Topic: Capital controls in Europe, RUSSEL 5000 at record high P/E, Japan close Bankrupt (Read 1769 times)

Ok look, the entire economy since it was decoupled from the Gold standard in the 1970 is now declining since then. Now banks just shamelessly run ponzi schemes, and call that responsible monetary policy...

Look all banks are insured obviously, there is a EU investment insurance fund which insures all bank accounts up to 100.000€ i think and 20.000€ for trading/investment accounts. I`m not sure about the exact numbers but its something like that.
And there is an equivalent in the USA, and pretty much every developed country has insurance for banks.

Ok suppose 1 bank goes bankrupt, ovviously if you had 200.000 € you are fucked, you lost half of it, and you still have to wait like 1 year until the other 100.000€ is refunded to you. So this is why they discourage people from moving big funds, by having 10% comissions on wire transfer and nasty things like that.

But what happense if all banks go bankrupt? Do you think the insurance covers them all? Fuck no, it barely covers 2-3 banks, and thats also up to 100.000€, so the insurance companies have also fractional "insurance" reserves, because they dont expect systematic collapse. They only preparte themselves for average bankruptcies, so they might charge 2-3% premium from banks, but in reality they should charge like 50-60% because the collapse is happening, of course that would annoy banks, but thats the truth.
Maybe they should not run on 0% reserves, and have 100%, then they would not need insurance

So if all banks collapse then the entire system falls down because neither the insurance companies can bail them out, neither the government tax money, and neither the Central Bank, unless they start printing alot of money , which they will....

So my guess is that they will play with the IMF a bit, because they have small leverage and can bail out central banks after they collapse, but i dont think it will last alot longers since not even the IMF can bail out the entire world, so it will most likely collapse.

+1

that's why i have retreive all my life economies in bitcoin value.
i'm not a fool.

i see the picture since the froozen law bail-in concept on december 2013 (if your bank bankrupty ... your bank account is froozen and you NEVER see your life economies = Andore for the last example but portugal/spain is a good example, too).

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Last month, i have pay somes parts from my old car ... 1100 euros.
And you think 1000 euros is high ?

So, you don't have an accident and repair your car ?
It is more than 2000 euros now ... and gess what ? Credit Card restriction per month append for that ...

Yes its happening worldwide. As the global ponzi scheme of the banks collapses, they will try to block people from getting cash, and slowly loot their bank accounts.


It looks like that but it isn't. It is disguised as AML rules, to prevent petty criminals from stealing 1000€? Nah its a joke.

When the real criminals already have millions of $ in their favorite politician's accounts...

Its always easy to disguise it like that but actually its capital control to restrict the herd from accesing their property, while it's slowly getting looted.

Look how many EU banks go bankrupt 1 after the other, if all of them would run on the bank the whole system would fall by tomorrow.

So they have to discourage people from accesing their ponzi investment, otherwise the ponzi scheme collapses, because thats how the global fiat economy works, its a giant ponzi scheme.

I know that he has those theories aswell, i`m not buying those obviously.

However I think that on the economy he is right. Atleast read the article objectively.

It's an illusion if you dismiss the article just because he had some weird theories in the past.

 As I told judge the article not the man writing it.

Those are all anti fraud/anti tax evasion/anti money laundering measures, not exactly what we usually call capital controls, you can still use all your money, just not all payment methods are available, if you want to call that capital controls that's fine.

Same thing in the USA if i deposit more than $6,000 the IRS is informed. At the airport $10,000 is most you can carry and withdrawing more the 5,000 with out a business account they ask a lot of questions.

When you arrive at an airport in France, there's a warning that the maximum sum you can legally carry is €10,000. Also, if you go to a French bank, the people there will look at you with suspicious eyes if you want to withdraw more than €1,000 cash.

David Icke? The alien reptilian elite guy? Seriously?

Dude, I want bitcoin to be successful as much as the next guy here, but I'm not gonna listen to crackpots and/or some obscure tabloids.

Those kind of prophets of the apocalypse always existed and they always have something to sell you, and they are always wrong!

Wtf man, the main beneficiary from all of this will be bitcoin & precious metals.

Sure you are not against bitcoin aren't you?

There is just no other counterbalance agains this massive collapse & hyperinflation that will happen soon, so every rational person will invest in bitcoin. And since the wealth is in mostly intelligent billionaires hands, i bet they would give up their keynesian ponzi and flee to crypto currencies. (or they will try the IMF Special-Drawing-Rights, maybe  )

Enjoy your new riches then, I prefer not to waste my time with crackpots and tabloids.

Well judge the fact's not the person. I know Icke has some unusual theories, but his theories about the economy are certainly right.

Zerohedge might be a bit sensational, but it's also factual and has sound info.

And my anecdote, weather you believe or not, you will find out soon.

See most people don't recognize that the boat is sinking until your feet get's wet, but by then it's too late and you deserve the consequences of not being prepared

Like many people ridiculed that the Titanic cannot sink, and yet it did. I bet many people questioned it's sinking while it was half underwater, that's the level of delusion nowadays when we talk about economics.

And it's always the fool now that get's rich in the end, and the genius now will lose all his money soon

ZeroHedge?

David Icke?

Those are your sources of information?!

Plus, a limit for cash transactions is not capital controls, your little anecdote also not credible information....

He cannot move his funds entirely. Neither cashing out (though who would cash out 250.000€) and neither wire transfering it.

And now that they audit/investigate his account, its already freezed, however he is a legitimate business owner, done nothing shady, I personaly know him.

So the tyrants disguise capital control into anti-money laundering investigation, to brainwash the sheeple that this is all done to catch criminals bla bla (when most politicians are already involved in some maffia business AND THEY NEVER INVESTIGATE POLITICIAN ACCOUNTS, I WONDER WHY ?) , so that they can push their 0% interest rate agenda, and prevent people from cashing out (because they dont get any return at all) so that the banks can run their ponzi scheme a little bit longer.

A brilliant move, and the stupid sheeple doesnt recognize the real criminals here...the tyrants from the EU and the thieves from the ECB.

  well, with 1 month and all cash ATM in switzerland ... you can retrieve the 250k euros in bitcoin.  
open a credit card account, transfer (in the same bank in swiss), the sum ... and convert to bitcoin with train to all ATM bitcoin in switzerland.

http://coinmap.org/

http://www.sovereignman.com/trends/more-capital-controls-as-france-declares-war-on-cash-16658/

http://www.zerohedge.com/news/2015-03-23/fighting-war-terror-banning-cash

http://www.davidicke.com/headlines/tag/capital-controls/

http://www.businessinsider.com/capital-controls-leak-in-greece-is-about-internal-politics-2015-2

In Italy i guess it's not formally announced yet, however I had an aqaintance who has a factory in Italy and tried to wire transfer 250.000€ back to Switzerland and the bank wouldn't let him, they now started an investigation on him, which will last atleast 6 months (althougn he is a nice guy , and not involved in anything dirty, so this investigation is only a "facade" , they disguised CAPITAL CONTROL into some bogus AML investigation  )

The EU zone is in deep shit now, they want to freeze all money inside it and then loot it all after the boat sinks

recent freeze and delay for high amount of money and control of the bank against selling/buying.
Like house or something between 50 000 and 250 000 euros.

i confirm this since 1 month.

Where did you get this information?

Obviously, as the ponzi scheme collapses they want to steal more money until the ship sinks.

You know a good 20% interest rate will lure people in to deposit money, even at a 10% fractional system, the banks are not in danger because nobody would get his money out.

Instead in a 0% interest rate enviroment (somewhere negative) everyone wants to get his money out because they only lose cos the inflation.
However in a 0% interest rate enviroment they won't let you get out your money, which you have 100% right to access, by law it's your property, so they are literal criminal thieves by not letting you accesing you money, and eventually stealing it to bail out banks.

I wasnt wondered by the capital controls, i was wondered by this thug mentality of the banksters as they steal now more then ever until the ship sinks.

Why is that, he is a very well informed economist that has very good insights into the geo-political & economic situations around us?

They control it with fake derivatives, however their losses has became so big that they have to close the trades, which means that they will more likely go bankrupt and another round of huge bail-outs will happen on Wallstreet, triggering another financial crisis, a bigger one than before.


Japan is near the brink of hyperinflation, the value of the yen is of a toilet paper, literally. I can't even buy a sheet of toilet paper with 1 ¥, so literally its worth less than toilet paper.


What are you smoking?

Yes a few markets go down as they adjust to the ever decreasing purchasing power of the consumer.

But the stock & bond markets where the whales play are constantly going up, for one because they steal more money now than ever before (fractional reserve 0% and borrow at 0% = perfect recipe for thieves)

And for 2 is because the central bank also buys these instruments with the money printed.

The ECB announced that they buy any asset with their QE money, except gold. What does that say?

So just wait until they finish this round of QE they will start another one, maybe this one wont even be enough and they have to double it in the run as Greece has a Damocles sword hanging above them, and its hanging on a string of hair...

Not new. They've recently been tightened, but most of the world's countries have capital controls.

Keiser is an idiot for one.

Yes P/Es are high, but with so much QE, money has to go somewhere, bonds are also at record prices.

If they want to control the price of gold, the price of gold will do what they want.

Japan has been screwed for 20 years, and will be for the next 20 years.  They still basically borrow for free and can print as much as they need.

The world is entering deflation at the moment, that is the opposite of hyper-inflation!

                          love that movie lol

*puts on tinfoil hat*

And how exactly will you extract that money from your trading account when banks now impose capital controls. Yes now they prevent only you taking out cash. Soon they will prevent you changing your native currency into another, like bitcoin.

Also given that many forex brokers go bankrupt aswell, one after another (just like the banks), its unlikely that the investment insurance funds will cover all that, because nobody keeps 100% reserves.

The shit is coming, i`ll buy bitcoin this week until my bank account doesnt dissipate lol 

Meh. I wouldn't really worry. More forex money for me!

■In France and Italy they already start doing capital controls.

■The  RUSSEL 5000 is at record high P/E ratio.

■Wallstreet manipulates gold derivatives by selling them to keep the physical gold price artificially low, however by the end of the year they could settle the trades and will lose tons of money, as the physical gold price could go up by the end of the year!

■Japan's debt is now getting really uncontrollable, they print alot of money, yet their economy still stagnates.

In short global economy is fucked and prepare for HYPERINFLATION!

Keiser Report: Deadly Sales (E737)
https://www.youtube.com/watch?v=MCHJto7UNtw