Showing posts with label Bank of Italy. Show all posts
Showing posts with label Bank of Italy. Show all posts

Friday, January 04, 2013

Vatican can’t take credit card payments


By : CNN





Vatican shops and museums can no longer accept card payments




If you’re planning on visiting the Vatican any time soon, take plenty of cash for tickets and souvenirs.

Vatican museums and shops have been unable to accept credit or debit card payments since Jan. 1, after the Bank of Italy prevented Deutsche Bank from providing the service due to concerns about financial oversight in the city-state, sources familiar with the matter told CNNMoney.

The world’s smallest state is home to the Pope and such popular tourist sites as St. Peter’s Basilica and the Sistine Chapel, attracting some 5 million visitors per year.

The Vatican has taken several steps in recent years to improve its record on banking supervision. But a report last year by Moneyval — an independent group of European experts — found it was still falling short of international standards to tackle money laundering and other financial crimes.

Related: Swiss bank to close after U.S. tax case

The Vatican said in a statement that an agreement with one of its contractors was about to expire. It was talking with other service providers and the interruption of service “should be short.” Neither Deutsche Bank nor the Bank of Italy issued statements.

Deutsche Bank’s Italian arm had run the payments system since 1997. It was told in 2010 by the Bank of Italy that it needed authorization, which it duly sought. The request triggered an in-depth assessment of the Vatican’s banking regulation by the Bank of Italy, the sources said.

Related: EU strikes deal to bring banks under single supervisor

The review by the central bank revealed similar concerns to the Moneyval report, and as a consequence Deutsche Bank was told in December it would not receive permission to continue arranging payments, the sources said.

Any bank with operations in Italy would run into the same problem, they added.

Vatican Museums apologized on its website for the inconvenience caused. Tickets can still be bought online using a credit or debit card, but that service will also be suspended beginning Jan. 15.


–CNN’s Richard Greene contributed to this article


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Sunday, January 15, 2012

The Jesuits Against the United States of Israel

This is an expose of the Militia of Zeus and Minerva!

The Jesuits were founded in 1540 for 1 reason: destroy the blessed Reformation. The United States of Israel was not in existence back then but we are now their FINAL TARGET.

Loyola statue in the Vatican.
Loyola statue in the Vatican.

Ignatius LIEola was co-founder of the Jesuits with Francis Borgia, the great-grandson of Pope Alexander VI.

In this statue in the Vatican, Loyola can be seen holding the Jesuit Constitutions while he tramples underfoot a Christian with a Bible . . . and a serpent!!

No one who visits the Vatican can miss the statue of LIEola.
No one who visits the Vatican can miss the statue of Loyola.

It is beyond belief that this visual aid was not removed at the beginning of the ecumenical movement in 1962!

The White Pope and the Black Pope.
The White Pope and the Black Pope.

Jesuit general Adolfo Nicolás is the successor of Ignatius Loyola.

He is the éminence grise behind White Pope Benedict XVI.

He also commands at the Pentagon.

Jesuit headquarters in Rome.
Jesuit headquarters in Rome.

Jesuit generals appoint Popes and then get rid of the uncooperative ones.... Since the official founding of the Jesuits by Pope Paul III in 1540, there has been a total of 46 White Popes and only 30 Black Popes!!

Peter de Smet was the best known U.S. Jesuit of the 19th century!!

Peter De Smet, S.J., was the best known U.S. Jesuit of the 19th century....He is little known today because his pre-1870 hatred of the U.S. is considered an anachronism due to the fact that the Jesuits desperately need the military might of the U.S. in order to recover the Pope's temporal power.

Peter De Smet (1801-1873) at age 37.
Peter De Smet (1801-1873) at age 37.

Black Robe Pierré Jean De Smet was the Jesuits' agent on the Great Plains and the Pacific Northwest.

He hated the pioneers with a passion and sought to exterminate them using his Indian "converts."

Peter De Smet in 1872.
Peter De Smet in 1872.

He traveled to Europe 19 times to seek finances but he never encouraged Latin Church members to emigrate to the U.S.

Everything changed after 1870. Before that time, in the U.S., the intelligent people knew perfectly well that Rome was just a political system disguised as a religion. Christians were doing their utmost to win the Pope's followers to Christ and the Jesuits feared losing this large source of manpower:

At this period in his life (1860), Father De Smet earnestly discouraged migration to America. As he saw the vast numbers of Catholics coming to these shores, and no possibility of supplying them with teachers, he felt that they could not long withstand the influence of Protestantism and that apostasy would exceed the number of conversions. He also advised some of his more intimate friends not to send their children here on account of the total change from the life to which they were accustomed. In Europe they were to a large degree born to their station in life. They would not work in well where boys commenced at the very foot of the ladder, doing the commonest service for the sake of getting a start. Their language would furthermore be against them until they could gain a command of English; and on the whole they would stand little show in competition with the universal adaptability of the American boy. (De Smet, Life, Letters, & Travels, pp. 116-117).

All that changed after 1870. The Fall of the Papal States and the liberation of Rome was the most earth shattering event since the blessed Reformation of 1517. The immigration floodgates opened up!

Statue of Liberty.
Statue of Liberty.

The Statue of Liberty welcoming immigrants was officially unveiled in 1886.

The Ellis Island immigrant processing station was opened in 1892.

Until its closing in 1954, over 12 million immigrants arrived in the country. Most of them were members of the Papal Church.

Ellis Island National Monument.
Ellis Island National Monument.

Most of these immigrants were in violation of the Bull of Pope Alexander VI because none of them obtained a license from the king of Spain.

On the statue is a plaque with a poem by Emma Lazarus containing these words:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!

How did these teeming millions become WRETCHED REFUSE? Obviously, they were born to their station in life and there was no possibility of any amelioration!

It is an alarming fact that 1/3 of the U.S. population can trace their ancestry to the immigrants who first arrived in America at Ellis Island before dispersing to points all over the country. Serfs for centuries, the immigrants were used to giving blind obedience to the Papacy and very few of them believed in keeping the Sabbath Day holy.

Despite the millions of immigrants, it was not enough to send Cardinal Al Smith to the White House in 1928. As revenge for that defeat, the Jesuits gave us the Great Depression and World War II.

A. P. Giannini and the Bank of Italy

Amadeo Peter Giannini—son of an Italian immigrant—was born in the fateful year of 1870. In 1885 he began his career as a fruit and vegetable commission merchant on the docks of San Francisco.

In 1904 he opened the Bank of Italy in San Francisco.

A. P. Giannini (1870-1949),
at age 30.

The juggernaut that is known today as the Bank of America got its start in San Francisco in 1904.

Founder A. P. Giannini was the son of a poor Italian immigrant who came to seek his fortune in California.

A. P. Giannini as president of the Bank of America.
A. P. Giannini as president of the Bank of America.

The California gold rush of 1849 was a magnet that attracted people from all over the world. In 1863, Luigi Giannini—father-of A. P.— left his small poverty stricken village in Italy to seek his fortune in the Golden State.

Very few struck it rich and many returned home. Those that remained behind were not given free land as in other states. The vast feudal estates from the Mexican occupation were kept intact and fell into the hands of monopolists:
Through the instrumentality of the Mexican land grants the colonial character of landownership in Spanish-California was carried over, and actually extended, after the American occupation. By the terms of the cession of California to the United States it was provided that previously issued Mexican land grants would be respected. Under Spanish rule only about thirty land grants had been made, but, in 1846, when the United States took possession, over eight million acres of California land were held by some eight hundred Mexican grantees. The connivers, Mexican and American, had rushed through huge grants on the eve of American occupation. Most of these grants were vague, running merely for so many leagues within certain natural boundaries, and, in the confusion of the period, they were imperfectly registered. Many of the grants had never been surveyed, and thus the bars were down for all manner of fraud. Speculators emerged from dusty archives with amazing documents. The grants, purporting to be conveyed by these documents, assumed all sorts of fantastic shapes - for the purpose of roping in the improvements of settlers and the best land. (McWilliams, Factories in the Field, pp. 12-13).

It seems that California was the home of illegal monopolies long before the Bank of Italy.

U.S. citizens did have something in common with the Italian immigrants. They both mistrusted banks. Giannini had a Herculean task in separating his Italians from their money:

Giannini knew from the start that persuading North Beach Italians to deposit their savings in his bank would be an uphill battle. In addition to their preference for dealing strictly in gold, most were deeply suspicious of banks and lacked confidence in the people who either owned or managed them. North Beach Italians had ample reason for their distrust of financial institutions. Back in 1878, for example, a small neighborhood bank, the French Mutual, went into bankruptcy, wiping out the hard-earned savings of scores of Italian depositors. This calamity left a deep impression on the collective memory of the community. Rather than put their trust in a bank, most North Beach residents preferred to keep their savings safely at home, where it was hoarded in cans, jars, and mattresses. (Bonadio, A. P. Giannini, Banker of America, p. 30).

Every state except California outlawed branch banking and interstate banking was strictly prohibited.

Bank of Italy, San Francisco.
Bank of Italy, San Francisco.

The Bank of Italy was determined to expand throughout California.

The first branch bank was opened in San Jose in 1909.

Everywhere it was greeted with suspicion and hostility but nothing could stop the juggernaut.

Bank of Italy, San Jose.
Bank of Italy, San Jose.

Bank employees were called "missionaries".

The same relentless spirit that drove missionary Peter De Smet now possessed Giannini:

The fear and resentment of Giannini's opposition was not difficult to understand. By the early 1920s the Bank of Italy had emerged as an immensely powerful force in the state. A crucial factor was the activity of the bank's Italian Department, which Giannini had established some years earlier and then placed under the direction of Armando Pedrini. Sharing the department's duties and responsibilities with Pedrini was Robert Paganini, a young, energetic, and demanding North Beach businessman who had owned an Italian-language newspaper in Sacramento before joining Bank of Italy. Paganini directed the activities of the department's corps of handpicked solicitors, or "missionaries" as they were called, all of them Italians, whose job was to turn every Italian resident of California into a depositor and stockholder in the Bank of Italy. (Bonadio, A. P. Giannini, Banker of America, p. 76).

By 1928 Giannini had conquered California and his next big move was to conquer Wall Street.

The Bank of Italy became the Bank of America in 1928

The Wall Street bank that Giannini chose for his takeover bid was the successor to the corrupt 1st Bank of the United States which lost its charter in 1811:

Sometime toward the end of 1927 Belden found the kind of large, well-connected bank he felt certain Giannini was looking for: the 116-year-old Bank of America, successor to the Bank of the United States, which had been founded in 1812 and later grew to financial prominence as one of the leading banks of New York. Located at 66 Wall Street, Bank of America occupied the lower five floors of its own thirty-two story, spiral-topped skyscraper that the New York Times had described as "the best known in greater New York and an architecture purely American." Although in recent years Bank of America had experienced serious losses, it was still valuable property, primarily because of its historic reputation and eight city branches with total deposits of $l00 million. (Bonadio, A. P. Giannini, Banker of America, p. 118).

The first bank of the United States was chartered by Congress in 1791. The charter was to last for 20 years.

Alexander Hamilton
(1755-1804).

Secretary of the Treasury Alexander Hamilton conned Congress and President Washington into chartering a bank modeled after the Bank of England.

The object of the bank was to bankrupt the pioneers and prevent the western expansion of the U.S.

Facade of the First Bank of the U.S. in Philadelphia.
Facade of the First Bank of the U.S. in Philadelphia.

Congress refused to renew the bank charter when it expired in 1811. The bank then changed its name to protect the guilty and became known as the Bank of America with headquarters in New York City:

One of the three other banks incorporated in 1812 was organized by the New York stockholders of the Bank of the United States who, wishing to obtain a charter under which the business of the Bank's New York office might be continued, applied for incorporation as the Bank of America. The capital would be $6,000,000, including $5,000,000 of Bank of the United States stock. It would be the largest bank in the States and a gain for New York over Philadelphia in the financial and commercial rivalry that had arisen between them. Being mainly Federalist and possessed of so much capital, the bank was sure to be opposed both by the Republicans who had a legislative majority, and by the existing banks in New York. (Hammond, Banks and Politics in America, p. 162).

War soon followed with England and President Madison renewed the bank charter in 1816.

President Andrew Jackson
President Jackson (1767 -1845).
President from 1829 to1837.

The 2nd Bank of the United States was more corrupt than its predecessor.

Nicholas Biddle was president.

President Jackson fought a titanic battle with the hyda-headed monster and finally slew it.

Jackson slaying the hydra-headed monster of the Second Bank of the United States.
Jackson slaying the hydra-headed monster of the Second Bank of the United States.

He distributed its funds to the states and thereby laid the foundation for the economic expansion of the country.

President Jackson's unflinching determination and unwavering patriotism prevailed over Biddle and his Bank. President Jackson called the Bank a monster and was determined to pull all its teeth. He said:

I am ready with the screws to draw every tooth and then the stumps.

And President Jackson did exactly as he promised. When he left office, the U.S. had a Constitutional currency consisting of silver and gold coins. Our hero called paper money "RAG MONEY" and this is what he said about it:

The paper-money system and its natural associations—monopoly and exclusive privileges—have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil.

California was the land of monopoly and exclusive privileges long before it became part of the United States so it was rich soil for the Bank of America.

Hollywood and the Bank of America

The movie industry in Hollywood actually became a branch office of the Bank of Italy a.k.a. Bank of America. Hollywood movies led the moral decline of the nation. Western movies distorted the image of the Christian pioneers and gangster movies glorified crime and corruption.

Hollywood became a branch of the Bank of America in 1930.
Hollywood became a branch of the Bank of America in 1930.

In 1930, Hollywood became a branch of the Bank of America when Giannini became a major studio financier.

Hollywood played a major rôle in the collapse of Christian morals in the U.S. and around the world.

Giannini with movie mogul Joseph Schench and director Cecil B. De Mille.
Giannini with movie mogul Joseph Schench and director Cecil B. De Mille.

Taking advantage of the Great Depression, Giannini jumped right in as a major studio financier:

With Hollywood desperately in need of financing, Giannini moved quickly to increase Bank of America's presence in an industry of enormous importance to the economic vitality of Los Angeles. As early as 1930, he authorized a loan of $3 million for two of Hollywood's most aggressive producers, Darryl F. Zanuck and Joseph Schenck, to form a new production company, which became 20th Century-Fox two years later. Schenck, who sat on Bank of America's board of directors, persuaded Giannini that Zanuck's drive and talent as a movie producer was justification enough to make loans available to him. With $400,000 in Bank of Italy money, Zanuck worked furiously to rush six films into production, including such financial successes as The Bowery, The House of Rothschild, Cardinal Richelieu, and Bulldog Drummond Strikes Back. By the end of the decade 20th Century-Fox had expanded into a $60 million studio and was turning out some of Hollywood's biggest box-office attractions. (Bonadio, A. P. Giannini, Banker of America, p. 118).

Khazar Joseph Schenck was a major movie mogul and he launched the film career of actress Marilyn Monroe.

Gone with the Wind poster.
Gone with the Wind poster.

The 1939 blockbuster movie Gone with the Wind was based on the book by Margaret Mitchell.

In the movie, the Confederates were the HEROES, while the brave Union soldiers were the VILLIANS!!

At that time, the producer had to get special permission from the censor to use the curse word DAMN in the movie!!

Giannini on the set of Gone with the Wind with Vivien Leigh.
Giannini on the set of Gone with the Wind with Vivien Leigh.

In 1939 the Bank of America panicked when a book entitled Factories in the Field was published. The book was about the exploitation of migrant farm workers, and the ownership of the mega-farms by Bank of America:

When one realizes that approximately 50 per cent of the farm lands in Central and Northern California are controlled by one institution—the Bank of America—the irony of these "embittered" farmers deeding their "homes" against strikers becomes apparent. (McWilliams, Factories in the Field, p. 233).

The 2 books were published within months of each other. Unlike Steinbeck, McWilliams was not an employee of the Bank of America.

Author Carey McWilliams (1905-1980).
Author Carey McWilliams
(1905-1980).

Lawyer Carey McWilliams was very concerned about the growth of FASCISM in California.

In 1939, he wrote a book entitled Factories in the Field about the exploitation of farm labor.

The public relations conscious Bank of America PANICKED.

Author John Steinbeck (1902-1968).
Author John Steinbeck
(1902-1968).

The bank countered by publishing a FICTION book by John Steinbeck entitled Grapes of Wrath.

Grapes of Wrath soon became a bestseller and was made into a movie in 1940. As expected, the book by Carey McWilliams was soon forgotten.

Grapes of Wrath by Steinbeck.
Grapes of Wrath by Steinbeck.

The fictional Grapes of Wrath quickly became a bestseller and was made into a movie by Darryl F. Zanuck in 1940.

As expected, Factories in the Field was forgotten.

It was a great victory for the public relations department of the Bank of America.

Grapes of Wrath starring Henry Fonda was made into a movie in 1940.
Grapes of Wrath starring Henry Fonda was made into a movie in 1940.

The list of Jesuit Bank of America produced Hollywood movies denigrating the Christian Faith is legion. We can only cover a few.

Inherit the Wind was a parody of the Biblical story of Creation.
Inherit the Wind was a parody of the Biblical story of Creation.

The 1960 hit movie Inherit the Wind was based on the 1925 Scopes "Monkey" Trial.

It ridiculed the Genesis account of creation.

The 1960 movie Elmer Gantry was about sawdust salvation or a drunken "Christian" traveling salesman who seduces a psychic female tent evangelist.

Elmer Gantry was about sex, sin, and salvation.
Elmer Gantry was about sex, sin, and salvation.

Elmer Gantry was based on a 1927 FICTION novel by Sinclair Lewis. Gantry, and ex-seminary student, becomes a skeptic when he is required to believe that Joshua made the sun stand still. At the end of the book, Gantry finds "salvation" in the Latin Church.

The Hollywood Western movies were no better. According to Hollywood, the center of town in the Old West was the SALOON . . . and not the CHURCH!

The Military-Banking Complex

In his farewell address to the U.S. people, President Eisenhower warned of the military-industrial complex. He wasn't very far off the mark and the real danger is the military-banking complex:

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. (President Eisenhower's Farewell Address).

The War of Independence with Great Britain began over the stationing of a standing army in Boston.

The giant Pentagon standing army headquarters in Washington City!!
The giant Pentagon standing army headquarters in Washington City!!

The behemoth Bank of Italy a.k.a. Bank of America has come a long way from the waterfront of San Francisco.

The Pentagon has ONE goal and that is to follow Napoleon and Hitler in the attempted conquest of Russia.

Bank of America headquarters in Charlotte, North Carolina.
Bank of America headquarters in Charlotte, North Carolina.

The restoration of the Pope's temporal power would automatically follow the conquest of Russia!!

A standing army and a banking monopoly go hand in hand. It wasn't until after the founding of the Bank of England in 1694 that Great Britain began to maintain a standing army.

The best way to beat the Pope's fanatics whether Latin or Muslim is to be always ready to die as President Lincoln advised:

But I see no other safeguard against those murderers but to be always ready to die, as Christ advises it. As we must all die sooner or later, it makes very little difference to me whether I die from a dagger plunged through my heart or from an inflammation of the lungs. (Chiniquy, Fifty Years in the Church of Rome, pp. 706-707).

This expose is continued on the Jesuit/Indian War Against the United States of Israel.


References

Bonadio, Felice A. A. P. Giannini, Banker of America. University of California Press, 1994.

De Smet, Peter. Life, letters and Travels of Father Pierre-Jean de Smet, S.J., 1801-1873.

Hammond, Bray. Banks and Politics in America from the Revolution to the Civil War. Princeton University Press. 1957.

Laveille, E, The Life of Father De Smet, S.J. Loyola University Press. Chicago, Illinois, 1981.

McWilliams, Carey,Factories in the Field. The Story of Migratory Farm Labor in California. Little, Brown & Co., Boston, 1939.

Richardson, Peter. American Prophet: The Life and Work of Carey McWilliams. University of Michigan Press. Ann Arbor, Michigan, 2005.


Copyright © 2010 by Niall Kilkenny



Source


Sunday, October 25, 2009

Global banking body may be needed-FSA

Wed Oct 14, 2009 5:37pm BST


By Huw Jones

LONDON (Reuters) - A global body with legal powers may be needed over time to enforce the world's new financial rules, the Financial Services Authority (FSA) said on Wednesday.

The FSA's newly appointed and first director of international affairs, Verena Ross, said the Financial Stability Board (FSB) was key to ensuring all gaps in regulation between securities, insurance and banking sectors were plugged.

Formerly known as the Financial Stability Forum, the FSB was expanded in April to include central bankers and finance ministry and regulatory officials from all Group of 20 (G20) countries.

The G20 has asked the body, chaired by Bank of Italy Governor Mario Draghi, to coordinate global efforts to introduce new financial rules in light of the sector's worst crisis in 70 years.

"I would advocate to make sure the FSB have a strong secretariat to support their work," Ross told a City and Financial Conference.

"The role of the FSB is crucial. We will need to make sure it is able to play its role forcefully... Success depends on real progress over the next six to 12 months," she said.

But the board has no legal teeth and there are "real questions" about whether the world can continue with such informal arrangements in the longer term, Ross said.

There may be a case for exploring the need for a more formal global regulatory framework, such as a body with legal powers of enforcement like the World Trade Organisation, Ross added.

"Any move in that long-term direction would have the FSB very firmly at the centre of that global regulatory architecture," Ross said.

Regulators need to be better at checking on the enforcement of the new rules and banks have a role in this, she said.

COST OF EXTRA CAPITAL

Banks have urged a coordinated global approach to regulation to stop some countries having an unfair advantage, especially in tougher bank and liquidity rules due to take effect by the end of 2012.

Angela Knight, chief executive of the British Bankers' Association, said it was clear the minimum 8 percent of capital banks must hold under the global Basel II accord would rise.

"The crisis has demonstrated that the Basel international capital rules were wrong. They neither judged correctly the amount of capital that was needed to be in the system nor the amount that banks needed to hold," Knight said.

Basel is being toughened up to include a leverage ratio or cap, minimum liquidity levels, capital charges on trading books and improvements in the quality of capital that must be held.

"Capital, that is the big cost. That will have the greatest consequence on how the industry will be able to perform its business," Knight said.

Banks in Britain have already doubled their capital requirements from the 8 percent Basel minimum, she added.

A proper impact assessment is therefore needed on the effect of tougher capital rules on lending and economy as well as timing of the new rules, Knight said.

FSA Chairman Adair Turner has called some banking services "socially useless," but Knight warned against using "buzzwords and catchphrases" as activities such as securitisation were being maligned even though they provided finance raising.

The securitisation market has just started to reopen after freezing during the credit crunch and must be allowed to continue reviving, she said.

Banks are also concerned about global plans for a cap on leverage, saying it should only be a backstop and not interfere with capital requirement rules for "normal business as usual."

Katharine Seal, a director at the London Investment Banking Association, said: "It's an area where an ability to be flexible is absolutely paramount."

Knight expects the European Union to beef up consumer protection, such as direct product regulation, which UK lawmakers may support.

"There is a case for looking at that issue," said John McFall, chairman of Britain's parliamentary treasury committee.

(Reporting by Huw Jones; Editing by Victoria Main)





Bolds and Highlights added.
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