What would Jesus do: Orthodox Christian bank - Russia's Orthodox Church unveils its own financial system

 

Top Russian Banker Threatens US with ‘War’ - Cutting Russian Banks off SWIFT Will Mean War!

      

Islamic State militants plan to set up their own currency

   

Cash is no longer king - Sweden Is Going To Be The First Country In The World Completely Free Of Cash

   

Interviews Lord Jacob Rothschild Vs Aleksandr Dugin: The war of the two worlds VIDEO

 

Bilderberg actually talks nukes, euro nationalism and… Barack Obama – leak

Ukraine’s Economy Would Have Collapsed Without Russian Aid – IMF Chief

    

MOSCOW,  - Ukraine's ailing economy would have collapsed without Russia's financial help, the head of the International Monetary Fund said Wednesday.

China Sold Second-Largest Amount Ever Of US Treasurys In December: And Guess Who Comes To The Rescue

While we will have more to say about the disastrous December TIC data shortly, which was released early today, and which showed a dramatic plunge in foreign purchases of US securities in December - the month when the S&P soared to all time highs and when everyone was panicking about the 3% barrier in the 10 Year being breached and resulting in a selloff in Tsy paper - one thing stands out.

Sustaining Ukraine’s Breakthrough by George Soros

  

Following a crescendo of terrifying violence, the Ukrainian uprising has had a surprisingly positive outcome. Contrary to all rational expectations, a group of citizens armed with not much more than sticks and shields made of cardboard boxes and metal garbage-can lids overwhelmed a police force firing live ammunition.

Vatican cleric Scarano charged with aundering millions through the Vatican bank

    

Monsignor Nunzio Scarano is already on trial and under house arrest on separate charges of plotting to smuggle 20m euros ($26m; £17m) into Italy.

Archbishop of Canterbury: Bankers need to shift to principles of ‘justice and hope’

 

The Archbishop of Canterbury, the principal leader of the Church of England, has urged bank bosses to make a "massive cultural change" in their management style. He says many refuse to accept how they dragged the world economy into crisis in 2008.

RUSSIA: Orthodox clergy claim new Ruble sign like Christ's

 

 New Russian ruble symbol (left) ancient Chi Ro monogram of Christ (middle) and modern Chi Ro symbol (right) 

Russia’s new currency symbol has hit a nerve with the Orthodox Christian community, as they say it closely resembles a version of the ancient monogram for Jesus Christ’s name, Chi Rho.

Crackdown on the 'bank of popes'

 

 

Its entrance is watched over by pantaloon-wearing soldiers from the Swiss Guard, its cash-dispensing machines give instructions in Latin, and its headquarters are in a 15th-century tower that was once used as a papal prison.

VATICAN: Cleric Arrested in $26 Million Plot - Bishop Nunzio Scarano held in Vatican bank inquiry

  



ROME — A Vatican official. A private plane. And 20 million euros in cash.
A monsignor, a broker and a Secret Service agent are accused of trying to repatriate millions of euros from Switzerland.

 

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Bilderberg agenda: Western elites meet to determine the future of Middle East and Africa

 

During the world’s most secretive gathering the Bilderberg Group is set to discuss topics including cyber warfare, US foreign policy, “developments in the Middle East” and “Africa’s challenges” despite the glaring absence of regional representatives.

The Bilderberg Group, long criticized for a lack of transparency, has revealed details of its upcoming meeting. This year 138 politicians, bank bosses, billionaires, chief executives and European royalty have confirmed their attendance to the invitation-only event, set to take place in Watford, England. The list notably includes only 14 women. 

The group is comprised largely of individuals from financial and business backgrounds - there will be nearly three dozen CEOs and more than two dozen Chairmen of banks and petroleum giants. Twenty-three financial institutions will be represented at the five-star Grove Hotel near Watford, Hertfordshire, including Goldman Sachs. 

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IMF admits mistakes made in Greece bailout

The International Monetary Fund has said that it lowered its normal standards for debt sustainability to bail out Greece and its projections for the Greek economy may have been overly optimistic.

The IMF was one of a trio of international lenders that in 2010 stepped in to keep the euro zone country from defaulting on its debt and departing the common currency bloc. The IMF pledged about $39bn to Greece at the time, out of a total package of $146.2bn.

Some IMF board members and others criticised the fund for giving Greece so much money in comparison to the size of its economy, accusing the lender of being overly swayed by its European members.

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GREECE: Greek government split over anti-racism bill

Greek Prime minister Antonis Samaras waits for the arrival of Ireland's Prime Minister Enda Kenny in front of his office in Athens, on May 23, 2013.

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George Soros urges Angela Merkel to consider quitting euro

Billionaire speculator says single currency's prospects would be better without Germany, the eurozone's most dominant member

George Soros, the billionaire speculator best known as "the man who broke the Bank of England" in 1992, has launched a stinging critique of Germany's role in the euro crisis and suggested the single currency's prospects would be improved if its most dominant member were to quit.

In an incendiary speech made on Tuesday afternoon in Germany's financial centre of Frankfurt, the hedge fund trader told Europe's richest country it had gone too far during the bailout of Cyprus, was itself heading for recession and should either leave the euro or reverse its long held opposition to eurobonds – a form of sovereign debt that would mean each member country's borrowings were guaranteed by the whole eurozone.

"My first preference is eurobonds; my second is Germany leaving the euro," he said in his lecture, entitled: How to save the European Union from the euro crisis.

"It is up to Germany to decide whether it is willing to authorise eurobonds or not," he said at Frankfurt's centre for financial studies.

"But it has no right to prevent the heavily indebted countries from escaping their misery by banding together and issuing eurobonds.

"In other words, if Germany is opposed to eurobonds it should consider leaving the euro and letting others introduce them."

In an address which appealed over German chancellor Angela Merkel and directly to German voters, who go to the polls in federal elections later this year, Soros implored the country to change course.

"I hope that by offering you a different perspective I may get you to reconsider your position before more damage is done," he said. "That is my goal in coming here."

He added: "The financial problem is that Germany is imposing the wrong policies on the eurozone. Austerity doesn't work. You cannot shrink the debt burden by shrinking the deficit.

"In the bailout of Cyprus, Germany went too far … chancellor Merkel would have liked to put the euro crisis on ice at least until after the elections, but it is back in force.

"The German public may be unaware of this because Cyprus was a tremendous political victory for chancellor Merkel. No country will dare to challenge her will.

"Germany itself remains relatively unaffected by the deepening depression that is enveloping the eurozone. I expect, however, that by the time of the elections Germany will also be in recession.

"That is because the monetary policy pursued by the eurozone is out of sync with the other major currencies. The others are engaged in quantitative easing.

"The Bank of Japan was the last holdout but it changed sides recently. A weaker yen coupled with the weakness in Europe is bound to affect Germany's exports."

Soros, a Hungarian whose Quantum fund has stopped managing funds for outside investors, has previously criticised Germany's handling of the crisis as well as arguing for eurobonds as a partial solution.

However, his plan comes with a major problem in that Germany has long been staunchly opposed to the idea, which would increase its own cost of borrowing, as well as arguing that the process would require treaty change.

Meanwhile many Germans believe that eurozone members should live with the consequences of their own debts.

Continued German resistance to eurobonds would leave the billionaire simply calling for a German withdrawal from the euro, which he argues would benefit the remaining countries in the single currency.

"If Germany left, the euro would depreciate," he said. "The debtor countries would regain their competitiveness. Their debt would diminish in real terms and, if they issued eurobonds, the threat of default would disappear. Their debt would suddenly become sustainable … and Europe would escape the looming depression."

Soros made his name in 1992 by making $1bn (£650m) in a bet against the pound as it was forced from the Exchange Rate Mechanism (ERM).

More than 20 years later, his views are still considered important enough to move markets, while in February he reportedly made more than $1.2bn for his family's fund betting against the yen.

Vice President Joe Biden: The ‘affirmative task’ before us is to ‘create a new world order’

Vice President Joe Biden calls for the creation of a “new world order” at the Export Import Bank conference in Washington on April 5, 2013. He also said the U.S. jobs figures for March are “disappointing.”

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   Biden: The 'affirmative task' before us is to 'create a new world order'

   
   

   
   

   
   

   
   

   
   
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   Vice Pres Joe Biden : The affirmative task before us is to create a New World Order 

   
   

   
   

   
   

   
   

   
   
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   BREAKING: Joe Biden calls to 'create a New World Order'

   
   

Archbishop of Cyprus Says His Country Should Quit EU

VLADIVOSTOK, March 31 (RIA Novosti) – Archbishop Chrysostomos II of Cyprus said his country should withdraw from the European Union as the EU will fall apart and cease to exist in the future.

“The economies of Spain, Portugal and Italy are currently in danger. And if the economy of Italy is destroyed just like our economy, the EU will not withstand,” Archbishop Chrysostomos said in an interview with Russia’s Channel One television channel.

“People who rule the European Union, and particularly those making decisions in the so-called troika, do not understand many things and it leads to the collapse of the EU. This is why I believe we [Cyprus] should withdraw from the union before the collapse takes place,” he added.

The finance ministers of the 17-nation euro area agreed on Monday on a 10-billion euro ($13-billion) deal for Cyprus to rescue the island nation and its outsized banking sector from a financial collapse. The new deal forces the holders of accounts of over 100,000 euros to take losses that could amount to 30-40 percent of their deposits.

The new deal is expected to yield some 4.2 billion euros to allow Cyprus, which is currently teetering on the brink of default, to obtain 10 billion euros in financial aid from the troika of international lenders. The so-called troika of creditors are the International Monetary Fund, the European Commission and the ECB.