Global Banking Authority will Open for Business in Europe

Just as advertised, the all mighty global bank has now been announced by European nations in order to save the Eurozone

By JUERGEN BAETZ | AP | JUNE 5, 2012

German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to the continent’s financial crisis. Her support as leader of the EU’s biggest economy could be crucial for the concept, which aims to strengthen the eurozone and calm jittery markets.

Europe’s worsening debt crisis is raising concerns well beyond the continent. Finance ministers and central bank presidents of the world’s seven wealthiest countries – which includes Germany – were expected to hold an emergency conference call on Tuesday to discuss the situation.

The proposal to create a Europe-wide authority overseeing and ultimately guaranteeing the banks’ stability was first floated last week by the European Commission, the executive body of the EU. But rich countries such as Germany have been lukewarm about the idea because of fears it could eventually lead to them bailing out other countries’ banks.

Merkel told reporters ahead of a private session with EU Commission President Jose Manuel Barroso that the pair “will also talk about to what extent we have to put systemically (important) banks under a specific European oversight.”

And while she expressed willingness to consider the concept, she stressed that a banking union cannot be set forth as a quick fix, but rather as a more long-term goal.

The European Central Bank is the joint monetary authority for the 17 nations who use the euro currency, but each country is responsible for overseeing its own banks. So when things go wrong, each country has to decide whether or not to bail its banks.

For instance, Spain – already under market pressure due to its debt burden and declining economy – needs to provide (EURO)19 billion ($23.6 billion) in government aid to rescue its most ailing lender. And although the Spanish government has promised to help Bankia S.A., it has yet to explain where the bulk of the money will come from.

Spanish officials have called for Europe’s new permanent rescue fund to be able to recapitalize banks directly, but German officials, among others, have ruled that out, noting that Europe cannot bail out national banks if it has no supervision over them.

Barroso maintained that a “banking union with more integrated financial supervision and deposit guarantees” was the necessary step to complete the monetary union with an economic union.

Europeans must do “whatever is necessary to ensure the stability of our currency,” he added.

European Central Bank President Mario Draghi last week warned the ECB cannot “fill the vacuum of the lack of action by national governments,” calling the monetary union’s current structure “unsustainable unless further steps are taken.”

He strongly endorsed the Commission’s proposal to create a Europe-wide banking regulator.

Merkel reiterated her conviction that the short-term priority in tackling the continent’s financial crisis must be combining fiscal consolidation with fostering economic growth through reforms and better use of existing funds.

Still, she echoed Barroso’s call to strengthen European integration. “It is completely obvious, and I have often said that: In the eurozone we need at minimum more Europe and not less Europe,” she said.

Merkel said Europe’s institutions, such as the Commission need more powers, “otherwise a currency union cannot work.” Europe’s new treaty, which enshrines fiscal discipline and creates a more centralized oversight, is “a first step” in that direction, she added.

Merkel and Barroso were set to discuss their ideas on reforming Europe over a dinner of veal cutlet with asparagus from the Berlin region, preparing the ground for a full EU summit late next month.

The intensified debate on policy ideas to strengthen the bloc’s political union comes as the eurozone enters another tumultuous period of financial and political instability.

Investors are worried that Spain will be unable to prop up its banks that are burdened by toxic bad loans – and that it will follow Greece, Portugal and Ireland in asking for an international bailout the eurozone can ill afford. These jitters have sent Spain’s borrowing costs soaring and stock markets plummeting.

And in two weeks Greece returns to the polls with the real possibility that it might elect a government that rejects the terms of its multibillion-dollar bailout. This could force the country out of the euro, fracturing the eurozone and further roiling markets.

Perhaps the clearest sign of danger is the state of the euro itself: It is trading around two-year lows against the dollar as investors pull money out of euro countries.

Canadian Finance Minister James Flaherty told reporters Monday that he would raise Europe’s troubles with his Group of Seven colleagues during Tuesday’s emergency conference call. The G-7 includes the United States, Japan, Germany, France, Britain, Italy and Canada.

Flaherty did not give a time for the conference call, which is confidential and not open to reporters.

The U.S. Treasury Department wouldn’t comment on the call. But officials said the United States expects more action to strengthen the European banking system in the next two weeks in advance of a meeting of the Group of 20 major economies in Los Cabos, Mexico, later this month.

…And Now For a Global Bank and a Global Currency

By Luis R. Miranda
The Real Agenda
May 18, 2010

Since I was a child I hear about the possibility of one world currency.  Back then no one around me knew how to explain how thatwould come about or who would control it.  The answer to those questions are now clear.  Dominic Strauss-Kahn answered my childhood questions.  A Global Currency managed by a Global Central Bank.  The IMF chief said so in Zürich, Switzerland, during a meeting in which he confirmed his view that this crisis “is an opportunity”.

According to Kahn, the Global Central Bank and Currency would be a thing of last resort, in cases when the global economy is in shambles.  He said the new currency would be a “risk-free asset for the system independent of national currencies,” and that a “global central bank could also serve as a lender of last resort”.  How smart of Mr. Kahn.  The problem is that this ideas aren’t new and aren’t his.  The push for a global financial body has been in the works for decades.

The idea of a global body that controls the issuance of currency and all financial policy was created before the United Nations, the League of Nations and the European Union were born.  This principle of concentrating power and policy originally intended to amass control with the excuse it would avoid economic corruption and disaster.  However it doesn’t take too long to find out it is exactly the opposite.  Just as the creation of the League of Nations, the United Nations and the European Union did not end war, neither will a centralized supranational organization end economic unrest.  In fact, it will perpetuate it.

Let’s take a look at past events.  Since the United Nations was born, we experienced conflicts in every continent.  Those conflicts were not the works of countries against countries, but the destabilization came in the form of rogue groups sponsored by governments or their intelligence agencies.  Mossad, MI6, CIA, Taliban and the IRA are just a few examples.  Country-sponsored wars are a thing of the past, and in their letters of intent, the countries that pushed for the creation of the League of Nations and the U.N. knew they would not need such a tool because they also controlled terrorist organizations that would do the work for them.

In the world of economics and finances, the empires, or the countries that aspire to become empires also have their tools to carry out economic and financial terrorism.  The Corporations that initially were outside governments hired financial institutions to carry out their fraudulent activities.  Then, the Corporations became government and it got even easier to carry out financial terrorism.  Multinational Banking Corporations established a new order controlled by themselves, ended oversight and created policies that effectively turned them into the masters of the world’s economy.

So, the bankers did not need Al-Qaeda, MI6, Mossad or the CIA to bring the world to its knees.  That goal could be achieved from and through Wall Street, the IMF and Bank of International Settlements.  The creation of regional blocks to promote commerce and exchange was an excuse to consolidate power and resources.  This idea would later be tested at a global level by promoting the creation of a global financial entity which will control the issuance of money and the terms under which that money is lent.

What were the results of the concentration of financial and economic policy in Europe?  We are seeing them right now.  Iceland, Greece and now Spain, Portugal and England are in shambles.  Why?  Because financial homogenization is not meant to provide stable economies and sound policies, but to tighten controls and carry out policies that will allow the bankers even more.  The goal of the bankers has never been to have a stable economy with sound monetary policy, because in that kind of world they have less control and the wealth is not concentrated in their hands.

Let’s look at another example history provides us:  The creation and adoption of globalist policies like the free trade agreements.  NAFTA, CAFTA, GATT to mention a few, were the troops on the ground for the bankers.  The end of the industrial world, the end of Capitalism -as it successfully worked for some time-, gave way to open borders for cheap, toxic products to flow and illegal aliens to migrate.  Not only did the free-trade agreements ended industry, but also annihilated the social safety net in the nations of the western world.  While cities’ and towns’ monies were robbed and divested to imaginary financial products, illegal aliens sucked dry the already battered social services in every nation of the Americas and Europe.

Nowadays, the most influential politicians and pop culture stars plead for the nations to disrespect their constitutions and laws by allowing not only free-trade agreements, but the continuous flow of illegals through every possible place at the borders.  Enforcing immigration and constitutional laws is seen as racist and those proposing legal immigration are labeled as unjust, inhumane and simply lunatics.  This is exactly the result the banking globalists hoped for.  Dividing and conquering has never looked better.  Sound immigration policies are sure radical in a world where everyone unconsciously believes open borders are the normal thing and cheap slave-made goods are the best bang for their buck.

Now that we have taken a look back, let’s take a look forward.  What would a world with more concentrated power and control in the hands of the makers of the current crisis look like?  Let’s be optimistic and say it could not look better, it will not look better.  The centralization of power and governance at regional levels is what caused the mess we are in right now, so further centralization in the hands of those who financed Hitler, Mao, Stalin, Noriega, Pinochet, Saddam and who now control and finance the shadow governments of the United States, Great Britain, Asia and Africa, will spin the world even more out of control.  For their benefit, of course.  History doesn’t lie, does it?

Those who promised the end of wars, only brought more of it, and those who promised financial stability only created more inequality, poverty and misery.  Would you trust your house keys to the thief who stands outside your property to take care of it?  You wouldn’t.  You shouldn’t.  In the next election, wherever you live, vote yourself in and vote the crooks out.  That is the only way to defeat their agenda of conquest and slavery.  Many people are already actively working to end the global tyranny they created decades ago, so you are not alone.

Now, enough talk!  Let’s act!  Next, there is a list of some of the corporations in fraudulently in charge of the world today.  I am hoping you can deny them the privilege of running your life.  Stop using, buying or in any way consuming their products.  Let’s use their globalism against them.  A global boycott of their cheap, toxic and fraudulent products will be the first step.

Disney                              Adidas                         Time Warner                  IBM

Merck                              Napa                              Holiday Inn                    ACE

Old Navy                        Ford                              Seven Eleven                  USPS

Comcast                         Chevrolet                    Citgo                                  VISA

CNN                                 Dyncorp                       Pepsi                                  Chevron

Coca Cola                      True Value                   Kraft                                  Chrysler

Exxon Mobile             General Electric         Starbucks                        Westinghouse

Taco Bell                       Wells Fargo                  America Online             KFC

NBC Universal            American Airlines    Royal Dutch Shell         Bank of America

CBS                                  The Carlyle Group    GAP                                     Master Card

Master Card                Stop&Shop                   HBO                                     ABC

Nike                               Wal Mart                       Jiffy Lube                          JP Morgan

GM                                 Volkswagen                 Fox News Channel        Monsanto

Du Pont                        NASA                             Pizza Hut                           Syngenta

Microsoft                    Mc Donald’s                 Home Depot                    Safe Way

Burger King               Sony                                Dodge                                Intel

Staples                         Verizon                          Toro                                  John Deere

Firestone                    Bechtel                           MSNBC                             Goodyear

Amoco                        AT&T                               Mitsubishi                       Nestle

Feel free to suggest names of more corporations through the comment section.  Also, respond to our poll regarding corporate control of government below.