Austrian finance minister battles to regain control of national bank before meltdown


One of the most important steps to avert the financial and economic collapse of Austria is to wrest back control of  the Austrian national bank (OeNB) from the international bankers, and right now in Austria a fight over the OeNB seems to be escalating.

Austrian ÖVP Finance Minister Maria Fekter appears to be trying to grab back control of the bank from the Globalist bankers before the eurozone – and Austria – undergoes a financial meltdown with Spain now in the firing line – but she is meeting tough resistance.

Responsible for issuing currency, setting interest rates and determining whether banks can obtain liquidty, the OeNB will play a pivotal role in dedicing whether the population of Austria undergoes a massive impoverishment – or not.

The OeNB appears currently to be following the Globalist agenda, promoting eurobonds and liquidity policies potentially facilitating a bank collapse and economic devastation.

At the heart of the international banker power structure is SPÖ national bank board member Werner Muhm, called the „shadow chancellor“ because of his enormous influence over monetary and financial policy. Muhm is a key advisor of Bilderberg Globalist puppet Werner Faymann who has been promoting eurobonds, putting him in conflict with Fekter.

http://www.boerse-express.com/pages/1252929

Fekter blocked the reappointment of SPÖ Werner Muhm to the board of the National Bank, triggering  major infighting.

http://kurier.at/nachrichten/4498399-leitl-widerspricht-fekter-muhm-bleibt.php

A „champagne socialist“ like Faymann – and health minister Alois Stöger of the deadly pandemic vaccien fame — Muhm may be formally the „worker’s „representative on the national bank. The fact is, he is willing to betray the interest of the people who vote for him to promote the interests of the ultra rich.

That explains why one of Muhm’s most vociferous backers is Christoph Leitl the head Economics Chamber.

http://kurier.at/nachrichten/4498399-leitl-widerspricht-fekter-muhm-bleibt.php

Faymann was one of the few politicians to attend the annual Bilderberg meeting of the Global elite in Virginia, USA,  last week.

Also attending as one of dozens of top bankers was Willibald Cemko, the head of Unicredit Bank Austria.

Days after the Bilderberg meeting finished, the international bankers appear to have launched a new attack on the financial stability of Austria, using Cemko’s Unicredit Bank Austria and Raiffeisen as pawns.

 

On Wednesday, Moody’s downgraded the credit ratings of two Austrian banks, Unicredit Bank Austria and Raiffeisen Bank, by one notch while cutting two notches off the credit rating of Die Erste, bringing them to closer to the edge of collapse.

http://www.boerse-express.com/pages/1252929

The downgrade comes just after Fekter refused to renew the mandate of Muhm and appears to have also conducted a spring cleaning of her cabinet, removing Raiffeisen advisors. The downgrade could be interpreted as a punishment for reducing the influence of commerical banks on the finance ministry.

Finance Ministry adviseor Michael Höllerer, a key player, in the bankster bailout scam has returned to Raiffeisen bank, potentially clearing the way for a new approach to dealing with the banksters.

http://diepresse.com/home/wirtschaft/economist/762590/Raiffeisen-holt-sich-Fekters-Bankenexperten?_vl_backlink=/home/wirtschaft/economist/index.do

History has shown us that the international bank cartel will go to great lenghts to protect their right to issue currency as a private debt-based money system, set interest rates and determine liquidity because these are the lifeblood of any economy and the source of wealth, including assassination.

Austrians should get behind Fekter or any one who tries to introduce sound monetary policies – or they should be ready to face total impoverishment.

Unicredit Bank Austria is a likely candidate to go bust because it is estimated to have about 40 billion in core capital in the form of doubtful Italian souvereign bonds. This move will enrich the bankers who lose no money due to the way the fractional reserve banking system works but gain assets. The impoverished people’s assets.

If the European Central Bank at some point, refuses to supply liquidity to Unicredit Bank Austria and also Raiffeisen because of ist poor credit rating, then these banks could be pushed into insolvency bringing down the banking system not just in Austria but around the world.

A national bank operating independently of the globalists and in the interests of the people could spring in and supply liquidity to the banks — as the Irish and Greek national bank have done — until steps are taken to put them through an orderly insolvency.

Also, Fekter could then have the power theoretically to allow the Austrian National Bank to put sound money in circulation.

Altough it is not entirely clear what is going on, Fekter has shown she has grasped the problem.

She has spoken out against eurobonds. She said that the European Central Bank should not operate like the Federal reserve or the Bank of England which conduct savage austerity and also print limitless amounts of money to make unaffordable interest payments on national debt to commercial banks, triggering hyperinflation and economic ruin.

http://www.businessweek.com/news/2012-06-05/austria-fekter-says-ecb-shouldnt-be-modeled-on-fed-boe

Eurobonds spell the impoverishment and it will hit the poorest Austrians on low, fixed incomes hardest.

It is in the interest of every single person in Austria for the national bank to be taken out of the control of the international banks and their puppets.

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