Colo. governor wants to keep state in one piece - Washington Times
DENVER | Advocates of the effort to form a 51st state comprised of rural northern Colorado counties will have to do so without the support of Colorado Gov.
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Banking Holiday in Panama Announced! goldseek.com - The National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama says that the reason is to upgrade systems. The Banking Holiday in Panama was announced this am. The National Bank of Panama says that the reason is to upgrade systems.
Submitted by Randy Hilarski:
I am active among the Gold and Silver investing community. We have been discussing at great length about the possibility of bank holidays in countries on the Dollar standard. Could Panama just be the first domino to fall in the banking system? Could this be more than just a system upgrade? Why not tell the people ahead of time to prepare for the closure of the banking system?
What are some reasons for a bank holiday? The National Bank of Panama says it is a system upgrade, I don’t believe it is that simple. Maybe a Dollar revaluation could be coming soon. Maybe it is something more serious like a banking crisis like we had in Indonesia back in 1997 or more recently in Cyprus. I am hoping for the best and preparing for the worst.
What are some things you can do to protect yourself if Panama is just the first signal of a pending banking crisis? First and foremost make sure to have some cash. Second buy the essentials for your family. Be frugal until the storm passes. I know this sounds simplistic, but those who are prepared will be fine.
I feel for the Panama families who live paycheck to paycheck. They were expecting to be paid tomorrow. This is the time that they go grocery shopping, put gas in their cars and pay the bills. This delay will have wide ranging affects on the people of Panama.
Do not be unprepared, you have it within your power to be ready for such a situation!
*Update:
The Clave (Debit Card) system has been taken offline. No wire transfers between banks and internationally until the 1st of October. Panamanians will be required to go to their local bank branch to take out cash.
Notice on the Bank of Panama’s website regarding suspension of service:
English translation:
The National Bank of Panama reports that next Friday September 27 branches across the country will be open only until 12:00 noon. Also, on Saturday 28 and Monday September 30 our branches will be closed.
Our ATM’s, debit card use Banconal of sales points and shops, in addition to banking services and infovoz Online will be unavailable on Saturday 28 and Sunday 29 September.
These suspensions of services are required to implement Phase 2 of the upgrade process of the technological platform of the entity.
/
Israel Prepares to Drill for Oil in Occupied Golan – New Jersey-Based Genie Energy Granted Drilling Rights Global Research - Tel Aviv is close to completing a geological survey of the occupied Golan Heights, where commercial deposits have been discovered. Up to 10 major drilling rigs could soon be pumping oil from the Syrian territory.
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Some Got Warning To Avoid Westgate Before Bloody Siege Paul Joseph Watson - Kenya’s National Intelligence Agency (NIS) warned some people not to visit the Westgate shopping mall in Nairobi before the bloody siege, a warning that was not received by the 67 victims who lost their lives during the attack.
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AMERICANS WARNED BANK 'BAIL-INS' COMING Experts say institutions will grab deposits without warning
WASHINGTON – With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future failures, experts say.
Previously the federal government has taken taxes from consumers, or borrowed the money, to hand out to troubled banks. This could be a little different, and could allow banks to reach directly into consumers’ bank accounts for their cash.
Authority to allow bank “bail-ins” would be in lieu of approving any future taxpayer bailouts of banks that would be in dire need of recapitalization in order to survive.
Some financial experts contend that banks already have the legal authority to confiscate depositors’ money without warning, and at their discretion.
Financial analyst Jim Sinclair warned that the U.S. banks most likely to be “bailed-in” by their depositors are those institutions that received government bail-out funds in 2008-2009.
Such a “bail-in” means all savings of individuals over the insured amount would be confiscated to offset such a failure.
Get “I Want Your Money” and find out what may be coming to your neighborhood.
“Bail-ins are coming to North America without any doubt, and will be remembered as the ‘Great Leveling,’ of the ‘great Flushing’ (of Lehman Brothers),” Sinclair said. “Not only can it happen here, but it will happen here.
“It stands on legal grounds by legal precedent both in the U.S., Canada and the U.K.”
Sinclair is chairman and chief executive officer of Tanzania Royalty Exploration Corp. and is the son of Bertram Seligman, whose family started Goldman Sachs, Solomon Brothers, Lehman Brothers, Bache Group and other major investment banking firms.
Some of the major banks which received federal bailout money included Bank of America, Citigroup and JPMorgan Chase.
“When major banks fail, they are going to bail them out by grabbing the money that is in your bank accounts,” according to financial expert Michael Snyder. “This is going to absolutely shatter faith in the banking system and it is actually going to make it far more likely that we will see major bank failures all over the Western world.”
Given the dire financial straits the U.S. finds itself in, these financial experts say that Congress could look at the example of the European Parliament, which recently started to consider action that would allow banks to confiscate depositors’ holdings above 100,000 euros. Generally, funds up to that level are insured.
Finance ministers of the 27-member European Union in June had approved forcing bondholders, shareholders and large depositors with more than 100,000 euros in their accounts to make the financial sacrifice before turning to the government for help with taxpayer funds.
Depositors with less than 100,000 euros would be protected. Considering protection of small depositors a top priority, the E.U. ministers took pride in saying that their action would shield them.
“The E.U. has made a big step towards putting in place the most comprehensive framework for dealing with bank crises in the world,” said Michel Barnier, E.U. commissioner for internal market and services.
The plan as approved outlines a hierarchy of rescuing struggling banks. The first will be bondholders, followed by shareholders and then large depositors.
Among large depositors, there is a hierarchy of whose money would be selected first, with small and medium-sized businesses being protected like small depositors.
“This agreement will effectively move us from ad hoc ‘bail-outs’ to structured and clearly defined ‘bail-ins,’” said Michael Noonan, Ireland’s finance minister.
The European Parliament is expected to finalize the plan by the end of the year.
The purpose of this “bail-in,” patterned after the Cyprus model, is to offset the need for continued taxpayer bailouts that have come under increasing criticism of the more economically well-off countries such as Germany.
Last March, Cyprus had agreed to tap large depositors at its two leading banks for some 10 billion euros in an effort to obtain another 10 billion European Union bailout.
While this action prevented the collapse of Cyprus’ two top banks, the Bank of Cyprus and Popular Bank of Cyprus, it greatly upset depositors with savings more than 100,000 euros.
WND recently revealed that the practice of “bail-ins” by Cyprus a year ago was beginning to spread to other nations as large depositors began to see their balances plunge literally overnight.
A “bail-in,” as opposed to a bailout that countries especially in Europe have been seeking from the International Monetary Fund and the European Union, is a recognition that such outside monetary injections won’t be forthcoming.
Sinclair said that the recent confiscation of customer deposits in Cyprus was not a “one-off, desperate idea of a few Eurozone ‘troika’ officials scrambling to salvage their balance sheets.”
“A joint paper by the U.S. federal Deposit Insurance Corporation (FDIC) and the Bank of England (BOE) dated December 10, 2012 shows, that these plans have been long in the making, that they originated with the G20 Financial Stability Board in Basel, Switzerland, and that the result will be to deliver clear title to the banks of depositor funds,” Sinclair said.
He pointed that while few depositors are aware, banks legally own the depositors’ funds as soon as they are put in the bank.
“Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay,” Sinclair said.
“But until now, the bank has been obligated to pay the money back on demand in the form of cash,” he said. “Under the FDIC-BOE plan, our IOUs will be converted into ‘bank equity.’ The bank will get the money and we will get stock in the bank.”
“With any luck,” Sinclair said, “we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.”
Such plans already are being used, or under consideration, in New Zealand, Poland, Canada and several other countries.
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'Really Frightening' First Cases Of Flesh-Eating Drug Krokodil Surface in US - photos here link only you want to see very awful https://www.google.com/search?aq=hts&rlz=1T4NDKB_enUS545US546&q=Krokodil&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi&ei=59pGUobTA-SOyAGPp4GoCQ#facrc=_&imgdii=_&imgrc=JnEEtnGZ_oSs2M%3A%3BxPBGiJ2GylLUrM%3Bhttp%253A%252F%252Fredhotrussia.com%252Fwp-content%252Fuploads%252F2012%252F11%252Fconsequences-of-krokodil.jpg%3Bhttp%253A%252F%252Fredhotrussia.com%252Fkrokodil-russian-drug%252F%3B540%3B358
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Obama Care and Budget Fight, Government Shutdown, Fall 2013 Crop Report & More
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Banking Holiday in Panama Announced! goldseek.com - The National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama says that the reason is to upgrade systems. The Banking Holiday in Panama was announced this am. The National Bank of Panama says that the reason is to upgrade systems.
Submitted by Randy Hilarski:
I am active among the Gold and Silver investing community. We have been discussing at great length about the possibility of bank holidays in countries on the Dollar standard. Could Panama just be the first domino to fall in the banking system? Could this be more than just a system upgrade? Why not tell the people ahead of time to prepare for the closure of the banking system?
What are some reasons for a bank holiday? The National Bank of Panama says it is a system upgrade, I don’t believe it is that simple. Maybe a Dollar revaluation could be coming soon. Maybe it is something more serious like a banking crisis like we had in Indonesia back in 1997 or more recently in Cyprus. I am hoping for the best and preparing for the worst.
What are some things you can do to protect yourself if Panama is just the first signal of a pending banking crisis? First and foremost make sure to have some cash. Second buy the essentials for your family. Be frugal until the storm passes. I know this sounds simplistic, but those who are prepared will be fine.
I feel for the Panama families who live paycheck to paycheck. They were expecting to be paid tomorrow. This is the time that they go grocery shopping, put gas in their cars and pay the bills. This delay will have wide ranging affects on the people of Panama.
Do not be unprepared, you have it within your power to be ready for such a situation!
*Update:
The Clave (Debit Card) system has been taken offline. No wire transfers between banks and internationally until the 1st of October. Panamanians will be required to go to their local bank branch to take out cash.
Notice on the Bank of Panama’s website regarding suspension of service:
English translation:
The National Bank of Panama reports that next Friday September 27 branches across the country will be open only until 12:00 noon. Also, on Saturday 28 and Monday September 30 our branches will be closed.
Our ATM’s, debit card use Banconal of sales points and shops, in addition to banking services and infovoz Online will be unavailable on Saturday 28 and Sunday 29 September.
These suspensions of services are required to implement Phase 2 of the upgrade process of the technological platform of the entity.
/
Israel Prepares to Drill for Oil in Occupied Golan – New Jersey-Based Genie Energy Granted Drilling Rights Global Research - Tel Aviv is close to completing a geological survey of the occupied Golan Heights, where commercial deposits have been discovered. Up to 10 major drilling rigs could soon be pumping oil from the Syrian territory.
/'
Some Got Warning To Avoid Westgate Before Bloody Siege Paul Joseph Watson - Kenya’s National Intelligence Agency (NIS) warned some people not to visit the Westgate shopping mall in Nairobi before the bloody siege, a warning that was not received by the 67 victims who lost their lives during the attack.
/
POLITICS 'HAVE REACHED CIVIL WAR LEVELS'...
Obama: 'I will not negotiate'...
'Shutdown' looms...
PALIN WARNS: 2014 'Just Around the Corner'...
/
Group Set to Raise Confederate Flag Along I-95...
/
PHOTO: Ted Cruz Kneels in Prayer Outside White House...
/
More body parts found in sewer system around Detroit...
----
Feds to pour hundreds of millions into broke Detroit...
City eyes freezing pensions...
/
Peter Schiff ~ Gov’t Takes Money From People & Gives It To Other People Who Didn’t Earn It
/Jim Rogers On US Government, Debt, Crisis, Economic Predictions, The Value of Gold and Silver Coins
/
ALERT: Russia, China Hold Large-Scale War Games Preparing For Global Economic Reset
/
Visa Goes Anti-Gun: Restricts America’s Largest Gun Store From Processing Transactions
/
20 Obama Quotes About Islam Contrasted With 20 Obama Quotes About Christianity
/
OBAMA NEGOTIATES WITH TEHRAN BUT NOT REPUBLICANS IN CONGRESS
/
J.C. Penny And Goldman: Lies, Scams, And Rip-Offs
/
AMERICANS WARNED BANK 'BAIL-INS' COMING Experts say institutions will grab deposits without warning
WASHINGTON – With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future failures, experts say.
Previously the federal government has taken taxes from consumers, or borrowed the money, to hand out to troubled banks. This could be a little different, and could allow banks to reach directly into consumers’ bank accounts for their cash.
Authority to allow bank “bail-ins” would be in lieu of approving any future taxpayer bailouts of banks that would be in dire need of recapitalization in order to survive.
Some financial experts contend that banks already have the legal authority to confiscate depositors’ money without warning, and at their discretion.
Financial analyst Jim Sinclair warned that the U.S. banks most likely to be “bailed-in” by their depositors are those institutions that received government bail-out funds in 2008-2009.
Such a “bail-in” means all savings of individuals over the insured amount would be confiscated to offset such a failure.
Get “I Want Your Money” and find out what may be coming to your neighborhood.
“Bail-ins are coming to North America without any doubt, and will be remembered as the ‘Great Leveling,’ of the ‘great Flushing’ (of Lehman Brothers),” Sinclair said. “Not only can it happen here, but it will happen here.
“It stands on legal grounds by legal precedent both in the U.S., Canada and the U.K.”
Sinclair is chairman and chief executive officer of Tanzania Royalty Exploration Corp. and is the son of Bertram Seligman, whose family started Goldman Sachs, Solomon Brothers, Lehman Brothers, Bache Group and other major investment banking firms.
Some of the major banks which received federal bailout money included Bank of America, Citigroup and JPMorgan Chase.
“When major banks fail, they are going to bail them out by grabbing the money that is in your bank accounts,” according to financial expert Michael Snyder. “This is going to absolutely shatter faith in the banking system and it is actually going to make it far more likely that we will see major bank failures all over the Western world.”
Given the dire financial straits the U.S. finds itself in, these financial experts say that Congress could look at the example of the European Parliament, which recently started to consider action that would allow banks to confiscate depositors’ holdings above 100,000 euros. Generally, funds up to that level are insured.
Finance ministers of the 27-member European Union in June had approved forcing bondholders, shareholders and large depositors with more than 100,000 euros in their accounts to make the financial sacrifice before turning to the government for help with taxpayer funds.
Depositors with less than 100,000 euros would be protected. Considering protection of small depositors a top priority, the E.U. ministers took pride in saying that their action would shield them.
“The E.U. has made a big step towards putting in place the most comprehensive framework for dealing with bank crises in the world,” said Michel Barnier, E.U. commissioner for internal market and services.
The plan as approved outlines a hierarchy of rescuing struggling banks. The first will be bondholders, followed by shareholders and then large depositors.
Among large depositors, there is a hierarchy of whose money would be selected first, with small and medium-sized businesses being protected like small depositors.
“This agreement will effectively move us from ad hoc ‘bail-outs’ to structured and clearly defined ‘bail-ins,’” said Michael Noonan, Ireland’s finance minister.
The European Parliament is expected to finalize the plan by the end of the year.
The purpose of this “bail-in,” patterned after the Cyprus model, is to offset the need for continued taxpayer bailouts that have come under increasing criticism of the more economically well-off countries such as Germany.
Last March, Cyprus had agreed to tap large depositors at its two leading banks for some 10 billion euros in an effort to obtain another 10 billion European Union bailout.
While this action prevented the collapse of Cyprus’ two top banks, the Bank of Cyprus and Popular Bank of Cyprus, it greatly upset depositors with savings more than 100,000 euros.
WND recently revealed that the practice of “bail-ins” by Cyprus a year ago was beginning to spread to other nations as large depositors began to see their balances plunge literally overnight.
A “bail-in,” as opposed to a bailout that countries especially in Europe have been seeking from the International Monetary Fund and the European Union, is a recognition that such outside monetary injections won’t be forthcoming.
Sinclair said that the recent confiscation of customer deposits in Cyprus was not a “one-off, desperate idea of a few Eurozone ‘troika’ officials scrambling to salvage their balance sheets.”
“A joint paper by the U.S. federal Deposit Insurance Corporation (FDIC) and the Bank of England (BOE) dated December 10, 2012 shows, that these plans have been long in the making, that they originated with the G20 Financial Stability Board in Basel, Switzerland, and that the result will be to deliver clear title to the banks of depositor funds,” Sinclair said.
He pointed that while few depositors are aware, banks legally own the depositors’ funds as soon as they are put in the bank.
“Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay,” Sinclair said.
“But until now, the bank has been obligated to pay the money back on demand in the form of cash,” he said. “Under the FDIC-BOE plan, our IOUs will be converted into ‘bank equity.’ The bank will get the money and we will get stock in the bank.”
“With any luck,” Sinclair said, “we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.”
Such plans already are being used, or under consideration, in New Zealand, Poland, Canada and several other countries.
/
Northwest Winterlike Storm Threatens Major Flooding
/
Congress Moves to Outlaw Alternative Media
/
Your Choices: Blue Cross or Blue Shield – Revealed: Obamacare Wipes Out Choice, Creates Insurance Monopolies
/
Pakistan's New Quake Island Emits Methane Gas
/
Obamacare Online Sign-Up Delayed for Small Businesses, Spanish Speakers
/
Why the FISA Court Is Unconstitutional
/
Warning: Scientists Confirm Artificial Sweeteners Cause Obesity
/
'Really Frightening' First Cases Of Flesh-Eating Drug Krokodil Surface in US - photos here link only you want to see very awful https://www.google.com/search?aq=hts&rlz=1T4NDKB_enUS545US546&q=Krokodil&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi&ei=59pGUobTA-SOyAGPp4GoCQ#facrc=_&imgdii=_&imgrc=JnEEtnGZ_oSs2M%3A%3BxPBGiJ2GylLUrM%3Bhttp%253A%252F%252Fredhotrussia.com%252Fwp-content%252Fuploads%252F2012%252F11%252Fconsequences-of-krokodil.jpg%3Bhttp%253A%252F%252Fredhotrussia.com%252Fkrokodil-russian-drug%252F%3B540%3B358
/
Obama Care and Budget Fight, Government Shutdown, Fall 2013 Crop Report & More
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American Truckers Roar"
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SECESSION: Northern California to Secede from State?
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