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The Public is being Looted by Privatisation and Deregulation

The privatization movement and the deregulation movement have turned out to be failures. Privatization in Britain under the Thatcher government had its origin in the belief that the absence of incentivized managers and shareholders with a stake in the bottom line resulted in nationalized companies operating inefficiently, with their losses covered by government like the big private banks’ losses today. Thatcher’s government believed that privatizing socialized firms would reduce ...Read full article...

Where to Hide Your Money From Reckless Governments

A major central bank just made a desperate move… If you’ve been reading the Dispatch, you know we’re living through a gigantic “global monetary experiment.” In short, global central banks cut interest rates to zero to fight the 2008 financial crisis. They’ve held interest rates near zero ever since. These reckless “easy money” policies have made it extremely cheap to borrow money. Using borrowed money, people have bought trillions ...Read full article...

The West Is Reduced To Looting Itself

Myself, Michael Hudson, John Perkins, and a few others have reported the multi-pronged looting of peoples by Western economic institutions, principally the big New York Banks with the aid of the International Monetary Fund (IMF). Third World countries were and are looted by being enticed into development plans for electrification or some such purpose. The gullible and trusting governments are told that they can make their countries rich by ...Read full article...

Federal Reserve Bank behind Recessions, Depressions

(Mises.org) The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the party fun rests. Low Central Bank Rates have been Fueling Asset Price Inflation The current ...Read full article...

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 no longer paid. Purchasing power has collapsed. The population is impoverished. Small and medium ...Read full article...

How to Break Up with the Financial System

Breaking up is hard to do, especially when it is with a tracking service like a financial institution. Sometimes you can make a clean break and other times you have to remain “just friends”. The US government actually has a name for people who have no bank accounts – they call these folks “the unbanked”.  The FDIC defines the unbanked as “those without an account at a bank or other ...Read full article...

IMF Robs Banks, Banks Assault Us

PrisonPlanet.com The global banking elite are preparing to assault Americans with two huge new tax increases as President Obama contradicts the assurances of White House aides and his own campaign trail promise by asserting that a VAT tax is still on the table, as the IMF outlines a new tax on financial transactions that is being hailed as a blow to the banks yet represents another stealth tax on ...Read full article...