Stocks Soar As Bank Aid Ends Fear of Money Panic — New York Herald Tribune, March 28, 1929 Banker Says Boom Will Run Into 1930 — The World, March 30, 1929 September 1929 “There is no cause to worry. The high tide of prosperity will continue” – Andrew W. Mellon, Secretary of the Treasury (bank … Continue reading
APRIL 30, 2013 by ELLEN BROWN 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 … Continue reading
WASHINGTON, April 15 (Reuters) – The Federal Reserve on Monday issued a proposal that would force big U.S. banks to pay an annual fee to help cover the cost of regulating them. Under the proposal, the Fed would look back and start the assessment for the 2012 calendar year, requiring about 70 financial firms to … Continue reading
By Jonathan Greenacre and Andrew O’Connor SYDNEY – On 5 November 2012, the Federal Court handed down its judgment in the case of Bathurst Regional Council v Local Government Financial Services Pty Ltd. The legal action related to leveraged debt obligations issued by ABN Amro that were given a credit rating of AAA by Standard … Continue reading
Nothing is what it seems, no matter where you turn your gaze. What we today call ”The Economy” is nothing more than a badly run casino. Welcome to the rabbit hole where truth is stranger than fiction. Ingunn Røiseland, assisted by Kjell Erik Midtgård This is a story far beyond the imaginable and which, if … Continue reading
Hundreds of Canadians named in tax-haven records shared exclusively in Canada with CBC News By Zach Dubinsky, Harvey Cashore, Frédéric Zalac and Alex Shprintsen, CBC News Posted: Apr 4, 2013 5:04 AM ET Last Updated: Apr 4, 2013 2:37 PM ETThey sought the utmost secrecy in offshore tax havens. But now some of the world’s … Continue reading
This paper from the Real World Economics Review argues that we are being intentionally and systematically mislead about the nature of money and about the role of central banks and commercial banks in the monetary system. “We are led to believe by central bankers and by textbooks, like the ones of Krugman and Wells (2009) … Continue reading
15th March 2013 By Michael Smith Guest Writer for Wake Up World. The ‘Australian Government’ is now set to ‘legally’ seize money from citizens bank accounts without their knowledge or approval. After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been … Continue reading
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 European Union raid on private deposits in Cyprus banks. [1] The deposit confiscation scheme has long been in the making. Depositors in the … Continue reading
OCCUPY LA SERVED PAPERS in 2011 on the SUPERIOR COURT (corruption in their courts in relation to the mortgage issues) based on OPPT 1776 (8 min video)… “Once the people (in any alleged country) understand the level of corruption in their courts in relation to the mortgage issues, their going to understand that when the … Continue reading