God Save the Queen: Dec 2012 FDIC paper on G-SIFIs (bank demoliton scheme)

[itsunderstood]

http://www.fdic.gov/about/srac/2012/gsifi.pdf

^^^ FDIC PDF, download at your own risk

Resolving Globally-Active, Systemically Important, Financial Institutions

A joint paper by the Federal Deposit Insurance Corporation and the Bank of England

10 December 2012

Executive summary
The financial crisis that began in 2007 has driven home the importance of an orderly resolution process for globally active, systemically important, financial institutions (G-SIFIs).  Given that challenge, the authorities in the United States (U.S.) and the United Kingdom (U.K.) have been working together to develop resolution strategies that could be applied to their largest financial institutions.

[...SNIP...]

Conclusion

In both the U.S. and the U.K., legislative reforms already made or planned in response to the financial crisis provide new powers for resolving failed or failing GSIFIs. The FDIC and the Bank of England have developed resolution strategies that take control of the failed company at the top of the group, impose losses on shareholders and unsecured creditors --not on taxpayers and remove top management and hold them accountable for their actions.

These strategies provide an efficient path for returning the systemically important parts of the GSIFI to the private sector by exchanging or converting a sufficient amount of creditor claims from the failed company into capital in the newly resolved entities. Because the resolution  action is taken at the top of the group and by the home authorities, continuity of all critical services would be maintained and subsidiaries (foreign and domestic) would remain open and operating with access to sufficient liquidity. As a result, the strategy achieves the important goals of imposing market accountability and maintaining financial stability in all jurisdictions in which the firm operates

The FDIC and the Bank of England continue to work to ensure that their respective resolution strategies will be fully operational. Importantly, the process of cross-border dialogue that has facilitated the above strategies reflects a shared public interest in developing the capacity to resolve a GSIFI in a credible and effective manner, and offers a model for multilateral resolution planning more broadly

In lawyer code, I think these terms mean:

shareholders and unsecured creditors = depositors and common stock holders (Cyprus style, money taken, stock certs issued)
taxpayers = Corporations and public entities (Those corporations that allow the market to function, NOT actual humans)

New word alert, its pronounced "Gee-Sigh-Fi" aka "Too Big To Jail"   ...LOL at the classification "Globally Active"  ...Probably connects to UN power schema.  How does a regular human become "Globally-Active"?

[Gator-hex]

Well seeing as the UK taxpayers have already been forced to own 100% Northern Rock, 85% of RBS and 40% of Lloyds, TSB, HBOS it's a bit like closing the stable door after the horse has bolted.

And now Osbourne says the UK taxpayer should back 20% of all future mortgages because people cannot afford deposits. This is the UK equivalent of Fanny Mae and Freddy Mac! More taxpayer funds on the hook for morons who take on too much debt.

Never should a government get in the way of capitalism. Weak hands need to fail and then strong hands can buy the assets and run them better.

[notbrain]

Nobody needs "new powers". We need new laws to prevent these orgs from becoming too big to fail in the first place. What happened to isolation of depositor funds and investment funds? Oh yeah, in the US we removed that law (Glass-Steagall) under Clinton.

In his book Antifragile, N. N. Taleb argues that if you work for a Too Big To Fail (G-SIFI) institution, no one working at such an institution is allowed to earn more individually than the highest paid civil servant. Incentivize corporations to stay small so they can earn more money.

And for fuck's sake, can we go back to isolating depositor and pensioner/fixed income money from the money that banks use to gamble in the capital markets? Until we do, our system will continue to crash and Central Banks will continue to steal from the middle class. This N Korea stuff makes me wonder if the puppet-masters have fully realized this and are planning a diversion.

[itsunderstood]

Nobody needs "new powers". We need new laws to prevent these orgs from becoming too big to fail in the first place. What happened to isolation of depositor funds and investment funds? Oh yeah, in the US we removed that law (Glass-Steagall) under Clinton.

In his book Antifragile, N. N. Taleb argues that if you work for a Too Big To Fail (G-SIFI) institution, no one working at such an institution is allowed to earn more individually than the highest paid civil servant. Incentivize corporations to stay small so they can earn more money.

And for fuck's sake, can we go back to isolating depositor and pensioner/fixed income money from the money that banks use to gamble in the capital markets? Until we do, our system will continue to crash and Central Banks will continue to steal from the middle class. This N Korea stuff makes me wonder if the puppet-masters have fully realized this and are planning a diversion.

Good stuff.  I've not heard of N. N. Taleb.

Yeah I hear Larouche and Co. mention Glass-Steagal a lot.  Essentially I understand the idea of it is to strictly define Investment Banks (speculative) from Deposit Banks (store of citizen wealth)   ...It makes sense, however, the whole idea of fractional banking (take 100 dollars gold and issue 1000 dollars in promissory notes) seems to be flawed.  I know people say "Oh well banks need to operate like that to provide capital for development", but I don't agree.  Fractional reserve banking seems like a giant scam.  I don't like the idea of debt-as-money, and banks should be "run proof" by keeping sufficient reserves, that just seem to be the honest way.  I am interested to hear your thoughts further.

"Dope Inc" [ http://www.amazon.com/Dope-Inc-Drove-Henry-Kissinger/dp/0943235022/ref=sr_1_1?ie=UTF8&qid=1364756653 ] by Larouche which discusses the UK opium war against the world, is one of the best books out there.  Drug trade is surely a weapon, and these too big to fail banks are obviously neck deep in the heroin trade.

I think Larouche has some great minds behind him, their YouTubes are really good.  Though some of his theories seem a bit strange, like Edward Teller was a hero (?!) and that Andrew Jackson was actually a tool of the London banks?  Some of the things Lyndon says, need to be explained more.

[Gator-hex]

take 100 dollars gold and issue 1000 dollars in promissory notes) seems to be flawed.

You need to understand fiat currency is a debt note, it's backed by debt servitude, your need to earn back your debt notes, to pay down your debt, is what give it it's value.

https://www.youtube.com/watch?v=jqvKjsIxT_8

When people stop borrowing, you get less money created, and so deflation.

The system works fine except for the part where politician can take on debt in your name, before you're even born, thus enslaving you!

[itsunderstood]

take 100 dollars gold and issue 1000 dollars in promissory notes) seems to be flawed.

You need to understand fiat currency is a debt note, it's backed by debt servitude, your need to earn back your debt notes, to pay down your debt, is what give it it's value.

https://www.youtube.com/watch?v=jqvKjsIxT_8

When people stop borrowing, you get less money created, and so deflation.

The system works fine except for the part where politician can take on debt in your name, before you're even born, thus enslaving you!

I do understand that Gator-hex and thanks for the sermon.  You are preaching to the choir. 

Yes, I have spoken out on Ye Internetes many times about debt-as-money.  It's bullshit.

Hmmm, how about the document from the OP?  FDIC demolition charges set for the big banks?  Even Bldg 7 came right down into its own footprint.  How strange! 

Planned demolition of banks?  Hmm...  Owning bitcoins is kinda like wearing a parachute while standing on the ground next to a bank that's going to get demolished.  The downward blast of air should fill your parachute and carry you away!  Haha.

Hey Gator-hex, please feel free to use my thread here to describe more about how you understand "sovereign" issues.  Have you read rken's thread at GLP, which describes exchanging FRNs for real money?  Real money of course, is specie, meaning coins of bullion.  Silver or gold coins typically, but hell, even the humble pre-1982 lincoln penny, is true money, because the copper in it is worth about 2.5 cents or 250% of the face value!  Do you store any pennies or nickles?  Also, do you have methods for disputing the 'birth certification' strawman process?  I myself have a few stories to tell about explaining UCC 1-207 to law enforcers.  Most of them just leave me alone after a couple minutes of listening with a confused look on their face.  I always feel it's worth the time to be polite to law enforcers.  Theirs is a tough job, listening to people like me defend the notion of rights.  Ha!

[itsunderstood]

Here's more bank confiscation news:

Global Deposit Confiscation Called For By Influential CEO Of Italy's Largest Bank

5 April 2013

[...]

http://www.goldcore.com/goldcore_blog/global-deposit-confiscation-called-influential-ceo-italys-largest-bank

The CEO of Unicredit Federico Ghizzoni said yesterday that it is “acceptable to confiscate savings to save banks.” He said that the savings which are not guaranteed by any protection or insurance could be used in the future to contribute to the rescue of banks who fail and that uninsured deposits could be used in future bank failures provided global policy makers agree on a common approach.

He called for “a common solution in Europe” saying that the “EU should pass laws identical and shared in different member states”. Indeed he went a step further and called for a global coordination of deposit confiscations to rescue failing banks.

Of course both Germany and Italy were Fascist Nazi countries aligned from their power base in Rome.  And do not forget, that Germany's main accomplishment in WW2 was to create the State of Israel.  Israel (Zion) s a Germany colony.

So this is essentially that same Axis, from Rome, acting in concert.

And the UK of course calls themselves "British Israel" and are very much involved in the WW2 charade (The Phony War as Britons called it) to create the Rothschild State called Israel.

So the NATO powers and the Axis powers agree:  The largest banks can be saved by confiscating your savings. 

[itsunderstood]

More of the same....

http://www.examiner.com/article/largest-dutch-bank-defaults-on-physical-gold-deliveries-to-customers


Largest Dutch bank defaults on physical gold deliveries to customers

April 3, 2013

[...]

ABN AMRO, the largest Dutch bank in the Eurozone, issued a letter to their gold contract customers of failure of delivery, and instead will pay account holders in a paper currency equivalent to the current spot value of the metal.

This is also the case in FOREX markets in the US, that GLD paper doesn't have to be delivered, in the case of default, can be cashed out in FRNs.  Many paper gold longs don't know that.  They think they can demand physical and get it.  Nope.

The goal is to implode FOREX and all the largest banks.  Furthermore:  Consider the tactical sketch of Jim Rickards (gold analyst for the US gov) who surmises that China may call their paper gold in, and simultaneously reveal their cayman contracts which they control through fronts.  Then imagine what will happen if China gets told that they have to accept FRNs for their paper gold?  FURTHERMORE: In the final anaylsis, this is all intended to make the world hate the USA, since it will be seen that it is we, who have lied to the world.  Chinese people will be made to feel that we stole their nations money, and will be used as a UN force to put boots into the US territory, and collect.

Consider: These two banks mentioned in the two posts above, in Netherlands and Italy, have some 1.3 trillion dollars under their control.  One is openly calling for deposit confiscation, the other is announcing the failure of their gold futures market.

Did you know that the Netherlands had more SS members than any other non-German nation?  Also, the German royal family (Sax Coburg Gotha) from which Queen Victoria derived and which took over the UK throne, remains united with their royals family members in the Netherlands and Germany.

Hitler never really intended to go into Britain, operation sealion was a complete joke.  I am not making this up, Hitler's own commander of the Luftwaffe says this himself in the British documentary "The World at War"  ...I forget which episode, but I will find it if anyone is interested.  He says "In my opinion the operation to take Britain was not intended to have any success" and he is nervously looking off camera, even as that documentary was being filmed in the 1970s...  Of course he knew that most of the SS had escaped the WW2 final events, and as of April 1943, the SS and all its bank accounts, went underground (see the "Red House Report" recently declassified).

This is all coordinated.

Now one of the questions out there is "Is bitcoin controlled by these same banker assheads?"  ...I think the answer is probably not.  Bitcoin gives too much freedom and power, to the plebes, to common despised people, the am-haraats, meaning, you and me.

Yay bitcoin!  Free us from tyranny and debt-as-money and all the shecklemongers who even now are winding the world toward the greatest bloodletting ever!  WW2 was nothing compared to what they intend to do to the world this time around.  But yes, bitcoin, could put a serious chink in their plans.  I am buying bitcoins simply because I don't see direct ways that these banking assheads can steal deposits without a lot of effort!  They may steal online wallets like instawallet, but overall, bitcoin allows you more power over your money.

If anyone wants to contribute conspiracy facts and research to this thread, please do.

[itsunderstood]

I intend this to be a general conspiracy against the common man's money thread...

This is topical on this front as well:

http://silverdoctors.com/tungsten-silver-fake-ases-discovered/

Tungsten Silver? Fake ASE’s Discovered
April 5, 2013

Hello Dr. Jeff,

I read you newsletter often and look forward to it on silverseek  as well…

Wanted to let you and readers know, today 4/3/2013, I just received 15 ASE counterfeit fakes, year 2000 from eBay. I thought it was as good deal, also got refund .

I work in radiology and had x-rays taken of real and fake, the fake coin can be x-rayed through; writing clearly visualized and authentic ASE can not (a solid white blank)…some kind of alloy I suspect?… Other similar details to the article in Coin World on the fake 2011 ASE’s coins that turned up in Canada in FEB 2013)…Beware…They are out there!!!!

Face and back images are oriented same (eagle and head up, authentic are opposite) and 2000 date slightly smaller in size than authentic ASE date. Fake coin is minimally thicker and minimally smaller in diameter. Non magnetic also.

Personally I buy FDR dimes pre 1964, since counterfeiting them is not yet profitable.  But Silver Eagles as you can see, are also being forged probably in China.  The pictures enclosed in the link show obvious differences in the fakes.

This is relevant as well, since banks and Treasury officials can go into your safety deposit boxes at any time.  Probably they won't find your bitcoins in there, but if they find silver, or gold, they can take it as contraband.  Well they aren't openly calling gold and silver contraband just YET but its coming very soon. 

I expect bitcoin miners will soon be persecuted and/or killed.  This would have to be done slowly, so as not to be noticed immediately.  I recommend all you miners watch your backs, because soon, bitcoin will be associated with criminality, and the zombie populace will use public shame and neighborhood watch, to hunt you.  No, I am not mining coins yet but if I do begin doing so, I will have my power totally separate from the grid.

I welcome all relevant responses here, as to the idea that banks form cartels which operate conspiratorially to endebt nations and steal money, usually via war.  If you don't think war is a racket, don't bother responding here.  Thanks!

[itsunderstood]

In the post above I said bitcoin will soon be associated with criminality (its already actually happening).

This is an invisible war, and bitcoin is the no mans land, that you have to be brave, to rush into.  Mind bombs, and words like heroin, meth, child pornography, money laundering, every evil black market item, will be used in the media to attack the ownership of uncontrolled monetary freedom such as bitcoin represents.  But words and labels cannot hurt you.  They can however, shape the mindless people around you, some of whom you love.

At the same time, as others have said there is an urge among bitcoin owners to inform their friends.  But I have found severe resistance to this, and I have learned to gauge it very carefully.  Humans fear the unknown.  That's a fact.  And when you start talking about bitcoin, you can see the fog of fear and uncertainty on their faces.

I am saying that this needs to be an offensive war which we win.  How can this be done?  The answer is this:  All people who are experts on bitcoin, need to be ready to endure the meme-associations I list above, and to be ready to defend the nature of freedom.

This may be hard for a lot of people, even those who invest in bitcoin.  These ones, would like to see gangsters and perverts killed, but they can't figure out how to remove such persons from the bitcoin process.  In fact, bitcoin is the great melting pot of freedom.  In the end, you will have to stand for freedom, right next to all the heinous things which have been demonized in the media.

I know in the modern age, we have been encouraged to pick and choose our hypocrisies, but in truth, that is a weapon which the money issuing powers, the shecklemongers, the debt-as-money religious bankers, will use against us.

I know it might be hard for you to defend people whom you do not like.  But indeed, a lack of defense of bitcoin, will allow even more badmouthing of it.  I adjure all freedom loving humans, to examine yourselves for hypocrisy and destroy it within.  The new freedom, involves a ragtag band of criminals (yes and thieves and killers and so forth) who we (the good regular people not thieves killers rapists, etc) will be lumped in with.

Do not feel a need to respond here unless you can grasp what I am saying.  I am going to continue to pack this thread will relevant info, as I have done, on a few of my favorite threads on the conspiracy forums of Ye Internetes.  Indeed, conspiracy is the water the boat of this world floats upon.  And the winds are blowing very hard these days.  Stay frosty my friends.

[itsunderstood]

Ah, it only took 4 months for my thread here to reach the RT broadcasts.  Not bad lag time.

If you are an aged intellectually deficient three toed sloth with slothheimer's dsease.  Good job media hobags!

https://www.youtube.com/watch?v=o-iCYeyGDIw

[itsunderstood]

I am now banned at the last three conspiracy research forums I have posted at; [CENSORED], [CENSORED], and [CENSORED].  The last one I only posted on recently.  All three of these "allow anonymous posters" but that's a lie because they work hard to ban anyone who tries to bring their heads around to truth.  All conspiracy forums are in place to fight the people waking up to the TRUTH of interlocking conspiracy.

All these Conspiro-forumz are dogshit.  They keep up the fences betwixt themselves, to "seem different", when in fact, all the same threads exist in each useless domain.  Their feebleness is evident in their failure to create a central investigation of the 9/11 coup.  The same coupmasters, HATE CRYPTOCOIN.

I will henceforth be using this forum to post conspiracy truth.  WHY?  Because bitcointalk.org is the only true conspiracy research forum around, so far as I can see.  Oh yes I do understand what many of you are saying "Hey, BTC has nothing to do with conspiracy!"  ...Certainly many mods here would mock conspiracy truth.  Such persons are called "Coincidence Theorists", and they are truly the stupidest ones of our time.  I cannot allow such idiots to prevent truthflow.

If you don't think there is conspiracy against bitcoin, you are a fool.  If you don't think NATO-scale wealth confiscation "Cyprus Style", is coming, then you are a fool.

As to the TRUTH of conspiracy, I have said many times that conspiracy is the water, that the ship called society, floats upon.

Here is a sample to try and reach those who are still so immensely stupid:  The Pilot Lone Gunman Episode, broadcast March 2001...

https://www.youtube.com/watch?v=iRtqQLMAZek

Notice that the tech company is called "e-com-con" which is a direct callout to the notion that 9/11 was a military/corporate coup, as "e com con" is the designation from "Seven Days in May", a film about how a few generals and the media, can take over the USA.  I will be using this thread to post truth until this forum stops me.  Conspiracy forums are crap, only BTC matters now, it is the final bulwark against the forces which took over this nation on 9/11/2001.

https://www.youtube.com/watch?v=EsMuK_Sos58