BACKDOC: IS IT ANY WONDER THAT THE ACCIDENT ON PURPOSE FOR A PURPOSE IS FINALLY BEGINNING TO MANIFEST IN GLOBAL SETTINGS? AHHH NO!
THE GREAT REPRICING IS NOW UNDERWAY AS WE HAVE ALL OBSERVED.
THE SOVEREIGN BOND MARKET IS IN TROUBLE GLOBALLY! ASSET PRICES WILL ALSO ADJUST. ALL COUNTRIES WILL RETURN TO THEIR RESPECTIVE CURRENCIES! ALL!
THE IMF JUST WANTS TO GET OUT OF THE WAY SINCE IT NEEDS TO BE PAID BACK. WHAT HAPPENS AFTER THAT? WELL, ENOUGH SAID ON THAT!
LOOK FOR GREECE TO RIDE THE SILK ROAD TRAIN AS WE HAVE TOLD YOU!
LIKE GREECE SAYS, THEY HAVE TO HAVE A SOLUTION TO THEIR DEBT JUST LIKE OTHER COUNTRIES! "THERE IS NO ALTERNATIVE"!
THE TIMING OF THIS IS THE ONLY THING THAT ISN'T AN ACCIDENT. HEE HEE
BACKDOC: THE GLOBE IS IN DEFLATION. THIS IS CAUSING A LIQUIDITY CRISIS AS THE ARTICLES SAY!
IN CHINA ITS SHOWING UP IN HIBOR RATES, IN THE U.S. ITS SHOWING UP IN LIBOR RATES! THESE SHORT TERM LENDING RATES ARE PUTTING PRESSURE ON REAL-ESTATE LOANS.
TRYING TO QUALIFY FOR THEM BECOMES MUCH MORE DIFFICULT AND SOON ALL BUT IMPOSSIBLE!
FINANCIAL GLACIERS ARE ABOUT TO FALL OF IN CHUNKS AS WE SEE HERE WITH GREECE! MORE ARE COMING!
JAPAN NOW HOLDS ALMOST 40% OF ITS OWN BONDS! WOW! THINK HOW MUCH IT HOLDS OF ITS OWN MONEY SUPPLY! THATS NOT TO MENTION EQUITIES IT HOLDS!
JUST THINK, WHAT COULD THEY DO WHEN THEY HOLD THAT MUCH OF THEIR OWN MONEY SUPPLY? MMMM
THIS IS LIKE WATCHING A SYMPHONY! THE HORNS ARE PLAYING, THEN WE SEE THE WOODWINDS CHIME IN! LET'S NOT FORGET THE RHYTHM SECTION.
THEY ARE ALL ABOUT THE TIMING, AND BABY, TIMING IS THE CONCERT IN CONCLUSION!
NOW THAT NEW BEGINNINGS HAVE BEGUN ON THE 8TH ITS ONLY A TIMING ISSUE.
WATCH THE RHYTHM PICK UP GOING INTO THE GLOBAL NEW REALITY ON OCTOBER 1ST AND THE NEW FISCAL YEAR FOR IRAQ AND U.S..
CHINA'S ENTRY OCT. 1ST WILL BRING AN ASIAN SURPRISE TO GLOBAL FINANCES. SOME WILL GO UP, AND SOME WILL GO DOWN!
THE ROTHCHILDS ONLY HOLD 8% GOLD? WHY? GOLD STANDARD AGAIN? NO!
ASSET-BACKED YES! BLACK GOLD IS THE UNIVERSAL CURRENCY AND WILL BE REPRESENTED AS THE NEW RESERVE CURRENCY DISPLAYED AS THE SDR WITH A LITTLE GOLD TO BACK IT! THAT'S THE NEW FINANCIAL REALITY AS I'VE SHARED BEFORE!
THE REST OF THE ROTHCHILDS PORTFOLIO IS IN EMERGING COUNTRY CURRENCIES NOT DOLLARS FYI! OF COURSE WE ALREADY SHOWED YOU THAT ARTICLE A FEW WEEKS BACK.
ITS GOING TO GET REALLY NOISY AT THE END OF THE CONCERT SO YOU MAY NEED EAR PLUGS! HEE HEE DOC IMO
Samson: Greece must nationalize its banking system: Pundit
Thu Sep 15, 2016 9:21AM
Press TV has conducted an interview with Jack Rasmus, a professor of economics at St. Marys College and also author of "Looting Greece: A New Financial Imperialism Emerges," and Bill Still, an economy expert and filmmaker of "The Money Masters," to discuss the demands put forward by the International Monetary Fund (IMF) forcing Greece to carry out labor reforms in order to secure a third bailout.
Rasmus believes Greece should nationalize its banking system in order to have some leverage in the negotiations with the European Commission but Greek Prime Minister Alexis Tsipras and the Syriza Party have never played that card.
“So you would have to nationalize the banking system because that is how ECB (European Central Bank) and the Germans and the Troika puts the screws to Greece every time there is negotiations. They bring their economy to a halt by manipulating the banking system,” he said Wednesday night.
Rasmus said as long as Greece remains within the eurozone, there is no end in sight to the “austerity and economic depression” which characterizes the Greek situation economically today.
Rasmus ruled out the notion of an exit by Greece from the EU similar to that by the UK.
Greece’s exit, he said, would give even more “stimulus” to a breakup of the eurozone.
"Therefore the bankers in Europe will do everything they can to prevent it from doing so and they will try to punish it (Greece as much as they can."
Rasmus further said the International Monetary Fund (IMF) is maneuvering to get out of the three-way deal to “refinance” Greek debt.
He said labor reforms are part of the “ongoing austerity measures” that have been imposed on Greece since 2010 to generate enough income to pay the interest on over 400 billion dollars of debt that the Troika has imposed on Greece.
“This whole labor market restructuring, cutting wages and eliminating unions and bargaining is a development throughout Europe going on right now … it is a product of a failed eurozone, a failed banking union, a failed currency union where countries that are weaker within the union end up with large amounts of debt and inability to finance and pay for that debt,” he said.
Rasmus said the only way out for Greece is to escape the EU and the “dead money” economic system that prevails in the European bloc
It is in the interest of the EU and IMF to keep Greece essentially a “dead slave,” he said, adding the Greek government needs to stop importingand start manufacturing all the basic necessities of life that it needs internally to the greatest degree possible.
Greece one way or another has to declare some form of bankruptcy, renounce its debts, and regain its monetary sovereignty, he said, adding the only way to do that is to get out of the euro and re-introduce the drachma.
"There is no alternative. At some point they are going to have to do it and the sooner they do it the better off they are going to be."
BACKDOC: NO SURPRISE HERE THUNDER! THIS IS THE NEW REALITY TECHNOLOGY! IT WILL IMPACT EVERY ASPECT OF LIFE AND EVERY BUSINESS. THIS WILL BE LIKE THE COMPUTER AGE ALL OVER AGAIN!
Thunderhawk: 'Big Four' Firm KPMG Talks New Blockchain Services Suite
Global accounting firm KPMG yesterday launched a suite of tools designed to help banks and other financial services firms build with blockchain in a compliant way.
A formalization of its work with distributed ledgers, the Amsterdam-based accounting firm that last year generated $24bn revenue, in turn, has expanded its partnership with Microsoft to integrate with its blockchain-as-a-service toolkit.
But as KPMG just so happens to be one of the four biggest accounting firms in the world, its US and global lead for Digital Ledger Services told CoinDesk that the news is about more than simply advertising itself as a lead generator for Microsoft.
Eammon Maguire noted that it's important the firm remain neutral in advising clients, and that KPMG currently has multiple other strategic alliances in various stages of development