Impose new Glass Steagall Act and nudge for better financial regulation

Luigi Zingales of Chicago Univ has written an excellent paper on future of financial regulation. Abstract:

The U.S. system of securities law was designed more than 70 years ago to regain investors’ trust after a major financial crisis. Today we face a similar problem. But while in the 1930s the prevailing perception was that investors had been defrauded by offerings of dubious quality securities, in the new millennium, investors’ perception is that they have been defrauded by managers who are not accountable to anyone. For this reason, I propose a series of reforms that center around corporate governance, while shifting the focus from the protection of unsophisticated investors in the purchasing of new securities issues to the investment in mutual funds, pension funds, and other forms of asset management.

He highlights financial system has gone through a sea change from being individually owned to institutions owned. What has also happened is that large number of people now depend on financial markets for their retirement purposes. So earlier you had to pass laws/regulation to save people from frauds etc, we still need regulations to save people from such dramatic collapses in financial markets.

The massive increase in the use of financial markets for retirement purposes has made the financial markets much more important for ordinary people. In 1975, the value of privately-held pension assets represented only 18% of the GDP and 70% was represented by defined benefit plans, which did not directly expose workers to financial market risk; today, pension assets represent 60% of the GDP, 70% of which is in defined contribution plans and thus exposed to financial market risk. As a result, the efficiency of individual investment choices and the costs they bear is not just an issue of fairness, but a primary public finance consideration. Without wise investments, the vast majority of Americans will not have enough to support themselves in retirement.

He proposes 3 measures:

First, a reform of corporate governance aimed at empowering institutional investors to nominate their  own directors to the board. This reform will make it worthwhile for directors to develop a reputation of acting in the interest of shareholders and hence to make corporate managers accountable. However, to minimize the risk that institutional investors pursue a self-interested agenda, institutional investors should be themselves independent. To achieve this goal, I propose a new Glass-Steagall Act, which instead of separating commercial and investment banking will separate mutual fund management from investment and commercial banking.

The second goal should be the protection of unsophisticated individuals with regard to their investments. The minimum this protection entails is enhanced disclosure. At the time of purchase, investors should be provided with a dollar estimate of all the expenses that will be charged to their investment, including the amount paid in trading commissions, itemized as commissions paid for trading and those paid for services. Similarly, at the time of the purchase, brokers should disclose the fee they receive on the different products they sell, including the “soft dollar” they receive in the form of higher trading costs. The same strict standards should apply to both brokerage accounts and money management accounts.

The third goal should be that of reducing the regulatory gap between public markets and private markets. The recent trend of migration from the former to the latter suggests that this differential is excessive. This migration should be stopped not only by deregulating the public market, but also by introducing some disclosure standards in the private one. In the public market, the empowerment of institutional investors will make it possible to transform some of the mandatory regulation into optional rules, following the British comply-or-explain system. On the private market front, there are compelling reasons to mandate a delayed disclosure provision in which hedge funds, private equity funds, and even companies private equity funds invest in report information and performance with a 1 to 2 year delay.

So, in first he talks about a new Glass SteagalL Act which seperates MFs from Commercial and I-Banking. I think there is a need to seperate all investment management options (MF, hedge funds, private equity etc) from C-Banking and I-Banking. What is also happening is that most of these C-Banks/I-Banks also own (partially or fully) quite a few of these investment vehicles.

Second is basically a nudge which nudges  the MF/brokers etc to disclose all about the expenses charged by them to the investors. Thaler/Sunstein had also proposed something similar in this WSJ article using internet. Zingales also adds:

A more delicate topic is whether to take a more paternalistic view toward investors who seem to behave in an uninformed or irrational way. At the very least, there is a strong case to apply some version of the “libertarian paternalism” à la Thaler and  Sustein (2003), by introducing default options that favor low-cost indexed funds. For example, it could be required that every 401(k) plan contains at least one low-cost index fund, which should be the default option for investors, unless they specify otherwise.

India’s pension authority has already taken lessons from the same.

The third proposal is a follow-up to the first proposal. It is only when we know enough about private financial market participants can we know whether they are independent or not. This has been raised many a times but nothing has really been done. The Private financial market activity has only exploded without any regulation.

A very interesting and readable paper with loads of interesting stuff (a Luigi Zingales paper always is).

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8 Responses to “Impose new Glass Steagall Act and nudge for better financial regulation”

  1. bartholomew Says:

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  2. Glass Steagall Act Says:

    [...] Impose new Glass Steagall Act and nudge for better financial … (mostlyeconomics.wordpress.com) – March 18, 2009To achieve this goal, I propose a new Glass-Steagall Act, which instead of separating commercial and investment banking will separate mutual fund management from investment and commercial banking. … [...]

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  7. Using nudge to simplify banking services in Italy « Mostly Economics Says:

    [...] Their proposal was for simplifying credit card charges via websites. Luigi Zingales also suggested on same lines for comparing mutual fund fees [...]

  8. fffwv13 Says:

    THE BEASTLY BARONS THAT CONTROL GOLDMAN SACHS, CITIGROUP, JP MORGAN, UBS, DEUTSCHE BANK, ETC.

    THE GENOCIDAL POLICIES IMPLEMENTED IN MANY STATES OF THE WORLD ARE THE RESULT OF THE BAILOUTS OF THE BANKS DETERMINED BY THE ABOLITION OF THE GLASS-STEAGALL ACT IN ALMOST ALL THE WORLD.

    ” ……… in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears. http://countryeconomy.com/unemployment/spain

    http://www.gregpalast.com//vulturespicnic/pages/filecabinet/chapter12/Geithner_Summers%20Memo.pdf

    The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world………………………………………………………………………….
    The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.
    Second, the banks wanted the right to play a new high-risk game: “derivatives trading.” JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets.” http://www.gregpalast.com/wp-content/uploads/10-K-report-2008-JP-Morgan-88Trillion.pdf
    Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.
    But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?
    The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet – in one single move. It was as brilliant as it was insanely dangerous.
    How could they pull off this mad caper? The bankers’ and Summers’ game was to use the Financial Services Agreement, an abstruse and benign addendum to the international trade agreements policed by the World Trade Organization.
    Until the bankers began their play, the WTO agreements dealt simply with trade in goods–that is, my cars for your bananas. The new rules ginned-up by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.
    Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products.”
    And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.
    The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organization.

    Bankers Go Bananas

    Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?
    The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.

    And so on–with every single nation bullied into signing.

    Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union’s Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. http://www.gregpalast.com//vulturespicnic/pages/filecabinet/chapter12/5_protocol.pdf
    But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.
    China signed–but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)
    The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalized: Goldman Sachs (where Treasury Secretary Rubin had been Co-Chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim–and the continent is now being sold off in tiny, cheap pieces to Germany.
    Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: The gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.
    Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.

    And the memo reveals a lot about Summers and Obama.

    While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup.” Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup—which went bankrupt while managing to pay Rubin a total of $126 million.

    http://www.nytimes.com/2009/01/10/business/10rubin.html

    Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.

    http://www.nytimes.com/2013/08/11/business/economy/the-fed-lawrence-summers-and-money.html

    That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game. ……………… http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/

    WHO CONTROL GOLDMAN SACHS, JP MORGAN AND CITIGROUP INVOLVED IN THE ABOLITION OF THE GLASS-STEAGALL ACT ?

    A) GOLDMAN SACHS IS CONNECTED WITH WARREN BUFFET A FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    JACOB ROTHSCHILD “Hosted the European Economic Round Table conference in 2002 at Waddesdon Manor, attended by such figures as James Wolfensohn, Nicky Oppenheimer, Warren Buffet, and Arnold Schwarzenegger ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
    The same Warren Buffet, that is chairman of Berkshire Hathaway, ” agreed to purchase $5 billion in Goldman’s preferred stock “.
    https://en.wikipedia.org/wiki/Goldman_Sachs https://en.wikipedia.org/wiki/Berkshire_Hathaway
    GOLDMAN SACHS IS CONNECTED ALSO WITH THE EDMOND DE ROTHSCHILD. http://uk.linkedin.com/in/ruperttipler

    http://www.zoominfo.com/p/Christoph-Ladanyi/23971288

    THE EDMOND DE ROTHSCHILD IS OWNED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild ) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild )

    http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Benjamin-de-Rothschild-206941

    http://andrewgavinmarshall.com/2013/07/10/global-power-project-part-5-banking-on-influence-with-goldman-sachs/

    B) JP MORGAN IS LINKED WITH TONY BLAIR THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.

    http://www.telegraph.co.uk/news/celebritynews/6672904/Roman-Polanski-will-be-too-late-to-complete-his-film.html

    “Tony Blair. Illegitimate Son Of Jacob Rothschild….Evidence” http://the-tap.blogspot.com/2012/06/can-you-spot-it.html https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
    http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html https://en.wikipedia.org/wiki/Evelyn_Robert_de_Rothschild
    NOW WE MUST NOTICE A STRANGE COINCIDENCE:” TONY BLAIR A GREAT FRIEND OF JACOB ROTHSCHILD AND ALSO GREAT FRIEND OF EVELYN DE ROTHSCHILD AND “CASUALLY” HE FOUND A GOOD PLACE IN THE BANK JP MORGAN”.

    http://www.rawstory.com/rs/2012/05/28/heckler-brands-tony-blair-a-war-criminal-over-jpmorgan-payments/

    http://landdestroyer.blogspot.de/2012/05/protester-calls-tony-blair-war-criminal.html

    http://www.thisismoney.co.uk/money/celebritymoney/article-2167655/Former-PM-Tony-Blair-alleged-earned-80million-2007.html

    TONY BLAIR IS A PROMOTER OF THE GENOCIDAL “REFORMS” OF THE HEALTH CARE SYSTEM IN BRITAIN. http://larouchepac.com/node/28620

    http://www.dailymail.co.uk/news/article-2238916/Ministers-order-inquiry-care-pathway-payments-saw-hospitals-receive-millions-implement-controversial-system.html

    http://www.dailymail.co.uk/news/article-2240075/Now-sick-babies-death-pathway-Doctors-haunting-testimony-reveals-children-end-life-plan.html

    http://www.telegraph.co.uk/health/healthnews/9716418/Half-of-those-on-Liverpool-Care-Pathway-never-told.html

    JP MORGAN IS ALSO CONNECTED WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD
    ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ). http://uk.linkedin.com/pub/juan-bergas-sastre/22/39/898/en http://www.zoominfo.com/p/Richard-Madeley/89504503
    ” J.P. MORGAN SAYS POST-WWII ANTI-FASCIST CONSTITUTIONS ARE OBSTACLE TO REIMPOSING FASCISM ” http://larouchepac.com/node/26996
    http://waronyou.com/forums/index.php?topic=25529.0 http://larouchepac.com/node/28338 http://larouchepac.com/node/27485
    http://www.occupy.com/article/global-power-project-part-4-banking-influence-jpmorgan-chase http://larouchepac.com/node/28700
    J.P. MORGAN: FASCIST THEN, FASCIST NOW http://larouchepac.com/node/27110

    http://hat4uk.wordpress.com/2012/09/15/money-laundering-jp-morgan-in-the-frame-for-venezuelan-drugs-link/

    C) CITIGROUP IS ALSO LINKED WITH WARREN BUFFET, THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    Warren Buffet ” has been a Director of Citigroup Global Markets Holdings Inc., (formerly, Salomon Inc.) since 1987. ” http://www.sourcewatch.org/index.php/Warren_Buffett
    CITIGROUP HAS ALSO LINKS WITH THE EDMOND DE ROTHSCHILD OF BENJAMIN DE ROTHSCHILD AND OF HIS WIFE ARIANE DE ROTHSCHILD.
    ” Stefano Rossi that in a famous interview speaks of virtuous countries and of the impending crisis of Greece and of Spain, is CEO of Edmond De Rothschild and began his career in London in 1988. In 1989 he returned to Italy to join Citibank.”

    http://theyellowbrickroadfreeblog.wordpress.com/2012/05/11/the-rothschild-clan-in-italy-sleuth-bankers/

    http://andrewgavinmarshall.com/2013/07/24/global-power-project-part-7-banking-on-influence-with-citigroup/

    D) THE WORLD TRADE ORGANIZATION IS CONTROLLED BY GOLDMAN SACHS.
    ” Peter Sutherland is chairman of Goldman Sachs International in London…. Prior to joining the World Trade Organization (GATT) in 1993, he was with the firm for three years as an international advisor.” http://berggruen.org/people/peter-sutherland

    E) PETER MANDELSON THAT THREATENED BRAZIL IS CLOSELY RELATED WITH THE FAMILY OF JACOB ROTHSCHILD, BUT HAS ALSO LINKS WITH EVELYN DE ROTHSCHILD.
    Peter Mandelson is a great friend of Nat Rothschild, the son of Jacob Rothschild.

    http://www.dailymail.co.uk/news/article-1080660/Use-Ferrari-Mandy-told-Rothschild-Klosters-holiday.html

    Mandelson is in good relations with Hannah Rothschild, the daughter of Jacob Rothschild.

    http://www.dailymail.co.uk/news/article-1321095/Mandy-The-Movie-Prince-Darknesss-ultimate-vanity-project-shot-just-Labour-lost-election.html

    And also with the same Jacob Rothschild. http://www.conspiracyarchive.com/Blog/?p=2787

    http://www.dailymail.co.uk/debate/article-1205448/The-rich-love-power-He-adores-wealth.html

    ” In 2000, Sir Evelyn clandestinely provided the newly established British “super think tank,” Policy Network, with 250,000 pounds sterling to get it started. Policy Network is the coordinating organization between the DLC and Labour’s inner circle. Peter Mandelson, Privy Councilor since 1998 and a Ditchley governor, was the initial chairman of the Policy Network. ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm

    WHAT IS HAPPENING IN SOME COUNTRIES AFTER THE ABOLITION OF THE SEPARATION BETWEEN COMMERCIAL BANKS AND INVESTMENTS BANKS ?

    1)” WHILE OBAMACARE KILLS, IT WILDLY ENRICHES THE INSURANCE CONGLOMERATES — AS INTENDED
    October 4, 2013 • 11:48AM

    Two-thirds of the poor blacks and single mothers in the United States, and more half of the low-wage workers without health insurance, will be DENIED any support for their health care under Obama’s “Affordable Care Act,” even while the cost of the coverage available to them increases drastically. A New York Times analysis of census data shows that the 26 states which chose not to expand Medicaid (a choice left to the states under Obamacare), comprise half the nation’s population but 68% of the poor, uninsured blacks and single mothers, who will not be eligible for coverage under the killer scheme.
    The study estimates that eight million Americans are “impoverished, uninsured, and ineligible for help.”
    The study did not even count the huge undocumented immigrant population.
    It is no surprise that the winners in the Obamacare game are from Wall Street’s big insurers. This is inherent in the fascist (corporatist) nature of the plan, which unites the health insurance cartels with the government, in a drive to cut back health care for the “useless eaters” in the population.
    Robert Lenzner of Forbes reported Oct. 1 that the “value of the S&P health insurance index gained 43%” this year alone. CIGNA is up 63%; Wellpoint 47%; and United Healthcare 28%. Since the passage of Obamacare in 2010, the stock values of these big firms have risen 200-300%!
    United Healthcare, the largest insurer, with about 70 million insured, reported last summer that they had a particularly strong past year, with net income of $5.1 billion, up by 11% from the previous year; similarly for the others — even before the bonanza to result from the corporatist plan to force every American to buy their inflated products, beginning on October 1.
    United Healthcare, it should be recalled, has as a top executive Simon Stevens, who was Tony Blair’s health policy advisor and the architect of NICE (National Institute for Health and Clinical Excellence) in 1999, the “reform” of the British National Health Service which imposed triage and genocide on the British people through selective denial of cancer drugs, surgeries, kidney dialysis, and other treatments. This was the model for the IPAB (Independent Payment Advisory Board), which is now the law of the land under Obamacare. Genocide can be profitable. http://larouchepac.com/node/28409
    ( Health Insurers Scream, ‘Too late, we’ll have to raise rates,’ as Obama Again Hosts Them at White House http://larouchepac.com/node/28901)
    ( ObamaCare is Doing its job: Cutting, Shutting capacity to Give medical care http://larouchepac.com/node/28775 )
    ( Healthcare Cuts Are Killing Americans Now http://larouchepac.com/node/28733 )
    ( Never-Ending Reports of Obamacare Disasters http://larouchepac.com/node/28750 )
    ( Obama Cutting Food for 47 Million Americans http://larouchepac.com/node/28721 )
    ( LEAKED MEMO SHOWS OBAMA WAS WARNED IN MAY 2010 THAT OBAMACARE IMPLEMENTATION WOULD FAIL http://larouchepac.com/node/28765 )
    ( Obama in Office Is Biggest Threat to Lives; U.S. Public Hospital System Being Destroyed http://larouchepac.com/node/28861 )
    ( Obama’s whole economic Policy Kills, Not just ObamaCare http://larouchepac.com/node/28948 )

    VANGUARD GROUP IS THE BIGGEST SHAREHOLDER OF THE INSURANCE COMPANY CIGNA, BUT IS ALSO A BIG SHAREHOLDER OF WELLPOINT AND UNITEDHEALTH GROUP. http://finance.yahoo.com/q/mh?s=CI http://finance.yahoo.com/q/mh?s=WLP http://finance.yahoo.com/q/mh?s=UNH
    VANGUARD GROUP IS LINKED WITH DICK CHENEY.
    ” US Vice President Dick Cheney was indicted today for a prison profiteering scheme and charged with abuse of prisoners. Cheney invested millions in the Vanguard Group, an investment management company with interests in the prison companies in charge of detention centers. Former Attorney General Alberto Gonzales was also indicted in the prison profiteering scheme, resulting in ongoing prisoner assaults and at least one murder………….. ” http://november.org/stayinfo/breaking08/Cheney_Gonzales_Indicted.html
    DICK CHENEY IS CONNECTED WITH JACOB ROTHSCHILD.
    ” Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.
    A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.” http://www.globalresearch.ca/srael-grants-first-golan-heights-oil-drilling-license-to-dick-cheney-linked-company/5347779
    CHENEY IS LINKED WITH THE BRITISH ROYAL FAMILY AND WITH THE BUSH FAMILY/CARLYLE BOTH FRONT OF THE ROTHSCHILDS. https://en.wikipedia.org/wiki/Dick_Cheney http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/
    ” Queen Elizabeth II strolled Friday through a replica of the fortress British adventurers built 400 years ago in Jamestown, America’s first permanent English settlement.
    Under gray skies and flanked by Vice President Dick Cheney and Gov. Timothy M. Kaine, the monarch walked along a tourist village of primitive, thatch-roofed buildings.” ” The queen, Cheney and Kaine will attend a lunch in Williamsburg, then visit the College of William and Mary before the royal couple departs for Louisville, Ky., and Saturday’s Kentucky Derby. Next week she visits President Bush in Washington. ” http://www.cbsnews.com/2100-207_162-2757017.html
    ALSO obama IS A PUPPET OF THE QUEEN. http://m.bbc.co.uk/news/uk-13489879
    THE BRITISH ROYAL FAMILY HAS LINKS WITH JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD. http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/
    obama IS THE PROSTITUTE OF GOLDMAN SACHS AND JP MORGAN BOTH RELATED WITH THE ROTHSCHILDS.

    http://prof77.wordpress.com/politics/an-updated-list-of-goldman-sachs-ties-to-the-obama-government-including-elena-kagan/

    http://yourdaddy.net/2010/04/29/scandal-obama-gore-goldman-joyce-foundation-ccx-partners-to-fleece-usa/

    ” …….In anticipation of a deal with the Justice Department over JPMorgan’s fraudulent mortgage securities operations, the Washington Post business section today ran an exhaustive profile of CEO Jamie Dimon, noting that he has visited the White House 22 times since Obama entered the presidency. ………” http://larouchepac.com/node/28762
    THEREFORE ARE THE ROTHSCHILDS HIDDEN BEHIND obama THAT ARE SUPPORTING AL QAEDA IN SYRIA.
    ( FIGHTING AL QAEDA BY SUPPORTING AL QAEDA IN SYRIA: THE OBAMA ADMINISTRATION IS A ‘STATE SPONSOR OF TERRORISM’ ) http://jimcraven10.wordpress.com/2013/06/23/4928/

    http://www.independent.co.uk/voices/comment/polio-has-broken-out-in-syria-and-20-million-children-are-to-be-vaccinated-8931389.html

    2) Moody’s and S&P Have Downgraded the Big Banks over the Bail-in

    http://larouchepac.com/node/28898

    WHO ARE THE THIEVES THAT ARE ASKING THIS ROBBERY ?
    WHO CONTROLS THE RATING AGENCIES ?
    “As for the rating agencies, how reliable are they?
    They have a pretty questionable credibility, as they were the ones who gave a triple-A rating to the subprime securities issued by Lehman Brothers, just 3 days before its bankruptcy.
    These same “clairvoyant” agencies are extremely powerful and do as they please on financial markets, including on those unregulated known as OTC (Over The Counter Derivatives) or the toxic markets in which agents buy insurance against the risk of default, CDS (Credit Default Swaps). They are closely related to Anglo-Saxon banks (including Goldman Sachs and Citibank). ” http://greekleftreview.wordpress.com/2010/07/12/the-meaning-of-the-greek-crisis/
    THE QUESTION OF THE BAIL-IN IS RELATED WITH SOME ROBBER BARONS THAT CONTROL DEUTSCHE BANK .
    ” At an event of the Konrad Adenauer Foundation in Wiesbaden on Wednesday night, the theme of which could be described as “Ask what you can do for your bank,” the two speakers, Hesse State Finance Minister Thomas Schäfer (CDU) and Deutsche Bank chief economist Thomas Mayer, made heavy propaganda pitches for the bail-in approach, presenting it along with the euro as ostensibly lacking any alternative. Mayer even went so far as to speak of the “unenlightened welfare state citizen” who always wants the state to give and never gives himself, as opposed to the “enlightened welfare state citizen” who voluntarily pays more taxes.”
    http://larouchepac.com/node/27223 http://larouchepac.com/node/28525
    WE HAVE ALREADY NOTED THAT DEUTSCHE BANK IS CONNECTED WITH BLACKSTONE.

    http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/

    http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan

    THE QUESTION OF THE BAIL-IN IS RELATED ALSO WITH CYPRUS AND GOLDMAN SACHS.
    THE ROB-IN WAS IMPOSED TO CYPRUS BEHIND BLACKMAIL OF THE EUROPEAN CENTRAL BANK.
    “ECB Threatens Cyprus with Liquidity Cutoff ” http://larouchepac.com/node/25929
    BUT THE ECB IS CONTROLLED BY GOLDMAN SACHS BECAUSE MARIO DRAGHI, PRESIDENT OF THE ECB, WAS ” vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005).”

    https://en.wikipedia.org/wiki/Mario_Draghi

    PERHAPS ARE JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD THAT WANT TO STEAL THE DEPOSITS OF THE SAVERS ?

    3) CUTS IN HEALTH INSURANCE FOR DETROIT CITY WORKFORCE http://larouchepac.com/node/28731

    THE PROBLEMS OF DETROIT ARE LINKED WITH THE BANKS UBS AND BANK OF AMERICA

    ” …….Some experts are now estimating that the payments to the megabanks UBS and Bank of America, which Detroit faces on the “interest-rate swaps” derivatives it was conned into buying, may even be considerably larger than the $225 million reported in EIR’s “Detroit Facts”. According to both the Financial Times and columnist Yves Smith’s Naked Capitalism blog, the city may face immediate looting of $700 million, on top of more than $100 million a year lost to the city for the past eight years on these derivatives bets. The appointment of Kevyn Orr as emergency manager by Gov. Rick Snyder on March 14, was itself a “credit event” potentially triggering a $400 million derivatives payment by the city, one which Orr and the banks may be “not bringing up” until bankruptcy court hearings start…….” http://larouchepac.com/node/27564

    BANK OF AMERICA is also connected with the person of Warren Buffet a friend of JACOB ROTHSCHILD and EVELYN DE ROTHSCHILD.

    http://www.huffingtonpost.com/2011/11/14/warren-buffett-ibm_n_1092165.html

    Bank Of America and Merrill Lynch ( subsidiary of Bank of America ) are also related with the Edmond De Rothschild, owned by BENJAMIN DE ROTHSCHILD AND ARIANE DE ROTHSCHILD, through the persons of Gerald Levy, Matthieu Walterspiler, Barbara Colombo, Beate Bakker, etc… https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild
    http://www.linkedin.com/pub/gerald-levy/60/b49/b87 http://uk.linkedin.com/in/walterspiler http://www.linkedin.com/pub/barbara-colombo/26/b21/766

    http://ch.linkedin.com/pub/beate-bakker/16/a55/491

    UBS IS LINKED WITH BUNDESBANK AND DEUTSCHE BANK.
    ” Axel Alfred Weber ….. is a board member and chairman of the board of UBS.[1] He was president of the Deutsche Bundesbank ”

    https://en.wikipedia.org/wiki/Axel_A._Weber

    BUT BUNDESBANK IS RELATED WITH CARLYLE AND THEREFORE WITH BLACKSTONE, DEUTSCHE BANK AND THE ROTHSCHILDS.

    http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/

    http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/

    ” Karl Otto Pöhl (born 1 December 1929) is a German economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991………..
    Karl Otto Pöhl is currently a partner in Sal. Oppenheim Jr. & Cie., a German private investment bank and is a member of the Advisory Board of the Carlyle Group. ”

    https://en.wikipedia.org/wiki/Karl_Otto_P%C3%B6hl

    THE SAME AXEL WEBER WAS A POTENTIAL SUCCESSOR OF JOSEF ACKERMANN AS CEO OF DEUTSCHE BANK.

    http://sandiegoshotels.blogspot.com/2011/04/ackermann-succession-can-axel-weber.html

    https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild )
    ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ) https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm

    ” The fight for a Glass-Steagall type banking sepearation in Switzerland is now reaching the boiling point, with the Swiss Banking Association being forced to come out in the open and attack proposed legislation in Switzerland for Bank Separation, while a grouping of political forces are now consolidating their fight to force the legislation. ………………………….
    UBS chief Sergio Ermotti, on the contrary, chose to declare war in an interview with the economic magazine L’Agefi. While the apparent subject of the interview was the UBS gains from its investments in Vodafone, his remarks came down to an attack on the bank separation initiative, and, in particular, on SPP leader Christoph Blocher. In view of those financial gains, Ermotti said, it is understandable why people who want to strengthen the Swiss financial center and its banks, keep pushing bank separation. “It is also fundamentally difficult to carry out a professional discussion on the issue,” he protested….. ” http://larouchepac.com/node/28272 http://www.telegraph.co.uk/news/politics/8875360/Taxman-accused-of-letting-Vodafone-off-8-billion.html
    ( More Evidence of How the British Looted Detroit to Death http://larouchepac.com/node/27516 )
    ( Detroit: Pensions or Derivatives? Glass-Steagall Would Have Made the Choice http://larouchepac.com/node/27528 )

    http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214

    ( UBS, Scared by Glass-Steagall, Announces Fake Pre-Emptive ‘Separation’ http://larouchepac.com/node/28739 )

    4) GLASS-STEAGALL MOTION INTRODUCED IN ITALY’S VENETO REGION
    November 15, 2013 • 5:23PM

    A Lega Nord faction in the Veneto Regional Council introduced a Glass-Steagall Motion on Nov. 14, composed by the text voted by the Lombardy Regional Council and a section dedicated to the regional economy……………The signers include the entire Lega Nord faction plus three councilmen from three other parties.
    The section dedicated to the regional economy says that the Veneto banking system represents 10.7% of the national system, and that 43.8% of it is composed by cooperative banks…………………………………
    Since 2008, “the Veneto economy has been thrown back of seven years”; unemployment has risen to 7.5% and family consumption fell of 2.3%.
    After a description of the historical Glass-Steagall Act and the Italian 1936 Banking Act, the Motion calls on the Italian government to draft a bill for “separating commercial banks and investment banks after the principles and the model of the Glass-Steagall Act,” and promoting banks linked to local communities. It also calls on the European Parliament, the ECB, and the Ecofin of EU finance, economic, and treasury ministers, to review the bail-in mechanism in order to exclude all depositors and corporate accounts, “even those not protected.

    Signed: Caner, Bassi, Cappon, Ciambetti, Conte, Manzato, Finozzi, Lazzarini, Tosato, Toscani, Possamai, Finco, Cenci, Sandri, Valdegamberi, Franchetto, Furlanetto, Corazzari, Stival, Foggiato. ” http://larouchepac.com/node/28888
    ( Glass-Steagall Campaign in Italy http://larouchepac.com/node/28706 )
    ” “The Glass-Steagall Act, was repealed in 1999 by Clinton, whereas in Italy the 1936 Banking Act was superseded by the Single Act of 1993, which opened the doors to ‘universal banking,’ combining traditional activities with financial ones, including speculation.” http://larouchepac.com/node/28732
    THE 1936 BANKING ACT WAS ABOLISHED DURING THE GOVERNMENT OF GIULIANO AMATO.
    giuliano amato IS A PUPPET OF THE BRITISH ROYAL FAMILY.
    ” On being offered fine Italian wines by Giuliano Amato, the former Prime Minister, at a dinner in Rome, he [Prince Philip] is said to have uttered: “Get me a beer. I don’t care what kind it is, just get me a beer!” http://ourlifeinacaravan.blogspot.ru/2012/04/q-is-for-queen.html
    amato WAS ALSO A SENIOR ADVISOR OF DEUTSCHE BANK. https://www.db.com/medien/en/content/press_releases_2010_4871.htm
    FOR COINCIDENCE giuliano amato IS A MASON.
    ” giuliano amato ENJOYS GOOD RELATIONSHIPS AND FRIENDSHIPS IN THE ANGLO-SAXON MASONIC WORLD AND IN CERTAIN SUPRANATIONAL MASONIC ENVIRONMENTS RELATED TO THE FINANCE AND TO THE GERMAN BANKING WORLD”.

    http://www.ilfattoquotidiano.it/2013/02/06/caso-mps-gioele-magaldi-mussari-e-nella-massoneria-da-molto-tempo/491604/

    BUT AS WE HAVE ALREADY NOTICED THE GERMAN BANKING WORLD IS CONTROLLED BY LONDON
    ” Rather P-1, P-2 and Freemason lodges worldwide – which house the real mafia – are chartered by the delicate tea-sipping white glove hands of the Duke of Kent in London – who answers directly to his cousin Queen Elizabeth II, the Bush family relative who presides over the British House of Windsor. ……..
    Dope Inc.: The Book that Drove Kissinger Crazy. The Editors of Executive Intelligence Review. Washington, DC. 1992. p.367. ”

    http://deanhenderson.wordpress.com/2011/11/09/bnl-p-2-the-gnomes-of-zurich/

    napolitano HAS APPOINTED giuliano amato AS JUDGE OF THE ITALIAN CONSTITUTIONAL COURT. https://en.wikipedia.org/wiki/Giuliano_Amato
    napolitano APPOINTED DEUTSCHE BANK AS JUDGE OF THE CONSTITUTIONAL COURT ?
    giorgio napolitano, THE PRESIDENT OF ITALY, IS A MASON AND A PUPPET OF THE ROTHSCHILDS. https://en.wikipedia.org/wiki/Giorgio_Napolitano
    IN THIS LINK http://www.altrestorie.org/print.php?news.1659 THERE IS A LETTER SENT BY napolitano TO GUSTAVO RAFFI, GRAND MASTER OF THE GRAND ORIENTE LODGE, WHERE EXPRESSES HIS APPRECIATION FOR THIS MASONIC LODGE.

    5) NATO THAT IS CONTROLLED BY THE ATLANTIC COUNCIL HAS STRONG RELATIONS WITH THE ROTHSCHILDS.
    ” Bankers love NATO, because NATO loves the bankers. If you want to get an idea just go on the site of the North Atlantic Council, to discover that among the sponsors of the Council are all the major multinational companies, and not just only of the finance. There are even Coca-Cola and Google. The seats of honor are for Deutsche Bank, the usual Goldman Sachs and JP Morgan.”

    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Finformazioneconsapevole.blogspot.com%2F2011%2F10%2Fagli-indignati-non-far-sapere-quanto-la.html

    A) BLOODY BARONS THAT CONTROL THE NATO ARE INSTALLING THE POWERFUL AND DANGEROUS RADAR MUOS IN THE CITY OF NISCEMI (ITALY) WITH THE AID OF THEIR LOCAL MAFIA
    http://www.nomuos.info/en/muos-e-droni-la-sicilia-piattaforma-delle-guerre-del-xxi-secolo/ https://en.wikipedia.org/wiki/Mobile_User_Objective_System
    ” There are only three other ground stations like the Muos in the world, producing very high electromagnetic fields. And they’re all built in some desert areas of Virginia, Hawaii and Australia. In Sicily, for some mysterious reasons, it looked OK to place the Muos five kilometres from the town of Niscemi, in a unique nature reserve and way too close to the civil population. …….with serious risk of causing, in the short and long term, severe degenerative disease in the population, such as cancer and leukemia.” http://www.nowitaly.com/now-italy/15488/muos-an-ecological-bomb-in-the-mediterranean

    B) OBAMA, MERKEL, EUROPEAN UNION AND NATO ARE PUSHING FOR NEW WORLD ORDER.

    http://www.atlanticcouncil.org/blogs/natosource/us-ambassador-to-germany-trans-atlantic-cooperation-is-indispensable

    http://www.germany.info/Vertretung/usa/en/__pr/P__Wash/2013/06/19-TTIP-Berlin.html

    MONSANTO IS PUSHING SECRETELY FOR AN ECONOMIC UNION BETWEEN UNITED STATES AND THE EUROPEAN UNION ( Transatlantic Trade and Investment Partnership TTIP) BUT ALSO FOR Trans-Pacific Partnership (TPP) AND Regional Comprehensive Economic Partnership (RCEP).
    ” Negotiations for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) are grabbing headlines around the world. Meanwhile, Asia’s own mega-regional trade deal — the Regional Comprehensive Economic Partnership (RCEP) — is quietly being negotiated. But it deserves more press: the RCEP could create the world’s largest trading bloc and have significant implications for the world economy. So what would the RCEP cover and who will it benefit? ” http://ronmamita.wordpress.com/2013/05/20/tpp-ttip-and-rcep/
    ” The TPP is a proposed free trade agreement under negotiation by (as of August 2013) Australia, Brunei, Chile, Canada, Japan,[9] Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. ” https://en.wikipedia.org/wiki/Trans-Pacific_Strategic_Economic_Partnership

    http://ronmamita.wordpress.com/2013/11/13/the-tpp-is-by-far-the-largest-and-most-oppressive-economic-treaty-devised-thus-far/

    ” Both the TTP and the TTIP remove control of the participating country’s economy, placing it in the governing international trade body, similar to how the Brussels-based European Union usurped sovereignty of the captive European nations. Both treaties are treated as secret, but it is known that provisions of the governing body will override individual nations’ laws on critical matters such as health care, trade flows, and government run or assisted industries. ” http://larouchepac.com/node/28447

    ” In addition to being a trade deal, the TTIP, places heavy regulations on climate and food industries, proving this agreement has more to it than meets the eye. The language that was written for the TTIP could open doors for companies like Monsanto, allowing them to push their genetically engineered food production overseas as well as in the United States.
    Senator Ron Wyden (D-Ore.) has been a very outspoken critic of the TTIP and the Trans-Pacific Partnership or TPP, had this to say about the Transatlantic deal:
    “US seed companies that for a decade have been struggling to break the deadlock over the authorization for the cultivation of their [GM] seeds now will be presented with the ultimate opportunity to change the entire process to suit their needs.” ” http://21stcenturywire.com/2013/07/09/transatlantic-trade-deal-being-pushed-in-secret-amidst-the-nsa-scandal/ http://www.presseurop.eu/en/content/article/4329021-companies-can-lay-down-law

    MONSANTO AND BLACKWATER ARE LINKED WITH BILL GATES.
    ” Almost simultaneously with the publication of this article in The Nation, the Via Campesina reported the purchase of 500,000 shares of Monsanto, for more than $23 million by the Bill and Melinda Gates Foundation, which with this action completed the outing of the mask of “philanthropy.” ” http://english.pravda.ru/business/companies/14-10-2010/115363-machines_of_war_blackwater_monsanto_billgates-0/
    http://larouchepac.com/node/27742 http://whale.to/a/monsanto_h.html http://whale.to/c/cartels.html
    http://larouchepac.com/node/27469 http://ronmamita.wordpress.com/2013/05/23/companies-that-use-monsanto-products-boycott-all/
    BILL GATES IS LINKED WITH THE BRITISH ROYAL FAMILY AND WITH GOLDMAN SACHS BOTH FRONTS OF THE ROTHSCHILDS.

    http://www.nwrage.org/content/bill-gatess-so-called-philanthropic-foundation-buys-monsanto-and-goldman-sacks-stocks

    ” Gates was made an honorary Knight Commander of the Order of the British Empire (KBE) by Queen Elizabeth II in 2005. ” https://en.wikipedia.org/wiki/Bill_Gates

    http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/

    THESE DANGEROUS ECONOMIC UNIONS ( TTIP TPP RCEP ) HAVE ECONOMIC NATURE BUT, VERY PROBABLY, IN THE FUTURE WILL BECOME ALSO MONETARY UNIONS AND AT THE END WE WILL HAVE A GLOBAL CURRENCY. ALSO THE EUROPEAN UNION STARTED LIKE ECONOMIC UNION BUT THEN BECAME A TOTALITARIAN MONETARY UNION. http://www.singleglobalcurrency.org/documents/ArticleEconomist1988GetReadyforthePhoenix_001.doc

    BUT OBAMA, MERKEL, EU AND NATO ARE LINKED WITH THE BARONS THAT CONTROL GOLDMAN SACHS AND DEUTSCHE BANK AND THUS ARE THESE BARONS THAT PUSH FOR THE NEW WORLD ORDER. http://wikimapia.org/6825620/fr/Chateau-de-Pregny http://www.panoramio.com/photo/77169200 https://en.wikipedia.org/wiki/Waddesdon http://www.waddesdon.org.uk/ http://www.thefullwiki.org/Waddesdon_Manor http://www.thefullwiki.org/Ascott_House http://www.breathingenglishair.blogspot.fr/2012/04/ascott-house-buckinghamshire.html
    “The German government’s policy on debt restructuring for Greece is lifted directly from policy papers prepared by the Deutsche Bank, it has emerged……………
    The revelation that the Finance Ministry in Berlin just takes over the contents of policy papers of Deutsche Bank offers yet more proof that Chancellor Angela Merkel and Wolfgang Schäuble are puppets of the commercial banks.
    Merkel and Deutsche Bank CEO Josef Ackermann attended this year’s Bilderberg conference in Switzerland and would have had ample opportunity to discuss ways and means to expropriate yet more money from the tax payers under one pretext or another. ”
    http://water pressure.wordpress.com/2011/06/17/jane-burgermeister-report-deutsche-bank-writes-german-finance-ministry%e2%80%99s-greek-debt-policy-ard-documentary-reveals/

    6) CORRUPT AND CRIMINAL EUROPEAN UNION HAS PREPARED BIG FUND (EUROPEAN STABILITY MECHANISM) WITH THE MONEY OF THE EUROPEAN CITIZENS TO SAVE SOME BANKRUPT BANKS. http://larouchepac.com/node/23172

    http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan

    ITALY AND THE EUROPEAN UNION ARE WELL CONTROLLED BY GOLDMAN SACHS.

    http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html

    ( FIVE YEARS LATER: RED CROSS, CARITAS WARN OF EUROPE’S DESCENT INTO HELL http://larouchepac.com/node/28529 )
    1) ITALY IS INCREASING ITS DEBT IN ORDER TO POUR, IN SEVERAL INSTALLMENTS, OVER 125 BILLIONS TO THE ESM:
    2) ITALY WILL INCREASE FOR A SECOND TIME ITS DEBT WHEN WILL ASK AS LOAN A PART OF THAT SAME MONEY WITH USURIOUS INTERESTS BY THE ESM IN ORDER TO GIVE THEM TO THE BANKS. http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12431%26mode%3Dthread%26order%3D0%26thold%3D0
    ITALY ARE ABANDONING ITS DISABLED PEOPLE WITHOUT BENEFITS AND WELFARE IN ORDER TO SAVE THE BANKS.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.nuovaresistenza.org%2F2013%2F10%2F26%2Flitalia-abbandona-piu-deboli%2F ( Poverty Has Doubled in Five Years in Italy http://larouchepac.com/node/28725 )

    7) ” VIOLENT REVOLTS IN BRITTANY, A TASTE OF GREECE IN FRANCE
    October 31, 2013 • 10:56AM

    The French region of Brittany, once the model of the post-war industrial reconstruction and modernization policies, has in recent weeks and days entered into profound crisis. Last weekend a demonstration of some 1,000 farmers and entrepreneurs became a violent confrontation with the police. One of the demonstrators lost his hand when a grenade he was launching exploded, another one was gravely wounded. Apparently, what led to a mass revolt in the region is an ecology tax on heavy transporters adopted by Sarkozy, but which the Socialists with their Greenie allies are now imposing throughout France. Brittany is a very extended region with a highly developed and integrated agro-food sector, which would be taxed much more than other regions……….” http://larouchepac.com/node/28726

    ” But behind this ecological tax there is another issue, which has never been submitted to public debate: this is the first time that the collection of the tax is entrusted to private companies. A consortium led by Benetton, Goldman Sachs, Thales and SFR receives 20% of the tax revenues to ensure its collection. Something similar has never seen before!………….
    “The eco-tax is without doubt expensive,” admits Marie-Hélène Des Esgaulx. For a total of 1.2 billion euros collected, approximately EUR 280 million are devoted to the remuneration of the private company that ensures the collection. 23% [1]! It is the most expensive fee ever implemented!……..

    http://translate.google.com/translate?sl=fr&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bastamag.net%2Farticle3465.html

    IN CONCRETE THE BENETTON FAMILY IS A COVER OF THE ROTHSCHILDS.
    ALESSANDRO BENETTON WORKED FOR GOLDMAN SACHS INTERNATIONAL. https://it.wikipedia.org/wiki/Alessandro_Benetton http://larouchepac.com/node/28958

    8) THE ROBBER BARONS AND THEIR ORGY OF PRIVATISATIONS IN ITALY

    enrico letta, THE PRIME MINISTER OF ITALY IS PROCEEDING TO THE SELLING OUT OF ITALY. https://en.wikipedia.org/wiki/Enrico_Letta
    enrico letta IS A PUPPET OF GOLDMAN SACHS BECAUSE HIS UNCLE gianni letta IS “A MEMBER OF THE ADVISORY BOARD OF GOLDMAN SACHS INTERNATIONAL”. https://en.wikipedia.org/wiki/Gianni_Letta
    enrico letta WAS APPOINTED AS PRIME MINISTER BY THE MASON PRESIDENT OF ITALY napolitano.
    letta IS SUPPORTED BY THE “DEMOCRATIC” PARTY. CARDHOLDER No 1 OF THIS PARTY IS THE FINANCER carlo de benedetti ” CURRENTLY ON THE SUPERVISORY BOARD OF THE COMPAGNIE FINANCIERE EDMOND DE ROTHSCHILD BANQUE (PARIS) ” OWNED BY BENJAMIN DE ROTHSCHILD AND ARIANE DE ROTHSCHILD. http://2012.festivaleconomia.eu/en/people/carlo-de-benedetti
    THE DEMOCRATIC PARTY WAS FOUNDED ALSO WITH THE CONTRIBUTION OF TONY BLAIR THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD. http://www.larouchepub.com/eiw/public/2007/2007_20-29/2007_20-29/2007-22/pdf/22-23_722.pdf
    THE ITALIAN PRESS STATES THAT silvio berlusconi WILL NOT SUPPORT ANYMORE THE letta GOVERNMENT. https://en.wikipedia.org/wiki/Silvio_Berlusconi
    berlusconi IS COMPLETELY UNRELIABLE FOR VARIOUS REASONS.
    berlusconi IS ALSO LINKED WITH GOLDMAN SACHS THROUGH THE PERSON OF TONY BLAIR, THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    ” Prime Ministers Blair and Berlusconi today confirmed the ‘excellent relationship’ that exists between the UK and Italy in a summit in London.
    Mr Blair said the talks today were “amicable, productive and constructive”.
    “I really do not think the relationship between Britain and Italy has ever been stronger,” he said at a press conference following the meeting.”

    http://www.declarepeace.org.uk/captain/murder_inc/site/copeland.html

    berlusconi IS ALSO THE HOLDER OF THE CARD No 1816 OF THE MASONIC LODGE P2.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.societacivile.it%2Ffocus%2Farticoli_focus%2Fmassoni%2Fp2.html http://www.societacivile.it/focus/articoli_focus/massoni/p2.html http://larouchepac.com/node/15745
    ( SILVIO [BERLUSCONI] AND GIORGIO [NAPOLITANO], AFFINITY AND “BROTHERHOOD” ? http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.affaritaliani.it%2Fcronache%2Fsilvio-e-giorgio-affinit-e-fratellanza151113.html )

    A) letta IS SELLING THE COMPANIES ENI, STM, ENAV, SACE, FINCANTIERI, CDP RETI, TAG AND GRANDI STAZIONI.

    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.ilpost.it%2F2013%2F11%2F22%2Fprivatizzazioni-governo-letta-eni-cassa-depositi-e-prestiti%2F

    ( United Against the privatizations ! Alongside with the Fincantieri workers! http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.marx21.it%2Fitalia%2Fsindacato-e-lavoro%2F23129-contro-la-privatizzazione-uniti-a-fianco-dei-lavoratori-della-fincantieri.html )

    B) ” In the television performance of PILLAGER [finance minister] Saccomanni, aroused particular wonder the hypothesis to privatize, in addition to ENI, also the RAI……..
    The interesting aspect of the RAI in the eyes of privatisation lobby, concerns something else, precisely its not negligible real estate. The “public” broadcasting entity owns many buildings and land, located in almost every region of Italy. ” https://en.wikipedia.org/wiki/RAI
    RAI OWNS ABOUT 660,000 SQUARE METERS OF REAL ESTATE !!!. http://www.immobili.rai.it/ http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.immobili.rai.it%2F https://en.wikipedia.org/wiki/Fabrizio_Saccomanni
    ” The privatisation of real estate does not give nothing to the State, but It costs, and even very much…..Saccomanni has decided to find the necessary money, almost two billion euro within the next four years, in an institute like the INAIL, the National Institute for Insurance against Accidents at Work. ”
    SACCOMANNI IS PAYNG THE ROBBER BARONS TO STEAL OUR HOME ?
    “In the INAIL there is still a lot to plunder, because is not only a financial safe, but also owns a huge real estate. Although the sales of the past few years, INAIL still owns a real estate rather rich and varied, ranging from historic buildings of architectural and artistic value, until the offices and the apartments. ”

    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.a-realestate.it%2Fnews%2Fspeciali%2F111006_inail.html%3Fpg%3D2

    ( ITALY WILL SELL OFF HISTORIC CASTLES TO RESTORE THE BUDGETARY HOLES http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12458 )
    ” The Wall Street Journal recently reported the renewed interest for U.S. and German multinationals for the Italian real estate; ” http://online.wsj.com/news/articles/SB10001424052702304330904579137381040342114

    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fterracinasocialforum.wordpress.com%2F2013%2F10%2F31%2Fcolto-con-le-mani-nel-sacco-manni%2F

    THESE MULTINATIONALS ARE REALY AMERICAN AND GERMAN ?

    C) REVOLT OF THE TRAM DRIVERS IN GENOA AGAINST THE PRIVATISATION OF THE LOCAL PUBLIC TRANSPORT.

    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DForums%26file%3Dviewtopic%26t%3D65284

    D) THE NEWSPAPER “L’ESPRESSO” RAISES SCANDALS ABOUT THE WATER OF THE CITY OF NAPLES STATING THAT IS POISONED.

    http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12596

    SOMEONE SUSPECTS THAT BEHIND THESE SCANDALS IS HIDDEN THE INTENTION TO PRIVATIZE THE WATER OF THE CITY OF NAPLES.
    THE NEWSPAPER L’ESPRESSO IS CONTROLLED BY CARLO DE BENEDETTI, A MAN OF THE EDMOND DE ROTHSCHILD, AND BY THE FAMILY CARACCIOLO.

    https://en.wikipedia.org/wiki/Gruppo_Editoriale_L%27Espresso

    THE FAMILY CARACCIOLO IS RELATED WITH THE FAMILY AGNELLI AND WITH THE COMPANY FIAT. https://en.wikipedia.org/wiki/Carlo_Caracciolo
    FIAT IS CONNECTED WITH LAZARD.
    ” Lazard’s role in destructuring the U.S. automobile industry is nothing new. The bank has long represented Italy’s Fiat, holding a seat on its board and assisting in its international operations. ”
    “Lazard, through its investments in the business enterprises of the Bush family, has played a key role in inflicting two Bush Presidents upon the world, and it was Rothschild’s George Soros who bailed George W. Bush out of his failed oil venture. ”

    http://www.larouchepub.com/eiw/public/2006/2006_20-29/2006_20-29/2006-26/pdf/14_626_feat.pdf

    THE FAMILY BUSH AND SOROS ARE LINKED WITH CARLYLE/BLACKSTONE FRONT OF THE ROTHSCHILDS.

    http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/

    http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/

    ARE JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD THE TRUE OWNERS OF SOME COMPANIES THAT WANT TO ROB THE WATER OF NAPLES ? http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.ilmanifesto.it%2Fattualita%2Fnotizie%2FmricN%2F10048%2F

    IN CONCRETE BEHIND THESE PRIVATISATIONS ARE HIDDEN MONETARY INTERESTS OF DEUTSCHE BANK.
    There is a document entitled ” Revenue, competition, grouth ” (Potential for privatisation in the euro area ) signed by Dieter Bräuninger, Senior Economist of the department of Deutsche Bank Research.
    ” An important text because it helps to understand better who are the “financial markets”, that every day reject or promote certain policies of individual governments.
    The request that is addressed directly to the so-called Troika, European Commission, ECB and IMF is the massive and deep privatization of the system of social welfare and public services for a worth of hundreds of billions of euros for the following countries: France, Italy, Spain, Greece, Portugal and Ireland………….. ” http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Ffiom-insiel.blogspot.com%2F2012%2F06%2Fla-deutsche-bank-e-il-piano-di.html http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000281545.pdf

    ” Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton’s Council of Economic Advisers, goes public over the World Bank’s, “Four Step Strategy,” which is designed to enslave nations to the bankers. I summarize this below,
    Step One: Privatization.
    This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple. ” http://www.iamthewitness.com/books/Andrew.Carrington.Hitchcock/Synagogue.of.Satan/1998-2002.htm
    letta,saccomanni AND company ARE PREPARING TO TAKE THE HUGE TANGENT OF 10% BY DEUTSCHE BANK ?

    9) THE CRUEL BARONS OF BRITAIN
    GOLDMAN SACHS CONTROLS ALSO BRITAIN BECAUSE THE GOVERNOR OF THE BANK OF ENGLAND IS A MAN OF GOLDMAN SACHS.
    ( Bank of England Head Carney Hangs Out His Shingle: Financial Cancer Welcome Here http://larouchepac.com/node/28692 )
    ( Rebuilding the Brutish Empire Step by Step http://larouchepac.com/node/28709 )
    carney, osborne and cameron WHILE ARE MAKING PLANS FOR THE BANKS, IN THE SAME TIME ARE ABANDONING THE MOST VULNERABLE PEOPLE OF THE SOCIETY IN THE MISERY !!!
    http://www.guardian.co.uk/politics/2012/apr/20/david-cameron-jersey-panama-geneva http://www.dailymail.co.uk/news/article-1080666/Multi-millionaire-Nat-Rothschild-Osbornes-200-000-gift.html

    http://www.independent.co.uk/news/uk/politics/163850bn-official-cost-of-the-bank-bailout-1833830.html

    “UNITED KINGDOM GOVERNMENT DENOUNCED FOR CRIMES AGAINST DISABLED PEOPLE TO INTERNATIONAL CRIMINAL COURT IN THE HAGUE”

    http://www.mssociety.org.uk/forum/everyday-living/united-kingdom-government-denounced-crimes-against-disabled-people-internation

    http://www.theguardian.com/society/2012/sep/12/private-firms-disability-assessment-regime http://socialinvestigations.blogspot.co.uk/2013/08/charity-sector-lobbied-jeremy-hunt-to.html
    http://socialinvestigations.blogspot.co.uk/2012/07/over-60-mps-connected-to-companies.html http://socialinvestigations.blogspot.co.uk/2012/02/nhs-privatisation-compilation-of.html
    “EXCLUSIVE: RED CROSS LAUNCHES EMERGENCY FOOD AID PLAN FOR UK’S HUNGRY”

    http://www.independent.co.uk/news/uk/home-news/exclusive-red-cross-launches-emergency-food-aid-plan-for-uks-hungry-8872496.html

    “10,600 SICK & DISABLED PEOPLE DIED LAST YEAR WITHIN SIX WEEKS OF THEIR CLAIM ENDING ”

    http://blacktrianglecampaign.org/2012/10/04/10600-sick-disabled-people-died-last-year-within-six-weeks-of-their-claim-ending/

    ” BEDROOM TAX BLAMED FOR GRAN’S DEATH ” http://www.standard.co.uk/panewsfeeds/bedroom-tax-blamed-for-grans-death-8612630.html
    ” BRITISH CHILDREN ILL-TREATED IN PRIVATE JAILS

    http://dearkitty1.wordpress.com/2013/08/23/british-children-ill-treated-in-private-jails/

    THE BIGGEST SHAREHOLDER OF G4S, THAT MANAGES DETENTION CENTRES IN BRITAIN, IS TWEEDY, BROWNE. http://investors.morningstar.com/ownership/shareholders-major.html?t=GFSZF
    ” In 1997 Tweedy, Browne was purchased by the holding company Affiliated Managers Group for $300 million. ” https://en.wikipedia.org/wiki/Tweedy,_Browne
    ” Sean M. Healey was appointed chairman [of Affiliated Managers Group] in October 2010, served as president and CEO since May 2001 and in other senior management positions since 1995………..
    Prior to joining AMG Healey was a vice president in the Mergers and Acquisitions Department at Goldman, Sachs & Co. ” https://en.wikipedia.org/wiki/Affiliated_Managers_Group
    THEREFORE THE ATROCITIES OF G4S ARE LINKED WITH GOLDMAN SACHS AND WITH THE PERSONS OF JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD.

    10) THE GREEK POLICY IS COMPLETELY CONTROLLED BY DEUTSCHE BANK THROUGH ITS CORRUPT PUPPETS samaras, venizelos AND THE mitsotakis family
    https://en.wikipedia.org/wiki/Antonis_Samaras https://en.wikipedia.org/wiki/Evangelos_Venizelos https://en.wikipedia.org/wiki/Kyriakos_Mitsotakis https://en.wikipedia.org/wiki/Dora_Bakoyannis https://en.wikipedia.org/wiki/Constantine_Mitsotakis
    http://www.corpwatch.org/article.php?id=15740 http://giorgos-vamvakousis.blogspot.ch/2010/03/redaktion-f-ocus-magazine-steinhauser.html
    ” One former Pasok official, Theodoros Tsoukatos, has admitted that he accepted €400,000 from the local Siemens boss as an election contribution in 1999, when he was a prime ministerial aide responsible for collecting political donations. Amid the furore, Kyriakos Mitsotakis, a New Democracy deputy who is the son of a former prime minister, recently paid an overlooked bill for a switchboard that was supplied to his private office by Siemens, after a copy of the invoice was printed in a Greek newspaper.” http://teacherdudebbq.blogspot.com/2009_05_31_archive.html

    http://www.keeptalkinggreece.com/2013/11/14/athens-fired-school-guard-attacks-minister/

    The “Proposal for Greek liability management exercise – burden sharing without haircuts” with voluntary participation of banks in the rescue, presented by Germany earlier this month and that is now at the center of heated debate across Europe on the euro crisis, were the work of Deutsche Bank. The outline of the letter sent on June 6 at the European Central Bank and the Ecofin by German finance minister, Wolfgang Schäuble, were made by the leading German bank, under the leadership of its chief, Josef Ackermann.” http://lacomunidad.elpais.com/la-abadia-de-theleme/2011/6/19/grecia-es-del-deutsche-bank

    A) DEUTSCHE BANK DEPRIVES THE GREEK PEOPLE OF THE MEDICAL INSURANCE
    ” Recently Greece took the «honor» of first place in Europe for reducing budget expenditures on health services. In particular, expenditures on medications were reduced from 5.6 billion euros (2010) to 3.8 billion euros in 2011 and to 2.88 billion euros in 2012. As a direct result of this, over 50 world pharmaceutical companies have discontinued shipments of medications to Greece. It has become common for relatives of hospital patients to have to run exhausting marathons from pharmacy to pharmacy in search of needed medications. There is an acute shortage of medical equipment. State hospitals are short around 6,500 doctors and 20,000 nurses and orderlies; massive numbers of medical professionals are leaving the country.
    Even those who are employed have difficulty paying for medical services, whose prices have abruptly shot up. More and more often people don’t have the money to obtain quality medical assistance, especially in rural regions and on the islands. In a UN expert report published in May 2013, it was noted that over 10% of the total population of the country live in conditions of extreme poverty. Greece remains the only country in the Eurozone with no complex social assistance scheme, healthcare services are almost inaccessible to poor and low-income citizens, and almost a third of the population does not have state medical insurance. ”

    http://theglobalrealm.com/2013/08/30/greece-a-social-explosion-is-inevitable/

    http://www.keeptalkinggreece.com/2013/07/30/athens-sos-urgent-appeal-for-cancer-patient-without-insurance

    http://www.keeptalkinggreece.com/2013/07/31/austrian-ngo-supplies-greek-hospital-with-drugs-paramedic-material-for-uninsured-patients/ http://larouchepac.com/node/28429

    http://www.keeptalkinggreece.com/2013/10/24/greek-police-raids-volunteers-health-clinic-providing-uninsured-citizens-with-medical-assistance/

    B) GREECE IS ONE OF THE FEW STATES OF THE WORLD THAT KEEPS THE PRISON FOR STATE DEBTORS AND THE UNIQUE IN EUROPE.
    ” Debts and Prison Penalties

    A debtor owing
    5,000 euro may go to prison to 12 months
    10,000+ euro – at least 6 months
    50,000+ euro – at least one year
    150,000+ euro – at least three years ”
    ( Greece: LAGER as prison for state debtors )

    http://leconomistamascherato.blogspot.com/2013/04/greece-lager-as-prison-for-state-debtors.html

    C) DEUTSCHE BANK BLACKMAILS AND CUTS THE ELECTRICITY IF GREEKS DO NOT PAY EXORBITANT TAXES ON THE PROPERTY.
    http://www.guardian.co.uk/business/2011/sep/27/greece-property-tax-vote-venizelos http://www.keeptalkinggreece.com/2012/11/15/every-months-greek-ppc-cuts-electricity-to-30000-customers/

    http://www.keeptalkinggreece.com/2012/11/28/greek-christmas-five-extra-taxes-to-be-paid-in-december/

    http://histologion.blogspot.gr/2013/02/the-greek-debacle-2013-of-paupers-and.html

    http://www.keeptalkinggreece.com/2013/10/04/how-the-greek-tax-office-will-seize-your-home-if-you-have-debts/

    http://www.keeptalkinggreece.com/2013/10/17/the-long-arm-of-greek-tax-office-confiscates-unemployment-allowance-as-well/

    ACCORDING TO THE ARTICLE 46, SUBPARAGRAPH B OF THE LAW 4172 OF 2013, THE ROTHSCHILD BANK OF GREECE IS EXEMPTED FROM THE PAYMENT OF ANY FEE.

    D) GREECE IN CRISIS-DRAMATIC INCREASE OF SUICIDES: 3,124 PEOPLE IN 2009-2012

    http://www.keeptalkinggreece.com/2012/11/22/greece-in-crisis-dramatic-increase-of-suicides-3124-people-in-2009-2012/

    http://www.keeptalkinggreece.com/2013/04/15/athens-a-jobless-an-unpaid-worker-two-men-commit-suicide-on-a-single-day/

    E) ATHENS: DEAF-MUTE WOMAN THREATENING TO COMMIT SUICIDE RESCUED
    ” The president of Deaf Federation told reporters that the woman is not the only one in desperate situation because her social welfare allowances have been cut.
    “All deaf people in this country are in the same situation because they have not received their welfare allowances for the last 6-8 months.”
    Greece saw a sharp increase of suicides due to economic problems after the country sought the aid of the International Monetary Fund.
    According to Greek Police from May 2010 until now, 837 suicides have taken place….. ”

    http://www.keeptalkinggreece.com/2012/12/18/athens-deaf-mute-woman-threatening-to-commit-suicide-rescued/

    F) VILE AND FASCIST barons, HIDDEN IN THE DARKNESS, GAVE THE ORDER TO THE GREEK GOVERNMENT TO CLOSE THE HELLENIC BROADCASTING CORPORATION.
    ” Development Minister: We shutdown ERT to please the Troika ” http://beforeitsnews.com/international/2013/07/greek-development-minister-we-shutdown-ert-to-please-the-troika-2461794.html

    https://en.wikipedia.org/wiki/Hellenic_Broadcasting_Corporation

    ” The term troika has been widely used in Greece (Greek: τρόικα),[1] Ireland,[2] Portugal [3] and Spain [4] to refer to the presence of the European Union, European Central Bank, and International Monetary Fund in these countries since 2010 and the financial measures that these governments have taken. ” https://en.wikipedia.org/wiki/Troika_%28triumvirate%29
    ” Greek police arrests personnel of shutdown ERT ” http://www.keeptalkinggreece.com/2013/07/30/26652/

    http://www.truth-out.org/news/item/18335-the-shutdown-of-ert-and-greeces-media-landscape-a-modern-day-wild-wild-west

    “UPDATES Athens: riot police raid ERT broadcaster at 4 am
    More than 15 riot police squads raided the building of former public broadcaster ERT at 4 a.m. Thursday morning. The raid took place five months after the overnight shut down of ERT on June 11th 2013. ERT personnel was sacked. Journalists and technicians had been occupying ERT since then and broadcasting live program on 24/7 basis.Riot police squads enter the building form a side entrance and fired tear gas in the yard to disperse a crowd of occupiers’ supporters. ” http://www.keeptalkinggreece.com/2013/11/07/athens-riot-police-raid-ert-broadaster-at-4-am-journos-detained/

    THE “GREEK” MINISTER OF THE PUBLIC ORDER nikos dendias, THAT GAVE THE ORDER TO THE POLICE FOR THE RAID TO THE ERT, IS A MAN OF THE ISLAND OF CORFU WHERE JACOB ROTHSCHILD HAS A VILLA . HE IS A FRIEND OF JACOB ROTHSCHILD AS YOU CAN SEE IN THESE PHOTOS. http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=el&tl=en&u=http://ksipnistere.blogspot.com/2013/09/blog-post_171.html&usg=ALkJrhiJYL7K67HAc_I6XdQVtt1F-1TtDA
    http://www.dendias-lawfirm.com/site/Partners/nikos-dendias.html http://www.bcarquitectos.com/imagtra/pdf/greek_1995.pdf

    G) COALITION OF LUCIFERIAN BARONS THROUGH THEIR LONG ARM “TROIKA DEMANDS THE SUDDEN DEATH OF GREECE’S DEFENSE INDUSTRIES
    No, no, no. The Troika is a tough negotiator. The representatives of Greece’s lenders rejected the government proposal about the three defense industries LARKO, EAS and ELVO. IMF’s Thomsen and the other kids demanded that the three industries close immediately without compensation for the fired personnel and to be thoroughly restructured on a total new basis.Greek government had proposed a reconstruction model similar to “public broadcaster ERT” that was shut down overnight, the personnel received compensation and part of this personnel was/is hired again at the new broadcaster…………………
    The Troikans’ point of view about the present and the future of the country’s defense industries was clear and brief: it was submitted to the Greek Finance Ministry via an e-mail! ”
    http://www.keeptalkinggreece.com/2013/09/03/troika-demands-the-sudden-death-of-greeces-defense-industries/ http://www.enetenglish.gr/?i=news.en.economy&id=1448

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