It is not often that we get to pick the brain of one of the most powerful men in International and European Banking. And there are but a few of them, fewer still who have emigrated to America, even less who now run a huge investment bank (Galileo Investments) and virtually none, who–in addition to being the executive Director of 76 banks of the European Central bank in Belgium–also rant the international trading floor of the New York Stock Exchange. Georges Ugeux knows finance like we know the Rockies. Join Reid and Georges–a very frequent writer for the Huffington Post, and an Obama supporter, for a very spirited conversation on the government money grab from the bank accounts of citizens in Cypress, the disintegration of European society and finance, how similar disaster is shaping up right here at home, and how the military, and the economy (your safety and wallet) play into and are affected by these macro events so poorly covered here in the US. Georges discloses how long he thinks we have til our meltdown–and you won’t like his forecast!
You will be ABSOLUTELY STARTLED not only at the divergence of opinions between Reid and Georges on Obama, etc. but shocked at what they agree on–in fact, they were shocked, and you will feel it in this riveting interview–and don’t miss segment two in a month, when Georges uses the foundation of this show (the “why”) to assist with you with steps to protect your money, and potential areas of potentially profitable investment in these scary topsy turvy times.
Get a copy of Georges’ book “The Betrayal of Finance“
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Jim Rogers: Depositors Globally Should ‘Run for the Hills’
“What more do you need to know? Please, you better hurry, you better run for the hills. I’m doing it anyway,” Rogers tells CNBC.
“I want to make sure that I don’t get trapped. Think of all the poor souls that just thought they had a simple bank account. Now they find out that they are making a ‘contribution’ to the stability of Cyprus. The gall of these politicians.”
Editor’s Note: The ‘Unthinkable’ Could Happen — Wall Street Journal. Prepare for Meltdown
Rogers’ idea is that the risk of a confiscation of bank deposits now exists anyplace on the globe. (Read More)
National planning Cyprus-style solution for New Zealand
Tuesday, 19 March 2013, 11:32 am
Press Release: Green Party
The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.
Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out. (Read More)
The No-Name European Committee That Made the $13 Billion Guarantee to Cypriot Banks
Gary North – March 19, 2013
The Eurogroup held a teleconference this evening to take stock of the situation in Cyprus.
The eurozone’s decision-making institution on the euro is an informal committee of finance ministers. The committee has no official name. It has no official power. It is not voted into office.
In the Lisbon Treaty, which went into effect on January 1, 2009, this no-name informal committee at last got its legal status.
Article 1: The Ministers of the Member States whose currency is the euro shall meet informally. Such meetings shall take place, when necessary, to discuss questions related to the specific responsibilities they share with regard to the single currency. The Commission shall take part in the meetings. The European Central Bank shall be invited to take part in such meetings, which shall be prepared by the representatives of the Ministers with responsibility for finance of the Member States whose currency is the euro and of the Commission.
Article 2: The Ministers of the Member States whose currency is the euro shall elect a president for two and a half years, by a majority of those Member States
