Biker Rescues a Jack Russell Pup On His Travels

June 29th, 2016

We love it when we find videos of bikers with big hearts! While riding around enjoying the beautiful roads of Scotland, a biker spots a lost Jack Russell Terrier dog on the side of the road. This adorable doggie doesn’t waste any time warming up to the rider and his motorcycle. It’s so sweet when the rider starts to ride away and she starts to follow him, almost like she’s saying “I wanna ride!”. How could you leave anything so sweet behind?

After checking her collar, he found out her name was “Bella” and was able to contact the number on her rightful owners. Thank goodness her owners were responsible enough to keep her collar updated with correct contact information, otherwise, this little doggie may not have found it’s way home after her big adventure.

Check out the heartwarming video of Bella and the biker below. (Be sure to turn up the volume, it’s sweet, you can hear him talking to the pup)

Kindhearted Bikers Help Save Baby Moose

June 29th, 2016

A kindhearted motorcycle group pulls off to save baby moose.

While riding a few bikers came across a lost baby moose, which appeared to be in bad health. The mother of the moose was nowhere in sight, so the riders pulled off to help hydrate the moose and get him out of harm’s way.

At first, the baby moose wouldn’t take to the Gatorade bottle, but then once he gets comfortable with the guys, he goes nuts! We’re not sure exactly what happened to this little guy, but we hope they ended up calling the local wildlife center to make sure he was in good hands.

Just spoke in the European Parliament, they were pleased to see me as you can tell.

June 28th, 2016

https://www.facebook.com/nigelfarageofficial/videos/1056952377685698/

I told them that the EU referendum result was about ordinary, decent British people saying we want our country back!

Nigel Farage FROZEN out of Brexit negotiations in plot described as ‘lunacy’

June 28th, 2016

A FURIOUS Nigel Farage has been frozen out of cross-party talks which will negotiate Britain leaving the European Union.

Nigel Farage has been frozen out of cross-party Brexit talks

The Ukip leader was expected to be central to negotiations in both his role as an MEP and as a prominent Brexit campaigner.

But the official Vote Leave campaign headed by Boris Johnson and Michael Gove was quick to distance itself from Mr Farage.

A senior Vote Leave source said: “Nigel Farage’s involvement has come to an end.”

 

representatives in Brussels, including leader Nigel Farage, should be central to the negotiations.

He said: “It would be lunacy for Nigel Farage not to be involved in our renegotiation.

Ukip leader Nigel Farage was expected to be central to negotiationsGETTY

Ukip leader Nigel Farage was expected to be central to negotiations

Nigel Farage hit back saying he had tried to work with the campaign for a yearPA

Nigel Farage hit back saying he had tried to work with the campaign for a year

“Throughout this campaign, despite vicious attacks from all sides including some stupid ‘blue-on-blue’ attacks from Vote Leave administrators, he showed that he was the man in touch with the majority of voters.

“And he is the elected politician with the most experience and knowledge of Brussels and of the Brussels process, having sat on the European Parliament’s Conference of Presidents since 2004.”

He added: “Yes we have achieved our Brexit aims of an independent United Kingdom, but the mandate we were given as MEPs by the voters is to stay there until the day we leave to ensure the best interests of the country.

“That means staying on committees to vote on legislation that will affect the UK whilst we are still members and most importantly, taking a significant role in the renegotiation process which would not be taking place if it wasn’t for Ukip and Nigel Farage.”

It’s unclear when Article 50 of the Lisbon Treaty- the two-year formal process by which the UK will leave the EU- will be triggered.

But a cross-party committee is to be created to lead the negotiations as the Prime Minister faces pressure to speed up the divorce talks.

MEP Jane Collins said Ukip will get the best deal for BritainGETTY

MEP Jane Collins said Ukip will get the best deal for Britain

Vote Leave campaigner Boris Johnson leaves his Oxfordshire home this morning

Jane Collins MEP, who has been campaigning for Brexit for 18 years, said she and Mr Hookem “will be breathing down the necks of the people negotiating to make sure they get the best deal for Britain and for our constituents in Yorkshire and North Lincolnshire”.

Mr Cameron, who announced his resignation on Friday, said he hopes a new leader will take over in October to deal with negotiations.

The Prime Minister said: “I will do everything I can as Prime Minister to steady the ship over the coming weeks and months but I do not think it would be right for me to try to be the captain that steers our country to its next destination.”

But European Commission president Jean-Claude Juncker said the proposed delay “doesn’t make sense”, and he was backed by foreign ministers of the EU’s six founding members, meeting in Berlin for emergency talks on Britain’s seismic vote.

Backing free movement of labour would be a betrayal of the Brexit vote

June 28th, 2016
People have had enough of struggling to get their kids into the local school or of feeling the pressures of uncontrolled migration at their local GP surgery. They want a Britain where their kids are able to get on the housing ladder in their lifetime. It would be nothing short of a betrayal if the result of Brexit was anything other than a border policy that brought down migration numbers significantly to alleviate these pressures on our infrastructure.

In my view a net migration range of 30,000 – 50,000 net per year would be an ambitious and sensible level to aim for. It would mean that companies in this country would need to invest more in training British youngsters rather than relying on cheap foreign labour. Yes, in some cases, this means paying British workers higher wages. It would also mean that where there are genuine skills shortages we would retain the ability to plug those gaps effectively.

10 Myths about leaving the EU

June 22nd, 2016

FIRST MYTH: BRITAIN WOULD LOSE THREE MILLION JOBS IF WE LEFT THE EU

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If Britain withdrew from the EU it would preserve the benefits of trade with the EU by imposing a UK/EU Free Trade Agreement.

The EU sells a lot more to us than we sell to them. In 2014 there was a trade deficit of over £50bn, with a current account deficit of nearly £100 billion. It seems unlikely that the EU would seek to disrupt a trade which is so beneficial to itself.

– Moreover, the Lisbon Treaty stipulates that the EU must make a trade agreement with a country which leaves the EU.

– World Trade Organization (WTO) rules lay down basic rules for international trade by which both the EU and UK are obliged to abide. These alone would guarantee the trade upon which most of those 3 million jobs rely.
SECond myth: BRITAIN WILL BE EXCLUDED FROM TRADE WITH THE EU BY TARIFF BARRIERS

-The EU has free trade agreements with over 50 countries to overcome such tariffs, and is currently negotiating a number of other agreements.

-EU now exempts services and many goods from duties anyway. In 2009 UK charged customs duty of just 1.76% on non-EU imports. This is so low that the EU Common Market is basically redundant as a customs union with tariff walls.

Third MYTH: BRITAIN CANNOT SURVIVE ECONOMICALLY OUTSIDE THE EU IN A WORLD OF TRADING BLOCS

-The EU is not the place where most economic growth is occurring. The EU’s share of world GDP is forecast to decline to 22% in 2025, down from 37% in 1973.

-Norway and Switzerland are not in the EU, yet they export far more per capita to the EU than the UK does; this suggests that EU membership is not a prerequisite for a healthy trading relationship.

-Furthermore, Britain’s best trading relationships are generally not within the EU, but outside, i.e. with countries such as the USA and Switzerland.

-The largest investor in the UK is not even an EU country, but the US.

fourth myth: THE EU IS MOVING TOWARDS THE UK’S POSITION ON CUTTING REGULATION AND BUREAUCRACY

-EU directives are subject to a ‘rachet’ effect – i.e. once in place they are highly unlikely to be reformed or repealed.

-Less than 15% of Britain’s GDP represents trade with the EU yet Brussels regulations afflict 100% of our economy (the 5th largest in the world)

-Over 70% of the UK’s GDP is generated within the UK, but still subject to EU law.

-In 2006 it was estimated that EU over-regulation costs 600bn Euros across the EU each year.

-In 2010, Open Europe estimated EU regulation had cost Britain £124 billion since 1998.

-Whilst red tape savings are not direct cash savings, deregulation would result in a true ‘bonfire of regulations’ that could fund either sizeable tax cuts or additional public spending.

fifth myth: IF WE LEAVE, BRITAIN WILL HAVE TO PAY BILLIONS TO THE EU AND IMPLEMENT ALL ITS REGULATIONS WITHOUT HAVING A SAY

-We have very little say within the EU, and would have far more leverage outside EU as an independent sovereign nation and the world’s 5th largest economy.

-The UK currently has only 8.4% of voting power ‘say’ in the EU, and the Lisbon Treaty ensured the loss of Britain’s veto in many more policy areas.

-Britain’s 73 MEPs are a minority within the 751 in the European Parliament.

-With further enlargement (Croatia, Turkey’s 79 million citizens), British influence would be further watered down.

-As for continuing contributions by an independent Britain, Swiss and Norwegian examples show that the UK would achieve substantial net savings.

swiss-flag-300x201

SWISS CASE STUDY:

Official Swiss government figures conclude that through their trade agreements with the EU, the Swiss pay the EU under 600 million Swiss Francs a year, but enjoy virtually free access to the EU market. The Swiss have estimated that full EU membership would cost Switzerland net payments of 3.4 billion Swiss francs a year.

norway-flag-300x218

NORWAY CASE STUDY:

Norway only had to make relatively few changes to its laws to make its products eligible for the EU marketplace. In 2009, the Norwegian Mission to the EU estimated that Norway’s total financial contribution linked to their EEA (European Economic Area) agreement is some 340 mn Euros a years, of which some 110mn Euros are contributions related to the participation in various EU programmes. However, this is a fraction of the gross annual cost that Britain must pay for EU membership which is now £18.4bn, or £51mn a day.

sixth myth: THE EU HAVE BROUGHT PEACE TO THE EUROPEAN CONTINENT

The Reality:

-Even now, the EU is only 28 nations of the 47 European nations listed as national members of the Council of Europe.

-The forerunner to the EU, the Common Market, didn’t come into existence until 1958, and then only with 6 nations, and yet there was no war between European countries from 1945 to 1956 (except the Hungarian revolution). Whilst peaceful international cooperation is welcomed at all levels, to say the EU is the sole guarantor of peace is an extreme exaggeration that is dishonest in its application.

-It is NATO, founded in 1949 and dominated by the USA, and not the EU, that has actually kept the peace in Europe, together with parliamentary democracy. Both of which are being undermined by the EU.

-The former German President Herzog wrote a few years ago that ‘the question has to be raised of whether Germany can still unreservedly be called a parliamentary democracy’. This was owing to the number of German laws emanating from the EU- which he assessed at some 84%.

-The break up of Yugoslavia was a major test of the EU’s ability to keep the peace. It was EU interference that helped trigger a major civil war and its dithering contributed to deaths of some 100,000 people. It was only decisive action by the US/NATO forces that stopped the violence. Peace was established by the US-brokered Dayton Agreement.

seventh myth: THE EU HAS A POSITIVE IMPACT ON THE BRITISH ECONOMY

-British industries such as fishing, farming, postal services and manufacturing have already been devastated by Britain’s membership of the EU.

-EU membership costs UK billions of pounds and large numbers of lost jobs thanks to unnecessary and excessive red tape, substantial membership and aid contributions, inflated consumer prices and other associated costs.

– The Common Fisheries Policy has cost British coastal communities 115,000 jobs (Lee Rotherham, 10 years on)

eighth myth: BRITAIN WILL LOSE VITAL FOREIGN INVESTMENT AS A CONSEQUENCE OF LEAVING THE EU

-In a 2010 survey on UK’s attractiveness to foreign investors, Ernst and Young found Britain remained the number one Foreign Direct Investment (FDI) destination in Europe owing largely to the City of London and the UK’s close corporate relationship with the US. EU membership was not mentioned at all in their table of key investment factors, which were (in order of importance): UK culture and values and the English language; telecommunications infrastructure; quality of life; stable social environment, and transport and logistics infrastructure.

-In any case, open access to the EU market would continue through a Free Trade Agreement in the manner of Switzerland and Norway whilst the UK would gain from higher growth, less regulation, more public spending and/or lower taxes and more suitable trade deals.

ninth myth: BRITAIN WILL LOSE ALL INFLUENCE IN THE WORLD BY BEING OUTSIDE THE EU

-Britain has a substantial ‘portfolio of power’ in its own right, which includes membership of the G20 and G8 Nations, a permanent seat on the UN Security Council (one of only 5 members) and seats on the International Monetary Fund Board of Governors and World Trade Organisation.

-The UK also lies at heart of the Commonwealth of 53 nations. Moreover, London is the financial capital of the world and Britain has the sixth largest economy. The UK is also in the top ten manufacturing nations in the world.

-Far from increasing British influence in the world, the EU is undermining UK influence. The EU is demanding there is a single voice for the EU in the UN and in the IMF. The EU has also made the British economy and City of London less competitive through overregulation, and negotiates more protectionist and less effective trade deals on behalf of the UK.

-The European External Action Service (EEAS) and its EU ‘Foreign Minister’ Federica Mogherini are undermining national diplomatic representation and the furtherance of British political and commercial interests through British embassies, which are being closed or downsized around the world.

-The Commonwealth is increasingly discriminated against by the EU policy on visas, so that non-EU Commonwealth citizens face having to obtain visas whilst citizens of even new EU entrants have automatic entry. Historic Commonwealth bonds with Britain are being lost.

tenth myth: LEGALLY, BRITAIN CANNOT LEAVE THE EU

-Technically, Britain could leave the EU in a single day. Legislatively, this would be achieved simply by repealing the European Communities Act 1972 and its attendant Amendment Acts through a single clause Bill passing through Westminster.

-If the British people voted to leave in an In/Out referendum or by voting in a party with EU withdrawal on its manifesto, Parliament would have to respect the will of the British people and there would be no justification for delay or obstruction in either House.

-However, the process of setting up a replacement UK/EU Free Trade Agreement will take longer, though there would be no need for time-consuming negotiation of tariff reductions if the UK/EU Free Trade Agreement merely replicated existing EU trade arrangements.

-In addition, even the Lisbon Treaty’s Article 50 enshrines the right of member states to leave the Union, albeit in an unattractive manner. The same article requires the EU to seek a free trade deal with a member which leaves. Greenland established a precedent for a sovereign nation by leaving the EEC in 1985, and is prospering well outside of it. With Westminster still sovereign (for the moment), it is the British Parliament who will decide how and when Britain leaves the EU.

 

 

 

 

Vote Leave

June 22nd, 2016

A sense of denial permeates the corridors of power in Brussels as the June 23 referendum on British membership of the European Union (EU) nears. Communications staff are rumored to have been banned from using the word “Brexit” – the common neologism for a ‘leave’ vote. Ask any official about contingency plans for such an outcome, and the answer is unequivocal: there is no Plan B.

While it is understandable that officials in the E.U’s de-facto capital do not want to consider the political and economic ramifications of a difficult divorce, the reality is that Brexit would at the very least open up a long and difficult negotiating period and years of uncertainty.

Here is what we do know: in the event of a ‘leave’ vote, Britain must promptly notify the E.U. Article 50 of the Lisbon Treaty – the equivalent of the E.U’s constitution – allows for a two-year period in which the terms of the leaver’s exit are negotiated. During this time Britain would no longer be able to take part in any E.U. decision-making, and any exit agreements must be approved by all 27 remaining E.U. nations and the European Parliament. Then after Britain’s formal exit, fresh negotiations could begin on any new trade deals.

And here is what we don’t know: how any of this will actually work in practice.

“It has never happened before so nobody would be able to rely on any precedent,” says Chris Bickerton, a lecturer at Britain’s Cambridge University and author of The European Union: A Citizen’s Guide. “The Treaty of Lisbon was drafted with the idea that [Article 50] would not be used, and to make it pretty hard to exit in a smooth way… it simply has not been done before so things will be made up as they go along.”

In the days after a ‘leave’ vote, the European Parliament and ministers from other major E.U. powers would probably meet to formulate their response to the biggest blow yet to the union. A summit of E.U. leaders is already scheduled for June 28/29, five days after the vote, and they would be looking to minimize the impact on financial markets and the risk of contagion to other Euroskeptic countries.

A divided British government meanwhile would need to somehow unite on a negotiating position, and decide what sort of relationship they wanted with the E.U. in the future. Would they still want access to the single market? What status would they want for the two million E.U. citizens currently employed in Britain, and the equivalent number of Britons working elsewhere in Europe? What sort of trade deals would they wish to pursue? These proposals would then be put to the other 27 E.U. members — who may not be inclined to play ball.

“I don’t think they will be disposed to go out of their way to do Britain any favors,” says Richard Corbett, a Member of the European Parliament for the British Labour Party and a ‘Remain’ campaigner. “Why would you go out of your way to help a member who has just walked out slamming the door?”

Donald Tusk, President of the European Council and one of the most senior E.U. officials, warned this week that after a Brexit it would take at least seven years to try and forge a new relationship between Britain and the E.U. “without any guarantee of success.”

Beyond the practicalities, European leaders are terrified that a ‘leave’ vote will embolden Euroskeptics and prompt similar moves elsewhere within the bloc. Increasingly popular Euroskeptic parties in The Netherlands, Sweden, Denmark and France have called for either a referendum on leaving the E.U. or a renegotiation of their relationship.

“If the U.K. leaves everyone will be asking who is next,” says Bickerton. “This referendum is not some uniquely and quixotic British affair – it is the tip of an iceberg and the iceberg is growing sentiment that the E.U. is not doing its job and people are unhappy with it.”

This is where some countries are formulating their Plan B. European diplomats have ruled out a last-minute deal to keep Britain inside the E.U. if its citizens vote to leave. But France and Germany– who along with Britain are considered key powers in the union – are in talks to try and come up with a unified response to stop the bloc disintegrating.

The problem is they themselves are not unified. France traditionally favors greater integration among the E.U. nations, and especially the 19 members of the euro single currency, and bristles against the austerity regime pushed by Germany.

Germany, however, would not be eager to bring its neighbors closer together in the aftermath of a departure. Finance Minister Wolfgang Schäuble made clear in an interview with Der Spiegel magazine that a push for further integration would run counter to the message sent by any vote. “This would be crude,” he said. “Many would be right in asking whether we politicians have still not understood.”

So the resulting Franco-German plan is likely to be a watered-down pledge on greater cooperation on security and defense which will be unlikely to please the more ardent Euroskeptics, Bickerton says.

And while a ‘leave’ vote would be a disaster for the EU, a ‘remain’ vote would not be painless. The British Prime Minister David Cameron in February agreed with E.U. leaders on a package of reform, but that still needs to be approved by the European Parliament.

And the debate about the future of the E.U. and dwindling public trust will not simply disappear, no matter what the stubborn eurocrats in Brussels want to believe. Whatever the result on June 23, sticking with Plan A may no longer be an option.

Is this the most extreme window display ever?

December 22nd, 2013

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A young woman was restrained, force-fed and injected with cosmetics in a high street shop window as part of a hard-hitting protest against animal testing.

Jacqueline Traide was tortured in front of hundreds of horrified shoppers in a bid to raise awareness and end the practise.

The 24-year-old endured 10 hours of experiments, which included having her hair shaved and irritants squirted in her eyes, as part of a worldwide campaign by Lush Cosmetics and The Humane Society.

The disturbing stunt took place in Lush’s Regent Street store, one of the UK’s busiest shopping streets.

Jacqueline appeared genuinely terrified as she was pinned down on a bench and had her mouth stretched open with two metal hooks while a man in a white coat force-fed her until she choked and gagged.

The artist was also injected with numerous needles, had her skin braised and lotions and creams smeared across her face.

Passers-by were gobsmacked to see Jacqueline, a social sculpture student at Oxford Brookes University, forced to have a section of her head shaved.

The gruesome spectacle aimed to highlight the cruelty inflicted on animals during cosmetic laboratory tests and raise awareness that animal testing is still a common practise.

The Humane Society International and Lush Cosmetics have joined forces to launch the largest-ever global campaign to end animal testing for cosmetics.

The campaign, launched to coincide with World Week for Animals in Laboratories, is being rolled out simultaneously in over 700 Lush Ltd shops across forty-seven countries including the United States, Canada, India, Australia, New Zealand, South Korea and Russia.

Lush campaign manager Tamsin Omond said: “The ironic thing is that if it was a beagle in the window and we were doing all these things to it, we’d have the police and RSPCA here in minutes.

“But somewhere in the world, this kind of thing is happening to an animal every few seconds on average.

“The difference is, it’s normally hidden. We need to remind people it is still going on.”

For more information about the campaign, visit www.fightinganimaltesting.com

The End of Britain

December 21st, 2013

End_Of_Britain

Hello, 

Before we explain our important message to you, let me briefly introduce ourselves. Twelve years ago we launched a magazine for investors.  We called it MoneyWeek. MoneyWeek is now the UK’s best-selling financial magazine, and serves tens of thousands of subscribers in more than 60 countries.

 
You may have heard of MoneyWeek because of the work we’ve done over the last several years – helping investors avoid some of the big disasters associated with the credit collapse.

We warned investors to take their money out of Europe in 2009… to avoid buying the euro… to stay away from the big banks in 2008… and steer clear of property investments in 2007.

We even helped our subscribers find opportunities to profit from the ensuing chaos, by stocking up on gold and a number of other assets unpopular at the time.

To our knowledge, no other publication can match our record of correctly anticipating and predicting the financial crisis.

But that’s not why we wrote this letter.

We cite our success and experience with the crises of the past because there is an even bigger crisis looming – something that we believe will distabilise the very foundations of Britain.

And that is why we’ve spent a significant amount of time and money in the past few months preparing this letter… perhaps the most important letter you’ll receive this year.

This looming crisis is related to the financial crisis of 2008… but it will be infinitely more dangerous. As we’ll explain, there is an unsolvable problem at the heart of our financial system. One that dates back over a hundred years.

In that time this problem has eaten away more than £10 trillion in public funds. It has been at the root of practically every major political argument in this country, and it affects every aspect of the way we live our lives.

Twenty-five Prime Ministers – from both political parties – have come and gone without ever having come close to solving it.

We believe the outcome of this problem is inevitable… and the recession, joblessness and instability you see right now is only the first stage of it. Many people think the slump we’re in now is as bad as it will get.

But the truth is, it’s only the start.

In fact, you will certainly see the consequences of this deep-rooted problem unfold across the cities, towns and villages of Britain. No one will escape the fallout.

In all recorded history, no country has ever recovered from the financial position we find ourselves in today.  No government has ever been able to reverse this trend. No emergency action has ever come close to a solution.

This inescapable problem has only ever had one outcome: financial collapse.

Believe me, we don’t make this prediction lightly and we have no interest in trying to scare you. We’re simply following our research to its logical conclusion.

We did the same when we anticipated the global credit crisis, the property slide and the collapse of the banks.

That’s why, before we go any further, we need to make something clear…

This is the most serious warning we’ve ever made

 

This is not just about your money. Yes, at its core, money is a big part of the issue. But it goes deeper than that.

What we are going to say is controversial. It will shock many people.  In fact, we anticipate an inbox full of angry emails for what we are about to reveal.

And the ideas and solutions we are going to suggest might seem somewhat radical to you at first.

Way back in 2005 – when we began warning about Britain’s dangerous debt burden – very few took us seriously… not at first. Back then, most mainstream commentators – from the Financial Times to the Daily Mail – just ignored the views we published.

People couldn’t refute our research… but they weren’t ready to accept the enormity of its conclusions either.  Our guess is that, reading this, you may say that too. You’ll say: “There’s no way this could really happen… not here. Not to me.”

But consider this:

No one believed us six years ago when we predicted the oil “super spike” months before it made its 82% climb.

No one believed us five years ago, when we anticipated the slide in the pound, calling our national currency ‘Down and out’.  It has since suffered a long decline and will do so for many years to come.

And no one believed us three years ago when we advised our readers to ‘SELL EUROPE’. The eurozone crisis has since devastated stock markets across the continent.

In each case we were right to issue these controversial warnings early.

Those who received our early insights – our regular readers – would have made and saved thousands from these events. They had quite an advantage.

And that brings us to today…

The same financial problems we’ve been tracking from bank to bank, from company to company for more than five years have now found their way into the heart of our financial system. we’ll explain how this came to be, because what it means is critically important to you and everyone in the country.

The next phase in this crisis could threaten our very way of life.

We predict that everything about your financial life will change: where you bank, how you store your money… when you plan to retire… the way you protect your family and home.

we’ll explain why we believe these events are about to happen. You can decide for yourself if we’re full of hot air. As for us, we are more certain about this looming crisis than we have been about anything else in our publication’s history. It makes us worry about the future for our families.

Here at MoneyWeek, we know that debts don’t just disappear. We know that bailouts have big consequences. We know that printing mountains of money can only end in disaster. And, unlike most of the pundits on TV and in the mainstream press, our analysts understand what’s really going on, and they have made a habit of getting the majority of these big calls right.

Of course, the most important part of this situation is not what is happening… but rather what you can do about it. In other words, will you be prepared when this crisis becomes a national emergency, as we predict?

We fear that most people will not know what to do if banks fold and they are unable to withdraw their savings.  They won’t know what to do if the stock exchange suspends trading. They will be clueless if their pension income dries up. And if their home loses 50% of its value.

If the NHS is sold off and benefits are scrapped, the confusion will turn into rage. Media coverage will be of course, unhelpful.

You can challenge every single one of our facts and we are confident you’ll find that we’re right about each allegation we make. Then you can decide for yourself.

Will you act now and take this chance to protect yourself and your family from the catastrophe that’s brewing right now in our financial system?

We hope so. And that’s why we wrote this letter.

We are going to talk you through exactly what’s happening and what you can do as well. We can’t promise you’ll emerge from this potential crisis completely unharmed – but we sincerely believe you’ll be a lot better off than people who don’t follow the simple steps outlined in this letter.

But we’re getting ahead of ourselves a bit.

Let’s start at the beginning.  Here’s why we are so concerned, and what we believe will happen in the very near future…

The downward slide has begun

 

Britain is about to be flattened by a tidal wave of debt. It doesn’t matter if you vote Conservative, Liberal, Labour, UKIP – or for no party at all. The facts are the facts.

Let’s take a look at some numbers…

Two and a half years ago, when the Coalition government formed, we were already in a huge amount of debt. In fact, the previous government had left the country sinking under £700 billion’s worth. Take a look at the following chart:

UK_Public_DebtSource: ukpublicspending.co.uk

The Coalition has spent the last two years desperately and very publically trying to get our finances in order. We’ve had an “austerity” budget. We’ve had tax hikes. We’ve had “the cuts”.

But for all that, our national debt is still growing at an incredible rate.

Despite David Cameron’s talk of “austerity”, he’s going to add an estimated £700 billion to the national debt in just five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It’s more than every British government of the past 100 years put together.

The fact is, when you look at our finances as a whole, the Coalition isn’t cutting anything. State spending is going up… our national debt is going up… and our interest payments are going up.

By the next general election in 2015, our national debt is estimated to stand at almost £1.4 trillion, as this chart shows:

UK_Public_Debt2Source: ukpublicspending.co.uk

It’s clear: our public finances are in an enormous mess. Anyone can see that. And to some extent, some politicians will admit it. But add in our financial, personal and private debts… and an even darker picture emerges…

Compared to the size of our economy, Britain is now one of the most heavily indebted countries in the Western world. That’s official. Our total debts stand at more than FIVE TIMES what our entire economy is worth.

Proportionally, that’s more debt than Italy… Portugal… Spain… and almost twice as much debt as Greece. Those are four countries already in the throes of financial crisis. We’re the odd one out because we haven’t collapsed – yet. But things can’t stay that way for long.

You see, the only countries that have more debt than us are Japan, where the economy has stagnated for 20 years and the stock market has crashed by 75%… and Ireland, where the housing market has crashed 50%, and the government has been forced to accept a bailout.

In fact, our debts tower above almost every other nation’s – here are the figures that prove it:

UK_Public_Debt3

Source: Haver Analytics; Bank for International Settlements; national central banks; McKinsey Global Institute

That’s absolutely incredible, isn’t it? Yet you’ve probably never seen this fact reported in The Telegraph or on Sky News.

And the worst part is, even THAT isn’t the full story…

Because when you add in all of Britain’s “unfunded obligations” – promises the Government has made on things like public sector pensions – our debts swell to 900% of our economy.

That’s right – when you add everything up, we owe TEN TIMES what our entire economy is worth.

Our political leaders still like to see Britain as a world power. But let’s not delude ourselves.  It’s clear to see: we’re totally broke.

It doesn’t matter which set of figures you use, or which way you look at Britain’s debts. We’re merely talking about different shades of disaster here.

A country can either pay back its debts or it can’t.

And it is very clear to us that Britain can’t.

But how did we get here?

After all, we were once the richest and most powerful nation on earth.

What happened to all of our money?

A dangerous experiment gone wrong

On the 1st of January, 1909, something happened for the first time in British history.

lloyd_georgeThe government agreed to redistribute taxes to support people in their old age. On that day, more than any other, the modern welfare state began in earnest.

The rules were simple. Men aged 70 and above could claim between 2 and 5 shillings per week from the government.

But for all the positive press and good feeling, the government wasn’t really making that big a financial commitment – because back then the average working man could only expect to live to 48 years of age.

That’s the equivalent of offering someone a pension today… but only when they reach the ripe old age of 115. So the idea of rewarding anyone who made it to 70 with a hand-out from the public purse seemed perfectly fair. And more importantly for the government, cheap.

That first year only 500,000 men qualified for a government pension. So at the time there were 10 workers for every pensioner.

Lloyd George initiated a social experiment that would soon spiral out of control.

 

It was a perfectly workable policy, but few politicians realised that they were setting in motion a sequence of events that would inevitably lead to the crisis Britain faces now.

And let’s not forget, at the beginning of the 20th century, Britain still had a booming overseas Empire. It had yet to fight in the cripplingly expensive First World War. The economy was on a seemingly permanent upward trajectory.

And the idea that Britain could face any kind of decline – financial or otherwise – had not yet entered mainstream thinking. We could afford to pay for a welfare state, so why shouldn’t we implement it?

But there was one problem: now the welfare state had started… no one had any idea where it would stop… or whether it could actually be stopped if it became unaffordable.

We’d created a trap for ourselves… then stepped right into it.

 

“Please sir, can I have some more?”

 

It wasn’t until the Second World War was finally over that the welfare state really began to grow…

Welfare was seen as a major part of “Winning the Peace”; keeping the forces of Socialism and Fascism at bay. Of course, politicians soon realised welfare wasn’t just a tool to win the peace. It was also incredibly effective at winning votes too.

This same scenario came to be repeated across the world – in the USA, Japan and across Europe. Seemingly limitless economic growth and prosperity allowed politicians to make an essentially unlimited promise:

The government promised to look after you “from Cradle to Grave”. This single, powerful idea gave government the licence to swell to a size unimaginable just half a century earlier.

The promises got bigger, and so did the cost.

In just a few short years, the size of the welfare state grew, almost uncontrollably, in a flurry of new laws. There was The Butler Act, which reformed schooling. The Family Allowance Act. The National Insurance Act. The National Health Act. The list went on. The problem was, this all came with a nasty side effect. It was immensely expensive.

Everyone assumed we’d be able to pay for it forever.

But they were wrong.

Politicians found themselves totally and utterly caught in this trap. Any attempt to reduce the size of the welfare state was met with often violent resistance in the form of strikes and protests. Or the party trying to cut back – to do the sensible thing – was simply voted out of power.

After all, an ever growing proportion of the population now benefitted from the welfare state, in one way or another. The safety net couldn’t just be pulled away. The government would forever be saddled with an expense that could ONLY grow.

And grow it did:

 

  • Since public pensions were first introduced, average life expectancy has grown from 48 to 80 – a 67% increase. But the age at which we retire has remained essentially the same. This has resulted in an estimated £5 trillion worth of pension promises the state has made to its citizens – roughly five times what our entire economy is worth. No one has any idea how we’ll pay these. The recent attempts by the government to change the retirement age don’t go anywhere near solving the problem.

 

  • As people have lived longer, the strain on the NHS – the demand for medication, more doctors, nurses and other staff, as well as a skyrocketing cost of caring for the elderly – has pushed our finances to breaking point.

 

  • In fact, as state spending has grown, so has the cost of running the welfare system itself. For instance, the state employs half a million civil servants. To put that into perspective, during the height of the British Empire, when Britain ran a quarter of the planet, the state employed just 4,000 civil servants.

 

If you’re in any doubt just how out of control state spending has become, simply take a look at this:

uk_total_state_spend

Source: ukpublicspending.co.uk

As you can see, spending has exploded in a way no one could have imagined 100 years ago.

With the idea of welfare being such a vote-winner, no government could take the bull by the horns and cut it back. Not in any meaningful way. They could fiddle round the edges and save a few pennies here and there, but as the population grew larger and lived longer, all they could really do was sit back and let a future generation sort it out.

And now it’s come down to us.

In 2012, for example, the government will spend roughly £120 billion more than it collects in taxes.

Government over-spending = BORROWING

 

And in a situation like this – when you spend more than you earn – there’s only one way of paying for it. By borrowing money.

That alone is bad enough. But remember, we also have to service our debts – to pay interest on a pile of debt that’s mounting ever higher… debt that we’ll never pay back.

So a vicious cycle was set in motion. Politicians realised that to remain in office they needed to make bigger promises, call for bigger reforms, and ultimately borrow more and more money.

This addiction to debt has spread into every corner of British society. Banks… businesses… the ordinary man on the street – these days they all carry a great weight of debt. Debt has become normal. Want a holiday? Pay for it on credit. Want a new crowd-pleasing cut in taxes? Fund it with debt. To put it bluntly our politicians – so-called educated people who are meant to be looking after our interests – acted like teenagers with their first credit card – all to win votes.

If the UK had been a business or an individual, we’d have been declared bankrupt by now. We’d have been forced to sell our business premises or our home and would have been housed in a run-down flat long ago.

We are broke.  We have been for a long time.

But very soon, it will really hit home.

 

The most powerful world trend of the next 20 years

 

So what’s different about today? Why can’t the government just keep giving us MORE – and take on more debt to pay for it. That’s worked for 100 years – why won’t it work now?

The answer to that is simple. The explosion of government spending and government debt has mostly come in the past 30 years. And during that time, it’s been easy and cheap for the government to borrow money.

You see, interest rates on the government’s debt have been steadily falling for thirty years. Here, let us show you…

E

Source: Gecodia.com

In 1982 Margaret Thatcher’s government had to pay 15% to borrow money for three years. This came in the form of a bond (a gilt). Anyone with money – be it a rich country or a pension fund – could invest in the bonds, and receive 15% interest in return.

But over time the government’s borrowing costs have fallen – dramatically. Now, the government only has to pay 2% to borrow money over the same period. That’s seven times cheaper than in 1982.

And low interest rates make it easier to borrow money.

Debt has been getting steadily cheaper for three decades. That has allowed the government to borrow more and more money, without having to face the consequences.

 

But these ‘good times’ are about to come to an abrupt end.

 

The simple truth is, if interest rates were at their normal rate of 5% – instead of the extremely low 2% they’re at right now – there’s absolutely no way Britain could ever repay its debts. In fact, at normal rates of interest we’re already bust. Not just ‘in over our heads’ but six feet under.

It’s simple maths. If interest rates moved back towards the normal 5% level, our cost of borrowing would triple.

Just to put that into context, if our current debt repayments tripled, the government would have to take drastic action – like abolishing the state pension. Or privatising the NHS. Or pushing tax rates back up to 90%, as they were in the 1960s.

In short, Britain would change radically.

 

And that’s just if interest rates move back to “normal” levels.

The fact is, when you’re in a lot of debt, interest rates are either your lifeline… or your death sentence. So long as rates stay low, you can just about keep things on track. You can service your debts… keep borrowing… and keep the wolves from your door.

When rates move higher… you get squeezed… and eventually, you’re finished. All of a sudden, you have to find more and more money to cover the interest on your debt.

They say a picture tells a thousand words. So we’ll save a few words and show you this:

misprint

Source: Bloomberg

This is an extreme example of what happens when interest rates take off. As you can see, in 2009, the Greek government could borrow money at just 1%. Then in the wake of the financial crisis, the Greek economy hit the rocks, fell into recession and the markets realised what a complete mess the country was in.

Interest rates shot up vertically.  And Greece imploded. Not just financially, but socially and politically too…

As you’ve seen on the news, there have been riots, suicide, overnight poverty, snap elections and crushing general strikes. People couldn’t get their money out of banks fast enough, businesses collapsed. In that environment, just keeping your family safe is a big challenge. That’s the danger of rocketing interest rates to a country with huge debts.

As Douglas Carswell, MP, said recently: “Greece might be the first Western country to discover that you cannot keep running up debts to pay for a lifestyle you did not earn. She will not be the last. The laws of mathematics are universal.”

In Britain, interest rates on government borrowing now stand at record lows. If we’re not at rock bottom, then we’re incredibly close.

That means the most important trend of the next twenty years is almost certainly rising interest rates.

Debt has been getting cheaper for thirty years. Now it’s about to start getting much more expensive.

We’re now facing an unprecedented crisis.  As interest rates rise, our record debts will become impossible to bear.

No one can say how quickly things will escalate. Interest rates could rise overnight. Or they could slowly and inevitably push higher, taking years to slowly strangle the economy, the housing market, the stock market… stripping us all of our wealth one day at a time.

What we can say with certainty is that sooner or later interest rates WILL rise. We’re approaching the day when foreign investors realise the scale of our problems, and demand higher interest rates… or stop lending to us altogether.

When that day arrives, we are certain things will get nasty.

How Britain collapses from within

So what happens to Britain when interest rates rise? What shape will the crisis take? And what does all this mean for you, and your family?

Northern-Rock

  • The first “flashpoint” will be the banking system. We’ve already seen this across Europe. This is because banks hold huge amounts of government debt. When interest rates rise, the value of government debt (bonds) falls.  Even a small jump in interest rates would wipe billions of capital off banks’ balance sheets. It’s impossible to say exactly which high street banks – if any – could withstand that kind of hit.

 

Imagine standing outside your bank, not knowing whether you’ll be able to withdraw your savings.(Image © Bloomberg)

As news of the banks’ problems hits the press, and rumours of a new round of bhouse-boarded-up.jpgailouts spread, the public will catch on to what’s happening.  We are likely to see a run on the banks. Picture the scenes we saw at Northern Rock, as people rushed to get their savings back, but ten times worse. That’s because this time round, the government simply won’t have the money to bail the banks out again.

But the crisis will not be confined to the financial sector.

The disturbing reality is that a tiny increase in the interest rates could force tens of thousands of people to miss payments and default on their mortgages.(Image © Bloomberg)

The next domino to fall will be the housing market. Most mortgages are linked to interest rates. As interest rates shoot upwards, millions of people will be pushed “underwater” by a combination of falling housing values and rising mortgage payments.

But that isn’t all…

When a financial system ceases to function, the social fabric begins to fray. We are not simply talking about shares falling or house prices dropping, which is devastating enough. We are talking about the breakdown of social order.

The important thing to realise is that Britain is going to change – very significantly. Things might never be the same again.

 

A warning from history

 

Is this all too alarming? Some of our critics would say so.

Most people think Britain’s debt collapse can’t happen. Of course, it’s hard to picture. Banks look safe until they announce they’re broke. Governments say everything’s under control, until they beg for bailouts.

These events often come as a shock to the public. Many people assume they’ll never happen. But assumptions can be misleading. Especially ones that are widely held.

The Victorians thought the British Empire would last forever.  Americans in the 20s thought the stock market boom would never end.  And here in the UK, during the 90s and early 2000s, we thought we could keep borrowing and spending forever.

But if you need any convincing of how quickly things can change… of how rapidly order can turn into chaos… history offers us a number of painful reminders.

Let’s take just one of them…
Argentina-protests.jpg
In the early 20th century Argentina was one of the world’s largest economies. Rich in natural resources, a massive industrial sector, so cultured they called Buenos Aires the Paris of South America. In fact, a popular saying 100 years ago was as ‘rich as an Argentine.’

But fast forward to the end of the 20th century, and things looked very different. Argentina’s borrowing spiralled out of control…

 

A debt implosion isn’t pretty. Order very quickly turns into chaos. That’s what happens during a debt collapse.(Image © Bloomberg)

As Argentina’s debt accumulated in the late 90s, its financial system buckled. Austerity measures were put in place (sound familiar?), businesses closed, trade fell off a cliff and investment fled the country by the billion…

Come early-2001 the country was in a state of siege, with banks blocking cash withdrawals, rioting in the streets and the total collapse of government.  So desperate were villagers for food, they hijacked livestock trucks and slaughtered the animals in the streets.

To give you some idea of how bad things got – and how quickly they escalated… you need to listen to our man in Argentina, Federico Tessore. Federico is one of our private network of analysts. He worked as a Financial Advisor for Citibank in Buenos Aries at the time, experiencing the chaos first hand.

He’s got quite a story to tell…

 

fedirico1.jpg

 

“It was 2001… the US had just suffered the 9/11 attacks, many Argentines were frightened about what could happen in America. It was chaos. So they decided to bring back their money to Argentina…

But that was a terrible mistake, because in December of 2001 the Argentinian government created the “corralito”. In English you would say “playpen”, I think… we called it a “money prison”.

This meant that you could only get out 500 US dollars per week in cash from your bank account. It didn’t matter if you had $1 million in the bank, in cash… you could only get $500 per week.

For two months this madness continued, until the government decided to convert the US dollar deposits into Argentinian pesos…

The official exchange rate was 1.4 to 1, but the illegal market exchange rate was 3 to 1. Even worse, this conversion was not in cash. The government created a 10-year bond for the depositors.

So, people that had a $100,000 deposit in the bank were given an Argentina pesos 140,000 10-year bond…

This of course enraged people, who stormed into the banks very angry. I was working at the Citibank bank at the time.  I saw what was happening from the inside.  More than once my life was threatened by desperate customers who just wanted to get their money back. I had to talk with thousands of people per day, many old people, and try to explain what was happening… it was almost impossible.

One of the hardest parts, was to explain why the international banks like Citibank, decided not to recognize the dollar deposits to their customers. They had the money abroad to do that. But they didn´t do it. They basically defrauded their own customers…

The depositors attacked the banks, rioting outside, smashing the windows… all the walls where painted with insults and complaints. We had to enter the bank escorted by the police… it was like living in hell.”

 

It’s a chilling story… within three or four years the country fell into financial and social anarchy. And what happened next? Well, Argentina wasn’t crossed off the map. It still exists. But twelve years on, it’s barely recovered. Conditions for many honest, hard-working people are simply terrible. They are still trying to understand what happened to their tattered country.

The government has raided public pensions, the stock market is depressed and the global market steers well clear of Argentine bonds. It’s not complicated. Once your country has imploded and trust in systems and institutions has evaporated, investment stays away for decades.

Regular Argentines now hoard gold. Endless government scams and corruption have made them suspicious and distrustful.  And a culture of short-termism pervades.

But that’s Argentina, right? A crazy South American country full of impulsive hot-heads and corrupt politicians. That could never happen here in Britain. That could never happen to us.

Really?

Anyone around fifty years old will know that, we’ve had our own taste of financial and social collapse, in the relatively near past.

Around forty years ago, Britain entered its own ‘lost decade’ of economic chaos…

Rotten_Days_3.jpg

 

“Them Was Rotten Days.”

 

The Smiths

 
Back in the 1970s inflation ate into cash savings at a rate of 28%. Yes, 28%. It seemed like every time you turned your back, bank savings lost more of their value. Every single day, you became a little poorer.
Rubbish-leicester-squar.jpg
The FT30 entered the worst bear market in history, falling 73% between 1973 and 1974. Even gilts – our so-called “safe-haven” – collapsed as interest rates went sky high.

Rising interest rates buckled the financial system. But it went deeper than that. The speed of the social breakdown was frightening…

It seems insane now, but social order quickly breaks down when the money stops flowing. Britain’s coming debt implosion could plunge us back to the darkest days of the 1970s. (Image © Getty)

The general strike meant dead bodies went unburied as gravediggers joined the picket line… Stinking piles of rubbish rotted on the streets, towering inside Leicester Square… Those lucky enough to have jobs had to swallow huge wage-cuts during the infamous ‘three-day-week’. Shoppers scoured supermarket shelves by torchlight during blackouts.

“We used to think you could spend your way out of recession and increase employment by boosting government spending… I tell you that option no longer exists. And so far as it ever did exist, it only worked on each occasion… by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.”callaghan.jpg

 

 Jim Callaghan. (Image © Getty)

 

These words are amongst the most important ever uttered in the history of modern British politics. Unfortunately, almost everyone has forgotten them.

For a left wing Prime Minister to admit that too much state spending is dangerous SHOULD have marked a big turning point in our history.

But of course, it didn’t – as this chart so aptly illustrates:That’s not to mention the violent civil unrest, where thousands of the unemployed and strikers clashed with the police. For millions of people trying to keep their hard-earned money secure, it was a nightmare.

As the top rate of income tax peaked at 83% in 1974, foreign investment steered away from Britain as if it were an island colony of lepers. We were the ‘sick man of Europe’.

Property and banking crises meant that, people’s lives changed dramatically for the worse: jobs were lost, family businesses closed, people had to dig deep into their savings just to make ends meet. The country was brought to its knees.

So when we’re talking about financial emergencies, don’t be under any illusions. It can happen here in Britain just as it can happen anywhere – given the right conditions.

In 1976, humiliated, the UK government had to be rescued by the International Monetary Fund, with Jim Callaghan going cap-in-hand to beg for a huge bailout. Humbled, he delivered what was meant to be a wake-up call for the British financial and political system:

 

UK_Projected_Debt.jpg

 

Source: ukpublicspending.co.uk

In the 1970s the spend-borrow-spend experiment should have ended. It should have been our wake-up call. But we just kept on spending. So long as interest rates kept going down, there was always a way to put off the pain… a reason to borrow more… a justification for not balancing the books.

But the day of reckoning is approaching.

When?

Well, we can’t say exactly. It might be a long, slow drawn-out process that drains your wealth over the next decade. Or this time next year, the financial system could be breaking apart. It’s impossible to say.

But we think that savers and investors who are not aware of the full risks – and who fail to protect themselves – will suffer the most.

The vast majority of people here in Britain will have no idea what action to take as they watch their wealth and financial security drain away, out of reach, perhaps forever.

The important question for you is:

When this happens, will you know what to do?

 

The problem facing everyone in Britain

 

When these events unfold, very few people will have any idea how to respond.  Most will see the assets they have worked all their life to secure begin to lose value, rapidly.

It won’t matter if you have £5,000 in the bank or £500,000. It won’t matter if you own a five bedroom house in Esher or a one bedroom flat in Croydon. This crisis will lay waste to the wealth of anyone who isn’t prepared for it.

The most horrible feeling will be the loss of control and the confusion.

Desperate to take some sort of action, many people will feel pressured into making investments that could blow up in their faces.

The cost of making the wrong move with your money, over the next few years, could be lasting. What if your money is trapped in one of the banks that collapse? What if your invested wealth is stuck in one of the companies most likely to crash? This is about knowing what you CAN do with your money if the worst of the crisis unfolds.

Our intention is not to be melodramatic. But if events unravel as we expect, thousands of people will lose a lot of what they have. And they won’t be able to do a thing about it.

By the time most people have pieced it all together, or the true significance of this information makes the headline news in the financial press, it will be too late. And that’s why so many people could get caught out and lose so much money.

It’s essential you prepare for these events. You can’t rely on mainstream commentators to help you.

So who do you listen to?

 

Warning: Prepare for this disaster or you could lose a serious amount of money.

 

For most people, disasters of this magnitude come out of the blue.

But for our readers, financial crises are rarely a surprise. Often, we spot these dangers approaching – as we have this one – and give our readers time to prepare.

For more than a decade MoneyWeek has been sharing its insights with private investors. We have helped steer them away from dangerous areas of the market, into profitable ones.

In short, we have a track record of getting many of these things right.

We gave our warning to steer clear of British banks as early as 2005.

But when they crashed in 2007, a lot of Britons still had their money tied up in banking shares – and they lost a lot of it.

Let’s take another example – property.

In October 2006, both the FT and Telegraph were singing property’s praises.

 

“Property prices take off as buyers return to the market”
– The Telegraph, 12 October 2006.

“Property boom extends across UK”
– The FT, 13 October 2006.

 

But we saw things differently. Our research told us the market had dangerously topped-out. Our message was loud and clear:

 

“Get out of property NOW!”
MoneyWeek, October 2006 – February 2007

 

Within just a year the property market began its steep fall – just as we’d warned.mywk-graph1.jpg

We don’t know if you personally lost money in the property collapse, but many people did. Thanks to the the UK’s obsessive property mania, egged on by the mainstream media , many unfortunate people timed one of the most important investments of their lives completely wrong.

On the other hand, those that listened to our timely warning had the opportunity to secure their wealth.

“Without the catalyst of MoneyWeek I surely would be part of the herd and suffered greater losses through these challenging times – that is a fact.”
T Le Grange, Southampton

mywk-graph2.jpgAnother example…

When we predicted the oil “super spike” in May 2006 those that listened made a swift 82% gain.

We have a track record of getting many big calls right. We’re proud of it. It’s what makes us confident and serious about the job we do here at MoneyWeek – providing crucial and lucrative insight on the markets.

“This is simply a note of thanks to you and your staff in providing a publication that has personally guided me into safer financial waters during this time of uncertainty.
Simon Bradley, Bournville, Birmingham

Throughout 2007 we repeatedly warned our readers to ditch the FTSE while the mainstream commentators – with great confidence – wrongly reassured investors there was nothing to worry about:

“The FTSE giants have nothing to fear” mywk-graph3.jpg
– Telegraph, 29 July 2007

 

Once again, our team saw which way the wind was blowing.

“Here comes the crunch”
– MoneyWeek, 27 July 2007

 

And right before the colossal crash of 2008 we issued a stark warning: “The credit carnage is far from over.”

Our readers had the time to get out and avoid the pain felt by thousands of investors.

“I have to hand it to you… you have forecast everything during the downturn and none of this is vaguely a surprise to you.Bob Lindo, Camel Valley Vineyards, Cornwall.mywk-cover1.jpg

 

More recently we gave our readers advance warning about both the Eurozone crisis and China’s economic downturn. And showed them the best ways to profit from both.

Our message right now is that we believe Britain is entering a long, downward cycle. One that is likely to be punctuated by a devastating financial, and even social collapse.

Our research group draws upon the knowledge and experience of some of the brightest and most forward-thinking financial minds in the country.

The MoneyWeek team includes:

An award-winning defensive asset manager who’s responsible for more than £1bn in client money.

A financial publishing magnate and self-made millionaire.

One of the most respected financial commentators in Britain.
mywk-cover2.jpg
A well-known peer and one of the most celebrated financial thinkers in Britain.

And one man, so innovative in his reading of the markets, he now advises the European Commission…

These are men and women who spend every day of their lives either working in, or analysing, the financial markets… but who, most importantly, do NOT get swallowed up by mainstream viewpoints.   They are smart, independent people who aren’t afraid to seriously question conventional wisdom, to stand apart from their peers and cosy group-think, and to see what’s really going on beneath the surface.

The fact is that many ideas about investing, which emerged over the past few decades, have to be radically re-evaluated.  The idea that you can just ‘buy and forget it’ – whether we’re talking shares or property – is plain wrong. That’s how things used to work. But not any more. That kind of wrong-thinking over the coming months and years, could be disastrous for you.

Over the last decade we have shown our readers where the markets were heading months, sometimes years in advance. The value of that insight is incalculable. We have mywk-cover3.jpghelped keep safe the ambitions and financial futures of countless people.

Again, we cite our success and experience with the crises of the past because there is an even bigger crisis looming.

Britain’s huge accumulation of debt means its fate has already been sealed. We are about to pay for what we have borrowed, and in the worst possible way.

If you have any remaining doubts that a day of financial reckoning approaches… read the next page of this letter – and we’ll prove it to you, conclusively.

Claim your 4 FREE issues & FREE reports!

Escape is impossible

 

If you take one thing away from this presentation, it should be this:

In recorded economic history, every single country with debts as big as ours – every single one – has suffered a devastating economic collapse. There are NO exceptions.

For example…

During the Great Depression – when thousands of ordinary people lost everything – America’s total debt hit 252% of GDP. In any circumstances, that’s bad.

But things can get worse. During the Japanese economic collapse – which triggered more than two decades of deflation and a 75% drop in the stock market – Japanese total debt hit 498% of GDP. That’s twice as bad as the level of debt seen in America during the Great Depression.

If Britain’s current debts were at those kinds of levels, it would be worrying. But in truth, our debts are now much worse than either of those two examples.

Shockingly, our debt load is now on a scale comparable with one of the most frightening economic disasters of the 20th century…

We’re talking about the Weimar Republic.

Back then, suffering under the weight of brutal war reparations, civil unrest and shattered public finances, the Weimar Republic’s total debt equalled 913% of its economy.

I’m sure you know what happened next: the government printed money and hyperinflation took off. In the end, it was cheaper to decorate your home with bank notes than wallpaper.  Ultimately, the country descended into a period of economic and social crisis… a catastrophe that ended with the rise of the Nazi party.

And that was with debts worth 913% of the economy.

Today, Britain’s total debt equals 900% of the economy.

When you add in our financial sector debt, government debt, personal debt and corporate debts… our debt load rivals the Weimar Republic in scale.

To put it mildly, this worries us a great deal. It should worry you, too. Because this simple fact alone proves just how inevitable Britain’s coming crisis is.

Remember, as you saw earlier the only thing delaying the crisis right now is the fact that interest rates are at historical lows. That’s what allows life to carry on “as normal”.

But things won’t be this way for long.

Because the simple fact is:

When interest rates rise – and they WILL rise – Britain will face the greatest crisis in generations.

And there’s one more thing you need to consider.

The first danger you face won’t be the falling price of your shares… nor will it be the insolvency of the banks. Those things, we believe, will happen. But first, you face an even more immediate threat:

The desperate actions of our own government.

 

How the government could seize your wealth

 

There is nothing the government can do to solve the debt crisis. Better people than David Cameron and George Osborne have tried to get out of similar crises in the past – and failed. As you have seen, the hole we have dug for ourselves is simply too big to ever fill back in.

But that won’t stop politicians making a series of bad decisions to fight the inevitable, while they are still in power. They must be seen to be doing something. And that’s bad news for you.

As the crisis deepens, panic will take hold. In a desperate attempt to pay off the debts and try to regain control, politicians will cast around for any sources of money available, and use almost any means to seize it.

Invariably, that means they’ll turn to their primary source of income: you.

Throughout history, when countries are in financial crisis, governments automatically raid the wealth of their citizens. It’s all they can do.

It goes as far back as Ancient Rome. As the Empire crumbled and inflation raged, the Emperors raised taxes over and over, squeezing as much coin as they could from their subjects.

Back to the 20th century…  In 1933, President Roosevelt signed executive order 6102, forbidding the man on the street to hold any significant amount of gold. In the midst of the Great Depression, the government basically made it illegal for anyone but them to hoard the precious yellow metal. Refusal to comply with these demands was met with a five year prison sentence. That’s essentially how the US filled Fort Knox – by seizing other people’s gold.

Just last year in Hungary, facing a debt crisis similar to our own, the government nationalised all pensions. In effect, they confiscated people’s savings. Can you imagine waking up one day and being told that the income for the last 30 years of your life hangs on a government promise?

In Greece right now, benefits have been cut to the bone, salaries and pensions have been slashed up to 40% and the retirement age has been hiked to generate more income from the population – the very victims of the crisis.

But you don’t have to look too far from home to find one of the cruellest examples of seizing private wealth. In 1974, the top rate of income tax under Edward Heath was 83%. Imagine how it would feel to be so blatantly fleeced by your own government.

In other words, in times of financial panic, the government will come after the people with money and savings.  If you are someone who has worked hard, been responsible, considered the future, thought about your family, planned for your old age, and built up savings and some wealth – you are the prime target.

The government and financial authorities will never admit this, of course.  They will never announce or admit to these ‘confiscation’ policies. In fact, their official statements are designed to conceal it.

And yet, in the end, their actions and the new controls they implement will undermine some of the core principles of the British way of life:

The protection of private property.  Individual freedom.  The rule of law.  Clear limitations on the role of the State.  Or to put it colloquially: “an Englishman’s home is his castle”.

It’s not just your home that will come under threat, it’s your money. And the outcome could be very uncomfortable indeed.

Just imagine the following situations:

 

  • Your spending money limited: You set off to take a brief holiday on the Mediterranean. As you go through security at the airport, you are asked to reveal how much money you have on you.  You take out your wallet.  Anything over £500 is confiscated.  And you can’t use your credit cards overseas.

 

  • Your investments restricted: You come across an interesting investment idea, that involves buying a foreign share.  You open up your online stockbroking account and search for it.  Instead of the usual ticker code and information, all that appears is an error message: “Sorry, but overseas shares are no longer available”.

 

  • A dividend super-tax: You decide to review your investments, and look through your latest pension and broker statements. To your dismay, you find that the dividend income you expected is much, much lower than usual. You notice a small note at the bottom of the statement. It says, “Dividend income is now subject to additional Dividend Control Tax, at 25%”.

 

  • Your pension, downgraded: You are watching the ten o’clock news, when the newsreader calmly announces the Chancellor of the Exchequer’s latest policy.  It’s a bombshell.  In three months’ time, all private pensions will be nationalised “in the national interest”, and the government will take control of all pension provision.

 
In Europe, right now, in Italy, Spain and Greece, wealth restrictions are already beiWinston-Churchill.jpgng implemented..

These measures have already been discussed amongst Eurozone finance chiefs. Limiting the size of withdrawals from cash machines, border checks, the suspensions of free travel between countries… there are draft plans to initiate these extreme measures under desperate circumstances.

Considering the UK has one of the largest debt to GDP ratios on the planet, how long will it be before your money is seized by our cash-strapped government? Will it be when interest rates creep up 1%… 2%? It’s impossible to predict exactly.

 

“A nation trying to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”. Winston Churchill (Image © Bloomberg)

 

Unfortunately, you cannot stop the government taking this course of action. Even worse, these measures will primarily be aimed at people exactly like you. People who have worked hard, saved their money and paid their taxes. There may be resistance, even mass protests, but if things get bad enough, we think capital controls WILL be put in place once again.

Remember how Britain got into this dangerous situation in the first place:

The enormous cost of welfare started spiralling. We had to borrow hundreds of billions to service it. We had to pay interest on that borrowing. The debt has grown and grown. Soon the rates of interest could rocket. At that point the government cannot function. And very soon we believe they will target YOU and your wealth to pay for everything.

But that doesn’t mean you have to just sit there and accept it. In a moment, we’ll show you a special Wealth Preservation Report that outlines investments you can make right now to help keep your money out of the government’s grasp.

How soon do you need to make them? That’s up to you, of course. But ask yourself: do you want to risk making them too late? Before the real crisis even hits… before the banks buckle and the stock market hits record lows… the government could have a strangle-hold on your wealth.

Our advice is simple: don’t let that happen. Let our research group show precisely how to respond.

We’ll immediately send you:

An urgent ‘Wealth Preservation Report’, revealing three moves you can make right away to start protecting your money. It will cost you nothing. And it’s yours to keep and use.

The next four issues of MoneyWeek for FREE – showing you how our team of expert investors are preparing for the coming debt implosion.

Let us show you how to preserve your wealth

 

Now that you understand the danger Britain faces – and the events we believe will take place in the near future – we’d like to show you exactly what we think you can do to defend yourself.

Our company has offices across the world – not just here in Britain, but in America, France, China, India, South America and Australia. As you’ve seen, our network includes an award-winning defensive investor; a financial publishing magnate; one of the most popular writers for The Financial Times; as well as a series of highly respected investors, economists and analysts.

We exist for one reason: To help arm you with the information and know-how to protect – and grow – your money no matter what. We do this by sharing our insights, analysis and advice through Britain’s most popular financial publication: MoneyWeek magazine.

You may already have heard about MoneyWeek magazine – many of our writers are well known financial commentators.  merryn.jpg

 

For instance, our Editor in Chief, Merryn Somerset Webb, regularly appears on Radio 4’s Today programme, the BBC News, Moneybox, and Working Lunch.

john.jpgOur Editor, John Stepek, is equally well respected in the financial community. You may already have seen him on Newsnight, BBC News or CNBC.

On the other hand, many of our regular contributors prefer not to share their financial insight publicly – choosing to keep a lower, but no less influential, profile.

For example, our defensive expert Tim Price has won City bill.jpgawards for his ability to keep his clients’ money safe in times of crisis.

And one of our most popular contributors, our owner and publisher, Bill Bonner, is a New York Times best-selling financial author.

But without exception, their very best ideas reach the readers of MoneyWeek magazine. We believe this places our readers amongst the most knowledgeable and successful investors in the country.

And our history of getting the big calls right backs this belief up.

Not only that, but we highlighted ways our readers could protect their wealth, and turn these problems to their advantage. It’s no exaggeration to say that this kind of advice has helped many of our readers save and make thousands of pounds.

Our belief is, you CAN survive the coming crisis… but only if you have the knowledge, and the know-how, to keep your wealth safe.

MoneyWeek magazine aims to provide you with this knowledge – starting with your free Wealth Preservation Report.

 

Here’s what you need to do – urgently

 

Clearly, the most important thing right now is to be aware of what’s coming. The worst thing that can happen to you is to be left in the dark as the crisis escalates.

You can make a choice today. You can take positive action to get ahead of the coming disaster… or you can do nothing, and trust that your wealth and financial security – everything you’ve worked so hard for – will survive the events we believe are coming.

Do you want to risk being one of the thousands of people that could be standing outside a bank all day, not knowing whether you’ll get your savings back… or whether your savings still exist?

Do you want to be one of the millions of people who panic when the price of basic staples like food and fuel skyrockets?

Do you want to be left helpless when the stock exchange suspends trading, the stock market crashes or the government raids your wealth in a desperate attempt to stay afloat?

Or do you want to start taking action today to defend yourself?

The MoneyWeek magazine team has put together a free report to arm you with all the information you’ll need to face the coming crisis:Wealth_Preservation.jpg

Your “Wealth Preservation Report”.

It’s impossible for anyone to give you one piece of advice to see you through the entire crisis. You will need ongoing insight to navigate through Britain’s coming debt collapse.

But we have selected three crucial moves you can make right now so you will be starting out in the best possible position to protect yourself from the threats we see coming.

Firstly, we’ll help you make a handful of key investments that aim to protect you from currency debasement, rampant inflation – and of course, the threat of hyperinflation.

Secondly, we’ve uncovered several key income-producing investments you can make today, to start sending a big stream of income your way. In times like this, you’re going to need all the income you can get to offset any losses, and keep your money on sound footing.

Thirdly, and in many ways most importantly, we’ve found several “bolt holes” outside the UK you can move a part of your wealth into right away. Not only will these investments help you escape Britain’s looming economic collapse… they could also turn you a handy profit in the coming years.

Plus we’d like to help you through every step of the crisis, every week in MoneyWeek.

As things change, as the debt crisis deepens, our team will update you and recommend new investments to respond to new challenges as they arise.

But the fact is, the information in these reports is just the beginning. The investments we recommend are aimed at putting  your money in the right place, right now. We want to make certain you begin this crisis on a sure footing.

Frankly, no one can know for sure how this crisis will develop… or what unexpected events Britain will face in the coming months. No one can know how quickly things will escalate.

That’s why we believe MoneyWeek magazine will be essential to your survival in these times. We’ll bring you vital updates on what’s happening… as well as providing you with ongoing recommendations you can implement to help keep your wealth safe.

We hope you’ll make MoneyWeek magazine part of your regular weekly reading. Because, as you’ve seen, we have a long history of moving quickly ahead of major changes in the markets. Over the last decade, it’s paid to have us on your side.

Some of the most respected financial minds in Britain have praised MoneyWeek for its timely, against the grain insight.

 

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“I recommend MoneyWeek to anyone who wants to make the most of their money.”

 

Hugh Hendry, CEO, Eclectica Asset Management

 

“If you only wanted to take one step to improve your financial situation I would recommend that step be to subscribe to MoneyWeek and read it every week.Andrew_Craig.JPG

 

Andrew Craig, Author of “Own The World”

 

“If you want to be informed, ahead of the pack and enhance capital, then Jim-Mellon.jpg you’d better read MoneyWeek.”

 

Jim Mellon, award-winning investment author and Chairman of Burnbrae Ltd

 
As Britain’s debt-bomb ticks ever closer to detonation, we believe you will need the advice and ongoing insight of our researchers and writers. You have seen how our warnings of the last decade have helped make and save investors thousands of pounds.

But please, don’t just take our word for it. We want you to hold MoneyWeek in your hand and see for yourself before you make any decision.

To prove to you just how important MoneyWeek magazine could be to your wealth and financial security, we’d like to send you the next three issues of our magazine, completely free of charge.

That means you’ll be able to implement the ‘crisis moves’ provided in your free reports today… and benefit from MoneyWeek magazine’s unique insights for the next four weeks, without paying a penny.

That gives you the time to judge our research and analysis for yourself. And of course, if you’re not convinced that MoneyWeek is for you, just contact us at any time during your 4-week FREE trial, and we’ll stop your subscription immediately. The 4 issues we send you will be yours to keep regardless. And you will have the free Wealth Preservation Report, too. Valuable information that could save you thousands if the crisis worsens.

However, if you decide that the expert advice in MoneyWeek is well worth having every week, then we’d like to offer you a very attractive price indeed…

The usual cost of MoneyWeek is £175.95 for a full year.

But we want you to benefit from our insights and advice, and not be inhibited by the price. So, if you decide to continue receiving MoneyWeek after your 4 FREE issues, we’d like to offer you a special subscription for only £19.95 every 13 weeks (13 issues) through Direct Debit. That’s a saving of 56% off the cover price.

Alternatively, you can choose to pay by credit card and enjoy a whole year (51 weekly issues) of privileged investment knowledge in MoneyWeek magazine for just £89.95 – a saving of 49%.

We are extremely worried about the events unfolding around us right now, and the solvency of our financial institutions and our country. Quite simply, we want you to benefit from our advice and experience.

Protect yourself from the coming storm

 

We are preparing our readers for a financial crisis that will put everything they have worked hard to secure in real danger. Events of this magnitude do not come around very often. That is why most people will simply fall victim to it.

But when they do happen, you must be ready for it – or risk losing everything.

Ask yourself:

Could I face losing a large portion of my money, at this stage of my life?

Could I happily retire, knowing I won’t be able to live the way I have always dreamed… knowing I cannot leave my kids with as much as I hoped?

Could I forgive myself if I did nothing to protect my investments and family, even after this serious warning?

Today you have an opportunity to prepare yourself against Britain’s coming debt implosion. Don’t waste it.  It will cost you nothing to see what we believe you need to do urgently. And it will cost you practically nothing to continue to receive our advice as the crisis deepens.

Do nothing and you could be watching your shares  falling in value, your home losing thousands and the government pinching every penny it can out of your pocket. Will you know what to do? Will you know how to respond?

Don’t let yourself become one of the thousands of people here in the UK looking back with regret, wondering ‘what if I’d listened… what if I’d done something…’

We are offering to show you precisely how we think you should position your wealth right now – before it’s too late. Claim your first four issues and your crucial ‘Wealth Preservation Report’ immediately – absolutely free. You can download it now.

 

 

Yours sincerely,

The MoneyWeek Team

PS. Remember, as soon as you start your trial we’ll send you a free copy of our Wealth Preservation Report, showing you ways to respond to these threats.

This report is your to keep, regardless of whether you stay on as a MoneyWeek reader.

 

 

 

 

Sources:

£10 trillion in public funds – MoneyWeek calculations based on historical welfare spend
UK Total Debt as a percentage of GDP – Debt and deleveraging: Uneven progress on the path to growth, McKinsey Global Institute, 2 January 2012
500,000 pensioners in 1909 – BBC article: The state pension turns 100, 31 July 2008 Average life expectancy – World Bank data, 31 October 2012
An estimated £5 trillion government debt – IEA article: True level of UK government debt exceeds £5 trillion, 12 November 2012
£120 billion net borrowing – Office for National Statistics: Public Sector Finances August 2012, 21 September 2012
MP Douglas Carswell quote – The End of Politics and The Birth of iDemocracy
James Callaghan quote – British Political Speech, Blackpool 1976, 28 September 1976
America, Japanese and Weimar Republic total debt – Global Financial Data, Bridgewater’s An In-Depth Look at Deleveragings report, February 2012
Salaries and pensions slashed up to 40% – The Guardian: Greece is ripe for radical change, 8 November 2012
Euro zone discussed capital controls – Reuters, 12 June 2012
For the calculations of UK debt, and more information about the charts, click here.

Information in MoneyWeek magazine is for general information only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions. Appropriate independent advice should be obtained before making any such decision. MoneyWeek Ltd, Registered Office: 8th Floor, Friars Bridge Court, 41-45 Blackfriars Road, London SE1 8NZ. Customer service queries: 020 7633 3780. Registered in England No.: 4016750 VAT.: 760 8510 33

 

 

Truth: Hitler Was a Prophet & Refused Offers From Rothschild Bankers!

December 21st, 2013

Nazi-Boot-Rothschilds

I know I have been getting a ton of media backlash for being one of the few brave ones who dare speak the truth directly in and with conviction right in the eyes of the lying, dark cabal that is desperately trying to usher in their New World Order agenda!  I promise you that I will continue to blast out these truths to the world in which the “ELITES” have tried for so long to hide from the masses.  When you learn the truth, the truth shall set you free!  Be brave and speak your truth, our truth, and down with the New World Order!  Anyone who attacks us for spreading the truth to awaken mankind are apparently either traitors or part of the New World Order shills themselves, and as I promised you all I shall continue to release these “truth bombs” more and more on my blog so that we can rewrite history the way it was SUPPOSED to be instead of living in the world filled with lies to keep you in their slave matrix!  Time to free yourselves my friends!  The truth may hurt some but it WILL set you free!  For so long “THEY” have lied to us and painted out Hitler to be a monster.  That he was part of so and so and did this and that when in fact, he REFUSED and BOOTED the Rothschild bankers and their offers!  Interesting indeed and  I have only barely started!  So, let us begin, shall we?

 

Hitler Was a True Prophet & The Nazis Gave Rothschild Bankers The Boot!

Despite the frivilous claims of foolhardy patriotards and assorted Jew defenders who often masquerade as “anti-Zionists,” the Nazis were not — in any way — covertly funded by, or in cahoots with, Rothschild bankers. On the contrary, the German, French and Austrian branches of the House of Rothschild were effectively dissolved and extirpated by Hitler. Quite a bizarre and counterproductive action of a “Rothschild agent” wouldn’t you say?

Niall Ferguson’s biography of the Rothschild family, The House of Rothschild: Volume 2: The World’s Banker: 1849-1999 (Penguin, 2000), although sympathetic to Jewry and the Rothschilds, outlines the reality of the National Socialists’ war against this international criminal Jewish banking cabal. Ferguson writes:

“An altogether more ruthless coalition had come to power in Germany in 1933, dominated by the National Socialist German Workers’ Party.Hostility to the Rothschilds’ had been a feature of Nazi propaganda from the movement’s infancy (see introduction to volume 1) despite the fact that the Frankfurt house had been wound up when Hitler was barely twelve years old. It was a hostility that soon translated into action. At first the attacks were largely symbolic: in December 1933 the Frankfurt Rothschildallee was renamed Karolingerallee, while the Luisenplatz and Mathildenstrasse lost the plaques identifying them with members of the family. It was not until April 1938, with the “Ordinance on the Registration of Jewish Assets,” that Rothschild property came under direct attack. In the wake of the orchestrated anti-Semitic demonstrations of the following November (Reichskristallnacht), nearly all the myriad of charitable and educational foundations — of which there were around twenty — were dissolved, with the exception of the Carolinum Dental Clinic, which had become part of the Frankfurt University. The largest of these, the Baron Wilhelm Carl von Rothschild Foundation, was “Aryanised” under pressure from the city authorities, so that all references to its founder were expunged. At the same time, the Reich Association of Jews in Germany was forced to sell the Mathilde von Rothschild Paediatric Hospital, the Georgine Sara von Rothschild Foundation for Infirm Foreign Israelites and the Rothschild residence at Grosser Wollgraben 26 to the Frankfurt municipality. The Gestapo also confiscated the A.M. von Rothschild Sanatorium for Lung Diseases in the Black Forest. At least four other Rothschild-founded institutions suffered the same fate.”

The private property of the few family members still resident in Germany was expropriated by similar methods, though there was in fact relatively little of it left by 1938. Before the process of confiscation began, Max von-Goldscmidt-Rothschild’s son Albert, Rudolf and Erich sold the family houses at the Grüneburg and Königstein and opted to emigrate (Albert to Switzerland, where he committed suicide in 1941 when faced with the threat of expulsion). But Maximilian — now 95 — was too old to leave. He stayed on in the house in the Bockenheimer Landstrasse, with the garden which his wife’s great-uncle Amschel had acquired over a century before the earliest days of Jewish emancipation in Frankfurt. Or rather he was allowed to occupy a room in the house; for in tragic fulfilment of Amschel’s nightmare — dating back to the night in 1815 when he first slept in the “free air” of the garden — Maximilian was forced to sell the property to the city of Frankfurt for just 610,000 reichsmarks (less tax). In the aftermath of Kristallnacht he was also obliged to sell his art collection to the city for 2.3 million reichsmarks (again less tax) and to donate a further 25 percent of his remaining assets to the Reich as an “atonement payment”…

… Discovered, was no longer the Vienna house by the Alliance. In addition, the Witkowitz board had safeguarded against sequestration the company’s stake in the Swedish Freya ore mines as well as £200,000 in foreign currency. Louis [Nathaniel de Rothschild of Austria] therefore had a real bargaining position. When Himmler sought to ingratiate himself by sending some ornate French furniture to the prison, he was able to send it away complaining that it made his cell look like a “Cracow Bordello.” Although Louis had to hand over most of his Austrian assets to secure his own release, the family was able to insist that a price be paid for Witkowitz (albeit a discounted price). But such legal niceties were ultimately bound to be swept aside by Nazi force majeure. Eugene’s hopes of selling the ironworks to the Czechoslovak state for £10 million were dashed when Hitler bullied the Prague government into accepting partition in March 1939. With the works effectively under German control, Goring’s Commissioner Hans Kehrl, Rasche and Paul Pleiger (the Reichswerke’s general director). At the same time Fritz Kranefuss — Himmler’s adjutant and a supervisory board member of the Dresdner bank — informed Rasche on the basis of Sicherheitsdienst intelligence that the transfer abroad of the ownership of Witkowitz had been illegal under currency laws. Finally, in July 1939, it was agreed to sell the plant for £2.9 million. However, the outbreak of war gave the Germans the perfect excuse not to pay. As a result, Witkowitz joined the lengthening list of Rothschild properties confiscated without compensation by the Nazi regime. In January 1941 Goring was able to take the process a step further when 43,300 Witkowitz shares were seized from the vaults of the Paris house (though even this did not give him a technical controlling interest). (It was not until 1953 that the communist government established in Czechoslovakia in 1948 finally paid compensation to the Rothschilds — amounting to £1 millon — for the works.) Yet it was not their industrial investments which Hitler and his lackeys really coveted so much as their investments in art — the Old Masters, the Sevres, the Louis Quinze bureaus — which were the most dazzling fruits of the family’s financial success. In fleeing Austria, Alphonse had left behind one of the great European private collections; and attempts to buy it by Lord Duveen (possibly bidding on behalf of the original owners) were in vain. For the acquisition of so many old masters had given Hitler the idea of establishing a new German gallery at Linz, to give the Reich its Louvre. In 1939 he authorized Hans Posse to begin work on the project, putting the best works seized from Austrian Jews into a “Fuhrer reserve” for this purpose. …

Up until the outbreak of war in 1939, the corollary of the expropriation of the Jews was their emigration from German territory. (It was significant in this respect that the Rothschild palace in the Prinz Eugenstrasse was occupied by Adolf Eichmann’s Central Office for Jewish Emigration, which worked closely with Rafelsberger’s Asset Transactions Office.) Naturally many (though not all) German and Austrian Jews wanted to get out, while the Nazis had no objection to their leaving, provided they could be mulcted in the process. Leading German Jewish bankers — notably Max Warburg — saw little alternative but to facilitate this process. However, for Jews like the Rothschilds who remained outside the area of German control, this created a number of acute dilemmas. …

The only logical solution was therefore to find some alternative territory for the Jews to go to. The Nazis themselves thought of Madagascar. Interestingly, Guy Burgess’s first assignment (when he was still a freelance intelligence agent) from MI6′s D section was — as he faithfully reported to Moscow in December 1938 — “to activate Lord Rothschild” in an attempt to “split the Jewish movement” and “create an opposition to Zionism and Dr Weitzmann [sic].” At around the same time, the Paris house [of the Rothschild family] forwarded to New Court a proposal to purchase 200,000 acres of Brazil’s Mato Grosso “for colonisation purposes”; and another to settle Jews in Sudan’s Upper Nile Valley between Malakhal and Bor — supposedly “a huge territory … with no population and where Jews might organize themselves an important colony.” Kenya, Northern Rhodesia and Guiana were also considered. Only at the eleventh hour, it seems, did the Rothschilds recognize the need to admit refugees into Britain and France. In March 1939 Edouard’s wife Germaine turned an old house at the edge of the Ferrieres estate into a hostel for around 150 refugee children. After the German invasion they were evacuated south and later dispersed, some escaping to the United States. …

By 1939, of course, numerous members of the Rothschild family were themselves refugees. The German invasion of France in May 1940 increased their number substantially. Even before the fall of Paris, Robert had already reached the safety of Montreal, taking with him his wife Nelly and daughters Diane and Cecile. It was not until July, however, that his cousin and senior partner Edouard — now in his seventies — opted to leave France, finally reaching the United States after a circuitous journey through Spain and Portugal. (He too was accompanied by his wife Germaine and daughter Bethsabee, his eldest daughter Jacqueline having already settled in America with her second husband.) Their former partner Maurice also ended up in Canada, while his ex-wife Noemie and son Edmond took refuge at the estate at Pregny. The other French Rothschild of that generation, Henri, was already resident in Portugal. Finally, Alain’s pregnant wife reached the US via Spain and Brazil, while Guy’s wife Alix took the route through Argentina, though she later rejoined her husband.

… Occupied France to confiscate “possessions of the Palais Rothschild,” including any which had been handed over to the French state. The following month, the Germans ordered that administrators be put in charge of the Jewish firms. The Luftwaffe and later a German general occupied the Rothschild house at 23 avenue de Marigny.

Yet the Germans soon found themselves in competition with the puppet Vichy regime they themselves had called into being. Even before Keitel’s order, the Petain regime issued a decree which declared that all Frenchman who had left mainland France after May 10 had “removed themselves from the responsibilities and duties of members of the national community.” Accordingly, their assets were to be confiscated and sold, the proceeds going to the Vichy state. This was explicitly applied to Edouard, Robert and Henri.Soon after this, Petain laid claim to the Rothschild offices in the rue Laffitte for a government welfare agency and showed every sign of intending to treat other buildings belonging to the family in a similar fashion, putting them all in the hands of a new Public Property Office.

In some ways, it made little difference to the Rothschilds whether it was the Germans or the Vichy regime which stole their property. The latter was motivated by anti-Semitism too, as evidenced by the decrees Petain issued on October 3, 1940 and June 2, 1941, which drastically restricted the rights of French Jews, and the constant vitriolic attacks on the Rothschilds in pro-German papers likePartis-Soir and Au Pilori. Nor can it be seriously argued that Vichy officials were somehow more lenient in their treatment of Rothschild property than the Germans would have been. Maurice Janicot, who ran Petain’s Public Property Office, is said to have prevented the Germans from clearing the cellars of Lafite, for example; but a lack of buyers seems the most likely explanation for his failure to sell Elie’s Neuilly stable of horses, Alain’s house on the rue du Cirque and Miriam’s houses in Boulogne and Paris. As can be seen from his statement to German authorities in May 1941 — to the effect that de Rothschild Freres now belonged to the Vichy state — the aim was to pre-empt the Germans, not to protect the Rothschilds. The attempt by Petain’s Commissariat for the Jewish Questions to convert the Institut de biologie physico-chimique founded by Edmond in 1927 into a laboratory for the eugenicist Alex Carrel says much about the fundamental compatibility of Vichy and the Third Reich.

… If Hitler had successfully launched “Operation Sealion” in the summer of 1940, when Britain was at her most vulerable, a similar fate might have befallen the English Rothschilds and their remaining private collections — a worse fate probably, as the invasion of Britain would have made the ultimate defeat of Germany infinitately harder to achieve.

The fact that the Nazis seized and dismantled Rothschild assets and interests in Germany, France and Austria (which became part of the Third Reich after 1938′s Anschluss), as well as arrested Austrian-Jewish banking kingpin Louis von Rothschild, is not in question, despite what suspicious internet characters try to propagate. The oft-repeated claim that Hitler “didn’t go after the Rothschilds” or “left the Rothschilds alone” is, as you have just witnessed, a barefaced falsehood perpetrated by, what can only amount to, Jewish disinformation agents.

A brief biography of Louis von Rothschild (1882-1955), states:

“The collapse of the Creditanstalt in 1931 had an impact across Europe and caused death of a bank. Only action of the Paris and London Rothschild banks could collapse the Vienna Rothschild bank is prevented. A foreign creditor Cttee led by Lionel Rothschild / London and Lord Kindersley, the bank finally restored. But only a few years later came the final blow: 1938 Louis was arrested by the Nazis and held for a year in jail until the complicated negotiations over his release were completed. Rothschild was allowed to leave the country only if he renounced all Austrian possessions. A truly princely ransom. The war effort Vítkovice plant, which provided 30% of crude steel, 30% coal and 40% of the pig iron was in Austria, but was previously transferred to an English company, so that the Nazis could not confiscate the works simply. It was not until after the outbreak of the war Goering took over the works. (After the war, the Czech Communists confiscated the work and paid the Rothschilds in 1953, a compensation) The vast art collections (several 1000 objects) of the Rothschilds were also seized. This ended the presence of the Rothschilds on Austrian soil. The childless Louis went into exile in the United States.

The modern-day Rothschilds themselves are still kvetching about it on their website:

“The crash of 1929 brought problems, not least in Austria where Louis von Rothschild struggled hard to shore up the Creditanstalt, Austria’s largest bank, to prevent collapse. Less than a decade later a darker tide arrived; the Austrian Rothschilds’ interests were seized in 1938 by the Nazis, bringing to an end more than a century at the heart of middle European banking. In France and Austria, the family was scattered for the duration of the war.

 

Several New York Times articles also refer to this event:

“… The [Austrian Rothschild] family’s holdings were seized by the Nazis during the German Anschluss in 1938. [. . .] Their holdings had been vastly reduced, in part because of wartime destruction by the Nazis….” (“At $90 Million, Rothschild Sale Exceeds Goals.” New York Times. July 09, 1999.)

“A year after the Austrian Government agreed to return about $40 million worth of art and objects that the Nazis confiscated from the Austrian branch of the Rothschild family, members of the 256-year-old banking dynasty have decided to sell the collection.” (“Austrian Rothschilds Decide to Sell; Sotheby’s in London Will Auction $40 Million in Art Seized by Nazis.” New York Times. April 10, 1999.)

The only people in the world who foolishly allege that this didn’t happen are the lying anti-Hitler fetishists of the David Icke persuasion who dismiss and try to cast doubt upon anything and everything that doesn’t coincide with their kosher-approved “theories.” These buffoons are harboring a subversive pro-Jewish agenda. They aim at casting aspersions upon anyone who resists Jewry in word and deed, as Hitler and the National Socialists did so efficiently and courageously.

In 1940, Reich Propaganda Minister Joseph Goebbels commissioned the production of a film exposing the criminal historical machinations of the Rothschild family entitled,The Rothschilds: Shares in Waterloo. It was the first of three counter-semitic movies made in 1940 by the Nazi regime. The film provided a historical account of the Rothschild family’s rise to fortune, set mostly in Britain during the Napoleonic wars. An indictment of Jewish intrigue and avarice, the film aimed at illustrating the “Judafication” of British society at the hands of the Rothschilds, demonstrating that the Britons had become “the Jews among Aryans.”

All of this, of course, flies in the face of the slanderous disinfo-peddlers who chant the mindless slogan: “Hitler was a Rothschild agent!” These deranged cretins will continue to infect the internet with their poisonous propaganda against Hitler and National Socialism. The crypto-Jews masquerading as “anti-Zionists” who voraciously propagate these pernicious lies about Hitler seek to demoralize us by denigrating the solutions that solved the Jewish problem in the past, and by doing so aim at derailing any future resistance to Jewry. These rotten snakes hope to smash the resolve and will power that heroic figures like Adolf Hitler and Joseph Goebbels inspire in modern-day resistors of Jewish tyranny.

As the fearless truth martyr Joseph Goebbels said in 1945: “There will come a day, when all the lies will collapse under their own weight, and truth will again triumph.”  

Sieg Heil! Heil HiTILA! Heil HiTila! Heil HiTila!!!  NOTHING CAN STOP THE TRUTH ONCE THE IRON OF TRUTH STARTS CRASHING DOWN!!!!!  Sieg Heil my Comrades of TRUTH!