Bank of France Debts Jump Tenfold on Capital Flight !

[youtube=http://www.youtube.com/watch?v=Wiqjjir7y4o]

• The Illuminist MSM is planting the meme that: “only the ECB can rescues Europe now“! This is BS. The ECB, like the FedRes, IMF, BIS, BOE … are Illuminist central banks. They create money out of thin air by simply typing in the numbers needed into their computer system. Then, they monetize ie buy, the bonds of Eurozone countries. This is simply a charade, legalized counterfeiting. The sheeple are made to pay back the debts with interest to these Illuminist banks when the money was created out of nothing in the first place. It is a SCAM ! What resources do these Illuminist banks have to save Europe? Nothing at all ! They are simply scamming the sheeple for money and when the sheeple run out of money, they create money out of thin air!
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• The Eurozone will collapse! The Illuminist plan calls for a One World Currency issued by a Global Supra-National Central Bank. Bob Chapman and Ron Paul have recently stated that the IMF will be issuing a One World Currency in conjunction with the United Nations. The plan is unfolding right before our eyes. The IMF will be the Global Supra-National Central Banks and the United Nations will be re-engineered to become the One World Government. The Luciferian New World Order is almost here!
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  Bank of France debts jump tenfold on capital flight 
  By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ 
  The Bank of France faces surging debts to Germany’s Bundesbank and fellow central banks in the EMU system as foreign investors pull large sums out of French accounts.
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  French lenders lost €100bn (£86bn) in short-term deposits in September alone, mostly due to precautionary moves by US money market funds and Asian investors afraid of France’s exposure to Italy. “There were huge net capital outflows,” said Eric Dor from the IESEG School of Management in Lille.
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  The effects of this capital flight are surfacing on the Bank of France’s books under the European Central Bank’s so-called “Target2” scheme, an ECB payment network that lets funds move automatically where needed.
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  Liabilities jumped suddenly in late July, rising from €10bn to €98bn by September. Ireland’s central bank owes €118bn, Spain’s €108bn and Italy’s €89bn.
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  The triple-trigger appears to have been a sudden drop in Club Med manufacturing orders, an ECB rate rise, and the EU’s July summit – which led to haircuts on Greek bondholders and battered faith in EMU sovereign debt. Mr Dor said there had been an exodus from distressed states into German, Dutch and Luxembourg banks. This shows up in the Target2 data.
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  … for more click here!

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