The Crisis Is The World’s Criminal Monetary System; Remember Iceland…

*[20 Oct 2015 Addendum: Some readers did not catch the nuance in WHAT Makes a Monetary System CRIMINAL. The executives, policy makers, politicians, and others are criminals that make any system they control criminal, for deception and fraud are tools of criminals. “GOLD Bullion” as money is not the answer.]

Bread flour is limited to 4 per person
Food rationing is probable…
Venezuela Crisis:
I rarely see a discussion of Venezuela without corruption center stage, thus I will leave it for another time, perhaps as the government collapses…

Venezuela decreed 30% increase in the minimum wage for higher inflation in 2015.
This is the second increase in the year and according to the president of the South American nation, will recover the purchasing power of Venezuelans. However, this adjustment will fall short before an expected 80% inflation.
Read:
http://www.elfinanciero.com.mx/economia/hiperinflacion-abraza-a-venezuela.html
http://www.elfinanciero.com.mx/economia/venezuela-decreta-aumento-de-30-en-el-salario-minimo-por-mayor-inflacion-en-2015.html
http://www.preciopetroleo.net/petroleo-hoy.html

Brazil's President Dilma
Recession in Latin America’s biggest economy:
As the citizens in Brazil call on criminal investigations and impeachment to halt the criminality in government and banks, the Brazilian government fights to survive (with a disapproval rate of 70%) even as it face inflating government debt due to several international monetary factors and fluctuations…

Recent years Brazil was championed as an example of growth and development, today the Latin American giant is at the center of the economic crisis in the region.
Credit rating agencies have shredded the nation’s credit rating and economic outlook, causing greater costs of government borrowing.

Even more Ominous Brazil’s government launches a political drive for Austerity measures!

Europe’s Crisis
The mass media is non-stop-hype about the massive war refugees flooding Europe. That is a topic we can discuss another time…

Title: “Vicious circle of corruption Focus on Europe”
Video posted 15 Oct 2015
Refugees from Montenegro have virtually no chance of being granted asylum in Germany. Still, many are fleeing their tiny republic, where nepotism and rampant corruption have bred high unemployment.
Read more: http://www.dw.com/en/focus-on-europe-spotlight-on-people-2015-10-14/e-18735821-9798

Video posted 16 Oct 2015
A court in Portugal has lifted the house arrest for the country’s former socialist prime minister Jose Socrates.
He is now allowed to leave his home, but is required to stay in Portugal unless given special permission to travel abroad.
Socrates was allowed to vote in parliamentary elections earlier this month.
He was arrested last November as part of an investigation into suspected tax fraud, corruption and money-laundering.
Prosecutors and judges have intensified a campaign against corrupt…
READ MORE : http://www.euronews.com/2015/10/16/portugal-lifts-house-arrest-for-ex-pm-jose-socrates

Osborne warns UK not immune from rising global risks

Greece’s debt has become unsustainable and the country needs debt relief, according to the International Monetary Fund.

Glencore shares crash 29% as European markets slide
.
RELATED:
https://ronmamita.wordpress.com/2015/09/22/gallop-poll-75-in-u-s-see-widespread-government-corruption/
https://ronmamita.wordpress.com/2015/06/17/this-time-the-most-embarrassing-thing-to-say-will-be-no-one-saw-this-coming/
https://ronmamita.wordpress.com/2015/06/11/corrupted-courts-eyewitness-discussion/
https://ronmamita.wordpress.com/2015/05/28/the-coming-capital-controls-are-designed-to-protect-the-banks-from-you/
https://ronmamita.wordpress.com/2015/05/07/another-look-at-the-planet-of-debt/
https://ronmamita.wordpress.com/2014/10/15/puzzle-pieces-monetary-reset-plan/
https://ronmamita.wordpress.com/2014/09/27/another-reminder-bankers-fail-to-hide-economic-depression/
https://ronmamita.wordpress.com/2012/12/15/economic-collapse-instead-of-ww3-create-peoples-currency/

Iceland’s Leadership is pointing to something important. Quote:

Iceland Repays All of Its Remaining Obligations to the IMF Ahead of Schedule

Press Release No. 15/469
October 9, 2015

Iceland today repaid, ahead of schedule, all of its remaining obligations to the International Monetary Fund (IMF), amounting to SDR 236.9 million (about US$334 million).

End quote.

Will Iceland Adopt A Sovereign Money Policy?
I don’t think the Banksters will like that.
Read Iceland’s proposal:
https://dl.dropboxusercontent.com/u/16989668/Iceland/Iceland’s%20Parliamentary_resolution_EN%20copy.pdf
_______________________________________________

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11 comments on “The Crisis Is The World’s Criminal Monetary System; Remember Iceland…
  1. RonMamita says:

    Ex-FDIC Auditor Files Brief

    Eric Mains, former FDIC Auditor who quit to defend his home and go after the banks for the “culpable” actions has filed a brief worth reading. Anyone following this blog should read it carefully.

    The banks use the Rooker Feldman doctrine, res judicata, collateral estoppel and a variety of other devices to convince judges that any action for damages or other relief is barred if a judgment has been entered against the borrower. It is a cloud of legal fantasy that often obscures the vision of the court.

    Among the points that are well made is that if the relief sought by the homeowner would not set aside or disturb the judgment that was entered, and the homeowner is complaining of external culpable actions that led the to the entry of the judgment, then the homeowner has in fact raised issues that can be heard in Federal or State Court or in Bankruptcy Court. It is simple logic based upon long-standing law.

    see:
    https://livinglies.files.wordpress.com/2015/10/response-brief-chase-and-citi-highlighted.pdf

    __________________________________________

    Big Story Big Debate: ‘Public Money’ Action Against Corruption

    Published on Oct 12, 2015
    After exposing scams of Bank of Baroda, Vijay Mallya, Ashok Singhwi and many more in the list. Is PM Modi’s government fighting corruption? If yes, will it stop corruption in India? Watch Big Story Big Debate on ‘Public Money’ Action Against Corruption.

    Zee Business, India’s first 24-hour Hindi business channel, was conceived to offer ‘information’ and ‘insight’ and bring business and economy coverage to you in your own language.

    • RonMamita says:

      Malaysia, Goldman Sachs, and the ECM Turning Point

      http://www.armstrongeconomics.com/archives/37967

      Posted on October 12, 2015 by Martin Armstrong

      Malaysia is becoming the poster-child for the crisis in emerging markets. The rising tensions between the people and government are clearly demonstrated by this story developing within the emerging markets. In Malaysia, we hear the central bank is recommending criminal prosecution in connection with the controversial investment fund 1MDB, the BBC reported. 1MDB was a sovereign wealth fund that was set up by Malaysian Prime Minister Najib Razak. The fund invested nearly $1.83bn abroad without using proper procedures. The investment bank Goldman Sachs is at the center of the criminal investigation in Malaysia since it organized 1MDB to raise U.S. dollar debt to finance acquisitions of power plants. Goldman Sachs also did the currency swap from dollars.

      Goldman Sachs’ role has been highly criticized in the Malaysian media and political circles after it emerged that 1MDB paid hundreds of millions of dollars to the bank for helping it raise $6.5 billion in three bond deals in 2012 and 2013. Goldman Sachs earned around $590 million in fees plus commissions and expenses from underwriting the bonds, according to Reuters. The reported fees are highly excessive, nearing 10%, when such fees are typically only 1% in bond underwriting. The Wall Street Journal reported last July that investigators looking into 1MDB had discovered nearly $700 million transferred to Najib’s bank accounts. Malaysian Prime Minister Najib Razak also acts as finance minister in Malaysia and on top of that chairs 1MDB’s advisory board. Malaysia’s anti-corruption commission said the funds deposited in Najib’s accounts were from a donation, not from 1MDB. However, they declined to reveal who the donor was and for what reason they donated.

      Then this financial mess gets even more convoluted. Abu Dhabi is in the mix through IPIC established in the 1980s to focus on energy investments. For some strange reason, they have been a supporter of Malaysia as part of its expansion to developing countries and have already offered financial support. An Abu Dhabi government-owned investment firm revealed that it would pay $102.7 million (U.S. dollars) in interest payments due this month, in addition to paying for two $1.75 billion bonds next month that were issued by 1MDB units and are co-guaranteed by IPIC.

      Growing pressures of this corruption scandal are clearly demonstrated in the depreciation of the Malaysian Ringgit over the past few months, as illustrated above. However, this is at the heart of emerging market debt that is going to explode with a rising dollar. The total debt, which rose after 2007 in dollars, is nearly 50% of the total U.S. national debt without the economic infrastructure to support it.

      This corruption scandal is starting to make worldwide press with the turn in the ECM on 2015.75.

  2. RonMamita says:

    Look at The Fall Of Major Corporations

    market-crisis-crash
    Some Analysts Are Calling This A Earnings Recession!
    Despite Central Banks handing them free money in Q.E. program at near zero interest!

    “The worst stock market crashes in U.S. history have come during the month of October”

    GM Stock Declines as Third Quarter Sales Drop 3.1%
    http://www.thestreet.com/story/13327634/1/gm-stock-declines-as-third-quarter-sales-drop-3-1.html

    Mattel suffers 33% decline in third quarter earnings
    http://www.investing.com/news/stock-market-news/mattel-suffers-33-decline-in-third-quarter-earnings-366435

    BlackRock Inc (BLK.N) profit falls in third quarter!
    http://www.reuters.com/article/2015/10/14/us-blackrock-results-idUSKCN0S814G20151014

    JPMorgan, profit falls in three core businesses, revenue fell 6.4 percent in the third quarter!
    http://www.reuters.com/article/2015/10/14/us-jpmorgan-results-idUSKCN0S72OT20151014
    http://www.bloomberg.com/news/articles/2015-10-13/jpmorgan-third-quarter-profit-increases-22-on-tax-benefits

    Goldman Sachs blames global market fears as third-quarter revenues in the third quarter fall to $6.86bn from $8.39bn a year ago.
    http://www.theguardian.com/business/2015/oct/15/goldman-sachs-earnings-fall-short-third-quarter

    Wall Street bank Morgan Stanley reported a quarterly profit that fell far short of market expectations
    http://www.cnbc.com/2015/10/19/reuters-america-update-3-morgan-stanley-quarterly-profit-drops-42-pct-shares-plunge.html

    Dow closes down more than 150 as Wal-Mart, Boeing weighed weaker-than-expected data.
    Wal-Mart plunged 10 percent, its worst day in two decades, as the greatest weight on the Dow.
    The Dow Jones industrial average closed down 157 points after falling as much as 194 points
    http://www.cnbc.com/2015/10/14/us-stocks-open-lower-amid-data.html

    Dow industrials fall 55 points
    http://www.marketwatch.com/investing/index/djia/news

    European stocks fell amid the turmoil in China and mixed reports about the health of the eurozone economy. Commodity producers and companies that derive a significant portion of their revenues from Asia had some of the biggest declines, although the losses extended across all sectors and all national markets in the 19-member euro zone.
    Overall, the MSCI Europe Index retreated 7%, its worst quarterly fall since 2011.
    https://www.thecapitalgroup.com/us/insights/market-commentary/world-markets-third-quarter-2015.html

    Title: “Global Debt Hits RECORD HIGH as Countries React with More Debt!”
    Video posted 17 Oct 2015

  3. RonMamita says:

    The Collapse Of The Dollar Will Be A Shock

    A Time For (self renewal and personal growth) Great Change In Consciousness…

    Title: “The Second Coming of Consciousness”

    • RonMamita says:

      When People Think For and Govern Themselves

      Many insightful discussions will follow along with innovations and P2P activities.
      Rejecting Dynasties and Empires.

      Two Martin Armstrong Quotes:
      1. “Before 1934, private loans always had a gold clause. So yes, you are correct. You ended up with more gold owed than actually existed, This is fundamental to any credit system.”

      2. “While prostitution has long been regarded as the first profession and lawyers as close second, the banking profession is clearly the third oldest known to humankind. The invention of banking preceded that of coinage by several thousand years. Banking appears to have originated in Ancient Mesopotamia. Receipts in the form of clay tablets were used to record transfers between parties. Among some of the earliest recorded laws (Code of Hammurabi), pertain to the regulation of the banking industry in Mesopotamia.

      The development of banking in Mesopotamia is quite interesting. It illustrates that all the modern practices such as deposits, interest, loans and letters of credit existed from the time of the first great civilizations on earth. In effect, these clay tablets were the forerunner of our more modern paper money systems that emerged in China by 900 AD and in Western culture by the 18th century.”

      End Quotes.

      Critical examination of the past is helpful to choose a path toward the future…

      How to Outgrow the Government:
      Download the Podcast here

      Video posted 25 Oct 2012
      Corbett Report Radio #245

      Even amongst the alternative media, we are often taught to fear our would-be overlords and their presumed omnipotence. But what if what we are fighting are not families and bloodlines but ideas and institutions?
      What if the answer is not to focus on what “they” are doing to us, but what we can do for ourselves?
      Don’t miss tonight’s fascinating conversation on power, politics and solutions with Andrew Gavin Marshall of The People’s Book Project and BoilingFrogsPost.com
      ________________________________________________

      The Worldwide Dialogue Continues…

      I do not know why Dan showered praises onto monarchy, yet his examination of institutional governance is the trend in the worldwide dialogue that seeks to end the wars and promote freedom and prosperity worldwide.

      Title: “The Democracy Deception”

      “The money-changers, that is, the cartel of banking families whose inheritance dates back centuries and who have manipulated world events through their power to create money, these people are behind democracy. Not just the puppet politicians we’re supposed to vote for, but the very idea itself.” – Dan Dicks

  4. RonMamita says:

    How to navigate the Age of Deception?

    Apparently a pro-Russian has simplified the World’s geopolitics as:
    Skillfully play

    “the role of either being quiet slaves – like much of the world; or defending themselves – like Syria, Belarus, China; or fighting back and fixing them – like Russia, the Great Balancer of the World has to do regularly.” –futuristrendcast

    You do not have to be a New-Age follower, nor a Statist for deep contemplation about the nuances of geopolitics…

    I am curious how Iceland (who appears to be attempting a jail-break), and other peripheral nations (such as Malaysia, and Singapore) will cope with the escalation of the current World War?

    My wish is for Mass-Awakening for People to en masse boycott (Starve The Beast), and that Lawful Courts will begin the removal and arrests of criminal executives and officials currently in office.
    Stop the Wars.
    Stop the Fraud.

    PS: I can IMAGINE:
    Alliances rejected by courageous members. For example imagine some members leave NATO.
    Imagine Worldwide Secession movements as communities claim sovereignty and freedom.
    Imagine Catalonia, or Puerto Rico declaring independence (or some other territory such as Hawaii and the Philippines, or states such as California, Maine, W. Virginia)…
    Yes, imagine Big Events begin to de-escalate the current world war.

  5. The NZ Green Party hopes to adopt a sovereign money plank at our policy conference in Feb. If Iceland successfully passes this bill, it will make it much easier to sell to some of the more conservative members of our party.

    • RonMamita says:

      Fantastic, wish you success!
      Iceland is showing Leadership by example, a small nation has to tread carefully.
      Never the less, the devious banksters could attempt to influence the Icelandic policy reforms…

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The Worldwide Wave of Action
Peaceful Global TransitionApril 4th, 2014
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
The Big Day ReportFebruary 2nd, 2014
Institutions of crime Big days have come and gone (government Elections, and Tax filing). Search for what is hidden and for what is not spoken. Be Aware of the next big Day for fraudulent institutions.
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