Say GoodBye To Your Money – Episode 33

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If you came over from YouTube to hear the rest of the show you can start at the 11:00 mark.

In this report we will talk about the up coming false flag to get us into war with North Korea. President Obama is pushing gun control and will try to get all American’s guns. We will also discuss how the government is going to take your money. Government is preparing so each person needs to prepare.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.

 


Current News


Gun Control

Obama Says He’s ‘Determined as Ever’ for Gun Bill – He knows and the central bankers know they are running out of time and they need to get the guns from Americans. All government officials to an oath to protect the constitution. I guess this doesn’t mean anything anymore. The 2nd Amendment is very clear.  the right of the people to keep and bear Arms, shall not be infringed.

bear – carry
arms – weapons,ammuntion,armaments(military weapons)
infringe – limit, undermine, encroach on. 

Substitute the words and see for yourself, is what they are proposing against the 2nd Amendment.

  • (HARTFORD, Conn.) — With time running out on the chance to pass gun control legislation, President Barack Obama on Monday warned Congress not to use delaying tactics against tighter regulations and told families of the Sandy Hook Elementary School shooting victims that he’s “determined as ever” to honor their children with tougher laws.

Cyber Attack

US will be crushed by state sponsored cyber attack, warns security CEO – At this point is anyone really surprised. If you have listened to my other episodes we know the cyber attack event is coming. Everyone needs to get prepared.

  • Philip Lieberman, author and CEO of security firm Lieberman Software, believes the US is on the brink of suffering a major cyber attack from another nation state that will severely damage the country’s national infrastructure.
  • The security expert has spoken out as the US falls into its latest bout of international confrontation, with North Korea threatening to launch nuclear attacks on the States and old foe South Korea. But far more likely than military engagement is the use of cyber weapons, and indeed, the North is already thought to have been behind crippling cyber attacks on the networks of South Korean banks and television stations last month.
  • The US and the South have taken action to safeguard their digital infrastructures, last week signing a cyber alliance to increase the sharing of strategies and intelligence between the two nations, while President Obama has been busy bolstering the States’ cyber arsenal and acquiring legal permission to launch cyber strikes this year.

North Korea readies missile launch as fears of a covert cyberwar grow – They are preparing everyone for the cyber attack that will be blamed on N. Korea. This has been discussed in other episodes. We will now see this type of story start to filter into all mainstream media outlets.

  • As Pyongyang moves ballistic weapons to the coast, it may also be planning to disable computer networks in the US
  • The regime’s next move could be to break into US computer networks to steal information and spread viruses, Jang Se-yul, who defected to the South in 2008, told the Observer. North Korea’s hackers are suspected of being behind recent cyberattacks that paralysed computer networks at several South Korean banks and broadcasters.
  • “It would demonstrate that North Korea is a strong cyberpower,” Jang said. “Their prime target is the US, and they’ve been preparing for something like this for years, including when I was there in the 1990s. I can’t say how successful they would be, but it’s a possibility.”

War

Pyongyang warns foreigners to evacuate S. Korea

The People Forum

Admiral says North Korea is direct threat to US

  • The top U.S. military commander in the Pacific said Tuesday that North Korea’s pursuit of nuclear weapons and long-range ballistic missiles represents a clear and direct threat to the United States and its allies in the region.
  • Adm. Samuel Locklear, commander of U.S. Pacific Command, told the Senate Armed Services Committee that Kim Jong Un, the country’s young and still relatively untested new leader, has used the past year to consolidate his power.
  • “The continued advancement of the North’s nuclear and missile programs, its conventional force posture, and its willingness to resort to asymmetric actions as a tool of coercive diplomacy creates an environment marked by the potential for miscalculation that, and controlled escalation, could result from another North Korean provocative action,” Locklear told the panel.

Economy

Cyprus’ banking collapse wipes out dying father’s bank share savings for children’s future – How angry would you be. Anger is building among the people.

  • When Costas Kalapodas was diagnosed with brain cancer two years ago and given months to live, he saw one sure place to put his money: Cyprus’ biggest bank.
  • The 43-year-old threw his entire savings into Bank of Cyprus stock, and even took out a 47,000 euro loan to pad his holdings. He then gave his wife Maria strict instructions to sell the shares when prices reached one euro per share in order to build a 500,000 euro ($640,000) nest egg that he felt would be sufficient to guarantee her, their 9-year-old son Yiannis and 4-year-old daughter Rita a secure future.

 

The US Mint has updated April sales statistics for the first time since last week, and to no surprise, the Mint again reported more massive sales, with another 833,000 silver eagles reported sold Monday!   The April total through 6 business days is now 1.645 million ounces, bringing the 2013 total to a massive 15.868 million ounces.


Say Good Bye To Your Money

Resolving Globally Active, Systemically Important, Financial Institutions

26 By leaving behind substantial unsecured liabilities and stockholder equity in the
receivership, assets transferred to the bridge holding company will significantly exceed its liabilities, resulting in a well-capitalized holding company. After the creation of the bridge financial company, but before any transition to the private sector, a valuation process would be undertaken to  estimate the extent of losses in the receivership and apportion these losses to the equity holders and subordinated and unsecured creditors according to their order of priority. In all likelihood, the equity holders would be wiped out and their claims would have little or no value.
27 To capitalize the new operations—one or more new private entities—the FDIC
expects that it will have to look to subordinated debt or even senior unsecured debt claims as the immediate source of capital. The original debt holders can thus expect that their claims will be written down to reflect any losses in the receivership of the parent that the shareholders cannot cover and that, like those of the shareholders, these claims will be left in the receivership.

28 At this point, the remaining claims of the debt holders will be converted, in part, into
equity claims that will serve to capitalize the new operations. The debt holders may also
receive convertible subordinated debt in the new operations. This debt would provide a
cushion against further losses in the firm, as it can be converted into equity if needed. Any remaining claims of the debt holders could be transferred to the new operations in the form of new unsecured debt.
29 The transfer of equity and investments in operating subsidiaries to the bridge holding
company should do much to alleviate liquidity pressures. Ongoing operations and their
attendant liabilities also will be supported by assurances from the FDIC, as receiver. As
demonstrated by past bridge-bank operations, the assurance of performance should encourage market funding and stabilize the bridge financial company. However, in the case where credit markets are impaired and market funding is not available in the short term, the Dodd-Frank
Act provides for FDIC access to the Orderly Liquidation Fund (OLF), a fund within the U.S. Treasury. In addition to providing a back-up source of funding, the OLF may also be used to provide guarantees, within limits, on the debt of the new operations. An expected goal of the strategy is to minimize or avoid use of the OLF. To the extent that the OLF is used, it must either be repaid from recoveries on the assets of the failed financial company or from assessments against the largest, most complex financial companies.9 The Dodd-Frank Act prohibits the loss of any taxpayer money in the orderly liquidation process.