Babylon introduces Negative Interest rates - Revamp Your Mind Revamp Your Mind
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Babylon introduces Negative Interest rates

Mystery Babylon and the Harlot of Harlots are falling, the big signs have been the massive printing of money, but now as the problems escalate, negative interest rates are on the way

Swiss Central Bank Begins NEGATIVE Interest Rates! Economic Collapse Escalates!
Submitted by IWB, on December 21st, 2014

 

Looking at this now on the 22nd January 2015, this was the warning that Swiss Bank was going to unpeg the frank.

This Hideous Beast

of Daniel struck again so lets look at the scripture again Daniel 7 v 7

7 After this I saw in the night visions, and behold, a fourth beast, terrifying and dreadful and exceedingly strong. It had great iron teeth; it devoured and broke in pieces and stamped what was left with its feet. It was different from all the beasts that were before it, and it had ten horns. 8 I considered the horns, and behold, there came up among them another horn, a little one, before which three of the first horns were plucked up by the roots. And behold, in this horn were eyes like the eyes of a man, and a mouth speaking great things.

Ever since 1694 we have been in the time of this 4th beast.  This hideous beast destroys other banks, countries, company’s and people. The Harlot that sits on this beast is the Bank of England.  The First beast of Revelation is the Prince of Wales. And that first beast was around from the days of Edward of Woodstock in the 1100’s AD.

So the swiss un-pegged the frank from the Euro beast and bingo rises 40 odd percent in 90 second in those 90 seconds interestedly when a fire is in side a cabin you only have 90 seconds to escape, so in 90 seconds, Billion’s were made for this hideous Beast the financial sector the Prince of Wales the Second Beast the Rothschilds and what happen to one fund alone and there many was a 830 million dollar fund lost all its money 830 million in 90 seconds, hurting thousands of people in one go and all in 90 seconds.

90 seconds

Lets look at the number 90 seconds,  60 seconds + 30 seconds convert that to degrees and you have 360 degrees and 180 degrees.  or 180 +180+180 drop the zero and then you have 18+18+18 break that down and you have (6+6+6)+(6+6+6)+(6+6+6).

There you have it 666 3 times!  Fair enough to say that God was not happy about that 90 seconds.

great iron teeth; it devoured and broke in pieces and stamped what was left with its feet.  

Lets see where those Iron teeth come from, plenty of Iron as fences on the streets of London. but lets look in the Great Tower of London, see what is in there.

Dragon in tower of london

Found them in the Dragon in the Tower of London!

 So where are these iron teeth, how about the Gold room inside the Harlot herself in London’s Bank of England.  Iron Shelves stacked on Iron like legs (teeth) with the filling’s cavities filled with Gold.

BankOfEngland

 The ones it stomped on is the people who lost their money entrusted to managed funds and now they do not have their money and so the financial system won they lost and now they have not and therefore their financial’s just took a hiding for the worst, their life style damaged and when they run out, and cannot pay the get stomped on and thrown out in the street to die like millions do these days world wide.

Lets’ read about the damage this hideous beast did a few days ago

 

by http://www.zerohedge.com/news/2015-01-17/everest-macro-hedge-fund-blows-after-nearly-1-billion-swiss-franc-losses

Yesterday, when we got the first news of huge P&L losses at various publicly-traded banks not to mention the collapse of several retail brokers culminating with the bailout of FXCM by Jefferies, we reminded that seconds after the SNB shocker, we tweeted what was quite obvious to anyone who realized that speculators were most short the CHF since the summer of 2013:

We also added that “We have yet to find out just which hedge funds were blown up yesterday”, for the simple reason that unlike public banks who have an obligation to reveal news, especially bad, to their shareholders, hedge funds PMs hope to avoid the LP firing squad until the last second. Alas, there is only so long that the day of reckoning can be delayed.

One such fund is the Everest Capital Global macro fund, which went from just shy of a billion to zero in milliseconds as a result of a near wipe out due to a massive CHF-short position. Bloomberg reports:

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Everest Capital’s Global Fund had about $830 million in assets as of the end of December, according to a client report. The Miami-based firm, which specializes in emerging markets, still manages seven funds with about $2.2 billion in assets. The global fund, the firm’s oldest, was betting the Swiss franc would decline, said the person, who asked not to be named because the information is private.

Everest grew to $2.7 billion by the start of 1998 after navigating crises in Mexico and Southeast Asia. Russia’s default and currency devaluation proved trickier and assets fell by half amid losses. He revived the firm and a decade later Everest managed $3 billion. Then the global financial crisis hit, and assets shrunk by $1 billion.

Last year, the main fund rose 14.1 percent, driven by Chinese equities and bets against currencies, including a wager that the Swiss franc would fall after citizens rejected a referendum that would require the central bank to hold at least 20 percent of its assets in gold, the investor report said.
In other words, Dimitrijevic survived the vagaries of extremely volatile markets for over 15 years, and even flourished, yet all it took to destroy him was one decision by a conference room full of central-planners who were confident they knew better than the market for the second time in 3.5 years. Ironic.

One thing is certain: it is not just the former Yugoslav who feels as if he has fallen off the top of Everest this weekend, many other funds are too. Here is who else has been named so far according to the WSJ:

Other hedge funds that have suffered amid the Swiss turmoil, according to people familiar with the situation, are Discovery Capital Management LLC, a South Norwalk, Conn. firm that manages $14.7 billion, and Comac Capital LLP, which oversees $1.2 billion in London.
Expect to learn of more casualties from the historic move in the coming days, and certainly once other banks follow in the footsteps of the Swiss central bank, and like the Pied Piper, lead all those “sophisticated investors” who were merely frontrunning and trading alongside central banks on massive leverage pretending they were generating alpha, right off the edge of the cliff.

The executives

The executives of these fund still get paid or go to another fund, and then their clients take another hit and then another hit, while these people bet with other peoples monies and not using the most basic of common-sense and that is, never let one take bankrupt you or the fund its in!

Every leveraged position this Everest fund had should have been no higher than 2% of the total of the fund, if this was the case then they would have lost 10-20% only of the fund and not 100%. They would be in business with this fund and although client might be a bit upset they would have been a lot more upset with a 100% loss.

You see 10% was all it took to blow this fund up.  10% 83 million trade, times that by 5 to 10 and in this case 10 = 830 Million bingo bang the fund is gone.  Billions this hideous beast took from the people and he and the other Elite all ready have trillions!  yet as the bible says Greed, Death and Hell are never full!

So much for top level executives – useless!  Don’t use them do it your self and learn, instead of you paying for their learning – Do it your self, the parable of the master and talents!

Why because you will never have it looked after by them as good as you will look after it yourself.

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