The IMF’s member countries agreed in 2010 to give more voting power to countries like China and India, double the Fund’s resources, and reduce the dominance of Western Europe on its 24-member board.
The IMF’s member countries agreed in 2010 to give more voting power to countries like China and India, double the Fund’s resources, and reduce the dominance of Western Europe on its 24-member board.
Greek demand for gold coins is rising as common citizens worry that Greece will exit the Euro. They have been taking cash out of the banks hoarding and buying gold coins as well according to the U.K. Royal Mint. But the bulk are simply hoarding cash and we are starting to see US dollars flowing to Greece in the physical context. This is all about confidence. The uncertainty of the future causes people to hoard. -Armstrong
“Theoretically, we are protected by deposit insurance up to $250,000 in the U.S. and 100,000 euros in Europe. The FDIC fund has $46 billion, the last time I looked, to cover $4.5 trillion worth of deposits. So, even though we are protected by the FDIC, the FDIC is not going to have the money… This makes it legal for these big 30 banks to take our money when they become insolvent. They are too-big-to-fail.
How the Private Bankers Are Using the Financial Crisis to Reshape World Government
Also, recall that U.S. Treasury Secretary Jacob J. Lew urged G-20 Nations to Avoid Competitive Devaluations 3 weeks ago…
Lew singled out China, urging the world’s second-largest economy, to let the [U.S. controlled market] set the value of the yuan.
The pressures are building and eventually it’s all going to blow apart. Until that day arrives we’re going to see increasing instability and ever more manipulation.
Martin Armstrong: CYCLE of WAR
The EU is doing everything possible to shut down any freedom and democratic process. They may not see themselves as fascists distinguishing their motive is to create a federalized Europe for its own good that the people are too stupid to comprehend, but you cannot secure democracy by destroying it.
Each year more financial criminality & breakdowns are revealed.
Market rigging/manipulation on steroids documented:
Lehman Bros, Bankers’ Mortgage liar loans, “Robo-Signing” fraud, LIBOR scams, Credit Default Swaps, Cyprus 1st of G-SIFI Bail-in policy implementation, FOREX, Energy price manipulation, aluminum price manipulation, mass surveillance, Detroit Pension funds, and more…
Holter thinks, “From a probability standpoint, whether it’s tomorrow morning or next week, or next month, or next year, mathematically, ask yourself this question: Is the U.S. broke?
The answer is yes, the U.S. is broke.
There is no way the U.S. can pay the promises…
The only way to keep the Ponzi scheme going is to keep raising taxes and mandate 100% compliance.
Then use force if necessary, but call it a “State of Emergency” for National Security”.
the Seventh Circuit Court of Appeals, in Illinois, announced that once you deposit your money into the bank, the bank owns your deposit.