Former ECB board member calls World Financial System ‘Pure Fiction’

Sword of TRUTH

Sword of TRUTH

Thank GATA for pointing to this report, after reading the speech, we can think of it as actually a confession from a former ECB executive (Board member) insider within the ponzi scheme. Another confirmed conspiracy. Have you taken your assets out of the bank? ~Ron

Dear Friend of GATA and Gold:

Former Bundesbank vice president and former European Central Bank board member Jurgen Stark told a conference held by the Ludwig von Mises Institute in Munich this month that the entire world financial system is “pure fiction” and vulnerable to collapse, built on the premise of infinite money created by central banks without regard to the goods and services available.

An account of Start’s remarks is provided by the Spanish financial news Internet site Oro Y Finanzes and it’s easily understood when opened by a Google Chrome browser and run through Google Translator:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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
8 comments on “Former ECB board member calls World Financial System ‘Pure Fiction’
  1. RonMamita says:

    funny-money paper and plastic

    Vietnam central bank admits intervening in gold market to support its currency

    From Tuoi Tre newspaper Ho Chi Minh City, Vietnam Monday, May 26, 2014

    The State Bank of Vietnam has enough gold bullion that can be sold on a large scale to intervene in the local gold market to ensure its stability, said a senior official of the Vietnam’s central bank.

    If there are more fluctuations in the gold market, the central bank will jump in to stabilize it, said SBV Deputy Governor Dao Minh Tu in a press release on Sunday afternoon.

    Though the gold prices in domestic market have fluctuated over the past few days, through monitoring and analyzing market information, the bank has not found any evidence that those changes in price may have been caused by the fluctuations in the world market or the gold supply and demand in the market, Tu said.

    Audit Gold

    Austria plans to audit its gold at Bank of England

    May 26, 2014
    Quoting the Austrian financial magazine Trend, the German financial news Internet site Goldreporter says Austria’s government accountability office plans to send a delegation to the Bank of England in London to audit the estimated 150 tonnes of gold vaulted by Austria there:


  2. Leslie Kay says:

    Hi Ron Hi Mamita: Question: where is the best place, safest place that you know to move cash in the bank to? Credit Union? Just take it out and bring it home? Am a bit confused about once I take it out, where I need to move it to. Thank you for your help, Leslie


    • RonMamita says:

      Depends on your life objectives and where you live…
      We do not give financial or investment advice so we can only have a public discussion about emergency preparedness.
      We have put our deposits (for paying living expenses) in a credit union. What was our savings we have put elsewhere…
      Institutions can confiscate all assets in banks and credit unions during “State of Emergency” or for any reason at any time.
      See: The New Rules Have Gone Into Effect.

      Some options are precious metals (pure silver bullion coins for example), community farms, home food gardens, solar/wind power home-generator, hobby/crafts/skills/training/tools; what I am pointing to are skills, services, emergency supplies and products at the personal or local level to assist in emergencies or life changing events. Objective: become self-sufficient.
      Relying on institutions for anything puts your life and survival at risk.
      Growing skills, friendships and foods is beneficial…
      Be imaginative, creative, innovative and knowledgeable in something you really enjoy researching and sharing.

      I have entertained plans to move, and that is a possibility… to a community that shares our vision of self-sufficiency with local complementary currency. We do not live near a community that has a community currency. If the national currency is devalued here in the U.S. communities with local currencies will thrive during that state of emergency while other communities will be, potentially, devastated as banks close and dollars are unavailable for a period.

      I do not agree with some people who believe that a dystopic future is imminent. I see a temporary disruption in services and products, or in an extreme case a declaration of war and martial law where the federal government makes it public they are at war against the American People… a modern civil war in the states.

      What is rarely discussed is the possibility of natural disasters, such as extreme space weather, super volcanic eruptions, tornadoes, hurricanes, floods, droughts, etc. that disrupts food/water production & distribution, transportation, communications, electricity for prolonged periods of time. Even institutions (governments and banks) may be closed for a prolonged period because of severe natural disasters.


      PS: Have you heard about water generators?
      Click on this link:


      • Leslie Kay says:

        Always great info, thanks! Have seen several videos on self made generators for electric as well. Here is just one of them:

        Thank you for the info on water generators. I live in draught stricken Texas. Some cities have only a 30 day water supply and have no water to fight fires. Its pretty bad here. Appreciate your vetted info and the time it takes to pull this all together and put it out here, to help folks.. like me. Thank you!!


        • RonMamita says:

          Precisely the hobbyist, hacker, craftsmen, DIY’ers creativity at home is expected to be the booming trend in years ahead…
          Below is, the QEG, a more ambitious project: to achieve free-energy generator for whole house electricity (need to be approx. 14 kWh or higher to meet avg. residential homes)

          Quantum Energy Generator

          I wish everyone enjoyable success!


  3. RonMamita says:

    The Future Of Silver Exchanges

    Posted 22 March 2014 is a peer-to-peer, dedicated silver exchange, powered by the Dwolla payment system.

    Built by silver stackers for silver stackers.

    Below are a few more silver bullion retailers:
    silver coins

    The Silver Bullet and the Silver Shield


  4. RonMamita says:

    ECB overreach, why fears of EU deflation are overblown, and how the Bank of Japan has lost its independence

    Dr. Jürgen Stark

    Former Member, Executive Board, European Central Bank; former Vice President, Bundesbank

    AIC 2014 Keynote: Europe – will Deflation Derail the Rebound?


  5. RonMamita says:

    Laurence Kotlikoff- SIPC Running a Ponzi Scheme

    Sep 7, 2014

    Economics professor Laurence Kotlikoff is sounding the alarm for massive and ongoing Wall Street fraud.
    When there is fraud, your brokerage insurance is nearly worthless.
    Dr. Kotlikoff says, “Every day, we are reading about a big bank being fined billions of dollars.
    Recently, Bank of America had a $16 billion fine the bank had to pay for selling fraudulent securities.
    They know they are selling you snake oil and they are getting away with it, and nobody is going to jail.
    I call Wall Street, at this point, Fraud Street, and one of the biggest rackets is the SIPC (Securities Investor Protection Corporation) brokerage account insurance–it’s not really insurance.
    A fraud occurs and Wall Street, through SIPC, says we owe you nothing, and they sue you to get paid back.
    That’s what we call an insurance scam. Wall Street, through SIPC, has been running a massive insurance scam…
    In many ways, you could say SIPC is running its own Ponzi scheme.”


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