Russian Leader Warns, “Get All Money Out Of Western Banks Now!”
A Ministry of Foreign Affairs (MFA)
“urgent bulletin” being sent to Embassies around the world today is
advising both Russian citizens and companies to begin divesting their
assets from Western banking and financial institutions “immediately” as
Kremlin fears grow that both the European Union and United States are
preparing for the largest theft of private wealth in modern history.
According to this “urgent bulletin,” this
warning is being made at the behest of Prime Minister Medvedev who
earlier today warned against the Western banking systems actions against
EU Member Cyprus by stating:
“All possible mistakes that could be made
have been made by them, the measure that was proposed is of a
confiscation nature, and unprecedented in its character. I can’t compare
it with anything but … decisions made by Soviet authorities … when
they didn't think much about the savings of their population. But we are
living in the 21st century, under market economic conditions. Everybody
has been insisting that ownership rights should be respected.”
Medvedev’s statements echo those of
President Putin who, likewise, warned about the EU’s unprecedented
private asset grab in Cyprus calling it “unjust, unprofessional, and dangerous.”
In our 17 March report “Europe Recoils In Shock After Bankster Raid, US Warned Is Next”
we noted how Russian entities have €23-31 billion ($30-$40) in
cross-border loans to Cypriot companies tied to Moscow, and €9 billion
($12 billion) on deposit with Cypriot banks [as compared to the €127
billion ($166 billion) being kept in similar circumstances by 60 of the
United States largest corporations in offshore accounts to avoid paying
American taxes] which are in danger of being confiscated by EU banksters.
Unbowed by the misery they have inflicted upon the entire continent, however, and in spite of Russian warnings,European Union officials hardened their stance against
Cyprus today by announcing that if the Cypriot government did not allow
the raiding of private bank accounts by Monday they would be forced to
destroy their banks, which remain closed for the seventh straight day
and have no signs of opening soon.
In an editorial agreeing with Russian leaders anger against the EU over Cyprus, Canada’s Globe and Mail News Service further writes:
“The parliament of Cyprus was right this
week to reject a proposal to confiscate money from modest-sized bank
deposits. The idea was a reductio ad absurdum of the euro zone’s policy
on the sovereign debt of some of its member-countries.
It would be better for the government of
Cyprus to default outright on some of its obligations rather than to
seize part of the savings of the proverbial widows and orphans, as well
as retirees or those approaching retirement – while purporting to levy a
tax. This is especially true in a country that has deposit insurance
for up to €100,000, in order to protect small savers.
Until a few years ago, Cyprus – which is
really the ethnically Greek section of Cyprus, the Turkish section being
a de facto protectorate of Turkey – had a fiscal surplus, but its close
relationship to Greece resulted in a downturn when Greece fell into a
severe recession. The government’s debt in itself is still manageable,
but Cypriot banks have become shaky because of their loans to Greece.”
In the face of massive popular outrage,
however, Cypriot MPs spectacularly voted earlier this week against the
EU plan to steal their bank depositors money, thus leaving the Euro Zone
reeling, a situation that was, in fact, created by European banksters
who had forced Cyprus banks to lend money to nearly bankrupt Greece in
the first place.
Even worse may be what is in store for the Americans, who on 31 January lost an unlimited US government guarantee that
was granted on over $1.5 trillion of their bank deposits during the
2008 financial crisis to assure skittish customers that their cash was
safe.
According to Kremlin sources, though,
President Obama’s sudden visit to Israel this week, the first he has
made since being elected in 2008, was to personally warn top Israelis of
his regimes “plan” to begin confiscating his citizen’s bank deposits
too.
Interesting to note is that the Obama
regimes “master plan” to steal their citizen’s wealth that is no longer
protected was detailed by the global management consulting giant, and
the world’s leading advisor on business strategy, The Boston Consulting
Group (BCG) who in their 2011 September report titled Collateral Damage: Back to Mesopotamia? The Threat of Debt Restructuring warned
of the US governments plan confiscate up to 30% of not just the
Americans people bank accounts, but also of their other wealth.
The highly respected Zero Hedge financial newsletter in commenting on this dire BCG report grimly stated:
“Denial. Denial is safe. Comforting.
Religiously and relentlessly abused by politicians who don’t want nor
can face reality. A word synonymous with “muddle through.” Ah yes, that
“muddle through” which so many C-grade economists and pundits believe is
the long-term status quo for the US and the world just because it
worked for Japan for the past three decades, or, said otherwise, “just
because.”
Well, too bad. As the following
absolutely must read report, which comes not from some trader of dubious
credibility interviewed by BBC, nor even from an impassioned executive
from a doomed Italian bank, but from consultancy powerhouse Boston
Consulting Group confirms, the “muddle through” is dead. And now it is
time to face the facts.
What facts? The facts which state that
between household, corporate and government debt, the developed world
has $20 trillion in debt over and above the sustainable threshold by the
definition of “stable” debt to GDP of 180%.
The facts according to which all attempts
to eliminate the excess debt have failed, and for now even the Fed’s
relentless pursuit of inflating our way out this insurmountable debt
load have been for nothing.
The facts which state that the only way
to resolve the massive debt load is through a global coordinated debt
restructuring (which would, among other things, push all global banks
into bankruptcy) which, when all is said and done, will have to be
funded by the world’s financial asset holders: the middle-and
upper-class, which, if BCS is right, have a ~30% one-time tax on all
their assets to look forward to as the great mean reversion finally
arrives and the world is set back on a viable path.
But not before the biggest episode of
“transitory” pain, misery and suffering in the history of mankind. Good
luck, politicians and holders of financial assets, you will need it
because after Denial comes Anger, and only long after does Acceptance
finally arrive.”
To the evidence that the masses of
Americans or Europeans average citizens will begin protecting themselves
against this apocalyptic outcome their remains little evidence as their
so-called “mainstream” media continues to cover-up this coming
catastrophe. But, and as Russia has now warned, the time for protecting
oneself is fast running out, and the only survivors will be those who
listened.
Source:
www.eutimes.net
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