Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins Ellen Brown http://EllenBrown.com March 29, 2014 “As things stand, the banks are the permanent government of the country, whichever party is in power.” – Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011) On …
Homeland Security set for next Wall St collapse
By Ellen Brown Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war …
Is Homeland Security Preparing for the Next Wall Street Collapse?
Ellen Brown http://EllenBrown.com October 7, 2013 Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed …
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 …
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 …
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 …
The Cypriot viewpoint
The Cypriot viewpoint By Cyprus.com Editors Cyprus Bailout: Stupidity, Short-Sightedness, Something Else? A quick run-down on the impressively stupid handling of the “Cyprus bailout” by the EU. And, before we go on, we should note that the on-the-ground situation for visitors and tourists is perfectly fine – Cypriots are …
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