Zombie Banks Drain Celente's Account! 2/3

Gerald Celente : I got burned by MF Global said Gerald Celente , he lost six figures amount of money to the MF Global's bankruptcy which went belly up because of the European sovereign debt crisis... Justice should b spelled Just US says Gerald Celente , MF Globals should be called mother F* Globals says Gerald Celente
http://geraldcelentechannel.blogspot.com/
http://www.infowars.com/
http://www.prisonplanet.tv/

MF Global Looted Customers' Accounts Via Internal Bank Run

Big players got warning ahead of time that financial broker was set to collapse

Paul Joseph Watson
Wednesday, November 16, 2011

Days before the doomed financial broker filed for bankruptcy, MF Global conducted "unexplained wire transfers" that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been looted and setting the precedent for internal bank runs as more big firms go bust.

According to Bloomberg, "Examiners from CME Group Inc., the world's largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said."

CME noticed the missing funds on October 30, but MF Global didn't inform the Commodity Futures Trading Commission until the day after, suggesting that the transfers were made, "in a manner that may have been designed to avoid detection," according to CME.

The suspicious cash movements are now being probed by the U.S. Justice Department.

MF Global trustee James Giddens said in a court filing yesterday that customers would get back 60 per cent of their account funds, prompting fury amongst clients, many of whom used their accounts for business collateral and living expenses.

Although individuals were burned by the broker's downfall, larger clients were protected from the fallout because they had the miraculous fortune of withdrawing all their funds just weeks before the collapse.
http://www.infowars.com/mf-global-looted-customers-accounts-via-internal-bank...

View the original article here

Zombie Banks Drain Celente's Account! 3/3

Gerald Celente : I got burned by MF Global said Gerald Celente , he lost six figures amount of money to the MF Global's bankruptcy which went belly up because of the European sovereign debt crisis... Justice should b spelled Just US says Gerald Celente , MF Globals should be called mother F* Globals says Gerald Celente
http://geraldcelentechannel.blogspot.com/
http://www.infowars.com/
http://www.prisonplanet.tv/

MF Global Looted Customers' Accounts Via Internal Bank Run

Big players got warning ahead of time that financial broker was set to collapse

Paul Joseph Watson
Wednesday, November 16, 2011

Days before the doomed financial broker filed for bankruptcy, MF Global conducted "unexplained wire transfers" that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been looted and setting the precedent for internal bank runs as more big firms go bust.

According to Bloomberg, "Examiners from CME Group Inc., the world's largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said."

CME noticed the missing funds on October 30, but MF Global didn't inform the Commodity Futures Trading Commission until the day after, suggesting that the transfers were made, "in a manner that may have been designed to avoid detection," according to CME.

The suspicious cash movements are now being probed by the U.S. Justice Department.

MF Global trustee James Giddens said in a court filing yesterday that customers would get back 60 per cent of their account funds, prompting fury amongst clients, many of whom used their accounts for business collateral and living expenses.

Although individuals were burned by the broker's downfall, larger clients were protected from the fallout because they had the miraculous fortune of withdrawing all their funds just weeks before the collapse.
http://www.infowars.com/mf-global-looted-customers-accounts-via-internal-bank...

View the original article here

Smaller Russian banks struggle for additional capital

Published: 09 December, 2011, 17:03

RIA Novosti / Alexey Kudenko

TAGS: Russian economy, Banking, Finance

New Central Bank requirements for a minimum of capital could put dozens smaller Russian banks out of business. They have less than a month left to bring their capital up to mandatory 180 million rubles by January 1, 2012

­According to Bank of Russia’s data, 69 of 151 banks could have their licenses revoked if they fail to meet the requirement. Together they need about 3,5 billion roubles.

“If the banks fail to reach the required minimum of capital, they have to reorganize themselves intonon-bank credit companies or to shut down”, says Yury Kravchenko, analyst from the Veles Capital company.

But not all of these banks face serous risk. Smaller banks that feel a major lack of capital will have difficulties in reaching the required minimum, the analyst expects. “The owners have to use their own assets, because third part investors are usually not interested in them”, Mr Kravchenko added.

Banks who miss out the target by less than 10 million roubles, and those with deals in place to attract additional capital will be given 'mulligan' by the regulator.

Having survived this hurdle, the banks left operating after January 1, face an even bigger one. The Russian Government wants to almost double minimum capital to 300 million roubles by 2015.

Today: 14:03

While the EU struggles with the debt crisis which has almost spiralled out of control Russia is trying to distance itself by expanding export opportunities. Herbert Moos CFO of VTB says Russia will do well to learn from the EU experience.

Today: 17:42

Russian mobile operator Megafon has bought Ugratel, the largest telecommunication company in the Ural region, for $80 million.

View the original article here

Gerald Celente - The banks are ripping off everybody and not one head rolls

Gerald Celente - The Regular Guys - 24 Oct 2011 : there is no saving the system not as long as they continue the policies that they do ...the whole system is corrupt from top to bottom , Gaddafi was hot o Condoleza Rice , what it all boils down to regarding the protests is just a lot of angry people as the system is rigged , the big guys can get away with everything that's what makes people angry explains Gerald Celente , these banks are ripping off everybody not one head rolls

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Max Igan : The Vatican controls all the Central Banks around the Planet

Max Igan - The Occupy movement is not complaining about the economic downturn it is complaining about the economic system itself , it's the money that's the problem it is not the economic downturn , the problems that we face in the planet is because of the central banking system which has been imposed around the planet by the crown Corporation which is created by the Vatican , the Vatican controls all these central banks anyway and now their answer to the problem is to further centralize the power and give more power to the Vatican

View the original article here

Max Igan : The Vatican controls all the Central Banks around the Planet

Max Igan - The Occupy movement is not complaining about the economic downturn it is complaining about the economic system itself , it's the money that's the problem it is not the economic downturn , the problems that we face in the planet is because of the central banking system which has been imposed around the planet by the crown Corporation which is created by the Vatican , the Vatican controls all these central banks anyway and now their answer to the problem is to further centralize the power and give more power to the Vatican

View the original article here