Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Tuesday, July 8, 2014

France lashes out against US dollar, calls for ‘rebalancing’ of world currencies





http://rt.com/business/170864-france-balance-dollar-bnp/

France lashes out against US dollar, calls for ‘rebalancing’ of world currencies
Published time: July 07, 2014 10:24 Get short URL

French Finance Minister Michel Sapin (Reuters/Denis Balibouse)French Finance Minister Michel Sapin (Reuters/Denis Balibouse)

The French government wants to break the monopoly the dollar has on international transactions after the country’s largest bank, BNP Paribas, was slapped with a record $9 billion fine and a 1-year dollar trading ban.

Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realize the necessity of using a variety of currencies” the Financial Times reports.

“We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don’t think so. I think a rebalancing is possible and necessary, not just regarding the euro, but also for the big currencies of the emerging countries, which account for more and more of global trade,” the finance minister told the FT at a conference over the weekend.

France wants to bring the euro to greater prominence in international trade. Sapin said he would raise the idea on Monday when he meets in Brussels with eurozone finance ministers.

BNP was punished for helping counties like Iran, Sudan, and Cuba process $30 billion in transactions which are illegal under US law, since they violate US sanctions. Starting on January 1, 2015, the bank will not be able to carry out dollar-based transactions for one year.

The French government has called the fine and 1-year ban unreasonable and unfair, as it blocks the country’s largest bank from handling dollars, which is the dominant currency in global trade. Nearly 90 percent of all deals in the $5 trillion a day foreign exchange market includes the US dollar.

Heavy-handed sanctions from the US and Europe have forced countries to also look towards other currency options. Russia, for example, is actively working to de-dollarize, and is starting to use the Chinese yuan and other Asian currencies in trading.

Dollars dominate most oil and gas pricing, another cycle France hopes to break.

Christophe de Margerie, the CEO of Total, France’s largest company, says other currencies can be used in oil purchases, even if the benchmark is left in dollars.

“The price of a barrel of oil is quoted in dollars,” de Margerie said. “A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euro.”

The US and OPEC countries have traded oil exclusively in US dollars since 1971.

Monday, December 23, 2013

FED up? Hundred years of manipulating the US dollar


Posted by D. http://removingtheshackles.blogspot.com/2013/12/fed-up-hundred-years-of-manipulating-us.html

FED up? Hundred years of manipulating the US dollar


Ahhhhhhhh!  Isn't that funny?  I guess I'm not the only one with an intense desire to insure that people understand that the Federal Reserve Bank is not "Federal", it "reserves" nothing, and is nothing like a "bank".   An excellent Main Stream Media article to really push that information home.

"This explains why when in late 2002 Saddam Hussein decided he would do his UN-sanctions authorized “One Billion Dollars Iraqi Oil for Food” trade with the West in euros instead of dollars, he was quickly visited by the Fed’s military branch in March 2003.

Or take Muammar Kaddafi who in 2011 was about to launch a program to trade Libyan and North African oil using a new gold-backed currency – the gold dinar. He too got a little visit from Peace Prize Barack and Babylon Hillary. Do you begin to see the pattern?"

Do YOU see the pattern here?  As I have explained several times before (and thought that I mentioned in in yesterdays article, but alas it seems to of disappeared from the rough draft....):

The Federal Reserve Bank Cartel controls every perceived "National" Central bank of every country, with the exception of the last 3 Independent central banks that are left standing- there were 6 independent, non-Federal Reserve Bank controlled Central Banks up until just recently. The three that are now under the control of the FRB Cartel are: Iraq, Afghanistan, and Libya...... The last remaining independent Central Banks are in North Korea, Iran and Cuba.

.... well isn't that just a little bit interesting, eh?  What else do these three countries have in common?

.......The Gulf war(s) had very little to do with "Oil" (although that was obviously a nice little bonus) and everything to do with taking over the Central Banks of countries that were about to decapitate the Federal Reserve's  dollars and make a stand.  911 was just an excuse to put their armies in the countries that they wanted to take over and control.  I've written quite a bit about Iraq and the "RV" (Revaluation of the Iraqi currency) over the years, and a good amount of info can be found HERE.  When you understand the background to WHY and WHO and HOW, then you will see the bigger picture of all that has been done over the last century of official Federal Reserve Bank rule.

"Epilogue: Fed Up?

One would have thought that something as important as whether to continue to allow a private FED to operate in its present format, or revamping it, or even doing away with it after a whole century, would be something that should be squarely on the American and global public agenda… big time!

And yet all we have is silence from the US Government, Congress and politicians; silence from world leaders; total silence from the mainstream media, and from the academic world."

....and when the US "government", congress, and the world leaders and their "governments" are silent, one has to ask: who is buying their gag?

ps:  oh and this control and manipulation and fraud started much longer ago that just a simple "100 years".  A great starting place for a historical run down can be read at New Tomorrow:

Part One HERE
Part Two HERE and HERE
Part Three HERE

..... as I said yesterday, the Rabbit hole is very very deep.



http://rt.com/op-edge/fed-us-dollar-manipulate-049/

FED up? Hundred years of manipulating the US dollar

The facade of the U.S. Federal Reserve building in Washington (Reuters/Jonathan Ernst)

Adrian Salbuchi is a political analyst, author, speaker and radio/TV commentator in Argentina.



Published time: December 23, 2013 07:41

Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System - the Central Bank of the United States of America.

The mainstream media are keeping remarkably quiet about this key milestone.

No doubt, they know only too well that growing millions of workers inside and outside the US are realizing that a century of central banking monopoly in the hands of a private clique of usurer banksters is enough. More than enough!

‘TWAS THE NIGHT BEFORE CHRISTMAS…

…when all through the house, not a creature was stirring, not even a mouse”. These words written by 19th Century American poet, Clement Clarke Moore, aptly describe the scene a hundred years ago when the Federal Reserve Act was discretely rubberstamped in the US Congress: true, hardly a mouse was stirring either in the House or in the Senate… But the big rats were definitely there to vote in their act!

1913: Woodrow Wilson was President of the United States; World War One was but eight months away; and three years earlier a very hush-hush meeting had taken place at mega-banker, John Pierpont Morgan’s, private estate on Jekyll Island off the coast of Georgia.

Bloomberg News described this in a February-15, 2012 article as “a secret meeting that launched the Federal Reserve Bank. In November 1910, a group of government and business leaders fashioned a powerful new financial system that has survived a century, two world wars, a Great Depression and many recessions.”

That’s the Bloomberg Version. The ugly truth is probably exactly the opposite: in November 1910 a group of government, banking and business leaders fashioned a powerful new financial system that triggered, promoted and imposed a century of conflict and genocide, including two world wars, a Great Depression, many recessions and systematic mega-banker bailouts using taxpayer’s money.
In 1995, American investigator and author, G. Edward Griffin, published what is clearly the most authoritative book on the “FED” – as it is colloquially called in banking circles and by the mainstream media – “The Creature from Jekyll Island”.

Friday, November 15, 2013

Why Banking, Corporate America And The Government Need Each Other



http://investmentwatchblog.com/why-banking-corporate-america-and-the-government-need-each-other/

Why Banking, Corporate America And The Government Need Each Other
November 14th, 2013


by Gold Silver Worlds

It should not come as a surprise that banking, industry and government are closely connected. The recent draconian decisions of the US Fed or the US foreign policy towards the Middle East are obvious examples. In order to understand who is behind most of those decisions and who the beneficiaries are, one should go back in history to the end of the 19th century.

Murray N. Rothbard revealed in his book “Wall Street, Banks and American Foreign Policy” in great detail that the financial and political stakeholders are one and the same. Rothbard, being an author and great thinker, highlights the role of political capitalism and crony capitalism in the US by tracing the historical references and connections in US financial and political decision making. This was also the context in which the US Fed was created.

Claudio Grass, managing director of Global Gold Switzerland, created a short and comprehensive overview of Rothbard’s book as part of his latest Global Gold Outlook Report. In this article, we provide some highlights. We strongly recommend to read the document at the bottom of this article. For readers with more time, Rothbard’s book is a must-read; it is available as an electronic download (hyperlink at the bottom of this article).

Join us on this journey behind the scenes where the banking elite, the corporate elite and politicians in the United Stated laid the foundations of their empire.

“Bankers are inherently inclined toward statism”

Rothbard was a traditionally strong advocate of a laissez-faire economy, which calls for free and voluntary exchange, and where the role of the individual and his choices are central to its existence. In his book, Rothbard illustrates the convergence of the US economy from a free market of free and voluntary exchanges, particularly up to the 19th Century, to state capitalism. According to Rothbard in his article Capitalism versus Statism (published in 1972), statism is “one or more groups making use of the coercive apparatus of the government – the state – to accumulate capital for themselves by expropriating production of others by force and violence”.

We find this gradual convergence occurring over two phases in the 20th Century, with the turning point being WWI as the US advocated a militarist approach to the war (as opposed to the previous ‘peaceful’ and non-interventionist approach) – up to the final stage where this becomes institutionalized with the creation of the Federal Reserve. Rothbard traces this convergence back to the strong influence of Wall Street players and family corporates, particularly the Morgan family.

Monday, November 4, 2013

UPDATED: NEW BANKING DOCUMENTS RELEASED
BY HEATHER ANN TUCCI-JARRAF
1 November 2013



Updated Nov 3, 2013, switched from SCRIBD to GOOGLE DOCS because of problems with people downloading documents.  -Bill

On Nov 1, 2013, at 5:17 PM, ciinc group wrote:

In love, gratitude, peace, joy and transparency:

Okkkkkkkkk!!!!!!!!  Rock n roll!!!!!!!!!!!!

Attached are the will and word/declarations......I built them with the concept of lego pieces...each piece lawful...and with the intent to honor the perception of each inbodyment every NOW moment...any inbodyment can choose the pieces that resonate with them....

If an inbodyment chooses to "play" with the banks (all lawfully and legally foreclosed)....then they can take the following in to any bank teller and the bank HAS to accept them as a foreign deposit....and if they refuse, they can all be arrested and shut down by the Secret Service...one just has to make the phone call, make the statement, and then when Secret Service asks what you want them to do...you make the order and they will do it:

1. DECLARATION OF I (attached)

2. DECLARATION OF ORIGINAL DEPOSITORY AND DEPOSIT (attached)

3. DECLARATION OF RECEIPT (attached)

and (the one I personally did not do because I choose to do a full conversion back to energy current of I).....

is a DECLARATION OF VALUE.... it must be done by the conscious hand and heart of each inbodyment...(looks just like a check, or a bill of exchange, or any other instrument, with YOUR self-designated identification of the reference numbers of the a.) DECLARATION OF ORIGINAL DEPOSITORY AND DEPOSIT, b.) DECLARATION OF RECEIPT, and c.) the express and stated sum for (foreign) deposit in that bank

I chose to duly complete the full conversion back to the energy current of I...I DO NOT CHOOSE TO PLAY WITH THE OLD SYSTEMS, I DO NOW MAKE VISIBLE WHAT IS.....NOW SYSTEMS THAT RESONATE WITH I AND REFLECT I.......the eternal tech/BE'ing of I....

therefore, I used1-3 above, plus:

4. DECLARATION OF CONVERSION (attached)

I also did a DECLARATION OF ACCOUNT (attached) which I can utilize that template for any external applications that may exist thanks to another inbodyment of I's DO'ing....in this case, eternal essence in body, also perceived as Caleb Skinner.

THESE DOCUMENTS ARE DONE AS A NOTICE OF WHAT I BE....IN LOVE, GRATITUDE AND PEACE....ALL IS PERFECT EVERY MOMENT OF NOW....AND PERFECTLY DONE!!!!!!!!  I LOVE ALL THE INBODYMENTS OF I!!!!!!!!  ALL THAT I DO, I DO TO RETURN IN KIND ALL THAT EVERY INBODYMENT OF I HAS ALREADY GIVEN I!!!!!!!!!

I AM also sending over for post tonight, the Skype conversations that I have in Skype, emails, and the most recent documents/hierarchy structure that they sent me for review.... regarding a transparency tool, specifically the tool perceived and purported to be SWISSINDO........:

1. Emails from Melanie Spencer/Mel Ve with attachments (not attached, I will forward the email directly)

2.  Skype convos with Ani/Pieta/MelVe post sept 17, 2013 (attached).....due to "Skype" wiping out all my convo histories pre-sept 17, 2013, when I had to set my computer back to manufacturer's settings due to Microsoft "net" updates....I mean, a "virus"......lol.

3.  a letter from Pieta to Mr. Sino that she sent me (not attached, separate email)

4. his purported response to her letter (not attached, separate email)

5. a letter she just sent me tonight (not attached, separate email)
and

6.  the final comments of I to Mr. Sino's purported response to Pieta's letter, point by point (not attached, still finishing it, as it addresses all purported "finance matters", inclusive of the "programs", "resets", "revals", "SGT" and making transparent "why" that stuff has not been released, will not be released as it "stands", and the change of the energetic signatures required to release said....I will send it to you when it is ready.)

TRANSPARENCY IS LOVE.....LOVE IS ALL WAYS TRANSPARENT!!!!!!!

IN LOVE, GRATITUDE, JOY, PEACE......AND TRANSPARENCY.....ALL WAYS

I AM I
I DO I

H
[Heather Ann Tucci-Jarraf]

AK NOTE: Email correspondence pertaining to Swissindo will be in a separate blog posting from the banking documents for purposes of clarity. - Bill



Thursday, August 8, 2013

$700k windfall: Russian man outwits bank
with hand-written credit contract

Oleg Tinkov, head of Tinkoff Group
 (RIA Novosti / Ramil Sitdikov)
http://on.rt.com/movrvj
This is probably one of those moments when a corporation really wishes it wasn't a "person" in a contract.... LOL!!! I don't recommend trying this, but this is very funny... -Bill

$700k windfall: Russian man outwits bank with hand-written credit contract
Published time: August 08, 2013 11:59
Edited time: August 08, 2013 15:55

A Russian man who decided to write his own small print in a credit card contract has had his changes upheld in court. He's now suing the country's leading online bank for more than 24 million rubles ($727,000) in compensation.

Disappointed by the terms of the unsolicited offer for a credit card from Tinkoff Credit Systems in 2008, a  42-year-old Dmitry Agarkov from the city of Voronezh decided to hand write his own credits terms.

The trick was that Agarkov simply scanned the bank’s document and ‘amended’ the small print with his own terms.

He opted for a 0 percent interest rate and no fees, adding that the customer "is not obliged to pay any fees and charges imposed by bank tariffs." The bank, however, didn’t read ‘the amendments’, as it signed and certified the document, as well as sent the man a credit card. Under the agreement, the bank OK'd to provide unlimited credit, according to Agarkov’s lawyer Dmitry Mikhalevich talking to Kommersant daily.

"The opened credit line was unlimited. He could afford to buy an island somewhere in Malaysia, and the bank would have to pay for it by law," Mikhalevich added.

Wednesday, July 31, 2013

July 31 Update: "Nothing is happening".... *snort* buhahhahahah!!! Oh, and more info about Iraq



July 31 Update: "Nothing is happening".... *snort* buhahhahahah!!! Oh, and more info about Iraq
As I mentioned yesterday in the Charts article, the most awesome research team in the world have dragged some brilliant pieces of information and links into the spot light.  I haven't been able to even remotely get the info/links put together in any semblance of organization, but a few of these pieces just absolutely needed to be put out here now.

Edited about 3 minutes after publishing to say:  I'm sorry or all the formatting mess- I have no idea what the hell is wrong with my blogger account, but it's seriously having mental issues for the past 3 days.  I'll try to get it sorted out.   
D


 First off, for all those that love to chant "Nothing is Happening" while sticking their fingers in their ears and singing "lalalalalallalalalala I can't hear you!!!"- for you guys, I love you, but I know that nothing that anyone shows you will make you see and hear the truth of what's happening around you.  But seriously?........ you fingers have GOT to be getting tired by now!!

Here is a little update on that: 


Courtesy Notice Success Story -- $32,194 Loan Waived by Key Bank


Updated w/Documents: Courtesy Notice Success Story -- $99,692.21 Forgiven by Chase Bank 

This is from one of the facebook groups and was sent to me on skype:

BIG NEWS!!!! From XXXXX CVAC 101
So, as a success story I would like to report that as of today after sending to the Vice President of the alleged Chase Bank ( who just happen to send me a letter in May with his name and signature on it to sell my home in foreclosure) was a Determination of Funding Letter, 1 Courtesy Notice and 2 invoices totaling 9,000 pieces of 99.9 silver, I received today a letter from the alleged Chase Bank that the lien on my mortgage has been released and discharges the original contract, whereas I am now responsible for the property tax and insurances, and can do what I dam well please with what I want to do with it. 

Saturday, July 6, 2013

Margin call on US banks (or rather too-big-to-fail banks)




Margin call on US banks (or rather too-big-to-fail banks)
Steen Jakobsen, Chief Economist & CIO, Saxo Bank
Filed in Steen's Chronicle
Denmark, Tuesday at 23:28 GMT-7 Recommend
http://www.tradingfloor.com/posts/margin-call-us-banks-rather-fail-banks-1939469058

This week's biggest news is not the Nonfarm Payrolls (which will be 160,000 again), or the European Central Bank (which will not introduce quantitative easing) or even Portugal's government falling. No — this week's big deal is the openness with which the Federal Reserve is preparing a major margin call on the too-big-to-fail banks in the US.

This has been a long time coming since the introduction of the Dodd-Frank law back in 2010 but it is a game changer. Remember all macro paradigm shifts come from policy impulses, often mistakes.

Fed approves step one in a three step plan
Under the final rule, minimum requirements will increase for both the quantity and quality of capital held by banking organisations. Consistent with the international Basel framework, the rule includes a new minimum ratio of common equity tier 1 capital to risk-weighted assets of 4.5 percent and a common equity tier 1 capital conservation buffer of 2.5 percent of risk-weighted assets that will apply to all supervised financial institutions. The rule also raises the minimum ratio of tier 1 capital to risk-weighted assets from four percent to six percent and includes a minimum leverage ratio of four percent for all banking organisations. In addition, for the largest, most internationally-active banking organisations, the final rule includes a new minimum supplementary leverage ratio that takes into account off-balance sheet exposures. (See the press release here)

I know you are thinking: Wow, this is the most interesting thing I have seen in years :-) but alas it is - because it is in fact a major margin call on the US holding banks.

Note how this adoption is only the first set of a series of new rules. Let me introduce you to: Daniel Tarullo, The Federal Reserve Governor in charge of regulation after the implementation of the Dodd-Frank law in 2010. (As a consequence of Dodd-Frank, the Fed got a permanent regulatory governor.)

I had nothing else to do so I read his latest speeches which are surprisingly clear (considering that he's a policy guy).

Tuesday, July 2, 2013

OPPT & I UV from A to Z



Tuesday, 2 July 2013

OPPT & I UV from A to Z
By D. of Removing the Shackles


The One Peoples Radio Show last night played the recorded Interview we did with Heather yesterday morning, and that is available to listen to in the show archive, or the videos that I posted this morning.

As I said at the beginning of the interview, the article I wrote on Saturday, and now the interview itself, have gone viral across the internet. This has generated a new wave of listeners who are discovering The One Peoples Public Trust (OPPT) Uniform Commercial Code (UCC) filings and the I UV documents for the very first time.  Some of these people have no knowledge of the background that leads up to these filings, nor the reason WHY.

I'm writing this article as a historical run down of all the important documents, the links, the articles that are very relevant to all that has been done since the very first OPPT filing.  Please share this out with your friends, on your website, social media groups etc....

.... If I've missed anything really vital, I will edit to update.

The main sites that have been following, and working with, the OPPT and I UV information are:

http://americankabuki.blogspot.com/

http://removingtheshackles.blogspot.ca/  and  http://removingtheshackles.net/
http://www.lisamharrison.com/
http://kauilapele.wordpress.com/
http://briankellysblog.blogspot.com/

and there are several regular blog talk radio shows that have focused a lot on everything we have been working on:

http://www.blogtalkradio.com/thecollectiveimagination

Monday night at 8est is The One People radio show
Tuesday night at 8est is The Collective Imagination

Sunday, April 7, 2013

Vulture Banking Meets Its Maker



Vulture Banking Meets Its Maker
By American Kabuki


My search for understanding the banking system began as quite a young man.  My high school years were rather unspectacular. I thought I was not too bright, after all my grades were Bs and Cs, and that report card meant to me and my parents that I wasn't that bright.  Throw in slight case of undiagnosed dyslexia and I convinced myself I was none too bright.  My limits were set low.  What I really was in high school, was bored and unchallenged. I found out I was smarter than I thought when I went to University.

My high school guidance counselor advised me to "go into the trades", that's just what they told people then they thought were less than worthy of college.  So I set out to be an electrician.

I always liked electricity, and regularly shocked myself playing with the house wiring on my mom's house, but I learned and got quite good at it.  Frightened my mother half to death during the learning stages.  I was not an easy child.  One time I made telegraph with with a big woofer speaker I found in an abandoned TV in the alley. I connected it to a 12 volt AC transformer and a telegraph key pad, and mounted it in this 5 gallon bulk peanut butter can my mom got from the Mormon food place that we got bulk food from for the 6 kids.  Every time I pressed the keypad this 60hz hum reverberated through the house with a slightly metallic sound and my mom came rushing in from the kitchen thinking I had finally done myself in for good messing with the power lines and truly fried myself.  I never saw her so angry and she told me she'd toss me out of house if I ever turned that thing on again!  I complied.  So the next thing I invented was a latching logic circuit out of some electromechanical relays. They didn't make as much noise. I didn't realize then what I invented on my own but I liked the fact it would start a circuit connection and stay connected.  I also tried to create electricity from water, but never succeed at that.  But for some reason I thought it could be done.

Monday, April 1, 2013

Cyprus’ President-related company transfers €21 mln to London prior to bailout agreement



Cyprus' President Nicos Anastasiades.
(Reuters / Yves Herman)
This article is kind of ironic.  A contact of mine says the Russians got their money out via Russian branches of Cyprus banks before the EU inspectors arrived. Seems everyone got their money but the citizens of Cyprus... -AK

http://rt.com/news/cyprus-president-money-withdraw-129/
Cyprus’ President-related company transfers €21 mln to London prior to bailout agreement
Published time: March 31, 2013 19:29
Edited time: March 31, 2013 22:13
Cyprus' President Nicos Anastasiades. (Reuters / Yves Herman)

A company owned by in-laws of Cypriot President Nicos Anastasiades wired €21 million from Laiki Bank to London days before the Eurogroup’s crisis-triggering levy proposal, claims a Cypriot newspaper. The president demands an investigation.

During two days, 12 and 13 of March, the company A.Loutsios & Sons Ltd., co-owned by Loutsios John, the husband of Nikos Anastasiadis’ daughter, Elsa, took five promissory notes worth €21 million from Laiki Bank. The money was then transferred to London, reported Cypriot newspaper Haravgi, affiliated to the communist-rooted AKEL party.

The withdrawal was fulfilled just three days before the Eurogroup meeting when euro finance ministers agreed a 10 billion euro ($13 billion) bailout for Cyprus.

The company, however, has firmly denied the reports.

Monday, October 8, 2012

CHINA AND RUSSIA LEAD MOVE AWAY FROM DOLLAR


Yevgeny Fyodorov

http://english.pravda.ru/russia/politics/21-09-2012/122236-russia_apec-0/
Russia to liberate the world from US occupation
21.09.2012


A State Duma deputy, the head of the Committee on Economic Policy and Entrepreneurship of the Russian State Duma, Yevgeny Fyodorov, told Pravda.Ru of his impressions from visiting the APEC summit in Vladivostok. According to him, the meeting showed that the U.S. gradually loses absolute power in the world economy and politics. The power and influence of other countries, such as Russia and China, grows against such a background.

State Duma deputy, the head of the Committee on Economic Policy and Entrepreneurship of the Russian State Duma Yevgeny Fyodorov:
"APEC is a very interesting and important event, although it seems to be an ordinary one. The leaders get together and discuss important issues, but in reality it is the key event in today's global scenario. With the onset of the global economic crisis,with political and economic turbulence, the APEC is a key event in terms of the demonstration of new vectors of unity of the international community outside the United States.

It is clear that it is not a split - everyone still plays by American rules, but the countries already demonstrate their independence in economic policy. I was there and saw how angry Mrs. Hillary Clinton was when she came from China, where several Chinese leaders - especially those who are to become top officials of China next year - did not even want to meet her. In China, Clinton was told no when she wanted to take on mediator's functions in resolving China's territorial disputes with Asian countries.

She also heard no in response to her requirement to set the yuan rate. It is an annual requirement of the United States to China to set the yuan rate for political reasons to pump resources and opportunities from China to the U.S. It is an additional form of tribute from China, which China had to deal with every year for political motives. Nowadays, the U.S. was refused. The world is changing."
Russian President Vladimir Putin clearly expressed his attitude to the dollar as the world reserve currency. In fact, he offered the countries of the world to start building a large number of regional currencies as an alternative to the reserve system of the dollar. This is a strong step and a strong move, including the initiative to switch to mutual payments. He also said that Russia and China had already switched to the system and he urged other countries to follow the example. This shows that the world begins to change fundamentally, and Russia's role at this point is to become the leader in changing the world. I would say that Putin as the leader of the national liberation movement in Russia, demonstrated himself at the event as a leader and provider of ideas for the world national liberation movement against the system of occupation, which was formed after 1991 not only about Russia but also China and many other countries.

From this point of view, it is the key and turning meeting of the leaders of world's largest economies, which creates conditions to reformat the entire economic system of the world - moving away from the U.S. Do not forget that the U.S. consumes a half the world's GDP, despite the fact that there is only 4.5 percent of the population living there. In other words, they eat ten times as much as compared to the citizens of all other countries. And they eat at the expense of China, Russia, India, Brazil - all other countries.

Today, the world begins to unite against the colonizer - USA. For the time being, it is a conceptual and preparatory process, but it takes place. In this regard, I would call the preliminary results of the meeting in the Far East the meeting of the future members of the world national liberation movement to free the world from the U.S. occupation.

Elizaveta Lavrentieva

Pravda.Ru

Tuesday, July 31, 2012

Why The West Is Now Under Nazi Rule And Why The Elite Are In Denial



Why the West is now under Nazi rule and why the elite are in denial
Posted by Benjamin Fulford 

July 31, 2012

A visit to Canada and long conversations with bankers, newspaper editors and others still living inside the “mainstream” story about world events has exposed a deliberate state of factual denial about what is really happening in the Western terrorist states. The editor of a major North American newspaper, for example, made it clear to this writer that he needed to believe the official story about 9/11 and everything else the Western terrorist governments were saying because the alternative would be to radically restructure a world view he created over a lifetime. The bankers and other “elite” also fervently pushed the truth about things like “global warming based on CO2″ but immediately stopped the discussion and changed the subject when evidence was presented showing it was a fraud. The head of a major medical research laboratory, for his part, made it clear that openly researching subjects like bio-weapons (HIV, SARS, “bird flu” etc.) being spread by the cabalists would mean an end to his research institute’s grants, and unemployment for him and his colleagues.

What these highly-intelligent and thoroughly-indoctrinated Westerners all share in common is a financial interest (jobs, salaries and high social status), a family to support and a fear that openly discussing the fascist coup d’état that took place in the West would lead to unemployment, poverty and ostracism. However, when certain key words and phrases are avoided (for example by discussing “oligarchs” instead of “cabalists”) it is clear their world view is beginning to fall apart despite their deep personal need to cling to the “official” Western story. They are like loyal lifetime card-bearing communists speaking in wavering voices of their loyalty to communism just before the fall of the Soviet Union.

The coming autumn chaos will force people like this to finally confront reality.

The newspaper editor, for example, was, after much discussion, willing to agree that 9/11 might have been an inside job but that he had trouble conceiving such a massive conspiracy as being possible. However, when he was given the detailed financial historical background (Green Hilton Memorial, the BIS, the lawsuits against the Federal Reserve Board, the fact the Patriot act is nearly identical to the Nazi constitution etc.), he expressed a willingness to start exposing this stuff in his newspaper. This writer has agreed to provide the paper with fact-checkable articles that will expose the cabal. If all goes well, systematic exposure of the financial fraud behind the Federal Reserve Board and the European Central Bank etc. will begin being published by this paper starting in September. At that time, the paper will be named and links to the articles will be sent to readers. However, the editor of the paper may find that “pressure from above” may force him to back-pedal on his offer to help expose what is really happening.

The head of the medical research team, for his part, promised to discreetly check from a scientific standpoint, if it was really true that SARS and other recent diseases were man-made bio weapons. However, he may find that too much diligent research will lead to a visit from alphabet agency heavies or from the people controlling his grants. We shall see. This award-winning researcher and his team were one of many who had their funding cut off in recent years until they agreed to stop further research into life extension. Instead he is now being forced (by fear of losing financing) to do research into diseases that will require expensive drug therapy to “treat.” If his team can find alternative funding he says they will go back to life extension research.

The bankers were a harder case to deal with, but they did admit that rampant greed and incompetence has thoroughly imperilled the entire banking system. They also expressed surprise that mass arrests of prominent bankers had not begun. Until that happens, they said they will continue to “follow the money.”

One thing that all these highly-educated and intelligent “elitists” showed is that as soon as the ultimate source of money in the West changes, people with a strong financial interest in the status quo will change their stripes overnight. In other words, they will change their worldview or at least their public worldview to suit whoever controls their paychecks.

That is why the current ruling cabal is doing absolutely everything in their power to prevent the control of the creation and distribution of Euros and dollars to be taken away from them. They know that as soon as that happens, the entire house of cards they have built up will collapse. They will continue to fight, kicking and screaming, to preserve the status quo until the very last.

Nonetheless, as the saying goes, denial is not a river in Africa and the unavoidable fact remains that the historical rights to most of the world’s gold (the ultimate basis of the BIS and central banking in the West) do not belong to the cabalists who have been using them. Even if the Western central banks say they are no longer on a gold standard, they still do not have money because the Western countries as a whole have been borrowing from the rest of the world for the past 30 years. The line of credit that made this possible is now drying up and many Western countries have come to the realization they no longer make very much actual “stuff,” they can use to trade with the rest of the world.

In other words, the vast majority of the world’s money that is backed by physical reality (real estate, factories, commodities, manufactured goods) is no longer under their control and that their fraudulent derivative money is being shunned. The 150-nation BRICS alliance is holding almost all the cards now.

The best available intelligence at this point still indicates that this autumn will be a time of major change. The entire Western financial system may be held together with duct tape and rubber bands until the regime changes expected in China and the US in November. However, there is a big September financial deadline that may force changes sooner than then.

Next week this writer will be back in Asia and will be meeting with Chinese and North Korean officials and will report on these meetings. The Chinese have already said that new North Korean dictator Kim Jong-un was “getting too big for his boots.”

There will also be detailed discussion on the nature and history of the Japanese secret society known as “yatagarasu” or the three-legged crow based on information obtained during discussions with members of this group in Tokyo and Kyoto.

Thursday, July 26, 2012

Audit The Fed Passes House of Representatives



http://rt.com/usa/news/house-ron-audit-bill-061/

A bill introduced by Rep. Ron Paul (R-Texas) to audit America’s central bank, the Federal Reserve, passed the US House of Representatives overwhelmingly Wednesday afternoon by a 327-98 vote.

Paul’s ongoing efforts to call for increased transparency in the Federal Reserve have become a hallmark of his tenure in Congress and of his current campaign for the presidency. 

Rep. Paul is still vying for the GOP nomination and intends to speak at the Republican National Convention in Florida next month. And although Paul has as recently as this week refused to endorse presumptive party nominee Mitt Romney, the former Massachusetts governor has supported the congressman’s proposal to audit the Fed.

"Ron Paul's 'Audit The Fed' bill is a reminder of his tireless efforts to promote sound money and a more transparent Federal Reserve," Romney writes on his official Twitter page.

During the Wednesday afternoon vote in Washington, D.C., Paul received backing from all House Republicans but one, as well as support from 89 congressional Democrats.

Rep. Dennis Kucinich (D-Ohio), was among those on the opposing party of Paul’s that still saw reason to support the bill. "The Fed creates trillions of dollars out of nothing and gives it to banks,” Rep. Kucinich said before Wednesday’s vote. “Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark.”

"It is time for us to bring the Fed into the sunshine of accountability," the democratic congressman continued.
House Minority Whip Steny Hoyer (D-Md.) was one of those opposed to the bill, saying that passing it “increases the likelihood that the Fed will make decisions based on political rather than economic considerations, and that is not a recipe for sound monetary policy.”

Ben Bernanke, chairman of the US Federal Reserve has said that, although the Fed is “quite transparent and accountable on monetary policy,” there was room for improvement. Speaking to the House Financial Service Committee last week, Bernanke said the agency still “needs to be transparent and it needs to be accountable,” even though he believes that his quarterly projections and press conferences already allow the central bank to be relatively open with Americans.

Although Wednesday’s vote was a success for the congressman’s efforts to bring added transparency to the Fed, his fight for an audit doesn’t end here. Next the bill will be brought to the Senate for a vote, where it is not expected to pass. If it does clear both sides of Congress, however, it will then be sent to the desk of President Barack Obama for him to sign into law.

Friday, July 13, 2012

A Simple Explanation of Securitization





This was originally written in terms of South African Rand, I've changed Rand into Dollars, and various British spellings for sake of clarity to American readers. I apologize for the lack of attribution, I do not know who the original author is. -AK

A Simple Explanation of Securitization

It is the simple basic task of taking a whole pile of simple single things, joining them all together and calling the collective of them all a new thing, and then selling that thing.

In the banking sector its the taking of a bunch of loans, bundling them together, calling a group of 10 loans a 'structured investment vehicle', and then selling the 'structured investment vehicle' to someone else.

In the Stock Exchange it just taking a group of separate stocks, bundling them together, calling them a unit trust, and selling a unit trust.

In the insurance industry its just taking a bunch of insurance policies, grouping them all together, calling them a re-insurance group, and selling the re-insurance group.

The underlying common principle behind every one of these acts is that the new thing that is formed is not an actual physical thing, and therefore somebody is not paying for an actual physical thing and that is where the whole monetary system collapses.

Its the whole 'widgets in your hand' story.

If you have a factory making widgets and it makes 10 widgets and sells them for $1 each, then the factory has received $10 rand and somebody else has 10 widgets. If that someone else then bunches them together into a 'box of widgets' and sells "A box of widgets" to someone else for $15, then someone else has paid $15 for 10 widgets THAT ARE ONLY WORTH $10.

If that someone else ever tries to sell one of those widgets he has to ask $1.50 for it just to break even, but no-one will ever pay him $1.50 for it because they can buy it from the widget factory for $1.00 already, so at some stage someone will always end up sitting with something that he has paid too much money for that he cannot sell to anyone. And if that someone is a bank, who said to 10 customers give me $1.50 each so that we can buy this 'box of 10 widgets' for$R15, and therefore the bank didn't use their own money, then the bank just turns round to those 10 guys and just says "sorry I've lost your money its not my problem its you who lose out, I'm alright jack because I just get paid a salary for going shopping for "boxes of widgets."  And those 10 customers who gave the bank their money are left sitting with a widget each that they have paid $1.50 for that anyone else can buy at the widget factory for only $1.00.

Monday, July 9, 2012

Modern Banking's Fatal Flaw




This is from South Africa's Mail and Guardian Newspaper.  Thanks again to "African Kabuki" for bringing this to my attention!

http://mg.co.za/article/2012-07-06-modern-bankings-fatal-flaw

Modern banking's fatal flaw
Mail and Guardian
06 JUL 2012 12:00 - RUSSEL LAMBERTI

Economic events around the globe over the past five years have revealed one important fact: the modern banking system is fundamentally dysfunctional.

Does this surprise you? It should not. It has been this way since 1844.

In that fateful year, the British Parliament passed the Bank Charter Act, an attempt to bar commercial banks from engaging in fractional reserve lending.

Back then, people would deposit gold (the money of the day) for safekeeping in bank vaults. The banks would issue depositors with a signed contract stipulating that the bank was obliged to hand over, on demand at any time in the future, a specified weight of gold to the bearer of the contract. These contracts became known as “banknotes”. Because banknotes were a legal claim to ownership of real money in bank vaults, the banknotes of the most trusted and respected banks came to circulate as money substitutes and were hardly ever redeemed for actual gold.

These banks soon realised they could create banknotes that looked just like the original banknotes, with the same contractual stipulations (that is, a claim on gold) and lend them out to merchants at interest. Because hardly anyone actually redeemed their gold, no one realised initially that the banks had created more contractual notes (banknotes) than there was actual gold in the vaults. There was now a pile of new banknotes circulating in the economy, mimicking real banknotes backed by gold.

This was fractional reserve lending.

Creating economic havoc

The injection of excessive monetary liquidity into the economy fuelled euphoric speculative bubbles in asset markets. When these unsustainable bubbles inevitably burst, confidence rapidly deteriorated and people rationally rushed to hold real gold instead of paper claims on gold. Of course, as people flooded the banks with contractual claims on gold, it was quickly discovered that most banks did not have enough gold in their vaults to meet all the claims. This caused even more panic and the resultant run on the banks forced many to declare bankruptcy.

The unredeemable banknotes immediately lost all their value. Huge piles of banknotes stopped circulating, causing monetary liquidity to dry up, leading to further declines in previously overinflated assets and a painful deflationary economic depression – a hangover from the preceding euphoric paper-note inflation and asset bubble.

British legislators rightly wanted to avoid these unnecessarily destructive cycles. The banks’ ability to create banknotes out of thin air and lend them out to merchants was the chief cause of the resulting and destructive boom-bust, inflation-deflation cycle. The Bank Charter Act of 1844 correctly declared this type of lending illegal and barred banks from defrauding the public by issuing banknotes posing illegitimately as gold substitutes.

A loophole

However, despite the noble intentions of the Bank Charter Act of 1844, it contained a fatal flaw, a flaw that still torments the financial system in 2012. For although the Act forbade the creation and lending of counterfeit banknotes, it failed to prohibit another form of unbacked lending that in effect allowed the banks to continue doing what they had been doing before.

Banks carried on lending out more than the actual value of gold in their vaults, but now, instead of issuing physical banknotes, they simply loaned “money” by entering values into borrowers’ personal account records on which cheques could be written for payment. The banks had found a loophole.

These new loans, which reflected as mere entries in cheque accounts, falsely posed as gold substitutes in the same way, though more difficult to detect, as banknotes once had. Destabilising paper-banknote inflation had been stopped, but it had merely been replaced by destabilising check-account inflation.

Put simply, banks continued to lend more money than actual gold on deposit, rendering the financial system as unstable as before.

This practice of inflating cheque or deposit account entries out of thin air remains the modus operandi of all commercial banks to this day. In addition, the very purpose of the central bank – and the monopoly currency production privilege it enjoys through legal tender laws – is to absolve commercial banks from the responsibility of holding real gold money in their vaults and to print paper money when commercial banks are threatened with bank runs and solvency crises.

Unfortunate mistake
The Bank Charter Act of 1844, therefore, was almost the greatest legal advance in the history of modern banking, but it failed to deal with the fundamental problem: fractional reserve lending.

The result of this unfortunate legal mistake in the United Kingdom well over 150 years ago is that today’s banking system remains fundamentally dysfunctional. The best we can expect is incessant financial volatility and uncertainty, if indeed we manage to avoid outright financial and fiscal calamity.

The nub of the problem stems from the symbiosis between politics and banking. Politicians seek access to easy channels of finance; bankers seek favourable regulatory regimes and protections to continue the lucrative yet inherently unstable practice of fractional lending. The central bank, a unique quasi-private/quasi-public institution contrived by politicians and bankers, is the bridge between the two, legislatively authorised to print paper money out of thin air in order to bail out irresponsible banks and governments.

However, as our current global financial crisis demonstrates, central-bank oversight of the fractional banking system does not prevent crises it guarantees them. The central bank’s role as liquidity provider of last resort encourages commercial banks to engage in even riskier fractional lending, inevitably leading to greater illusory euphoria and subsequent solvency crises.

The two greatest economic crises in American history – the Great Depression of the 1930s and the current Great Recession starting in 2008 – have occurred since the creation of the United States Federal Reserve Bank in 1913. The crises that occurred before 1913 were usually the result of legal privileges granted by government to one or more fractional-reserve banks that led to unsustainable lending booms and busts. Moreover, economic crises and painful recessions have occurred in every decade since 1913 and have been particularly severe since 1971 when the US government severed all official links between the US dollar and gold.

No accident
The current financial crisis is no accident. It is the predictable and logical result of fractional reserve banking and the political-legal privileges that make this system possible.

Only a return to legally sound banking principles, the kind the 1844 Bank Charter Act was after, can remedy this unfortunate situation. This requires the abolition of legal tender laws, a return to sound commodity money, monetary deposits to be respected as safekeeping contracts and for banks to loan only those funds previously loaned to them by yield-seeking investors prepared to forgo fully the use of their funds for the term of the loan.

Russell Lamberti is head strategist at ETM Analytics, in charge of global and South African macroeconomic, financial market and policy strategy within the ETM group.

Tuesday, February 21, 2012

SO IT BEGINS - The Take Down of the International Banking Criminal Cabal

SO IT BEGINS, THE GREAT SHITSTORM OF OUR TIME






















Someone is cleaning house on the International Banking and Finance System!


GOVERNMENT RESIGNATIONS

2/6/12
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign

2/20/12 (GERMANY) GERMAN PRESIDENT Christian Ruff resigns (financial corruption charges)
http://www.dailymail.co.uk/news/article-2102524/German-President-Christian-Wulff-forced-resign.html


RESIGNATIONS FROM WORLD BANKS:

(1) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/article-2041385/Oswald-Gruebel-resigns-UBS-boss-steps-Kweku-Adoboli-trading-scandal.html

(2) 10/29/11 (CHINA) Resignations Suggest Shift for China's Banks
http://online.wsj.com/article/SB10001424052970203687504577003734190522426.html

(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-bank-resign

(4) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-11-22/ubs-s-japan-investment-banking-chairman-yasuki-matsui-to-resign.html

(5) 11/29/11 (Iran) Iran's Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlcznz_iran-s-bank-melli-ceo-resigns-over-loan-scam_news

(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/12/15/coutts-fleming-idUSL6E7NF23S20111215

(7) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-steps-down/

(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/ifa-industry/people/saunderson-house-chief-executive-steps-down-M0vEWlpbSqKA3OCLZDCcGM/article.html

(9)1/09/12 (SWITZERLAND) Switzerland's central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html

(10) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/

(11) 1/19/12 (SPAIN) Spanish bank Santander's Americas chief quits
http://www.expatica.com/es/news/spanish-news/spanish-bank-santander-s-americas-chief-quits_202395.html

(12) 1/20/12 (JAPAN) Normura's head of wholesale banking quits
http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-quits.html

(13) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-01-29/new-zealand-reserve-bank-governor-alan-bollard-to-step-down-in-september.html

(14) 1/21/12 (Greece) Banks' top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-banks-top-negotiator-quits-greece-but-talks-go

(15) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html

(16) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiatimes.com/2012-02-07/news/31031134_1_kotak-mahindra-bank-falguni-nayar-shanti-ekambaram

(17) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
http://finance.yahoo.com/news/iran-denies-central-bank-resignation-164154294.html

(18) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/2012-02-09/europe/31040509_1_anti-money-laundering-law-vatican-finances-italian-tv

(19) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML

(20) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/

(21) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html

(22) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html

(23) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/section/news/people/20120214/social-finance-pioneer-hayday-steps-down-charity-bank

(24) 2/15/12 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/

Did the White House tell the World Bank president that he's out?
http://bosco.foreignpolicy.com/posts/2012/02/15/did_the_white_house_tell_the_world_bank_president_that_hes_out

(25) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO's (2) resign
http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html

(26) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/central-banking/news/2152753/parliamentary-committee-calls-kenyan-governor-resign

(27) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php

(28) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us

(29) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill

(30) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested
http://www.telegraph.co.uk/finance/financial-crime/9086930/Senior-bankers-caught-up-in-film-investment-tax-probe.html

(31) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981

(31) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/

(32) 2/17/12 (SWITZERLAND) SNB Council President To Leave Central Bank
http://online.wsj.com/article/BT-CO-20120217-710604.html

(33) 2/18/12 (PAKISTAN) AJK Bank’s executive steps down
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/national/18-Feb-2012/ajk-bank-s-executive-steps-down?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+pakistan-news-newspaper-daily-english-online%2F24hours-news+%28The+Nation+%3A+Latest+News%29

(34) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711

(35) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html

(36) 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25695731

HEDGE FUND INVESTORS IN TROUBLE:

2/15/12 (UNITED KINGDOM) Hedge fund boss whose explosive emails finally caught up with him
http://www.telegraph.co.uk/finance/financial-crime/9085471/Hedge-fund-boss-whose-explosive-emails-finally-caught-up-with-him.html
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