.us/index.php/understanding-the-fraud/14-sample-data-articles/108-bankers-fraud                                                                                                           "Fraud vitiates the most solemn Contracts, documents and even judgments" [U.S. vs. Throckmorton, 98 US 61, at pg. 65].


    Recap: Where Does the Fraud Begin?




     Back to:   Understanding the Fraud 
    Recap of:   Where Does the Fraud Begin?
    Note 1     Page references are the 12 page numbers received after 
                   printing the Understanding the Fraud.

    Note 2    Comments in brackets, [ ],  are by Jim Costa and are outside of the original article.  

     
    U. S. Bankruptcy
    The United States government filed bankruptcy in 1933 under Franklin Roosevelt.  (p. 3)
    The United States seized all property and gold from private citizens in 1933 as collateral for the  bankruptcy.  (p. 2)
    In exchange for the taking of property, the citizens received a promise that " all of the needs [of the people] would be met by the government".    (p. 3)
    The promise to pay all needs is referred to as a "Prepaid Treasury Account" [established for each citizen].  (p. 5)
    The government never told us how we could access and use what we were entitled to after the bankruptcy [Prepaid Treasury Account ].  (P. 4)
    [The U.S. was able to come out of the bankruptcy in 1999 but chose not to.  That decision might be because the government:  1. Would go back under common law.  2.  Lose control over the people.  3.  Reveal all of the fraud that has occurred.  4.  Create a lot of bad ill will. ]  (outside of article)
     
    Currency & Money
    Money can actually be in different forms other than what we are accustomed to thinking.  (P. 4)
    The definition of “money” according to the Uniform Commercial Code: "Money" means a medium of exchange authorized or adopted by a domestic or foreign government and includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more nations.  (P. 4)
    [In 1913 the Federal Reserve, a private corporation, began printing "Federal Reserve Notes" (debt) to eventually replace all U.S. mineral backed currency.]  (outside of article)
    There is absolutely no gold or silver backing the Federal Reserve Notes that we refer to as “money” today.   (P. 2)
    There has been no lawful money in the United States since 1933. (P. 2)
    [All of the Treasury bills were phased out and replaced by the Federal Reserve Notes]  
    Currency is "debt" as in Federal Reserve Note.  When you make a purchase with a Federal reserve Note, you are purchasing with a "Promise to pay".   (P. 3)


    How Money is Created in the U.S.
    “In the federal courts, it is well established that a national bank has no power to lend its credit to another by becoming surety, endorser, or guarantor for him.” Farmers and Miners Bank v. Bluefield Nat ‘l Bank, 11 F 2d 83, 271 U.S. 669; “A national bank has no power to lend its credit to any person or corporation.” Bowen v. Needles Nat. Bank, 94  (P. 4)
    [Banks can't create money.  Only private citizens can create money. ]
    Banks actually convert signatures into money.  (P. 4)
    You can deposit the “Federal Reserve Note” (a promise to pay) with a denomination of $10 at the bank and they will credit your account in that same amount [thus a promise to pay creates money].  (P. 3)
    [As you will soon see, your debt creates money]
     
    The Mortgage Process We Were Taught
    We are led, by all involved, to believe that we are, in fact, borrowing money from the “lender” which is then paid to the current owner of the property as compensation for them relinquishing any “claim of ownership” to the property and transferring that “claim of ownership” to us as the purchaser.  (P. 1)
    After the “closing” everyone is all smiles and you believe you have a new home and have to repay the “lender”, over a period of years, the money which you believe you have “borrowed”.  (P. 1)
    The “borrower” is led to believe that the “Mortgage Note” that he signs is a document that binds him to make repayment of “money” that the “lender” is loaning him to purchase the property he is acquiring  (P. 2)
    Why do we need a Deed of Trust? What exactly IS a Deed of Trust or other similar “Security Instrument”? It spells out all the details of the contract that you are signing at the “closing”, including such things as insurance requirements, preservation and maintenance and all of the financial details of how, when, where and why you are going to make payments to the “lender” for years and years  (P. 4)
     
    The Real Mortgage Process
    Unknown to almost everyone, there is something VERY different that happens with your “Mortgage Note” immediately after closing. (P. 3)
    Your “Mortgage Note” is endorsed and deposited in the bank as a check and becomes “MONEY”.   The document that you just gave the bank with your signature on it, that you believe is a promise to pay them for money loaned to you, has just been converted to money in THEIR ACCOUNT. You just gave the “lender” the exact dollar value of what they said they just loaned you!  (P. 3)
    You actually just paid for your own home with your promissory “Mortgage Note” that you gave the bank and the bank gave you what in return? NOTHING!  (P. 3)
    For any contract to be valid there must be consideration given by both parties. But don’t they tell you that you must now pay back the “Loan” that they have made to you?  (P. 3)


    Is there disclosure to the “borrower” to the effect that the “lender” is not really loaning any of their money to the “borrower” and therefore is taking no risk whatsoever in the transaction?   (P. 2)

     [It is not] disclosed to the “borrower” that according to FEDERAL LAW, banks are not allowed to loan credit and are also not allowed to loan their own or their depositor’s money.     (P. 2)

    Why is it that when you tender your “Note” at the closing that they don’t tell you that your home is paid for right on the spot?  (P. 3)
    We have already found out that the “Note” doesn’t go into the vault for safe keeping but instead is deposited into an account at the bank and becomes money.   (P. 5)
    Your “Mortgage Note” is then used to access your Treasury Account (that you know nothing about) and get credit in the amount of your “Mortgage Note” from your “Prepaid Treasury Account”  (P. 5)
    They then turn around and bundle the “Note” and sell it to investors on Wall Street and get paid again!  (P. 5)
    The “Deed of Trust” or similar “Security Instrument” after you have signed it. You may be quite surprised to know that not only does it not go into “safekeeping” it is immediately SOLD as an INVESTMENT SECURITY  (P. 5)
    What happens is the “Deed of Trust” or other similar “Security Instrument” is bundled and SOLD to a buyer and the BANK GETS PAID FOR THE VALUE OF THE MORTGAGE AGAIN!!  (P. 5)
    [It is fraud to photocopy obligations and securities for the intent to defraud.]  (P. 5)
    [But what they are doing is selling several "originals" of your signed documents fraudulently.]
    Could this be the reason that MERS (Mortgage Electronic Registration Systems) was formed in the 1990’s as a way to supposedly “transfer ownership of a mortgage” without having to have the “original documents” that would be required to be presented to the various county recorders? Could it be they KNEW THEY WOULDN’T HAVE THE ORIGINAL DOCUMENTS FOR RECORDING and had to devise a system to get around that requirement?  (P. 7)
    [Perhaps MERS was created to conceal the fraud.  This might explain the sudden loss of original signed documents]
    Fraud
     “Party having superior knowledge who takes advantage of another's ignorance of the law to deceive him by studied concealment or misrepresentation can be held responsible for that conduct.”  Source:  Supply, Inc. v. Abilene Nat. Bank, 726 S.W.2d 537, 1987   (P. 4)
    It is well established law that Fraud makes void any contract that arises from it. (P. 4)
    To foreclose they must have BOTH the “Mortgage Note” and “Deed of Trust” or other similar “Security Instrument” ORIGINAL DOCUMENTS in their possession at the time the foreclosure action is initiated.  (P. 5)
    They have, instead, submitted a COUNTERFEIT SECURITY to the Court as their “proof of claim” to attempt to unjustly enrich themselves through a blatantly fraudulent foreclosure action.  (P. Cool
    Could it be that this whole entire process could be “studied concealment or misrepresentation  (P. Cool
     
    Conclusion
    We don't owe the banks, the banks owe millions of dollars to each of us.
    The banker's manual contains more fu**ing positions in it than the Kama Sutra. 
    The problem is that we are were the unwitting fu**ees.
     [Currently, 140 countries have joined together to end the central banks stranglehold on us.  We are now in an unseen global war for humanity's  freedom.]


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 10:39 am

    Kremlin Says Brexit Turmoil Reminiscent of Soviet Union Collapse...
    Banks' shares crash... 
    Rush on Channel tunnel as migrants fear 'Berlin-style Wall'... 






    GLOBALISTS SPIRAL





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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 11:03 am

    ‘Brexit’ Shockwaves Slam Markets

    The aftershocks of the U.K.’s vote to leave the EU continued to ripple through financial markets, deepening
     a rout in stocks and sending the British pound to a three-decade low against the dollar. 

    • Pound Falls Further as ‘Brexit’ Shock Lingers
    • Osbourne: U.K. Has Strong Contigency Plans
    • European Bank Shares Tumble Again on Uncertainty
    • Rome Mulls Capital Injection to Support Italian Banks
    • Effect Ripples Through Emerging Markets

    http://www.wsj.com/articles/european-markets-remain-pressured-by-brexit-1467013530



    MARKETS AFTER ‘BREXIT’


    • Pound Hits Three-Decade Low
    • Dollar Shoots Higher
    • China’s Yuan Falls Sharply
    • U.K. 10-Year Gilt Yields Falls Below 1%
    • Government Bond Yields Sink as Investors Seek Safety
    • Gold Climbs on Haven Demand
    • Oil Lower in Volatile Trade
    • Bank Shares Drop
    • Rome Mulls Aid to Banks
    • Effect Ripples Through Emerging Markets


    “There are just so many moving bits…it’s a highly uncertain future,” said Mark Harris, head of multiasset at City Financial in London. ”To say that I’m stunned is an understatement,” he added.
    Bank shares led declines Monday amid concerns that the U.K.’s exit could put lenders operating in the region at risk and 


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 1:27 pm

    http://www.bbc.com/news/world/asia





    http://www.dailymail.co.uk/news/article-3661778/Russian-security-service-raids-dozens-Church-Scientology-offices-amid-probe-money-laundering-illegal-business-dealings.html




    Yuan Falls Sharply Against U.S. Dollar

    The Chinese yuan fell to its weakest level against the U.S. dollar since late 2010, after China’s central bank weakened its benchmark rate by the biggest margin since a one-off devaluation in August 2015.
    http://www.bbc.com/news/business-36638759

    US braces itself for another rocky day in the markets as Dow Jones drops more than 200 points on opening in wake of Brexit 


    It was a bleak indicator of what is expected to be another turbulent day in global markets as the world reels following Britain's vote to leave the European Union.
    [*]Dow Jones slumped more than 300 points on Monday morning
    [*]S&P down 2%, Nasdaq dropped 1.8% after trading began at 9.30am 
    [*]Sets the tone for another turbulent day after Britain voted to leave EU  
    [*]Pound dropped to 31-year low on Monday, down $1.3152 to the dollar



    http://www.dailymail.co.uk/news/article-3662272/US-braces-rocky-day-markets-Dow-Jones-drops-200-points-opening-wake-Brexit.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 1:27 pm

    The EU is bankrupt and that is why its governing structure will fundamentally change
    Posted by benjamin
    June 27, 2016
    The real reason for the ongoing trouble in the European Union, including the recent vote by the British people to leave the bloc, is that the EU is bankrupt. We know in retrospect that the bankruptcy of the Soviet Union was the real reason the Warsaw pact fell apart, with Poland acting as the first domino. For the same reason, we can predict England was the first domino in the collapse of the European Union.



    The emerging consensus view is, as Pentagon analysts put it, “Brexit may lead to Frexit (French exit), the collapse of banks, populism, nationalism and anti-globalism.” This is also likely lead to an end to Khazarian mafia sponsored Mulsim immigration.



    The situation in France has already become so chaotic that French police say they are becoming too exhausted to deal with the daily, violent demonstrations taking place throughout the country. French President Francois Hollande, who has only 11% public support, is trying to ban demonstrations but it is hard to see who will enforce his “ban.” In other words, France is headed for revolution.



    “This is the worst period I recall, there is nothing like it,” is how former Federal Reserve Board Chairman Alan Greenspan described the general situation and the market chaos that followed the Brexit vote.
    http://www.zerohedge.com/news/2016-06-24/greenspan-worst-period-i-recall-theres-nothing-it

    This may be the worst period Greenspan and his Rockefeller, Bush sponsors can recall but the Rothschilds are saying they made $2.5 trillion in one day on Friday by shorting all the stock markets and going long gold. This is their biggest bonanza since their insider trading on Waterloo. As the Rothschilds say, “the best time to make money is when blood is running on the streets.”



    Indeed blood may well start running. Even top CIA experts are publicly saying a revolution is imminent in Europe and the United States.
    http://thespiritscience.net/2016/06/26/ex-cia-spy-a-global-open-source-revolution-is-about-to-begin/



    However, if properly handled, this situation will be a good thing for the US, Europe and the rest of the world. If improperly handled, it will lead to chaos,warfare and hardship within Europe, the US and Japan and thus, to a lesser extent, in the rest of the world.



    The EU that has gone bankrupt had become even more dictatorial than the Soviet Union ever was, according to Russian President Vladimir Putin. In Putin’s own words: “The percentage of mandatory decisions made by the European Parliament is larger than that of mandatory decisions made by the High Council of the USSR concerning its member-republics.”
    http://www.informationliberation.com/?id=55071



    Sources in the gnostic illuminati and the White Dragon Society say that if things are properly handled what is eventually going to happen is the European nations will form a larger, looser, freer union that will include Russia. In this scenario Britain will be a neutral country linked to Europe by free trade, somewhat like Switzerland, they say.



    The bankruptcy of the EU was triggered by the bankruptcy of Deutschebank, the largest bank in Europe, according to members of the Rothschild banking dynasty. Deutschebank is now under Chinese control, they say. If the Chinese had not stepped in to save Deutschebank, its collapse would have triggered a domino effect that would have taken down the entire European and then Western banking systems, multiple sources agree.



    There was also a secret dimension to this bankruptcy that can be traced to military activity in the Pacific Ocean. A massive joint Chinese and American fleet was engaged in “maneuvers” last week off the shores of the Philippines.
    http://www.mirror.co.uk/news/world-news/chinese-warships-join-forces-massive-8255107



    You can also confirm on the Pentagon official homepage that massive joint exercises involving naval forces from 27 nations, including China and the US, start near Hawaii on June 30th.
    http://www.defense.gov/News-Article-View/Article/799099/rim-of-the-pacific-exercise-2016-begins-june-30



    The real aim of last week’s maneuvers, according to WDS sources, was to cut off gold smuggling by submarines out of the Khazarian mafia submarine base in Nabire, Indonesia. The result of this maneuver is that the Freeport McMoRan gold mine located near the submarine base has suddenly been put up for sale for the price of $20 billion, according to CIA sources based in Indonesia. Members of the board of directors of Freeport McMorRan have included such characters as Henry Kissinger and Godfrey Stillman Rockefeller.
    https://en.wikipedia.org/wiki/Freeport-McMoRan



    The CIA sources say the Freeport McMoRan mine is being offered to the Chinese via a front company out of Australia. This is how Indonesia hopes to pay off $20-30 billion that was advanced to it by the Chinese last year, they say. However, they add, “The US side knows that they are selling a virtually empty hole.”



    Meanwhile the previous owners of Freeport “will move to another mountain which is within 5-7 miles from the Grasberg mine, which is Freeport’s current mining area. Someone is getting the shaft in this deal… No pun intended.” The source said he thought the massive joint naval exercise was “just a cover.”



    The Chinese need to remember that “Kissinger has been a 50% owner of Freeport since the reign of Suharto, when he was given the shares in exchange for other services and profitable joint ventures between Suharto and the Kissinger Boys…..ie; the Cabal [Khazarian mafia].”
    The source adds one reason the mine was given to Kissinger, the Rockefellers etc. was as payment for allowing Indonesian President Suharto to invade and annex East Timor in 1975.



    Since it is a good bet the mine has been cleaned out of most its gold, what this really means is that the Khazarian mafia no longer has enough gold to finance EU and US trade deficits with Asia and the rest of the world. The Asians do not accept empty promises printed on paper and, as the Asian bar girls say “No money (gold), no honey.”



    Rothschild family sources say there is now serious infighting at the top levels of the Khazarian mafia over what to do next. They say family meetings are going on and they have asked the WDS and its allies to wait until July. They have been given a deadline of July 10th after which the Khazarian mafia will lose any chance of participating in setting up a new, fairer and more earth friendly financial system. They will also be subject to a total and absolute boycott that will inevitably drive them into bankruptcy and obscurity.



    Pentagon intelligence is confirming that the faction of the Khazarian mafia once headed by George Bush Sr. has split with former Bush top mobsters Donald Rumsfeld and Dick Cheney seeking protection from Donald Trump while Brent Scowcroft, Hank Paulson and Richard Armitage are seeking protection from Hillary Clinton.



    However, neither of these candidates is likely to be in a position to protect these criminals for very long. Sources close to Trump say he might go along with Cheney and Rumsfeld for now but only as a temporary measure.



    Sources in the FBI, meanwhile are saying that, if necessary, they will take down Barack Obama and Attorney General Loretta Lynch in order to get to Hillary Clinton.



    The Pentagon sources also say the “Jewish Mafia” (=Khazarian Mafia) “are in panic mode on both sides of Atlantic after their Orlando false flag failed as Senate blocks four gun control measures on June 20th, the Senate denied FBI access to web browsing/e-mails without a warrant on June 22nd, and the Supreme Court killed Obama’s immigration plan.”



    Clearly a lot of countries are waking up to the fact there has been a change at the top of the world power structure. One indication, for example, is that Israel, Egypt and Syria have applied to join the Shanghai Cooperation Organization. That means Israel is applying to join a military alliance that its one time “arch-enemy” Iran is also joining. It is also an organization that is theoretically opposed to their long term supposed allies and protectors the US and NATO.
    http://www.fort-russ.com/2016/06/syria-egypt-israel-apply-to-join-sco.html



    Poland and other countries in Eastern Europe have also shown they understand things are different now because they have agreed to join China’s new “Belt and Road Initiative,” meaning the building of major transportation links heading east through Russia to China.
    http://news.xinhuanet.com/english/2016-06/21/c_135454841.htm



    Building links east makes sense for Poland because they can see the EU is losing control. CIA sources in Europe say the European Central Bank has been issuing large of amounts of forged Euros, meaning they have no real collateral to back them.



    Pentagon sources agree, saying the “Euro may be replaced by national currencies as yuan is gold-backed and new US dollars have been printed waiting for public announcement of a global currency resent and the release of hundreds of trillions in stolen funds.”



    This global currency reset, though, is not going to include such things as Zimbabwe dollars fraudulently sold to suckers by members of the Bush/Clinton mafia. However, allowance may be made to members of the US military who invested in Iraqi Dinar, but not if doing so benefits the Bush/Clinton mafia, WDS sources say.



    In closing, the Japanese underground has also gotten the message and serious preparations are being made for regime change here. Even Bank of Japan Governor Haruhiko Kuroda has admitted that “Abenomics” has failed and that Japan needs to take a new tack. Rothchild family sources asked what was going to happen to their Japan handler Michael Greenberg and were told “he is going to go to jail.” Richard Armitage can go face his ghosts in the US, while Kenneth Courtis will probably be left alone. 


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 1:46 pm

    From Bloomberg
     
    Greenspan Calls Brexit a ‘Terrible Outcome’

    June 27, 2016 — 11:18 AM EDT

    Former Fed chair has no sympathy for view U.K. better alone
    Scotland, N. Ireland may now choose independence from Britain
     
    U.K. policy makers miscalculated and made a “terrible mistake” in holding a referendum on whether to quit the European Union, in which voters opted to leave the bloc, former Federal Reserve Chairman Alan Greenspan said.

    That decision led to a “terrible outcome in all respects,” Greenspan, 90, said in an interview with Bloomberg Surveillance on Monday in Washington. “It didn’t have to happen.”

    The U.K. stunned the world last week after voting to leave the EU after more than four decades, a move that sent financial markets into turmoil. The pound on Monday extended its drop to touch the lowest against the dollar since 1985, while central bankers around the world have pledged to support liquidity.
     
    It’s now likely that Scotland, whose majority of voters wanted to stay in the EU, will have another referendum on its own independence, Greenspan said. He predicted such a vote would be successful, and Northern Ireland would “probably” go the same way.

    Greenspan said he did not have sympathy for the idea that the U.K. would be better off outside the EU, despite the problems the bloc faces in a structure where countries with different economies and cultures share the same currency.

    “The EU is fundamentally a very good idea,” Greenspan said. “It’s a free trade-zone structure, which we need an awful lot of, so that the choice of Britain to stay in the EU and yet out of the euro zone was, I thought, the most sensible action that could be taken.”

    The U.K.’s decision to exit is a sign that the EU and euro zone need readjustment away from a model where northern nations are supporting those in the south, Greenspan said.
     
    The euro zone is the truly “vulnerable institution,” Greenspan said, primarily due to Greece’s inclusion in its structure. “Get Greece out. They’re a toxic liability sitting in the middle of a very important economic zone.”


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 1:49 pm

    It's official--Brexit's 'Black Friday' selloff was the worst ever at $2 trillion
    http://www.cnbc.com/id/103744863

    http://www.cnbc.com/id/103745919


    Dow futures shed 100 points as Street looks set for another rocky session
    http://www.cnbc.com/id/103745876

    Look at the numbers for Dow.who are the kidding. How about 700 pts

    Gold is going to $1,450, and these charts prove it: Technical analyst 
    http://www.cnbc.com/id/103724813

    Beams: Will Brexit trigger a currency intervention.   
    http://www.bloomberg.com/news/videos/2016-06-26/will-brexit-trigger-currency-intervention
     
    Beams:  Barclays and RBS shares suspended from trading after tanking more than 8%
    Barclays was down 10.3 per cent and RBS was down 15 per cent on Monday, triggering automatic circuit breakers

     http://www.independent.co.uk/news/business/news/barclays-rbs-halts-tra ​ding-eu-referendum-brexit-ftse-100-stock-market-a7105196.html


    Brexit another Jewish dialectic?
    https://fitzinfo.wordpress.com/2016/06/25/brexit-another-zionist-dialectic/


    Brics eyes a new rating firm to rival big three
    http://www.fin24.com/Economy/brics-eyes-a-new-rating-firm-to-rival-big-three-20160627?isapp=true


    World Investment Report 2016 
    http://unctad.org/en/pages/PublicationWebflyer.aspx?publicationid=1555


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 2:22 pm

    Zerohedge.com headlines today:


    President Of The European Parliament: "It Is Not The EU Philosophy That The Crowd Can Decide Its Fate"





    "The British have violated the rules. It is not the EU philosophy that the crowd can decide its fate".



    Earthquakes Cause Giant Natural Gas Field To Cut Production By 44%





    Europe just lost a big chunk of production from one of its most critical natural gas fields, and not for any of the usual reasons - technical problems, pipeline constraints, or terrorist disruptions. These cuts are due to earthquakes.



    Monday Humor: WTI WTF NYMEX Ramp Edition





    Presented with little comment aside to ask, where is the SEC, CFTC?


    Just 3 Charts





    What happens next?



    10 Ways The UK Could Leave The EU





    Stalemate between Britain and the European Union over what happens next following Britons' referendum vote to leave has opened up a host of possible scenarios. Here are some that are (in some cases, barely) conceivable...



    These "Brexit" Market Moves Were Bigger Than Anything Seen In 2008... And What Comes Next







    S&P Downgrades UK From AAA To AA Due To Brexit: Full Text





    "Brexit could also, over time, diminish sterling's role as a global reserve  currency."



    Greece To "Name & Shame" Debtors Owing Over EUR300k To The State





    Greece’s Finance Ministry is determined to collect what belongs to the state and as KeepTalkingGreece reports, since repayment settlements and other forms of arrangements have apparently failed in pushing debtors to put their hands in their pockets, the ministry will call in the internet cavalry: it will name & shame on the web the names of those debtors owing more than 300,000 euro to tax office or to social security and pension funds.



    European Banks Crash To Worst 2-Day Loss Ever As Default Risk Soars





    So much for George "Panic-Monger" Osborne's calming statement this morning...



    US Stocks Erase All Post-QE3 Gains, Tumble To Fed Balance Sheet 'Reality' Once More





    For the first time since early March, The Dow dropped back near 17,000 earlier (down over 1000 points from the pre-Brexit peak) with a modest bounce off the EU close lows. However, this plunge across risk assets has erased all post-QE3 gains with Trannies down 20% since Oct 2014. Having been almost 200 points 'rich' to the Fed balance sheet, it appears reality is setting in once again and risk is mean-reverting.


    These Three Survey Responses Explain Everything That Is Wrong With The US Economy





    "The economy is nervous, shaky and uncertain. Fed policy has us locked into a lethargic and tenuous position. It appears the Fed doesn’t know how to get off the horse it created. The Fed talks interest rate increases but looks for every reason not to do it. Until the Fed backs out of trying to manage the economy, we will be stuck on the cusp of slow growth and a recession."


    Deutsche Bank: "There's No Escaping The Fact That This Is A Class War"





    "There's no escaping the fact that this is a class war. Whether its globalisation, immigration, inequality, poor economic growth or a combination of all of them it's quite clear from this and other anti-establishment movements that the status quo can't last in a democracy. Eventually you'll have a reaction. This is one such major reaction and given that the UK growth rate has been ok of late, it would be strange if pressure didn't continue to build elsewhere where growth has been lower for longer."



    Did The Market's "Wile E. Coyote Moment" Begin?





    "The unlimited ability of CBs to “prop up” financial assets has been shattered around the globe as Kuroda and Draghi are unable to protect asset markets (Carney as well apparently), but in the US, faith in Yellen remains high.  Perhaps I’m old fashioned, but I believe that this too shall pass."



    "This Is A Recession" - Dallas Fed Workweek Hits 7-Year Low





    The Dallas Fed Business Outlook has now been in contraction for 18 straight months. The underlying components are mixed but the average workweek has collapsed back to its lowest since Nov 2009. As one respondent noted, "This is a recession... Fed policy has us locked into a lethargic and tenuous position... We cannot have millions of people out of the workforce and be healthy economically - they are a burden not a benefit."



    BofA Predicts Record Low Bond Yields In Q3, Hopes Central Banks "Deploy Additional Easing"





    5Y yield: 0.85% (3Q), 1.00% (4Q)
    10Y yield: 1.25% (3Q), 1.50% (4Q)
    30Y yield: 2.00% (3Q), 2.25% (4Q)



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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 2:26 pm

    H L Quist - The Myth Buster
    http://theaftermathofgreed-updates.blogspot.com/


    The current financial crisis has been a wake-up-call for Americans. We've discovered that myths, lies, ethical lapses, incompetence, corruption and greed have been rewarded and not punished. Rather than focus on what has happened I want to educate and motivate Americans on how they can restore some of the $11 trillion of wealth that has evaporated in the past two years. I believe that there's a window of opportunity to capitalize on a coming inflationary boom before the next crash. PROFIT from my 50 years experience!


    Britain Declares Independence From The New World Order! - 2016-06-26 15:50:13-04


    US BANKS FACED WITH IMMINENT CASH CRISIS




    DESCRIPTION:


    Our FEATURE today covers two inter-related topics. One, the BREXIT vote approving Britain's exit from the European Union and two, the high probability that US banks are faced with a cash crisis and wouldn't be able to meet a surge in customer's ATM demands. We suggest 3 things that you can do now in event this becomes a reality. The Review & Outlook section of the Wall St Journal dated Saturday June 25th gave one reason for the "Brit's" exit from the EU which" has become since the late 1980s-an innovation-killing superstate obsessed with regulatory harmonization, tax hikes, green energy dogma and anti-competitive antitrust enforcement". The exit succeeded despite threats and intimidation from the Globalist "Powers to Be" including President Obama's "nasty taunt" that Britain "would go to the end of the queue". 


    Other topics include: Wall Street's misreading of the exit, the surge in Gold, inflation signals, the Chinese Patent push, Operation Summer of Chaos, Piling on POTUS and the coming USEXIT.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 2:29 pm


    Gerald Celente Special Brexit Episode

    Monday, June 27, 2016 7:43
    Gerald Celente discribes the elements that drove the people in the UK to leave the EU. People are tired of being globalized.
    This is the event that will kick off the panic of 2016 as Gerald predicted in the Trends Journal in January.
    The failure to create jobs since 2009 has only added to the peoples anxiety about having their countries globalized. Globalization means no borders, resources from one country being moved to other countries, this is only beneficial to those who control the corporations who control these commodities.


    Take America for instance. America has more natural resources including food and water, than any other country in the world. Once globalization hits, those resources will go to China, and other countries with no benefit to the American people.


    Globalization will also bring in a global police force to moderate political resistors. This is what is coming people. The BREXIT vote is the trigger point that will bring the economies around the world to their knees. 


    The Panic of 2016 is upon us.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jun 27, 2016 9:28 pm

    China must do more to transition to consumer economy -U.S.'s Lew
    http://www.cnbc.com/2016/06/27/reuters-america-china-must-do-more-to-transition-to-consumer-economy-uss-lew.html


     China has ample short-term fiscal capacity, but it must use that to push the transition to a consumer economy and away from older industries in order to put more money in the hands of consumers and boost spending, U.S. Treasury Secretary Jack Lew said on Monday.


    "They need to change much about the organization of their economy in terms of services versus industrial capacity," Lew said, speaking at a conference in Washington.






    Greenspan Warns Crisis Imminent - Urges Gold Standard
    But speaking of crises, Greenspan warned that fundamentally it is not so much an issue of immigration, or even economics, but unsustainable welfare spending, or as Greenspan puts it, "entitlements." 


    http://www.zerohedge.com/news/2016-06-27/greenspan-warns-crisis-imminent-he-urges-return-gold-standard


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Jun 28, 2016 10:51 am

    BRICS, MARITIME SILK ROAD, NEW SILK ROAD


    BRICS FORCING GLOBAL ECONOMIC RESET WHILE KHAZARIANS SCRAMBLE FOR CRUMBS


    JUNE 28, 2016 ECLINIK LEARNING 2 COMMENTS


    The image seen here is a container exchange terminal sitting on desert sands, a symbol of things to come that is not covered extensively by the mainstream media.

    “Here at the border with China we have what we call in logistics an event,” Gheysen explained. “The event is the change of rail gauge. So whatever you do the train will stop here. So Nazarbayev said, ‘Okay, fine, we have something here, we have an event, so we will create something around that event,’ and this is the result, and it’s magic.”


    The Khazarians are notorious for assuming great financial control without really creating real, tangible wealth. They rise up by brining countries down. They dictate what their subjects think, and do all year round. They dominate rather than rally all peoples together in the spirit of mutual cooperation and collective progress.


    They make money with the suffering of others. They are reported to have made at least $2 trillion by betting against EU during the last Brexit Referendum.


    These are mere crumbs when compared to what the BRICS are working on, because the Cabal’s ownership of the gold mines located here in Asia, that they were investing early on, exist only on paper. They could not relocate these gold mines, obviously, so they must go to war in order to force their will on sovereign countries.


    That persistently regressive behavior is now decisively being challenged by a growing number of countries joining in the more progressive economic program spanning all continents except the United States and Canada which refused to join the Asian Infrastructure Investment Bank, one bank of three that are financing the revival of the ancient Silk Road.




    • ‘Capitalizing on the New Global Economic Reality’ | 20th International Economic Forum

    • The Unstoppable Breakneck-speed Expansion of the Great Eurasian Corridor




    This decisive attempt to change the global trajectory away from endless wars and hunger in favor for a global massive development has already gone from the drawing board into the transformation of even the barren desert lands of Central Asia as new economic zones, railway terminals and point of exchanges for goods and cultures.


    Watch this short video and be amazed of where the world is heading.


    More: https://geopolitics.co/2016/06/28/brics-forcing-global-economic-reset-while-khazarians-scramble-for-crumbs/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Jun 28, 2016 11:38 am

    Gold is sending a dark sign that 'almost everything has changed' in the market

    Investors need to be paying attention to the move in gold and the US dollar, Raoul Pal and Grant Williams, cofounders of Real Vision Television, both said.


        Gold and the US dollar are no longer behaving normally and it's crucial that investors pay attention to this move, Raoul Pal and Grant Williams said during a discussion about the Brexit on Real Vision Television—a subscription financial news service they cofounded.


    Gold is widely considered a hedge against the US dollar. When the dollar falls in value, gold prices often rise. However, this relationship has been breaking down.


        Pal, a former macro fund manager and author of the research letter “The Global Macro Investor,” recently said that a dollar rally along with a gold rally is “a sure sign that almost everything has changed.”
    Williams, the author the research letter “Things That Make You Go Hmmm,” agreed that it’s a “sign that there’s some move toward an end game of sorts.”


        Following the stunning Brexit vote last week, investors simultaneously piled into gold and the US dollar, which are both considered safe-haven assets in the international financial markets. Both gold and the dollar have rallied.


    For gold and the dollar to move in the same direction is not normal. It’s actually a sign of uncertainty or financial stress.


    “It doesn’t happen often, but when it does it’s a sure sign people are nervous—saw it in 2008, saw it in the 30s. It’s a sign we are at a point of critical stress,” Williams told Yahoo Finance in a phone interview.

    http://finance.yahoo.com/news/why-investors-should-pay-attention-to-move-in-gold-and-the-us-dollar-224446216.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  orthodoxymoron on Tue Jun 28, 2016 12:17 pm

    What if the International (and Interplanetary??) Financial-Markets (in all of their forms)
    are a Big-Rigged Casino and/or a Galactic Sting-Operation?? Just Wondering.




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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Jun 28, 2016 5:17 pm

    https://www.youtube.com/watch?v=37iHSwA1SwE&feature=youtu.be


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Jun 28, 2016 5:18 pm

    Given the uncertainty, investors now will focus on:
    • Currencies, commodity prices and stock valuations. These three factors will be key for coming up with a game plan, says Michael Thompson, chairman of S&P Investment Advisory Services, in a note to clients. The British pound has been one of the more definitive measures of the new risks. The pound suffered a one-day drop Friday of more than 11% to $1.32, its lowest level since 1985, says Bloomberg News. Meanwhile, gold, a preferred safe haven for investors, Friday jumped more than 8%. U.S. stocks had been getting a lofty valuation ahead of the Brexit vote with the S&P 500 trading for 21.4 times its trailing earnings, higher than the 19 long-term average P-E. After the market's sell-off, the P-E fell to 20.7.
    MORE http://www.wfaa.com/news/nation-now/brexit-puts-investors-on-high-alert-this-week/257128929





    Asia opens down 1-2% 
    http://money.cnn.com/data/world_markets/asia/





    ISX will be closed from 7/5 to 7/9....opening back up on 7/10....Sunday....CBI will be resuming on Sunday as well






     BREXIT BODY COUNT -- Bill Holter **https://youtu.be/LrGKK32sSRk


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  bobhardee on Tue Jun 28, 2016 7:21 pm

    Hey Oxy,
    Good Humor man. Keep it up.
    What if the International (and Interplanetary??) Financial-Markets (in all of their forms)
    are a Big-Rigged Casino and/or a Galactic Sting-Operation.



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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jun 29, 2016 10:17 am

    Germany Just Blew Up Italy's Bank Bailout Plan
    Germany opposes any attempt to shield private bank investors from losses if Italy pushes ahead with plans to recapitalize lenders. Merkel’s government says that European Union rules on handling struggling banks should apply in any rescue effort, including forcing losses on shareholders and some creditors before public money can be injected. The government in Berlin rejects the argument that the U.K. vote to leave the EU constitutes an “exceptional circumstance.”

    http://www.zerohedge.com/news/2016-06-29/germany-just-blew-italys-bank-bailout-plan




    'Elites' Called To Arms: "It's Time To Rise Up Against The Ignorant Masses"
    "The Brexit has laid bare the political schism of our time. It’s not about the left vs. the right; it’s about the sane vs. the mindlessly angry..."

    The Brexit has laid bare the political schism of our time. It’s not about the left vs. the right; it’s about the sane vs. the mindlessly angry...

    Authored by James Traub, originally posted at ForeignPolicy.com,

    I was born in 1954, and until now I would have said that the late 1960s was the greatest period of political convulsion I have lived through. Yet for all that the Vietnam War and the civil rights struggle changed American culture and reshaped political parties, in retrospect those wild storms look like the normal oscillations of a relatively stable political system. The present moment is different. Today’s citizen revolt — in the United States, Britain, and Europe — may upend politics as nothing else has in my lifetime.



    SNIP
    The issue, at bottom, is globalization. Brexit, Trump, the National Front, and so on show that political elites have misjudged the depth of the anger at global forces and thus the demand that someone, somehow, restore the status quo ante. It may seem strange that the reaction has come today rather than immediately after the economic crisis of 2008, but the ebbing of the crisis has led to a new sense of stagnation. With prospects of flat growth in Europe and minimal income growth in the United States, voters are rebelling against their dismal long-term prospects. And globalization means culture as well as economics: Older people whose familiar world is vanishing beneath a welter of foreign tongues and multicultural celebrations are waving their fists at cosmopolitan elites. I was recently in Poland, where a far-right party appealing to nationalism and tradition has gained power despite years of undeniable prosperity under a centrist regime. Supporters use the same words again and again to explain their vote: “values and tradition.” They voted for Polishness against the modernity of Western Europe.

    Perhaps politics will realign itself around the axis of globalization, with the fist-shakers on one side and the pragmatists on the other. The nationalists would win the loyalty of working-class and middle-class whites who see themselves as the defenders of sovereignty. The reformed center would include the beneficiaries of globalization and the poor and non-white and marginal citizens who recognize that the celebration of national identity excludes them.

    http://www.zerohedge.com/news/2016-06-29/elites-called-arms-its-time-rise-against-ignorant-masses


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jun 29, 2016 10:20 am

    What's Driving This Ramp? The Biggest Short Squeeze In 5 Years

    "Most Shorted" stocks are up a stunning 4.3% today. This is the biggest single-day squeeze since 2011 with an almost 8% spike off Monday's lows..


    Scotland Is About To Have Its Own Currency And Much More: How JPM Sees Brexit Playing Out

    "Intersecting the UK's EU exit process is likely to be pressure to hold a new referendum on Scottish independence, which we expect will ultimately generate a vote shortly before the UK leaves the EU in 2019. Our base case is that Scotland will vote for independence and institute a new currency at that point." - JPMorgan


    Oil Jumps Above $49 As Crude Production Tumbles, Inventories Drop


    Following last night's across the board inventrory drawdown from API, DOE data was more mixed with a surpsingly large build in gasoline stocks but bigger than expected Distillates and total crude inventory drawdowns. Production tumbled 0.63% MoM, the biggest drop in 2 months and back to Sept 2014 lows. Crude prices spiked above $49 for the firest time since Brexit.


    Stocks Recover Half Brexit Losses... But Bonds Ain't Buying It

    Dow futures are now 500 points off the post-Brexit lows, having retraced half the losses...despite the worst home sales in 6 years. Just one small problem, Treasury yields are plumbing new post-Brexit lows...


    Pending Home Sales Crash Most In 6 Years - 'Supply' Blamed
    Following April's exuberant 6 year high bounce (revised lower from +5.1% to +3.9%), May saw pending home sales plunge 3.7% - the biggest drop since May 2010. Sales declined in all 4 regions (with a 4.2% plunge in Midwest to January lows). This is the first annual drop in home sales in 2 years (-0.2%) and realtors are blaming 'supply' on the slump... sure (and all that pent up demand).


    Articles at: http://www.zerohedge.com


    Last edited by Carol on Wed Jun 29, 2016 1:19 pm; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jun 29, 2016 1:17 pm

    ECB Blows €400bn on “Brexit Black Friday” Bank Bailouts
    Dealing with a Financial Crisis under cover of Brexit Chaos

    Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually dispersed $432 billion. I bring this up because the ECB bailed out the European banks with more than TARP, in just one day: on Brexit Black Friday.

    The ECB saw what was happening to the shares of the largest banks on that propitious day. It saw a blooming financial crisis:

    Top UK Banks:

    HSBC, the apparent winner in this fiasco, perhaps because of its exposure to Asia, -1.4%
    Barclays: -17.7%
    Royal Bank of Scotland: -18.0%
    Lloyds Banking Group: -21.0%
    Top German Banks:

    Deutsche Bank: -15.9% to €13.25, down 59% from April last year, possibly on the way to zero.
    Commerzbank: -13.6%, to €6.20. The German government still owns nearly 16% of it as a result of the bailout during the Financial Crisis.
    The third-largest German bank, KfW, is a state-owned institution, so taxpayers are automatically on the hook.
    Top French banks:

    BNP Paribas: -17.4%
    Credit Agricole: -14% (down 43% since last July).
    Societe Generale: -20.6%. It apparently needs to find another low-level “rogue trader” to blame.
    The fiasco that happened to the Spanish and Italian banks was so enormous that it sent stock markets into their largest one-day plunges on record, of over 12% [ Brexit Blowback Hits Italian and Spanish Banks].

    The Stoxx 600 banking index, which covers the largest European banks, plunged 14.5% on Friday. It’s down 29.3% year-to-date, 42% from its 52-week high, and 76% from its all-time high in May 2007 before the Financial Crisis and the euro debt crisis knocked the hot air out of the banks.

    But to keep panic at bay, Brexit and the resulting political crisis are used to cover up the blooming financial crisis.

    And what a political crisis it is, not just for the UK, but for the EU. No one knows how this will end up. Businesses need certainty. They need to know what money they’re going to use next year, and what the trade and legal frameworks will be. They like to take those things for granted. But now, in the EU, no one can take anything for granted anymore.



    Companies with cross-border operations – this includes all major banks and brokerages – have gigantic headaches, and the UK’s 2.2 million financial-sector employees are fidgeting on the edge of their chairs. It might take a couple of years for the UK to actually exit the EU, if it even happens at all, so there’s a little breathing room.

    But where there’s apparently no longer any breathing room is with banks, and the ECB went into panic mode.



    More at: http://wolfstreet.com/2016/06/26/ecb-spends-400-billion-on-brexit-black-friday-bank-bailout/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jun 30, 2016 8:27 am

    Cramer: China's sudden amazing strength, hidden by Brexit 
    China's strength has manifested via a 2.7 percent rally in the Shanghai composite and multiple positive days for the Baltic Freight index. This suggested to Cramer that China is importing raw goods. The rally in oil and rebound in copper also indicated that China has increased demand.
    http://finance.yahoo.com/news/cramer-chinas-sudden-amazing-strength-230639663.html#




    New Docs Show that IRS's Lois Lerner Broke the Law
        Federal law prohibits the IRS from sharing tax returns filed with the agency, with very limited exceptions. “The IRS has a special obligation to keep information confidential, that’s how our tax system works,” says Eileen O’Connor, who served as assistant attorney general for the tax division of the DOJ in the George W. Bush administration.


        Documents suggest that Lerner’s massive document transfer to the DOJ didn’t meet any of those exceptions, including one that allows the agency to disclose returns for use in criminal investigations — if they’ve been requested in relation to “an actual investigation about a person to whom the investigation is related,” says O’Connor. Both Lerner and the DOJ were interested in figuring out how to prosecute non-profit groups they believed were engaging in improper political activity, and Lerner sent the documents over to the department days before an October 8 meeting with several of her IRS colleagues, an FBI agent, and attorneys from the DOJ’s public-integrity section. There they discussed their mounting “concern that certain 501(c) organizations are actually political committees ‘posing’ as if they are not subject to FEC law, and therefore may be subject to criminal liability,” according to a DOJ summary of the meeting.
    https://pjmedia.com/trending/2016/06/29/new-docs-show-that-irss-lois-lerner-broke-the-law/




    ‘Bail-in’: They plan to steal your personal bank deposits and pensions!
    SNIP
    The rationale for bail-in goes like this. When a bank fails because its assets (such as mortgage loans) are not enough to cover its liabilities, rather than its being declared bankrupt or bailed out with taxpayer money, the bank will be kept open for business by the intervention of a government-appointed bail-in authority, which takes over the bank and acts to reduce its liabilities. The authority will write down (cancel) some of the value of the bank’s debt. Creditors, such as holders of the bank’s bonds, may have those bonds converted into equity (shares) in the bank. Not only bondholders, but also depositors are classified as “unsecured creditors”. Thus, to reduce the bank’s liabilities the bail-in authority can vaporise the savings of its customers and assets of its bondholders, compensating them with worthless shares in the “resolved” institution.[2]

    On 1 January 2016 new bail-in regulations with the force of law took effect throughout the European Union. The EU’s Bank Recovery and Resolution Directive (BRRD) allows TBTF banks to seize personal bank deposits. The UK, whose Bank of England (BoE) was the BRRD’s principal author, had put the new law fully into effect already on 1 January 2015.[3]

    More at: http://cecaust.com.au/releases/2016_03_22_Bail_In_PR.html


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    With deepest respect ~ Aloha & Mahalo, Carol
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    Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jul 04, 2016 3:56 pm

    I was wondering when this shoe was going to drop.




    Bear Stearns 2.0? UK's Largest Property Fund Halts Redemptions, Fears "Vicious Circle"




    In the summer of 2007, two inconsequential Bear Stearns property-related funds were gated and then liquidated, exposing the reality of the US housing bubble and catalyzing the collapse of the financial system. Fast forward eight years later when the UK's Standard Life has been forced to stop retail investors selling out of one of the UK’s largest property funds for at least 28 days after rapid cash outflows, due to fears over falling real estate values"the risk is this creates a vicious circle, and prompts more investors to dump property."




    http://www.zerohedge.com/news/2016-07-04/bear-stearns-20-uks-largest-property-fund-halts-redemptions-fears-vicious-circle


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Jul 05, 2016 12:12 am

    https://www.youtube.com/watch?v=LyePCRkq620
    World Economy Collapse explained in 3 minutes


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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