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Friday, February 21, 2014

Obama's Newsroom Police Are Here!

Russia Prepared To Fight War Over Ukraine, Senior Government Official Admits

"If Ukraine breaks apart, it will trigger a war," warns a senior Russian government official. The FT reports Russia is prepared to fight a war over the Ukrainian territory of Crimea (where the largest ethnic Russian population lives and they have a military base). Conjuring images of the 2008 Russian invasion of Georgia, the official told the FT, "they will lose Crimea first [because] we will go in and protect [it], just as we did in Georgia." The Kremlin regards the Georgian conflict as the biggest stand-off between Russia and the west since the end of the Cold War and it has fed determination in Moscow to push back against what it believes to be western attempts to contain Russia.


If Ukraine breaks apart, it will trigger a war,” the official said. “They will lose Crimea first [because] we will go in and protect [it], just as we did in Georgia.” In August 2008, Russian troops invaded Georgia after the Georgian military launched a surprise attack on the separatist region of South Ossetia in an effort to establish its dominance over the republic.

...

The brief conflict with Georgia pitted Russia indirectly against the US and Nato, which had earlier tried to put Georgia on a path to Nato membership. The Kremlin regards the Georgian conflict as the biggest stand-off between Russia and the west since the end of the Cold War and it has fed determination in Moscow to push back against what it believes to be western attempts to contain Russia.

...

The warning of a similar scenario comes because Ukraine’s civil conflict has fanned tension in Crimea. On the peninsula, located on the northern coast of the Black Sea where Russia’s Black Sea Fleet is stationed, ethnic Russians make up almost 60 per cent of the population, with Ukrainians and Crimean Tatars accounting for the rest.

...

Volodymyr Konstantinov, speaker of Crimea’s parliament, said on Thursday that the region might try to secede from Ukraine if the country split. “It is possible, if the country breaks apart,” he told the Russian news agency Interfax. “And everything is moving towards that.” Russian media also quoted him as saying Crimeans might turn to Russia for protection.

...

The Kremlin has been eager to stress that it is not interfering in Ukraine. ...

However, many government officials say in private that Ukraine falls inside Russia’s sphere of influence. “We will not allow Europe and the US to take Ukraine from us. The states of the former Soviet Union, we are one family,” said a foreign policy official. “They think Russia is still as weak as in the early 1990s but we are not.”
So while some suggest the "agreement" today is great news, we suspect it solves absolutely nothing as the corruption at the core remains and the push-pull of East-West tensions remains as the only thing that matters - it sadly appears - is who controls the pipelines.
Credit to Zero Hedge

Goldman Sachs executive foreshadows next financial crisis





The second most senior Goldman Sachs executive has warned the world risks sowing the seeds of the next financial crisis through regulation aimed at making banks safer.

Gary Cohn, the global chief operating officer of the Wall St bank, today highlighted the risks of rules forcing banks to hold larger capital buffers so they can absorb bigger losses.

Speaking in Sydney, Mr Cohn said that in forcing banks to hold more capital, regulators risked encouraging the unregulated "shadow" banking sector, so it became the next problem.

Tougher capital rules were also holding back jobs growth by choking off lending, and restricting banks' ability to trade in financial markets, he said.
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"If we continue to live in a world where safety and soundness and inflappability of banks trumps everything else, trumps economic growth, and trumps liquidity you are going to continue to see shadow banks grow bigger and bigger until of course maybe shadow banks become the next problem or until liquidity becomes the next crisis," Mr Cohn said.

"We're almost, in essence, foreshadowing the next crisis. The next crisis is likely to be one of three things that we're foreshadowing by what we are doing to banks.

"It'll either be a lack of economic growth and job creation, it's going to be a shadow banking crisis or it's going to be a liquidity crisis."

Mr Cohn, seen as a potential next global boss of Goldman, said rule changes had already caused Europe's market to shift "dramatically."

While the continent had previously been dominated by bank lending, he said it had become a "bifurcated" market where lenders relied on the capital markets if they were strong enough, or shadow banks if not.

He also higher capital hurdles had dragged down liquidity in markets for corporate bonds and shares to "quite shocking" levels.

The consequences of financial regulation is set to be a key topic of discussion at this weekend's meeting of G20 finance ministers and central bankers, in Sydney.

While Mr Cohn's comments were focused on the global economy, big Australian banks lobby for capital rules to be watered down through the government's financial system inquiry.

The Commonwealth Bank last week highlighted the trade off between greater stability and economic growth, saying it should be examined by the inquiry, led by former CBA chief David Murray.

The chairman of the Australian Prudential Regulation Authority, John Laker, dismissed calls for lighter capital rules, saying the local banks clearly had few problems accessing capital.

"Our major banks argue that they... face difficulties in explaining their financial strength to international investors. At first blush it's hard to reconcile this concern with the recent stellar performance of our major banks," Dr Laker said on Thursday.


Credit to The Sydney Morning Herald

Read more: http://www.smh.com.au/business/banking-and-finance/goldman-sachs-executive-foreshadows-next-financial-crisis-20140221-335fa.html#ixzz2txvvBDPD

Dead Banksters


banksters get out of jail card freeAt the risk of sounding elitist, there is something so big coming, so profound, that it could change the course of history, either for the better or for the worse, and most of our countrymen do not possess the knowledge or intellectual capacity to grasp what is coming.
To those of you that still possess the backbone of a man and being someone who exudes the strength of your convictions, you will want to consider the contents of this article and act accordingly.
This article is geared towards self-aware activists, the alternative media and most of all, the veterans. If you are a member of one of these groups, it is up to you to grasp the moment in history in which we live. Eventually, the beer-drinking, dumbed down  Neanderthals will follow your lead because they will want to survive. However, it is up to these groups to set the tone in terms of responding to what is coming. Save your breath preaching to the great unwashed masses. You must move forward and support the forces which are already in play.
Before I reveal the moment in history in which we now live, let me first educate you on why trying to get the masses to follow you at this point is an exercise in futility.

The DMV Is the New Barometer of America

If you want to see just how dumbed down America has become, spend 30 minutes at your local Department of Motor Vehicles (DMV) just as I had to do not so long ago.
To those of us who  live in nice neighborhoods and are employed in a professional environment, you would be shocked by what you’d see at your local DMV. I have subsequently come to the realization that the America that I live in is crumbling under my feet and I have no illusions that this country’s landslide into the depths inescapable poverty will eventually consume me as well. If you do not believe that this will not happen to you as well, you are self-deluded.
The moment I entered the DMV, I felt as if I had somehow taken a wrong turn and ventured into a third world country. These people were people of poverty, low education, lack of opportunity and gross ignorance. These people looked like cut out photos of people, from around the world, that I saw in National Geographic as a kid in which I was reminded of how lucky I was to be an American.
I asked myself, is this the new norm in America? The DMV does indeed represent a cross-section of America and that the cross-section has changed. America is poor, uneducated and  is totally ignorant of the constitutional liberties being taken away on a daily basis by our criminal government which has been hijacked by the bankers. Sadly, most of our people do not understand the difference between Wall Street and Sesame Street as they were barely able to stand in the correct line to get service. The DMV workers dealt with this abject display of mass ignorance by responding to the public in a monotone and robotic fashion so as not to have to succumb to their frustrations in dealing with a dumbed down public.
In the upcoming crisis, most of the public will prove to be useless .

It No Longer Pays To Go To Work

Our banking system, our schools, our healthcare and all of our government bureaucracies are broken. You may be the valedictorian of your local DMV and possess an IQ higher than room temperature, but if you believe in and support the basic structure of society, then you are self-deluded. The system in which we work and invest in is crumbling, and it is crumbling by bankster design. To illustrate the point, let’s just take a look at what a folly it is for most of the middle class to continue to work.
Forget, for a moment the fact that the middle class pays all the taxes in this country, let’s just examine how working yourself to the bone has become an exercise in futility. For if you viewed your labor and time as a commodity, you would never go to work.
Aren’t you tired of working at two and three jobs and still falling further and further behind? When one looks at the facts there is one inescapable conclusion: For the majority of American middle class workers, it no longer pays to work. Obama has so manipulated the economy that it is a fool’s errand to try and compete with the welfare class. Many of them are better off than the middle class.
work
Of all the facts that serve to describe the economic chaos, there is one fact that stands out among all others.
FOR MOST AMERICANS, IT NO LONGER PAYS TO GO TO WORK FULL TIME. THE AMERICAN DREAM IS DEAD AND BURIED
Ninety million unemployed Americans are no longer even looking for work. The next time you go into DMV, please realize that you are subsidizing a drivers license for about half of the people that are in there. You are also paying for their health care, food stamps and shelter. And many of these lower class, poverty-stricken “Americans” are living a higher standard of living than you are and this is by design courtesy of Chairman Obama.
Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania explained, “the single mom is better off earnings gross income of $29,000, courtesy of the federal government welfare programs than is a single mom with and income of $57,045.
Wayne Emmerich found that the family breadwinner who works only one week a month at minimum wage makes 92% as much as the breadwinner  grossing $60,000 a year. Emmerich’s stats demonstrate that by working only one week a month one can save a lot of money in child care expense. But topping the list is Medicaid, which is accessible to minimum wage earners and the program has very low deductibles and co-pays. In short, by working only one week a month at a minimum wage job, a minimum wage earner is able to get total medical coverage for next to nothing courtesy of you and me.
The middle class is not as lucky as the $60,000 breadwinner pays out approximately $12,000 per year in health insurance costs with an addition $4,500 in co-pays. And if anyone in the part-time minimum wage earning family is disabled, SSI pays out an additional $8,088 per year. When one begins to calculate the expenses incurred by a typical breadwinner making $60,000 per year, compared to the part time minimum wage worker, coupled with minimum wage earners tax supported federal bailouts for these freeloaders, the poor have more discretionary income than those who pay the taxes that run the country. And if the part time minimum wage worker is willing to cheat and participate in the underground economy, they will have significantly more discretionary income than their hard-working $60,000 per year counterpart who actually works for a living. In short, if you are a full-time employee making above minimum wage, you paying for your own economic demise. The numbers here suggest that we’d be better off staying home and living off of the labors of what’s left of the middle class.
In short, for most industrious Americans, it no longer pays to go to work. This system is catapulting our country towards an economic Armageddon. Welfare pays and pays well, until the government turns off the faucet. Then we will have a revolution inspired by the 146 million Americans who can longer support themselves. We have all speculated on how a revolution will begin, at least you now know why the foreign mercenaries are training on our soil and the fact DHS has acquired 2.2 billion rounds of ammunition and 2700 armored personnel carriers. They are waiting for the proverbial excrement to hit the fan. What do you think Obama’s “Myra” account is for? Why are banks installing capital controls which are making it increasingly difficult get your money out of the banks?
Do you remember the scene in the movie Hunger Games in which it was illegal to hunt your own food? In Mesa, Arizona, their city government is trying to make it illegal to grow your own food by adopting several Agenda 21 mandates. Now what does the movie Hunger Games and Mesa, Arizona have in common? Both scenarios demonstrate why the government demands total dependence. The bankster controlled government wants to subjugate you through the control of food. And when they decide to begin to depopulate through starvation and subsequent revolution, you and yours will be exterminated on their terms. The vast majority of us are living on borrowed time.
This bankster run system does not work for you and I. Again, take your money out of their banks, stop shopping in globalist stores like Walmart and begin to trade and barter and grow your own food. To do otherwise, is to continue to participate in a rigged game which will culminate in your destruction!
What is all this leading to?

Dead Bankers Do Tell a Tale

I liken the moment we are living as the early point in the movie, Jaws, in which the music intensifies as the shark moves closer towards devouring its human prey. Only in today’s America, the people are about to get hit from two directions.
Much has been written about the dead bankers. Most of these authors have no idea what they are talking about. The identified bankers who have been suicided are merely midlevel bankers. They are typically the Vice-President of the nothing department of JP Morgan. These “suicides” designed to look like murders are clear warning signs to the banking establishment which has been hijacked, not just the US, but all modern nations, that bad times are ahead. Jim Garrow said it on my show, the bankers are going to be targets by disaffected military and ex-intel officers. It looks like Garrow was completely correct.
It has been revealed to myself and others that there are presently assassinations of bankers, who are decision makers in these criminal banking cartels, but the identities of these bankers is not being revealed as they are not the midlevel bankers that you are reading about. These banksters are the ones who are creators of the false flag events carried out by the alphabet soup agencies and now, disaffected former military and paramilitary forces are sending a clear message that enough is enough.
These are the same bankers who are itching to bring about one final catastrophe in preparation to bring about martial law which will be enforced by “international peace-keeping forces” right here in the United States and these “Bastards from Basel” are quaking in their boots. They are being assassinated by former Seal teams, Army Rangers and disillusioned intelligence service operatives. You will soon be reading about this from journalists who have been given the details.
My source would not reveal the names of the big-time bankers who are getting whacked except to say that many of them are from London. For those who do not fit into the DMV crowd, this should make a lot of sense. I was also told that the assassinations are about to get political. I am just speculating, but how about ex-Goldman Sachs criminals who have moved into positions of political authority in the European Union?
Here is what you need to pay attention to in the upcoming days. First, this will be my last word on the subject because I do not have any more information than what is revealed here and that is by design. There are however, some who will soon be revealing with great detail what is truly going on between the leadership of our fired military, their paramilitary forces and the eventual response from the bankers.
Before you scoff at what I am writing here, I am going to say that I have learned for a fact, that these events and their implications will begin to surface in a very big manner over the next several days. In a week, the seriousness of these actions and the resulting threats will become clear to any self-aware person. No, I am not going to identify the writers who have been chosen to release this information except to say that I have been asked to tell the public to be aware that there are those who will be speaking out. And when they do speak out, you should listen. And why won’t I reveal the sources that I am aware of that will be revealing what is transpiring behind the scenes? It is because I am not going to place a bulls eye on their back.

Conclusion

Our system of governance and finance is about to reach a crisis point. The only real advice I have to offer is that I have been saying in earnest since last summer. You should transfer most of you cash in the bank into hard assets. Also, you should be personally prepared to whether the storm of no banks, no gas, no food deliveries. Surely, the other side is going to accelerate their plans in the face of what is going to happen. For those of you who understand baseball, I am convinced that I was tabbed to be the 8th inning setup man. The 9th inning closers will be revealing all in the next several days. You will not have long to wait and it will not be me that carries this message further.The moder day version of the Knights Templar is about to played out. When is the next Friday the 13th?
Credit to Comon Sense

Spitznagel: Stocks Will Collapse by 50% in 2014








It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.

“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."

Unfortunately Spitznagel isn’t alone.

“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”

Faber doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”

Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.

So with an inevitable crash looming, what are Main Street investors to do?

One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.


Credit to Money News

Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/Stock-market-recession-alert/2014/02/03/id/550641#ixzz2txv3odVa

TEPCO discovers 100-tonne radioactive water leak at Fukushima




A new leak of 100 tonnes of highly radioactive water has been discovered at Fukushima, the plant's operator said after it revealed only one of nine thermometers in a crippled reactor was still working.

The tank, one of hundreds at the site that are used to store water contaminated during the process of cooling broken reactors, sits about 700 metres from the shore.

A spokesman for Tokyo Electric Power says the toxic water is no longer escaping from a storage tank and is likely contained, but the news is a further blow to the company's already-battered reputation for safety.

"As there is no drainage way near the leak, which is in any case far from the ocean, it is unlikely that the water has made its way into the sea," he said.

"However, the water was highly radioactive, with a beta radiation reading at 230 million becquerel per litre."

The contamination level compares with government limits of 100 becquerels per kilogram in food and 10 becquerels per litre in drinking water.

Beta radiation, including from cancer-causing strontium-90, is potentially very harmful to humans and can cause damage to DNA. But it is relatively easy to guard against and cannot penetrate a thin sheet of aluminium.

"We are now in the process of recovering the leaked water and the earth it has contaminated," the spokesman added.

The tank holds water filtered to remove caesium but which still contains strontium, a substance that accumulates in bones and can cause cancer if consumed.

The accident came a day after TEPCO announced that one of the two thermometers in the lower part of the No.2 reactor pressure vessel was out of order.

There were originally nine thermometers in the vessel, Kyodo News reported, but eight have now stopped working.

TEPCO said it can still monitor the temperature of the area with the remaining thermometer, Kyodo News and the Asahi Shimbun reported.

The device was monitoring the temperature of fuel that has been kept in "a state of cold shutdown" to prevent a self-sustaining nuclear reaction the Asahi said.

The leak announcement is the latest in a long line of problems the utility has had with waste water at the plant.

TEPCO poured thousands of tonnes of water onto runaway reactors to keep them cool, and continues to douse them, but has to store and clean that water in a growing number of temporary tanks at the site.

In August, TEPCO said about 300 tonnes of radioactive liquid was believed to have escaped, an incident regulators said represented a level-three "serious incident" on the UN's seven-point International Nuclear Event Scale.

Two months later, the Fukushima plant had another leak of radioactive water containing a cancer-causing isotope, possibly into the sea.

At that time, TEPCO said a barrier intended to contain radioactive overflow was breached in one spot by water contaminated with strontium-90 at 70 times the legal limit for safe disposal.

AFP

Credit to ABC

China Starts To Make A Power Move Against The U.S. Dollar


US Dollars - Photo by selbstfotografiertIn order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates.  Of course the number one foreign nation that we depend on to participate in our system is China.  China accounts for more global trade than anyone else on the planet(including the United States), and most of that trade is conducted in U.S. dollars.  This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost.  As a major exporting nation, China ends up with gigantic piles of our dollars.  They lend many of those dollars back to us at ridiculously low interest rates.  At this point, China owns more of our national debt than any other country does.  But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly.  Demand for the U.S. dollar would fall and prices would go up.  And interest rates on our debt and everything else in our financial system would go up to crippling levels.  So it is absolutely critical to our financial future that China continues to play our game.
Unfortunately, there are signs that China has now decided to start looking for a smooth exit from the game.  In November, I wrote about how the central bank of China has announced that it is "no longer in China’s favor to accumulate foreign-exchange reserves".  That means that the pile of U.S. dollars that China is sitting on is not going to get any higher.
In addition, China has signed a whole host of international currency agreements with other nations during the past couple of years which are going to result in less U.S. dollars being used in international trade.  You can read about many of these agreements in this article.
This week, we learned that China started to dump U.S. debt during the month of December.  Many have imagined that China would try to dump a flood of our debt on to the market all of a sudden once they decided to exit, but that simply does not make sense.  Instead, it makes sense for China to dump a bit of debt at a time so that the market will not panic and so that they can get close to full value for the paper that they are holding.
As Bloomberg reported the other day, China dumped nearly 50 billion dollars of U.S. debt during the month of December...
China, the largest foreign U.S. creditor, reduced holdings of U.S. Treasury debt in December by the most in two years as the Federal Reserve announced plans to slow asset purchases.
The nation pared its position in U.S. government bonds by $47.8 billion, or 3.6 percent, to $1.27 trillion, the largest decline since December 2011, according to U.S. Treasury Department data released yesterday.
This is how I would do it if I was China.  I would try to dump 30, 40 or 50 billion dollars a month.  I would try to make a smooth exit and try to get as much for my U.S. debt paper as I could.
So if China is not going to stockpile U.S. dollars or U.S. debt any longer, what is it going to stockpile?
It is going to stockpile gold of course.  In fact, China has been voraciously stockpiling gold for quite some time, and their hunger for gold appears to be growing.
According to Bloomberg, more than 80 percent of the gold that was exported from Switzerland last month went to Asia...
Switzerland sent more than 80 percent of its gold and silver bullion and coin exports to Asia last month, the Swiss Federal Customs Administration said today in an e-mailed report. It imported most from the U.K.
Hong Kong was the top destination at 44 percent on a value basis, with India at 14 percent, the Bern-based customs agency said in its first breakdown of the gold trade data since 1980. Singapore accounted for 8.6 percent of exports, the United Arab Emirates 7.9 percent and China 6.3 percent.
When China imports gold, most of it goes through Hong Kong.  We know that imports of gold from Hong Kong into China are at an all-time record high, but we don't know exactly how much gold China has accumulated at this point because they quit reporting that to the rest of the world a number of years ago.
When it comes to global finance, China is playing chess and the United States is playing checkers.  China knows that gold is a universal currency that will hold value over the long-term.  As the paper currencies of the world race toward collapse, China could end up holding most of the real money and that would be a huge game changerwhen they finally reveal that fact...
The announcement of China's new gold hoard will send shockwaves through the financial markets, and make China and the Chinese yuan (their national currency) even bigger players at the international table.
International banking expert James Rickards compared it to a game of Texas Hold 'Em poker:
"You want a big pile of chips. The U.S. has a big pile of chips, Europe has a big pile of chips. The U.S. has 8,000 tonnes [metric tons] of gold, 17 members of the euro system have 10,000 tonnes. China at 1,000 tonnes is not a player, but at 5,000 tonnes, they are a player."
There are some really good points made in the quote above, but I do take exception with a couple of things.  First of all, I believe that China now has far more than 5,000 tons of gold.  Secondly, I seriously doubt that the U.S. still actually has 8,000 tons of gold or that Europe still actually has 10,000 tons of gold.
As China (and eventually the rest of the world) moves away from a U.S.-based financial system, the consequences are going to be dramatic.
For instance, right now the average rate of interest that the U.S. government pays on debt is just 2.477 percent.  That is ridiculously low and it is way below the real rate of inflation.  It is simply not rational for anyone to lend the U.S. government money so cheaply, and at some point we are going to see a dramatic shift.
When that day arrives, interest rates are going to rise dramatically.  And if the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.
Even more frightening is what a rapidly changing interest rate environment would mean for our banking system.  There are four large U.S. banks that each have exposure to derivatives in excess of 40trillion dollars.  You can find the identity of those banks right here.  Interest rate derivatives make up the biggest chunk of those derivatives contracts.  As John Embry told King World News just the other day, when that bubble bursts the carnage is going to be unprecedented...
"Stockman brought up a brilliant point, the fact that we have hundreds of trillions of dollars of interest rate swaps, which are polluting the world’s banking system. If we see growing volatility in interest rates, and I think that’s inevitable with what’s going on, that would cause spasms in the financial system. And if something goes wrong in the derivatives market, Heaven help us because the leverage that is imparted to the banking system through these derivatives is unholy."
Unfortunately, very few of the "experts" will ever see this crash coming.
Very few of them saw it coming in 2000.
Very few of them saw it coming in 2008.
And very few of them will see it coming this time.
I really like what Paul B. Farrell had to say about this...
Early warnings of a crash are dismissed over and over (“just a temporary correction”). They gradually numb us about the inevitable. Time after time we forget history’s lessons. Until finally a big surprise catches us totally off-guard. Financial historian Niall Ferguson put it this way: Before the crash, our world seems almost stationary, deceptively so, balanced, at a set point. So that when the crash finally hits — as inevitably it will — everyone seems surprised. And our brains keep telling us it’s not time for a crash.
Till then, life just goes along quietly, hypnotizing us, making us vulnerable, till a shocker like Lehman Brothers upsets the balance. Then, says Ferguson, the crash is “accelerating suddenly, like a sports car ... like a thief in the night.” It hits. Shocks us wide awake.
Don't let the upcoming crash take you by surprise.
The warning signs are very clear.
Get ready while you still can.
Money - Photo by Pen Waggener
Credit to Economic Collapse

Bank Runs Begin In Ukraine As Russia's Largest Bank Halts Lending


Six months ago a "glitch" halted all ATM withdrawals, and Credit and Debit card transactions for Russia's largest bank but today, the CEO of the huge bank has no such "glitch" to blame:
  • *SBERBANK SEES RUN ON ITS BANK MACHINES IN UKRAINE, GREF SAYS
  • *UKRAINE SITUATION IS PRESSURING RUBLE: SBERBANK CEO GREF
  • *SBERBANK HALTS LENDING IN UKRAINE, GREF SAYS
We suspect that whether an agreement is in place or not, this will continue.
  

Kiev, truce broken