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A test for the next banking crisis: Eurozone TBTFs to eliminate competitors!

Do it like the USA! globinfo freexchange According to latest information, the US tax authorities have declared in a secret workshop of representatives of the EU, how to close a bank overnight, if it is broke. Before the announcement of the ECB stress tests, nervousness increases in the EU and the Member States: Apparently, several banks from the ECB's perspective will not be able to survive. If they can not be transferred quickly to a competitor, there will be threatening bank runs. Between representatives of the EU and the United States Deposit Insurance Fund, Federal Deposit Insurance Corporation (FDIC) are practiced secret bank closures overnight. The United States had handled more than 500 banks during the financial crisis. Close to an ailing bank is almost a 'cloak and dagger operation', because this must be done within a very short time. From November, the ECB will take over the banking supervision. For this purpose, a unified processing mechanism i

October 24, 1929: The start of the disaster

The black celebration of capitalism and the big opportunity for the banksters and speculators to gather wealth and power for the first time in such a degree Bought the most productive industry at that time, eliminated thousands of competitors. Unemployment soared, WWII came soon. “ On October 24 ('Black Thursday'), the market lost 11 percent of its value at the opening bell on very heavy trading. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor. The meeting included Thomas W. Lamont, acting head of Morgan Bank; Albert Wiggin, head of the Chase National Bank; and Charles E. Mitchell, president of the National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf. With the bankers' financial resources behind him, Whitney placed a bid to purchase a large block of shares in U.S. Steel at a price well above the current market.” http://en.wikipedi

Ukraine Crisis : 430,000 internally displaced, nearly 400,000 seeking for asylum

“ ... the need for humanitarian aid was rising, particularly around the cities of Donetsk, Kharkiv and Kyiv, and in the Dnipropetrovsk and Zaporizhzia regions. Ukraine's internally displaced population is estimated at 430,000 people, some 170,000 more than at the start of September.” “ Some 95 per cent of the displaced are from eastern Ukraine and are concentrated in Donetsk, Kharkiv, Kyiv and other cities. In all of these areas, UNHCR has been distributing aid among the most vulnerable.” “ While the majority of the displaced people are staying in rented accommodation or with family and friends, at least 14,000 are currently living in collective centres.” “ ... in the Russian Federation, more than 207,000 Ukrainians have applied for refugee status or temporary asylum since the beginning of this year, according to the Federal Migration Service. In addition, some 180,000 Ukrainians have applied for other forms of legal stay in Russia, such as temporary

The “weapon of oil” that brings chaos

Used by the Saudi Arabia and the US against Syria,Iran and Russia globinfo freexchange You can ask any Western diplomat who knows the Middle East, what the term "weapon of oil" means, and he will answer that it's an attempt by the oil-production countries of the Gulf to affect the US-Israel relations by interfering on the international oil price - sometimes by blocking the flow of the "black gold", or, by supplying market with large quantities so that to bring prices down. At least this was the case since the big oil crisis of 1973, until a few years ago, when Saudi Arabia showed that is able to use the "weapon of oil", not against the United States, but in cooperation with them. After the official visit of the US President Barack Obama to Riyadh, there were rumors that the two countries were planning to "drown" global market in oil, in order to reduce prices up to 12 dollars per barrel and hit Russia economica

Η Σαουδική Αραβία κήρυξε πετρελαϊκό πόλεμο

του Άρη Χατζηστεφάνου Ρωτήστε οποιονδήποτε δυτικό διπλωμάτη, που ασχολείται με θέματα Μέσης Ανατολής, τι σημαίνει ο όρος «το όπλο του πετρελαίου» και θα σας απαντήσει ότι είναι η προσπάθεια των πετρελαιοπαραγωγών χωρών του Περσικού Κόλπου να επηρεάσουν τις σχέσεις των ΗΠΑ με το Ισραήλ παρεμβαίνοντας στις διεθνείς τιμές του πετρελαίου – άλλοτε, δηλαδή, μπλοκάροντας τη ροή του μαύρου χρυσού και άλλοτε τροφοδοτώντας την αγορά με μεγάλες ποσότητες προκειμένου να ρίξουν κατακόρυφα τις τιμές. Αυτό τουλάχιστον ίσχυε από την μεγάλη πετρελαϊκή κρίση του 1973 μέχρι πριν από μερικά χρόνια, όταν η Σαουδική Αραβία έδειξε ότι μπορεί να χρησιμοποιήσει το «όπλο του πετρελαίου» όχι εναντίον των ΗΠΑ αλλά σε συνεργασία μαζί της. Όπως είχαμε εξηγήσει από τον περασμένο Μάρτιο, μετά την επίσημη επίσκεψη του Αμερικανού προέδρου Μπαράκ Ομπάμα στο Ριάντ, κυκλοφορούσαν έντονες φήμες ότι οι δυο χώρες σχεδίαζαν να «πνίξουν» την διεθνή αγορά ενέργειας στο πετρέλαιο προκειμένου να ρίξουν τ