Iran has pulled its Assets  out of European banks . In my view this is due to certain European countries on Bush instructions ,  started war preparations  for seizing Iranians assets.Especially, like as  in  before the  war on Iraq . Billions of Iraqi assets were impounded and stolen by the U$  have simply "disappeared".Of course the yanks complain it all disappeared into their corrupt Iraqi  puppet partners hands and that  they themselves have clean hands .

Most banks in the world today are effectively bankrupt ,playing pass the parcel with their debts and slight of hand swaps with the  dud bonds now on  their books that  they had Guaranteed  AAA..

They are desperately trying to rebuild a capital base  by swapping these dud bonds with bonds with real value  from the cental banks so as to desperately  try and keep functioning and to  trade themselves out of trouble as their old capital base was  destroyed.

Governor General of Australia

The Hon Major General Michael Jeffery
AC CVO MC

Just how dislocated are the share markets  from what is  happening in the world financial system?

Are the fundamentals really sound .

Link to a short activist video exploring from a unique perspective the debate about the North American Union, the Amero and the Gov/Corp New World Order agenda for a One World Government and currency. This film is in kinship with Zeitgeist Addendum, which features United Nature's friends Jacque Fresco and Roxanne Meadows of the Venus Project, one of the Revolution's Solutions. The Revolution is Now!

Fed ,has arranged a  bail out with a still secret-unknown - amount of cash handed over to other bankers to play with. It appears to be an open cheque on the Fed.

 As in England with Northern Rock big losses are socialised, to be paid for by taxpayers. Australian banks next?

The big banks are socialising their losses so that taxpayers pay.  That’s  capitalism!  Nothern Rock may be nationalised.

Well they can not expect a bail out from the likes of other essentially bankrupt big banks like Citibank can they?

According to my sources, Malcolm Turnbull has repeatedly refused to meet with a constituent whose wife had fallen into a coma after the shocking behavior of the deregulated banking system.  Geoff Dwyer’s wife died 18 months ago after 17 years in a coma. The Dwyers had been caught up in the bank fraud known as Foreign Currency Loans that has destroyed many lives and healthy businesses since the 80’s.