The Watchdog

Keeping citizens in the loop

JANE BURGERMEISTER REPORT:’WILL AN AUSTRIAN BANK TRY TO BRING DOWN THE SYSTEM AS HAPPENED IN 1931?’

WILL AN AUSTRIAN BANK TRY TO BRING DOWN THE SYSTEM AS HAPPENED IN 1931?

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There are signs that an Austrian bank will take advantage of any default by Greece to shut up shop, cause panic and collapse the European banking system in a repeat of the crash in 1931 of Austria’s Credit Anstalt bank.

In May 2010, it was reported that a secret plan exists in the Interior Ministry — run by now Finance Minister Maria Fekter — for banks in Austria to close at short notice in the event of a default by Greece.

An Austrian bank could, therefore, be the institution that could collapse and send shockwaves across the system just as in 1931, as Alex Brummer in the Daily Mail fears.

“The pressures on the banking system have been anticipated but the great fear is that, as was the case during the Lehman disaster, there is some institution out there, which no one has thought about, which is heavily exposed and could fail, sending shock waves across the system,” he writes.

Read more: http://www.dailymail.co.uk/money/article-1386437/ALEX-BRUMMER-ALEX-BRUMMER-Greece-looks-escape-hatch-euro-crisis-deepens.html#ixzz1ME3IGG9G

When the Rothshield-linked Credit-Anstalt shut up shop at short notice in 1931, it triggered financial chaos in Europe and the world.

Austrian banks were the main beneficiaries of a secret funding programme run by the US Federal Reserve at US tax payer’s expense during the financial crisis, underlining the strong links between the privately-owned Federal Reserve and an engine in this current financial meltdown and Austria.

Even banks with a major exposure to Greek debt — and in Austria it is only a 3 billion euros — can be put into a managed insolvency to avoid causing havoc.

Also, banks like Die Erste can simply ask the Fed to borrow money under the discount window programme as they did before if they are short. There is, therefore, absolute no reason for any Austrian bank to shut up shop if Greece declares a default.

However, robbing customers under the cover is just what the Globalists wish for.

Austria is  a “corruption paradise”, embroiled in financial scandals and with an ineffective and corrupt  justice system – and so the ideal spot for a 1931-style theatrical bank crash to rob customers.

The current Finance Minister Maria Fekter is a consummate political insider who was Interior Minister when the secret plans to shut banks were drawn up.

http://info.kopp-verlag.de/hintergruende/wirtschaft-und-finanzen/udo-ulfkotte/wird-es-jetzt-ernst-plaene-zur-moeglichen-schliessung-der-bankschalter-in-oesterreich-bestaetigt.html;jsessionid=69905A60894F78020A295D0BA59DDE7A

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May 13, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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