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Showing posts with the label Banking crisis

In Iceland the guilty are sent to prison. In the UK the innocent are punished with Austerity.

  http://usuncut.com/world/iceland-sentences-26-bankers-to-a-combined-74-years-in-prison/  Iceland sentences 26 bankers to a combined 74 years in prison     Good and reassuring news from Iceland. At least there is one country that has the backbone to defy the vested interests of some political factions and prosecute those responsible for the financial crisis rather than persecute ordinary people with pernicious cuts, reductions in living standards and crippling austerity. We could have a similar scenario here if the politicians were not in the pockets of bankers and financiers. The British people are paying the price for the "financial crisis", while the bankers continue to enjoy the huge salaries bonuses and the lifestyles that they have become used to. The banking world in the United Kingdom,  is "protected" from the consequences of its own action by politicians with their own agenda. Austerity is not an economic necessity. Austerity is a poli...

Government Alchemists promote another "sale" for the British people.

https://www.minds.com/blog/view/456455953705865216/iceland-recovering-fastest-in-europe-after-jailing-bankers-instead-of-bailing-them-out Iceland Recovering Fastest in Europe After Jailing Bankers Instead of Bailing them Out George Osborne's bargain basement sale has left taxpayers with a £1.1billion loss The British tax payer (you and I that is) poured £45billion of our money into RSB as a "State Bailout". Consequently, it seems to me that we own the bank. Gideon is now selling off our shares (and he didn't even ask our permission) in RSB at knock down prices to friends in the city and at a loss to us, the taxpayers. There is a small bribe for the taxpayer however, that the government will allow us to buy a tiny percentage of the available shares, and with a minute discount o n the price! As with other privatisations, Gas, Water, Electricity, Railways etc, the government Alchemists manage to persuade sections of the public to purchase that whi...

Brussels throws insults at the Greeks, as the deadline arrives.

http://www.independent.co.uk/news/world/europe/greece-debt-crisis-athens-has-one-day-to-find-16bn-10353977.html Athens has just one day to find €1.6bn as it edges nearer euro exit Greek Prime Minister Alexis Tsipras has been branded reckless and a feckless liar by EU leaders The powers of the IMF, Brussels, the European Central Bank and European Commission now with the added weight of Barak Obama of the United States and Li Keqiang the Premiere of China, pile the pressure onto the Greek people to capitulate to the demands and ultimatum of Merkel, Lagarde and Jean-Claude Juncker. Jean-Claude Juncker appealed to Greeks to vote Yes in the referendum Make no mistake. The European Union is operated for the benefit of financiers, bankers and business interests and has little if anything, to do with peace and stability in Europe or the well being of the 500 million or so ordinary people who live within its borders. Any member country government who has th...

"even what they have shall be taken from them."

http://www.theguardian.com/world/2015/jun/28/the-greeks-for-whom-all-the-talk-means-nothing-because-they-have-nothing The Greeks for whom all the talk means nothing – because they have nothing Georgios and his sister Barbara outside their donated caravan   This story is similar to hundreds of thousands of other stories from ordinary people all over Greece. They are the victims of "austerity" imposed upon them by previous Greek governments who were blindly  following the instructions of the autocrats of the  IMF, Brussels, the European Central Bank and European Commission over previous years.  Georgios Karvouniaris and his sister Barbara and the many thousands of other Greeks like them  are not those who have been drawing € billions out of the Greek banking system over the past weeks to invest in luxury cars, yachts or art in a bid to hide their money. They have nothing to withdraw. Despite what the media may say, and what those in Brussels and Wash...

The deceit and cunning of the IMF, European Central Bank and European Commission.

http://www.theguardian.com/world/2015/jun/24/greece-debt-crisis-talks-renewed-deadlock Greece debt crisis talks end in renewed deadlock The duplicitous bastards of the IMF, demonstrate yet again their intentions toward Greece and its people. Having met on Monday of this week to discuss yet another compromise proposal from the Greek government of Alex Tsipras, the IMF, European Central Bank and European Commission now destroy the possibility of an agreement which only two days ago seemed achievable. Clearly, Lagarde and Merkel together with elements of the European Commission are not prepared to allow any arrangement which includes higher taxation thresholds for businesses and the rich in Greece, but excludes more cuts and even higher levels of austerity for ordinary people.    Alexis Tsipras leaving the talks.   The objectives of the Troika are clear. Humiliate the Greek people and its government, seek to impose even harsher austerity, protect busine...

The arrogance of the European commission, Lagarde and Merkel.

  http://www.theguardian.com/world/2015/jun/24/alexis-tsipras-summoned-brussels-emergency-talks-greece-bailout-deal#comments Tsipras summoned to Brussels for emergency talks over Greek bailout deal Largarde and Merkel What an arrogant obnoxious collection of autocrats the "Troika" and its other European stooges actually are. Christine Lagarde, the head of the International Monetary Fund, Mario Draghi, the president of the European Central Bank, and Jeroen Dijsselbloem, the Dutch finance minister, "summon Tsipras to Brussels" rather like Hitler summoning some European leader to Berlin to be told what his country must do and how its people must behave. The days of the European Dictator return in the 21st Century. Lagarde of the IMF found the proposed temporary resolution inadequate and that German chancellor Angela Merkel was also having second thoughts. Greek Prime Minister Alexis Tsipras The response from Tsipras clearly should be...

The EU says, "Vote for who ever you want, but do exactly what we say."

http://www.theguardian.com/commentisfree/2015/jun/19/greek-people-austerity-eu-greece-economic-crisis-democracy The Greek people voted against austerity – why is the EU ignoring this?   The whole point about this current Greek economic crisis is a simple one. The European Central Bank, the IMF, Brussels and Berlin, are saying to the 11 million or so Greek people, that you can vote for who ever you like and elect the government of your choice, but in the end, your government and you, must do exactly what we say, without question, debate or argument. Thank heavens that Alexis Tsipras and the Syriza government are saying "No" to the unelected and unaccountable IMF and Brussels cabal. We should have more politicians in this country with the backbone to stand up to the dictators in Europe and Washington. The arrogance of Christine Lagarde and her comment (in respect of next Monday's meeting) that "We do not want children in the negotiating ro...

Greek banks in crisis as the speculators take the money and run.

http://www.independent.co.uk/news/world/europe/greeks-take-their-money-and-run-as-potential-eu-exit-looms-on-the-horizon-10329868.html Greece faces banking crisis after euro zone meeting breaks down Greece's Yanis Varoufakis with Christine Lagarde of the IMF So who is actually withdrawing these €2bn of deposits? It certainly is not those workers who have had their salaries viciously cut over the past five years of austerity. It is not those pensioners who have endured the real cuts to their pension entitlements. It is not those people who rely on the food bank and soup kitchens in Athens, Piraeus, Tripolis and a hundred towns all over Greece.   The face of austerity on the streets of cities all over Greece   Those withdrawing the largest part of the money are by far those speculators who have ma de their fortunes on the circumstances of ordinary Greek people caused by the IMF, the Central European bank, Brussels and the Eurozone "leadership...

The "European Union" is not the only game in town.

      http://www.huffingtonpost.co.uk/2013/05/07/european-union-exit-_n_3227972.html?utm_hp_ref=uk#slide=more295952   European Union Exit: Who Else Wants Britain To Leave? (Other Than Nigel Farage)       The question headline to this article is: "European Union Exit: Who Else Wants Britain To Leave? (Other Than Nigel Farage)"  Simple response.....me. I am no supporter of UKIP or any of the other "celebs" in the photo montage (in the main article) and as for Murdoch, the wheels of justice seem to have missed him. The EU, the Eurozone and all the paraphernalia associated with Brussels, is and always has been a disaster for this country both economically and socially. Too many people it seems (as shown in many of the posts in the comments section of the article), have accepted the propaganda and distortions of the pro European Union lobby and the scare mongering perversions of the, "leaving the EU will cost millions o...

It is still state theft. They are just taking a larger percentage.

http://www.huffingtonpost.co.uk/2013/03/30/bank-of-cyprus-bailout-60-savings-_n_2985058.html?utm_hp_ref=uk People with over 100,000 euros (£84,300) in Bank of Cyprus accounts could lose up to 60% of their savings in a harsh new EU and IMF bailout deal.     How many more "little details" have the Troika, the banks and the politicians kept up their sleeves? Stealing 60% of  £84,000 from peoples savings is a big shift from stealing only 10%. Which ever way you look at it, it is still state theft. It is just that they are stealing a larger amount.

Bailout "saves" Cyprus, but the people have to pay.

http://www.independent.co.uk/news/world/europe/cyprus-a-haircut-for-the-people-a-pay-cutfor-president-nicos-anastasiades--but-banks-open-amid-tight-security-and-cash-restrictions-that-could-last-a-month-8552690.html#disqus_thread   Cyprus: a haircut for the people, a pay cut for President Nicos Anastasiades – but banks open amid tight security and cash restrictions that could last a month. Savers formed "orderly" queues "a haircut for the people, a pay cut for the President but banks are open amid tight security". No mention of the speculators, or the Troika, who have made some profits from the "crisis", or the other "depositors" who withdrew much of their cash in February, before the scandal broke (Who tipped them off?), or the bankers who created the mess in the first place. As usual, ordinary people pay for the incompetence, greed and mismanagement of banks and politicians.

State theft endorsed by the Troika.

http://www.independent.co.uk/news/world/europe/back-from-the-brink-eu-ministers-approve-10bn-bailout-deal-to-save-cyprus-8547104.html EU ministers approve €10bn bailout deal to save Cyprus From television reports on BBC and on Sky, the reporters in Nicosia are saying that the only people happy with this "bailout to save Cyprus", are the "markets" and the politicians. There is no mention of the people of Cyprus and their savings, or the ex-pats  and retired British residents who may have their entire life savings on deposit. 100,000 Euro is around £85,000 on today's rates, and can hardly be described as fortune and yet the entire amount could be confiscated from peoples accounts. I stand by what I have said previously. This solution is nothing but state theft given legitimacy by the Eurozone.. Another "victory" for the Troika and the aspirations of Legarde and Merkel for German/IMF domination of Europe and to hell with the ...

State theft is wrong.

  http://www.independent.co.uk/news/world/europe/cyprus-bankruptcy-crisis-talks-set-to-go-to-the-wire-with-new-deal-including-20-levy-on-large-deposits-at-main-bank-8547104.html Savers at the Bank of Cyprus will pay one-off tax of 20 per cent on deposits of over €100,000     Regardless of what the cash figure is, or the % levy to be imposed or even who the "depositors" actually are, this is a proposal to legalise state theft from banks. It would set an unhealthy precedent not only for Cyprus, but for every other state in Europe and would encourage governments to believe that they can behave no better than pirates in the knowledge that their actions are endorsed and supported by the "Troika" of the European Union, International Monetary Fund and ECB. The ordinary people of Cyprus and every other country must stand firm against the excesses of the politicians and the sinister members of the troika. The financial crisis in Europe (and beyond) has essen...