IMF Endorses Bulgaria Banking, Then The Whole Thing Collapses? Don't Worry, Just A Coincidence....

Please note: These are all independent stories that have nothing whatsoever to do with each other. The fact that they’re all about the same country and its financial system is just a… a… coincidence. Please remember that, because we don’t want to cause an unnecessary run on tinfoil. Thank you.

Perhaps you’ve heard about recent troubles in Bulgaria. Strange text messages flooded inboxes and cell phones, telling them to take their money out of the banks immediately, and… they did, causing a major crisis that “forced” the government to take over the banks.

http://www.bloomberg.com/news/2014-07-04/bulgarian-leader-rues-confidence-crisis-after-bank-runs.html

http://www.cnbc.com/id/101815736

What you might not know is that only two weeks earlier–in mid-June–the International Monetary Fund put out a press release saying how incredibly dandy the financial situation in Bulgaria was, and that its banks were “stable and liquid.” In fact, an EU Commission went so far as to say, “the Bulgarian banking system is well-capitalized and has high levels of liquidity compared to its peers in other member states.”

http://www.imf.org/external/np/sec/pr/2014/pr14278.htm

Did you hear that? Bulgaria’s banks were better than its peers across Europe. So what in the heck could have changed between when the IMF made its announcements, and the moment when people were lined up in the streets two weeks later to get their money?

After all, the future looks bright for what has been the poorest country in Europe, thanks to plans for a major new pipeline called “South Stream” which is slated to bring jobs and lots of ongoing revenue to the region.

http://en.wikipedia.org/wiki/South_Stream

What could be the problem lurking behind the scenes? Oh, did I mention the proposed pipeline originates in Vladimir Putin’s Russia, and is designed to circumvent attempts by certain western energy powers to keep ol’ Vlady in his place?

Those powers even got Europe to express its disapproval for the venture recently, and in many places work on the pipeline has been halted.

http://abcnews.go.com/International/wireStory/bulgaria-russia-push-pipeline-24450944

Of course, we all know it would be conspiratorial nonsense to suggest that angelic western powers would ever do anything to interfere with people’s economic freedoms, and/or to collapse a nation’s banking system for attempting to do things said powers don’t approve. No, there you go connecting those dots I warned you about. Stop it!

One more thing: If the IMF or any other major banking concern (like the Federal Reserve) makes a big show of saying how “stable and liquid” banks are in the United States… it might be a good idea to head on down to your local branch and make a withdrawal. Immediately. 

Read the original post HERE:  http://watchmanbroadcast.blogspot.com/2014/07/imf-endorses-bulgaria-bankingthen-whole.html