While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills.
At the end of November, an Italian pensioner hanged himself after his entire €100,000 savings were confiscated in a bank “rescue” scheme. He left a suicide note blaming the bank, where he had been a customer for 50 years and had invested in bank-issued bonds. But he might better have blamed the EU and the G20’s Financial Stability Board, which have imposed an “Orderly Resolution” regime that keeps insolvent banks afloat by confiscating the savings of investors and depositors. Some 130,000 shareholders and junior bond holders suffered losses in the “rescue.”
The pensioner’s bank was one of four small regional banks that had been put under special administration over the past two years. The €3.6 billion ($3.83 billion) rescue plan launched by the Italian government uses a newly-formed National Resolution Fund, which is fed by the country’s healthy banks. But before the fund can be tapped, losses must be imposed on investors; and in January, EU rules will require that they also be imposed on depositors. According to a December 10th article on BBC.com:
The rescue was a “bail-in” – meaning bondholders suffered losses – unlike the hugely unpopular bank bailouts during the 2008 financial crisis, which cost ordinary EU taxpayers tens of billions of euros.
Correspondents say [Italian Prime Minister] Renzi acted quickly because in January, the EU is tightening the rules on bank rescues – they will force losses on depositors holding more than €100,000, as well as bank shareholders and bondholders.
. . . [L]etting the four banks fail under those new EU rules next year would have meant “sacrificing the money of one million savers and the jobs of nearly 6,000 people”.
That is what is predicted for 2016: massive sacrifice of savings and jobs to prop up a “systemically risky” global banking scheme.
Bail-in Under Dodd-Frank
That is all happening in the EU. Is there reason for concern in the US?
According to former hedge fund manager Shah Gilani, writing for Money Morning, there is. In a November 30th article titled “Why I’m Closing My Bank Accounts While I Still Can,” he writes:
[It is] entirely possible in the next banking crisis that depositors in giant too-big-to-fail failing banks could have their money confiscated and turned into equity shares. . . .
If your too-big-to-fail (TBTF) bank is failing because they can’t pay off derivative bets they made, and the government refuses to bail them out, under a mandate titled “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” approved on Nov. 16, 2014, by the G20’s Financial Stability Board, they can take your deposited money and turn it into shares of equity capital to try and keep your TBTF bank from failing.
Once your money is deposited in the bank, it legally becomes the property of the bank. …
Have you noticed the incredible detachment from reality exhibited by the masses these days? The continued operation of modern society, it seems, depends on people making sure they don’t acknowledge reality (or try to deal with it). “Denial” is what keeps every sector of civilization humming along: medicine, finance, government, agriculture and more.
The trouble with the denial approach is that eventually the lies collide with reality. Until that day comes, however, happy-go-lucky Americans are merrily enjoying their courtship with self delusion, repeating the following 37 lies to themselves as if they were true:
Lie #1) All FDA-approved medications are safe to consume in any combination, because the FDA protects the public. …
(NaturalNews) When it comes to foods, superfoods and even nutritional supplements from China, “organic” is largely a hoax. This is my opinion, of course, but I’ve been researching the issue quite extensively as the key decision maker for new products in the Natural News Store. And I’ve come to the conclusion that “organic” from China is largely a fraud. Here’s why…
First off, you’re going to be shocked to learn that there is no limit to how much mercury, lead, cadmium, arsenic and aluminum is allowed in “organic” products.
It’s a fact: USDA organic standards place NO LIMITS on levels of heavy metals contamination of certified organic foods. Even further, there is no limit on the contamination of PCBs, BPA and other synthetic chemicals that’s allowed in certified organic foods, superfoods and supplements.
At this point, you’re probably shaking your head in disbelief and thinking, “No, that can’t be true. Organic standards must check for heavy metals and chemical contamination, right?”
No! “Organic” certifies a process of how food is grown or produced. It certifies that the farmer doesn’t add pesticides, herbicides, petroleum-based fertilizer, metals or synthetic chemicals to the crop (among other things), and it certifies that the soil must be free from such things for a certain number of years before organic certification is approved.
But organic certification does nothing to address environmental sources of pollution such as chemtrails, contaminated irrigation water, and fallout from industrial or chemical factories that might be nearby. A certified organic farmer can use polluted water on their crops and still have the crops labeled “organic.”
For this reason: the environment in which organic foods are produced is critical to the cleanliness of the final product. …
From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this is the story of those who helped shape that world, and how the oil-igarchy they created is on the verge of monopolizing life itself.
TRANSCRIPT AND SOURCES: https://www.corbettreport.com/?p=16888
When Bill Clinton became governor of Arkansas, that state’s prison board awarded a fat contract to a Little Rock company called Health Management Associates, or HMA. The company was paid $3 million a year to run medical services for the state’s prison system. The company paid prisoners $7 per pint of their blood. HMA then sold the blood on the international plasma market for $50 a pint, splitting the proceeds 50/50 with the Arkansas Department of Corrections. HMA’s contract with the Arkansas Department of Corrections and its entry into the blood market coincided with the rise of AIDS in the United States. But HMA did not screen the prisoners’ blood, even after the FDA issued special alerts about the higher incidents of AIDS and hepatitis in prison populations. When American drug companies and blood fractionizers stopped buying blood taken from prisoners in the early 1980s, HMA turned to the international blood market, selling to companies in Italy, France, Spain, and Japan. But the prime buyer of HMA’s tainted blood, largely drawn from Cummings Unit prisoners in Grady, Arkansas, was a company in Canada called Continental Pharma Cryosan Ltd. Cryosan had been caught importing blood taken from Russian cadavers and relabeling it as though it came from Swedish donors. The company also sold blood taken from Haitian slums. In Canada alone, more than 7,000 people have bubs1died from contaminated blood transfusions, many of them hemophiliacs. More than 4,000 of them died of AIDS. MpIn 1986, public outrage forced the cancellation of HMA’s contract, but the blood donor business was re-started by another company, Pine Bluff Biologicals. By the end of the 1980s, Arkansas was the only state still running a for-profit prison blood program, and was finally shut down by Clinton’s successor, Governor Jim Tucker, after the Clintons moved to Washington DC. Much of the Canadian AIDS and Hepatitis epidemic traces directly to the Arkansas prison-blood programs under then Governor Bill Clinton.
Dr. Kenneth P Stoller, MD was trained as a pediatrician at UCLA and was a fellow of the American Academy of Pediatrics for two decades. In 2008 he resigned from the AAP after realizing that the AAP has known that mercury in vaccines can cause Autism and other neurological damage, yet the organization has refused to make a determined effort to have mercury (in thimerosal) removed from all vaccines. And in fact, has instead engaged in a cover-up to protect the interests of the vaccine makers and pharmaceutical empires. Please share far and wide – the public needs to hear this! Dr. Stoller’s Website for parents wondering if their child will qualify for a medical exemption: www.jabevalscalifornia.com