Wells Fargo Crashes After Fed’s Shocking Crackdown Bans Bank From Growing

Is this what a “soft nationalization” looks like?

Wells Fargo may be Warren Buffett’s favorite bank, but the endorsement of America’s favorite benevolent plutocrat hasn’t spared it from an unusually severe punishment: two hours after markets closed on Janet Yellen’s last day in office, the Fed announced unexpectedly harsh sanctions against Wells for a host of consumer and oversight abuses dating back to its infamous cross-selling scandal, barring the bank from growing until it fixes its criminal culture.

In a late Friday press release – one which is certain to exacerbate today’s selloff when markets reopen on Monday- the Fed said it would bar Wells from expanding its assets beyond their end-2017 level until it “sufficiently improves its governance and controls.”…. more


Thieves are stealing your cell phone number to take your money


DENVER – In less than 15 minutes, my dad had his cell phone number stolen from him and had his bank account hacked into, all while he watched as his email alert him every step of the way.

It appears that his T-Mobile cell phone number was used against him, ported to an account with Metro PCS, and then used to allow a thief to gain access to his online bank account.

“I was on the phone with Wells Fargo as the money was being transferred,” my dad Mike Zelinger said. “As I was waiting, I was receiving emails from Wells Fargo saying that this has been completed, and your transfer has been completed.”

What my dad is going through does not appear to be isolated. Customers have complained on Twitter and Reddit about their phone number being ported elsewhere and then used to gain access to bank accounts…. more

Report: Hackers Can Use Google Search Engine Results to Get into Your Bank Account

Hackers are reportedly using a new form of malware that targets unsuspecting victims’ bank accounts by placing malicious links into Google’s search engine results.

A report from the Cisco-owned cyber threat intelligence group Talos says that there is a new form of malware called Zeus Panda that uses search engine optimization (SEO) to push malicious links advertising fake banks to the top of search results in the hopes that victims will click on them.

“[It’s] a clever way … to serve malicious files,” a spokesperson for the internet security firm Avast told Fox News. “Although it’s not completely new, it’s rarely seen as a mechanism of spreading malware such as banking Trojans.”… read more

“Guilty, But Not Punished”: Another Banking Criminal Let Off The Hook

It is a verdict which we see over and over when it comes to the crimes of the Big Banks, the central banks, and their minions. These felons are caught committing serious offenses, again and again, yet receive either no punishment, or at worst some token slap on the wrist.

The banking felon to escape punishment this time is IMF criminal, Christine LaGarde. LaGarde’s criminal conviction came while she was still France’s Finance Minister. It involved a $400 million government pay-out authorized by LaGarde, against the advice of several other Finance Ministry officials, to “French tycoon” Bernard Tapie. LaGarde announced she wouldn’t appeal being let off the hook for her crime. How magnanimous.

Of course the phrase “French tycoon” is just a Corporate media euphemism for French oligarch, Bernard Tapie. LaGarde funneled $400 million of government money – the People’s money — into this oligarch’s pockets, against the advice of Ministry colleagues, in what was officially ruled “a misuse of public funds”. Even with the watered-down charge of negligence, LaGarde’s crime could have carried a penalty of up to one year in prison.

The problem is that it would be difficult for LaGarde to continue to serve her oligarch Masters – in her new role as head of the IMF – from inside a prison cell. So she was given a pat on the head and told to go back to work. Indeed, one has to wonder if LaGarde’s reward for enriching Bernard Tapie (even further) with public money was her prestigious appointment at the IMF?… [read more]

British Bank Drops RT News Without Warning or Notice, WHY?

RT: NatWest to close Russian channel’s UK bank accounts

In this grab from RT's live broadcast, the Kremlin-backed channel says its accounts have been frozen by NatWestNatWest bank is to close the accounts of Russia’s state-run broadcaster, RT.
Editor-in-chief Margarita Simonyan tweeted: “They’ve closed our accounts in Britain. All our accounts. ‘The decision is not subject to review.’ Praise be to freedom of speech!”

The bank said the decision was “not taken lightly” and that the accounts were “still operative” at present. An MP from Russia’s ruling party has said its parliament will demand an explanation from the UK.

RT says the entire Royal Bank of Scotland (RBS) Group, of which NatWest is part, is refusing to provide its services…. [read more]

Bank didn’t decide to close RT accounts in Britain on its own – Lavrov

Russian Foreign Minister Sergei Lavrov © Grigoriy Sisoev
The decision by a majority-British government-owned bank to stop servicing RT UK’s accounts could not have been taken by the institution independently, Russia’s foreign minister says. The British government denies any involvement in the situation.
NatWest bank, part of the Royal Bank of Scotland Group, informed that it intends to stop servicing RT UK and that the decision was not subject to discussion. Commenting on the accounts closure on Tuesday, Sergey Lavrov insisted that the decision had not been taken by the bank independently.

“It’s as clear as day that this decision was not made by the bank. And not any other bank – banks don’t make such decisions on their own,” he said. “I believe an old saying is appropriate here: don’t treat others the way you don’t wish to be treated yourself.”…. [read more]


British Bank Abruptly Drops Russian Network RT’s Accounts

MOSCOW — Russia’s main English-language satellite network complained on Monday that its British bank was abruptly closing its accounts. The network, which reported on the decision, called it a British-government-sanctioned attempt to interfere with freedom of speech.

It was the latest controversy for the network, RT, originally and still commonly known as Russia Today. The broadcaster presents itself as an alternative to the Western media, but critics call it a Kremlin-financed mouthpiece that seeks to create an alternative to reality….. [read more]

MOVE DOWN “Beyond that, he said, the bank may be following a lead, either directly or indirectly, from the United States, which has been weighing its response to Russian hacking of American computers and servers. The bank’s action could be a kind of “veiled sanction,” he said, aimed at “trying to convey to the propaganda sources that they are increasingly finding their life difficult in the West.”

lhwm notes: What did OBAMA just do to America – FREEDOM IS NOW OFFLINE: OBAMA SUCCESSFULLY GIVES THE INTERNET AWAY TO MULTINATIONAL GLOBAL ENTITIES. Get prepared! They are wanting the TRUTH to be eradicated and begin to feed us all LIES. Better believe this is going to happen here. If it affected RT this much then be prepared because it is coming here.


Putin vs the West: Now Russia accuses US of hostile ‘scorched earth policy’ towards Moscow

Vlad BarackAccording to the Kremlin’s Foreign Ministry spokesperson, Maria Zakharova, the US has been refusing to release cash from the International Monetary Fund and the World Bank for international projects in Russia.

Zakharova labelled the policy “very dangerous” for relations between the two countries. She said: “There is growing perception that the outgoing US administration applies ‘scorched earth’ policy in bilateral relations. “This is a dangerous policy which is fraught with negative consequences for international stability. That will not lead to anything good.”…. [read more]

Germany To Cut Off Welfare Benefits For EU Citizens

Image result for germanyIn what may be the latest indication that Merkel’s immigration policy blowback is being heard by the government, Germany’s Handelsblatt reports that Merkel’s government plans to prohibit foreign E.U. citizens from receiving welfare benefits for five years if they haven’t worked in Germany before.

Labor Minister Andrea Nahles, a center-left Social Democrat, introduced a corresponding draft measure during a cabinet meeting of Chancellor Angela Merkel’s coalition government on Wednesday, according to the news agency Reuters. Under the draft law, E.U. citizens can claim one-time assistance for the period of a month to pay for food and shelter. They can also receive a loan to cover the cost of the trip back to their home country if they fail to find work.

Nahles is seeking to close a loophole which arose from a ruling by the Federal Social Court in 2015. The court ruled that unemployed E.U. citizens have a right to welfare benefits after six months. Ms. Nahles said in the daily Frankfurter Allgemeine Zeitung on Wednesday that the “free movement of labor doesn’t mean one can claim German welfare benefits after a short stay without working.” She called for a legal framework within the European Union to coordinate member states social welfare systems to prevent people from making unjustified claims….. [read more]

lhwm notes: Any leader in America wise enough to learn from Europe, Germany?

Fed Spooks Markets: Biggest Stock Slump In 7 Months

spookForbes: “Stocks sold off hard on Friday after the Fed’s Rosengren, who’s been dovish, changed his stance and made the case for a rate hike at the September meeting.

It’s not just the Fed that spooked markets but nearly every other major central bank in the world has disappointed investors since the Fed’s Jackson Hole symposium.

On Thursday, the European Central Bank (ECB) held rates steady and did not extend or increase QE. The Bank of Japan (BOJ) didn’t announce more “easy money” and that disappointed the market. The Bank of Canada (BOC) held rates steady and we can go on but we trust our point is made. Remember, central banks are still printing nearly $200 billion dollars every month to juice markets. Eventually, this big experiment will not end well.”…. [read more]

Opinion by BIBLE PROPHECY TRACKER: Notice the last two paragraphs: Fed, ECB, BOJ and BOC are central bankers. The markets no longer work on fundamentals, they are controlled by bankers and have been for almost a decade.

We have been warning about Keynesian central bankers for years. The stimulus packages they keep trying are experimental. Translation: They have no idea what they are doing and so far the only thing they’ve accomplished is to create ultra wealth for the ultra wealthy.

“Do not harm the oil and wine” Rev.6:6. In ancient times, only the rich could afford oil and wine. John’s prophecy is that when the big financial collapse comes, the rich will be the last to feel it. And that is coming true right before our eyes.

The economy has been in a slump since 2007, except for the very wealthy.

The ultra-rich do not earn W-2 income, but they do earn dividends and capital gains that are taxed at much lower rates. Obama and Hillary’s mantra that they will tax the rich to solve economic problems is a lie. The rich, according to prophecy, will keep getting richer.

The middle class and poor will keep getting poorer. That is the plan.

The reason the central bankers want to raise interest rates is because if/when a recession hits, they will need to lower rates to stimulate the economy.

None of it will work.

When the rapture occurs, the economic shock will be enough to collapse the global economy. Until then strap yourselves in – it will get bumpy.