by John Galt March 26, 2013 20:45 ET If anyone is under the delusion that the seizure of individual and business accounts from the banks of collapsed nation is where the evil and corruption will stop, here’s a shock for the readers courtesy of the Cyprus Mail: Church says it will lose €100m This so-called “bail-in” designed only to protect the hedge funds of the European and British money center banks scalped the one entity which could help the poor during the nations transition…
by John Galt March 23, 2013 17:55 ET From China Radio International English News approximately 40 minutes ago: IMF Blocks Cyprus Bailout Agreement The International Monetary Fund (IMF) is blocking a bailout agreement for Cyprus by insisting the merger of the Mediterranean island’s two largest banks, the official Cyprus News Agency reported on Saturday. The agency quoted a senior official of the Cypriot side in the negotiations with international lenders as saying that “we are not even near an agreement with the troika.”…
By John Galt October 24, 2011 – 11:40 ET Old Matt Drudge went right to the heart of it with this emblazoned on his main page: The story itself from Reuters though, is even more terrifying: Vatican calls for global authority on economy, raps “idolatry of the market” Gee, using the phrase of idolatry of the market sounds almost, well, Sharia like. The article from Reuters has this disturbing quote: It called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction”…
By John Galt October 5, 2011 – 07:20 ET In a story just published by Reuters via CNBC, the statement was made that European banks need at least € 266 billion for recapitlization and that the IMF would engage in assisting the European Union in this effort. As usual, follow the flies. The problem is that the flies circling the B.S. tells the truth about this “story” as the IMF is providing a best case scenario with the € 266 billion figure. Dexia itself would…
By John Galt June 1, 2011 The Reuters headline from early this morning says it all: IMF Not Paying Greek Tranche Seems Certain: Report With this being held from the Greek government, the responsibility for funding becomes the 100% responsibility of the European Union which is already showing cracks with the Fins, Belgians, and some Germans demanding an end to this extend and pretend financing of an entire nation. Soon, very soon, the world will realize that there is a fine difference between solvency and…
By John Galt May 16, 2011 IMF Will Not Force Strauss-Kahn to Step Down (Story Developing) Headline only from CNBC and other wire services. No further details yet. Thank goodness for consistency as banksters don’t do time, their victims do. ********************* UPDATE 1245 ET ******************** Judge denies bond per FBN and CNBC. Guess the obvious hit the Judge’s brain: He’s a flight risk. ************************************************************
By John Galt May 15, 2011 Let the games begin! With DSK, the former IMF Chief, now participating in the exercise program in the New York City police holding cell, Greece has lost a crucial ally in the ability to borrow even more money that they will never repay. Thus this story leaking out to a German newspaper as reported by Reuters is no surprise: IMF has doubts over more credit for Greece -paper The reality is that the only solution is for Greece to…
April 14, 2011 Despite reassurances that they have the massive global financial forest fire under control, reality is speaking with a punishing story from Reuters last night: Banks Face $3.6 Trillion ‘Wall’ of Debt: IMF Published: Wednesday, 13 Apr 2011 | 11:59 PM ET REUTERS The world’s banks face a $3.6 trillion “wall of maturing debt” in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday. Oops. Maybe all those central banksters buying gold and…
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