Victory! Hungary Becomes First European Nation To Ban Rothschild Banks

 The head of Hungary’s central bank has called for the International Monetary Fund to close its office in Budapest.
Credit: AnonNews.co

Credit: AnonNews.co
The name Rothschild is literally associated with wealth. This is because for over 200 years, the family has remained the most powerful and wealthy family in the world. Most of the Rothschild fortune has been made in the world of banking, but investments in other industries, such as coal, real estate, and construction, have helped secure the family’s wealth and immense power.

One of the banks owned by the Rothschild group (the biggest banking group in the world) is the International Monetary Fund (IMF), AKA ’Imposing Misery and Famine’. Not only does the group make money off usurious interest rates at the misfortune of crumbling economies, it literally owns Governments and people of power. Because it’s nearly impossible to escape the clutches of the banking group, news of IMF being booted from Hungary is being heralded as a victorious happening.

TapNewsWire reports that in 2008, Hungary survived economic turmoil by relying on a €20 billion ($26 billion) loan from the IMF and aid from the EU. This was before Hungarian Prime Minister Viktor Orbán was elected into office.

In 2013, however, the former economy minister and current central bank governor, Gyorgy Matolcsy, wrote a letter to IMF Managing Director Christine Lagarde calling for the fund to close its representative office in Budapest. Matolcsy noted that it was “not necessary to maintain” it any longer. In addition, he said in July of 2016 that Hungary would repay the 2008 loan in full by the end of the year.

Prime Minister Orbán hasn’t had a good relationship with IMF since taking office, and this latest move has taken it to a new low. However, many are hailing Hungary’s decision to boot the IMF from the country as an intelligent decision.

NeonNettle reports:

“Paying the loan back early has meant Hungary have saved €11.7 million worth of interest expenses, but Gordan Bajnai, leader of the electoral alliance E14-PM, claimed that they had actually lost €44.86 million by March 2014 because of the early repayment as all they did was replace the loan from the [IMF] with a more expensive one, labelling the stunt as Propaganda. 

And what made further nonsense; another loan at high interest rates was signed to finance a nuclear upgrade, which will mean not only higher repayments but also high electricity costs. But they do have economic sovereignty now. “

The central bank governor says that the government succeeded in pushing its budget deficit below the EU ceiling of 3% in GDP and reduced government debt. Though the EU Commission expected it to return to weak growth shortly after the decision, the unorthodox system of imposing heavy special taxes on large companies seems to be working for the country.

YourNewsWire relays that Iceland joined Hungary in 2014 when it paid back its $400 million loan ahead of schedule after the collapse of the banking sector in 2008. In addition, Russia has refused to bow down to any Western puppeteer and gained financial independence in 2005.  Reportedly, this is the FIRST time a European country has stood up to the international fund, since Germany did so in the 1930s.

If you’re as elated by this news as many activists are, please share this article and comment your thoughts below! 


This article (Victory! Hungary Becomes First European Nation To Ban Rothschild Banks) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to the author and TrueActivist.com

Facebooktwitterredditpinterestlinkedinmail

5 Responses to “Victory! Hungary Becomes First European Nation To Ban Rothschild Banks”

  1. Nollidge says:

    Unfortunately the Hungarian Government will suddenly be found to be breeching “Human Rights ‘ & will be overthrown by a new mob who will guarantee these rights & a continued allegiance to the Rothschild bankers.Remember,you read it here first folks!.

  2. Scotty says:

    Let”s not forget that the Rothschild’s became “Guardian’s of the Papal Treasure” after the Napoleonic Wars.
    They’ve been investing, for the Jesuits and the Papal Caesar, ever since.

  3. jkick says:

    Another closure Hungary invoked in 2015 was that of Sunday shopping, whereby the given intention was for folk to spend more time with their respective families.

    However, for some reason the decision was reversed this year.

    This despite ….

    ” a report about the no-work Sunday law that was prepared by the Economy Ministry at the government’s request showed that
    turnover in the retail sector grew by 5.6%;
    And…

    most of the stores boosted their turnover, especially food stores that recorded a 4.9% growth;
    vehicle parts vendors saw their sales drop as a result of the measure;

    online cash registers also attests that turnover has increased;

    This may be down to the fact only small shops were allowed to open on Sundays.

    It was only the big stores such as Tesco, Inter Spar , Metro etc that were forced to close on Sunday.

    and as the report stated..

    “turnover in larger stores declined whereas smaller ones boosted their turnover, which is no surprise, according to Varga;”

    Rogán said this report also shows that the objectives set by the cabinet when creating the no-work Sunday law have been reached, yet the measure will be abolished.

    http://freehungary.hu/index.php/56-hirek/4212-hungary-government-to-scrap-law-on-sunday-shopping-ban

  4. Nollidge says:

    I see that mine is the first post here.I apologise – I forgot to speculate on when the first demonstrations will begin with snipers on the rooftops (a la Ukraine) & what colour this colour revolution will be. (Must get the colours right,eh Mr. Rothschild?)

Leave a Reply

You must be logged in to post a comment.