SECRET EUROPEAN CASH LIMITS IN PLACE

Some of you might remember the recent scandal where #HSBC tried to impose cash withdraw limits on their accounts:

http://www.bbc.com/news/business-25861717

Well it turns out that was just a trial balloon, to see how the public might react to withdraw limits being public knowledge. Limits that are already in place!

Let me tell you what my sources are telling me.

They have tried to withdraw large amounts in cash from a bank. They were told quite categorically “No, you cannot have this amount in cash”. They then asked if they could make an appointment to receive the amount in cash and were told “No”.

Just an awkward bank clerk right?

They then proceeded to transfer the balance to another bank, and tried to make the same withdraw. They received exactly the same response “No, No, No, No, you can’t have your money”.

So what’s going on?

The #European Union is fearful of a systemic bank run taking place. After all, they have already seen bank runs in Cyprus (a successful testing ground) and other peripheral countries. Such a bank run would overwhelm even the European Central Bank.

But their steps to prevent this have been interesting to say the least…… They simply won’t allow a bank run – it’s against the rules!

What rules you say? Well, these vary from bank to bank and I’ve assembled them from a few different sources, but here they are:

- A depositor can only withdraw ~10% of their balance in large-scale cash per year.
- These limits do not apply to small one-time incidents such as ~5000 euros.
- All large cash withdraws must have a “valid” reason given. Hint: “I don’t trust my bank”, is not a valid reason.
- Daily cash machine limits are exempt.

Since the majority of cash withdraws are not large, these rules go unnoticed. But if they see an excessive/unusual amount of small daily withdraws taking place they can easily tighten these limits – all the procedures are in place.

So what are the implications of this?

Quite simple really. There won’t be a bank run in #Europe – because it’s no longer allowed. Just like a toddler, you will NOT be allowed to play with matches!!

So given the system is tearing itself apart at the seams, we’d better start looking for the weaker stitching somewhere else!

As to whether this system is in place in the #US yet I cannot say. If it isn’t yet it soon will be.

Credit to Infowars

WALL STREET: The Next Financial Crash will be the End of America

Two B-2 Spirit stealth bombers have just arrived in UK for a unusual deployment

Using radio callsigns “Death 11″ and “Death 12″ two B-2s from Whiteman Air Force Base have arrived at RAF Fairford for short and rare deployment.

Even if the U.S. Air Force has selected three bases for B-2 operations outside the U.S. (RAF Fairford, in UK, Diego Garcia and Andersen AFB at Guam), overseas deployments of the Spirit stealth strategic bombers are quite unusual.

Indeed, B-2s don’t move from Whiteman AFB, in Missouri, too often as they are trained to conduct very long round-trip missions from their homebase in CONUS (Continental U.S.), as happened during recent training missions,extended nuclear deterrence sorties in the Korean Peninsula, as well as during real conflicts, as the Libya Air War in 2011 or the Allied Force in Serbia in 1999.

That’s why the deployment of two Spirit bombers with the 509th Bomb Wing to the UK is, at least, noteworthy.

Obviously, the official press release doesn’t mention the rarity of this “short-term deployment,” as it only mentions that the “multi-role heavy bombers will conduct training flights in the USEUCOM area of operations, providing opportunities for aircrews to sharpen skills in several key operational sets and become familiar with airbases and operations in the region.”

Little is known about this deployment, unlike the other one which involves three B-52s that have arrived at RAF Fairford last week and whose detachment had been exposed by aircrew patches produced ahead of the participation of the Stratofortresses to the Saber Strike and Baltops exercises.

“The training and integration of strategic forces demonstrates to our nation’s leaders and our allies that we have the right mix of aircraft and expertise to respond to a variety of potential threats and situations,” said Adm. Cecil Haney, commander, U.S. Strategic Command in the release.

For sure, the Russian threat in Europe is taken seriously by the USSTRACOM, that may have decided to deploy some strategic assets closer to Ukraine, more to show the local allies that Washington is capable to support them if needed rather than put some pressure on Moscow.

Credit to the aviationist.com

Pope to Muslims: People Have 'Freedom to Choose the Religion One Judges to be True'

For him it's just a business …. it's not GOD's word

During his first official visit to the Middle East, Pope Francis repeatedly told Muslim audiences that religious freedom is “a fundamental human right” and that governments must allow people to choose their own faith.

“Religious freedom is in fact a fundamental human right and I cannot fail to express my hope that it will be upheld throughout the Middle East and the entire world,” the pope said in a May 24th address to King Abdullah II, ruler of the Hashemite Kingdom of Jordan, and Queen Rania at the Al Husseini Royal Palace in Amman.

The Hashemites are direct descendants of the Prophet Muhammad.

Quoting from his predecessor, Pope Benedict XVI’s apostolic exhortation, Ecclesia in Medio Oriente, which called religious freedom “the pinnacle of other freedoms,” Pope Francis continued: “The right to religious freedom ‘includes on the individual and collective levels the freedom to follow one’s conscience in religious matters and, at the same time, freedom of worship….[it also includes] the freedom to choose the religion which one judges to be true and to manifest one’s beliefs in public.’”




Pope Francis repeated the same message the next day in his meeting with President Mahmoud Abbas and other Palestinian officials in Bethlehem.

While expressing his “profound hope” that “peace will be pursued with tireless determination and tenacity,” the pontiff once again stressed the need for religious freedom.

“Respect for this fundamental human right is, in fact, one of the essential conditions for peace, fraternity and harmony,” he said.

On May 26, the final day of his three-day pilgrimage, Pope Francis met with Sheikh Mohammed Hussein, the grand mufti of Jerusalem, and the president of the Islamic Supreme Council at the Dome of the Rock to mark the 50th anniversary of Pope Paul VI’s historic visit to the Holy Land.

The Temple Mount site is holy to both Muslims, who believe it is where the Prophet Mohammed ascended to heaven, and Jews, who believe it is where God told Abraham to sacrifice his son, Isaac, and where their First and Second Temples were built.




“Dear brothers, dear friends, from this holy place I make a heartfelt plea to all people and to all communities who look to Abraham: may we respect and love one another as brothers and sisters! May we learn to understand the sufferings of others!” the pope said.

“May no one abuse the name of God through violence!” Pope Francis told the Muslim religious leaders.

Credit to CNS

Henry Gruver & Steve Quayle

It has never been a recovery

The Fed's Next Monetary Move Is Upon Us.