There seems to be internet problems going on. Is this connected to Planet X? [and from another]  A Lloyds Banking Group spokeswoman said the three-hour outage had been resolved. A technical problem left customers at the U.K.'s largest bank unable to make purchases or withdrawals using their payment cards. [and from another]  Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it. [and from another]  The People’s Bank of China, the central bank, has just ordered commercial banks to halt cash transfers. In short, there will be a three-day suspension of domestic renminbi transfers.  There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency. The specific reason given—“system maintenance” at the central bank—is preposterous.  It is not credible that during the highest usage period in the year—the weeklong Lunar New Year holiday beginning January 31—the central bank would schedule an upgrade and shut down cash transfers. [and from another]  Russia’s top monetary authority slammed digital currencies, warning that Bitcoin use can lead to criminal charges in the country. The anonymously produced “virtual currencies” can be intended by its producers for money laundering and terrorism funding purposes, the Central Bank said in a statement. This means that Russian digital currency users can become involved in criminal activity simply by using the Bitcoin and its analogues.

Suddenly banks are tightening the rules and the reins, all in the weeks ahead of the anticipated announcement admitting that Nibiru exists and is nearby. Is there a relationship? We predicted that banks would limit their hourslimit their withdrawals, and even be closed temporarily if a panic ensued. The likely time when such steps would be viewed as necessary would be during the announcement and shortly thereafter. One of the first reactions in a populace taken by surprise by the announcement would be to stock up on food, gasoline, and cash. The banks are anticipating a run on their ready cash, which frankly is not in hand! 

The complicated world of paper money is such that banks are not required to hold what is technically owned to depositors in the form of cash. It is, therefore, technically impossible for a bank to payout savings to depositors, on demand. This likewise guts their standing, as to issue loans they have to have backing for the loans, and savings is one of the pillars their house of cards stands upon. For both those reasons, a run on a bank, whereby depositors try to pull out their savings, would be sharply limited during a panic. The steps taken by banks in the UK and and elsewhere are only part of the picture, as most limitations already in place have not yet hit the media. 

Source: ZetaTalk Chat Q&A for February 1, 2014

Views: 3831


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Comment by Starr DiGiacomo on June 4, 2014 at 2:30am

Ex-banker falls 1000ft off cliff in fatal Highlands hiking accident

Daniel Leaf, 55, from Edinburgh, who died after falling off a cliff an a hillwallking accident in the Cairngorms. Image from his former company Saracen.Death: Daniel Leaf dies after falling off cliff in Cairngorms hillwalking accident.

A former banker has died after plunging 1000ft off a cliff in a hillwalking accident in the Highlands.

Daniel Leaf, 55, from Edinburgh, was involved in the accident while on a walking trip on Saturday.

Members of the group he was with called the emergency services after the fall at The Prow on Ben Alder.

The father-of-one was airlifted to hospital by a Navy rescue helicopter, but died from his injuries shortly afterwards.

Mr Leaf was a senior manager at the Bank of Scotland before moving to investment firm Saracen Fund Managers (SFM) in 2011.

A SFM statement said: "Daniel will be remembered as a talented investor, a dedicated member of our team, a good friend and a fine man.

"We will all miss him dearly and our thoughts are with his wife Sandra and son Sam at this sad time."

A spokesman for Police Scotland said: "We received a report that a man had fallen in the Highlands around 3pm while he was walking with a party of other people.

"It appears that they saw him falling and it quickly became apparent he had suffered serious injury. A helicopter was dispatched and he was airlifted off the mountain.

“Due to the nature of the fall a mountain rescue team was not required."

Last year saw among the highest number of recorded deaths in the hills for decades, with 12 people losing their lives.

Comment by Starr DiGiacomo on May 22, 2014 at 7:03am

George Soros sells all shares of Citigroup, Bank of America and JP Morgan

Is this a sign of trouble ahead for the banking industry?

May 20, 2014  9:20 PM EDT
By John Vibes

WASHINGTON (INTELLIHUB) — Just over 2 decades ago banker George Soros made his most famous investment by shorting the British pound and pocketing a billion dollars in the process.  Since then he has become famous for betting on stock market crashes and in some cases even rigging markets to fail for his own gain.

Just months ago, Soros made headlines by making a billion dollar stock bet against the S&P 500.  At the time this was said to be a sign of trouble ahead for the US economy, as Soros has seemed to have had advance knowledge of market crashes in the past.  As a result of this reputation, investors have begun to keep a close eye on his holdings.

This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.

The Wall Street Journal reported that “George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)”

In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. “We witnessed the collapse of the financial system … It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”


Comment by lonne de vries on April 25, 2014 at 11:04am

Psychological help after the suicide of an employee

An employee of the Bred- jumped from the 14th floor of the bank's headquarters on Tuesday morning, quai de la Rapee to . This 52 year old woman was affected in Créteil (Val-de-Marne) since November. The incident occurred shortly before 10 am, 200 meters from the Ministry of Finance. Psychological cell was opened on Tuesday to assist employees in shock.

Some attended the scene. An police began Wednesday, as well as that of the Health Committee (HSC) of the company.

"For the moment, nothing puts the company in question, says the majority union SUNI-Bred/UNSA. The employee got along very well with his new team, her superior is very nice. "According to a close," Lydia lived alone, in a difficult environment. " The human resources department states that this inhabitant of Ivry was therapeutic half for several years. Each describes a "secret" "very well known and popular" woman, but "never spoke of it." A homage will be Tuesday, April 29, at the sites of Créteil and Paris. They employ respectively 1100 and 350 employees.

(Translated with google)

Source in French

Comment by Ecosikh on April 10, 2014 at 10:42pm

surely no coincidence…

Christine Lagarde: huge government and bank debts risk new financial crash
IMF head argues for global co-operation on financial stability, warning against risky investments and low eurozone inflation

Comment by Howard on April 10, 2014 at 9:58pm

Mysterious spate of government officials committing suicide in China (Apr 10)

A series of mysterious apparent suicides by Chinese officials in the past three weeks, including of two senior figures, has sparked debate and questions among ordinary people here, as well as a fresh round of online censorship.

Chinese media reported Thursday that 58-year-old Xu Yean, a deputy director in the State Bureau for Letters and Calls, was found hanged in his office earlier in the week.

Xu’s department handles the petitions and complaints of ordinary citizens against local government officials. Although Xu had not been publicly linked with any corruption investigation, a senior colleague was fired and placed under investigation last November for a “severe violation” of party discipline.

He Gaobo, a local official responsible for building safety in the city of Fenghua in the eastern province of Zhejiang, was found dead in another suspected suicide Wednesday, five days after an apartment building collapsed in the city.

Last Friday, senior policeman Zhou Yu was found hanged in a hotel room in the central Chinese city of Chongqing. Zhou had been a major figure in a crackdown on organized crime in the city under the leadership of Bo Xilai, a senior Communist Party leader who was imprisoned for corruption.

A senior official at state-owned power generation company Datang was also reported to have died in suspicious circumstances March 29, although the company denied it was suicide.

But perhaps the most sensational death of all was that of Li Wufeng, a 56-year-old known as China’s top Internet cop, who was reportedly involved in maintaining a system of online censorship known as the Great Firewall of China. He was said to have jumped to his death from the sixth floor of his office building March 24.

China’s Central Propaganda Department swiftly issued a directive ordering local media not to report on his “accidental death” without authorization and to delete any “speculative and accusatory comments” online, according to a Web site, the China Digital Times, that monitors such directives.

Similar, the story of Xu Yean’s death Thursday was deleted from Chinese media Web site Caixin after a few hours.

Some netizens mocked official boilerplate explanations for many of these deaths.

“A new rule for officials who have committed suicide: every single one must be depressed, every single one must be unhealthy,” one user posted on Sina Weibo microblogging site.

Others wondered whether Xu simply knew, or saw, too much.


Comment by Carlos on April 6, 2014 at 9:56am

Former ABN Banker Schmittmann, Wife, Daughter Found Dead at Home

Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home yesterday after a possible “family tragedy,” Dutch police said.

“The bodies of a father and mother and their daughter were found at the property” in the town of Laren, 32 kilometers (20 miles) southeast of Amsterdam, Dutch police said in a statement on theirwebsite. Leonie Bosselaar, a police spokeswoman, said in a telephone call with Bloomberg Newsthat the deceased were Schmittmann and two family members.

The police received a call around 10:30 a.m. local time from a family acquaintance who said something may be wrong at the property, according to the statement. Bosselaar declined to comment further.

The Dutch newspaper AD reported, without citing anyone, that the family was discovered by Schmittmann’s second daughter when she arrived home yesterday morning. She was scheduled to travel to India with her parents, where she had an internship lined up, the newspaper said.

Schmittmann, 57, joined ABN Amro in 1983 as assistant relationship manager and was named head of the lender’s Dutch unit in 2003. He stepped down from the Amsterdam-based bank in December 2008, after the company was nationalized earlier that year.


Comment by lonne de vries on March 14, 2014 at 11:06pm

Manhattan trader throws himself in front of commuter train - the 11th suicide of financial professionals this year alone

  • Edmund Reilly, 47, ended his life on Tuesday morning when he jumped in front of a train at a Long Island train station
  • The divorced father-of-three worked for Manhattan firm Vertical Group

A Manhattan trader jumped in front of a commuter train on Tuesday morning - the 11th person working in finance to commit suicide this year.

Edmund or Eddie Reilly, 47, who worked at Vertical Group in Midtown New York City, ended his own life when he threw himself in front of a Long Island Rail Road train at 6am near the Syosset station.

First responders declared him dead at the scene and his identity was confirmed a LIRR spokesman who added that an investigation had begun.

There have been a spate of suicides amongst financial services employees since the beginning of 2014. They've occurred in London, the U.S. and Hong Kong. 

1 William Broeksmit, a 58-year-old former senior executive for Deutsche Bank AG, was found dead in at home after apparently taking his own life in South Kensington in central London, on January 26

2 Karl Slym, the 51 year old Tata Motors managing director was discovered dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27

3 Gabriel Magee, the 39-year-old JP Morgan employee, whodied after plummeting from the roof of the JP Morgan European headquarters in London's Canary Wharf on January 27

4 Mike Dueker, the 50-year-old chief economist of US bank Russell Investments was discovered dead near to the Tacoma Narrows Bridge in Washington State on January 31

5 Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead on February 4 after apparently shooting himself with a nail gun.

6 Tim Dickenson, who was a U.K.-based communications director at Swiss Re AG, died in late January, in as yet unexplained circumstances

7 Ryan Henry Crane, the 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago on February 3 at his home in Connecticut

8 Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong on February 19

9 James Stuart, the former National Bank of Commerce CEO was found dead in Scottsdale, Arizona on the morning of February 19. The cause of death has yet to be announced

10 Autumn Radtke, the CEO of First Meta, a digital currency exchange firm who was found dead on February 28 outside her Singapore apartment.


Comment by Ecosikh on March 5, 2014 at 11:21pm

and for a change...

a bitcoin exec is sadly found dead

just so sad to read this news.

Comment by Howard on February 20, 2014 at 3:07am

After 5 banker deaths in January, a 6th yesterday.

J.P. Morgan Executive Jumps to his Death in Hong Kong (Feb 18)

Across the world, bankers are plummeting to their deaths.

In the latest of a series of fatal falls, a 33-year-old J.P. Morgan employee leapt from the roof of J.P. Morgan’s Hong Kong headquarters on Tuesday, above, plunging thirty stories to his death.

The employee’s role at the bank was unknown. Witnesses say police tried to stop the man from jumping to no avail. The employee’s death is just the latest in a string of seeming suicides that have wreaked havoc in the moneyed class over the past months.

On Jan. 26, a former Deutsche Bank and Merrill Lynch executive with close ties to the co-chief executive of Deutsche Bank was found dead in London after police received reports of a man found hanging in his house. On Jan. 27, a senior manager at J.P. Morgan’s European headquarters plunged to his demise from the bank’s headquarters in the same city. And several days later, in Washington state, the chief economist for Russell Investments fell down a 50-foot embankment and died.

Police categorized all three deaths as non-suspicious. The Russell Investments economist was reported to be having “problems at work;” the J.P. Morgan executive landed on an adjacent roof and could be seen from the office kitchen (a building employee said other staffers “avoid[ed] entering the room as a result,” even though the body wasn’t removed until four hours later), and the former Deutsche Bank exec was passed over to become chief risk officer for his company in 2012.

But that’s not all.

- Two weeks ago, Richard Talley, 57, the founder of American Title Services, was found dead with up to eight wounds to the torso and head after apparently shooting himself with a nail gun.

- Last Thursday, 37-year-old JP Morgan executive director of equities Ryan Henry Crane died in his Stamford, Connecticut home. No reason was given; the cause of death will be formalized when a toxicology report is released in six weeks.

- And also in January, U.K.-based communications director at Swiss Re AG, Tim Dickenson, was found dead; the circumstances surrounding his death remain unknown.

There’s also the matter of a missing commodities journalist.

Police have yet to find any trace of David Bird, 55, a 20-year veteran of the Wall Street Journal who covered commodities markets and was last seen leaving his New Jersey home Jan. 11. Reports the Journal:

The Long Hill police department, which is leading the effort, had three searchers out Friday… The Federal Bureau of Investigation is assisting as needed, a bureau spokeswoman said.

Mr. Bird was putting away Christmas decorations with his wife, Nancy, when he put on his red rain jacket and said he wanted to take a quick walk before an expected rainstorm. He left the house at 4:30 p.m.

He didn’t take his phone or the twice-daily medication he needs as a liver-transplant recipient. The couple has two children, ages 12 and 15.

But today in Hong Kong, coworkers say the 33-year-old man who leapt to his death Tuesday had complained about being under “heavy work-related stress.” No suicide note was found.


Comment by Howard on February 4, 2014 at 12:48am

Another banker suicide, making it 4 in one week. The same day William Broeksmit was found hanged in the UK on January 26, India's Tata Motors managing director Karl Slym was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he could have committed suicide.

Financial World Shaken by 4 Bankers' Apparent Suicides in One Week (Feb 3)

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