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The secrets of the Bank for International Settlements in Basel
The secrets of the Bank for International Settlements in BaselGeolintel - April 14, 2024
François de Siebenthal explains the origin of the BRI and how it works.
What are called central banks: the European Central Bank (ECB), the Bundesbank, the Bank of France, the Federal Reserve Bank of the United States (FED) etc… are in fact controlled by COMMERCIAL BANKS, themselves properties of a few families of anonymous shareholders (Mayer Bauer Rothschild, Rockefeller, Morgan, Warburg, Lazard etc...). They are managed by front men, puppets, “high” state officials, paid handsomely with public funds. These people lock themselves up every two months in secret meetings in Basel to decide in private the economic fate of the world, all for the profit of selfish, obscure, secret and PLUTOCRATIC banking interests...
Those at BIS and its branches around the world pay no taxes, have huge salaries and multiple benefits. Neither the courts nor the Swiss police can enter there. Anyone entering is scanned, and weighed upon entry and exit, for security reasons, sic...
It is essential to read in addition to this article: a translation of the book by historian Antony Sutton: “Wall Street and the Rise of Hitler”, which speaks in the first chapter of the collusion of Wall Street, Schacht and the BIS /BIS as being the very heart with JP Morgan and Rockefeller of the financing of Nazi Germany under cover of the Dawes and Young plans after the First World War…
Here is the official sheet of February 26, 1930 with the extension of the BIS convention...
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Pierre Jovanovic: The Western world is on the verge of bankruptcy
Pierre Jovanovic: The Western world is on the verge of bankruptcyTVLibertes - January 21, 2024
Politics & Eco n°419 with Pierre Jovanovic
Jovanovic is hard banking news with a smile so far. He is not a prophet of doom, however, the future often proves him right. The picture of international finance painted by the very popular economic journalist can give the impression of a permanent collapse of the System, which paradoxically still seems to hold. The numerical data is dizzying, and if the crash is always postponed, in reality, it is there. But the general public doesn't see it. Welcome to capitalism gone mad.
“The vulture funds are taking over everything that doesn’t work in France, it’s still incredible! »
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SG, BNP Paribas and Crédit Mutuel: Pooling of ATMs
SG, BNP Paribas and Crédit Mutuel: Pooling of ATMsFrance Evening - Jan 17, 2024
Doing better with less: Société Générale, BNP Paribas and Crédit Mutuel Alliance Fédérale (which also owns CIC) announced on Thursday the commissioning of the first joint ATMs, with lower costs and a reduced number of machines.
“Cash Services, the new local banking service offering shared by the four banking brands BNP Paribas, Crédit Mutuel, CIC and SG, is starting the deployment of around sixty sites throughout France,” announces their joint venture 2SF in a press release .
The first automatic teller machine (ATM), dressed in black and displaying the Cash Services logo, has been under test since November 22 at the exhibition center in Mulhouse, in Haut-Rhin. It has since been joined by six other sites, all excluding bank branches.
The customers concerned are those of BNP Paribas, SG, merger of the Société Générale and Crédit du Nord networks, the 14 regional banks (out of 18) of the Crédit Mutuel Federal Alliance as well as two independent banks of the Crédit Mutuel group, Crédit Mutuel Océan and Crédit Mutual of Maine-Anjou and Basse-Normandie.
Concretely, a Société Générale customer will, for example, be invited to withdraw money from a Cash Services ATM attached to a BNP Paribas agency, and vice versa.
After recognition of the card, each customer of these networks will find their bank's own interface on the ATM screen. Any other customer, of Crédit Agricole for example, will operate through a Cash Services interface.
The machines will be able to offer a wide range of services, such as check or coin deposits.
5.000 fewer ATMs
“French banks are evolving to meet the needs of their customers. Also, if the use of cash decreases, they remain vigilant to ensure that all French people have access to it without difficulty,” underlines the French Banking Federation (FBF).
At the end of the deployment of this pooling project, planned for 2026, the Cash Services network will have 7.000 sites (5.000 agencies and 2.000 excluding agencies), or 30% less than the number of current sites, around 10.000.
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Everything is “Ponzi” in the economy… or almost!
Everything is “Ponzi” in the economy… or almost!Insolentiae – Nov 07, 2023
You often hear the expression it's a "Ponzi", a "Ponzi scam", a "Ponzi" scheme or even a "Ponzi scheme", a "Ponzi chain", a "Ponzi" fraud or a Ponzi scheme.
Officially, this is a fraudulent financial arrangement which consists of remunerating clients' investments essentially with funds provided by new entrants. If the scam is not discovered beforehand, the fraud comes to light when the system collapses, that is to say when the sums provided by the new entrants are no longer enough to cover the customers' remuneration. . His name recalls Charles Ponzi who became famous after setting up an operation based on this principle in Boston in the 1920s.
To put it more simply, I remunerate or reimburse the deposits of the first with the deposits of the following while there is no creation of value.
You're going to tell me that you have to be really stupid to be fooled...
First of all, it's not that simple, and the "scams" are always brilliantly executed. It is often difficult to detect them, especially when our capacity for judgment is clouded by profit and greed.
Second, the economy is a huge Ponzi scheme.
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Who directs our leaders? The World Order by Eustace Mullins
Who directs our leaders? The World Order by Eustace MullinsEquality and Reconciliation - Nov 03, 2023
In this 2005 interview (Mullins died in 2010) devoted to his spiritual father Ezra Pound, who trained four Nobel Prize winners, Eustace Mullins denounces with surgical precision the power that is both excessive and criminal of the Bank.
Mullins delves his analysis even further into the roots of this deep power called the Federal Reserve: it is at the center of American monetary policy, its aggressive geopolitics and the wars that engulfed the XNUMXth century. Mullins also unmasks the Zionism behind American policy.
A video, subtitled by E&R, rich and informative to understand the mechanism which led to the current situation.
“It is no more “federal” than the Federal Express company. And she has no “reservations”. It does not need reserves because it prints its own money. If you print your own money, what’s the point? Just turn on the printer and create 10 billion dollars!
Finally, it is not a “system”. It is called the “Federal Reserve System” but it is not federal, it does not have reserves and it is not a system. I am the only one in the world to have defined it, in my work, as a crime syndicate.
And that's what he is: a crime syndicate! Like the mafia, which is one of its subsidiaries. As well as the CIA and all the crime syndicates that depend on the Federal Reserve System. A central bank is a group of bankers who exercise complete control over a country's economy. They print their own money, as much as they want, and it ends up worthless... through speculation... A central bank is designed for speculation.
The Fed system was set up solely for speculation. Its creator was Paul Warburg, a partner at Kuhn, Loeb & Co. in New York, who, incidentally, financed the communist revolution, the Hitler revolution, and Japan's entry into World War II...”
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Why are banks so reluctant to withdraw funds?
TVLibertes - Oct 21, 2023
Banks: nothing is going well! - Politics & Eco n°408 with Jean-Pierre Chevallier - TVL
Are French banks under threat and why are they so reluctant to accept withdrawals from their customers?
A study of the accounts of BNP and Société Générale shows that they lend their clients' deposits well beyond their own funds. In the event of a crisis, this can cause a sudden withdrawal and bankruptcy as with SVB. In addition to this risk, the accounts show, in the off-balance sheet, masses of derivative products which represent amounts 20 to 30 times GDP in opaque and risky financial operations. However, this behavior contrary to banking prudence did not lead to the banking apocalypse; the banks show strong resilience. What are the reasons: false accounts, disinformation, aid from public authorities? Another problem: bonds subscribed at very low rates are no longer worth anything, savers are getting rid of them. Are we headed for a bond crash?
With the Israel/Hamas war, uncertainty has just increased sharply, which is never good news for the markets. In reality, the bond markets of our democracies have collapsed in the last three years, losing 40% of their purchasing power since December 2020.
To conclude, a look back at the Nestlé/Pfizer transaction led by Emmanuel Macron. We wonder where the amount ($30 million?) of the transaction went.
Jean-Pierre Chevallier (https://chevallier.biz/), business economist and independent financial analyst.
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Where is the US debt?
Where is the US debt?International Network - 01 Sep 2023
Situation as of August 17, 2023
A year ago, I wrote my friends a post explaining the state of the US debt.
In one year, the US debt situation deteriorated considerably with the war in Ukraine and the pace of this deterioration even accelerated.
Often surprised by the very approximate comments of my interlocutors when we talk about the American debt and the main creditors of the USA, I will therefore try to provide an updated update on the question in the following lines.
The total US debt includes: the debts of households, companies, the 50 states of the union, local institutions, financial institutions and finally the federal debt.
As of August 29, 2022, this total US debt amounts to 102 billion dollars, i.e. 015% of US GDP, 372% of world GDP, 97 times French GDP…35
It has therefore increased by nearly 10 billion dollars in 000 year (since my last update on August 1, 17), much faster than the three previous years when the annual increase was only 2022 billion dollars per year…)
Of this considerable amount, the federal debt, that of the US State, which is most often talked about in geopolitics, is only $32 billion, an increase of $817 billion in 2163 year, or 1%. of US GDP on August 121,8, 29. It was only $2023 billion (22% of GDP) in June 356.
It continues to grow at the rate of 5,6 billion dollars per day (average over the last 12 months). We realize on this figure alone that US military and financial support for Ukraine can only be achieved through a continuous and significant increase in debt, which led the rating agency Fitch to downgrade the economy's rating. US, after the Standard and Poors agency which had already done so in 2011 and the Chinese agency Dagong which had done so in 2018.2
This federal debt is, for 76,9%, held by the Americans themselves (pension funds, citizens' savings, insurance companies, private or state financial institutions). The question is no longer whether this operating system of the US economy based on an ocean of debt will collapse, but when.
Foreign creditor states hold only $7563 billion in US federal debt as of June 30, 2023 (last known figure), i.e. 23,1% of US federal debt. This proportion of US debt held by foreigners is now falling, probably due to a lack of confidence in the creditworthiness of the debtor country (the USA) and the fear of many countries of having their assets frozen in the event of US unilateral sanctions. It is both a little and a lot, especially in the event of a global economic crisis resulting from a US bankruptcy.
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Prohibited banking
International Network - August 12, 2023
Banned from banking: how to benefit from banking services in the event of the closure of your account?
For a registered customer, in the best case, his bank, the one at the origin of the sanction can only content himself with restricting his banking services. In this way, he will still have his bank account active, but he will only have access to basic services. Still, for certain reasons or in certain specific cases, the bank may prefer to close the account of the client at fault. Fortunately, filing does not imply that you are excluded from banking. You can very well open a new account with another structure. Here are some tips on just that.
Claim your right to the account to get a new bank account...
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Commonwealth Bank cuts cash withdrawals and deposits
International Network - Jul 28, 2023
Cash in danger.
In many branches across Australia, Commonwealth Bank has decided to abolish cash withdrawals and deposits. These branches of CommBank have therefore become “cashless”. Earlier this year, ANZ (Australia and New Zealand Banking Group) said it had also phased out cash.
Withdrawing money is getting harder and harder in Australia
Commonwealth Bank has opened a number of 'cashless' branches with customers who can no longer access their money in cash. Cash over the counter transactions are not available at these branches, including Commonwealth Bank Place which is in central Sydney. Same situation in Brisbane and Melbourne. These cashless branches are called “specialized centers”.
Deposits and withdrawals can still be made through on-site ATMs, but for those who don't have their bank card handy, things get much more difficult. "Card-free cash" withdrawals of up to $500 per day using the CommBank app are available, but for those who need more funds or don't have their phone with them, their cash is not accessible.
In March, another banking group did the same: the Australia and New Zealand Banking Group announced that it was cutting some of its services and that some branches would no longer have cash. He did not, at the time, reveal which branches would be affected, but insisted it would be only a “small number”.
This dominance of digital banking raises concerns that society has become too dependent on potentially vulnerable systems
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Cash+, the digital crypto-euro unveiled, a digital ticket that is useless!
Insolentiae – June 29, 2023
I will let you read the latest speech by the Governor of the Banque de France who unveiled the name of the future European crypto-currency, “Cash+”.
It's nice to have Cash +, it's cash, but in a more… “more better” version, I suppose, as my children say.
But between you and me, what is the use of such a “digital” central bank currency, since our euro is in fact very largely dematerialized. Between our payments by credit card, “contactless” and the transfers we make to each other, cash only represents a very negligible proportion of our exchanges.
So from you to me, for us, the people, SMEs, or even larger companies, this new "cash+" thing has absolutely no interest is it's rather "hide+" because yes, things are hidden from us !
These things that are hidden from us are very easy to understand and are expressed in half-words by the Governor of the Bank of France.
What is hidden from us and what is not discussed obviously revolves around privacy and above all control and surveillance.
In the words of the Governor of the Banque de France, "Cash+" will bring significant advantages over banknotes: it will allow everyone to use central bank money in e-commerce, for remote payments between peers (peer-to-peer), as well as for conditional payments. »
Officially, as you can see, these are e-banknotes that you can therefore use for your online payments. Online payments that we make today without any problem with our current means of payment.
Once again, this e-ticket, this central bank crypto-currency does absolutely nothing. It brings us nothing or so little that our authorities must not bother to such an extent to set it up for us.
So if this is not of much use to us, but they are very keen on it, it is because the advantages are not necessarily for the population, but for the monetary and banking authorities (without forgetting the political authorities), because in the long term, the elimination of physical cash is obviously a reduction in costs. It is also the establishment of monetary control making tax evasion almost impossible. It is also in an extreme view, the monetary component of potential social control as in China. Your digital wallet, like your health pass, can be deactivated, recharged, or limited. We could even delete it for you.
In short, the potential drifts are such that it is a subject which obviously deserves a national democratic and philosophical debate.
Here is the text of the Banque de France source speech here.
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The Great Exodus of American Bank Deposits
The Great Exodus of American Bank DepositsPlanetes360 - June 27, 2023
The great exodus of American bank deposits: a record flight of 79,16 billion dollars in one week.
A recent financial analysis indicates that US citizens are withdrawing huge sums of money from their bank accounts. According to updated statistics from the Federal Reserve System of Economic Data (FRED), as much as $79,16 billion left US bank accounts between the start of the month and June 7. The flight of deposits is a real turnaround after two weeks of inflows.
An unprecedented wave of withdrawals
In fact, the United States is experiencing a veritable wave of cash withdrawals from its banks. Indeed, last year saw a staggering $803,73 billion withdrawn from customer accounts. This is a real record in the history of American finance.
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Total bank deposits falling in the United States!
Insolentiae – May 16, 2023
I'm not talking to you about bank deposits in regional banks that would take shelter in big banks, those too big to fail for example, no, I'm talking about total bank deposits.
I'm talking about the total amount held in banks by Americans.
This amount is falling.
And that's quite logical. For what ?
Because there are fewer loans granted, in particular by the regional banks which are suffering.
Thus, the credit you take out, for example, to buy your car or your house, is a deposit for the one you pay.
Less credits = less deposits.
I buy your house with money that I don't have and I borrow, but when I buy your house, I give you the money right away, even if it takes me 20 years to pay it off. the bank !
Less credits = less deposits.
It also works with the car you are going to resell, or of course with the machine supplier for a company that will buy its new machines on credit and the manufacturer will collect the amount immediately.
Credit makes deposits in large part.
