Spanish Mattress Firm to Sell Model With Built-In Safe!

April 1, 2013 By 10 Comments

mattress safeWhile we are awaiting confirmation as to whether they intend to bring the product to market or have just launched a clever marketing scheme based on the European banking crisis in the aftermath of the Cyprus bail-in, Spanish mattress company Mi Colchón has released a Hollywood like theatrical advertisement promoting the “safest vault in the world”:  the world’s first mattress safe.

CRISIS: Spanish banks collapse
Spaniards fear for their money, and no longer sleep well.
DES’S experts on sleep and rest presents the solution….
THE FIRST MATTRESS WITH A SAFE!!
Sleep tight and with your money safe and away from banks.

The must see 120 second clip is below: [Read more...]

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Cyprus, Troika Agree to 20% Tax on Deposits over €100,000 at Bank of Cyprus

March 24, 2013 By 15 Comments

Cyprus haircutsRT reports that Cyprus & Troika officials have agreed to a 20% haircut on all deposits over €100,000 at Bank of Cyprus, and 4% on deposits at other Cypriot banks…
Which essentially means nothing until the measure is passed by the Cypriot Parliament. 

With the ECB/IMF threatening (bluffing) to kick Cyprus out of the Eurozone unless €5.8 billion is raised/ stolen from Cypriot depositors by Monday, the next 24 hours should be quite interesting as we see whether Cyprus holds its ground and follows in the footsteps of Iceland, or kowtows to the ECB bureaucrats and agrees to a 20% theft of it’s wealthiest citizens.  (particularly following yesterday’s report that insiders tipped off the majority of wealthy Russians in the days leading up to last Friday’s announcement, meaning Russian wealth is already looong gone)  [Read more...]

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ECB Enacts Capital Controls, Cypriot Savings Accounts Will Remain Frozen When (if) Banks Reopen!

March 22, 2013 By 31 Comments

Cyprus bank freezeGermany’s Handelsblatt reports early Friday that the ECB has informed Cypriot authorities that due to a guaranteed epic bank run of their own making that will undoubtedly begin the moment Cyprus’ banks re-open, the ECB intends to enact capital controls when (if) the Cypriot banking system re-opens next week, and that the ECB intends to enforce the capital controls unilaterally!

Handelsblatt claims Cypriot Central Bank sources have stated that the ECB intends to freeze all Cypriot savings accounts indefinitely, greatly reduce the maximum amounts of ATM withdrawals, and will require Central Bank approval for all bank transfers! [Read more...]

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JS Kim: We’ve All Been Cyprus’d Already!

March 20, 2013 By 10 Comments

cyprusIn this excellent report by SmartKnowledgeU’s JS Kim, JS discusses the attempted theft of 10% of Cypriot funds by the European banksters, and points out that the Western Central banksters have routinely been executing a far greater theft against everyone than any of the numbers proposed in Cyprus.

People are rightfully infuriated over the bankers’ attempt to steal 10%+ of all Cyprus bank accounts recently to bail out the banks. What people must realize is that bankers have been executing a far greater theft against all of us through inflation than the proposed Cyprus theft and here’s what we can do to stop it. [Read more...]

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THE RAPE OF CYPRUS & THE EURO ZONE: Harley Schlanger

March 20, 2013 By 8 Comments

CyprusOur friend Sean from SGTReport has released an interview with Harley Schlanger discussing how the Cyprus depositor haircut was merely a test run for the real wealth confiscation events planned for Italy, Spain, and France.

This is a 25-minute uninterrupted conversation with Harley Schlanger, historian and national Spokesperson for LaRouchePAC. Harley and I discuss the latest from Cyprus and the Euro Zone where the Banksters in Germany, in the City of London and at the IMF have reached new levels of criminality. Make no mistake about it, as bad as the attempted THEFT in Cyprus is, the real risk is in Italy and France which owe HUNDREDS of BILLIONS. Cyprus is merely a litmus test for what the Banksters would really like to do, which is to RAPE the entire Euro Zone in order to “save” the criminal banks and save their overtly criminal, overtly evil system. [Read more...]

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Eurozone/IMF Trigger Collapse For a Lousy €10 Billion! – Are They Pulling the Plug?

March 18, 2013 By 31 Comments

bank collapseSubmitted by Bill Holter:

The news over the weekend is that the Cyprus banking system will have a “holiday” on Monday which was “scheduled” AND at least Tuesday which was not.  The ECB and IMF wanted a 40% haircut and apparently the deal reached is one where balances under €100,000 will be reduced by 6.75% and by 9.9% for those over €100,000.  Understand that much of what is deposited in Cyprus are funds from wealthy Russian oligarchs and mafia. 

This is a disaster on so many levels I can’t even count them all.  First off, what happened to the rule of law?  I thought that in a capitalistic society that equity holders lose first, then preferred shareholders followed by unsecured then secured debtors…DEPOSITORS are the absolute last in line to lose money.  This is being called a “tax”, when in reality it is outright theft! 

In this case the depositors are first in line which will surely cause a bank run in Cyprus…which will be followed by runs in other places like Greece, Spain, Italy and Portugal.  Make no mistake, this could turn into something ugly and HUGE very quickly as the world runs entirely on confidence and won’t run without it.

Investors (depositors) the world over will see this and shortly understand that the rule of law is no longer and that “possession” is now more than 9/10th’s of the law.  The possibility exists that within 2 weeks the entire system is shuttered. 
[Read more...]

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Cypriot Bailout Vote Delayed Again, Bank Holiday Extended Through Friday!

March 18, 2013 By 28 Comments

bank-holidayYesterday the scheduled Parliament vote on the Cyprus bank bailout was delayed till 4pm Monday as the banksters were short 33% of the necessary votes to pass the wealth confiscation tax/theft. 
Overnight, the ECB/IMF banksters rushed to change the tax to hit foreigners with a higher tax relative to native Cypriots (with the highest tax rate now reportedly OVER 15%!).
Apparently that was not enough to twist the arms of enough of the Cypriot Parliament, as today’s bailout vote has just been delayed until 4pm Tuesday, and the bank holiday extended through Friday!   The bailout vote reportedly is facing such a lack of support that the vote may be delayed further until Friday! [Read more...]

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ECB/IMF Banksters Attempting to Increase Cypriot Haircuts to 13% For Large Accounts!

March 18, 2013 By 16 Comments

haircutThis afternoon we reported that the Cypriot Parliament vote on the depositor banking haircut had been delayed until Monday as the banking cartel was 33% short of the necessary votes needed to pass the bail-in/ wealth confiscation.
In a desperate attempt to appease Cypriots and pass the measure Monday, RT reports that the IMF is discussing reducing the wealth confiscation for deposits under €100,000 to 3%, and compensating by raising the tax to approximately 13% on larger accounts (i.e. wealthy foreign Russian oligarchs).   [Read more...]

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Cyprus Parliament Delays Bailout Vote, Bank Holiday Extended to Tues, President Warns Banks Will Collapse if Not Passed

March 17, 2013 By 69 Comments

gold repatriationIn his interview with The Doc last week, Jim Willie stated that THE COLLAPSE IS ON OUR DOORSTEP! and made the case that the great financial reset will begin with a small trigger in Europe.
The Cypriot depositor haircut to bailout the Cypriot banking system is beginning to look like it could be just that trigger, as the situation has turned from bad to worse.

With the general public in an uproar, the ratification vote by the Cypriot Parliament on the depositor haircut/ daylight robbery has been delayed until 4pm local time Monday as the vote reportedly had lost sufficient support to pass!  Ahead of today’s scheduled vote, the plan was 9 votes short in a 56 seat legislature!
In response, Cypriot President Nicos Anastasiades threatened that if the depositor haircut is not passed, the entire Cypriot banking system will collapse, and former Central Bank President Afxentis Afxentiou claimed that if the bill is not passed, Cyprus opens the road to chaos, and that Cyprus will turn into Libya! [Read more...]

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Jim Willie: The Collapse is At Our Doorstep!

March 17, 2013 By 45 Comments

Jim Willie collapse

*Editor note: Willie’s prediction that a European triggered complete collapse is at our doorstep is looking extremely timely with Europe staring a banking crisis in the face in the wake of the Cypriot depositor haircut announcement.

The Golden Jackass Jim Willie sat down with The Doc this weekend for the second part of an extraordinary interview regarding gold, silver, and what Willie believes will soon be a massive European banking collapse.

Willie states that a global financial collapse is now at our doorstep, and that the endgame will be triggered by a small-medium sized bank failure in Europe.

Willie informs SD readers that the coming European bust will ignite a global Gold rush as the only remaining safe haven, will see an end to the reserve status of the USdollar, and will result in the arrival of the Gold Trade Finance platforms. 

Willie also discusses The Fed’s futile attempts to re-inflate the housing bubble, and the series of climax events that will bring a breath-taking global financial collapse to our doorstep!

The Golden Jackass states that the coming collapse will devastate everyone in the West except those who are bold enough and brave enough to buy gold & silver NOW!

Jim Willie’s second part of an explosive, 2-part interview with The Doc is below:  [Read more...]

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Jim Willie: I’d Welcome a Gold Move to $1450 & A Silver Move to $25!

March 11, 2013 By 27 Comments

jim willieThe Golden Jackass Jim Willie sat down with The Doc this weekend for an extraordinary interview regarding gold, silver, and what Willie believes will soon be a massive European banking collapse. 

Willie states that a Big European Bust is Coming- evidenced by the fact that European banks received $1.2 trillion from the NY Fed in January alone!
Willie states that the coming European bust will ignite a global Gold rush, a massive short covering rally, and will result in a powerful 30% to 50% rise in the gold price!

Willie also discusses gold and silver backwardation, the recent paper raids, and whether or not the metals face the risk of a 2008 type collapse as the Western financial markets go down in flames!

Jim Willie’s first of an explosive, 2-part interview with The Doc is below: [Read more...]

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Deepcaster: Investment-Critical Baseline Realities in a World of Currency Devaluation

February 3, 2013 By 8 Comments

Submitted by Deepcaster:

“Money printing creates illusory wealth and buys time, but if it was truly the answer to a deleveraging cycle, Zimbabwe would be a member of the G10.“

The recent Equities Rally and Glimmers of Economic Recovery are Artificial because they have been bolstered up on a Tide of Central Bank created liquidity (via QE etc.).
They have not been generated in the healthy sustainable way by savings and Investment.   Therefore, it is highly likely they are Transitory.

Given the Daunting Challenges facing the U.S., Eurozone, China, Japan, and other economies, and the understandable Investor uncertainty about how these challenges will be met, it is essential to review Key Baseline realities Critical to Profitable Investing.
As repeated Doses of QE become less effective, the Central Banks, specifically The Fed and BOJ, resort to a related Baseline Reality: Money-Printing-to-a-greater Degree than other Central Banks, i.e., to Currency Devaluation.

[Read more...]

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