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EU Considering Savings Account Confiscation, Is USA Next?

The savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis

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Given the American president’s fondness for national socialism, the chances of this coming to America are actually fairly high. After all, isn’t he the same guy who got a law passed that forces you to purchase something you don’t want and if you refuse will fine you and throw you into prison?

Yep, that’s the guy…

Zero Hedge: At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental.

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In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisisan EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

The source of this stunner is a document seen be Reuters, which describes how the EU is looking for ways to “wean” the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment. So as Europe finally admits that the ECB has failed to unclog its broken monetary pipelines for the past five years – something we highlight every month (most recently in No Waking From Draghi’s Monetary Nightmare: Eurozone Credit Creation Tumbles To New All Time Low), the commissions report finally admits that “the economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment.”

The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

Mobilize, once again, is a more palatable word than, say, confiscate.

And yet this is precisely what Europe is contemplating:

Banks have complained they are hindered from lending to the economy by post-crisis rules forcing them to hold much larger safety cushions of capital and liquidity.

 

The document said the “appropriateness” of the EU capital and liquidity rules for long-term financing will be reviewed over the next two years, a process likely to be scrutinized in the United States and elsewhere to head off any risk of EU banks gaining an unfair advantage.

But wait: there’s more!

Inspired by the recently introduced “no risk, guaranteed return” collectivized savings instrument in the US better known as MyRA, Europe will also complete a study by the end of this year on the feasibility of introducing an EU savings account, open to individuals whose funds could be pooled and invested in small companies.

Because when corporations refuse to invest money in Capex, who will invest? Why you, dear Europeans. Whether you like it or not.

But wait, there is still more!

Additionally, Europe is seeking to restore the primary reason why Europe’s banks are as insolvent as they are: securitizations, which the persuasive salesmen and sexy saleswomen of Goldman et al sold to idiot European bankers, who in turn invested the money or widows and orphans only to see all of it disappear.

It is also seeking to revive the securitization market, which pools loans like mortgages into bonds that banks can sell to raise funding for themselves or companies. The market was tarnished by the financial crisis when bonds linked to U.S. home loans began defaulting in 2007, sparking the broader global markets meltdown over the ensuing two years.

 

The document says the Commission will “take into account possible future increases in the liquidity of a number of securitization products” when it comes to finalizing a new rule on what assets banks can place in their new liquidity buffers. This signals a possible loosening of the definition of eligible assets from the bloc’s banking watchdog.

Because there is nothing quite like securitizing feta cheese-backed securities and selling it to a whole new batch of widows and orphans.

And topping it all off is a proposal to address a global change in accounting principles that will make sure that an accurate representation of any bank’s balance sheet becomes a distant memory:

More controversially, the Commission will consider whether the use of fair value or pricing assets at the going rate in a new globally agreed accounting rule “is appropriate, in particular regarding long-term investing business models”.

To summarize: forced savings “mobilization”, the introduction of a collective and involuntary CapEx funding “savings” account, the return and expansion of securitization, and finally, tying it all together, is a change to accounting rules that will make the entire inevitable catastrophe smells like roses until it all comes crashing down.

So, aside from all this, Europe is “fixed.”

The only remaining question is: why leak this now? Perhaps it’s simply because the reallocation of “cash on the savings account sidelines” in the aftermath of the Cyprus deposit confiscation, into risk assets was not foreceful enough? What better way to give it a much needed boost than to leak that everyone’s cash savings are suddenly fair game in Europe’s next great wealth redistribution strategy. source – Zero Hedge

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Barack Hussein Obama

New Netflix Movie ‘Leave The World Behind’ Produced By Barack Obama Released As Chinese Cyber Army Hacks Into US Power Grid And Utilities, Coincidence?

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‘Leave the World Behind’ is a 2023 American apocalyptic psychological thriller film executive produced by Barack and Michelle Obama for Netflix

For starters, we have covered for many years, the money-path that the Barack and Michelle Obama have taken after their first two terms in the White House. One leg of that path led straight to Netflix where, for a cool $50,000,000.00, they were invited to produce movies supporting their Leftist Agenda. Predictably, their first effort ‘American Factory’ was awarded the Oscar with seemingly no effort at all. It was a ‘Christmas Miracle!’. So let’s talk about their latest release, an end times apocalyptic thriller, (yes you heard right), called ‘Leave The World Behind’.

“And they brought forth the images out of the house of Baal, and burned them.” 2 Kings 10:26 (KJB)

The first thing I’d like to direct your attention to is the movie poster itself, proudly featuring the names of the 4 stars who act in it, is the fascinating little acrostic it contains. We have gone ahead and highlighted what we found in red, and you will see it forms the word ‘Baal’. That’s not a review, that’s the marketing, so you can see the position we start this from. But honestly, did you expect anything different from Barack and Michelle Obama? I certainly did not.

As far the movie itself goes, I gave up my Netflix subscription when they started showing movies promoting kiddie porn, pro-abortion and such like so I had to rely on various sources like social media and a plot synopsis. The least troubling part of the ‘Leave The World Behind‘ is the overt racism it promotes where the main characters are reinforcing the troupe that blacks cannot trust whites. Democrats have nothing if they stop peddling racism, and it is peddled quite well here.

THE MAIN THEME: “After a prolonged stand-off, Danny decides to help Archie in exchange for money and directs them to a nearby underground bunker prepared for doomsday. G.H. confesses to Clay that he knows what’s happening – he says that a political coup d’état is afoot, which is why the people in positions of power are letting a civil war take root by disrupting technology and feeding chaos. Amanda and Ruth see New York City being bombed, and Rose has walked into the neighboring home and found the bunker, where an Emergency Alert System interceptor reveals that the U.S. is at war with rogue armed forces with the suggestion of radiological weapons being involved.” Basically, it’s a story about the end of the world written by lost people without the Bible. But you get the idea.

Translated it reads like this. Barack and Michelle have produced an end times movie showing the United States government turning against the people, and using the military to bomb them into submission. Hmm, sounds like someone has been roaming in the corridors of Now The End Begins. We’ve been warning of things like that for 15 years now. I’m sure it’s just a ‘coincidence’, but ‘Leave The World Behind’ comes out just as reports of the Chinese Cyber Army hacking the US power grid are revealed. I’m sure that’s just a crazy coincidence. Now back to your bunker.

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Barack Hussein Obama

Barack Obama Parses His Words Very Carefully As He Calls For An ‘End To The Occupation’ And An Implementation Of The Two State Solution

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Former President Barack Obama called the Israel-Hamas conflict a ‘moral reckoning for all of us’ at an event hosted by his foundation Friday, says ‘occupation must end’.

Last time I checked, Israel was not occupying anyone. They are in their land, given to them by God, as the Bible clearly points out in Genesis. But there is indeed an ‘occupation’ of Gaza and the Palestinians, only it’s Hamas who is doing the occupying. But as Obama was throwing around phrases like ‘end the occupation’, he never mentions who is referring to, and that’s quite intentional. He needs to keep things ‘open ended’ so as not to cause his donors to flee, without alienating his Jewish staff members.

“In the same day the LORD made a covenant with Abram, saying, Unto thy seed have I given this land, from the river of Egypt unto the great river, the river Euphrates: The Kenites, and the Kenizzites, and the Kadmonites, And the Hittites, and the Perizzites, and the Rephaims, And the Amorites, and the Canaanites, and the Girgashites, and the Jebusites.” Genesis 15:18-21 (KJV)

For those of you who are not geographical scholars, here is the original land grant God gave to Abraham in bullet points:

  • The upper-right portion of Egypt
  • All of modern-day Israel
  • All of Lebanon
  • All of of Syria
  • A piece of Turkey
  • Half of Iraq
  • The northern half of Jordan
  • A little slice of Saudi Arabia

Now I understand that in this dispensation of the Church Age, that is something that will never be realized. Israel is actually preparing to go into the time of Jacob’s trouble which includes the 3.5 year time of the great Tribulation. But there is a Day coming where, in that day, all the land that I just told you belongs to Israel will be given back to them by the LORD Himself. In the meantime, Israel is a ‘deadly piece of dirt’ that grows deadlier with each passing day. One day, people like Barack Obama will bow down before the Jewish King of Kings, and confess that Jesus Christ is LORD to the glory of God the Father. And there will be no more the Canaanite in the house of the LORD. That’s a fact, and that’s Bible. Go look it up.

Obama calls for end of ‘occupation,’ security for Israel, state for Palestinians

FROM FOX NEWS: Obama spoke at the Obama Foundation’s Democracy Forum on Thursday, where he called for a two-state solution and an end to the “occupation,” while not clarifying what occupation he meant.

“All of this is taking place against the backdrop of decades of failure to achieve a durable peace for both Israelis and Palestinians,” the former president told the forum audience.

Obama continued, “One that is based on genuine security for Israel, a recognition of its right to exist, and a peace that is based on an end of the occupation and the creation of a viable state and self-determination for the Palestinian people.”

Palestinian governing authority Hamas launched a terrorist attack against Israel on October 7 that killed over 1,400 Israeli citizens. Since then, more than 9,000 people have been killed in Gaza as Israeli Defense Forces continue their ground incursion of the region, the Gaza Health Ministry claims. The death toll is expected to rise once buildings are cleared and rubble is taken away.

“Now, I will admit, it is impossible to be dispassionate in the face of this carnage,” Obama said Thursday. “It is hard to feel hopeful. The images of families mourning, of bodies being pulled from rubble, force a moral reckoning on all of us.”

“We’ve had to sort through our anguish, our outrage, our fears and our differences on the issues,” he said. “I had a conversation with a group of you around this issue, and you were passionate and pushed me around some of the public statements I’d made.”

“And the issue is not a wish for different outcomes – an end to the killing, peaceful coexistence between two sovereign and free peoples – but rather different assessments of the path that we need to take in order to get there,” former president Obama continued.

The United States does not officially support a cease-fire, as President Biden has repeatedly affirmed Israel’s right to self-defense against Hamas. Biden has recently shifted his tone, amid pressure from progressive groups and world leaders, to express support for a humanitarian “pause.”

Israeli Prime Minister Benjamin Netanyahu has said that a pause in Israel’s ground invasion would give time for Hamas to reorganize or plan other attacks. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Barack Hussein Obama

Barack Obama Writes An Open Letter To America’s Librarians Defending & Supporting The LGBTQIA+ Child Grooming Books Sparking Outrage

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Former President Obama on Monday praised the nation’s librarians for standing on the front lines as book bans on LGBTQIA+ graphic porn publications designed to groom and recruit children spread around the nation.

One of the most-pressing and vital issues of our day is putting a stop to the ever-increasing grooming, recruiting and sexualization of our children that goes on 5 days at within the confines of the public school and public library systems across America. Some of the books that are right now available in public libraries and aimed at kids are so filthy that, when read aloud by an irate parent at a school board meeting, they are told to stop reading those passages because they are too graphic. Yesterday, Barack Obama wrote a letter in favor of allowing those books to remain in the libraries, is anyone surprised?

“If I say, I will speak thus; behold, I should offend against the generation of thy children.” Psalm 73:15 (KJB)

One of the tricks employed by the Left and the leftist media is to conflate the LGBTQIA+ agenda with racism, to make it seem like they are one, and the queers with their grooming and recruiting policies draft in behind the legitimate concerns of people of color. Barack Obama does this multiple times in his open letter to the librarians across the country, but to no avail. We will not fall for that nor allow that to be a talking point. The LGBTQIA+ are attempting to force their books displaying graphic depictions and (GRAPHIC LINK WARNING) images of queer sexual activity into the libraries, and we need to push back against this for as long as it takes to defeat it. Some things absolutely should be censored, and books showing (GRAPHIC LINK WARNING) gay oral anal sex to kids in the 3rd grade is one of them. Maybe you recently watched ‘Sound of Freedom’ and got motivated to do something to stop child sex trafficking, and that’s great. Start by going to your local Public Library, and the library in your kid’s schools, and demand the removal of these filthy queer porn books aimed at grooming your kids.

how-satan-turned-america-against-god-bill-grady-end-times-author-nteb-christian-bookstore-saint-augustine-florida-32095

Obama gives shoutout to librarians while blasting queer sex books for children censorship

FROM THE HILL: In a letter to the “hardworking librarians of America,” Obama denounced recent attempts to ban books that touch on topics like gender, sexuality and race. He said many of these books and their authors shaped his life.

“Writers like Mark Twain and Toni Morrison, Walt Whitman and James Baldwin taught me something essential about our country’s character. Reading about people whose lives were very different from mine showed me how to step into someone else’s shoes. And the simple act of writing helped me develop my own identity — all of which would prove vital as a citizen, as a community organizer, and as president,” Obama said.

“Today, some of the books that shaped my life — and the lives of so many others — are being challenged by people who disagree with certain ideas or perspectives,” he added.

barack-michelle-obama-write-letter-to-librarians-defending-lgbtqia-grooming-recruiting-books-for-children-july-2023

During the 2021-2022 school year, more than 1,600 books were banned from school libraries, affecting 138 school districts in 32 states, according to a report from PEN America. Over the last two years, at least 19 states have passed legislation that would incarcerate librarians for providing “harmful” books to minors, according to The Washington Post.

Americans owe librarians a “debt of gratitude” for continuing to provide access to these stories, Obama said.

“In a very real sense, you’re on the front lines — fighting every day to make the widest possible range of viewpoints, opinions, and ideas available to everyone,” Obama said. “Your dedication and professional expertise allow us to freely read and consider information and ideas, and decide for ourselves which ones we agree with.”

Obama’s statement comes as he has joined libraries around the country on TikTok to promote access to books. Though his home state of Illinois is leading the fight to outlaw book bans in public libraries, other states are seeing librarians targeted. In Texas, for instance, police have been called to schools and public libraries at least five times for books that contain “illegal content,” according to the Houston Chronicle.

But illegal content ranges from books covering the life of Ruby Bridges, the first Black child to attend a white-only school, to writings by the nation’s first youth poet laureate, Amanda Gorman.

In his letter, the 44th president said it’s “no coincidence” that many banned books are written by people of color, indigenous people and members of the LGBTQ community.

“I believe such an approach is profoundly misguided, and contrary to what has made this country great,” Obama said.  READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

Continue Reading

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