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Re: A new Global Economic Restructure in 2012 [Re: Elle] #181151
07/24/16 04:50 PM
07/24/16 04:50 PM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
"If You Can't Touch It, You Don't Own It"
http://www.internationalman.com/articles/if-you-cant-touch-it-you-dont-own-it

by Jeff Thomas

The pending Brexit has, not surprisingly, caused a shake-up in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected.

For those readers who live in the UK, or are invested in UK mutual funds, this is reason to tremble at the knees.

So, why have these investors been refused the right to exit the funds? Well, it’s pretty simple. The trouble is that quite a few of them made the request at about the same time. Of course, the management firms don’t keep enough money on hand to pay them all off, so rather than spend all their money paying off as many clients as possible, then going out of business due to a lack of liquidity, they simply announce a freeze on redemptions.

Those who are outraged may read the fine print of their contracts and find that the fund managers have the right to halt redemptions should “extraordinary circumstances” occur. Who defines “extraordinary circumstances”? The fund managers.

Across the pond in the US, investors are reassured by the existence of the Securities and Exchange Commission, which has the power to refuse this option to investment firms… or not, should they feel that a possible run on redemptions might be destructive to the economy.

Countries differ as to the level of latitude they will allow mutual fund and hedge fund management firms to have on their own, but all of them are likely to err on the side of the protection of the firms rather than the rights of the investor, as the firms will undoubtedly make a good case that a run on funds is unhealthy to the economy.

The Brexit news has created a downward spike in investor confidence in the UK – one that it will recover from, but nevertheless, one that has caused investors to have their investments locked up. They can’t get out, no matter how much they may want to. This fact bears pondering.

Presently, the UK, EU, US, et al., have created a level of debt that exceeds anything the world has ever seen. Historically, extreme debt always ends in an economic collapse. The odiferous effluvium hasn’t yet hit the fan, but we’re not far off from that eventuality. Therefore, wherever you live and invest, a spike such as the one presently occurring in the UK could result in you being refused redemption. Should there then be a concurrent drop in the market that serves to gut the fund’s investments, you can expect to sit by and watch as the fund heads south but be unable to exit the fund.

As stated above, excessive debt results in an economic collapse, which results in a market crash. It’s a time-tested scenario and the last really big one began in 1929, but the present level of debt is far higher than in 1929, so we can anticipate a far bigger crash this time around.

But the wise investor will, of course, diversify, assuring him that if one investment fails, another will save him. Let’s look at some of the most prominent ones and consider how they might fare at a time when the economy is teetering on the edge.

Stocks and Bonds

Presently, the stock market is in an unprecedented bubble. The market has been artificially propped up by banks and governments and grows shakier by the day. Bonds are in a worse state – the greatest bubble they have ever been in. This bubble is just awaiting a pin. We can’t know when it will arrive, but we can be confident that it’s coming. Rosy today, crisis tomorrow.

Cash on Deposit

Cyprus taught us in 2013 that a country can allow its banks to simply confiscate (steal) depositors’ funds should they decide that there is an “emergency situation” – i.e., the bank is in trouble. Unfortunately, the US (in 2010), Canada (in 2013), and the EU (in 2014) have all passed laws allowing banks to decide whether they’re “in trouble.” If they so decide, they have a free rein in confiscating your deposit.

Safe Deposit Boxes

Banks in North America and Europe have begun advising their clients that they cannot store money or jewellery in safe deposit boxes. Some governments have passed legislation requiring those who rent safe deposit boxes to register the location of the box, its number, and its contents with the government.

Each year, the storage of valuables in a safe deposit box is becoming more dubious.

Pensions

Pension plans tend to be heavily invested in stocks and bonds, making them increasingly at risk in a downturn. To make matters worse, some governments have begun to grab pension money. Others, such as the US, have announced plans to force pensions to invest in US Government Treasuries – which, in a major economic downturn, could go to zero.

These are amongst the most preferred stores of wealth and are all very much at risk. But there are also two choices that, if invested correctly, promise greater safety.


Real Estate

The Mutual funds in the UK that are presently in trouble are heavily invested in real estate. But real estate that you invest in directly does not face the same risk. However, any real estate that’s located in a country that’s presently preparing for an economic crisis, such as those mentioned above, will be at risk. Real estate in offshore jurisdictions that are not inclined to be at risk is a far better bet. (An additional advantage is that real estate in offshore locations is not even reportable for tax purposes in most countries because it cannot be expatriated to another country.)

Precious Metals

Precious metals are a highly liquid form of investment. They can be bought and sold quickly and can be shipped anywhere in the world, or traded for metals in another location. Of course, storage facilities in at-risk countries may find themselves at the mercy of their governments. However, private storage facilities exist in Hong Kong, Singapore, the Cayman Islands, Switzerland, and other locations that do not come under the control of the EU or US. Precious metals ownership provides greater protection against rapacious governments, but storage must be outside such countries.

The lesson to take away here is that if you can’t touch it, you don’t own it. Banks and fund management firms can freeze your wealth so that you can’t access it. Governments and banks can confiscate your wealth. If you don’t have the power to put your hands on your wealth on demand, you don’t truly own it.

This evening, make a list of all your deposits and investments and determine what percentage of them you do truly own. If you decide that that percentage is too low for you to accept, you may wish to implement some changes… before others do it for you.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Elle] #181282
08/13/16 05:54 PM
08/13/16 05:54 PM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
My comment : Mystery[musterion, "SECRET"] Babylon have done a great job in keeping their organization SECRET all these years. Part of the destruction of Babylon is for their SECRET to be revealed. Who do you think is on the top : the RCC or a Jewish-Edomite sect?

Originally Posted By: Strong's dictionary
G3466 musterion

from a derivative of muo (to shut the mouth);

a secret or "mystery" (through the idea of silence imposed by initiation into religious rites).


Who really runs the IMF?

http://www.gods-kingdom-ministries.net/daily-weblogs/2016/08-2016/who-really-runs-the-imf/

by Stephen Jones

Aug 11, 2016

Here is a mainstream news article that reports how the IMF appears to be run by secret rulers. Even the IMF’s own Independent Evaluation Office (IEO) cannot figure out who is really making the decisions in the IMF. I believe that if they can discover the answer to their questions, the IEO will uncover the real rulers of Babylon, who remain secretive and exercise control through their agents in the IMF (and in governments).

All of this is now coming to the surface, now that the IMF has to admit that its decisions regarding Greece were “calamitous misjudgments” with “warning signs of impending crisis.”

http://www.telegraph.co.uk/business/2016...ises-for-the-i/

Quote:
The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions.

It describes a “culture of complacency”, prone to “superficial and mechanistic” analysis, and traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organisation….

In an astonishing admission, the report said its own investigators were unable to obtain key records or penetrate the activities of secretive "ad-hoc task forces". Mrs Lagarde herself is not accused of obstruction.

“Many documents were prepared outside the regular established channels; written documentation on some sensitive matters could not be located. The IEO in some instances has not been able to determine who made certain decisions or what information was available, nor has it been able to assess the relative roles of management and staff," it said.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Elle] #181286
08/14/16 05:26 PM
08/14/16 05:26 PM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
My comment: Tension is building up in Germany.

I like how Peggy Noonan from Wall street Journal accurately analysed the problem of the Elites vs. the people :

"At its heart it is not only a detachment from, but a lack of interest in, the lives of your countrymen, of those who are not at the table, and who understand that they’ve been abandoned by their leaders’ selfishness and mad virtue-signalling."

This is not only an "Elitist" problem but basically with any carnal leadership -- "lack of interest in the lives of your countrymen". Basically, what the Lord reproach the Israelites of old and religious leaders throughout the generation who failed to love their "flock" and give the needed attentive care to the "vineyard" by which did not produce the desired fruits the Lord required.

German President Booed, Attacked; Claims "The People Are The Problem, Not The Elites"

Tyler Durden's picture
by Tyler Durden
Aug 13, 2016 10:08 PM

Quote:
Revolution is closer than you think...

Following Angela Merkel's earlier calls for German CEOs to hire refugees, and as Martin Armstrong notes, Germany has raided its healthcare funds to support the refugee crisis...

The government passed a law that allows them to take 1.5 billion euros from the liquidity reserve of the public health care fund (10 billion euros in total, paid by all members and additionally by the taxpayer) and to give that money to refugees / asylum seekers.

What would you call this? Insane?
We thought a reminder of the tensions that are bubbling under the surface in Germany.

As VoxDay noted appropriately, Germany's elite is going to get a well-deserved one soon as German President Joachim Gauck was booed and attacked in the streets of Sebnitz, Saxony after he blurted out the following unbelievbable statement:

The elites are not the problem, the people are the problem.


Official German State TV and State Radio reported that "a handful of right wing extremists" have attacked the president and disturbed the otherwise peaceful and welcoming reception of the President. This is simply not the case, as seen in the video...



The people repeatedly shouted "Traitor!", "Get out!", "We don't want STASI Pigs" and "We are the people!".

One man, carrying his young son on his shoulders, appears to have spit on him whilst exclaiming insults. Other citizens were heard saying "You killed our children" and "What have you done to us?". They were blocked by police in riot gear, to whom they said "You are protecting warmongers, shame on you!"

The situation escalated and the riot police was forced to use pepper spray.

Heiko Maas, the German Justice Minister, called the attackers "cowards who insult the president because of their personal frustration". He himself was booed off the stage as a traitor by hundreds of Germans at the annual Labor Day celebration on the 1st of May. He said that they will be persecuted immediately, as "it cannot be allowed that such a tiny minority has influence on the political climate in Germany".

Writing in The Wall Street Journal, Peggy Noonan explained perfectly...

Quote:
The larger point is that this is something we are seeing all over, the top detaching itself from the bottom, feeling little loyalty to it or affiliation with it.

It is a theme I see working its way throughout the West’s power centers.

At its heart it is not only a detachment from, but a lack of interest in, the lives of your countrymen, of those who are not at the table, and who understand that they’ve been abandoned by their leaders’ selfishness and mad virtue-signalling.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Elle] #181305
08/17/16 02:26 PM
08/17/16 02:26 PM
A
Alchemy  Offline
SDA
Active Member 2018

Most Dedicated Member
Joined: Sep 2011
Posts: 2,264
Asia
Originally Posted By: Elle
My comment: Tension is building up in Germany.

I like how Peggy Noonan from Wall street Journal accurately analysed the problem of the Elites vs. the people :

"At its heart it is not only a detachment from, but a lack of interest in, the lives of your countrymen, of those who are not at the table, and who understand that they’ve been abandoned by their leaders’ selfishness and mad virtue-signalling."

This is not only an "Elitist" problem but basically with any carnal leadership -- "lack of interest in the lives of your countrymen". Basically, what the Lord reproach the Israelites of old and religious leaders throughout the generation who failed to love their "flock" and give the needed attentive care to the "vineyard" by which did not produce the desired fruits the Lord required.

German President Booed, Attacked; Claims "The People Are The Problem, Not The Elites"

Tyler Durden's picture
by Tyler Durden
Aug 13, 2016 10:08 PM

Quote:
Revolution is closer than you think...

Following Angela Merkel's earlier calls for German CEOs to hire refugees, and as Martin Armstrong notes, Germany has raided its healthcare funds to support the refugee crisis...

The government passed a law that allows them to take 1.5 billion euros from the liquidity reserve of the public health care fund (10 billion euros in total, paid by all members and additionally by the taxpayer) and to give that money to refugees / asylum seekers.

What would you call this? Insane?
We thought a reminder of the tensions that are bubbling under the surface in Germany.

As VoxDay noted appropriately, Germany's elite is going to get a well-deserved one soon as German President Joachim Gauck was booed and attacked in the streets of Sebnitz, Saxony after he blurted out the following unbelievbable statement:

The elites are not the problem, the people are the problem.


Official German State TV and State Radio reported that "a handful of right wing extremists" have attacked the president and disturbed the otherwise peaceful and welcoming reception of the President. This is simply not the case, as seen in the video...



The people repeatedly shouted "Traitor!", "Get out!", "We don't want STASI Pigs" and "We are the people!".

One man, carrying his young son on his shoulders, appears to have spit on him whilst exclaiming insults. Other citizens were heard saying "You killed our children" and "What have you done to us?". They were blocked by police in riot gear, to whom they said "You are protecting warmongers, shame on you!"

The situation escalated and the riot police was forced to use pepper spray.

Heiko Maas, the German Justice Minister, called the attackers "cowards who insult the president because of their personal frustration". He himself was booed off the stage as a traitor by hundreds of Germans at the annual Labor Day celebration on the 1st of May. He said that they will be persecuted immediately, as "it cannot be allowed that such a tiny minority has influence on the political climate in Germany".

Writing in The Wall Street Journal, Peggy Noonan explained perfectly...

Quote:
The larger point is that this is something we are seeing all over, the top detaching itself from the bottom, feeling little loyalty to it or affiliation with it.

It is a theme I see working its way throughout the West’s power centers.

At its heart it is not only a detachment from, but a lack of interest in, the lives of your countrymen, of those who are not at the table, and who understand that they’ve been abandoned by their leaders’ selfishness and mad virtue-signalling.


This European acceptance of all these refugees sounds like a Pope Francis idea.

Europe is paying for all their efforts to end the European Union, I believe. Another self-imposed crisis.

Re: A new Global Economic Restructure in 2012 [Re: Alchemy] #181313
08/20/16 03:50 PM
08/20/16 03:50 PM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
Originally Posted By: Alchemy

This European acceptance of all these refugees sounds like a Pope Francis idea.

hmmm. I doubt that. I don't think Pope Francis is part of the "Elites" that are in the top of the "Mystery[secret] Babylon" pyramid. Plus I don't know how much he is supporting the "Elites".

Originally Posted By: Alchemy
Europe is paying for all their efforts to end the European Union, I believe. Another self-imposed crisis.

I don't believe it is in Mystery[secret] Babylon's interest to end the European Union. Actually the end of the European Union will indicate the end of Mystery Babylon.

Have you seen the European Union's building ?

http://vigilantcitizen.com/sinistersites/sinister-sites-the-eu-parliament/

It is a look alike of the tower of Babel.

It is the foundational superstate type for Mystery Babylon's NEW WORLD ORDER project where Europe is the model of a world wide union. Well their plan is not going to succeed according to the word of God. And we are now seeing their (Mystery Babylon's system) destruction.

The Brexit vote on June 23rd is a major indication of a soon collapse of the European Union as it open the door of many discontent countries to seperate also.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Elle] #181316
08/21/16 04:05 AM
08/21/16 04:05 AM
A
Alchemy  Offline
SDA
Active Member 2018

Most Dedicated Member
Joined: Sep 2011
Posts: 2,264
Asia
Originally Posted By: Elle
Originally Posted By: Alchemy

This European acceptance of all these refugees sounds like a Pope Francis idea.

hmmm. I doubt that. I don't think Pope Francis is part of the "Elites" that are in the top of the "Mystery[secret] Babylon" pyramid. Plus I don't know how much he is supporting the "Elites".

Originally Posted By: Alchemy
Europe is paying for all their efforts to end the European Union, I believe. Another self-imposed crisis.

I don't believe it is in Mystery[secret] Babylon's interest to end the European Union. Actually the end of the European Union will indicate the end of Mystery Babylon.

Have you seen the European Union's building ?

http://vigilantcitizen.com/sinistersites/sinister-sites-the-eu-parliament/

It is a look alike of the tower of Babel.

It is the foundational superstate type for Mystery Babylon's NEW WORLD ORDER project where Europe is the model of a world wide union. Well their plan is not going to succeed according to the word of God. And we are now seeing their (Mystery Babylon's system) destruction.

The Brexit vote on June 23rd is a major indication of a soon collapse of the European Union as it open the door of many discontent countries to seperate also.


Not only do I believe the Papacy is part of the Babylon elites, I believe the Papacy leads the Babylon elites! Also, I didn't mean the Babylon elites want to end the European Union, they don't. But, I believe most of the people in the European Union want to get out of the European Union, like Brexit.

Re: A new Global Economic Restructure in 2012 [Re: Alchemy] #181323
08/22/16 09:32 AM
08/22/16 09:32 AM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
Sorry for misunderstanding your statement Alchemy. I suspected that was the case. I'll get back to your first statement once I find an particular historical article that shows that the Papacy is in submission to the second beast of Rev 13.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Elle] #181324
08/22/16 09:38 AM
08/22/16 09:38 AM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
Shocking Government Report Finds $6.5 Trillion In Taxpayer Funds "Unaccounted For"
http://www.zerohedge.com/news/2016-08-19...nds-unaccounted

Aug 20 by Tyler Durden
Quote:
Last week, we first touched on a topic which, in any non-banana republic, would be a far greater scandal than what Ryan Lochte may or may not have been doing in a Rio bathroom: namely, government corruption, falsification and potential fraud and embezzlement, which has resulted in the Pentagon being unable to account for up to $8.5 trillion in taxpayer funding.

Today, Reuters follows up on this disturbing issue, and reveals that the Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced. The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up.

As a result, the Army’s financial statements for 2015 were “materially misstated,” the report concluded. The “forced” adjustments rendered the statements useless because “DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions.”

For those wondering, this is what $1 trillion in $100 bills looks like.



Now multiply by 6.

This is not the first time the DoD has fudged its books: disclosure of the Army’s manipulation of numbers is the latest example of the severe accounting problems plaguing the Defense Department for decades. The report affirms a 2013 Reuters series revealing how the Defense Department falsified accounting on a large scale as it scrambled to close its books. As a result, there has been no way to know how the Defense Department – far and away the biggest chunk of Congress’ annual budget – spends the public’s money.... The Army lost or didn’t keep required data, and much of the data it had was inaccurate, the IG said.

In other words, it is effectively impossible to account how the US government has spent trillions in taxpayer funds over the years. It also means that since the money can not be accounted for, a substantial part of it may have been embezzled.

“Where is the money going? Nobody knows,” said Franklin Spinney, a retired military analyst for the Pentagon and critic of Defense Department planning, cited by Reuters.

The significance of the accounting problem goes beyond mere concern for balancing books, Spinney said. Both presidential candidates have called for increasing defense spending amid current global tension; the only issue is that more spending may not be necessary - all that is needed is less government corruption and theft.

An accurate accounting could reveal deeper problems in how the Defense Department spends its money. Its 2016 budget is $573 billion, more than half of the annual budget appropriated by Congress. The Army account’s errors will likely carry consequences for the entire Defense Department. Congress set a September 30, 2017 deadline for the department to be prepared to undergo an audit.

What's worse is that the "fudging" of the numbers is well known to everyone in the government apparatus. For years, the Inspector General – the Defense Department’s official auditor – has inserted a disclaimer on all military annual reports. The accounting is so unreliable that “the basic financial statements may have undetected misstatements that are both material and pervasive.”

Not surprisingly, trying to figure out where the adjustments are has proven to be impossible.

Quote:
Jack Armstrong, a former Defense Inspector General official in charge of auditing the Army General Fund, said the same type of unjustified changes to Army financial statements already were being made when he retired in 2010.

The Army issues two types of reports – a budget report and a financial one. The budget one was completed first. Armstrong said he believes fudged numbers were inserted into the financial report to make the numbers match.

“They don’t know what the heck the balances should be,” Armstrong said.

Meanwhile, for government employees, such as those at the Defense Finance and Accounting Services (DFAS), which handles a wide range of Defense Department accounting services, the whole issue is one big joke, and they refer to preparation of the Army’s year-end statements as “the grand plug,” Armstrong said. “Plug”, of course, being another name for made-up numbers.

Finally, how on earth can one possibly "not account" for trillions? As Reuters adds, at first glance adjustments totaling trillions may seem impossible. The amounts dwarf the Defense Department’s entire budget. However, when making changes to one account also require making changes to multiple levels of sub-accounts. That creates a domino effect where falsifications kept falling down the line. In many instances this daisy-chain was repeated multiple times for the same accounting item.

Quote:
The IG report also blamed DFAS, saying it too made unjustified changes to numbers. For example, two DFAS computer systems showed different values of supplies for missiles and ammunition, the report noted – but rather than solving the disparity, DFAS personnel inserted a false “correction” to make the numbers match.

DFAS also could not make accurate year-end Army financial statements because more than 16,000 financial data files had vanished from its computer system. Faulty computer programming and employees’ inability to detect the flaw were at fault, the IG said.

DFAS is studying the report “and has no comment at this time,” a spokesman said. We doubt anyone else will inquire into where potentially trillions in taxpayer funds have disappeared to; meanwhile the two presidential candidates battle it out on the topic of tax rates when the real problem facing America is not how much money it draws in - after all the Fed can and will simply monetize the deficit - but how it spends it. Sadly, we may never know.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Elle] #181325
08/22/16 09:46 AM
08/22/16 09:46 AM
E
Elle  Offline OP
Active Member 2019
Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
Deutsche bank prepares for bankruptcy
http://www.gods-kingdom-ministries.net/d...for-bankruptcy/
Aug 17, 2016
by Steven Jones

Quote:
As we approach the eighth anniversary of the collapse of Lehman Brothers (September 9-15, 2008), we are now likely to see a repeat performance in 2016, this time in Europe.

http://www.express.co.uk/news/world/7006...r-bail-out-grow

Quote:
GERMANY'S largest bank has ADMITTED it is in "financial repression mode" as it desperately scrambles to implement financial buffers to prevent collapse.

The news comes as it was revealed the bank's profits dropped by 98 per cent last month and its share price reached lows not seen since before 2002.

Now Dominic Konstam, Deutsche Bank's global head of interest rates research, has issued a report that warned a "collapse in risk assets" could cause "panic"….

In July the bank's CEO John Cryan says the bank is preparing for restructuring amid concerns with its assets.


Blessings
Re: A new Global Economic Restructure in 2012 [Re: Alchemy] #181326
08/22/16 06:12 PM
08/22/16 06:12 PM
E
Elle  Offline OP
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Died February 12, 2019

2500+ Member
Joined: Dec 2008
Posts: 2,536
Canada
Originally Posted By: Alchemy
Not only do I believe the Papacy is part of the Babylon elites, I believe the Papacy leads the Babylon elites!

Who is on the top that leads the Elites has been kept secretive, deceptive, and confusing since the beginning of their rulership for "Mystery[secret] Babylon" has long made sure it was not an easy task to figure it out. Their power lied in the fact their existence was kept secret so to better control the world.

That's why we need to go back to historical sources and testimonies of those in those days that first handed came in dealing with them.

Actually the Jewish encyclopedia makes it clear who is on top. It is found in an article on the Rothschilds (in Vol. X), where it states :

Quote:
“It is a somewhat curious sequel to the attempt to set up a Catholic competitor to the Rothschilds that at the present time the latter are the guardians of the papal treasure.”


That quote above and others are found in Stephen Jones compilation & study :

Quote:
The Guardians of Papal Treasure
Jun 01, 2016

For four decades, as I studied the power structure of the modern beast, I noted that historians differed in their opinion as to who actually was in control of the present system. Most of these historians agree that the world is controlled by money and banking, but they did not agree on who controlled the big banks.

This question is vital to understanding the beast from the earth and his relationship with the beast from the sea. Revelation 13:12 says of the second beast,

12 And he exercises [or executes] all the authority of the first beast in his presence. And he makes the earth and those who dwell in it to worship the first beast, whose fatal wound was healed.

This is an unusual situation. The second beast “exercises all the authority of the first beast,” and yet “he makes the earth and those who dwell in it to worship the first beast.” In all previous cases where a beast has arisen, he has overthrown the previous beast and relegated him to the pages of history. Whenever we see something unusual, we must examine it more closely to find out why it is so.

The first thing we see is that the authority itself was indeed transferred from the first to the second beast. Yet in spite of this, we see a cooperation of some kind being set up, wherein the conquered beast, having been brought back to life, is allowed to be worshipped as in previous times. In other words, the second beast does not want to be worshipped, for that would necessitate being out in the open. This second beast prefers to remain hidden and to keep the previous beast in place as the visible object of worship.

The Mystery

Such an arrangement comes out clearly in later chapters, where “the great harlot” carries the name “Mystery Babylon.” The term mystery comes from musterion, which means secret or hidden. Hence, the transition of power from the first beast to the second is the point where the beast empires (going back to Babylon) went underground so that they might rule in secret. Its secretive nature is even suggested by the fact that it was kept secret from Daniel himself. Only John exposes it for us to see.

There seems to be no other compelling reason for God to keep the final beast hidden from Daniel, other than to illustrate its secretive nature. Furthermore, because the first beast continued to be worshipped even after receiving a fatal wound, that first beast visibly appeared to rule until the authority was transferred to the saints of the Most High.

Not understanding this has caused many researchers to believe that the Vatican continues to rule the earth by its control of Western law and all corporations based upon that law. It is also argued often that the Vatican controls the Federal Reserve. But Revelation 13:12 does not support such a belief. John tells us that a new beast arose after 1,260 years, which secretly took all the authority of the first beast, while leaving that first beast as a visible object of worship in the world. In other words, the financial beast from the earth rules over the religious beast from the sea (Holy See).

The Boast

Obviously, proof in the form of signed documents are in short supply, for such papers would defeat the whole purpose of this secret arrangement. Without such hard proof, we have only Scripture at our disposal, which we may believe or disbelieve. Nonetheless, there have always been a few in each generation in the top echelons of power who know of this arrangement. It is inevitable that pieces of information would be leaked, especially since it is the nature of carnal men to want to boast of their power.

And so we find such a boast, written tersely with no explanation, in The Jewish Encyclopedia itself. The key is found in an article on the Rothschilds (in Vol. X), where it is written,

Quote:
“It is a somewhat curious sequel to the attempt to set up a Catholic competitor to the Rothschilds that at the present time the latter are the guardians of the papal treasure.”


http://www.jewishencyclopedia.com/articles/12909-rothschild

In other words, the Rothschilds became the “guardians” of the Vatican’s wealth, holding the key to Rome’s money. When this arrangement began—or what it means to be a “guardian”—is not stated, but the context of the article above states that a Catholic bank, Union Générale, had been set up in 1876 as to compete with the Jewish Rothschild banks, hoping the Vatican would entrust them (instead of the Rothschilds) with their money. This Rothschild competitor apparently did not realize that the Vatican had lost control of its own finances at the time of the Holy Alliance and was therefore unable to entrust its money to a Catholic bank.

Was it by choice that the Roman church continued to utilize a Jewish bank rather than a Catholic bank? If the choice had been left to the Vatican, it seems logical that they would have entrusted their money to Catholics who respected the spiritual authority of the church. But the Vatican seemed to ignore the Catholic bank, and the Rothschilds retained control over the Vatican accounts. Why?

The key is in understanding what a guardian is. Black’s Law Dictionary defines a guardian as:

Quote:
“A guardian is a person lawfully invested with the power, and charged with the duty, of taking care of the person and managing the property and rights of another person who, for some peculiarity of status, or defect of age, understanding, or self-control, is considered incapable of administering his own affairs.”


A guardian is appointed to exercise authority over the financial affairs of a minor, or someone who is mentally impaired, or one who suffers from a lack of self-control. Control of the owner’s finances is entrusted to the guardian who has understanding. Recall that the Apostle Paul said in Galatians 4:1-3,

1 Now I say, as long as the heir is a child, he does not differ at all from a slave although he is the owner of everything, 2 but he is under guardians and managers until the date set by the father. 3 So also we, while we were children, were held in bondage under the elemental things of the world.

Children say that they own certain things, but their ownership is subject to the will of another and is therefore not absolute. So also was the Vatican subjected by the Holy Alliance in 1815 to certain terms by which they would be allowed to continue. The popes were legally declared children, minors, under the guardianship of others, and their “treasure,” not only money but property, buildings, art, etc. came under guardianship.

There is no doubt that the Jewish Encyclopedia used the term guardian as a precise legal term. It suggests that the Roman church had been allowed to survive its deadly wound only on condition that it turned over its property and finances to the Rothschilds as their legal guardians. Thus, the Vatican had to admit legally that it was incapable of administering its own affairs on account of its past excesses.

Doubtless, it was the powers of the Holy Alliance that discussed this issue, bringing up earlier fears of Jesuit power. It seems that they agreed to allow the Jesuit Order to be reinstated, along with the church itself, on condition that their money be spent with certain limitations at the approval of the Rothschilds, acting as agents of the world powers.

The Bankers of the Holy Alliance

The Rothschilds were the “bankers to the Holy Alliance,” as Niall Ferguson says in two statements on the same page in Vol. II, The House of Rothschild:

Quote:
“Thus by the end of 1822 the Rothschilds could justifiably be regarded as bankers to the Holy Alliance…” (p. 127)

“The final coup which completed the Rothschilds’ emergence as ‘bankers to the Holy Alliance’ came in 1822 with the loan to Russia.” (p. 127)

He was referring to the Rothschilds emerging as the main banker who gave loans to the big three nations of the day, showing the stature of this banking house by this time. It adds credence to the Rothschild’s appointment as “guardians of the papal treasure.”

Ferguson also quotes the sons of Mayer Amschel Rothschild, who recalled their father’s words:

Quote:
“Our late father taught us that if a high-placed person enters into [financial] partnership with a Jew, he belongs to the Jew” (The House of Rothschild, Vol. II, p. 77).

It is apparent, then, that the Rothschilds became the legal guardians of the Vatican in 1815 and that this became more apparent in 1822.

The Rothschilds and the Royals

The Rothschilds themselves were the guardians, but this did not mean that they held actual power over the Vatican—at least not at first. Their power increased over time, of course, and gradually they were able to use the power of money to assert their will upon monarchs and nations. Certainly, they would have remembered the words of the Rothschild patriarch, and they would have worked toward subjecting the monarchs by the power of mounting debt. But this took some time. Meanwhile, their loans made them business partners, but as debt piled up, the servants became the real masters.

Power continually shifted over the years, as nations (including the church) plotted daily to increase their own power at the expense of the others. In 1917 Russia was overthrown by Rothschilds and other banking interests. In 1929 the pope made an agreement with Mussolini, in which the papacy received about $85 million from the state of Italy as recompense for their loss of the Papal States in the 1860’s. This money was used to set up the Vatican Bank.

The question is whether or not the Vatican Bank obtained genuine independence from Rothschild guardianship, once it seemed to be able to manage its own finances. The Vatican Bank became a major money laundering bank, not only for fleeing war criminals after World War II, but throughout the decades afterward. I do not know if these activities were done with the approval of the Rothschild banks or not, but the recent attempts by Pope Francis to clean up the banks has run into huge internal roadblocks within the Vatican itself.

Regardless of the changing situation over the past two centuries, if the Rothschild banks were appointed guardians over the financial affairs of the Vatican, it means the earth beast retained control over the sea beast in the background. Yet it is important to recognize that the Rothschilds in 1815 were appointed by the big three powers after the fall of Napoleon: Russia, Germany, and Austria. The Rothschilds did not dictate the terms, but positioned themselves to be entrusted with this guardianship.

Much of this arrangement has surely changed by now, as no such agreement can survive the ever-changing power shifts in history. But while such changes may be interesting, they are not fully relevant to the details established in Revelation 13. John saw only a brief outline and gave us only a short description of this final beast. The most important factor, however, is that the second beast was allied with the first beast while itself remaining secretive, allowing the first beast to remain to be openly worshiped as in previous centuries.


Blessings
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