7
Feb 14

Change to UK's money system could solve our long-term economic problems | Business | theguardian.com

The idea of removing banks from their role as creators of the nation's money will strike many as radical. But it is surely more radical to entrust the same banks that caused the financial crisis to create the money on which the rest of the economy depends.

via Change to UK's money system could solve our long-term economic problems | Business | theguardian.com.

15
Sep 13

New Anglo Tapes: 'We've f**king let the world down' - Independent.ie

A LEADING British banker told Anglo Irish Bank Head of Treasury John Bowe that the banking industry had "totally fucking let the world down", but it was politicians such as then Taoiseach Brian Cowen who would lose their jobs.

via New Anglo Tapes: 'We've f**king let the world down' - Independent.ie.

25
Mar 13

Cyprus is endgame in plot by politicians and banksters to steal wealth of citizens - European Economic News | EU Budgets, Trends & Spending | Irish Tim - Fri, Mar 22, 2013

Cyprus was a small, controlled experiment by the political and economic authorities, designed to test the water and prepare public opinion for the next phase of our enslavement.

Although there have been determined efforts by tame media voices to play down the significance – to focus attention on the Russian dimension, or the apparently belated attempts to shift the thresholds of the proposed “tax” on bank deposits to exclude small savers – the most penetrative analysis of this development has been offered by Cypriot protesters bearing placards with just one word: “thieves”.

via Cyprus is endgame in plot by politicians and banksters to steal wealth of citizens - European Economic News | EU Budgets, Trends & Spending | Irish Tim - Fri, Mar 22, 2013.

26
Jan 13

Barclays bankers including former boss Bob Diamond lose High Court bid to remain anonymous over alleged involvement in Libor-fixing scandal | Mail Online

A judge yesterday named the Barclays bosses who tried to keep their identities secret in a landmark case linked to the rate-fixing scandal.

Former chief executives Bob Diamond and John Varley, current investment bank boss Rich Ricci and ‘casino banker’ Jerry del Missier were among those trying to keep their involvement in the case under wraps.

via Barclays bankers including former boss Bob Diamond lose High Court bid to remain anonymous over alleged involvement in Libor-fixing scandal | Mail Online.

18
Dec 12

LIBOR scandal rocks US as experts warn it could be 'the biggest consumer fraud in history' | Mail Online

As the investigation into the LIBOR interest rate-rigging in the United Kingdom becomes a financial scandal of tsunami-like proportions, some analysts are openly wondering whether 16 of the world's largest banks have perpetrated the biggest fraud in history.

With the public coming round to the global significance of banks potentially colluding like a cartel to favourably set the LIBOR, those same analysts predict lawsuits worth tens of billions being brought against the Western world's largest financial institutions by average consumers.

via LIBOR scandal rocks US as experts warn it could be 'the biggest consumer fraud in history' | Mail Online.

13
Dec 12

German man locked up over HVB bank allegations may have been telling truth | World news | guardian.co.uk

Gustl Mollath was put in a psychiatric unit for claiming his wife was involved in money-laundering at the Bavarian bank. But seven years on evidence has emerged that could set him free

via German man locked up over HVB bank allegations may have been telling truth | World news | guardian.co.uk.

10
Sep 12

The Gold Standard Is Coming - Forbes

The Obama/Bernanke Federal Reserve has been an abysmal failure. No major country’s central bank has been so destructive since the Fed in the 1970s; prior to that, nearly a century ago, it was Germany’s central bank, which created a hyperinflation that helped set up an environment for the Nazi revolution.

Unlike other central bank catastrophes this one, so far, is of a slow-motion variety, which is disguising the immensity of the harm being done.

via The Gold Standard Is Coming - Forbes.