{"id":1074,"date":"2013-04-05T11:40:56","date_gmt":"2013-04-05T03:40:56","guid":{"rendered":"http:\/\/hansadutta.com\/krsnanews\/?p=1074"},"modified":"2013-04-06T01:07:46","modified_gmt":"2013-04-05T17:07:46","slug":"banking-crisis-more-to-come","status":"publish","type":"post","link":"http:\/\/hansadutta.com\/krsnanews\/2013\/04\/05\/banking-crisis-more-to-come\/","title":{"rendered":"Banking crisis – more to come"},"content":{"rendered":"
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Your Money \u2260 Their Money<\/div>\n
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Who is going to keep money in the banks?<\/a><\/div>\n
This banking, “fanking,” everything will collapse automatically. There is no money, who is going to keep money in the bank? So this artificial way of banking, that will be also collapsed. more<\/a><\/div>\n<\/div>\n
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The Confiscation of Bank Savings to \u201cSave the Banks\u201d: The Diabolical Bank \u201cBail-In\u201d Proposal<\/a><\/h2>\n

Global Research – PROFESSOR MICHEL CHOSSUDOVSKY – Apr 2, 2013<\/p>\n

The application of Bail-in procedures involving deposit confiscation (even when applied locally or selectively) would create financial havoc. It would interrupt the payments process. Wages would no longer be paid. Purchasing power would collapse. Money for investment in plant and equipment would no longer be forthcoming. Small and medium sized businesses would be precipitated into bankruptcy.<\/p>\n

The application of a Bail-In in the EU or North America would initiate a new phase of the global financial crisis, a deepening of the economic depression, a greater centralization of banking and finance, increased concentration of corporate power in the real economy to the detriment of regional and local level enterprises.<\/p>\n

In turn, an entire global banking network characterized by electronic transactions (which govern deposits, withdrawals, etc), \u2013not to mention money transactions on the stock and commodity markets\u2013 could potentially be the object of significant disruptions of a systemic nature.<\/p>\n

The social consequences would be devastating. The real economy would plummet as a result of the collapse in the payments system. Go to story<\/a><\/span><\/p><\/blockquote>\n

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<\/div>\n

I offer you this simple essay\/interview with Doug Casey<\/a> on Lew Rockwell\u2019s site: <\/p>\n

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Doug Casey: All Banks Are Bankrupt<\/a\/><\/h2>\n

Lew Rockwell – Apr 4, 2013<\/p>\n

All banks, all around the world, are bankrupt, and have been for years. That’s because all the world’s banks run on a fractional reserve basis. …Go to story<\/a><\/span><\/p><\/blockquote>\n

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This one<\/a> as well: <\/p>\n

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Two Letters Re: Keeping Cash and Tangibles at Home<\/a><\/h2>\n

Survival Blog – Apr, 2013<\/p>\n

I recommend that folks keep just the minimum that they need in the bank for their monthly expenses. Cash and precious metals kept at home should be in a fire-resistant box that is hidden in a well-camouflaged wall or floor cache, or better yet in a concealed vault room. …Go to story<\/a><\/span><\/p><\/blockquote>\n

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Now this one<\/a>: <\/p>\n

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<\/a><\/h2>\n

Lew Rockwell – ANDREW P. NAPOLITANO – Apr 4, 2013<\/p>\n

What happens when the government goes bankrupt? This question is one that sounds like a hypothetical exercise in a law school classroom from just a few years ago, where it might have been met with some derision. But today, it is a realistic and terrifying inquiry that many who have financial relationships with governments in America will need to make, and it will be answered with the gnashing of teeth. … Go to story<\/a><\/span><\/p><\/blockquote>\n

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Now for a more thorough understanding \u2013 if you have the inclination \u2013 here is a doozy by Rothbard: The Mystery of Banking<\/a> by MURRAY N. ROTHBARD (pdf).<\/p>\n

And finally \u2013 in laymen\u2019s terms \u2013 this one by Ron Paul and Lehrman: Case for Gold<\/a> (pdf).<\/p>\n

Here is Srila Prabhupada, from the 1st Canto [of \u1e60r\u012bmad Bh\u0101gavatam], 1.17.39:<\/p>\n

TEXT 39<\/p>\n

puna\u015b ca y\u0101cam\u0101n\u0101ya
\nj\u0101ta-r\u016bpam ad\u0101t prabhu\u1e25
\ntato ‘n\u1e5bta\u1e3f mada\u1e3f k\u0101ma\u1e3f
\nrajo vaira\u1e3f ca pa\u00f1camam<\/p>\n

SYNONYMS<\/p>\n

puna\u1e25 \u2014 again; ca \u2014 also; y\u0101cam\u0101n\u0101ya \u2014 to the beggar; j\u0101ta-r\u016bpam \u2014 gold; ad\u0101t \u2014 gave away; prabhu\u1e25 \u2014 the King; tata\u1e25 \u2014 whereby; an\u1e5btam \u2014 falsehood; madam \u2014 intoxication; k\u0101mam \u2014 lust; raja\u1e25 \u2014 on account of a passionate mood; vairam \u2014 enmity; ca \u2014 also; pa\u00f1camam \u2014 the fifth one.<\/p>\n

TRANSLATION<\/p>\n

The personality of Kali asked for something more, and because of his begging, the King gave him permission to live where there is gold because wherever there is gold there is also falsity, intoxication, lust, envy and enmity.<\/p>\n

PURPORT<\/p>\n

Although Mah\u0101r\u0101ja Par\u012bk\u1e63it gave Kali permission to live in four places, it was very difficult for him to find the places because during the reign of Mah\u0101r\u0101ja Par\u012bk\u1e63it there were no such places. Therefore Kali asked the King to give him something practical which could be utilized for his nefarious purposes. Mah\u0101r\u0101ja Par\u012bk\u1e63it thus gave him permission to live in a place where there is gold, because wherever there is gold there are all the above-mentioned four things, and over and above them there is enmity also. So the personality of Kali became gold-standardized. According to \u015ar\u012bmad-Bh\u0101gavatam, gold encourages falsity, intoxication, prostitution, envy and enmity. Even a gold-standard exchange and currency is bad. Gold-standard currency is based on falsehood because the currency is not on a par with the reserved gold. The basic principle is falsity because currency notes are issued in value beyond that of the actual reserved gold. This artificial inflation of currency by the authorities encourages prostitution of the state economy. The price of commodities becomes artificially inflated because of bad money, or artificial currency notes. Bad money drives away good money. Instead of paper currency, actual gold coins should be used for exchange, and this will stop prostitution of gold. Gold ornaments for women may be allowed by control, not by quality, but by quantity. This will discourage lust, envy and enmity. When there is actual gold currency in the form of coins, the influence of gold in producing falsity, prostitution, etc., will automatically cease. There will be no need of an anticorruption ministry for another term of prostitution and falsity of purpose. (excerpt from \u1e60r\u012bmad Bh\u0101gavatam 1.17.39<\/a>, text (translation and purport by His Divine Grace A.C. Bhaktivedanta Swami Prabhupada<\/a>)<\/p><\/blockquote>\n

The Coinage Act of 1792 affirmed that that any \u201cdebasement\u201d of coinage \u2013 which is simply the devaluation of the individual \u201cUNIT OF MEASURE\u201d for the \u201cdollar\u201d \u2013 would win the individual(s) found guilty of this crime \u2013 the severest penalty \u2013 death by hanging.<\/p>\n

THIS was back when men had a far clearer understanding of honest economic interaction between all participating members of the market economy.<\/p>\n

Read it<\/a> and marvel at its simplicity, clarity and finality!<\/p>\n

Pay close attention to Section 19!<\/p>\n

Here is its history: Coinage Act of 1792<\/a>.<\/p>\n

Now read this essay by Dr Edwin Vieira Jr. entitled \u201cWhat is a Dollar\u201d<\/a>.<\/p>\n

UNDERSTANDING THESE SORTS OF THINGS \u2013 AND BEING ABLE TO SPEAK WITH THE FULL AUTHORITY OF Lord K\u1e5b\u1e63\u1e47a and His pure devotee \u1e60r\u012bla Prabhup\u0101da on the subject \u2013 renders this KRSNA CONSCIOUSNESS movement of Lord Chaitanya Mahaprabhu COMPLETELY and FULLY \u2013 RELEVANT to the most INFINITE DEGREE.<\/p>\n

What should and should not be done \u2013 in any given situation \u2013 IF one wishes to make it possible for any and all to capitalize on this human birth to their maximum potential \u2013 requires that they understand ABSOLUTE MORALITY.<\/p>\n

Absolutely MORALITY in all matters of human action \u2013 demands the complete absence of fraud and or theft \u2013 to be ignored by society\u2019s members \u2013 what to speak of endorsed, systematized or worse \u201cenforced\u201d upon a single individual; what to speak of the entire world community.<\/p>\n

Hare K\u1e5b\u1e63\u1e47a<\/p>\n","protected":false},"excerpt":{"rendered":"

Your Money \u2260 Their Money Who is going to keep money in the banks? This banking, “fanking,” everything will collapse automatically. There is no money, who is going to keep money in the bank? So this artificial way of banking, … more →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[302,7,14],"tags":[408,407,406,410,409,8],"_links":{"self":[{"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/posts\/1074"}],"collection":[{"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/comments?post=1074"}],"version-history":[{"count":0,"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/posts\/1074\/revisions"}],"wp:attachment":[{"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/media?parent=1074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/categories?post=1074"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hansadutta.com\/krsnanews\/wp-json\/wp\/v2\/tags?post=1074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}