Hungary’s Banking Crisis Reveals More Of The Same…

If you think the problems we create are bad, just wait untile you see our solutions
– Misplaced Trust –
Nation by nation, drip by drip, the repetition of bribery, corruption, fraud and bank funded manipulation through institutions such as Political Parties, Foundations, Endowments, Development Funds, Institutional Investors, and others continues to wake citizens from their illusory beliefs.
I was saddened to read that the Hungarian Prime Minister Office was to move into the lavishly refurbished Sándor Palace

Mayday! Mayday! Mayday!
The threads that connects today’s crises are the fraudulent state of the legal & monetary system.
Major scandals and crimes are commonly politicized, effectively grants immunity to the elite.
The elite criminals are in charge.
Governments with their money masters and cronies have instituted a system of organized crime internationally.
The worldwide crisis continues… ~Ron

Hungarian central bank Governor Gyorgy Matolcsy is facing increased scrutiny and calls for his resignation over spending at the monetary authority’s network of foundations after a court decision prevented them from keeping the information secret. –Bloomberg

Central Bank of Hungary

2016 Hungary Central BankEuronews reported:

Foundations funded by the Central Bank of Hungary (MNB) last week lost their right to keep details of their spending secret. It turned [out] that public money had been poured into book publishers, researchers and a media company owned by relative of the bank governor György Matolcsy, a long-time ally of the Hungarian PM. But the only casualties of the story so far have been journalists.

What happened?

The Central Bank of Hungary has started six foundations since 2010. Their stated aim was to promote educational programmes. More detailed questions about their exact purpose were deflected on the grounds that the money was handled by a private foundation instead of a national body.

That was until last week, when the Hungarian Constitutional Court struck down a law that would have restricted financial scrutiny of the foundations, forcing them to publish hundreds of contracts. They didn’t publish everything but they were forced to reveal contracts over 5 million forints (16 000 EUR). The redacted documents reveal the purpose of the spending but still not those benefitting.

How much did they spend?

The foundations altogether have spent around 260 billion HUF public fund which equals approximately 840 million EUR derived from profits booked partly on the re-valuation of foreigh-currency reserves.

Where did the money go?

The monetary authority had been already criticised for splashing out on real estate, artwork and security- investments it insisted are justified because they earn money for the nation.

According to the latest contracts other funds went towards a news website, history books and research trips to east Africa.

Who paid the price?

Only one recipient has so far revealed its links to the central bank cash. New Wave Media, publisher of website vs.hu said it received more that 500 million forints (1,6 million EUR) for multimedia reports. The company’s owner is the cousin of the Governor of the Hungarian National Bank.

Though the website’s objectivity has never been questioned and its reporting is considered impartial, the editor in chief resigned along with at least 10 other journalists who said they hadn’t been aware of the financial arrangement.

András Kósa, one of those who quit, told Euronews: “It was obvious that after this story Vs.hu cannot be a professionaly correct place to work at anymore so there was nothing else to do than resign.”

Collateral damage

But that wasn’t the end of the fallout. A number of journalists who decided to follow up the news by asking the government about the issue found themselves banned from parliament, under the pretext that they had tried to pose their questions in an off-limits area.

Klára Kovács, a video journalist for Nol.hu news site told Euronews that she and six other journalists had been punished for pursuing the story.

“I am a journalist, and not only in parts of a building where politicians permit me be a journalist. I am asking what average citizens would like to but have no access…, otherwise I could give back my press card”, she said, adding that the prime minister had refused to answer her questions…
400x225_331039_Hungarian currency
See More:
http://www.euronews.com/2016/04/26/why-are-journalists-the-only-victims-of-hungarys-central-bank-crisis/

And See, Hungarian prosecutors undermine justice:
http://hungarianspectrum.org/2016/04/29/letting-the-fox-guard-the-henhouse-hungarian-prosecutors-undermine-justice/
2016 Hungary Pyramid scheme protests_Questor

The victims of Tarsoly’s pyramid game
The sign reads: “Orbán get lost and take your cronies along”

RELATED:
https://ronmamita.wordpress.com/2013/04/14/g20s-new-financial-rules-banks-own-depositors-funds/
https://ronmamita.wordpress.com/2013/05/07/people-you-should-know/
https://ronmamita.wordpress.com/2014/07/08/century-of-enslavement-the-history-of-the-federal-reserve/
https://ronmamita.wordpress.com/2015/01/06/global-crisis-talking-about-hidden-agendas-control-and-deadly-secrets/
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Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People of Earth will solve our crisis and create an era of Creativity. Be at Peace; Be Aware; Be Creative; Be Active; Be Free and Alive; and then Share it. LOVE & Peace AMOR y Paz

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3 comments on “Hungary’s Banking Crisis Reveals More Of The Same…
  1. RonMamita says:

    Hungarians Just Destroyed All Monsanto GMO Corn Fields

    Hungary has taken a bold stand against biotech giant Monsanto and genetic modification by destroying 1000’s of acres of corn found to have been grown with genetically modified seeds, according to Hungary deputy state secretary of the Ministry of Rural Development Lajos Bognar.

    Unlike many European Union countries, Hungary is a nation where genetically modified (GM) seeds are banned. In a similar stance against GM ingredients, Peru has also passed a 10 year ban on GM foods.

    Read Full: http://www.offgridquest.com/news/hungarians-just-destroyed-all-monsanto-g

    Finland’s Parliament debates ‘reviving economy’ by ditching euro

    FIXIT petition:
    Of course this rare debate only occurred after 53000 people signed a petition to force the issue with a public call to Exit the Euro.
    Among the citizens the idea of leaving the euro is very popular.
    See: https://www.rt.com/news/341387-finland-parliament-euro-petition/

    Greece set to run out of cash by MAY pushing Europe into another Crisis

    Greek Bank Deposits Down in consecutive months.
    The Loan-sharks want their treasure and their ASSets.
    The never-ending-story, Greece can’t repay debt, and austerity again…

    Of course this is a worldwide debt crisis. A mounting debt burden that can’t be repaid because of the astronomical sums, fraud and distrust in the international banking industry.

    Greek Prime Minister Alexis Tsipras unexpectedly on Wednesday demanded a European summit to bridge sudden rifts that emerged in negotiations over Greece’s massive bailout, its third in six years.

    After nearly a year of relative calm, Tsipras is angered by a fresh set of reforms demanded by Greece’s creditors that he says breaks the terms of its 86-billion-euro ($90 billion) bailout, agreed in July 2015.
    But Athens needs to complete the so-called first review of its bailout soon …

    Read more at:
    http://economictimes.indiatimes.com/news/international/business/greeces-debt-crisis-returns/articleshow/52014299.cms

    Also read: http://www.theguardian.com/business/live/2016/apr/22/eurozone-finance-ministers-hold-talks-on-greece-business-live

    Bill Holter: RED ALERT WARNING

    Video posted 30 Apr 2016

  2. RonMamita says:

    Below Are Strong Opinions About This Crisis:

    I have a different analysis of this crisis than Ron Paul, Bill Still, and Jim Willie, but it is valuable to listen to their solutions as you formulate your own.
    I listen to all and follow none, because I think for myself with the intentional embrace of natural Law and personal sovereignty.
    None of the guest speakers below embrace the concept of freedom and transitioning away from fraudulent institutional governance.
    They embrace statism, and authority. That is a polite way of saying they wish for a benevolent master and you will be an obedient slave.
    Remember:
    It is State Sponsored Terror, and the Empire Doesn’t Care Who You Vote For.
    If not already a puppet, he/she will be, or the next.

    Picture my dream:
    No Government_Stay home boycotts
    What If the Empire Held an Election and Nobody Came?

    Title: Bill Still VS. Fractional Reserve MONEY MASTERS
    Video posted 26Apr2016

    Posted on April 30, 2016May 1, 2016 by Perpetual Asset
    Will Lehr of PerpetualAssets.com interviews Jim Willie of GoldenJackass.com
    Join us for a 2 hour session with Jim Willie, the Golden Jackass. This one is all over the place!

    Title: Unusual Forecasts with Jim Willie ~ Part 1
    Video posted 30Apr2016

    Unusual Forecasts ~ Jim Willie ~ Part 2
    Video posted 30Apr2016
    Read:
    https://www.perpetualassets.com/news/2016/04/30/unusual-forecasts-interview-with-jim-willie-part-1/

    We discuss current events, geopolitics, the precious metals breakout, unusual forecasts, and more. In the end Jim opens up and gives us some personal connection.

    The western word has gone broke, and added fuel to the fire over the last 5 years. Jim believes deficits will force bail ins and that the IRA, 401k, pension marketplace will be the target.

    We have seen an impressive metals breakout in the last few weeks. Jim explains how gold will break open the door for new highs while silver will chase at a faster rate. Jim gives us a nice technical analysis on the current breakout complete with graphs. Jim called this breakout in his 4/26 article:

    “Silver leads the precious metals breakout in impressive fashion. The Cup & Handle pattern indicates an 18 target to be reached very quickly. Both following charts exhibit a constructed launching pad for an assault on the $20 level.”

  3. RonMamita says:

    The Markets Are Bleeding!

    Non-transparent, and hidden truth increase risk for all investments, bonds, and insurance.
    Regulators will be very busy trying to protect their corporate masters.
    10-30 years of legal pursuits to reach judgements.
    Jobs and Pensions at risk as bankruptcies and defaults are expected in the months ahead.
    Nations’ and Corporations’ AAA rating face distrust and potential downgrades…

    UK retailer BHS close to collapse with 11,000 jobs at risk…
    BHS:
    *570 Million pound hole
    *11,000 workers face layoffs
    *More corporations are expected to follow
    Hillsborough, NuitDebout…

    Title: Keiser Report: ‘Making America Great Again’ Quest (E908)
    Video posted 30 Apr 2016

    What is happening with gold bullion, and what it affects

    Alasdair Macleod discusses:
    Markets are artificial (manipulated).
    The dollar is weakening.
    The worldwide banking industry are at risk…

    Title: Alasdair Macleod-Gold Rising, Dollar Going Down
    Video posted 01 May 2016

    Fraud Key Profit Center for Wall Street-William Black

    By Greg Hunter On March 30, 2016 http://usawatchdog.com/fraud-key-profit-center-for-wall-street-william-black/

    Former top bank regulator Professor William Black says there is no hiding the cesspool that is Wall Street. Dr. Black says, “People on Wall Street agree that the system is rigged. You get them into a bar, they will say the same thing. When Bernie Sanders says the business plan of Wall Street is fraud, that’s simply an accurate, objective fact. That is their key profit center . . . and it’s not just here. The United States has been in a competition with the United Kingdom (UK) for decades now on this race to the bottom with the City of London and Wall Street. The UK Parliamentary Inquiry, which is run by the Tories, found as a fact that . . . all of the retail profits of the largest banks in the United Kingdom came from the deliberate or ‘mis-selling’ of products to customers. . . . They deliberately ripped off entrepreneurs. They deliberately ripped off their customers, and the Tories found it represented all of their retail profits. . . . You are talking in the range of $80 billion.”

    Why have a totally fraudulent financial system? Dr. Black, who is an expert in white-collar crime, says, “It’s hard to make money with competition. It’s really hard. People who have never been in business don’t understand how hard real competition is. Real competition makes it hard to prosper, but if you rig the system, it makes it easy. The reward for rigging is phenomenal. We are talking every year, hundreds of billions of dollars in bonus compensation. It’s far more than their straight salaries, and it is going to folks that it wouldn’t go to them if they didn’t rig the system. And, no one is prosecuted. They don’t even give back the fraud proceeds, even when they catch them red-handed.”

    This means that when banks donate to top candidates in both parties, they are donating fraudulent banker profits. So, both the political system and the financial system are based on fraud. Can fraud destabilize the entire system? Dr. Black, who is also a professor of both economics and law at UMKC, says, “Obviously, it is the worst possible thing to do in terms of stability. The way you rig these things doesn’t just make you wealthy, it creates asset bubbles, massive asset bubbles, the biggest in history, and it’s not just in the United States. . . . The biggest asset bubble right now has to be in China. . . . The estimated loss for the United States over the course for ‘The Great Recession’ (or 2008 meltdown) is $24.3 trillion. . . . This has been a catastrophe for much of the world.”

    One thing that could trip up the economy, derivatives or trillions of dollars of global debt bets between big banks in the U.S. Dr. Black says, “Not only is the number massive, but 95% of that number is in only six banks in the United States. So, that’s a separate but critical issue. We don’t even have the honesty, and I mean globally, to call these things by their right name. By definition, these are ‘systemically dangerous institutions,’ but we call them ‘systemically important’ like they deserve a gold star. They’re not important. They don’t help the world. Even the Fed says the way you get on this list is because when you fail, you are likely to cause a global crisis. Notice how I used the word ‘when’ not ‘if.’ We have roughly 25 of these systemically dangerous institutions in the United States. We have around 35 of these systemically dangerously institutions globally on top of that. So, we roll the dice just in the United States 25 times every day to see when the next one will blow up. . . . The fraud makes things very fragile.”

    Join Greg Hunter as he goes One-on-One with former regulator and banking expert Professor William K. Black.

    (There is much more in the video interview.)

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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.
RonMamita
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