Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.” A return to the polls […]
And as for freedom of speech and expression, we need only look back to the most recent royal wedding to see how even these sacred 'shining British values' can be exposed as pure illusion
The post Why Do We put Up With Parasitic Inbreds or Their Media Sycophants? appeared first on BSNEWS.
Filed under: videos Tagged: bail-in, BIS, derivatives, public banking
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th. On December 11th, […]
On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. […]
Filed under: videos Tagged: bail-in, G20 summit, public banking
That is how the Wall Street-owned media routinely write off the exceptional record of this lone publicly-owned bank, crediting it to the success of the private oil industry. But the boom did not make the fortunes of the bank. It would be more accurate to say that the bank made the boom.
The post Wall Street Journal Reports: Bank of North Dakota Outperforms Wall Street appeared first on BSNEWS.
Day by day, more and more of us understand that big banks are at the heart of the UK’s failing economic model and have an unhealthy influence over our political system. But still too few of us understand exactly how the banks have become so powerful and why they are so toxic. Banks and finance didn’t just take control of our economy and society out of nowhere. So how have our banking institutions and “too big to jail” bankers come in to being?
While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led […]
I just got back from a really good and productive week in Ireland. Haven’t gotten an article out but thought I would post these two articles that were in the local Irish press (online and print). Two interviews are yet to be published, plus two video interviews (with the UK Guardian and Rabobank); so public […]
