An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. … Continue reading
Executives at collapsed Iceland bank jailed for fraud REYKJAVIK | Fri Dec 28, 2012 12:17pm EST REYKJAVIK Dec 28 (Reuters) – Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on … Continue reading
US–CFR on Massive Tax Increases and Spending Cuts at End of This Year More on US “Fiscal Cliff” & More on Above
We’re at the dawn of a revolution in central banking, in which the likes of the Bank of Canada, the U.S. Federal Reserve Board, and eventually the European Central Bank (ECB) will exert more influence over the global economy than … Continue reading
Richard: Well, let’s just dive right in, shall we. Do you think it’s possible that this economic crisis, depression, deep recession, whatever you want to call it, has been engineered by the illuminati, or whatever you want to call them, … Continue reading
Egypt requests $4.8bn loan from visiting IMF chief The Egyptian government is facing a balance-of-payments crisis and high borrowing costs Egypt has asked the International Monetary Fund for a $4.8bn (£3bn) loan to help revive its struggling economy. The … Continue reading
Eurozone leaders are pushing ahead with plans for a single banking authority (WSJ) situated in the European Central Bank, a first step toward developing a eurozone banking union. The new banking supervisor would be able to activate the permanent euro … Continue reading
Unparalleled levels of imprudent lending; corrupt banking practices; soaring inflation and rising unemployment; government bank bailouts and an economy dependent on increasing levels of debt to sustain growth. Sound familiar? It would have done to Britons in the 1830s. The fact … Continue reading
Posted on July 2, 2012 by WashingtonsBlog … But Receive Only a Light Slap on the Wrist We noted Friday: Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, Bank of America, UBS, Royal Bank … Continue reading
(CNSNews.com) - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet. On Jan. 28, 2009, a week after Obama’s nomination, the Fed … Continue reading
Many Greeks are emptying their bank accounts out of fear that the country may return to the drachma. But most of the money is not going abroad. Instead, individuals are storing cash in safe deposit boxes or at home — … Continue reading
Bank of America, which last fall announced plans to lay off 30,000 workers, is about to go on a hiring spree—overseas. America’s second-largest bank is relocating its business-support operations to the Philippines, according to a high-ranking Filipino government official recently … Continue reading
February 19, 2012, Bloomberg http://mobile.bloomberg.com/news/2012-02-20/icelandic-anger-brings-record-debt-relief… Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger. Since the end of 2008, the island’s … Continue reading