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Outlander
14th April 2016, 10:36
What in the World is Going on with Banks this Week? Emergency Meetings, Banker Summits, Crashing European Banks, and the Worst Bank Reports Since the Great Recession
By David Haggith
April 13, 2016

Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down. Let’s start with a bullet list of the week’s big-bank events:

- The Federal Reserve Board of Governors just held an “expedited special meeting” on Monday in closed-door session.
- The White House made an immediate announcement that the president was going to meet with Fed Chair Janet Yellen right after Monday’s special meeting and that Vice President Biden would be joining them.
- The Federal Reserve very shortly posted an announcement of another expedited closed-door meeting for Tuesday for the specific purpose of “bank supervision.”
- A G-20 meeting of finance ministers and central-bank heads starts in Washington, DC, on Tuesday, too, and continues through Wednesday.
- Then on Thursday the World Bank and the International Monetary Fund meet in Washington.
- The Federal Reserve Bank of Atlanta just revised US GDP growth for the first quarter to the precipice of recession at 0.1%.
- US banks are widely expected this week to report their worst quarter financially since the start of the Great Recession.
- The European Union’s new “bail-in” procedures for failing banks were employed for the first time with Austrian bank Heta Asset Resolution AG.
- Italy’s minister of finance called an emergency meeting of Italian bankers to engage “last resort” measures for dealing with 360-billion euros of bad loans in banks that have only 50 billion in capital.

CONTINUE: http://www.activistpost.com/2016/04/banks-this-week-emergency-meetings-summits-crashes-and-terrible-bank-reports.html

Outlander
14th April 2016, 10:42
Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?
Michael Snyder
April 12, 2016

The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving away from the big cities? Could it be possible that they have many of the same concerns that “preppers” do about what is coming?

For quite a while, I have been writing about how the elite have been preparing for the coming collapse. But I had no idea that literally thousands of them are packing up and permanently leaving our major cities. As I mentioned above, the Chicago Tribune is reporting that about 3,000 of them left the city of Chicago alone during the previous calendar year…

Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report. About 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from the city last year, with many citing rising racial tensions and worries about crime as factors in the decision, according to research firm New World Wealth.

But of course this is not just happening in Chicago, nor is it just an American phenomenon.

Actually, the two cities that lost the most millionaires last year are both located over in Europe…

Paris saw the largest exodus. The French city lost 7,000, or 6 percent, of its millionaires, followed by Rome, which lost 5,000, or 7 percent.

It is true that some of these millionaires are moving for tax reasons, but many others are quite concerned that humanity is hurtling toward a deeply apocalyptic future, and they want to get prepared for what is about to happen while they still have time.

In eastern Germany, one company known as “Vivos” has spent an enormous amount of money converting an underground facility built by the Soviets during the Cold War into the largest private shelter on the planet. It is called “Europa One,” and it is being billed as an ultra-luxury survival bunker for the elite.

The following comes from their official website: Located in the heart of Europe is one of the most fortified and massive underground survival shelters on Earth, deep below a limestone mountain. Built by the Soviets during the Cold War, this shelter was a fortress for military equipment and munitions. Now privately owned, this 76 acre above and below ground hardened facility is capable of withstanding a substantial close range nuclear blast, a direct airliner crash, biological and chemical agents, massive shock waves, earthquakes, electro-magnetic pulses, and virtually any armed attack.

This irreplaceable complex is now being re-tasked as Vivos Europa One, becoming the world’s largest and most fortified underground shelter for long-term, uncompromising protection of high net worth individuals, their families, and most precious assets when no other above-ground exfiltration solution will suffice.

The complex includes over 21,108 square meters (227,904 square feet) of secured, blast proof living areas; and, an additional 4,079 square meters (43,906 square feet) of above-ground office, apartments, warehouse buildings, and its own train depot. Collectively there are over 5 kilometers (3.1 miles) of continuous tunnel chambers.

CONTINUE: http://www.activistpost.com/2016/04/why-are-thousands-of-millionaires-fleeing-chicago-and-other-major-cities-around-the-world.html

The One
14th April 2016, 11:13
Wow and here is their website http://terravivos.com/

So the elites survive and the most of us die i thought as much lol. How many times do we here of our ET friends going to send these elites to off world planets :whstl:

Maybe thats wishful thinking.

Elen
14th April 2016, 12:07
"Would you consider buying your car from that Vivos man, Robert Vicino?" This is fear porn, ladies and gentlemen.

The One
14th April 2016, 12:14
"Would you consider buying your car from that Vivos man, Robert Vicino?" This is fear porn, ladies and gentlemen.

I agree.If the military of this world have left these bunkers in countries all over the world and then someone can go in a do them up then i think its just a money making scam for the middle class.Just imagine what these military have on their own soil. Now thats where the elites will go and i dont think they will tell anybody.

There is already probably a plan in place to send these elites underground if and when the time comes.

bsbray
14th April 2016, 17:33
They're going to need more than an underground vault to save them once everybody figures out what they've done.

The One
14th April 2016, 17:38
They're going to need more than an underground vault to save them once everybody figures out what they've done.

Agreed but when the doors are locked and we are on the outside how are we going to get in lol. Unless divine intervention of some sort happens and they get shifted off planet lol or if there is an uprising and we get to these places before them.

BabaRa
14th April 2016, 21:44
Joseph Farrell's take, which he made after hearing that Deutsche Bank for price fixing of silver and gold, along with HSBC, UBS and probably others.

Farrell thinks there is a connection to the Panama Papers.


https://www.youtube.com/watch?v=my2UyqS7x7w

bsbray
14th April 2016, 22:44
Thanks for posting that BabaRa. It's worth the listen.

When Farrell says there's a 3rd party (neither the West nor Russia) responsible for releasing the Panama Papers and taking control of this hidden financial structure, I wonder who this 3rd party group could be.

modwiz
14th April 2016, 23:01
Agreed but when the doors are locked and we are on the outside how are we going to get in lol. Unless divine intervention of some sort happens and they get shifted off planet lol or if there is an uprising and we get to these places before them.

All we need is a few cement trucks to fill in the entrance.

Outlander
15th April 2016, 01:02
The Conspiracy Theorists Were Right: Mega Bank Admits to Rigging Global Gold and Silver Markets
By Justin Gardner
April 14, 2016

While everyone was focused on the “too big to fail” banks that brought the economy crashing down in 2008, other big banks were busy scheming investors in a different way.

In a stunning victory for “conspiracy theorists” within the precious metals space, overnight Deutsche Bank not only agreed to settle a lawsuit accusing it of manipulating the silver fix, but also agreed to help the plaintiffs pursue similar claims against other banks as part of the settlement by providing instant messages and other communications, reports ZeroHedge. And so the former cartel members are turning on each other.

Within the span of 24 hours, it was reported that Deutsche Bank, along with other banks, has been rigging both the silver and gold futures markets since 2007. The German-based bank reached a settlement in two separate lawsuits brought by bullion investors.

According to Reuters: The plantiffs accused Deutsche Bank of conspiring with Bank of Nova Scotia (BNS.TO), Barclays Plc (BARC.L), HSBC Holdings Plc (HSBA.L) and Societe General (SOGN.PA) to manipulate prices of gold, gold futures and options, and gold derivatives through twice-a-day meetings to set the so-called London Gold Fixing.

While they were illegally fixing prices in the gold market, Bloomberg reports they had an equally unscrupulous hand in the silver market too.

Silver future traders in 2014 sued a group of banks including Deutsche Bank, HSBC Holdings Plc and Bank of Nova Scotia alleging they unlawfully manipulated the price of the metal and its derivatives, echoing similar claims brought previously against financial firms over alleged manipulation of gold prices. Later, UBS AG was also named as a defendant in the silver-fixing case.

Traders alleged the banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to a version of the complaint filed in April 2015. Of those four banks, only Deutsche Bank has reached a settlement.

Details of the settlements are forthcoming and will involve a monetary payment by Deutsche Bank. Interestingly, Deutsche Bank will also be cooperating with the plaintiffs in prosecuting the other banks. A letter to Judge Valerie Caproni states: In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non-settling defendants.

It’s a shocking turnaround from the years of collusion between the banks in daily secret meetings to rip off investors.

The lawsuits that have now revealed price-rigging in silver and gold futures markets were brought by private investors. It is worth noting that the Commodity Futures Trading Commission (CFTC), the government agency that is supposed to regulate these banks, initiated its own investigation in 2008 and found no wrongdoing.

CONTINUE: http://www.activistpost.com/2016/04/the-conspiracy-theorists-were-right-mega-bank-admits-to-rigging-global-gold-and-silver-markets.html

lcam88
15th April 2016, 02:39
In Mr Farrells news and views, I think it is clear who the third party he is suggesting to be behind all of this (the panama papers and this episode of Deutsche Bank literally offering up information).

It may even be that the litigator who is charging the banks, whom which Deutsche Bank is settling with has ties to this same group... A lot of money is going to get forked over.

BabaRa
15th April 2016, 19:23
Another Voice:


https://www.youtube.com/watch?v=9FI01zevYxM

Outlander
19th April 2016, 01:33
Fed Issues an Ominous Warning to JPMorgan Chase and Leaders Flock to Secret Meetings
By Daisy Luther
April 18, 2016

Tick. Tock.

Do you hear that? It’s the clock on the time bomb, and it appears to be ticking relentlessly toward our economic collapse.

It seems like every day, there is a new threat to the financial well-being of the disappearing middle class in America. Of course, less affected are the members of Congress and their buddies on Wall Street. You know, the ones that put the politicians in office to get favorable decisions made on their behalf in Washington.

But if you happen to have been ignoring the folks Obama calls “peddlers of fiction” who have been warning us all of an impending economic crisis along the lines of the last financial collapse, you might want to pay attention now, because a disturbing series of events is in motion.
First of all, the Fed just issued a terrifying warning to the biggest bank in the country.

Finally, the Fed has admitted that we just can’t take another hit without incurring an epic disaster.

And by “admitted” I mean they’ve issued a chilling warning to JPMorgan Chase, the biggest bank in America.

The letter is addressed to Teflon-coated Jamie Dimon, the leader of the bank (who seems to have made a deal with the Devil to become completely immune to prosecution, no matter what he does.)

It is 19 pages and heavily redacted, but here are some excerpts that should send a chill down your spine. The emphasis is mine.

The Agencies also identified a deficiency in the 2015 Plan regarding the criteria for a rational and less-complex legal entity structure. In order to substantially mitigate the risk that JPMC’s material financial distress and failure would have systemic effects, JPMC should ensure that its legal entity structure promotes resolvability under the preferred resolution strategy across a range of failure scenarios. Flexibility — or “optionality”—within the resolution strategy helps mitigate risks that, if not overcome, could otherwise undermine successful execution of the strategy and, more broadly, pose serious adverse effects to the financial stability of the United States.

Then there’s this:

These divestiture options do not appear to provide sufficient optionality under different market conditions.

The divestiture options in the 2015 Plan also were not sufficiently actionable, as the 2015 Plan sections fore did not contain detailed, tailored, and complete separability analyses. For example, only one obstacle to divestiture to the [redacted] key vendor contracts was adequately analyzed; the analysis of the other key obstacles cited regulatory approvals, client communications [redacted]

This is also concerning:

JPMC does not have an appropriate model and process for estimating and maintaining sufficient liquidity at, or readily available to, material entities in resolution (RLAP model). This is notable given J?MC’s liquidity profile in its 2015 Plan, which relies on the firm’s ability to shift substantial amounts of liquidity around the organization during stress, as needed. As explained below, JPMC’s liquidity profile is vulnerable to adverse actions by third parties.

Even without a degree in finance, I know this is bad:

JPMC’s 2015 Plan relied on roughly of parent liquidity support being injected into various material entities, including its U.S. broker-dealers, during the period immediately preceding JPMC’s bankruptcy filing. This includes reliance on funds in foreign entities that may be subject to defensive ringfencing during a time of financial stress.

Here’s the long and the short of it:

Every year, large banks must create a contingency plan that explains what they’ll do if they begin to go under. The biggest bank in the country has such a lackluster, half-baked plan that the Fed called them out on it for 19 pages and warns that their nonchalance could be responsible for the financial instability of the entire country.

PS: Since this isn’t my first rodeo, I downloaded the entire PDF. It’s funny how things have a way of disappearing off the Internet when the mainstream media wants to ignore them. You can download it yourself, too, at this link:

JPMorgan Chase is not alone.
But they’re not the only ones.

Bank of America and Wells Fargo also saw their contingency plans rejected. Zero Hedge reports:

Three of the five largest U.S. banks (JPMorgan Chase, Bank of America and Wells Fargo) have now had their wind-down plans rejected by the Federal agency insuring bank deposits (FDIC) and the Federal agency (Federal Reserve) that secretly sluiced $13 trillion in rollover loans to the insolvent or teetering banks in the last epic crisis that continues to cripple the country’s economic growth prospects.

Are all three banks going down?

But that isn’t even the scariest part.
And just in case you think it’s just a normal day at the Fed…It isn’t just these warning letters that should make you pay attention. At the risk of sounding like I’m selling Ginsu knives, there’s more.

The Great Recession Blog posted a bullet list that should blow your mind when taken in conjunction with the news above. (Be sure to read the full article – it goes into a lot more detail.) It seems that there’s enough concern to spark a flurry of secret meetings among those in power.

- The Federal Reserve Board of Governors just held an “expedited special meeting” on Monday in closed-door session.
- The White House made an immediate announcement that the president was going to meet with Fed Chair Janet Yellen right after Monday’s special meeting and that Vice President Biden would be joining them.
- The Federal Reserve very shortly posted an announcement of another expedited closed-door meeting for Tuesday for the specific purpose of “bank supervision.”
- A G-20 meeting of finance ministers and central-bank heads starts in Washington, DC, on Tuesday, too, and continues through Wednesday.
- Then on Thursday the World Bank and the International Monetary Fund meet in Washington.
- The Federal Reserve Bank of Atlanta just revised US GDP growth for the first quarter to the precipice of recession at 0.1%.
- US banks are widely expected this week to report their worst quarter financially since the start of the Great Recession.
- The European Union’s new “bail-in” procedures for failing banks were employed for the first time with Austrian bank Heta Asset Resolution AG.
- Italy’s minister of finance called an emergency meeting of Italian bankers to engage “last resort” measures for dealing with 360-billion euros of bad loans in banks that have only 50 billion in capital.

CONTINUE: http://www.activistpost.com/2016/04/fed-warns-jpmorgan-secret-meetings.html