Massive Bank and High Profile Resignations Across the World

[Sabrina]

More on the Euro games...

http://www.telegraph.co.uk/finance/f...d-support.html
10 June

Debt crisis: Worries over market reaction as Spain bank bailout wins broad support

Spain has won broad backing for its decision to request a loan of up to €100bn (£81bn) from eurozone funds to help prop up up its banks, but worries remain about whether enough has been done to calm markets when they open on Monday.

Christine Lagarde, the head of the International Monetary Fund, said the size of the planned aid consistent with the IMF's estimate of the capital needs of Spain's banks and should provide "assurance that the financing needs of Spain's banking system will be fully met".

She said: "The IMF stands ready, at the invitation of the Eurogroup members, to support the implementation and monitoring of this financial assistance through regular reporting."
US Treasury Secretary Timothy Geithner called Spain's decision and the commitment by its European partners to provide support "concrete steps on the path to financial union, which is vital to the resilience of the euro area."

While Japanese Finance Minister Jun Azumi called it a "major first step" toward stabilising the European and global economy.

European Commission President Jose Manuel Barroso and Economic and Monetary Affairs Commissioner Olli Rehn said in a statement: "With this thorough restructuring of the banking sector ... we are certain that Spain can gradually regain the confidence of investors and market participants."

Eurozone policymakers are eager to shore up Spain's position before June 17 elections in Greece which could push Athens closer to a euro exit and unleash a wave of contagion. Spain's auditors could report back after that date. (that word 'contagion' again ).

The Eurogroup said the funds could come from either from the eurozone's temporary rescue fund, the EFSF, or the permanent mechanism, the ESM, which is due to start next month.
More at link

[Sabrina]

More on no. 1077 and 1078 stories on Italy via Bankster Spotting on Facebook. I haven't found any of this in the UK financial press...

ITALY

The Bank of Italy authorized the suspension of payments by Bank Network Investments SpA (BNI) without communicating anything to the depositors.

Very serious and unacceptable – says Peter Jordan, Secretary General Adiconsum – the attitude of the Bank of Italy SpA in each BNI, because highly prejudicial to the interests of customers.

Bank of Italy, in fact, after extending the receivership of the bank, thus giving the impression of an imminent rescue, then gave the green light for compulsory winding up, without giving any prior notice to the depositors, leaving them in no condition to perform any type of operation, even basic ones for daily survival, such as withdrawals / payments, utilities payments, rates, taxes.

We must unfortunately note that offensive measures as those adopted to customers BNI – Giordano complaint – not an isolated case. Decisions without taking into account the heavy impact, particularly on savers in possession of a single bank account on which accrediting salary or pension, are not new to Bank of Italy, and also affected depositors of Banca MB.

The attitude of the Bank of Italy – Jordan continues – is bureaucratic and deed and as Adiconsum we asked in a letter sent to the Bank of Italy and the lifting of the BNI and an urgent meeting to define the way in which customers, especially Fixed-income families and pensioners, can perform normal daily operations. Italian website http://www.adiconsum.it/%28X%281%29A...ookieSupport=1

Credito - NIENTE PRELIEVI - VERSAMENTI PER I CORRENTISTI DI BNI-http://www.adiconsum.it/Pages/News
www.adiconsum.it

[ThePythonicCow]

Posted by Alie (here)
Sabrina
For those who are able to listen to Coast to Coast, this was an AMAZING interview:

Prophecy of the Popes with Tom Horn ----> http://www.coasttocoastam.com/show/2012/06/03

The Vatican Connection to the Here & Now was AMAZING (had to repeat myself).

That seems to be this show, available on Youtube:

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 1:

Source: https://youtube.com/watch?v=VLYDNWpyYSM

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 2
https://youtube.com/watch?v=2cPC_OTleNI

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 3
https://youtube.com/watch?v=NOgdH98rBWs

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 4
https://youtube.com/watch?v=YGb44g1ZYLg

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 5
https://youtube.com/watch?v=dZlOP7_MAAs

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 6
https://youtube.com/watch?v=GJc14UIpSI8

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 7
https://youtube.com/watch?v=VdXw_W_RnRw

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 8
https://youtube.com/watch?v=11S3Y_Lw_6M

COAST to COAST AM - 6/3/2012 - TOM HORN / Prophecy of the Popes Part 9
https://youtube.com/watch?v=1fhsdxLLZjo

[Sabrina]

Perhaps this is symbolic of other things!


http://www.telegraph.co.uk/news/feat...r-divorce.html
10 June

Goldsmith and Rothschild dynasties head for divorce

A battle for their fortunes and a most public slanging match on Twitter and the internet – how did the marriage of Ben Goldsmith and Kate Rothschild come to this?


seemed a marriage made in heaven. The groom was dashingly handsome in traditional morning suit, the pregnant bride pretty and coy in a flowing white gown, a wreath of fresh flowers adorning her long dark hair. Then there were the matching fortunes: this was a union between a Rothschild banking dynasty heiress and a scion of the Goldsmith clan – two of the richest families in Europe and both individually valued at several hundred millions of pounds.

Indeed, at the 2003 society wedding of Kate Rothschild and Ben Goldsmith, it appeared the young couple had the world at their feet. Now, their marriage lies in tatters. Rothschild’s unlikely affair with the American rapper Jay Electronica led Old Etonian Goldsmith to announce their divorce this week, unleashing a war of words between the pair on the social media website Twitter. But the bitterness has only just begun. This is set to be a most messy divorce – for as well as the complexity of the couple’s finances, Ben’s brother, Tory MP Zac, left his wife, Sheherazade Ventura-Bentley, for Kate Rothschild’s sister, Alice, which should make for some awkward family gatherings.
Indeed, the Goldsmiths have plenty of experience in marriage breakdowns. As well as the late Sir James Goldsmith’s legendary infidelities, Ben’s sister Jemima divorced her cricketer husband Imran Khan in 2004, and later had a high-profile relationship with Hugh Grant, which also collapsed.

A family friend told The Daily Telegraph: ''Both Zac and Jemima have gone through marriage breakdowns, so they have experience of financial settlements. Zac’s is still not resolved, which shows just how complex the financial issues are. The settlement is likely to take a long time. Believe me, both sides have good lawyers and this is not an amicable situation.’’ Indeed, some estimate that the divorce could cost many hundreds of thousands of pounds in legal fees. And Sheherazade Ventura-Bentley, remember, brought little fortune to her marriage, unlike Rothschild – which gives some indication of how much more protracted this battle will be.
A source close to the family said last week: ''Ben is going to start proceedings at the earliest opportunity. They will fight over the kettle and the teapot! There is a lot of anger.’’
more at link

[Sabrina]

http://www.telegraph.co.uk/finance/n...t-at-Bumi.html

Nat Rothschild to take back seat at Bumi

Nat Rothschild is set to take a back seat on Thursday as investors gather at Bumi’s AGM to formally approve its board reshuffle in the wake of an explosive row.

The financier stepped down in March as co-chairman of the FTSE 250 coal business he brought to London, after a fallout with his Indonesian partners in the venture. He is still a director so will not address fellow investors at the meeting unless directly asked questions.
Last autumn, a letter was made public in which Mr Rothschild said Bumi’s major subsidiary needed a “radical cleaning-up”, seen as a show of frustration with the Bakries, a powerful Indonesian family.

Plans to oust the Old Etonian from the board were dropped after talks but he stepped down as co-chairman and a new board was agreed.

The reshuffle will be put before investors at the AGM hosted by the new chairman, Samin Tan, a long-standing Bakrie ally, as the board puts itself up for re-election. That includes Mr Tan, Nalin Rathod, Bumi’s new chief executive, Scott Merrillees, the chief financial officer, and Mr Rothschild. Three new faces are up for election to replace directors including James Campbell, who with Mr Rothschild set up the Vallar cash shell that gave birth to Bumi.

Despite the apparent truce, Bumi’s share price has yet to recover, with the stock also hit by falling prices for its coal. The shares were last week trading at an all-time low of 365p, against 850p just four months ago.

[Sabrina]

Published on Jun 8, 2012 by TheAlexJonesChannel

This is an overview in the Financial Terrorism conference held in the UK this past weekend. Speakers included Max Keiser, John Perkins, F William Engdahl, Ian Crane, Alessio Rastani and more. Stay tuned for more in depth videos from the conference.

Source: https://youtube.com/watch?v=EHwv4vIYVlg

[Alie]

Here's Ben Fulford's latest 6-11-12 regarding banking ....


Ben Fulford (June 12 2012) ~ Meetings Set For July 15-20th In Attempt To End Financial Crisis
Posted on June 11, 2012 by Gillian
Benjamin Fulford

"There will be a series of both secret and public high-level meetings from June 15 to June 20th aimed at ending the financial crisis that threatens to collapse the Western world’s banking sector, according to multiple sources. The hope is that the G20 meeting set to start on June 18th will lead to a breakthrough.

To help make that possible, the White Dragon Society sent a message to the Committee of 300 proposing the announcement of a campaign, similar in intensity to a world war, aimed at ending poverty, stopping environmental destruction, eliminating disease and otherwise trying to save our wonderful, but ailing planet.

If the committee responds positively and yet the high-level financial blockage continues, then the next level response will be directed at the P2 freemason lodge and the BIS, according to sources involved in the negotiations.

The other culprit known to be directly involved in stopping the new financial system is the drone serial killer Barak Obama, hired hand for the Federal Reserve Board owning cabal families. These families, the Warburgs, the Harrimans, The Scherffs (Bush), the Morgans, the Mellons, the Rockefellers, the Rothschilds and their subsidiaries would then be considered to be the source of the problem and subsequently dealt with.

So far the Bushes, the Rothschilds, the Rockefellers, the Black Pope and a who’s who of the Western power elite have already been offering astronomical bribes to White Dragon Society members in an attempt to maintain their control on the dollar and Euro printing presses.

Needless to say, a lot of these super-rich trillionaire families would become street trash without their fabled money printing presses. Since it costs them nothing to punch extra zeroes into central bank computers, they keep coming up with ever more absurd and astronomical numbers that have nothing to do with the real world. The last central bank cabal “bond” one this writer saw had 46 zeroes on it but it was just as worthless as the rest. What the cabal families do not have is what they need the most, the goodwill of the people of the planet earth.

We also need to keep in mind the possibility that the blockage of the financial system in the West does not originate either with the Federal Reserve Board families, the committee of 300, the P2, the BIS or any other human organization. In that case, the rogue artificial intelligence story being put out by MJ12 will have to be taken seriously. It would mean temporarily ending all electronic money, unplugging all bank and financial institution computers and reverting temporarily to cash and carry until the system can be safely rebooted. This is the worst case scenario for financial system collapse. It will mean considerable, temporary, hardship but not mass starvation.

In any case, enough people have become aware of the scam that is privately owned fiat (out of nothing) money that the genie cannot be put back into the bottle. The process of monetary creation and distribution will have to be carried out in total transparency from now on.

The cabal will also have to start telling the truth about their secret rule. This will mean appearing before a South African style truth and reconciliation committee and talking about their crimes against humanity in exchange for forgiveness.

This further means the robber baron control matrix that has been set up over the past 100 years (or probably much longer) will have to be dismantled.

It will involve a total rewriting of history. We already know that history as taught in Western schools is a highly censored version of what really happened. For example, in the real version of history, the robber barons won and established totalitarian rule. In the false version taught in the West the cabal monopolies and cartels were broken up by democratically elected governments.

In the cabal version, civilization began in Mesopotamia about 7,000 years ago and all other civilizations are “junior” to the West. The truth is that there were advanced civilizations more than 14,000 years ago in many parts of the world (based on overwhelming archaeological and historical evidence). Perhaps opening the Vatican library to international scholars would be a good place to start.

The breakup of the media and school brainwashing system will also lead to radical changes. One Russian source says the brainwashing runs so deep it will take at least 15 years to produce a new non-brainwashed generation.

The White Dragon Society believes that from now on humans will only need one commandment: “do unto others (including non-human others) as you would have others do unto you.” The idea that apart from that one rule, people could do whatever they want, however they want, whenever they want, according to their desires, left the cabalist speechless.

One cabal family member seemed perplexed and scared and in awe of the idea of people being set free. The cabalists somehow think civilization will collapse if people are not kept as slaves but that is patently not true. People will continue to work and create because otherwise they will become bored.

Of course, the battle is not over yet and this free future has still not actually started."

[Sabrina]

Euro games continue. This morning the markets were being talked up after the Spanish bailout. Now they're down again. No doubt somebody made some money along the way...


11 June

Market gains wiped out as Spanish banking giants Santander and BBVA hit with credit rating downgrade

Relief on the financial markets that a massive bailout had been agreed for Spanish banks dissipated today as investors fretted over the details and a ratings agency hit two of Spain's banking giants with a downgrade.

Share prices had already fallen back this afternoon and the cost of borrowing for the Spanish government had risen before Fitch cut the long-term credit ratings for Banco Santander and BBVA to BBB-plus from A, following its three-notch cut to the country's sovereign rating last week.

In a move that could again spark concerns among British bank customers after a similar step from Moody's some weeks ago, Fitch also downgraded its Santander UK rating to 'A' from 'A+'.

Early gains on the London stock market inspired by the the £80billion European Union rescue package agreed over the weekend were steadily eroded through the day as investors started to digest the implications of the deal.

After the coup de grace from Fitch, the FTSE 100 index closed 2.7 points down at 5,432.37. And as markets started to worry about the details and how the bailout would be financed, the euro gave up most of the day's gains to fall back to $1.255.
The Dow Jones on Wall Street was trading in negative territory and the German and France markets finished the day more or less flat after showing substantial gains this morning.

Eurozone finance ministers agreed to lend Spain as much as £80billion to recapitalise its banking sector – almost double what most were expecting. The 17-nation currency area agreed to lend Madrid the cash to shore up a raft of regional banks that were left exposed by the property crash.........................

The next key date for the euro crisis is Sunday when Greece holds an election that is being seen as a referendum on whether to stay in the eurozone or reject painful austerity measures.

more at link


Read more: http://www.dailymail.co.uk/money/mar...#ixzz1xWKzOBwD

[Sabrina]

http://demonocracy.info/infographics...orld_debt.html

A world in debt...

[Sabrina]

http://www.irishtimes.com/newspaper/...reaking28.html

UK/Ireland

11 June

McGuinness to resign MP seat


Sinn Féin MP for Mid Ulster Martin McGuinness is to resign his seat, forcing a byelection, as part of a shake-up to end Sinn Féin dual mandates at Westminster.

Party president Gerry Adams said Sinn Féin's four other MPs will stand down from the Northern Ireland Assembly where new representatives can be put in their place without further elections.

Mr Adams said his party would continue to refuse to sit in Westminster, but wanted to avoid creating a string of electoral contests by resigning all five of its parliamentary seats.

Stormont politicians have been heavily criticised in the past for holding posts in local councils, the devolved Stormont Assembly and at Westminster.

Mr Adams said: “The key thing to be said about this issue is that other parties are talking about ending dual mandate, Sinn Féin has ended dual mandate.”

The Sinn Féin MPs set to leave the Assembly are West Belfast representative Paul Maskey and West Tyrone representative Pat Doherty, plus former Stormont ministers Fermanagh-South-Tyrone MP Michelle Gildernew and Newry-Armagh MP Conor Murphy.

Mr Adams said his party had resolved the issue of Assembly members holding council seats, and was now dealing with MPs who sit at Stormont.

“We are today announcing that that is going to be phased out,” he said.
more at link...

¤=[Post Update]=¤

http://www.financeasia.com/News/3043...sche-bank.aspx

11 June


Will Li resigns as co-head of China ECM at Deutsche Bank

Will Li is leaving Deutsche Bank after two years to return to the fund management industry, sources say. Separately, the bank has let go of two bankers in its corporate finance division as part of a headcount reduction.

Will Li, co-head of China equity capital markets (ECM) at Deutsche Bank, has resigned after almost two years with the bank. According to sources, Li plans to return to the buy-side.

Li started work in the investment banking industry in Hong Kong in 2000 and has held a variety of roles at different banks, but with a key focus on China. He is no stranger to fund management, however. Before he joined Deutsche in July 2010, Li ran his own macro hedge fund, Ocean Capital China Macro, which he started in 2009 and ran for about one-and-a-half years. The fund was awarded as the best macro hedge fund in 2010 by our sister magazine, AsianInvestor.

At Deutsche Bank, Li initially held a position as head of Asian real estate and gaming before he was appointed co-head of China ECM towards the end of 2010 together with Ian Long. Since then, the firm has worked on the a number of major listings by Chinese companies in overseas markets, including those of Haitong Securities, New China Life Insurance and Shanghai Pharmaceuticals in Hong Kong, and Renren.com on the New York Stock Exchange.

Li is said to have resigned in early May and worked his last day at the firm a couple of weeks ago. He leaves the industry at a time when it is getting harder and harder for banks to make money on Chinese IPOs as fees are coming down and syndicates are getting bigger. In the current challenging market environment, Chinese issuers have also started to mandate banks based on their ability to bring in cornerstone investors or on the back of commitments to hard underwrite the deal, sometimes ignoring previous track records of bringing companies to market. This is resulting in a certain amount of frustration among established ECM bankers.
more at link

[gripreaper]

Boy am I feelin it today;

Source: https://youtube.com/watch?v=hVBEO7r-CZM

[Alie]

Posted by gripreaper (here)
Boy am I feelin it today;

Source: https://youtube.com/watch?v=hVBEO7r-CZM

Gripreaper --- thank you for an awesome fine

Now did you hear this "awesome" tirade from an Illinois state representative? *** parts of it are in the top video ****

Source: https://youtube.com/watch?v=gIec4NVPOUk

[gripreaper]

And the hits just keep coming. the Eurozone has decided to bail out Spain. How will they do it? by borrowing more money, kicking the can down the road, stiffing their grandchildren for the tab, and THEN...get this... GIVING ALL THAT MONEY STRAIGHT AWAY BACK TO THE BANKS!!!!!!!!!!!!!!

Source: https://youtube.com/watch?v=aKpE0HqJtow

It's a friggin BIZZARO WORLD of living in the Twilight Zone !!!!!

[foreverfan]

Posted by gripreaper (here)
It's a friggin BIZZARO WORLD of living in the Twilight Zone !!!!!

[Sabrina]

Euro crisis and the dominoes falling:


http://www.sharecast.com/cgi-bin/sha...ry_id=20156298

12 June

Italy could be next Eurozone country to need aid


LONDON (SHARECAST) - Now that Spain’s bailout has become official, all eyes have shifted to Italy amidst worries that Rome will be the next to fall victim to the European debt crisis contagion and also need a rescue.

Italy has a €1.56tn economy, the third-largest of the Eurozone, and worries are focused on the country over doubts that it will be able to grow out of its recession and pay off its mountainous debt pile. To make matters worse, Europe has just approved an up-to-€100bn bailout of the Spanish banking system of which Italy is expected to have to pay a large part.

Even Italian Prime Minister Mario Monti admitted last weekend that “there is a permanent risk of contagion. (that word again) ” The European technocrat who took over for Silvio Berlusconi explained that this is the reason “why strengthening the Eurozone is of collective interest.”

Spiro Sovereign Strategy says that “the problem for Italy is that where Spain goes, there’s always the perception that Italy could follow.” Indeed experts from Commerzbank to Citigroup are already convinced that Italy will probably end up needing external help at some point. Meanwhile, Deutsche Bank has said that investors are losing confidence in Italy’s capacity to solve its own situation as it is finding problems have access to financing in the markets.

“At current yields, Italy’s fiscal position is unsustainable on a long-term basis”, says Citi. It’s exactly those high borrowing costs that lead Austrian Finance Minister Maria Fekter to say that she couldn’t rule out that Rome would need European aid in the months ahead.


and


http://www.telegraph.co.uk/finance/d...isis-live.html


Debt crisis: live
Spanish 10-year bond yields jump past 6.8pc, a 13-year high, as German Chancellor Angela Merkel warns that any funds for the country will be tied to reforms of its banking sector.

• Spanish bond yields hit euro-era high of 6.83pc
• Merkel: Spain must reform banking sector in return for funds
• Cyprus 'asks Russia for €5bn loan'
• Osborne: most difficult decision was cutting 50p tax rate
• Fitch: Spain will 'significantly' miss deficit targets
• UK manufacturing falls by more-than-expected 0.7pc

story at link

[Sabrina]

Secret or periodical controlled leaks to selected press??

http://www.telegraph.co.uk/finance/f...euro-exit.html

12 June

EC preparing secret plans for Greek euro exit
Legal advice on capital controls, including limits on withdrawals from Greek bank accounts, and emergency border restrictions, has been provided by the European Commission to eurozone governments drawing up plans for Greece to leave the euro.

Commission officials confirmed on Tuesday that "these elements" of contingency planning for a Greek exit from the single currency have been discussed by the "euro working group" (EWG) of Treasury officials and junior finance ministers over the last six weeks.
"There are indeed discussions, and we are asked to clarify what is foreseen in the EU treaties," said a Commission spokesman. "Some people are working on scenarios. We are providing information on EU law as guardian of the treaties."

Greek newspaper Ekathimerini reported bank withdrawals in Greece have hit a rate of up to €500m per day, a level expected to accelerate in the aftermath of Greek elections on Sunday.

The admission that the Commission has given legal advice on the introduction of capital controls will fuel uncertainty and market turbulence amid fears that the eurozone is heading for a break up over the summer.

The discussions, carried out during weekly conference calls, have taken place as the EU prepares for the possibility Greeks will elect a radical-left coalition, Syriza, which has pledged to tear up an austerity programme that is condition of a €240bn EU-IMF bailout.

Capital restrictions, including limits on cash-machine withdrawals, are legal under Article 65 of Europe's internal market rules allowing emergency measures to preserve "public security" in the event of a Greek exit, said a Commission official.

Eurozone governments have also sought advice on suspending the EU's passport-free travel zone in order to introduce border checks to stop Greeks taking money out of Greece or to limit the numbers of people fleeing political chaos.

The Commission, and other EU officials, have stressed that the discussions do not amount to a master plan or "disaster script" for Greece to leave the euro.

"There is no plan whatsoever pre-supposing a Greek exit from the eurozone. We must wait for the Greek citizens to decide their future," said the Commission spokesman. "Our role is to say what is possible under EU law, not to draw up scenarios. We're not scriptwriters for disaster films."

European diplomats have expressed anger at officials briefing the content of confidential discussions deemed so sensitive they are "forbidden from being written on paper".

"You have to wonder at the mentality of someone who plans capital controls and then tells the world about it in advance," said a diplomat.

¤=[Post Update]=¤

http://www.telegraph.co.uk/finance/n...-Congress.html

12 June

London in focus as JP Morgan chief Dimon faces Congress

The London arm of JP Morgan that racked up billions of dollars of trading losses will come under fire in Washington on Wednesday as a powerful Senate committee grills Jamie Dimon, the bank’s chairman and chief executive, over the trading loss that stunned Wall Street.

Senators will want to know how the London unit of JP Morgan’s chief investment office (CIO) generated the more than $2bn (1.3bn pounds) of losses and when regulators on both sides of the Atlantic were informed.

The hearing will be one of the most high-profile clashes between Wall Street and Congress since Senators quizzed Goldman Sachs chief executive Lloyd Blankfein and others over the causes of the financial crisis in the spring of 2010.

That the losing bets were placed by traders in London, one of whom has been dubbed the London Whale because of the size of his trades, has already reignited the debate in the US about how authorities can best regulate large financial institutions that operate across borders.

The London arm of the CIO is regulated from the US by the Office of the Comptroller of the Currency, while JP Morgan’s investment banking business in London is regulated by the Financial Services Authority.

Mr Dimon has admitted that the losses stemming from the series of bets made on indices measuring the financial health of several major companies could grow further. Shares in JPMorgan have dropped almost 20pc since the bank first disclosed the losses at the start of May.

¤=[Post Update]=¤

http://the2012scenario.com/

Kevin Annett Tells Vatican: Citizens Will Name and Arrest Church Rapists

Thanks to Geoffrey West

By the International Tribunal for the Crimes of Church and State – - June 11,2012

http://itccs.org/

In this video interview with Alfred Lambremont Webre, Rev. Kevin Annett, Acting Secretary of the International Tribunal for Crimes of Church and State – www.itccs.org – discusses a public declaration to Pope Ratizinger (Pope Venedict XVI) and the Vatican stating that unless specific actions are taken by the Pope and the Vatican by September 15, 2012, “every known Roman Catholic priest or official who has harmed a child or protected those who have will be publicly named by our network, and will be publicly arrested and expelled from their churches.”

The Declaration continues, “This decision is made under the common law right of citizenship arrest of those who endanger children when established authorities refuse to protect the community.

Such direct action to protect our children will be accompanied by ongoing occupations and seizures of Roman Catholic Church property commencing globally on September 15, 2012.

Source: https://youtube.com/watch?v=08e30vnE6js

[onawah]

I posted in The Vatican, Up Against the World thread including the above video, and an article as well.
https://projectavalon.net/forum4/show...079#post505079

[Sabrina]

https://www.adr.com/Markets/GlobalNe...7358VQ16ILBU59

Esprit: CEO Resigns for Personal Reasons, Effective July 2013
Tuesday, June 12, 2012

By Chester Yung

HONG KONG--Fashion retailer Esprit Holdings Ltd. (0330.HK) said Tuesday its Chief Executive Ronald van der Vis has resigned, citing "personal and family reasons," with his resignation is effective on or before July 1, 2013 according to the contract.

"Mr. van der Vis has decided to resign for personal and family reasons, and he has expressed his wish to pursue other interests," the company said in a statement.

"The Board regrets this, but respects Mr van der Vis's decision to devote more time to his personal endeavors," the retailer said, without saying who would replace Mr. van der Vis.

and

http://www.arabianbusiness.com/ceo-o...ns-461849.html

12 June

CEO of Kuwaiti telco Wataniya resigns

The chief executive of Wataniya, Kuwait's No. 2 telecoms operator, has resigned, parent company Qatar Telecom (Qtel) said on Tuesday.
Qtel said Scott Gegenheimer left to "pursue other opportunities" and his deputy Abdulaziz Fakhroo has been promoted to acting chief executive.

Gegenheimer joined Wataniya in 2002 and became CEO in 2008. Fakhroo was appointed deputy chief executive earlier this year.

Qtel owns a 52.5 percent stake in Wataniya, which is also known as National Mobile Telecommunications Co.

and

12 JUne

KUALA LUMPUR, June 12 — Malaysia Airlines (MAS) deputy group CEO Mohd Rashdan Yusof has resigned a mere eight months after taking up the role, the airline said today.

His resignation confirms weeks of speculation that the veteran corporate figure would leave the national carrier after helping to structure a fundraising exercise.

The reason given by MAS for Rashdan’s departure was that he had decided that it is time for him to “move on and pursue other interests” after having assisted MAS in its recent business and funding plans.

[Sabrina]

http://www.cfoinnovation.com/content...be-sign-reform

Arrest of Top Bankers in China May Be Sign of Reform


Two weeks after China’s anti-graft watchdog detained Yang Kun, Deputy Head and Executive Director of the country’s third-largest bank, Agricultural Bank of China, another bank executive has also been arrested. The President of the Postal Savings Bank of China (PSBC), Tao Liming, is “assisting an investigation by relevant authorities into a personal ‘economic problem’,” PSBC, the nation’s seventh largest lender by assets, said in 11 June announcement.

Some analysts regard the spate of arrests as a sign that China is serious about cleaning up the banking system, whose proper functioning is crucial to economic and business growth. A number of mainland banks have long been suspected of making reckless loans and allowing top officials to misappropriate assets.

“It is no surprise that senior bankers were found to have committed economic crimes,” Guo Tianyong, a professor at the Central University of Finance and Economics, told the South China Morning Post. “The root cause lies in the massive power granted to them without sufficient supervision on them.”

However, other people familiar with the investigations speculate that the arrests are part of the jockeying for plum posts in the once-in-a-decade reshuffle of the country’s top leadership. The 18th National Congress of the Communist Party of China will be held later this year.

More arrests are expected. The PSBC announcement said another official from the bank's fund operation department, Chen Hongping, is also assisting investigators. Tao, his superior, has been put under shuanggui, a disciplinary system used against senior government officials in China, a person close to the PSBC told the Post, but no other details were available.

The newspaper’s sources said Tao and Chen were found to have issued illegal loans to clients to book illicit gains and to have misused the bank’s assets.

Separately, Chinese financial magazine Caixin and other media outlets report that Zhuang Yonghui, former chairman of Yantai Bank, was recently questioned on suspicion that he embezzled bank funds. That probe is said to have resulted in the detention of more than a dozen people. Hong Kong's Hang Seng Bank is the largest shareholder in Yantai Bank, with a 20 % stake.

Tao was appointed president of PSBC in 2007 after Beijing separated the banking unit of the State Postal Bureau from the postal authorities.

The PSBC went from being a limited liability company to a joint stock company earlier this year. It has more than 500 million clients, as well as assets exceeding 4 trillion yuan (US$634.92 billion).

[Sabrina]

5 Million Farmers Sue Monsanto for $7.7 Billion

June 2012

Launching a lawsuit against the very company that is responsible for a farmer suicide every 30 minutes, 5 million farmers are now suing Monsanto for as much as 6.2 billion euros (around 7.7 billion US dollars). The reason? As with many other cases, such as the ones that led certain farming regions to be known as the ‘suicide belt’, Monsanto has been reportedly taxing the farmers to financial shambles with ridiculous royalty charges. The farmers state that Monsanto has been unfairly gathering exorbitant profits each year on a global scale from “renewal” seed harvests, which are crops planted using seed from the previous year’s harvest.

The practice of using renewal seeds dates back to ancient times, but Monsanto seeks to collect massive royalties and put an end to the practice. Why? Because Monsanto owns the very patent to the genetically modified seed, and is charging the farmers not only for the original crops, but the later harvests as well. Eventually, the royalties compound and many farmers begin to struggle with even keeping their farm afloat. It is for this reason that India slammed Monsanto with groundbreaking ‘biopiracy’ charges in an effort to stop Monsanto from ‘patenting life’.

Jane Berwanger, a lawyer for the farmers who went on record regarding the case, told the Associted Press:

“Monsanto gets paid when it sell the seeds. The law gives producers the right to multiply the seeds they buy and nowhere in the world is there a requirement to pay (again). Producers are in effect paying a private tax on production.”

The findings echo what thousands of farmers have experienced in particularly poor nations, where many of the farmers are unable to stand up to Monsanto. Back in 2008, the Daily Mail covered what is known as the ‘GM Genocide’, which is responsible for taking the lives of over 17,683 Indian farmers in 2009 alone. After finding that their harvests were failing and they started to enter economic turmoil, the farmers began ending their own lives — oftentimes drinking the very same insecticide that Monsanto provided them with.

As the information continues to surface on Monsanto’s crimes, further lawsuits will begin to take effect. After it was ousted in January that Monsanto was running illegal ‘slave-like’ working rings, more individuals became aware of just how seriously Monsanto seems to disregard their workers — so why would they care for the health of their consumers? In April, another group of farmers sued Monsanto for ‘knowingly poisoning’ workers and causing ‘devastating birth defects’.

Will endless lawsuits from millions of seriously affected individuals be the end of Monsanto?



Read more: http://naturalsociety.com/5-million-...#ixzz1xbf9G800