Hungary Becomes First European Nation To Ban Rothschild Banks

Amanda Froelich | True Activist

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, estates, 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 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 hasstood up to the international fund, since Germany did so in the 1930’s.

Read More:


Published by True Activist.

You might also like

FBI Rescues 82 Children in NATIONWIDE Child-Sex Trafficking Ring

COLUMBUS, OH The FBI has recently announced the rescue of 82 children who were being trafficked as sex slaves. Arrests were made of 239 child sex-traffickers. Yes, that is over

This Man Isolated Himself From Society For Over 25 Years in the Wilderness – What He Reveals In This Cave Will Amaze You

There was a time when man used cave walls to tell his story; they became his confidant and canvas. Now, thousands of years later a New Mexico resident has once

Inmates are Getting Degrees at IVY League Universities in Fight Against Prison Industrial Complex

Brianna Acuesta | True Activist This NY Program Is Helping Inmates Get An Ivy League Education Hudson Link provides programs where inmates can earn degrees, decreasing their risk of re-incarceration

Trump, Stein, and Clinton Supporters Sit Down and Smoke Weed Together

A new video hows that we can stop believing in the establishment and start believing in each other again. Watch it below and let us know what you think:  

High-Profile Pedophile Beaten in Prison, Inmate Who Did it Speaks Out

“I did it for the victims and their families,” says inmate, after beating a convicted pedophile. March 16, 2017 You may recall Jared Fogle. He was the spokesman for Subway

One Woman Just Stood Up To 330 Violent Neo-Nazis

Brianna Acuesta | True Activist This woman single-handedly stood up to 330 violent Neo-Nazis as they protested on the streets in Sweden. Tess Asplund, a woman from Sweden, has been

35 Surreal Illustrations That Will Make You Question The ‘Normalcy’ Of Society

Amanda Froelich | True Activist This Polish artist’s surreal work is as thought-provoking as it is beautiful. A picture is worth a thousand words, and artist Igor Morski is an

Jean-Claude Van Damme Calls Out Ultra Rich “Families That Dominate Continents” on Live TV

by True Activist The world was not expecting Belgium actor and former bodybuilder Jean-Claude Van Damme to go off-script during a live interview on French TV, but he did exactly

Trump’s New National Security Advisor Warned Against “Military Industrial Complex”

February 24, 2017 | 07:34 PM PST WASHINGTON, DC – Little is known about Army Lt. Gen. H.R. McMaster, President Trump’s new pick for the National Security Advisor. But some

  • mark beer

    I do hope you don’t mind me pointing out that the misuse of the word ‘literally’, in the first paragraph of this article, is disconcerting. That the felony is compounded in the very next paragraph is hardly conducive to a pleasantly nourishing read.

    • iDareYou

      Thanks for pointing that out, i guess.

    • elena nash

      There’s always someone on this thread that does this.
      I call it the “Jimmy Carter syndrome”. At least once a day, former president Carter found it necessary to personally correct all inter-office memos, while the the US Embassy in Tehran was overrun by terrorist militants and held 66 Americans hostage for 444 days.
      Oh, nothing minor!

  • David_from_San_Diego

    QUOTE FROM ARTICLE: One of the banks owned by the Rothschild group (the biggest banking group in the world) is the International Monetary Fund END QUOTE. PROBLEM: The IMF is not owned by the Rothschild Group … it is owned by its member countries. While I personally agree that the IMF does more harm than good, I am aware of no connection to the Rothschild family, or to the Rothschild Group. Perhaps someone could please enlighten my through a reply to this post?

    • Johnny_Blackcock

      IMF is a tentacle of The UN, World Bank all created with Rothchilds money and direction. Member countries are all owned by Rothchilds Central Banks. The whole Syria thing is because of Central Banks.

    • Nicole Friedrich

      The IMF, World Bank, Bank of England and The US Federal Reserve are all Rothschild owned banks, owned via the BIS, Bank for International Settlements.

  • rick

    That is how you take back your nation and your pride. Like the President of Philippines is in war against drugs and winning it, so is the President of Hungary in a war against blood sucking parasites banks like the IMF. Both men is in possession of testicules that drags. We are in desperate need of men like that here in US of A.

    • Shirley Lane

      Hungary also set their Monsanto fields ablaze. Loving the audacity of this tiny country.

    • Jonathan Wolf

      Comparing him to the president of the Philippines makes him sound like a giant piece of shit, which he isn’t. The president of the Philippines is a genocidal maniac who is going around killing people who need help because it’s cheaper than helping them. The Prime Minister of Hungary is an intelligent man who realized that his country was being secretly ran by an organization who cares nothing for it and who only wanted to profit off it at any cost to it’s people, so he put a stop to it.

  • vendég

    the article forgets to mention that Gordon Bajnai who criticizes Orbán for repaying the loan early was the one who took the loan at the first place. He was a puppet prime minister of the banking elite. Yes, Hungary lost money by repaying the loan early but did not have to abide the side notes of the IMF loan: privatization, deregulation!

    • Grydian

      Exactly. The IMF loans come with requirements that would enrage most americans. The fact the US forces these loans down the throat of other countries is almost criminal. The US can sue a developing nation through the international courts for harming its citizens if the country refuses world bank and IMF loans to develop some project for a multinational corporation. Usually agricultural but can be mineral extraction (mining) or even sweatshops and factories. We force the country to take a loan to help out a corporation to set up a either a plantation by building roads, or a hydroelectric dam etc. Massive projects that help the corporation but cost a lot to do. Then we force these poor countries to sign free trade deals with us which means they cannot use taxes to repay the loans. Then when a country is defaulting on its loan we can take over spending of the government, privatizing utilities, roads, and schools. This is how the corporate empire is keeping the world enslaved to create the products consumers want at near no costs.

  • WJS

    A few days ago there was another article saying Russia becomes first country to ban Rothschild banks then a few days prior another one said Iceland becomes first country to ban Rothschild banks. I’m starting to think all these articles are fake just to draw clicks

    • meirmoses

      Dude all these articles are absolute clickbait bullshit fodder for naive conspiracy theorists. The IMF is not a ‘Rothschild’ bank…nor does it have anything to do with whatever is left off the Rothschild dynasty and (private) banks.

      • Nicole Friedrich

        Your ignorance is on public display.

        The IMF, World Bank, Bank of England and The US Federal Reserve are all Rothschild owned banks, owned via the BIS.

        By the way, a conspiracy theory is a theory that includes a conspiracy.

        Conspiracies happen all the time.

        A conspiracy is an act against an adversary performed by an understanding of two or more people.

        The official US government theory of the events of 9/11 is a conspiracy theory.
        There were after all more than one hijacker.

        The Bible is the result of a conspiracy. More than one author.

        A game of baseball could be considered a conspiracy.

        That’s is all a conspiracy theory is. Two or more people working together towards a goal. No craziness needed.

        If you think a conspiracy theory means that the theory is automatically ridiculous, then you are a intellectually derelict sheep, successfully programed by your masters to do their bidding. Congrats.

  • Monteen McCord

    Read ‘Confessions of an Economic Hit man’ and you’ll get the picture…authored by John Perkins