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Posts tagged ‘Switzerland’

World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies”

I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower.

It was a powerful conversation, as Karen spent 20 years with the World Bank as an attorney and economist, before being “let-go” after reporting internal fraud and corruption.

During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals.

Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by three [Swiss] systems analysts who used mathematical modeling [shows]……..

full article at source: http://bullmarketthinking.com/world-bank-whistle-blower-precious-metals-to-serve-as-an-underpinning-for-paper-currencies/

Up date from Lubeck 2.04.2012

Last evening , I got a real shock .I was invited by my next door neighbour   to a glass of wine  as we discussed the general financial health of Germany I was shocked to hear that he was going to have to pay (wait for it ) “Rain tax” Yes you heard it here first Germany is introducing Rain tax. Households will be charged for the collection of rain water and this must be done by putting in place a collection system for this water that will separate it from the waste water coming from washing machines and toilet and shower waste water. This is apparently a new rule coming from Europe and the Germans public have already accepted that this has to happen. I asked some friends about this and they were not fazed by this new tax.

Last Wednesday I went to my local “cafe Central “for breakfast apart from the charcoaled bacon the breakfast was fine I am able to browse the web with my I- Touch and with an app called “face time” I am if I am lucky call up my daughter Lauren and talk to her for free .But she has to be near a wifi hot spot to receive my call on her I-Touch .

On Monday  I heard over the radio that in one day 11,000 people were to lose their jobs as a large company went into bankruptcy ( A Company called” Schnecker”) also in the news was the constant increases of petrol .Sometimes the price can change two or three times in one day at the petrol stations .The last I saw the price for petrol here was 1.69 – to 1.71  but I have seen it even higher ,again I have asked fiends about this but they just say that is the price they must pay .What a compliant bunch?

Friday afternoon the German Bundesbank  refused to accept Greek, Irish or Portuguese sovereign/bank bonds. This is a severe blow to the Euro zone which will have massive repercussions. I haven’t heard anything in the main media about this development but believe me we are about to see the S*** hit the fan! If you are in Bank stocks get hedged now!

Last Saturday we had a demonstration hear in the town of Lubeck by the local Nazis, apparently it was 70 years ago the RAF bombed the city in preparation of a much bigger attack on Hamburg later on .The Locals seem to want to ignore the Nazis and some of the churches has counter demonstrations arranged .I went into one of the largest churches here called the Marine Church. Seventy years ago the building was badly destroyed and the bell tower was destroyed .One of the bells fell to the ground and it was decided to let it stay where it fell and to this day it still is to be seen where it fell (see photos) This church took 100 years to build in the first place and after the war it took I am told nearly twenty years to rebuild..

The local council are busy getting the town ready for the hordes of tourists that will be coming to Lubeck from May on and I got a taste of what Lubeck is Like when the sun comes out ,believe me it is wonderful ,cafes everywhere and the fabulous old buildings give a medieval feel all around the town. The last few days we had a change in the weather, strong cold winds swept around the town and I had to don my winter coat once again .To-day Monday the 2nd April is a cold day and overcast .

Just listening to the news and we have a scandal of German Finance spies been caught having bribed bank staff in Switzerland .The boys have lodes of data on tax evasion of rich Germans who were trying to hide their millions from the German tax system .I wonder if the Irish government would do something like this to go after the millions that have been hidden by rich Irish developers in Switzerland?  Fat Chance!

More to come in next posting!

19.30 Up date

Believe it or not, my crock of a bicycle was stolen from outside the local folk’s schule in the Hux Str, what a bummer!

Machholz

Germany profited in boom so must deal with the bust!

By David Mc Williams

It is now down to Germany. Does it want to save the euro or not? If it does, it will have to underwrite the Irish along with the Italians, Spaniards and a few others besides, not to mention the Greeks.

If it doesn’t want to save the euro, it will have to deal with a rapidly rising new deutschemark, which will soar in value against every currency — not just in Europe but against every currency in the world. In fact, the blueprint for Germany is Switzerland, and last week the Swiss National Bank responded to the rising Swiss franc by capping its rapid appreciation because it is hurting Swiss industry. A post-euro Germany with the new deutschemark would be like the Swiss Franc on steroids. It would be like a massive Switzerland in the heart of Europe with a hugely overvalued currency.

full article at source: http://www.davidmcwilliams.ie/2011/09/14/germany-profited-in-boom-so-must-deal-with-the-bust?utm_source=WebsiteSubscribers&utm_campaign=02a50fdec3-Weekly_Roundup_10_August_2011&utm_medium=email

 

Comment:

Germany :Should I stay or should I go???

Swiss Government Ruins Franc

by Staff Report at the Daily bell

The Swiss franc tumbled against the euro and dollar on Tuesday after the Swiss National Bank   set a minimum exchange rate target of 1.20 francs per euro to combat the strength of the   currency, which it says poses a risk to the economy.  – UK Telegraph

Dominant Social Theme: The Swiss, gallantly, will do whatever they need to in order to defend the euro, even if it means debasing their own currency.

Free-Market Analysis: Switzerland is one of those rare European countries that are doing relatively well in a time of international economic crisis. But doing well is not something that can be tolerated in the “new” Europe. The Swiss have come under enormous pressure on a variety of fronts to make their sociopolitical environment conform to the larger dysfunction of the EU – and now they’re ruining their currency at the behest of Brussels.

full article at source:http://www.thedailybell.com/2888/Swiss-Government-Ruins-Franc

The rent our Government is paying Treasury Holdings

By paul maher

The rent our Government is paying Treasury Holdings (aka Johnny Ronan) for the new Convention Centre is €25 million per annum for the next twenty years. That’s €500million. This would make a significant dent in the nearly €1 billion (MoS) of Treasury debt that NAMA (We) took over.Lawyers would rightly claim reneging on this rent would be illegal. But the rule of law and the “Democratic” will of the people (remember Lisbon II ?) have been subverted and trampled into the ground by successive Bertie & Biffo led FF governments. With that in mind, I say “Go ahead! Divert the funds” into Government coffers along with the “sheltered” monies from other dodgy developers/builders/bankers.

As expected, this Government has turned out to be no different than the previous three. They promised to represent the “People” when in fact they now cowtow and genuflect to everyone and everything from the likes of Merkel, Sarkozy, Rehn, Johnny Ronan & Seanie Fitz, to the ECB/IMF, Goldman Sachs, Deutsche Bank et al. Politicians are a global plague. If we can’t eradicate them, let us at least control them. In Switzerland, the People are in charge. We could do worse than follow their example!

Paul Maher,

Castle St., Roscrea,Co.Tipp

 

The response to Europe’s banking crisis

Dan O’Brien Economics Editor with the Irish times writes in to-days Irish Times the following

ANALYSIS : The response to Europe’s banking crisis raises issues over its ability to deal with the threat

WHEN CENTRAL banks start lending money to each other, things are usually grim. The last time it happened in large amounts was in October 2008. Then, the West’s financial system went into cardiac arrest following the collapse of Lehman Brothers.

It was revived in the nick of time but now is suffering the sort of chest pains that could be an indication of a second full-scale arrest in the offing.

The US central bank has lent its Swiss counterpart €200 million so the latter could lend it on to its banks. Separately, one euro area bank has tapped the European Central Bank’s (ECB’s) dollar stash to the tune of $500 million (€347.5 million). All this shows some European banks can’t borrow dollars in the normal way – on the markets – because their peer institutions fear they won’t get their money back.

full article at source:http://www.irishtimes.com/newspaper/finance/2011/0820/1224302758446.html

A Phony EU Crisis

by Staff Report at the Daily Bell

Now a deal has been struck to “save” Greece (though it is the banks that are being saved yet again, not Greece). The Germans won’t like it as Merkel seems now to have committed them to guarantee, at least informally, hundreds of billions of euros in PIGS assets. But apparently whether the “little people” like something or not doesn’t matter now in this “new” world.

The only danger is over-reach. The crisis, long expected, may still spin out of control or prove insoluble. But there is no doubt the Eurocrats expected this crisis and planned for it. The idea was to use its chaos to create a closer European federation and that is just what they’re trying to do. Out of chaos, order …

The elites that stand behind the EU are trying to build a one-world order, and they will stop at nothing to get it. The same thing is going on in the US with the debt crisis. An orchestrated agenda. The Americans will eventually get European-style austerity. They simply don’t understand the ramifications yet.

These economic crises cannot be pure happenstance. We’ve suggested they can spin out of control, and perhaps they will; but they are all manmade events, the direct outcome of economic constructs and policies of enormous wealth and control. Somebody set up the 100 central banks around the world that report directly to the Bank for International Settlements in Switzerland. These are quasi-private entities, many of them. Are we supposed to believe that no one takes a profit on them? That there is no way they compensate their creators?

The money and power is unimaginable. The BIS controls the central banks that in turn control the big banks around the world. The stock exchanges with their endless mergers are controlled as well; and the bond markets, it seems. If the elites control the banking industry – and they do – then they must also control currency markets – at least to some extent. And we are supposed to believe that Greece, little Greece, caused such havoc with this financial system that Merkel and Sarkozy had to meet to save it in the nick of time?

Increasingly, we don’t believe it. The entire amount of the Greek default is in the low hundreds of billions. That’s pocket change for these trillionaire, globalist banking families and their corporate, religious and military enablers. It’s walking-around money. They can spend more than that in a day, an hour even.

read full artical here at source:http://www.thedailybell.com/2713/A-Phony-EU-Crisis

 

 

 

Switzerland, have rejected proposed bans on assisted suicide

Voters in Zurich, Switzerland, have rejected proposed bans on assisted suicide and “suicide tourism“.

Some 85% of the 278,000 votes cast opposed the ban on assisted suicide and 78% opposed outlawing it for foreigners, Zurich authorities said.

About 200 people commit assisted suicide each year in Zurich, including many foreign visitors.

It has been legal in Switzerland since 1941 if performed by a non-physician with no vested interest in the death.

Assistance can be provided only in a passive way, such as by providing drugs. Active assistance – helping a person to take or administer a product – is prohibited.

‘Last resort’

While opinion polls indicated that most Swiss were in favour of assisted suicide, they had also suggested that many were against what has become known as suicide tourism.

Many citizens from Germany, France and other nations come to die in Switzerland because the practice remains illegal abroad.

One local organisation, Dignitas, says it has helped more than 1,000 foreigners to take their own lives.

Another group, Exit, will only help those who are permanently resident in the country – saying the process takes time, and much counselling for both patients and relatives.

Assistance can be provided only in a passive way, such as by providing drugs

Its vice-president, Bernhard Sutter, said the result showed Swiss voters believed in “self-determination at the end of life”.

The referendum had offered a proposal to limit suicide tourism, by imposing a residency requirement of at least one year in the Zurich area in order to qualify for the service.

It was backed by two conservative political parties, the Evangelical People’s Party and the Federal Democratic Union.

But the major parties of the left and right, including the Swiss People’s Party and the Social Democratic Party, had called on their supporters to vote against both motions.

The BBC’s Imogen Foulkes, in Geneva, says the size of the vote against a ban on assisted suicide reflects the widely held belief among the Swiss that is their individual right to decide when and how to die.

Their rejection of the proposal to limit assisted suicide to those living in Zurich shows that concerns about suicide tourism carry less weight with voters than their conviction that the right to die is universal, our correspondent says.

But the debate in Switzerland will continue, she adds. Polls show voters do want clearer national legislation setting out conditions under which assisted suicide is permitted.

The Swiss government is planning to revise the country’s federal laws on assisted suicide.

It has said it is looking to make sure it was used only as a last resort by the terminally ill, and to limit suicide tourism.

Source:http://www.bbc.co.uk/news/world-europe-13405376

Comment:

I think the above picture says it all for me.

I used to know a lady livening in a basement flat, She had lived there since the 1940’s and I would say she was in her late 80’s.She suffered in her last years from bad health but every time I called into see her she would always grasp her front door keys and say as long as I have these (Keys) I have my dignity .I suppose she was saying as long as I am independent, I am responsible for myself and she felt respected .She used to say life is but a train journey ,we are all on this journey and we all see other people getting off at the various stops and sometime soon we will come to my stop .That to me is the essence of the one true religion .She died surrounded by her family and she is so missed every day!

Bottom line .We as independent people should have the right to decide when ,where and how we die .

Swiss bank accounts targeted by Revenue

By Emmet Oliver Deputy Business Editor

Thursday April 21 2011

The Revenue Commissioners are investigating 3,600 Irish firms and individuals who have bank accounts in Switzerland and Liechtenstein to make sure tax has been paid on the money.

Some of this group have recently received letters from the Revenue challenging them on where the money originated from. “This is an ongoing investigation,” said the Revenue yesterday.

The organisation, which published its annual report, got a tip-off from another country about bank accounts in Switzerland held by Irish residents, but declined to name the country.

However, last year it was revealed that the German government paid money to buy a computer disc with the names of thousands of people with secret Swiss bank accounts.

All the Irish Revenue would say yesterday was its information did not come from Switzerland itself.

The revelations of a probe into Swiss bank accounts came as the Revenue warned that growth in the “shadow economy” was likely due to the recession. “The biggest risk in the so-called shadow economy is suppression of sales and under-declaration of income,” said Revenue chairwoman Josephine Feehily.

Investigation

She said the Swiss investigation was going on intensively at present. “We have more checking to do before we can say whether those dealings cause us concern or not,” she said.

The Revenue have been hitting Irish banks with court orders to force them to give the Revenue information about transfers between Irish banks and those in Switzerland and Liechtenstein. It is understood some accounts in Jersey and Guernsey are also being examined.

The Revenue made it clear that some of the people involved have already made a disclosure to them in 2004, but others have not and they have received letters.

The Revenue Commissioners also revealed yesterday they were continuing another probe into 300 directors and executives from the banking sector.

To date, €1.3m has been collected on the back of these enquiries, although Ms Feehily played down the scale of activity being investigated, saying much of it related to benefit in kind.

The Revenue are also working closely with NAMA and have collected information on 108 cases. Ms Feehily said what Revenue wanted to know was how certain developers and borrowers financed certain deals and where they got the money to do this. She said her organisation had a very good relationship with NAMA, which is led by former Revenue chairman Frank Daly.

Meanwhile, it has emerged that over 15,000 people and firms can only pay their tax debts by instalment due to the severity of the downturn, the Revenue revealed yesterday.

The Revenue said it had put “payment arrangements” in place for individuals and firms who owe €160m. But it warned that only those who come forward early will get such arrangements.

The Revenue is not meant to be a “lender of last resort”, said the organisation.

During the year the Revenue collected €31.92bn, just 2.25pc ahead of the Budget estimate. Thirteen court convictions for serious tax and duty evasion were taken in 2010.

Audits by the Revenue produced €434m in the year, while other assurance checks, which are less severe than an audit, produced proceeds of €58m.

A senior official has, meanwhile, been appointed to assess any implications from the Moriarty Tribunal report, said Ms Feehily.

– Emmet Oliver Deputy Business Editor

Source: http://www.independent.ie/business/irish/swiss-bank-accounts-targeted-by-revenue-2625866.html

Comment:

I wonder are they going to check out Mr.Noonans accounts as well?

I smell a rat here are we been led up the garden path here? There is enough to go on with the top developers with the likes of Quinn and his pals, and we don’t have to stop there, the top elite all around Irish society have been moving their money to the Swiss banks for the last two and a half years, you don’t really believe that Sean Fitz has only 188 euro to live on a month?  What about the whole sail movement of ill gotten assets to spouses, why is the CAB not called in to investigate these accumulated assets through fraud?  These Assets include the pensions these upstanding members of the golden circle have stashed away .I believe we are been given yet another promise of action against these cute Boys and Gals   but eventually we will get a fat nothing! All pensions should be stopped and the source of the funds that helped to amassed these pension rights should be forensically examined to establish these pension rights were in fact as a result of fraudulent actions by the Beneficiaries of such pensions and the low of the land is that crooks cannot benefit from their fraudulent actions .So Mr. Noonan  call in the CAB  and until their investigations are complete you should not have to payout any state pension to the corrupt politicians ,and gangsters that have brought this country down into this financial hell hole!

By Emmet Oliver Deputy Business Editor

Thursday April 21 2011

The Revenue Commissioners are investigating 3,600 Irish firms and individuals who have bank accounts in Switzerland and Liechtenstein to make sure tax has been paid on the money.

Some of this group have recently received letters from the Revenue challenging them on where the money originated from. “This is an ongoing investigation,” said the Revenue yesterday.

The organisation, which published its annual report, got a tip-off from another country about bank accounts in Switzerland held by Irish residents, but declined to name the country.

However, last year it was revealed that the German government paid money to buy a computer disc with the names of thousands of people with secret Swiss bank accounts.

All the Irish Revenue would say yesterday was its information did not come from Switzerland itself.

The revelations of a probe into Swiss bank accounts came as the Revenue warned that growth in the “shadow economy” was likely due to the recession. “The biggest risk in the so-called shadow economy is suppression of sales and under-declaration of income,” said Revenue chairwoman Josephine Feehily.

Max Keiser 116 (Davos)

Davos, Switzelrand, Klaus Schwab, Founder and ...

Image via Wikipedia

 

 Jan 27 (Reuters) – Left-wing activists claimed responsibility for a minor explosion on Thursday at a hotel in Davos, close to where top executives and world leaders were meeting, but nobody was hurt.

Devin Wenig, CEO of Thomson Reuters’ Markets division, was in a breakfast meeting of senior executives at the hotel when the explosion happened.

“A huge boom went off. The whole ceiling lifted. Everyone was convinced it was a bomb,” he said. “It took a half hour to reassemble the meeting.”

Participants were later told that a boiler had exploded, he added. The Forum’s main programme was not disrupted.

“I can confirm that there has been an explosion in a storage room in the basement of the hotel,” Thomas Hobi, a spokesman for the local police said. “There has been minor damage but nobody was injured.”

Swiss prosecutors said they were investigating the explosion, implying that there might be a criminal motive, but they declined to give further details.

A Reuters photographer said a few police were patrolling outside the building and he could see a broken window but no other damage.

A group calling itself Revolutionary Perspective said in a statement on an activist website it had targeted the luxury Posthotel with a firebomb and said Swiss ministers and representatives of top bank UBS were staying there.

“Our fight against the dictatorship of capital is focused on the social alternative to capitalism: communism,” the group said in the statement.

A spokesman for the World Economic Forum (WEF) said police had made two bomb sweeps of the hotel after a threat posted online. The WEF said in a statement that the blast had been caused by a small firework at the back entrance of the hotel.

“The police is investigating this incident. The hotel is fully operational and accessible,” it said.

The luxury Posthotel is in the heart of Davos village, a few hundred metres (yards) from the WEF congress centre where hundreds of company heads, central bankers and politicians are meeting.

On Wednesday, Swiss police evacuated a building and removed a suspicious object in the town St. Gallen, 80 km north of Davos, after a threat from the same group, saying they wanted to target the opening of the WEF meeting. (Reporting by Silke Koltrowitz and Emma Thomasson; editing by Philippa Fletcher)

We the citizens of Ireland are still waiting for the gangsters from our banks to be prosecuted. Perhaps when the New Government gets in to power we will see these crooks and there political masters face jail time .If I have any say I will not rest until these people and their ill-gotten gains be taken back and they be put into jail where they belong!

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