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The Confiscation of Bank Savings to “Save the Banks”
Is the Cyprus Bank “Bail-in” a “dress rehearsal” for things to come? Is a “Savings Heist” in the European Union and North America envisaged which could result in the outright confiscation of bank deposits? In Cyprus, the entire payments system has been disrupted leading to the demise of the real economy. Pensions and wages are Read full article...
Do you want a recovery? Let the foreign banks fail
By LUIS MIRANDA | THE REAL AGENDA | OCTOBER 24, 2012 Although the financial crisis is said to have begun in 2008, its actual inception started many years before. As explained yesterday, the so-called recovery that almost every politician says governments are seeking is a sham. There are no plans drawn to have a recovery Read full article...
U.S. Banks told to make plans for Financial Collapse
By RICK ROTHACKER | REUTERS | AUGUST 10, 2012 U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help. The two-year-old program, which has Read full article...
Banks Can No Longer Hide the Collapse
By LUIS MIRANDA | THE REAL AGENDA | MAY 16, 2012 It’s been at least four years since the current financial collapse began. Back in 2008, when the crisis was already taking shape, the banks supported by international financial institutions such as the IMF, World Bank, Bank of Europe, Bank of England and the US Federal Reserve did Read full article...
More money for Banks as BoE keeps interest rates at 0.5%
AGENCE FRANCE PRESSE | APRIL 18, 2012 Bank of England policymakers all voted in favour of holding interest rates at a record low earlier in April, while one member called for more stimulus cash, the BoE said on Wednesday. Minutes from the central bank’s Monetary Policy Committee (MPC) meeting on April 4-5 showed that the Read full article...
Greek Parliament approves Austerity Package
While the Greek government surrendered to the IMF and World Bank demands for more spending cuts, the streets of Athens saw an increase in protests with thousands of citizens taking on police. Associated Press June 29, 2011 Greece’s lawmakers approved a key austerity bill Wednesday needed to avert default, despite a second day of rioting Read full article...
Tens of thousands protest against cuts in Madrid
AFP June 19, 2011 Tens of thousands of protesters flooded the streets of Madrid Sunday blaming bankers and politicians for causing a financial crisis that forced the country to adopt painful spending cuts. Demonstrators of all ages linked to a protest movement called the “indignants” assembled early Sunday in several neighbourhoods on the outskirts of Read full article...
