Figured we could use a thread on this topic.

 

Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30

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Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.

 

The pope’s rescript, issued Aug. 23, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia, Praedicate Evangelium, promulgated in March.

 

According to Francis’ rescript, financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022.

 

The IOR, based in Vatican City State, has 110 employees and 14,519 clients. As of 2021, it looked after 5.2 billion euros ($5.6 billion) of client assets. ...

 

Erm...
 

 

39 minutes ago, Ann said:

Erm...
 

 

This seems eerily familiar. 

3 hours ago, Ann said:

Erm...
 

 

 

Are you &#%$ing kidding me???  Less than 15 years later?  Let me guess, it'll blow up just around the time the next Republican is in office so we can hear about he caused the next 'Great Recession'.

 

20 minutes ago, KD in CA said:

 

Are you &#%$ing kidding me???  Less than 15 years later?  Let me guess, it'll blow up just around the time the next Republican is in office so we can hear about he caused the next 'Great Recession'.

 

Trump's fault 

Who the &#%$ is buying these instruments outside of the central bank? Nobody with at least half a brain, that's who. 

 

Image

 

@Nouseforaname

 

The multipolar world is being born.

 

Russia's top banks have started lending out yuan and transferring China's currency outside the SWIFT system

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... "I don't think Russia will return to such a situation of the dollar's influence on the domestic economy," Sberbank CEO German Gref said at Russia's Eastern Economic Forum in Vladivostok, according to Reuters.  ...

 

... Russia's has embraced the yuan as a potential alternative payment method more strongly. Ruble-yuan trading volumes have soared, and Russia is now the third-biggest market for yuan transactions outside the Chinese mainland. 

 

Russia is done with Western banking. Along with that, due to an enhanced recognition of what is and has been going on for decades, they are going to be dragging a whole bunch of sectors into their new way (old really) of perceiving things. 

9 minutes ago, Foxx said:

@Nouseforaname

 

The multipolar world is being born.

 

Russia's top banks have started lending out yuan and transferring China's currency outside the SWIFT system

 

Russia is done with Western banking. Along with that, due to an enhanced recognition of what is and has been going on for decades, they are going to be dragging a whole bunch of sectors into their new way (old really) of perceiving things. 

 
For banking and money transfer systems  to last they need confidence and stability.  I’ve seen this script before.  

7 minutes ago, Nouseforaname said:

 
For banking and money transfer systems  to last they need confidence and stability.  I’ve seen this script before.  

Agreed. However, with the West stepping on rakes every time they turnaround, the script may have flipped.

The idiots in Washington never really grasped the concept that if you overuse financial/banking sanctions, other nations will adapt.

On 9/7/2022 at 3:29 PM, Foxx said:

Agreed. However, with the West stepping on rakes every time they turnaround, the script may have flipped.

https://www.wsj.com/articles/why-is-the-dollar-so-strong-american-innovation-11662903959

24 minutes ago, Nouseforaname said:

https://www.wsj.com/articles/why-is-the-dollar-so-strong-american-innovation-11662903959

I might argue that due to most other currencies in the West being weak, that we are experiencing being the back stop at present. With the sanctions killing our proxies, it is directly affecting their currency, the Euro.

 

This is not over by a long shot. In fact, I would say that the show is just getting started.

The History Books Will Prove This is an Industrial Example of The Great Pretending

 

This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing.   This is the best example to date of the misconception behind ‘The Great Pretending.’

U of Penn, Wharton Business School professor of finance, Jeremy Siegel, rails against Jerome Powell and the central bankers for raising interest rates into a collapsing western global economy.  Everything, everything he outlines, is essentially accurate about the damage being done to western economies. …. Except the biggest realization and acceptance is missing…. It’s being done by design.  The people he outlines are not making a mistake, they are doing it on purpose.

 

 

The U.S, EU, CA, AU and western economic central bankers did not respond sooner to the inflation crisis (2021) because the central banks were waiting for the politicians in their systems to establish the energy policy that their pre-planned action was intended to support. 

 

Once the collective Build Back Better/Climate Change energy policy was established (2021), and after the resulting inflation created the justification for the central bank action, then -and only then- did the central bankers trigger the next phase of raising interest rates (2022) to reduce western economic activity and support the Build Back Better agenda.

 

All of this was by design.  None of this was by mistake.  The process, strategy and timing were all part of the Build Back Better agenda.  Purposefully created inflation, the result of the energy policy, was planned and used by the central banks to justify the rate increases.  It was a self-fulfilling prophecy built into the Build Back Better roadmap.

 

Now these ‘bankers’ are trying to collapse the economy to meet the reduction in energy production.  The bankers are supporting the political motives of the politicians.  This is all intentional.  Jeremy Siegel misses this core and fundamental aspect.   However, some of the lesser ideological western leaders (politicians) are starting to get ‘cold feet.’

 

MORE AT THE LINK

21 hours ago, SackMan518 said:

The History Books Will Prove This is an Industrial Example of The Great Pretending

 

This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing.   This is the best example to date of the misconception behind ‘The Great Pretending.’

U of Penn, Wharton Business School professor of finance, Jeremy Siegel, rails against Jerome Powell and the central bankers for raising interest rates into a collapsing western global economy.  Everything, everything he outlines, is essentially accurate about the damage being done to western economies. …. Except the biggest realization and acceptance is missing…. It’s being done by design.  The people he outlines are not making a mistake, they are doing it on purpose.

 

 

The U.S, EU, CA, AU and western economic central bankers did not respond sooner to the inflation crisis (2021) because the central banks were waiting for the politicians in their systems to establish the energy policy that their pre-planned action was intended to support. 

 

Once the collective Build Back Better/Climate Change energy policy was established (2021), and after the resulting inflation created the justification for the central bank action, then -and only then- did the central bankers trigger the next phase of raising interest rates (2022) to reduce western economic activity and support the Build Back Better agenda.

 

All of this was by design.  None of this was by mistake.  The process, strategy and timing were all part of the Build Back Better agenda.  Purposefully created inflation, the result of the energy policy, was planned and used by the central banks to justify the rate increases.  It was a self-fulfilling prophecy built into the Build Back Better roadmap.

 

Now these ‘bankers’ are trying to collapse the economy to meet the reduction in energy production.  The bankers are supporting the political motives of the politicians.  This is all intentional.  Jeremy Siegel misses this core and fundamental aspect.   However, some of the lesser ideological western leaders (politicians) are starting to get ‘cold feet.’

 

MORE AT THE LINK

He is mostly correct except that the underlying basis of it all is CBDC's and to have them accepted by the (m)asses. Of which, equates to total and complete control of the entire global population.

 

 

1 hour ago, Foxx said:

 

As I always say, when the economic outlook is negative, investors run to the safe haven of the US and treasury.

Who will be first? Because, it is coming again.

 

2 hours ago, Foxx said:

Who will be first? Because, it is coming again.

 

Last weeks action by the uk government didn’t help and was a huge mistake.  
 

14 years ago, today.

 

https://www.wsj.com/articles/britains-financial-disaster-is-a-warning-to-the-world-11664596851
 

Behind a paywall but a great read on the mess this week in the UK.  Tread carefully central banks