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