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Deutsche Bank CEO Warns Of “Fatal Consequences” For Savers

Deutsche Bank’s war of words with the ECB is not new: it was first unveiled in February when, as we wrote at the time “A Wounded Deutsche Bank Lashed Out At Central Bankers: Stop Easing, You Are Crushing Us.” Europe’s largest bank, with the massive derivatives book, then upped the ante several months later in June, when its chief economist Folkerts-Landau launched a shocking anti-ECB rant in which it warned of social unrest and another Great Depression.

Ironically, these infamous diatribes hurt more than helped: telegraphing to the market just how hurt DB was as a result of the ECB’s monetary policy, the market punished its stock, which has been recently trading within spitting distance of all time lows, in effect making Deutsche Bank’s life even harder as it now has to contend not only with its own internal profitability problems, but also has to maintain a market-facing facade that all is well. So far, it has not worked out very well, prompting numerous comparisons to another infamous bank.

 

So, in what may have been DB’s loudest cry for help against the ECB’s unwavering commitment to rock-bottom interest rates, the bank’s CEO, John Cryan, warned in a guest commentary ahead of the Handelsblatt Banking Summit titled, appropriately enough “Banks in Upheaval”, to be held in Frankfurt on August 31 and September 1, that “monetary policy is now running counter to the aims of strengthening the economy and making the European banking system safer.

However, his most striking warning was not aimed at Mario Draghi, but at Germany itself – and ostensibly his own clients – implicitly suggesting that if Deutsche Bank goes down it is taking everyone down with it, when, as cited by Bloomberg, he warned of “fatal consequences” for savers and pension plans while “companies refrain from investments due to ongoing uncertainty and demand less loans.”

The details are known to those who have followed the paradox of central bank failure – if only for the economy and ordinary people –  summarized earlier today by Citi’s Matt King.

Quoted by Handelsblatt, Cryan warned that “the ECB’s policy is squeezing the margins of Europe’s struggling banks, making it harder for insurers to find profitable investments and dangerously distorting financial market prices.” Meanwhile, he added, the hoped-for benefits haven’t materialized. “Given the continued uncertainty, companies are holding back on investments and are hardly seeking any credit anymore,” he wrote.

He added that it was unacceptable that financial regulators demanded that banks increase their safety cushions but then imposed punitive interest rates on these additional reserves.

Many agree with Cryan:”The hoped for pan-European investment boost hasn’t happened, and neither have the expected structural reforms in the affected euro member states,” said Georg Fahrenschon, president of the German Savings Bank Association. Instead, uncertainty is growing throughout the euro zone in light of the “horrendous sums of money the ECB is now directly pumping into the markets,” he added.

While Cryan admits that the ECB’s intervention did avoid an all out collapse in Europe it has done so at extreme costs, like negative rates on most German debt. Which is why, Cryan writes it is high time for a change in direction at the ECB. He would say that: his bank is in the midst of a painful restructuring and battling to keep the confidence of investors, so the side effects of the ECB’s policy are causing it particular pain. That’s one reason why Mr. Cryan is particularly critical of the negative interest rate on bank deposits at the ECB. He said net interest income, traditionally the most important pillar of bank earnings in the euro zone, had fallen by 7 percent since 2009.

full article at source:http://www.zerohedge.com/news/2016-08-24/deutsche-bank-ceo-warns-fatal-consequences-savers

comment:

Tip to all Irish savers : If you have money in Allied Irish Bank or even worse Bank of Ireland Get it out NOW !

“Towards Truth”

I am great-full to my good friend Christopher  M. Quigley for sending me this copy for his e-book ” Towards Truth ”  I consider this a must for all seekers !

“The symbol of the Unicorn: The physical world is an allegory of spiritual truth.”

Joining The Dots I have been counseling friend s and family for over two decades following personal search, self-training and private erudition and education. In general I believe over specialization is an error in this post-industrial world. In thought and in spirit we have become atomized. This fracturing of the individual is resulting in the disintegration of personality, mental health, personal effectiveness, happiness and social cohesion. Faulty understanding brings with it erroneous analysis. This leads to wrong conclusions and frustrated endeavor. We need to start “joining the dots” and thinking for ourselves. We need to stop being naive in our thoughts and actions. I recommend that you read comprehensively and transcend the “SUB-SET MODEL” we have been brainwashed into. Herein I have listed some books (with quotes and personal summaries and essays where possible) that have helped me to start to think for myself and pass through the veil that is contemporary “conditioning”. I hope it motivates to commence your own journey of self-realization and conscious growth leading to a new awareness and peace of mind.

Carl Gustav Jung Self-Knowledge: Expressed in the language of Hermetic philosophy, the ego-personality’s coming to terms with its own background, the shadow, corresponds to the union of spirit and soul in the Unio Mentalis, which is the first stage of the coniunctio. What I call coming to terms with the unconscious the alchemists called “meditation.” The Unio Mentalis, then, in psychological as well as in alchemical language, means knowledge of oneself. In contradistinction to the modern prejudice that selfknowledge is nothing but a knowledge of the ego, the alchemists regarded the self as a substance incommensurable with the ego, hidden in the body, and identical with the image of God.

What the alchemists sought, then, to help him out of his dilemma was a chemical operation which we would today describe as a symbol.

 Historical and scientific criteria do not lend themselves to recognition of mythological truth; it can be grasped only by the intuitions of faith or by psychology, and in the latter case although there may be insight it remains ineffective unless it is backed by experience.

Thus the modern man cannot even bring about the Unio Mantalis unless he learns to actually accept the fact of his dreams and fantasies and begins to engage with them. This is where insight, the Unio Mentalis, begins to become real. What you are now creating is the beginning of Individuation, whose immediate goal is the experience and production of the symbol of totality.

The Individuation process subordinates the many to the one. But the One is God, and that which corresponds to him in us is the Imagio Dei, the God image. The God-image expresses itself in the mandala.

The political and social isms of our day preach every conceivable ideal, but, under this mask, they pursue the goal of lowering the level of our culture by restricting or altogether inhibiting the possibilities of individual development. They do this partly by creating a chaos controlled by terrorism, a primitive state of affairs that affords only the barest necessities of life and surpasses in horror the worst times of the so-called Dark” Ages. It remains to be seen whether this experience of degradation and slavery will once more raise a cry for greater spiritual freedom. The problem cannot be solved collectively, because the masses are not changed unless the individual changes. At the same time, even the bestlooking solution cannot be forced upon him, since it is a good solution only when it is combined with a natural process of development. The bettering of a general ill begins with the individual, and only when he makes himself and not others responsible.

Individuation helps this process towards authenticity by balancing the unconscious and the conscious through the medium of the Self rather than the Ego. This involves allowing the matter of the unconscious to be absorbed by the Ego. This matter can be dreams, or fantasy or moods. Through this focusing on the unconscious the center of the personality shifts from an Ego basis to a Self basis. This allows for greater unity, balance, creativity, freedom, energy, courage and synergy.

Thoughts On Good And Evil: (Memories, Dreams, Reflections) Light is followed by shadow, the other side of the creator. This development reached its peak in the twentieth century. The Christian world is now truly confronted by the principle of evil, by naked injustice, tyranny, lies, slavery, and coercion of conscience. Evil has become a determinant reality. It can no longer be dismissed from the world by a circumlocution. We must learn how to handle it, since it is here to stay. How we can live with it without terrible consequences cannot for the present be conceived. In any case, we stand in need of a reorientation, a metanoia. Therefore, the individual who wishes to have an answer to the problem of evil, as it is posed to-day, has need, first and foremost, of self-knowledge, that is, the utmost possible knowledge of his own wholeness.

Our (Christian) myth has become mute, and gives no answers. The fault lies not in it as it is set down in the Scriptures, but solely in us, who have not developed it further, who, rather, have suppressed any such attempts.

The unavoidable internal contradictions in the image of a Creator-god can be reconciled in the unity and wholeness of a self as the coniunctio oppositorium of the alchemists or as a unio mystica. In the experience of the self it is no longer the opposites “God” and “man” that are reconciled, as it was before, but rather the opposite with-in the God-image itself. That is the meaning of divine service, or the service which man can render to God, that light may emerge from the darkness, that the Creator may become conscious of His creation, and man conscious of himself.

By virtue of his reflective faculties, man is raised out of the animal world, and by his mind he demonstrates that nature has put a high premium precisely upon the development of consciousness. Through consciousness he takes possession of nature by recognising the existence of the world and thus, as it were, confirming the Creator.

Meaninglessness inhibits fullness of life and is therefore equivalent to illness. Meaning makes a great many things endurable – perhaps everything………..

see full e book in PDF doc here eBook-Towards Truth – – and Here https://www.scribd.com/document/239407264/Free-eBook-Towards-Truth

Email sent today to Minister Michael Noonan.

sent in to us today :

Dear Minister Noonan,

I attach below an article which appeared in the Sunday Times Business section yesterday 21st August 2016. It outlines how Vulture Funds are receiving 58% discount on mortgage purchases while families are being refused such grace and favour.

I realize that your department is very busy and in no way do I mean to be personally disrespectful but is it not tragic that vulture funds are being granted discounts while families are not?

I understand that this is so because it is politically easy. However, allowing this to occur means that 50,000 families are now exposed to Vulture Fund harassment. Their tactics are rapacious, sometimes involving 10 -20 phone calls a week to family homes and business phone numbers. As a result families are being torn apart, folks’ physical and mental health is being destroyed, the demand for rental accommodation is increasing and in some cases suicide is ensuing.

Please sir I beg you to stop this policy in this state. Have your department, along with the Central Bank, draw up politically acceptable protocols which can “weed out” strategic defaulters from genuine financial hardship. It will not be easy but surely the end justifies the means and is fair and just and proper.

Ireland’s Biggest Bank Charging Depositors – Negative Interest Rate Madness

Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank.

This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.

Bank of Ireland is set to charge large companies for their deposits from October. The bank said it is to charge companies for company deposits worth over €10 million.

The bank was not clear regarding what the new negative interest rate will be but it is believed that a negative interest rate of 0.1 per cent will initially be charged to such deposits by Ireland’s biggest bank.

BOI recently failed the EU stress tests and is seen as one of the most vulnerable banks in the EU – along with Banca Monte dei Paschi di Siena (MPS), AIB and Ulster Bank’s parent RBS. All the banks clients, retail, SME and corporates are unsecured creditors of the bank and exposed to the new bail-in regime.

Irish_banks_stress_tests

 

Only larger customers will be affected by the charge for now. The bank claims that it has no plans to levy a negative interest rate on either personal or SME customers but negative interest rates seem likely as long as the ECB continues with zero percent and negative interest rates. Indeed, they are already being seen in Germany where retail clients are being charged 0.4% to hold their cash in certain banks such as Raiffeisenbank Gmund am Tegernsee.

The news came days after it emerged that FBD, one of Ireland’s largest insurance companies, have been moving cash out of Irish bank deposits and into bonds. Fiona Muldoon, the FBD CEO cited extremely low returns on deposits and bail-ins as the reason they were withdrawing cash from Irish banks and diversifying into corporate and sovereign bonds. Muldoon said as reported by the Irish Independent that

“As they mature, and as the bank bail-in rules come into play, it’s no longer the case that for corporate investors depositing at a bank is risk free,” she added.
“To be honest, the return is abysmal now. We’ve gone back to a more typical investment portfolio for an insurance company.”

“You have to be paid for the risk you take,” she added. “You might entertain the bail-in risk if you were being properly paid. But if you’ve a bank trying to charge you for leaving your money with them, you’re not inclined to take any risk at all.”

The monetary policies being pursued by the ECB and other central banks is making deposits, banks and the banking system vulnerable. Central bank policies are contributing to individuals and companies withdrawing deposits from banks which is making already fragile banks even more fragile.

It is important to note that while there are “deposit guarantees” in place in most jurisdictions in the EU, these guarantees are only as good as the solvency of the nation providing them. Many nations in the EU remain insolvent or at least border line insolvent. Thus, the deposit guarantee level of €100,000 in many EU states and £75,000 in the UK is likely to be arbitrarily reduced to lower levels in the event of deposit “haircuts” in the next banking and financial crisis.

Prudent retail, SME and corporate clients are realising the increasing risks facing their deposits. They can no longer afford to simp………..

full article at source: http://www.zerohedge.com/news/2016-08-22/irelands-biggest-bank-charging-depositors-negative-interest-rate-madness

 

Will Ireland Be First Country In World To See Bail-in Regime?

Deposit bail-in risks are slowly being realised in Ireland, after it emerged overnight that FBD, one of Ireland’s largest insurance companies, have been moving cash out of Irish bank deposits and into bonds.

Revelations regarding deposit bail-in risks came in the wake of warnings of a new property crash centred on the housing market in Ireland. The former deputy governor of the Central Bank warned in an op-ed in a leading international financial publication, Project Syndicate, that Ireland is at risk of another housing market crash.

Insurer FBD has moved over €150 million out of the Irish banking system and into corporate and sovereign bonds over the past year. The move was prompted by low returns offered by bank deposits and the risks that deposit bail-in rules could see deposits confiscated.

FBD chief executive Fiona Muldoon told the Irish Independent that the “extremely low returns offered on term deposits by banks, coupled with fears that new bail-in rules introduced this year by the European Union could expose bank bondholders and depositors to bailing out a failed lender, meant it has shifted investments away from banks.”

The new deposit bail-in mechanism is designed to protect banks and is touted as a way to prevent taxpayers being liable for bailing out collapsed lenders. It is believed that it leaves bank bondholders and deposit customers with more than €100,000 on deposit at risk of footing the bill.

There is a belief that bail-ins only relate to “the wealthy” and “rich” depositors as they will be imposed on those with deposits greater than national deposit guarantees. These deposit “guarantees” are generally the ‘big round’, arbitrary number of say €100,000, $250,000 and £75,000. These are not particularly large amounts and could amount to the entire life savings of a pensioner, a family or indeed it could be the entire capital of a small to medium size business enterprise.

An example of this is the UK where the deposit guarantee was arbitrarily, suddenly and with little fanfare quietly reduced from £100,000 to £75,000 just last year in July 2015.

Thus, it is important to note that the arbitrary round number in the various government deposit guarantees can be, and probably will be, reduced to a lower number – say the new round number of €50,000, £50,000 and $50,000 –  depending on the severity of the next banking crash.

In the event of bail-ins, governments and banks are likely to seek to impose deeper haircuts on creditors including depositors in order to bail-out and protect the failing banking system.

FBD’s deposits with Irish banks were reduced from €451 million to €305 million in recent months. FBD made a €3.1m loss in the first half of the year.

As reported by the Irish Independent:

“As they mature, and as the bank bail-in rules come into play, it’s no longer the case that for corporate investors depositing at a bank is risk free,” she added.
“To be honest, the return is abysmal now. We’ve gone back to a more typical investment portfolio for an insurance company.”

“You have to be paid for the risk you take,” she added. “You might entertain the bail-in risk if you were being properly paid. But if you’ve a bank trying to charge you for leaving your money with them, you’re not inclined to take any risk at all.”

The recent bank stress tests showed that Irish banks are the most vulnerable in the EU in the event of another financial crisis.

Meanwhile, the risk of another property crash centred on the housing market has been warned of by a respected economist. Stefan Gerlach, who left the Central Bank of Ireland earlier this year to become Chief Economist at BSI Bank in Zurich, asked:

“Having endured the collapse of its housing market less than a decade ago, Ireland has lately been experiencing a blistering recovery in prices, which already have risen in Dublin by some 50% from the trough in 2010, is Ireland setting itself up for another devastating crash?”

Among the concerns he expresses in an article titled ‘The Return of Ireland’s Housing Bubble’ for the global finance think-tank Project Syndicate is that the Central Bank here is coming under undue pressure from the construction industry and politicians to relax the loan to value and loan to income ratios on mortgage lending it introduced last year.

He warns that while housing bubbles are easy to spot, there are a number of conflicts of interest that make it hard to take action as the market gets out of control as reported by Newstalk:

“The obvious question is why nobody stepped in before it was too late. The answer is simple: while the bubbles are inflating, many people benefit. With the construction sector thriving, unemployment falling, and banks lending freely, people are happy – and politicians like it that way.”

“Many in Ireland might find that conclusion overly pessimistic. Maybe they are simply hoping that, this time, the luck of the Irish will hold. Perhaps it will, and this time really is different. But there isn’t much evidence of that,” he concludes.

The ‘Bail-in regime’ is one of the greatest financial risks to investors, savers and indeed companies internationally today. Yet it remains the most poorly covered financial risk and is largely ignored by financial advisers, brokers and not surprisingly governments and banks.

The growing financial risk in all western countries has not been properly analysed. In a world already beset with huge deflationary pressures and still insolvent banks, the bail-in regime and confiscating deposits, especially from job creating companies, would be extremely deflationary and would likely contribute to severe recessions.

This is something we warned of when we first conducted our extensive research on the developing global bail-in regimes after the Cyprus bail-ins in 2013. Diversification of deposits remains vital and one important way to protect against a bail-in is owning physical gold. Taking delivery of gold coins and bars and owning bullion in allocated and segregated storage in the safest vaults in the world is a prudent way to protect against the deposit bail-in regime.

Gold and Silver Bullion – News and Commentary

Gold Rises as Fed Rate Hike Bets Recede, Dollar Near June Low (Bloomberg)

Gold steady as U.S. data lowers rate hike prospects (Reuters)

Latest gold, forex rates in UAE (Emirates247)

Bail-in deposit fears spur insurance company move to bonds (Independent)

Ireland warned of new property crash  (Independent)

full article at source:http://www.zerohedge.com/news/2016-08-15/deposit-bail-warning-ireland-bail-risk-uk-very-high

2016 Will End With Economic Instability And A Trump Presidency

Political and economic events tend to swing like a pendulum, or move like the tides.  What you think you know today, according to the mainstream mood, can swiftly change tomorrow.  Sometimes this is mere random coincidence, but often it is engineered by the powers that be.  When discerning coming trends, the only assumption I recommend people operate on is that the globalists will play the long game; the short game is only relevant as far as it serves the long game.

What is the long game?  The globalists have openly admitted their goal in numerous mainstream publications, but my favorite example is the January 1988 issue of the Rothschild run magazine The Economist.  The issue pronounces boldly that investors should “get ready for a global currency” by 2018.  I examine this issue in detail in my article The Economic End Game Explained.

The Economist article mentions the sacrifice of “some” economic sovereignty of nation states, the end of the dollar’s world reserve status and the rise of the IMF’s Special Drawing Rights basket currency mechanism as a “bridge” to a single global currency.  None of these changes can be accomplished without certain parts of the world suffering severe financial instability first.  Not only is this a mathematical inevitability, such crisis is also a useful tool for elitists to mold the public’s collective psychology.

So, let’s make this crystal clear — the long game is the total and OPEN centralization of economic and geopolitical power into the hands of a select few financial elites.  Not the pulling of strings behind the curtain.  Not shadow governance.  OPEN governance of the world by the elites, accepted or even demanded by the people.

There are a lot of assumptions floating around economic conditions and election developments right now that do not take into account this long game.  The first being that globalists “are losing their grip on the situation.”

I would have to disagree.  In terms of political leaders (East and West) and surface economic indicators, the elites have more control than ever.

The argument of the “bumbling globalists” became rather popular the days after the initial success of the Brexit referendum.  This was of course based on the assumption that the Brexit is damaging to the globalists rather than helpful to them.  I outline why the Brexit is a perfect scapegoat for a fiscal downturn engineered by the elites in my article Brexit: Global Trigger Event, Fake Out, Or Something Else?, published before the Brexit vote took place.

Since the referendum, central banks and politicians around the world have begun calling for a single monetary and fiscal policy initiative meant to “head off any ill effects of the Brexit.”  That is to say, the open calls for one economic authority to rule them all have now begun.

The numerous warnings by the financial elites of a coming crisis event have most people in the mainstream and even many alternative analysts scratching their heads.  For those that hyper-focus on stock markets, all seems to be well.  Of course, these people only have an attention span that lasts until the next market ticker opens for the day.  They aren’t looking at the bigger picture.

To be fair, though, the mainstream media is really laying on the fake-out propaganda thick.

July and August have produced considerably strange behaviors from stocks so far, with a record number of days positive, followed by a near-record number of days negative.  I would consider this a form of volatility that should not be overlooked.  The media have so far shrugged off these developments and only noted that stock valuations are still high despite the Brexit “surprise.”  Their assertion has been that the Brexit “had no effect;” completely ignoring the fact that such events can have long term consequences rather than immediate consequences.

Oil prices have plunged back towards lows last seen at the beginning of the year, something I stated would eventually occur after the predictable failure of the OPEC meeting in Doha.  Low global demand continues and production has not slowed in any meaningful way.

There has been a steady correlation the past year between oil and stocks.  The current decoupling is unlikely to last very long and stocks should track down to oil by September as speculators give up trying to hold crude offshore in a useless effort to drive prices higher.  The mainstream has said little to nothing about this decoupling or its eventual consequences.

The past two months of employment numbers have been an epic farce, with the media playing up the supposed number of jobs added while mentioning nothing about the nearly 95 million working age Americans removed from the rolls and no longer counted as unemployed.  That’s almost one third of the U.S. population, and around half of all working age Americans that have no job.

The Bureau of Labor’s claim when cornered by this statistic and the fraudulent nature of their primary employment percentages?  “Those people don’t want to work, therefore they should not be counted…”

The better than expected jobs reports have so far allowed markets to levitate.  I would assert, however, that stocks are merely treading water at the deceptively calm center of a hurricane.

The reality is, they cannot hide an economic collapse forever.  Negative financial effects are going to touch ground somewhere, and the data is going to sneak through.  Case in point; U.S. productivity is now at 37 year lows despite government statistics claiming fully recovered employment.  You would think that in such a happy labor environment portrayed by the BLS productivity would grow.  This is not the case.  Perhaps a total unemployed population of over 100 million people may be contributing to the implosion of U.S. productivity…?

Outside of the U.S., European banks are on the verge of a breakdown, and central bank stimulus measures and rate cuts are adding minimal extra boost to markets.  They aren’t currently falling much, but they aren’t rallying much either.  In essence, equities are becoming stagnant due to artificial support from central banks and there is little incentive for investors to participate any longer.

In light of the latest manipulations of economic data and the jawboning of stocks since March, some alternative analysts have pronounced that the central banks plan to prop up markets “indefinitely,” or at least until Hillary Clinton can win the election.

This is an unfortunate assumption by the alternative crowd…

I remember before the Brexit vote a vast majority of independent economists and liberty analysts argued that the elites would “never allow” the U.K. referendum to pass — that they had the power to rig the vote however they pleased.  If this is the case (and I agree it is the case), then clearly the elites WANTED the Brexit to pass.

It would serve alternative analysts well to recall specifically the rigged polling numbers in the weeks leading up to the Brexit which showed a definite win for the “Stay” crowd.  Interesting how that all turned out, isn’t it?

I am consistently reminded of the Brexit surprise when I look today at the polling numbers on the U.S. election.  The erratic and inconsistent polling shows Trump climbing, then suddenly sinking days later, then climbing again without any clear catalysts.  Many polls contradict each other, just as the polls did before the Brexit, and, the same kind of circus atmosphere is present, if not more prevalent.

It may be possible, if not certain, that this is all a game.  The Brexit outcome was predetermined, which is how elites like George Soros scored successful investment bets on the referendum passing, and the reason why the Bank for International Settlements gathered central bankers from around the world as the vote was taking place.

I believe that the U.S. presidential election has also been predetermined; with a Trump win.  Some people might be confused by this concept.

Trump’s campaign has been consistently compared to the Brexit campaign by globalists in the media, as well as by mainstream pundits.  They call it a “dangerous” trend of rising populists.

The propaganda surrounding the Brexit asserts that the referendum will eventually lead to global economic crisis; and already, central banks and politicians are attempting to tie the Brexit to anything that might go wrong fiscally in the near future.

The propaganda surrounding Trump is the same; that Trump is unfit to lead America and that his economic policies will end in global financial ruin.

One constant connects the Brexit referendum and Trump — both are supported by conservative movements with anti-globalist leanings.

I submit that there is in fact a wider economic crisis on the way, and that the elites plan to use the Brexit and Trump as scapegoats for this crisis.

I have stated this before, but I think the idea needs repeating:  The globalists need the economy to turn unstable in order to create a rationale for a centralized economic authority and a single global currency system.  This is why they have consistently called for a “coordinated global central banking policy” after the Brexit.  This is why they continue to warn of a fiscal crisis even though stock markets remain at all-time highs.

If Hillary Clinton, a well known globalist puppet deep in the bedrock of the establishment, wins the election only to have the economy tank, then the globalists will get the blame.

If Trump is either allowed in office, or is placed in office, and the economy tanks, CONSERVATIVES, the primary enemy of the globalists, will get the blame for the resulting crisis.

To reiterate, the globalists have created the conditions by which an economic crisis can be triggered at the time of their choosing (within certain limits).  They are then either supporting the success of seemingly conservative based movements and candidates, or simply refusing to interfere with them.  This is being done so that the globalists can then blame the crash they created on conservative movements.

This allows them to demonize not just conservatives, but the conservative philosophy in general; labeling it a poisonous ideal akin to fascism.  Their solution?  Erase all elements of conservatism and sovereignty from society for the sake of the “greater good” of the collective.

This is part of the long game.

As I noted after the U.K. referendum, I believe the Brexit to be part of a “one-two-punch combination,” and that the second punch has not arrived yet.  My view appears to be supported by the number of financial elites warning investors to pull out of markets today before it is too late.  Obviously, they know something the rest of the financial mainstream does not.

This sets up the elites as “prophets” rather than criminals, as economic perception turns negative and the public begins looking for answers.

In the meantime, I believe a softer downturn will begin before the election takes place, most likely starting in September.  This will give a boost to the Trump campaign, or at least, that is what the polls will likely say.  I would also watch for some banking officials and media pundits to blame this downturn on Trump’s rise in the polling data.  The narrative will be that just the threat of a Trump presidency is “putting the markets on edge.”

Many claim the Federal Reserve will not raise rates in 2016 with the election threatened by a Trump candidacy.  I believe the Fed will in fact raise rates, as they always do going into major recessions.  If they do not raise rates before the election, they will most certainly raise rates in December if Trump is in the White House.

I realize that many will argue that Trump will “never be allowed to win,” just look at how the media demonizes him.  But this is what people argued before the Brexit, and they were wrong.  I suggest that this demonization campaign is much like the doom and gloom used by globalists before the UK referendum — it is not meant to stop the event.  It is not meant to prevent Trump from getting into office, it is meant to make Trump and conservatives a scapegoat for an impending crisis once he is IN office.

While I certainly am not advocating Hillary Clinton in the Oval Office, I have to point out that a Trump presidency serves the globalist long game better than a Clinton presidency.

First, the elites need an international financial crisis to encourage the public to support a single central bank policy and authority.  They can blame such a crisis on Trump and the Brexit and divert attention away from themselves.

Second, the elites need to remove the philosophy of conservatism as an obstacle to global collectivism and the destruction of national sovereignty.  Again, conservatives will be blamed as participants and co-conspirators in the fiscal crisis, and painted as so devilish that no future generation would want to be a associated with conservative thought.

Third, the elites need to kill the dollar’s world reserve status.  And yes, even this could be blamed on Trump as Saudi Arabia moves away from the dollar as the petro-currency and multiple nations begin to protest Trump’s “isolationism” by dumping the dollar.  In October, China (with the approval of the IMF) begins spreading SDR-based liquidity around the world, launching the next phase of the end of the dollar as world reserve right before the U.S. election climax.

Fourth, the elites need internal conflict within the U.S. and/or martial law in order to justify international intervention.  A Trump presidency will most likely be met with accelerated violence from social justice activists and general riots from the entitlement class.  I believe Trump will use martial law measures, though he probably will not label this “martial law”.  There may even come a day when globalist “leaders” will assert that Trump cannot be allowed access to a nuclear arsenal, and that he must be stopped.

If Trump turns out to be anti-constitution, and the liberty movement acts to stand against him — we will be accused of working for the social justice miscreants, or we will ironically be accused as agents of the globalists.  If we fight against a globalist intervention or the social justice mobs, we will be accused as fascists by the international community.  Truly, with Trump as president, many doors open for the elites.

That said, this does not mean the elites will be ultimately successful in their endeavors.  There are always unknowns to any grand scheme.  As Mike Tyson famously said, “Everyone has a plan until they get punched in the mouth.”  I believe the elites will be surprised by some sizable punches in the mouth.  Until then, though, their current strategy appears to be running on schedule.

source: http://www.alt-market.com/articles/2982-2016-will-end-with-economic-instability-and-a-trump-presidency

 

 

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