Banks

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Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

  The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin.  And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate.  So what happens when their physical


The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

  Recently uncovered documents prove that the Obama administration has been working with the Mexican government to increase the number of illegal immigrants on food stamps, and when more illegal immigrants go on food stamps, JP Morgan makes more money.  As you will read about below, JP Morgan has made at least 560 million dollars


The Bankers Are The Saviors, Says IMF Director

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said today that the real heroes of the economic crisis that erupted in 2008 are not heads of state and finance ministers but central bankers. “Who have been heroes since the crisis began,” said Lagarde to start a two-day seminar on macroeconomic policies at


Iceland's Supreme Court Orders Valitor To Process WikiLeaks Payments

Iceland’s Supreme Court ordered Valitor hf, the Icelandic partner of MasterCard Inc. (MA) and Visa Inc. (V), to process card payments for anti-secrecy website WikiLeaks within 15 days or face daily penalties. If the company fails to comply it will be forced to pay 800,000 kronur ($6,800) in daily penalties, according to the ruling posted


Meet The New $100 Bill

The US Federal Reserve just announced that its redesigned $100 bills will go into circulation on October 8. The rollout, originally planned for 2010, was delayed by production issues with the blue ribbon that’s threaded through the note. Nearly 80% of all US currency is denominated in $100 bills. There were more than 8.2 billion


Greater Grand Theft Cyprus

Hit 'em again harder is policy. Cyprus is Exhibit A. It's pound of flesh demanded got greater. "Could it possibly get any worse," headlined Cyprus Mail?" Weeks after agreeing to Eurocrat terms, six billion more euros are demanded. A leaked European Commission "Assessment of the public debt sustainability of Cyprus" report revealed it. At issue


ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

What would you do if you logged in to your bank account someday and it showed that you had a zero balance and your bank had no record that you ever had any money in your account?  What would you do if all of the money in your bank account suddenly disappeared in a single


Fed Injects Record $100 Billion Cash Into Foreign Banks Operating In The US

Those who have been following our exclusive series of the Fed's direct bailout of European banks (here, here, here and here), and, indirectly of Europe, will not be surprised at all to learn that in the week ended February 27, or the week in which Europe went into a however brief tailspin following the shocking


Bank of Japan Increases QE

On April 4, the Financial Times headlined "Bank of Japan follows the Fed, on steroids." Pedal-to-the-metal reflects new governor Haruhiko Kuroda's policy. At a news conference he said: "This is an entirely new dimension of monetary easing, both in terms of quantity and quality." Except for emergency late 2008 easing, its the largest ever BOJ


This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite

What would you do if you woke up one day and discovered that the banksters had "legally" stolen about 80 percent of your life savings?  Most people seem to assume that most of the depositors that are getting ripped off in Cyprus are "Russian oligarchs" or "wealthy European tycoons", but the truth is that they


Depositor Haircuts: The New Normal

On March 29, Cyprus Mail said banks opened last Thursday. They did so amid calm. Long lines queued. People waited patiently. A feared stampede didn't materialize. Whether it's the calm before the storm remains to be seen. Looting Cypriot bank accounts reflects the new normal. It set a precedent. It did so for Europe.  More


Scandal Hits Cyprus

Grand theft is official Cypriot policy. Bank account haircuts are authorized. Those above 100,000 euros are targeted. Depositors may lose much more than initially thought. Minimally it's around 40% of their money. It may be double that amount or more. Potentially it's everything. In return, they'll get unsecured IOUs (promises to pay). They'll be converted


Public Banking: What Better Time Than Now

Money power in private hands games the system. It does so destructively. Controlling money, credit and debt for private enrichment assures speculation, booms, busts, inflation, deflation, instability, crisis, recessions and depressions. The Cypriot crisis alone begs the question. Money power in public hands could have avoided what's now happening. Ordinary Cypriots face horrific hard times.


Move Over IMF For The BRICS Development Bank (VIDEO)

The International Monetary Fund is an extortion financier’s outfit for a gang of exploiter banksters. The colonists of global mercantilism operate on extending credit with strings attached and assets targeted for attachment. Poor and underdeveloped economies beg for roll over extensions of old debt in an endless circle of currency debasement and resource transfer. So


The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

Have you ever wondered how the big banks make such enormous mountains of money?  Well, the truth is that much of it is made by gambling recklessly.  If they win on their bets, they become fabulously wealthy.  If they lose on their bets, they know that the government will come in and arrange for the


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