Friday, June 19, 2015

"God's Man On Earth" Tells Goldman It Isn't Doing "God's Work"



...Says the man who's church runs one of the most corrupt banks on earth.... is it hot in here or is it the humility? -AK

"God's Man On Earth" Tells Goldman It Isn't Doing "God's Work"

Submitted by Tyler Durden on 06/19/2015 14:53 -0400


Having explained His vision for a new world order, The Holy See unleashed some scathing remarks towards the bankers of the world in his 183-page encyclical. Appearing to address the bank that does God's work, God's man on earth stated, "Saving banks at any cost, making the public pay the price, foregoing a firm commitment to reviewing and reforming the entire system, only reaffirms the absolute power of a financial system, a power which has no future and will only give rise to new crises." Furthermore, His Holiness called out the financial sector for having outsized influence over the political process and endorsed limiting its reach.

As The Wall Street Journal reports,

Pope Francis dedicated a few lines of his 183-page encyclical on the environment on Thursday to the topic of the failures of banks and markets. In the Holy Father’s view, “[t]he lessons of the global financial crisis have not been assimilated” and the governments’ response to the crisis have only set up the financial system for a future panic: 
Saving banks at any cost, making the public pay the price, foregoing a firm commitment to reviewing and reforming the entire system, only reaffirms the absolute power of a financial system, a power which has no future and will only give rise to new crises after a slow, costly and only apparent recovery. The financial crisis of 2007-08 provided an opportunity to develop a new economy, more attentive to ethical principles, and new ways of regulating speculative financial practices and virtual wealth. But the response to the crisis did not include rethinking the outdated criteria which continue to rule the world.
While praising business as a “noble vocation, directed to producing wealth and improving our world,” His Holiness called out the financial sector for having outsized influence over the political process and endorsed limiting its reach:
 [E]conomic powers continue to justify the current global system where priority tends to be given to speculation and the pursuit of financial gain, which fail to take the context into account, let alone the effects on human dignity and the natural environment… To ensure economic freedom from which all can effectively benefit, restraints occasionally have to be imposed on those possessing greater resources and financial power.

The pope’s views may be backed by some recent research: On Wednesday the Organization for Economic Cooperation and Development said that curbing certain kinds of bank lending could ameliorate income inequality around the world and increase economic growth.

Full Encyclical report below...

Pope Report

Inciting Bank Runs As A Negotiating Tactic






Inciting Bank Runs As A Negotiating Tactic

Submitted by Tyler Durden on 06/19/2015 18:30 -0400

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

The troika of Greek creditors has gone into full-frontal morals-be-damned attack mode, handpicking arms from a weapons arsenal we haven’t seen used before, and that we never should have seen in an environment that insists – and prides – on presenting itself as a union, both in name and in spirit. Now that they are being used, there no longer is such a union other than in name, in empty words.

This has turned into the kind of economic warfare one would expect to see between sworn and lethal enemies, that the US would gladly use against Russia for instance, but not between partners in a union founded on principles based entirely and exclusively on being mutually beneficial to everyone involved.

Those principles, and everything that has been based on them, the common currency, the surrender of ever more sovereignty on the part of the nations involved, the relinquishing of national powers to the various supra-national bodies in Brussels, has for everyone involved been based on trust. Nobody would ever have signed up to any of it without that trust. But just look where we are now.

When spokespeople at the troika side of the table stated on Thursday that they don’t know if Greek banks will be open on Monday, they crossed a line that should never even have been contemplated. This is so far beyond the pale, it should by all accounts, if everyone involved manages to keep a somewhat clear head, blow up the union once and for all. If a party to a negotiation that can’t get its way stoops to these kinds of tactics, there is very little room left for talk.

And all EU nations should understand by now that this is not about Greece anymore, it’s about all of them. Any member nations that does not fall into -goose- step with Brussels must from here on in be prepared to deal with attempts to crush it economically and politically.

Whatever trust there once was is now gone. And trust, once blown, is painfully difficult to regain. The negotiations on the Greek debt crisis have become just another dirty business deal, and have nothing to do anymore with conversations between equal partners in a union. Even though that is still what they’re supposed to be. Officially.

Translation: there are no equal partners in Europe. There only ever were in name. When people thought they signed up for a tide to lift all boats. The Greek crisis has destroyed that lift-all-boats notion once and for all. All that’s left of the union is power politics, of those (s)elected to represent all member nations, working to crush one of them with all weapons at their disposal.

One of those weapons is utilizing the media to incite a bank-run in Greece
, aimed at paralyzing the Greek government into full submission. The run-up to the bank-run has been building up steam ever since Syriza took over 5 months ago, but apparently not fast enough for the troika.

The threat has always been simmering below the surface; what changed is that the moral constraint which kept the creditors from speaking out loud in public about it, was dropped yesterday. And that changes everything.

The European Union cannot deliberately aim at a bank-run in an individual eurozone member nation without quashing the very trust that holds the union together. The only remaining question after this is: who’s next in line?

This is from the Guardian:

Greece Faces Banking Crisis After Eurozone Meeting Breaks Down

Greece is facing a full-blown banking crisis after a meeting of eurozone finance ministers broke down in acrimony and recrimination on Thursday evening, bringing the prospect of Greek exit from the eurozone a step nearer. Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds. 
[..] leaders of the eurozone and the IMF aimed bitter criticism at the leftwing Greek government, accusing it of lying to its own people, misrepresenting and misleading other EU leaders, refusing to negotiate seriously, and taking Greece to the brink of catastrophe.
‘Not negotiating seriously’ translates as ‘not doing what we tell you to do’. It’s absurd to claim that Syriza, which has tabled an entire range of proposals, one even more detailed than the other, does not attempt to negotiate seriously. It’s a claim the Greek side can make just as well. The underlying tendency is that the troika does not see the talks as taking place between equal partners. And that is lethal for the whole idea behind the European Union. It’s its instant death even if people will be slow to realize it.
Christine Lagarde, the head of the IMF, said there was an urgent need for dialogue “with adults in the room”. She added: “We can only arrive at a resolution if there is a dialogue. Right now we’re short of a dialogue.”
This is something only a juvenile mind would come up with. Lagarde is obviously not worried about her reputation, she feels -nigh- omnipotent, but she really should be. She’s causing enormous damage to the IMF, and its future standing in the world. There are many IMF member nations who now know they can and must expect to be treated in the same way should there ever be a conflict involving their nation and the Fund.
Lagarde has taken a tough line on debt talks with Athens over the past four months, since the radical leftist Syriza government took control and insisted creditors drop proposals for further austerity as the price of releasing the last tranche of bailout funds. At the talks in Luxembourg she reportedly introduced herself to Greek finance minister Yanis Varoufakis as “the criminal in chief”, in reference to Tsipras’s claim earlier this week that the IMF bore “criminal responsibility” for the situation in Greece.
Pierre Moscovici, the European commissioner for economic affairs, who has been more sympathetic to the Greek case, said: “There’s not much time to avoid the worst.” He appealed to the Tsipras government to return to the negotiating table, making it plain that Athens has been treating its creditors and EU partners with contempt.
Who’s been treating whom with contempt? Have the Syriza team ever been treated as equal partners in the conversation? This is perhaps best expressed by Bob Dylan’s “It’s a restless hungry feeling that don’t mean no-one no good; when everything I’m-a-sayin’, you can say it just as good”.
Dijsselbloem demanded that the Greek government act quickly to restore trust and stem the haemorrhaging of deposits. “It’s a sign of great concern for the future,” he said. “It can be dealt with, but it requires quick action.”
It’s Greece that caused the deposit flight? The only sense in which that could be true is that is has refused to bend over and let the troika have its way with its democratically elected government.

"Bank Holiday" Preparations Begin In Greece, Lines Form At Athens ATMs



http://www.zerohedge.com/news/2015-06-19/bank-holiday-preparations-begin-greece-lines-form-athens-atms

"Bank Holiday" Preparations Begin In Greece, Lines Form At Athens ATMs

Submitted by Tyler Durden on 06/19/2015 14:31 -0400

The writing has been on the wall for quite sometime.

Deposit flight from Greece's ailing banking sector has been running north of €500 million per day this week as the threat of capital controls casts a pall over the Greek government's efforts to reassure the public and head off a terminal bank run.

Sparking a panic has been the most powerful tool at the troika's disposal to bring PM Alexis Tsipras to the negotiating table and forcing Syriza to either concede to pension cuts and a VAT hike or risk social and political upheaval in the face of dark ATMs and public protests - we said this first in February and finally even the Greek government realized just what game Europe is playing.

Until now, Greeks had taken the barrage of headlines in stride with a stoic fortitude that would impress Marcus Aurelius but now, it appears as though the 'institutions' might have finally broken their spirits.

Earlier today, the ECB agreed to lift the ELA cap by just €1.8 billion, far less than Greek banking officials had requested and probably just barely enough to cover Friday's withdrawals. And so, as Europe's "Lehman Weekend" may finally be kicking off, the ATM lines are officially forming as Greeks prepare to be 'Cyprus'd' and as the country stares into "template" oblivion.



What is perhaps more shocking is that anyone still had money in Greek banks at all...



More ATM line photos from Corriere:


Greek deposit outflows reach about $1.3 billion Friday: bankers


http://www.reuters.com/article/2015/06/19/us-eurozone-greece-banks-idUSKBN0OZ1R020150619

Markets | Fri Jun 19, 2015 10:41am EDT
Greek deposit outflows reach about $1.3 billion Friday: bankers
ATHENS

Greeks pulled more money from banks on Friday with outflows estimated at around 1.2 billion euros ($1.3 billion), bringing the total outflow for the week to about 4.2 billion euros, three bankers told Reuters on Friday.

"Today was a more difficult day compared to yesterday," one of the bankers said. "Monday will likely be tough as well."

Earlier on Friday, the European Central Bank raised the emergency liquidity ceiling banks can draw from the domestic central bank, a banking source told Reuters, without specifying by how much.

(Reporting by George Georgiopoulos)

Gaia Portal: Movements of Celestials among Gaia inhabitants reaches into depths of all



Movements of Celestials among Gaia inhabitants reaches into depths of all
by √ČirePort

Movements of Celestials among Gaia inhabitants reaches into depths of all.

Resonance factors increase, to amplify effects of Higher Dimensional incomings.

Storms of Light impress, on both outer and inner visibilities.

Fortunes of Delights are inwardly realized, and accepted.

√ČirePort | June 19, 2015 at 11:11 | Categories: Uncategorized | URL: http://wp.me/p2sFUY-v3

Pope Francis Calls For A New Global Political Authority To Save Humanity




Pope Francis takes a cue from "The Sparrow"... -AK


Pope Francis Calls For A New Global Political Authority To Save Humanity

Submitted by Tyler Durden on 06/18/2015 21:00 -0400

Submitted by Michael Snyder via The End of The American Dream blog,

Pope Francis says that global warming is a fact and that a new global political authority is necessary in order to save humanity from utter disaster. The new encyclical that was scheduled to be released on Thursday has been leaked, and it is being reported that this new global political authority that Pope Francis envisions would be in charge of “the reduction of pollution and the development of poor countries and regions”.

The funny thing is that this sounds very much in line with the new sustainable development agenda that is going to be launched at the United Nations in September.

This radical new agenda is already being called “Agenda 21 on steroids” because it goes so much farther than Agenda 21 ever did. The new UN agenda does not just address the environment – it also addresses issues such as poverty, agriculture, education and gender equality. It is essentially a blueprint for governing the entire planet, and that sounds very much like what Pope Francis also wants. In fact, Pope Francis is going to give the speech that kicks off the UN conference in September where this new sustainable agenda will be launched. For some reason, this Pope has decided to make the fight against climate change the central pillar of his papacy, and he is working very hard to unite as much of humanity as possible to get behind that effort.

It is not an accident that this new encyclical is coming out now. An article from the Guardian even states that the release was intended “to have maximum public impact” prior to the Pope’s major speech at the UN in September…
The rare encyclical, called “Laudato Sii”, or “Praised Be”, has been timed to have maximum public impact ahead of the pope’s meeting with Barack Obama and his address to the US Congress and the UN general assembly in September.
It is also intended to improve the prospect of a strong new UN global agreement to cut climate emissions. By adding a moral dimension to the well-rehearsed scientific arguments, Francis hopes to raise the ambition of countries above their own self-interest to secure a strong deal in a crucial climate summit in Paris in November.
Much of the encyclical is not that surprising. But what is raising eyebrows is the Pope’s call for a new global political authority. Here is more from the Guardian

Pope Francis will this week call for changes in lifestyles and energy consumption to avert the “unprecedented destruction of the ecosystem” before the end of this century, according to a leaked draft of a papal encyclical. In a document released by an Italian magazine on Monday, the pontiff will warn that failure to act would have “grave consequences for all of us”. 
Francis also called for a new global political authority tasked with “tackling … the reduction of pollution and the development of poor countries and regions”. His appeal echoed that of his predecessor, pope Benedict XVI, who in a 2009 encyclical proposed a kind of super-UN to deal with the world’s economic problems and injustices.

What is even more alarming is who will be on the stage with the Pope when this encyclical is formally released. John Schellnhuber is a German professor that has some very radical views on climate change. For instance, he believes that our planet is overpopulated by at least six billion people
Professor John Schellnhuber has been chosen as a speaker for the Vatican’s rolling out of a Papal document on climate change. He’s the professor who previously said the planet is overpopulated by at least six billion people. Now, the Vatican is giving him a platform which many expect will result in an official Church declaration in support of radical depopulation in the name of “climate science.”
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