silvervigilante.com / By SV / January 30, 2013
Yesterday, Bloomberg reported on Bitcoin in an article entitled “Bitcoin’s Gains May Fuel Central Bank Concerns.” Today, CNN Money reports on a “scandal” at the oldest bank in Europe and Silver Vigilante earlier reported on the London Whale traders’ bets last Spring having been against JP Morgan itself. Yesterday and today,PayPal, the dominant online payment solution, has gone down and been crawling along since. With the heart of European banking system engulfed in controversy, PayPal showing signs for concern and Bitcoin only making positive headlines, is a new day rising?
In the longview of things, Italy is real close to ground zero for the dissipation of dominant financial system central banking. Not only is Italy coming to terms with issue’s that could affect the outcome of elections next month and dent Mario Draghi’s record as Europe’s top central banker, but also the bank is dealing with scandal within the Vatican at the Vatican Bank. As Silver Vigilante covered in July:
Embroiled in another financial scandal pertaining to the laundering of money, the Vatican bank has been called by Forbe’s “the most secret bank in the world” and faces international scrutiny in its highly secretive banking model. Although details are limited to the public, it is clear that the Vatican bank is facing pressure from Italian and European officials over its innerworkings. In short, the bank has laundered billions of dollars. It has had help of course, in the deeply interwoven network of high finance, and none other than US bank JPMorgan abetted highly suspicious transactions, although the bank has yet to be accused of laundering itself. Though, this is a no-brainer considering the accounts the bank hosted for the Vatican.