Council of Worlds at WAR re Announcement Delays

Note the location of “Planet 9” and the inbound path for Nibiru provided by the Zetas in 1997. Nibiru arrived, right on schedule in 2003, and right where predicted a full 7 years earlier. Where the Zetas provided the location of the gravity draw represented by the Sun’s dark unlit binary and the inbound Nibiru in 1983, when the IRAS team lofted its infra-red balloon in search of the inbound Nibiru, this location was not provided to the public. All articles in print at that time only referring to the location as the “western edge of the constellation Orion”, quite vague, and the “western edge” is vast. Yet the Zetas pinpointed the location as being just outside the lower bow of Orion. Such is the accuracy of ZetaTalk. How would the public eventually become “aware of the history and accuracy of ZetaTalk predictions” as predicted by the Zetas on April 16, 2016? ? It would seem this is already in process.


SOZT March 19, 2016

So what happened to the announcement? Obama lacked the courage. As a result of this colossal failure,  having to disband the Jade Helm structure, the US military reacted. Obama is no longer running the country. Chief of Staff General Dunford is. Ben Fulford has for months been referring to Obama as the US “spokesperson”. Is this true, and how does this work? In that the Middle East, under the direction and press from Israel, Turkey, the Jewish bankers of the Federal Reserve, and the Saudis were supporting ISIS and this threatened to create a force that would not only invade Europe but also create an endless terrorism threat to the US, the military did indeed effect a silent coup. Russia needed to enter the fray, and Dunford, but not Obama, agreed. This will never be admitted, publicly, nor do the parties want this.
EOZT


SOZT October 1, 2015
The three major social media outlets in use around the globe all had significant, and simultaneous outages between September 20-24, 2015. Skype had complaints from the UK, Australia, and Japan. Twitter received reports from the US, Australia, and Singapore. FaceBook had the loudest howls, primarily from the US and Europe. Notably these downtimes, some lasting for hours or even days, got no attention in the major media, and there was no real explanation for the outages.  Every Skype user has an account and a password, as do their contacts. Every Skype user can broadcast messages to their contacts, even if these contacts are not presently online. Every twitter use likewise has an account and a password, and by sending a tweet passes information along to subscribers, who can retweet the info in the future. FaceBook users likewise have an account and a password, with many friends who pick up info from each other and pass it along on their FaceBook accounts.  In all of this, the networks themselves are AWARE of the accounts and passwords, and could do a broadcast to all in the event of an announcement. Check your user agreements. This is legal!
EOZT


SOZT April 25, 2015
When we announced that the Council of Worlds would be going to war with the elite over their blockage of the announcement, the tools available to the Council were not immediately apparent. Early in the campaign the Sony hack showed one such mechanism, whereby an anonymous hacker revealed embarrassing information about Sony executives. Similarly exposing pedophile activities by Prince Andrew and Bill Clinton and blatant lies by self-promoting media talking heads such as Brian Williams and Bill O’Reilly required nothing more than encouraging contactees to step forward.  In many, many cases a financial loss sufficient to trigger a clash among the elite is a result of an electronic delay during trades. 
EOZT


SOZT July 4, 2015
What is the message here? As with other failed launches, this most recent failure is a definitive message from the Council of Worlds. Space X has had success in resupplying the ISS, though has flounded on landing on a floating ocean platform.  Resupply of the ISS is OK, reuse of their launch equipment so as to help the elite escape, not OK. The message now is that the elite should not expect to get into space at all. No escape. The message here is to take all hope away from such plans among the elite. They are to remain on Earth with the common man. We expect the battle to shift from attempts to block the announcement, or deny its meaning, to attempts to enslave the common man in some way. That is another fight, on another day.
EOZT


SOZT November 1, 2014
The elite – the wealthy and politically powerful in the world – have continued in their attempts to thwart the announcement by Obama and his partners admitting that Nibiru, aka Planet X exists. We have long stated that the announcement date was set by Obama and Xi at their June 7-8, 2013 meeting in Santa Monica. The flustered slip given by the French Foreign Minister on May 13, 2014 re “500 days
http://www.zetatalk.com/ning/17ma2014.htm
until climate chaos” was in reference to this, as the date set was to be 500 days from the 2013 meeting, ie October 20, 2014.
EOZT


SOZT November 8, 2014
Relying solely on Russia or China to proceed would get the truth out BUT since the block had always been on the US end, via Reagan’s national security directive, without a confirmation from Obama this is awkward and subject to being countered. If true, where is the confirmation from Obama? It would be packaged as some odd communist attack against Obama going into the elections, to make him seem weak, almost comical. So where is this going now? For us to comment would be to empower the enemy, which of course we will not do. Your curiosity is not as important as having the announcement succeed.
EOZT


SOZT December 10, 2014
We have stated that the public will see only the flash and parry of swords from a distance during the Council of Worlds war with the cover-up crowd. Meanwhile, periodic tests of the Emergency Broadcast System in the US are done, to see if the channels are open. As of this writing, they are not yet open. The war is still on, full press. Meanwhile, during the flash and parry of swords, one can see resistance, pleading, panic, and capitulation.
EOZT

Views: 340314

Comment

You need to be a member of Earth Changes and the Pole Shift to add comments!

Join Earth Changes and the Pole Shift

Comment by SongStar101 on July 28, 2016 at 8:49am

IRS Launches Investigation Of Clinton Foundation

http://dailycaller.com/2016/07/26/exclusive-irs-launches-investigat...

IRS Commissioner John Koskinen referred congressional charges of corrupt Clinton Foundation “pay-to-play” activities to his tax agency’s exempt operations office for investigation, The Daily Caller News Foundation has learned.

The request to investigate the Bill, Hillary and Chelsea Clinton Foundation on charges of “public corruption” was made in a July 15 letter by 64 House Republicans to the IRS, FBI and Federal Trade Commission (FTC). They charged the foundation is “lawless.”

The initiative is being led by Rep. Marsha Blackburn, a Tennessee Republican who serves as the vice chairwoman of the House Committee on Energy and Commerce, which oversees FTC. The FTC regulates public charities alongside the IRS.

The lawmakers charged the Clinton Foundation is a “lawless ‘pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years and should be investigated.”

Koskinen’s July 22 reply came only a week after the House Republicans contacted the tax agency. It arrived to their offices Monday, the first opening day of the Democratic National Convention in Philadelphia.

“We have forwarded the information you have submitted to our Exempt Organizations Program in Dallas,” Koskinen told the Republicans.

The Exempt Organization Program is the division of the IRS that regulates the operations of public foundations and charities. It’s the same division that was led by former IRS official Lois Lerner when hundreds of conservative, evangelical and tea party non-profit applicants were illegally targeted and harassed by tax officials.

Blackburn told TheDCNF she believes the IRS has a double standard because, “they would go after conservative groups and religious groups and organizations, but they wouldn’t be looking at the Clinton Foundation for years. It was as if they choose who they are going to audit and question. It’s not right.”

Blackburn said she and her colleagues will “continue to push” for answers on the Clinton Foundation’s governing policies, including its insular board of directors. She said they also will examine conflicts of interest and “follow the money trail.”

“In my opinion, there’s a lack of good governance, there is the appearance of conflicts of interest, and there are continued questions about the financial dealings,” she told TheDCNF.

House Republicans singled out Laureate Education and Uranium One as two companies that seemed to have paid lavish sums to the Clintons and later received official government benefits.

Laureate hired former President Bill Clinton as “honorary chancellor,” paying him $16.5 million over five years. The Baltimore-based company, which operates for-profit universities in 28 countries, also donated between $1 million and $5 million to the Clinton Foundation, according to the foundation’s web site.

While Bill was collecting a paycheck from the company and his wife was secretary of state, the International Finance Corporation (IFC), an arm of the World Bank, invested $150 million in Laureate. It was the largest-ever single IFC investment to an educational company. The United States government is the largest contributor to the IFC. During that same period, the Department of State’s U.S. Agency for International Development awarded $55 million to the International Youth Foundation. Laureate CEO Douglas Becker is on the foundation’s board of directors. International Youth Foundation, the Clinton Foundation and Laureate jointly participated in foundation programs.

A Laureate spokesman denied the quid pro quo charges: “Allegations of any quid pro quo between Laureate, the International Youth Foundation and the Clintons are completely false,” she told TheDCNF, adding, “the IFC’s decision to invest in Laureate had no connection to and was not influenced in any way whatsoever by Hillary Clinton.”

The IFC also awarded $150 million to another company owned by Frank Giustra, a close friend of Bill Clinton. Giustra donated $100 million to create the “Clinton Giustra Enterprise Partnership” within the Clinton Foundation. The funds went to Pacific Infrastructure, a company in which Giustra had a significant financial stake. The company was to build a port and oil pipeline in Colombia that was strenuously opposed by environmental and human rights groups because the pipeline sliced through five indigenous villages and forcibly displaced the tribes.

Giustra also was an owner in Uranium One, a uranium mining company with operations in Kazakhstan and in the western United States. Giustra wanted to sell a share of the uranium business to Russia’s atomic energy agency, which required U.S. approval, including that of Secretary Clinton. The Russian investment was approved.

Blackburn added that it appeared the Clinton Foundation — which was tax-exempt only to construct and manage Clinton’s presidential library — never got IRS approval to become a tax-exempt global organization with operations in Africa, Asia, Latin America, the Pacific and the Caribbean.

“In the Clinton Foundation we have a charity that has never filed the appropriate paperwork,” Blackburn charged.

Charles Ortel, a Wall Street analyst who has been investigating the Clinton Foundation, told TheDCNF that the expansion of the foundation into a global giant was not legally approved by the IRS.

“It’s crystal clear in a review of their application that their purposes were narrowly limited, as they should have been, to a presidential archive in Little Rock, Arkansas,” he said to TheDCNF. “End of discussion.”

Blackburn also questions the makeup of the Clinton Foundation’s board of directors, which IRS rules require include independent, arm’s-length board members. The Clinton Foundation board mainly consists of close friends, business colleagues and big donors to the Clintons, as reported by TheDCNF.

“All charities need to guard against incestuous relationships which limit their ability to be objective,” the congresswoman said. “In the Clinton Foundation, we see a lack of diversity within their board.”

Uranium One did not respond to TheDCNF’s request for comment. The Clinton Foundation also did not respond to TheDCNF’s request for comment.

Comment by SongStar101 on July 28, 2016 at 7:41am

WikiLeaks releases hacked DNC voicemails

http://thehill.com/blogs/blog-briefing-room/news/289541-wikileaks-r...

WikiLeaks on Wednesday released a number of voicemail message recordings that were purportedly stolen from the Democratic National Committee (DNC).

ADVERTISEMENT

The voicemails were included in the trove of DNC emails that WikiLeaks released last week, which many believe were stolen by Russian hackers.

The emails showed Democratic officials coordinating efforts to undermine Sen. Bernie Sanders’s (I-Vt.) presidential campaign. The fallout from the leaks led to the resignation of DNC Chairwoman Debbie Wasserman Schultz, who will step down at the end of the Democratic National Convention this week.

Many of the voicemails were messages of callers leaving their numbers in hopes of being called back or innocuous greetings.

But multiple messages came from voters upset that the DNC was giving too much support to Sanders.

One caller with an Arizona area code called to blast the DNC for putting Sanders surrogate Cornel West on the platform drafting committee.

“I’m furious for what you are doing for Bernie Sanders,” another caller says in a message. “He’s getting way too much influence.

“What I see is the Democratic Party bending over backwards for Bernie,” adds the caller, who threatens to leave the party if the DNC doesn’t stop “coddling” the Vermont senator.

-------------------------------------------------------------------------------------

Reid: DNC never gave Sanders a ‘fair deal’

http://thehill.com/blogs/ballot-box/presidential-races/289532-reid-...

Senate Minority Leader Harry Reid (D-Nev.) says Bernie Sanders never got a fair chance from the Democratic National Committee (DNC).

“Bernie really had a movement out there, and it wasn’t right to treat him that way,” Reid said Wednesday from the Democratic National Convention in Philadelphia, according to The Huffington Post.

ADVERTISEMENT
“I knew — everybody knew — that this was not a fair deal,” he added.

Reid said outgoing DNC Chairwoman Debbie Wasserman Schultz wasn't impartial during the Democratic primary.

“Debbie Wasserman Schultz, she’s always been good to me,” he said of the Florida House Democrat. "I like her just fine.

“I know she’s tried hard, but as some people probably know, I thought Bernie deserved somebody that was not critical to him. So I’m sorry she had to resign, but it was the right thing to do. She should have done it sooner.”

Reid also said Democrats don't have a backup plan if anything damaging about their presidential nominee, Hillary Clinton, emerges in future email leaks.

“No,” he said.

WikiLeaks last week published a trove of 20,000 DNC emails from last January to late May of this year.

Some of the messages showed top DNC officials seemingly planning to undermine Sanders's presidential campaign. The leak only intensified the tensions between Wasserman Schultz and the Vermont senator's supporters, many of whom accused her of tilting the primary in favor of Clinton.

Wasserman Schultz announced Sunday she would resign after her party’s convention ends this week.

Sanders has moved to unify the party after an at-times bitter primary fight with Clinton. In a speech Monday, he urged his supporters to back Clinton. And on Tuesday, he moved for Democrats to nominate Clinton for the presidency, a gesture of party unity.

---------------------------------------------------------------------------------

BREAKING: Hillary Just Received The Worst Possible – Putin Is Smiling!

http://www.thepoliticalinsider.com/breaking-hillary-just-received-w...

Hillary Clinton broke the law and put America’s national security at risk by using a private home email server to transmit top secret information.

Now, we’re just about to find out how serious Hillary Clinton’s crimes were!

Russia’s Kremlin now has in their possession at least private 20,000 emails from Hillary Clinton’s poorly protected server, and they are debating if they should be released.

They stumbled onto these messages while monitoring Romanian computer hacker Lazăr Lehel, who is better known as “Guccifer.” They were watching him closely after he failed to hack into the internet network for Russia’s RT television network.

While Hillary thought she cleaned off her server and deleted the most damning emails, Russia may release the messages! This changes the 2016 Presidential election in a big way:

A couple of years later, in 2016, the US then brought in Guccifer for questioning related to this incident. According to the report, NBC news knew why Guccifer was being questioned but withheld this information from the American public.

The Associated Press reported in October 2015 that “Hillary Clinton’s private email server maintained in her home while serving as secretary of State was possibly hacked by Russia-tied authorities, and others, on five separate occasions.”

The AP report noted that investigators discovered among Clinton’s cache of released emails malicious software aimed at transmitting data to three overseas computers, including at least one in Russia. This malicious software was reportedly activated by clicking on it; but in October it was not clear if Clinton actually opened these messages or not, per the AP.

Recently separate reports have come out noting that Guccifer had indeed hacked Clinton’s emails. Now according to this latest report, Clinton’s server was not only compromised by Guccifer but also by Russia. Guccifer told FOX News last week that he hacked Hillary’s homebrew server and so did at least 10 others.

hillary email

These emails contain sensitive data, and could incriminate Hillary Clinton by detailing just how she used the Clinton Foundation to accept bribes from foreign governments. These emails are devastating, and Hillary can’t be happy that Russia now has the full archive. This could lead to an arrest and criminal conviction of the Democrat presidential nominee!

-------------------------------------------------------------------------

Democrats in turmoil over leaking of 20,000 emails on eve of convention

http://www.ft.com/cms/s/0/d8ddee0e-5168-11e6-9664-e0bdc13c3bef.html

The head of the Democratic National Committee has resigned after the leaking of 20,000 emails exposed rifts in the party leadership, throwing Hillary Clinton’s election campaign into turmoil on the eve of this week’s convention.

Debbie Wasserman Schultz, DNC chairwoman, said on Sunday that she would be stepping down at the end of the convention in the wake of the leaks that have cast both her and her office in a negative light amid campaigning for the US presidential election.

Ms Wasserman Schultz will open and close the event but by the end of the week her duties are to be taken over by Donna Brazile, a longtime Democratic operative and alumna of Bill Clinton’s White House.

The resignation comes in the wake of a growing scandal over the DNC’s closeness to the Clinton campaign during the primary — a time when the committee is supposed to be impartial — and threatens to overshadow the first days of the convention and the news that Michael Bloomberg, the former New York mayor, will endorse Mrs Clinton on the convention stage.

Last month the DNC reported that it had been hacked by what it believed were Russian government hackers, who had gained access to the committee’s email system for up to 12 months. The committee’s emails are now slowly being released to the public by WikiLeaks, which published an initial trove of 20,000 on Friday.

In a statement, Ms Wasserman Schultz said she would be stepping down to better focus on serving as Mrs Clinton’s surrogate in Florida, where she is one of the state’s representatives to Congress. But she did not directly address the leaks or some of the specific emails that have gained attention.

In one message sent on May 21, Ms Wasserman Schultz suggested that it was not worth responding to a particular claim by Bernie Sanders, who at the time was fiercely campaigning against Mrs Clinton for the Democratic nomination. “He isn’t going to be president,” she said of Mr Sanders.

Everyman roots of Clinton’s running mate could strengthen Democratic ticket

In another email, a DNC staffer suggested planting a story about the problems that had plagued Mr Sanders’ campaign.

“Wondering if there’s a good Bernie narrative for a story, which is that Bernie never had his act together, that his campaign was a mess,” Mark Paustenbach, a DNC communications officer, wrote to Luis Miranda, the DNC’s communications director.

Mr Sanders, who has been calling for months for Ms Wasserman Schultz to resign, said he was not surprised by the content of the emails. “I told you a long time ago that the DNC was not running a fair operation, that they were supporting Secretary Clinton,” he told ABC News’ George Stephanopoulos.

On ABC, Ms Brazile said she had already apologised to the Sanders campaign this weekend for the emails, many more of which were still to be released.

“The allegations, the emails, the insensitivity, the stupidity needs to be addressed,” she said. “This is not just a one-day leak. There will be a substantial number of emails that I understand will be leaked over the next couple of days, weeks, months.”

©Reuters

Debbie Wasserman Schultz, DNC chairwoman, is stepping down at the end of the convention

Robby Mook, Mrs Clinton’s campaign manager, suggested on Sunday that the leak of the DNC emails on the eve of the convention could be an effort by Russia to give a boost to Donald Trump, the Republican candidate who has often sounded sympathetic to Moscow.

“What’s disturbing to us is that experts are telling us Russian state actors broke into the DNC, stole these emails, and other experts are now saying that the Russians are releasing these emails for the purpose of actually helping Donald Trump,” Mr Mook told CNN.

They have made $22m from the education industry since 2010 but such connections may blight her White House bid

Reince Priebus, the chairman of the Republican National Committee, said the saga over the emails underscored the claim by Mr Trump that the Democratic primary process was rigged. Speaking at an event in Philadelphia, he said that “when you rig a system . . . this kind of outcome is inevitable”.

On Sunday, protesters were already staging rallies not far from the convention site. On social media some supporters of Mr Sanders were demanding that he revoke his endorsement of Mrs Clinton following the DNC leaks.

Among the speakers at the four-day convention are Mrs Clinton’s newly announced running mate Virginia senator Tim Kaine, as well as senators Elizabeth Warren of Massachusetts, Sherrod Brown of Ohio and Cory Booker of New Jersey. The latter three all made it on to the shortlist of Mrs Clinton’s vice-presidential choices.

Mr Bloomberg, a registered independent, will also give a primetime address endorsing Mrs Clinton, just months after considering his own independent run at the presidency.

In his speech, Mr Bloomberg is expected to present Mrs Clinton’s candidacy in contrast to Mr Trump’s, of whom he has been fiercely critical. News of Mr Bloomberg’s speech was first reported by the New York Times.

Comment by casey a on July 27, 2016 at 7:24pm

The Democratic National Committee attempted to conceal details of a fundraising arrangement with Hillary Clinton that channeled money out of state Democratic parties 

Politico reports that during one three-month period while Democratic primaries were still going on, state parties got to keep less than one half of one percent of the $82 million raised through the arrangement.

http://www.usnews.com/news/articles/2016-07-26/dnc-attempted-to-con...

----

DNC Betrayed Bernie Sanders and the Rest of America

The leaked emails from the Democratic National Committee apparently confirmed what they have said all along — that the political system was rigged against their candidate in favor of Hillary Clinton.

Top Democrats essentially dismissed Sanders as a viable candidate during the primaries, attempted to undermine him with voters and even took steps to derail his campaign, according to hacked emails that were recently made public by WikiLeaks.

http://www.commondreams.org/views/2016/07/26/dnc-betrayed-bernie-sa...

----

(When Debbie Wasserman Schultz resigned because of the Wikileaks release that showed the DNC was sabotaging Bernie's campagin, Hillary's immediate reaction was to co-opt DWS into her presidential campaign. A clear signal showing all the dogs that have been loyal to Clinton, that they will get their share of bread crumbs.)

---

Debbie Wasserman Schultz(DWS) was co-chair of Clintons 2008 presidential run. DWS is now chair of the DNC, she needed to be in order to guarantee a Clinton nomination. To get the position of head of the DNC, Sen. Tim Kaine had to step down. What did DWS and Clinton offer him in return? THE VICE PRESIDENCY.

&

Election Justice USA released an almost 100 page report on the Democratic Election....

Based on this work, Election Justice USA has established an upper estimate of 184 pledged delegates lost by Senator Bernie Sanders as a consequence of specific irregularities and instances of fraud. Adding these delegates to Senator Sanders’ pledged delegate total and subtracting the same number from Hillary Clinton’s total would more than erase the 359 pledged delegate gap between the two candidates.

https://www.reddit.com/r/politics/comments/4utxi4/dnc_betrayed_bern...

Comment by SongStar101 on July 19, 2016 at 10:04pm

China space station Tiangong-1 could secretly be hurtling towards Earth, astronomers say

China had hoped to guide the satellite back to Earth – but they might not be able to

http://www.independent.co.uk/life-style/gadgets-and-tech/news/china...

China’s first space station might be in freefall in space and on its way to crashing back down to Earth.

The Tiangong-1 satellite was launched in 2011, and should have come back down to Earth in the ocean in a controlled crash. But watchers have said that it now appears to have gone into freewill, with China losing control of it, and so it could crash down onto the Earth any time.

Like other lost satellites, it’s likely that the freefalling station would burn up on its way back into Earth and come back down as molten metal rather than with a big crash. But people have warned that it could still be a “real bad day” if the rocket fell back down to Earth, “but odds are it will land in the ocean or in an unpopulated area”.

==================================================

The threat of China's space station crashing into a city is part of a more interesting development

http://www.businessinsider.com/china-space-station-tiangong-1-may-i...

...Tiangong had an estimated lifetime of two years. Its main purpose was to test important docking maneuvers for resupplying and operating a space station. During its lifetime, two Chinese Shenzhou missions (9 and 10) visited the space station, each consisting of three crew members including a female "taikonaut."

.....The lack of a statement from the China Manned Space Engineering office has been interpreted by some as an additional indication that the space station is indeed about to burn up in our atmosphere. But this doesn't mean that it is. T.S. Kelso, a senior research astrodynamicist at the Center for Space Standards & Innovation in the US, stated that the station was shifted into a higher orbit at the start of this year and that its altitude is decreasing much more slowly than before.

We have survived even greater objects than Skylab reentering Earth's atmosphere. In 2001, the 150-tonne Mir space station burnt up during planned reentry — but the event resulted only in a few holiday snaps of the fragments, taken by tourists on the remote Fiji Islands. After all, most of our planet is covered by ocean or wilderness, so even if some fragments did hit the Earth, they are extremely unlikely to hit a populated area.....

Comment by Ecosikh on July 16, 2016 at 8:21pm

Coup looks very suspicious - could be means of identifying possible rebels, catch them in trap and clear out the military - other aspects of state have been taken over the last area of independence which could and has threatened government in the past is the military.

Comment by Kris H on July 15, 2016 at 11:39pm
Military coup underway in Turkey. Erdogan on the run.
Comment by SongStar101 on July 13, 2016 at 9:21pm

EU Banks Need $166 Billion, Deutsche Bank Economist Tells Welt

http://www.bloomberg.com/news/articles/2016-07-10/eu-banks-need-166...

  • Europe needs the bailout fund to recapitalize its banks
  • David Folkerts-Landau told Welt Europe was "extremely sick"

Europe urgently needs a 150 billion-euro ($166 billion) bailout fund to recapitalize its beleaguered banks, particularly those in Italy, Deutsche Bank AG’s chief economist said in an interview with Welt am Sonntag.

"Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident," Deutsche Bank’s David Folkerts-Landau said, according to the newspaper. "I’m no doomsday prophet, I am a realist."

With Italian banks weighed down by 360 billion euros of soured loans, the government has been sounding out regulators on ways to shore up lenders amid a renewed selloff after Britain voted to leave the European Union.  Lorenzo Bini Smaghi, a former member of the European Central Bank’s executive board who now chairs Societe Generale SA, said Wednesday that Italy’s banking crisis could spread to the rest of Europe and rules limiting state aid to lenders should be reconsidered to prevent greater upheaval.

"I do not expect a second financial crisis like in 2008," Folkerts-Landau said, according to Welt. "The banks are much more stable today and have more equity. What we face this time is a slow, long downward spiral."

The Bloomberg Europe 500 Banks and Financial Services Index has tumbled 33 percent this year, falling to the lowest level in more than seven years on Thursday. Deutsche Bank’s stock price has fallen 48 percent during that period.

Folkerts-Landau said he had recently bought 100,000 Deutsche Bank shares and was optimistic about the outlook for his employer.

BlackRock Inc. Vice Chairman Philipp Hildebrand said earlier this month the European Commission should allow governments to take temporary equity stakes in their banks, similar to what the U.S. did with its Troubled Asset Relief Program during the 2008 cr

-------------------------------------------------------------------------------------

Brussels urgently needs a €150 billion bailout to begin a major recapitalization program for its banks, according to Deutsche Bank’s David Folkerts-Landau.In the aftermath of UK’s Brexit vote, the focus of attention has switched to Italy’s banking sector, which has accumulated €360 billion in bad loans, and growing.

A former member of the ECB executive board Lorenzo Bini Smaghi, and now chairman at Societe Generale, has warned the banking crisis in Italy could spread to the entire EU.

“Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident. I’m no doomsday prophet, I am a realist,” he said in an interview to Welt am Sonntag.

According to Folkerts-Landau, Brussels should follow Washington’s steps that helped US banks with a $475 billion bailout.

"In Europe, the bailout does not need to be so large. A €150 billion program should be enough to help European banks recapitalize,” he said.

The decline in bank stocks is only the symptom of a much larger problem, which is low growth, high debt and dangerous deflation, Folkerts-Landau added.

Over the last 12 months, Deutsche Bank shares have plummeted 48 percent. Another major European bank, Credit Suisse is down 63 percent since July 31 last year. All in all, the Bloomberg Europe 500 Banks and Financial Services Index has nosedived 33 percent in 2015 to the lowest level in more than seven years as of last Thursday.However, the economist said a new global crisis is less probable, as the banks have grown more stable and have more equity. Despite this, they face “a slow, long downward spiral.”

https://www.youtube.com/watch?v=mdxVh03dJZk

----------------------------------------------------------------------------------------------------

Comment by casey a on July 11, 2016 at 5:16am

Hidden Video: Hillary Clinton Admits To Using Emails Illegally

http://yournewswire.com/hidden-video-hillary-clinton-admits-to-usin...

Comment by casey a on July 11, 2016 at 5:15am

Six More Women Allege That Roger Ailes Sexually Harassed Them

http://nymag.com/daily/intelligencer/2016/07/six-more-women-allege-...

Comment by casey a on July 7, 2016 at 9:14am

Gretchen Carlson Sues Fox News For Sexual Harassment

SEARCH PS Ning or Zetatalk

 
Search:

This free script provided by
JavaScript Kit

Donate

Donate to support Pole Shift ning costs. Thank you!

© 2025   Created by 0nin2migqvl32.   Powered by

Badges  |  Report an Issue  |  Terms of Service