Wednesday, August 21, 2013 Interactions between Small- and Large-Scale Corruption in China Increasing [Amicable] Cooperation on Offshore Tax Evasion Income Inequality, Wealth, and Illicit Financial Flows in Asia Taxcast Episode 19: July 2013 Looking Forward: Poverty in 2015 G20 Finance Ministers and Central Bank Governors Communique Released Clips Tax …
The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks
The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks Posted on August 5, 2013 by Ellen Brown The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, …
Think Your Money is Safe in an Insured Bank Account? Think Again.
Think Your Money is Safe in an Insured Bank Account? Think Again. Posted on July 5, 2013 by Ellen Brown A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money. When Dutch Finance Minister Jeroen Dijsselbloem told reporters on March 13, 2013, that the Cyprus deposit confiscation scheme …
Bail-out Is Out, Bail-in Is In: Time for Some Publicly-Owned Banks
“[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.” —Eric Sprott, Shree Kargutkar, “Caveat Depositor” The crossing of the Rubicon into the confiscation of depositor funds was …
PFA, IAPF, Denmark, Moody’s, Fianna Fáil, Cyprus, First State, OTC derivatives, Hermes, Dexia
Dear Dr Hazel Henderson Today’s top stories Denmark’s PFA shifts from bonds to US equity over euro-zone fears DENMARK – Fund hopes bailout of Cyprus could be wake-up call for European singe currency. …
Winner Takes All: The Super-priority Status of Derivatives
Posted on April 9, 2013 by Ellen Brown Cyprus-style confiscation of depositor funds has been called the “new normal.” Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including …
New Bretton Woods Update (No.85) March/April 2013 out now
Bretton Woods Update No. 85 March/April 2013 PDF version Please find below the highlights of the Bretton Woods Update No. 85(March/April 2013). BRICS challenge IFIs: Out of the frying pan into the fire? Large middle-income countries jointly initiated alternatives to the World Bank and IMF in March, but advocates are …
Today’s Top Stories from GFI: When capital flies, but corruption stays behind
Friday March 29, 2013 No More Shifty Business: Campaigners Call for New Tax Rules Farming for Rats: Perverse Incentives and Illicit Financial Flows Illicit Wealth and Enormous Tax Dodging Fuel Inequality Task Force Recommendations to the BRICS Summit 2013 Taxcast Episode #15: March 2013 HSBC by the Numbers Clips …
PBI Newsletter – TPP and Public Banks, Cyprus, Letter from a Vermont Farmer, and more…
We at Ethical Markets support the views of the Public Banking Institute and our President , Hazel Henderson serves on its Advisory Board , Editor TPP and Public Banks, Cyprus, Letter from a Vermont Farmer, and more… PBI Newsletter, March 2013, Edition #23 Email not displaying correctly? View it in …
A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus
A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus Posted on March 21, 2013 by Ellen Brown If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun. – Martin Hutchinson on the attempted EU raid on …
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