Wednesday, October 16, 2013
What The Third Greek Bailout Will Look Like
Mere weeks after the Merkel re-election, it will come as no surprise to anyone that Greece is to be bailed out for the third time. Germany's Die Zeit newspaper notes the government is assembling a Greek bailout plan which essentially has four gimmicks to fill the "high-single-digit-billion" budget shortfall. Despite having been told time and again that the worst is over, Greek Bailout III will entail shifting cash from the bank recap fund, Bill sales to specific banks which can be instantly collateralized with the ECB, possible extensions of credit by existing creditors, and reduction in interest rates on existing debt. Of course, we will be told that this is the last time and that Greece will emerge victorious in just 1 or 2 more years...but after a few weeks of epic strength, the Athens stock index is giving some back in the last 2 days.
Via Bloomberg,
German government is assembling Greek bailout plan involving shifting funds, ECB assistance, expanded credit and outstanding-debt reduction, Die Zeit newspaper reports, citing unidentified finance officials.
- Creditors to shift unused Greek bailout funds earmarked for bank recapitalization in current program to fill 4 bln euro funding gap
- Amount in current program could be topped off by funds raised in short-term government debt sale to private banks, which can use the bills as collateral through the ECB
- Creditors weighing additional financing to Greece to 2016 after current bailout ends next year; IMF program to end then
- "High single-digit billion’’ sum needed to finance Greece through beginning of 2016
- Creditors considering extending credit maturities and lowering interest rates to help Greece carry debt burden
Seems to us that if the bank recap fund is greatly rotated into government funding then all that hot money flows into Greek banks may be a little caught offside?
Credit to Zero Hedge
Chase Bank Limits Cash Withdrawals and Bans International Transfers
Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States.
Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.
The letter reads;
Dear Business Customer,Starting November 17, 2013:- You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We’ll cancel any international wire transfers, including reccurring ones, you scheduled to be sent after this date.- Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs.These changes will help us more effectively manage the risks involved with these types of transactions.
Another letter (PDF) received by Peak to Peak Charter School, a college in Colorado, states that the option to send both international and domestic wire transfers has been withdrawn from Chase business savings account holders.
Shortly after we posted this story, other Chase business customers confirmed they had also received similar or identical letters.
“I’m a Chase customer with both of the type accounts mentioned and got the letter posted,” wrote one.
“I have been a loyal customer of Chase for 11 years and I received the letter for my business and when I called about this I was told basically piss off and find another bank!” added another.
Chase is obviously very keen to make it hard for their customers to have any kind of control over their savings and is trying to prevent them from sending dollars abroad, prompting concerns that Cyprus-style account gouging could occur in America.
The move to limit deposits and withdrawals while banning international wire transfers altogether is a bizarre policy and will cripple many small and medium-sized businesses with Chase accounts. Buying stock from abroad in any kind of quantity will now become impossible for many companies, while paying employees will also be a headache.
Why has Chase announced such a ludicrous and restrictive policy change and is it related to the potential for a US debt default?
Speculation is rife that the bank is preparing for some kind of economic crisis by “locking down” its customers’ money. Although most still expect a deal to be struck to prevent a US debt default, its impact would “shake financial markets to a degree not seen since the Great Depression,” according to experts.
Others fear the move to restrict international wire transfers is part of a plan to protect against a near-future collapse of the US dollar.
Whatever the truth behind the policy change, Chase really needs to publicly explain its reasoning in order to quell the speculation.
The bank’s reputation was already under scrutiny after an incident earlier this year where Chase Bank customers across the country attempted to withdraw cash from ATMs only to see that their account balance had been reduced to zero. The problem, which Chase attributed to a technical glitch, lasted for hours before it was fixed, prompting panic from some customers.
Earlier this month it was also reported that two of the biggest banks in America were stuffing their ATMs with 20-30 per cent more cash than usual in order to head off a potential bank run if the US defaults on its debt.
The image below shows another example of a Chase business customer receiving the same letter.
Credit to Infowars
Japan Typhoon Wipha kills 17 people
At least 17 people have been killed after a powerful typhoon lashed Japan's eastern coast.
An island south of Tokyo, Izu Oshima, was worst hit by Typhoon Wipha, suffering landslides and flooding.
Many people died when houses collapsed or were buried in mudslides. At least 50 people remain unaccounted for.
Work to protect the crippled Fukushima nuclear plant was carried out but the operators say it appears to have escaped the worst of the storm.
In Tokyo, flights were cancelled, bullet train services suspended and schools closed.
"It is the strongest typhoon in 10 years to pass the Kanto [Tokyo area] region," Hiroyuki Uchida, the Japan Meteorological Agency's chief forecaster, told journalists on Tuesday.
Typhoon Wipha has now been downgraded to a tropical storm as it moves north-east.'Crackling sound'
The storm brought strong winds and record rainfall on Wednesday morning.
Nearly 5 inches (12cm) of rainfall fell in just one hour on Izu Oshima island, some 120km (75 miles) south of Tokyo.
The storm sent large volumes of earth down mountainsides and caused rivers to burst their banks.
Television footage showed the remains of wooden homes buried in mud and covered in debris.
Houses were buried in mudslides triggered by the rain
Rescuers were struggling to access some areas, reports said
In the capital, the storm led to train services and flights being cancelled
"I heard a crackling sound and then the trees on the hillside all fell over," a woman on the island told national broadcaster NHK television. "Then mud slid as far as the house."
Credit to BBC
"I heard a crackling sound and then the trees on the hillside all fell over," a woman on the island told national broadcaster NHK television. "Then mud slid as far as the house."
Credit to BBC
The Importance of October 17
The internet chatter which states that Obama is going to get Congress to impose a 1% transaction tax is going viral on the internet. When this news arrives in your email box, delete this erroneous email the same as you would any other spam. The email would have you believe that while you were sleeping, the government planned to introduce a 1% transaction tax which would taxed every single transaction in the United States from direct deposit to ATM withdrawals to social security payments. The bill, labeled HR 4646 did indeed propose to impose this requirement upon all financial transactions in the United States. The fact of the matter is that this bill was proposed in 2010 and it died in committee without ever being voted on. This concept was resurrected in 2011 and it, too, died in committee without ever being voted on.
It is likely that this internet urban legend was planted to take attention away from what is really going on and divert America’s attention away from some very real potential dates with disaster. Again, I repeat that the administration’s intent to impose a 1% at this time, is not true! However, what is true is the fact that there is much more financial tyranny being planned for the American people that is largely flying under the radar.
The Significance of October 16
October 17 is the first date we need to be concerned about with regard to the potential for a false flag.
Up until now, October 16th, the government “shutdown” has only been an exercise in imposing as much emotional pain on the American people from the shutting down of the national parks to the closing of the war memorials to the beta test of shutting off EBT cards from welfare recipients in their attempts to purchase of food.
I think it is very likely that the EBT card fiasco was a mini-false flag event designed to test the theory that “Obama phone” crowd would riot on the third day without access to government supplied food. Based upon the results of the volatility of the crowds on day one, the DHS received their answer. Subsequently, I view the EBT care fiasco as a designed test. However, what looms tomorrow, the October 17th deadline deadline for reaching a consensus on a federal budget or the government is risking imminent default on the government’s loans.
On October 15th, Fitch Ratings announced it was accelerating its timetable for a potential U.S. credit rating downgrade, citing the brinksmanship in Washington. Fitch would become the second credit rating firm to downgrade the debt of the United States. The impact of such an action cannot be overstated and will surely send major ripples across the vast domains of America’s financial empire. Loan liquidity, ability to collateralize any debt will be greatly impacted. Isn’t it interesting that one of the three major credit rating agencies would be so quick and act in such a premature manner as to downgrade the US credit rating before the default? What does Fitch Ratings know that the rest of us do not know and why is this looming event not being reported in the MSM?
The Perfect Storm of October 17
The government shutdown is scheduled to occur tomorrow. It has been threatened that such developments such as social security checks might not arrive, Medicare and Medicaid may not be honored. Coincidentally, two DHS/FEMA disaster drills are scheduled to take place the today and tomorrow. As I have previously reported, the two drills are called the “Great ShakeOut Earthquake Drill” and the “Quantum Dawn 2 Cyber Attack Bank Drill.” According to the Center for Disaster Preparedness releases related to these two new drills. In these drills, 1,000 banks are participating as well as several hundred corporations and all 50 governors. This is a major event and the MSM is strangely quiet. The so-called simulated attacks will come from “imaginary” hackers, organized crime elements and foreign national sponsored terrorism.
If something were to go wrong with either of these two drills, you might not be able to use your debit card to purchase gas, welfare recipients might not be able to use their EBT cards and of course, you would not be able to access your bank account.
If this is not the breeding ground for a potential false flag attack, I do not know what is. The false flag potential for today and tomorrow is just as great as the Grid Ex II drill blackout drill planned for November 13th.
Truth Is Stranger Than Fiction
Speaking of November 13th and the Grid Ex II drill, I find it a little more than interesting that the media is beginning to show interest in the potential outcome of the Grid Ex II potential catastrophe. On October 27, the National Geographic Channel is sponsoring a two hour docudrama based upon the notion that the lights go out for 10 days. And last night, I caught a prepper show on the A&E Network in which a rural based “life coach” was prepping in anticipation of an economic collapse and a power grid shutdown. Why all the sudden interest in power grid take downs?The Plan B Hypothesis
Based upon the premise that when light is shined upon problem, the rats the scurry for cover. I know that the alternative media pushed back the planned attack upon Syria because of the duplicity that was exposed. This occurrence and the subsequent claim to victory by the alternative, truth media, did not go unnoticed by John B. Well and Coast to Coast AM, as three Fridays ago, the Hagmann and Hagmann report and my show were mentioned on Coast to Coast and the rest of the alternative media as being part of a catalyst movement to stop the coming war in Syria. The alternative media did a major push back the events in the Middle East and sent despots like McCain running for cover while licking their wounds. Exposure can absolutely change the outcome of planned events.
Along these same lines, I think it is possible that the effectiveness of the Grid Ex II drill as a false flag attack may be compromised because of all the attention paid to the event. This is why contingency plans are created.
There is a reason why the following events happened and I think their interconnections cannot be ignored:
1. Alex Jones reports that a nuclear bomb has gone missing from its West Texas base.
2. On the same day, Senator Lindsey Graham states that if we do not attack Syria that a nuclear device will be detonated in Charleston Harbor.
3. Reportedly, a nuclear bomb was “ditched” in the ocean off of the coast of Charleston without exploding. Maybe this event happened and maybe it did not but what is curious is that the original link to the story being run out of Europe is not a dead link after only 24 hours.
4. Obama fires the two commanders of our nuclear arsenal. One general was personally by Obama fired for using counterfeit poker chips. Are you kidding me, Obama has time to worry about counterfeit poker chips? Was Charleston to be the site of a nuclear detonation while the country became fixated on the Grid Ex II? All signs point in this direction.
Conclusion
The conclusion to this story is that there is no conclusion. Between September 25 to November 13th, there were/are an unprecedented 10 disaster drills planned for by FEMA/DHS and coordinated through the Center for Disaster Preparedness.
Obama need as a game-changing event. He has fired 16 Navy commanders this year along to go along with the multitude of generals he has dismissed. He apparently feels that he is facing a military coup and I think he would be correct. This past May, Obama was attacked by the MSM thought the revelation of no less than five Watergate scandals in an attack perpetrated by the globalists to move him off of dead center on Syria. Obama is a dangerous man and is seeking any way possible to stay in office. Remember this scenario, false flag, declaration of martial law and World War III.
Nobody can say with certainly that false flag will come from on these events, but historically, this has been the undeniable pattern when we consider 9/11, 7/7 bombings and the Boston Marathon in which a drill of similar nature to a carried out terrorist attack was being drilled at the exact same time. Many of us have the globalist playbook and can begin to make some predictions which have a strong likelihood of being accurate.
The corporate controlled media is even dropping strong hints that something big is coming. And don’t you feel it to? I hope all of you are prepared with food, water and guns. In the face of the abject evil we are facing, I hope for the best for the welfare of all of our families.
One thing is certain, the more we speak of these events, the less likely we are to be victims of these events. Make certain that you plenty of gas in your car and a good supply of food and water before the day is over.
Credit to the common sense show
Magnitude 7.1 earthquake hits near Papua New Guinea
Magnitude 7.1 earthquake has rocked the Papua New Guinea area, according to the US Geological Survey. The quake was located 65km west-southwest of Panguna in Papua New Guinea. It struck at 8:31pm (10:31 GMT) Wednesday at a depth of 58km. There were no immediate reports of casualties or damage, and a destructive Pacific-wide tsunami is unlikely, the Pacific Tsunami Warning Center said.
Rebuilding the Jewish Temple
Q.When is the new Jewish Temple to be built, and how will this be accomplished on the Temple Mount?
A. The people of Israel are anxious to rebuild a new Temple, and many preparations have been made to that end already. Priests' vestments and vessels to be used in Temple services have been prepared, and priests are being trained. The main hindrance is the building site itself. The Temple Mount is home to several Islamic holy places: the Dome of the Rock and the Al-Aqsa Mosque. Whether the Temple can be constructed either next to, or in place of, these Islamic shrines awaits a determination of where the previous Jewish Temples stood.
Based on archaeological findings so far, there are three main theories of the location of the previous Temple, destroyed by the Romans in AD 70.
Tel Aviv architect Tuvia Sagiv claims that the Temple was at the southwestern corner of the Temple Mount near where the Al Aqsa Mosque is today. He suggests radar and thermographic scans give evidence of vaults underground, such as would be expected beneath the Temple.
Hebrew University physicist Asher Kaufmann believes the Temple was built at the northwestern corner of the Temple Mount, about 330 feet from the present Dome of the Rock. He bases this on an ancient artifact found at the site, believed to be the Foundation Stone of the Holy of Holies.
Several archaeologists believe the Temple stood at the exact place where the Dome of the Rock is today. This is based on existing remains found on the Temple Mount as well as clues in its eastern wall. It is also derived from the belief that the arrangement of the Temple's courts would be in the central part of the Mount.
The truth to this dilemma will obviously have to await further excavations, which in turn are hampered by the political situation in the area. Islamic excavations have endeavored to destroy evidence of the presence of past Jewish Temples on the Temple Mount. Israeli excavations have been severely limited by the Muslims, who have control of the holy sites on the Mount, being given that privilege by Israel following the Israeli conquest of Jerusalem in the Six-Day War of 1967.
AN INTERNATIONAL SOLUTION?
Even if the placement of the Jewish Temple does not interfere with the existing Islamic holy sites, its construction could prove problematic, given the antipathy between the Jews and the Muslims. In such a case, an international settlement would have to be negotiated, possibly by someone with the skills of the coming Antichrist. In fact, the construction of the new Temple may be a part of the peace treaty the Antichrist signs with Israel in Daniel 9:27.
Regardless of its proper location on the Temple Mount, the Temple could be built without regard for the Islamic shrines if those sites are destroyed in a war (such as that prophesied in Ezekiel 38-39); by an earthquake; or by terrorism. In any case, a new Temple must be constructed no later than the midpoint of the Tribulation, given that it is the location for the Antichrist making his boastful demand for worship as God (2 Thessalonians 2:3-4).
Read more: http://www.bibleprophecyblog.com/2013/10/rebuilding-jewish-temple.html#ixzz2htNKD3Ng
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