Thursday, April 14, 2016
Why Did Obama, Biden and Yellen Meet?
A bank failure (bail-in) just occurred in Austria, the Hypo Alpe Adria - the Heta Asset Resolution AG (bank) went from good to bad, with its creditors forced into an involuntary "bail-in" following the discovery of a 8.5 billion capital hole.
That may be why Obama, Biden and Yellen met quietly the other day. The Austrian bank in question claimed they discovered a 8.5 "hole" in their capital account. Yeah, and I discovered America!
It was an Rothschild bank collapse in Austria that caused the "Great Depression" to spread across Europe. The bank failed on Sunday.
Do you realize that the banking system likely holds less than half a cent for each dollar they have? We live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it.
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Below is Tyler Durden's article.