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Thread: central bank news, patching a hole

  1. #1
    Iridium
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    central bank news, patching a hole

    intend to update this regularly - as it is blind spot that shouldn't be allowed to persist. we should all be keeping an eye on the real governments/rulers. no more blind spot on gsus

    starting off with iran article -- strong evidence that it fell to skype some time ago. likely the reason the war drums stopped.

    note the same b.s. propaganda from skype central banks: their absolute demand that everything be done in secret. hardly the trait of a central bank owned by the people or gov of the host country. iran is dead

    https://financialtribune.com/article...nking-monopoly

    The Central Bank of Iran is against monopolizing electronic banking and supports banks or entities that provide efficient services, the bank's governor said.

    "The central bank backs the electronic services of all banks, on condition that they do not damage people's finances," Valiollah Seif was also quoted as saying by Banker.ir.

    CBI Performance

    Asked about CBI's refusal to disclose the precise number of bank transactions, Seif said the figures have been officially published and if anyone finds them lacking, the matter will be followed up "and there will be no exceptions".

    "The central bank knows what it is going to do to continuously improve services offered by banks and the part concerning information technology is also supported by CBI," he added.

    According to the latest data released by Shaparak, the body in charge of Iran’s payment network, Iranians made 1.06 billion successful digital payment transactions worth 1.19 quadrillion rials ($30.8 billion) in the month ending December 20.

    The report indicated a 31.17% growth in the number of successful digital transactions and a 46.7% growth in the value of electronic operations compared with the same period of last year.

    According to Shaparak, 253,358 online gateways were active by December 21.

    Questioned about CBI's nondisclosure of financial statements, Seif said, "I am surprised by this expectation because the central bank is not a commercial enterprise. Therefore, it does not need to publish its earnings report."

    He noted that the bank is a state entity in charge of managing the country's monetary policies, stressing that the "central banks' revenues and losses are not commonly deemed as a barometer of its performance".

    Seif, who also heads the Money and Credit Council, emphasized that if the performance of the central bank is linked to its incomes, it would undermine the bank and hurt the economy.

    The annual meeting of CBI was held late February after an eight-month delay, during which the bank's balance sheet was approved.

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    .999 Unobtanium Horn's Avatar
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    Re: central bank news, patching a hole

    Best of luck at the endeavor, so often the MSM points completely opposite direction from where central bank news is happening.

    LikeI heard Bolivia was no longer a central banking network pawn and participant, as Trump goes full on to bring any existing non-participants online.

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    cheka. (17th April 2017)

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    Re: central bank news, patching a hole

    Quote Originally Posted by Horn View Post
    Best of luck at the endeavor, so often the MSM points completely opposite direction from where central bank news is happening.

    LikeI heard Bolivia was no longer a central banking network pawn and participant, as Trump goes full on to bring any existing non-participants online.
    just like the media does with EVERYthing. just have to grab whatever facts are scattered among the piles of b.s.

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    Iridium Dachsie's Avatar
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    Re: central bank news, patching a hole

    Interesting and news to me that Iran is also lost to the banksters' cause.

    I think that state bank of North Dakota that Ellen Brown promotes has basically the same tragic flaws of the central banks. They do fractional reserve banking and I doubt if there books are completely open and I am sure there is room for "bad guys" cheating all they can get away with.

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    Re: central bank news, patching a hole

    Quote Originally Posted by Dachsie View Post
    Interesting and news to me that Iran is also lost to the banksters' cause.

    I think that state bank of North Dakota that Ellen Brown promotes has basically the same tragic flaws of the central banks. They do fractional reserve banking and I doubt if there books are completely open and I am sure there is room for "bad guys" cheating all they can get away with.
    i have heard good things about their setup (but i havent studied it much). that would be another good subject/thread

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    Re: central bank news, patching a hole

    libya....trading african slaves...while currency is destroyed. africans the new currency? interesting concept..

    https://www.bloomberg.com/politics/a...in-coming-days

    Libya Central Bank to Intervene in ‘War’ on Dinar in Coming Days

    Oil export disruptions have cost Libya $160 billion since 2013

    Many depositors have lost confidence in the banking sector

    Libya’s central bank will intervene “intensively” to defend the country’s currency, the Tripoli-based governor said Sunday, as officials struggle to rein in a rampant black market and revive an economy in shambles after years of war.

    The central bank “will not stand helpless or neutral in the war that our currency is subjected to,” he said. It is planning to intervene “intensively in the coming days to restore the financial situation and to defend the dinar,” he said, in coordination with the internationally backed unity government and the rival Tobrouk-based parliament.

    ================================================== ===========================
    libya, how's it feel to be liberated? skype/bankster destruction ongoing

    http://www.nasdaq.com/article/libya-...20170423-00055

    By Ahmed ElumamiTRIPOLI, April 23 (Reuters) -

    Libya's oil revenues have
    collapsed 90 percen
    t between 2012 and last year to $4.8 billion,
    battered by conflict, oil stoppages, political infighting and
    low crude prices, the central bank governor said on Sunday.

    Since civil war toppled Muammar Gaddafi in 2011, Libya has
    slipped steadily into chaos, with rival armed factions and their
    political leaders battling for control of oil and a U.N.-backed
    government struggling to impose authority.

    Even the central bank's role has been contested with a rival
    branch set up in the east and the Tripoli bank reluctant to pay
    funding to the government until it wins backing from a
    parliament in the east as agreed under the unity deal.

    That legislation, split among moderates and hardliners, has
    never voted to back the unity government. But the central bank
    last year agreed to work with the unity government to help ease
    the economic crisis.

    Libya's presidential council, the main executive, has
    clashed with the bank on how to tackle problems including a
    liquidity crisis, inflation, a widening black market exchange
    rate premium and a huge public deficit.

    The U.N.-backed government faces huge challenges in Tripoli,
    where real power is held by a patchwork of former anti-Gaddafi
    rebel militias with shifting allegiances. A self-declared
    government it tried to replace has been attempting to make a
    comeback by force.

    The unity government is also opposed by eastern
    power-brokers allied to military commander Khalifa Haftar, who
    has made territorial gains in eastern and central Libya this
    year and threatened to move on Tripoli.


    Read more: http://www.nasdaq.com/article/libya-...#ixzz4f8JQdR70

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    Re: central bank news, patching a hole

    looks like slovenia might need to be liberated....or certain people uhhh eliminated....or?

    http://www.reuters.com/article/us-sl...-idUSKBN17M1OG

    Slovenian government seeks some supervision of central bank

    Slovenia moved to put its independent central bank under some, limited supervision on Thursday, responding to accusations that the bank had demanded too much state capital for domestic banks to ward off a potential debt crisis four years ago.

    The government approved changes to proposed legislation that would authorize the Court of Audit, a state body that supervises public spending in the country, to have some oversight of the Bank of Slovenia's business activities.

    Tilen Bozic, state secretary at the ministry of finance, said the bank would remain independent but the Court of Audit would now be able to review decisions that lead to spending of public funds.

    The changes to the law, which are expected to be passed by parliament in the coming months, would also enable the Court of Audit to review the central bank's decisions over the past 10 years.

    But the court will not be able to review monetary policy and those activities of the Bank of Slovenia which are part of the activities of the European system of central banks, Bozic said. Slovenia has been a member of the euro zone since 2007.

    The government moved to increase supervision of the bank after policymakers came under fire from a number of local analysts, politicians and media about the money it required for domestic banks in 2013.

    In that year the government had to pour more than 3 billion euros into local banks to prevent them from collapsing under a large amount of bad loans. That enabled Slovenia to narrowly avoid an international bailout.

    The central bank claims all procedures of the 2013 bank overhaul were in line with legislation, including the decision to annul shares and subordinated bonds in troubled banks.

    It gave no immediate comment regarding the proposed legal changes.

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    Re: central bank news, patching a hole

    things are popping in india too - their version of FBI raiding some central banksters. wonder if these guys tried to stop the new gold laws....or put the new laws in?

    http://www.hindustantimes.com/india-...10XYVTw8I.html

    The CBI on Friday raided the residences of several serving and former officers of the Central Bank of India and officials of the Sinhagad Technical Education Society (STES) at multiple locations in connection with a Rs 58-crore scam, an official said in Mumbai.

    The Central Bureau of Investigation (CBI) sleuths carried out raids on residential and official premises of the bank officers and STES officials in Mumbai, Pune and Nashik.

    According to the CBI, a case has been registered against AG Sawant, former Assistant General Manager (AGM), Central Bank of India’s Mid-Corporate Branch, Pune (now retired), Vidyadhar Pednekar, a former Senior Manager in the same branch, STES President and Managing Trustee M.N. Navale, certain trust officials and unknown persons, under various sections of the Indian Penal Code and the Prevention of Corruption Act.

    The CBI said that during 2011-2012, the bank officers, Sawant and Pednekar, entered into “a criminal conspiracy” with Navale and others to avail various financial facilities to the tune of Rs 81.30 crore, including a fresh loan of Rs 60 crore and transferring the STES’s existing loans from the Punjab & Sindh Bank and the Canara Bank.

    Navale submitted a project report giving false information that the loan amount would be utilised for various construction works and supplying materials to various STES campuses, including the under construction dental college and hospital in Narhe, Pune.

    Sawant allegedly recommended the loan proposal, which was cleared by the Central Bank of India board, amounting to Rs 75.01 crore, comprising Rs 60 crore as a new loan plus Rs 13.01 crore takeover loan from the Canara Bank and another Rs 2-crore takeover loan from the Punjab & Sind Bank.

    The CBI said that Sawant made the disbursement of the loans to STES without following the procedures and ascertaining its final use, since it later turned out that the borrower diverted it for some other purposes.

    The STES also furnished bogus documents to the Central Bank Of India, including a certificate by an architect falsely showing expenses of Rs 21.20 crore towards construction of the Narhe medical campus, though no such thing was built there.

    The CBI said the bank officers blatantly favoured the STES by misrepresenting the facts, did not ensure that adequate securities were in place to guard the loan, with Navale turning a wilful defaulter.

    As part of the criminal conspiracy, the CBI said Navale failed to repay the loan to the bank, thus becoming a non-performing asset, causing an estimated loss of Rs 58.04 crore, plus interest.

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    Re: central bank news, patching a hole

    Those systems closest to a local currency appear stressed to give weigh to the all pervasive dollar.

    So it can reach an eventual weakness.

  12. #10
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    Re: central bank news, patching a hole

    Quote Originally Posted by Horn View Post
    Those systems closest to a local currency appear stressed to give weigh to the all pervasive dollar.

    So it can reach an eventual weakness.
    so what can reach weakness? dollar inc keeps expanding its grip as the one world currency...and its so-called competitors are pathetic controlled opposition franchises of same. see bailouts and swaps by frbny for proof. TRILLIONS in proof

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