New Policies Revealed: Wealth Redistribution Strategy

Fractional Reserve Banking system of global control

Fractional Reserve Banking system of global control

PLUTOCRATICAL REX
We are among many that have been reporting on these new policies since 2008.
However the necessity to continue to report still exists as the policies and treaties are being enforced.
As this maybe the conclusion to the Era when bankers ruled the world:
Expect Trial-runs in Africa, Europe and elsewhere before descending upon the USA. ~Ron

Billions for Bankers–Debts for the People

To summarize: forced savings “mobilization”, the introduction of a collective and involuntary CapEx funding “savings” account, the return and expansion of securitization, and finally, tying it all together, is a change to accounting rules that will make the entire inevitable catastrophe smells like roses until it all comes crashing down. –zerohedge

Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

Via: ZeroHedge

At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap [8]” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis [9]” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters’ own words [8], “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

The source of this stunner is a document seen be Reuters, which describes how the EU is looking for ways to “wean” the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment. So as Europe finally admits that the ECB has failed to unclog its broken monetary pipelines for the past five years – something we highlight every month (most recently in No Waking From Draghi’s Monetary Nightmare: Eurozone Credit Creation Tumbles To New All Time Low [10]), the commissions report finally admits that “the economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment.”

The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

Mobilize, once again, is a more palatable word than, say, confiscate.

And yet this is precisely what Europe is contemplating:

Banks have complained they are hindered from lending to the economy by post-crisis rules forcing them to hold much larger safety cushions of capital and liquidity.

The document said the “appropriateness” of the EU capital and liquidity rules for long-term financing will be reviewed over the next two years, a process likely to be scrutinized in the United States and elsewhere to head off any risk of EU banks gaining an unfair advantage.

But wait: there’s more!

Inspired by the recently introduced “no risk, guaranteed return” collectivized savings instrument in the US better known as MyRA, Europe will also complete a study by the end of this year on the feasibility of introducing an EU savings account, open to individuals whose funds could be pooled and invested in small companies.

Because when corporations refuse to invest money in Capex, who will invest? Why you, dear Europeans. Whether you like it or not.

But wait, there is still more!

Additionally, Europe is seeking to restore the primary reason why Europe’s banks are as insolvent as they are: securitizations, which the persuasive salesmen and sexy saleswomen of Goldman et al sold to idiot European bankers, who in turn invested the money or widows and orphans only to see all of it disappear.

It is also seeking to revive the securitization market, which pools loans like mortgages into bonds that banks can sell to raise funding for themselves or companies. The market was tarnished by the financial crisis when bonds linked to U.S. home loans began defaulting in 2007, sparking the broader global markets meltdown over the ensuing two years.

The document says the Commission will “take into account possible future increases in the liquidity of a number of securitization products” when it comes to finalizing a new rule on what assets banks can place in their new liquidity buffers. This signals a possible loosening of the definition of eligible assets from the bloc’s banking watchdog.

Because there is nothing quite like securitizing feta cheese-backed securities and selling it to a whole new batch of widows and orphans.

And topping it all off is a proposal to address a global change in accounting principles that will make sure that an accurate representation of any bank’s balance sheet becomes a distant memory:

More controversially, the Commission will consider whether the use of fair value or pricing assets at the going rate in a new globally agreed accounting rule “is appropriate, in particular regarding long-term investing business models”.

To summarize: forced savings “mobilization”, the introduction of a collective and involuntary CapEx funding “savings” account, the return and expansion of securitization, and finally, tying it all together, is a change to accounting rules that will make the entire inevitable catastrophe smells like roses until it all comes crashing down.

So, aside from all this, Europe is “fixed.”

The only remaining question is: why leak this now? Perhaps it’s simply because the reallocation of “cash on the savings account sidelines” in the aftermath of the Cyprus deposit confiscation, into risk assets was not foreceful enough? What better way to give it a much needed boost than to leak that everyone’s cash savings are suddenly fair game in Europe’s next great wealth redistribution strategy.

RELATED:
https://ronmamita.wordpress.com/2014/01/28/cash-deposited-in-the-bank-is-no-longer-yours/
https://ronmamita.wordpress.com/2013/04/16/human-toil-required-to-service-the-money-masters/
https://ronmamita.wordpress.com/2012/04/09/news-alert-april-2012/
https://ronmamita.wordpress.com/2013/12/08/permanent-boycotts-not-for-a-week-not-for-a-month-for-however-long-it-takes/
https://ronmamita.wordpress.com/2013/08/21/deceived-worship-a-golden-calf/
https://ronmamita.wordpress.com/2013/07/17/brazil-meets-globalization-of-poverty/
for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived.” – Revelation 18:23
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Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

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Posted in Freedom-Expressed
3 comments on “New Policies Revealed: Wealth Redistribution Strategy
  1. RonMamita says:

    Look and you shall see…

    China And Other Nations Are Now Dumping Treasuries — Episode 293

    Student loan delinquencies are at an all time high, debt for autos and housing are declining.
    NY manufacturing is declining showing signs that the economy is collapsing.
    President Obama is pushing climate change to push for more revenue and enact a carbon tax on an already broke nation.
    China and other nations are now dumping treasuries and the dumping will increase as we get closer to the economic collapse.
    The US is contemplating invading Syria to remove Assad from power.
    The President has now said that Cyber Attacks are our biggest threat and we need to create a cyber warrior team to fight these attacks.

    Like

  2. RonMamita says:

    Truth Is A Lonely Warrior – James Perloff

    Published on Jul 2, 2013

    James Perloff, author of “The Shadows of Power”, “Tornado Through A Junkyard, “The Case Against Darwin”, outlines his new E-Book “Truth Is A Lonely Warrior” on America’s Future Cable TV.

    Meldrim Thomson, Jr. Governor of New Hampshire (1973-1979) said: “If we want to avoid the disaster of one-world-government, if we wish to preserve our priceless national sovereignty and live through all time as free men, then it is imperative that the American people read The Shadows of Power.”

    Like

  3. RonMamita says:

    Lloyd Blankfein Source of Worldwide Banker Suicides?

    Published on Feb 19, 2014

    Watch the full Keiser Report: Thursday.
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the last contagion in London, where even if an investor lives 200 fricking years, he’ll never discover the vampire squid’s true nature.
    They also cover the spate of banker suicides and the wholesale merger of high finance with heavy industry.

    Like

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