Sunday 17 March 2013

Saxo Bank CEO: "This Is Full-Blown Socialism And I Still Can't Believe It Happened"

www.zerohedge.com - Submitted by Tyler Durden

Authored by Lars Seier Christensen, CEO Saxo Bank; originally posted at his blog at TradingFloor.com,
It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors' money and 9.9 percent of big depositors' funds is without precedence that I can think of in a supposedly civilised and democratic society. But maybe the European Union (EU) is no longer a civilised democracy?
I heard rumours about this when I visited Limassol last week, but dismissed them as completely outlandish. And yet, here we are. The consequences are unpredictable, but we are clearly looking at a significant paradigm shift.
This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. Although the representatives at the bailout press conference tried to present this as a one-off, they were not willing to rule out similar measures elsewhere - not that it would have mattered much as the trust is gone anyway. It is now difficult to expect any kind of limitation to what measures the Troika and EU might take when the crisis really starts to bite.
If you can do this once, you can do it again. if you can confiscate 10 percent of a bank customer's money, you can confiscate 25, 50 or even 100 percent. I now believe we will see worse as the panic increases, with politicians desperately trying to keep the EUR alive.
Depositors in other prospective bailout countries must be running scared - is it safe to keep money in an Italian, Spanish or Greek bank any more? I dont know, must be the answer. Is it prudent to take the risk? You decide. I fear this will lead to massive capital outflows from weak Eurozone countries, just about the last thing they need right now. Even from the EU as a whole, I suspect, as the banking union is in place in most countries already.
Another open question is what will happen to the huge number of brokerages based in Cyprus? There is about 100 or more FX and other brokers currently operating under the relatively light Cypriot regulation. How will this impact the trustworthiness of these many small institutions? What IS the exact impact on the client deposits they might be holding in Cyprus? Will anyone dare to do business with them going forward?
This is a major, MAJOR game changer and the fallout will be with us for a long time to come. I believe it could be the beginning of the end for the Eurozone as this is an unbelievable blow to the already challenged trust that might be left among investors. Talk about a possible own goal.
Market reaction? it must be very good for gold - and for safe-haven countries like Switzerland, Singapore and economically more healthy non-Euro countries in, for example, Scandinavia. I would think the EUR and associated markets will be undermined by increasing lack of confidence when the full implications become clear for investors.
This is full-blown socialism and I still cannot believe this really happened.
Be careful out there...

Thursday 14 March 2013

Ben Fulford (Mar 11 2012) ~ Asian Or Roman Pope Next? Also, North Korea Seeks Political Union With South

Benjamin Fulford

This week the papal conclave starts and two well-connected insiders each have a different version of who will be pope. A senior member of the Italian P2 Freemason Lodge and of the Teutonic Knights says that, in a move to court Asia, the next pope will be Cardinal Louis Antonio Tagle of the Philippines. However, a European based CIA source says it will be a Venetian nobleman by the name of “Anthony Scola [the Cardinal of Milan], count on it.”
While this is going on, North Korea is making public nuclear threats to South Korea while secretly proposing a union between North and South Korea with Northern political leadership and Southern economic control, according to Japanese military intelligence and North Korean yakuza sources.
The Sabbatean Mafiosi, who were pushing for a unified Muslim/Christian one world religion secretly controlled by Satanists are, for their part, still desperately trying to start World War 3 in the Middle East, this time by using a false flag chemical weapons attack in Syria, according to Mossad sources.
There is also a squad of cabalist assassins stationed in Rome now trying to make sure certain large drug money laundering institutions like Bank of America,
Baine Capital, Mellon Bank and some other major Chicago mob (Obama) interests are not bankrupted by reforms to the BIS and the Vatican Bank, according to a P2 Lodge source. With the criminal persecution of former Prime Minister Berlusconni and the fall of the Bush family and their ally Ted Turner (of CNN), among others, these “Khazarian Mafiosi” are like cornered, dangerous animals, the source adds.
If the reformist faction of the Vatican succeeds in selecting Cardinal Tagle, who is of mixed Castilian, Chinese and Philippino descent, then there could be trouble. Tagle is one of only two candidates for Pope who has not been implicated in sexual scandals, according to a group representing victims of sexual abuse by priests.
http://www.telegraph.co.uk/news/religion/the-pope/9917261/Only-two-papal-candidates-clean-of-sex-abuse-scandals-says-victims-group.html
Tagle is also backed by the just retired pope, “those that count among the curia,” and the old Genovese banking aristocratic families, according to an Italian aristocrat. He would be certain to reform the Vatican Bank and thus put an end to money laundering at this institution. This would be part of a push to force all of the world’s banks to accept Basel III reforms and would put an end to large scale illegal financial activity by Khazarian mobsters.
Scola, however, represents the “Merchants of Venice” group of old Italian black nobility including the highly secretive Del Banco family (the original banksters), according to MI5 and Japanese underworld sources. Some of the Del Banco family changed their name to Warburg a long time ago and were among the principal founders of the Federal Reserve Board.
Recently some members of the Warburg family have been found hanged in apparent “suicides,” according to MI5 sources.
If money laundering is completely stopped at a high level by the BIS and the reformed Vatican bank, then the $2.5 trillion per year, mostly Sabbatean mafia controlled, illegal drug business would be in serious trouble.
Since these people have a fleet of submarines at their disposal and still have at least three 500 kiloton class stolen nuclear weapons it is conceivable that they would react to the announcement of a truly reformist pope by blowing up Rome. That would fit with the prophecies of St. Malachi (possible origin of the word “malarkey?”) but would be a major tragedy for humanity as a whole.
On the other hand, selecting an Italian as Pope would anger the vast majority of the world’s Catholics who are anxious for a non-European pope and real reform of that troubled institution.
The political situation in Europe is also moving rapidly against the old world order a man like Scola would be seen as representing. Turmoil there is intensifying by the day, with the latest being the rise of an anti-Euro political party in Germany.
The legal moves by the owners of the historical treasures that have been illegally used to support the Euro are also coming to a head and will make sure the status quo ante cannot be maintained.
The British Commonwealth also put out a signal against the cabal last week when Queen Elizabeth announced “core commonwealth values,” agreed to by 54 nations (population 2.5 billion people) of the commonwealth. “This is a clear sign that the Commonwealth is not dead,” an MI5 source said. “This could help with a major re-balancing in Asia to reduce cabal and EU interests,” he added.
That is why the Khazarians (Sabbatean Mafia) are so desperate to start a big war to try to avoid their impending doom.
This brings us to the threat of an invasion of Syria by Turkey, Israel, Jordan and the United States in response to a false flag chemical weapons attack as advertised on the Mossad linked website Debka.
http://www.debka.com/article/22811/Joint-US-Israel-Turkish-Jordanian-HQ-to-operate-in-Syria-in-chemical-war-
However, the Russians have clearly drawn a line in the sand at Syria and the Pentagon has repeatedly rebuffed cabal attempts to start World War 3 in the Middle East. The Jews in the United States are also sick and tired of the criminal activities of the rogue Netanyahu gangster regime in Israel.
It is worth remembering that the symbol of the flag of the rogue state of Israel is the star of Lucifer and that the mobsters who put that symbol of the flag have been weapons, slave and drug dealers for thousands of years.
Right now, for example, they are using their mercenary war to against Syria to get slave girls. “The girls are being trafficked by the Jordanians to the Saudis, Qataris etc.,” says a Western diplomat just returned from a visit to a refugee camp in Syria.
In Afghanistan too, President Kharzai last week openly accused the US military of collaborating with the Taliban, in a move that was definitely not part of the script he was supposed to read to the assembled corporate slave press.
http://www.bloomberg.com/news/2013-03-10/karzai-accuses-u-s-of-taliban-collusion-as-hagel-visits.html
Everybody who still has an independent working brain and pays attention knows the US military is in Afghanistan waging a fake war with their Taliban allies to support the $500 billion a year Sabbatean mafia run heroin business there.
The situation in Asia, meanwhile, centers on negotiations between China, Japan, ASEAN, South Korea, North Korea and Taiwan to promote greater regional political and economic integration.
As a part of this, North Korea has been using its US supplied nuclear weapons as a bargaining chip to force an end to the artificial division of the Korean peninsula. They are proposing a North-South link based on Northern political control and Southern economic control.
The Chinese are also adamant that the Okinawan archipelago was part of China until Japan seized the islands in 1895. The White Dragon Society is proposing that Okinawa once again become an independent kingdom and that both China and Japan pay for a US military presence there to maintain the neutrality of the Islands. Okinawa could then become Japanese/Chinese free trade zone as it has been historically.
Of course, Japan will have to remove the Sabbatean slave politicians still in power here before such a deal could become possible. That in turn will await developments in the West. The horse trading continues.