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Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely
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Steve Watson
Infowars.net
September 29, 2008
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With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.
With Belgian-Dutch group Fortis becoming the first major European bank to buckle, British mortgage lender Bradford & Bingley also being nationalized, as well as several other banks failing in Iceland, Denmark and Germany, economists have warned that more are teetering on the brink and only a radical centralization of power in Europe can stave off financial ruin.
Earlier this month, German economist Daniel Gros warned in a report for the Centre for European Policy Studies (CEPS) that several European banks have become so large that their governments would no longer be able to save them. Should they fail no rescue would be possible because the economy of the home nations are smaller than the banks that reside within them.
Now, in an interview with Dutch newspaper Volkskrant, Gros warns that European giants like Deutsche Bank, Barclays and UBS (Switzerland) are dangerously close to folding.
The Deutsche Bank has 2, 000 billion euros of open credit, one fifth of the german economy, while Barclays has 1, 640 billion euros of open credit, more than the entire UK economy.
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Gros has proposed that European Parliament balance the books of the affected banks and that a new system of financial supervision is created with a 12 member body to overlook the European financial market.
In October the European Commission will propose new rules governing how much banks must keep in reserves, and set rules on how regulators should act if a bank is in danger of collapse.
Top EU officials, including economy commissioner Joaquin Almunia, have stated that the EU should have greater powers to regulate and intervene in the operations of financial institutions across Europe.
“The latest events in financial markets have made it clear that the current model of regulation and supervision needs to be revamped,” Almunia has said.
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September 29th, 2008 at 3:28 pm
FIRST COMMENT, KILL THE BANKS
September 29th, 2008 at 3:31 pm
Yeah!, they want the EU to be able to interfer with the way the Bank of Englands deals with and sorts money actions but then again the BOE is controlled by the Rothchilds isn’t it!!.
September 29th, 2008 at 3:39 pm
Greed kills (especially an economy) :/
September 29th, 2008 at 4:14 pm
A world wide bank run could just sink a good part of the Elites power base right now. Maybe that is what is needed?
September 29th, 2008 at 4:35 pm
notice the language here. replace ‘EU financial’ with the word ‘world’ and you got it.
read Carroll Quigley’s ‘Tragedy and Hope’ p.324. This is nothing more or less than a system of control being implemented by the international banking elite to consolidate power and to rule the world in a feudalistic fashion. It’s a long term business plan that’s coming to fruition for these boys.
September 29th, 2008 at 4:39 pm
Its just another step to the legalised fachisum that the EU wants to impose on all countries in Europe.
Napoleon Bonaparte couldnt do it, the Nazis couldnt do it but unless people wake up and start to fight for whats right and their lives then it wont be long before there is just a one world banking system and we all lose our identities for just a line of numbers on our wrists and our voices will finaly be silenced by the tyranny of the one world goverment and the new world order!
WAKE UP PEOPLE! THE TIME TO TAKE UP ARMS IS NOW!
September 29th, 2008 at 4:51 pm
…Ah-bdi…be damn !!! Maybe the fit’s finally hittin’ the shan !!! Pfff…
September 29th, 2008 at 5:05 pm
“The People” of the world as One voice should tell them now WE refuse their fiat system.
“We” The People of the world want our currency backed by gold and silver again, so they”The elite” can never take advantage of us again.
Let the markets burn! The Illuminati’s power dies with it.
It’s time for a change!
“WE” The people of the world demand it!
United “WE” stand One voice strong!
September 29th, 2008 at 5:57 pm
How long before this global system is in place?
“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” (Revelation 13:16-17)
September 29th, 2008 at 7:14 pm
WORLD WIDE RUN ON ALL CENTRAL BANKS!! They are wounded, we can take them if we move now!!! It will be no less painful then the World War they are going to start to protect their fiat system!
WORLD WIDE RUN ON ALL CENTRAL BANKS!!!!
September 29th, 2008 at 7:22 pm
I don’t see it as most pf you see it. If central banks, such as Fed, tightened credit, some of the line banks, large and small, were bound to fail. I just see an attempt to centralize, that is, a few controlling more.
September 29th, 2008 at 8:01 pm
#12 The few already control it all, why is it in EVERY bank “crisis” in american history, JP Morgan is the one buying up the others? Same thing now, same families controlling it all!
Fiat money will destroy us! Restore the Republic!!
September 29th, 2008 at 8:19 pm
Its the evil ones and centralization!
September 29th, 2008 at 9:54 pm
A NWO “banking committee” ready to take over the world’s finances after the USA disappears.
September 29th, 2008 at 10:30 pm
Get rid of the FED!
September 29th, 2008 at 10:43 pm
This sounds like a mainstream propaganda article. Watson doesn’t even go into one iota of what this, as well as the intentional imploding of the private U.S. financial system, is really all about, nationalizing the all of the major private banks so they will soon be brought under the umbrella of the NWO / one-world government, and the state will eventually control all of the banks. It’s unconscionable that Watson and company would fail to go into this, unless the Watson brothers, as I suspect, are MI5/6 and controlled “opposition”.
September 29th, 2008 at 11:57 pm
Down with the Fed, down with the NWO.
I cashed my CDs over the weekend. HAHAHA.
Fractional Reserve lending will kill them when we take out our money.
OBEY THE CONSTITUTION you Washington lackies.
September 30th, 2008 at 12:39 am
We need only to share fairly all goods that the nature gives us FREE OF CHARGE.
Voluntary work based on passion (like Wikipedia volonteers) + PERSONAL SOVEREIGNTY + individual divinity = abundance for ALL 7 BILLIONS PEOPLE on the earth!!!
We don’t need their Laws! We can build a better world ! We are able to do so!
September 30th, 2008 at 1:29 am
Keep in mind that part of the nwo agenda is to exterminate some 90% of all humans on our world; therefore, knowing this in advance, the question becomes: What are we going to do about it?
September 30th, 2008 at 4:40 am
Tony Blair and a team of Profs. at Yale are just sitting in the wings waiting for the global governance to emerge. (Tony will be Pres. of the World). Already “global” services are popping up. This sure looks planned to me, and that is why there has been a “shadow banking system” and “shadow govt” for the past 4 years. If Americans wish to retain sovereignity, they will need to fight hard for it. (Fascists always underestimate the power of free people). Those preferring liberty, however, are currently boxed in at the base of the canyon at this point, and the Yale profs, positioned globalist institutions, and politicians are positioned on the rim. If you want your freedom, keep up the email campaign and USE YOUR BRAINS to fight back.
September 30th, 2008 at 6:13 am
#19 Grandmum
#We need only to share fairly all goods that the nature gives us FREE OF CHARGE.
Voluntary work based on passion (like Wikipedia volonteers) + PERSONAL SOVEREIGNTY + individual divinity = abundance for ALL 7 BILLIONS PEOPLE on the earth!!!
We don’t need their Laws! We can build a better world ! We are able to do so!#
Sounds wonderful, wonderful, Granny!
But!!!…it’ll never ever happen…pssst wann’a know why???…people can’t get on!…tis a shame is it not Granny. Your heart’s in the right place…your just lacking in the “brains” department…old age will do that to ya’…didn’t ya’ know that Granny?
September 30th, 2008 at 8:14 am
we’ll have a global financial order come out of this mess as the Holy Bible says in Revelation chapter 13 !!!!!!!!!!!!!
http://www.youtube.com/watch?v=BSxYIBSuBtk
September 30th, 2008 at 9:28 am
Hey Aussie, wish I was as smart as you thought you were, but despite all of your WISDOM, and all your talk, I do kinda like you, some day you may catch up with us old folks.
September 30th, 2008 at 9:44 am
#24 Casey
I’m only being facetious!…but don’t tell anyone…sshhh’…it’ll ruin my career!…there i go again!!!
September 30th, 2008 at 9:55 am
ha ha. We are in trouble world wide and we should not fight amongst each other.
September 30th, 2008 at 11:16 am
End the Fed!
http://www.endthefed.us
September 30th, 2008 at 11:16 am
May you believe in the Lord Jesus before it is to late. time is running out. The system of the antichrist is hear. Jesus loves. This world is passing away, Jesus is returning soon. Prepare your heart.
September 30th, 2008 at 12:25 pm
As we speak there are rumours now that the Chinese insurance compagny “Ping An”, which invested 2 billion Euro last year in Fortis and another 3 billion Euro comming up this year, wants to bail out!
Yesterday the Chinese where happy with the help of the Benelux (Belgium, Netherlands and Luxembourg) investment in Fortis but today they changed their minds because of the loss of money on their domestic stockmarket.
If the Chinese “Ping An” do bail out another 5 billion Euro financial hole is created in Fortis!
So what actually happened yesterday in the European Fusion failure with FORTIS/ABN Amro?
The Dutch, Belgium and Luxembourg government bought 11,2 billion Euro Fortis stock. The 3 governments got a total of 49% of Fortis! Not invested in the free available stocks which you can buy on the stockmarket but in the basic non tradable compagny stock.
The Dutch 4 billion Euro, Belgium, 4,7 billion Euro and Luxembourg 2,5 billion in Fortis. The ABN/Amro is for sale for half the price that Fortis payed for it!
This shows how how our financial world is already globaly intercontected.
Also in England “Bradford en Bingley” (mortgage bank) had troubles and is partly taken over by the Spanish bank “Santander”. But also in Germany for example the “Hypo Real Estate” had financial troubles and this list goes on and on.
In fact we already have a global financial sytem but what we don’t want is a global government.
We all know where that will lead us.
September 30th, 2008 at 12:58 pm
http://www.scribd.com/doc/6317.....of-Freedom
Declaration of Freedom
Lovers of Freedom have continuously struggled against the forces of tyrannical control systems for multitudes of centuries in the ever deceptive and animated contest between the spirit of enslavement versus the spirit of liberty. When in the course of world events it becomes clear the world government has become deceitful, destructive, and murderous to a great extent – using any form of falsehood, manipulation of media, or theater as cover for an array of crimes – as well as for the next form of government, it is a matter of self-defense for the people of the world to throw off a corrupt system of globalized government enslavement, and with expediency set and widely announce another special date that will in the future echo worldly celebrations of the cause of liberty. Then the people should subsequently convene in large numbers on that date and also through the public global computing system of the time, for a convention of the people. The result of the open convention is to have authored, selected, and begun the implementation of a more protective system of shared rights, law, governance, and justice for the current and future generations of any nation.
The laws of a Republic should be written clearly in the form of a constitution. However when once trusted political figures individually or as a whole concert of corruption, or the distribution of wealth or establishment system as a whole, betrays the trust of the citizenry by operating outside of the rules and constraints listed in such a constitution, then the citizens of the broken republic should take the stated recommendations of the previous declaration of independence & constitution, along with methods of self defense, back into their own hands. More than responsibility, it is the most sacred duty of the spirit of liberty and justice for all.
By the year 2008, through a consistent stream of offensive actions, including 9-11-2001, the organization widely known as the “United States Government” has proven itself corrupt; and is literally bankrupting the working class of America while instituting fascist rule. It has become evident to multitudes of people of every nation that the current financial system is allied with a corrupt cabal of international profiteering, war-mongering, and so-called “illuminati” or “new world order”, interests. Therefore the “United States Government” has severely turned away from serving its original declared purpose. The “United States Government” has therefore failed and is de facto illegitimate as of the time of the announcement of this declaration, at the start of the new people’s convention. That convention date will formulate out of the people’s concensus.
Consequently, all of its previous authority over the citizenry is thereby removed by this declaration; and all freemasonic governments should be dissolved entirely by the great many world’s people. All existing mob-ridden governments over the individual and the municipalities should be fully dismantled, reinstituted, and rebooted with the next fully transparent, efficient, protective, and accountable system model which the open convention democratically selects. This progressive change of government should be enabled and empowered by the entirety of all national and returning armed forces together with all non-terminated local police and the widespread armed citizenry. This should be entirely voted for in a true 1-person-1-vote democratic and transparent form – as we always carry a vital responsibility to collectively choose what has control over our lives and what would ensure us maximum happiness.
As we acknowledge and sign this open-ended world-wide published declaration in multitudes, we pledge allegiance to each other. We are firm in our disassociation from the previous “United States Government” or any corrupt power. In unison We proclaim to disallow that organization to silence us, to control the mass media or the internet, to suppress us, to conduct experiments on us, to tax us, to bill us, to create – nor borrow paper money, to detain us, to imprison us, to legislate for us nor to adjudicate any proceedings, to terrorize nor genocide us, to direct our armed forces, to make war, or make agreements in our name, nationally or internationally. We are fully aware of our God-given rights including dissent.
Signed, X________________________________ Date of signing: _________/ 20___
Addendum: Initial action plan for the people’s convention
• Withdrawing our businesses and franchises from federal or state-wide taxation of the “United States Government” and its equally corrupt mother company, the United Nations and World Bank.
• Create a new fully accountable system of money and taxation commissioned by the improved freshly-chartered citizen’s government to: pay off all national debts, redistribute wealth fairly, fund the new government, and reinvigorate the economy.
• Establish a new passport identification, numbered as chronologically signed, and imprinted inside a new & improved Bill of Rights – to be made available for all listed and future citizen signatories of this declaration of freedom from tyranny statement; that anyone and everyone around the world is invited to recognize and support together forevermore.
• Close and refurbish Washington DC, and convert the former capitol into a city-wide orphanage and school campus for the nation’s underprivileged citizen children; dedicated in honor of patriots who lived bravely before us and without shame.
• Build a beautiful new national capitol city designed by non-freemasonic architects and constructed by the many hands of the nation within a large, and voted-upon, national forest or parkland.
October 1st, 2008 at 12:30 am
Perhaps they should save the money spent on printer ink and ink pens to draft these “orders” and apply the money toward their failing economy?..
Oddly a day ago they were bailing out the European economy becausse the US FEDRB was failing.. Now they are failing…
Abbot and Costello? “Who is on first?”
We are be lied to in every way.. Let em’ fall….. I want to see what they are really like.
I wantto see what banks do when the one real commodity is removed.. That would be the human willing to work…
No labor = no money= no profit = no taxes= no GVT = NO PARASITES living offf human labor indirectly….
Make em’ scream….