“Bail-ins Begin”: Interviews with Greg Hunter and Thom Hartmann

Bail-ins: The new rules for bank deposits!

Ellen Brown is an American author, political candidate, attorney, public speaker, and advocate of alternative medicine and financial reform, most prominently public banking.

Brown is the founder and president of the Public Banking Institute, a nonpartisan think tank devoted to the creation of publicly run banks. She is also the president of Third Millennium Press, and is the author of twelve books, including Web of Debt and The Public Bank Solution, as well as over 200 published articles.

She has appeared on cable and network television, radio, and internet podcasts, including a discussion on the Fox Business Network concerning student loan debt with the Cato Institute‘s Neil McCluskey, a feature story on derivatives and debt on the Russian network RT, and the Thom Hartmann Show’s “Conversations with Great Minds.”

Link to video interviews from original article below

WEB OF DEBT BLOG

My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann, below.

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Market Analytics & Technical Analysis. March 2015

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2015 will actually be the first year since 2007 without some form of quantitative easing!

During this six year period the Fed’s Balance Sheet has exploded by over $4 trillion and the US Government has spent another $11+ trillion.
Between October and November of last year, the Federal Government issued $1 trillion in new debt in one month.

The bond bubble was $80 trillion going into 2008. Today it’s over $100 trillion. The US had $5 trillion in public debt going into 2008.
Today it has over $18 trillion.

Despite all of this the US has experienced the weakest recovery in 80+ years! That is assuming it’s really a recovery? Every other recession going back to 1954 saw rates begin to rise a few years into the recovery.

It makes me pause and think that a year without monetizing bonds is going to be a big shock to the financial markets and stock traders.

As we have spelled out in previous reports we are seeing global weakness around the world with very worrying signs coming from China and Emerging Markets. The US has been held up as the strongest economy with which to pin optimistic hopes.

However, US Macro Surprises have suddenly become alarmingly negative (see bottom below) and are clearly following forward earnings estimates lower (above).

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Extract from one of my favorite macro economic analysts, Gordon T Long.

Have you reviewed your strategy with a financial advisor ?

FINANCIAL REPRESSION AUTHORITY with Marc Faber

Dr Marc Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.

“If rates do not rise SIGNIFICANTLY for Pensions and Insurance funds, then they will have to DIMINISH the payments made to the pensioners and life insured !”

Dr Marc Faber is a highly respected Swiss economist investor well known for his contrarian investment approach. Amongst his frequent TV interviews, Dr Faber is a regular contributor to Forbes and “International Wealth” which is a sister publication of the “Financial Times” and several leading publications around the world, he also writes occasionally for the Herald Tribune, Wall Street Journal and Borsa E Finanza.

“It is irresponsible not to own some gold” 

“Expropriation” … the right of government to take private property ….
Continues on this video podcast;

What Happened Last Week !?

The Confiscation of Bank Deposits & the Derivatives Debt.

Russian Roulette: Taxpayers could be on the hook for Trillions in Oil Derivatives

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, Senator Elizabeth Warren charged Citigroup with “holding government funding hostage to ram through its government bailout provision.” At issue was a section in the omnibus budget bill repealing the Lincoln Amendment to the Dodd-Frank Act, which protected depositor funds by requiring the largest banks to push out a portion of their derivatives business into non-FDIC-insured subsidiaries.

Continue reading report here: Russian Roulette with Taxpayers Money

Watch the following interview explaining the details about The Confiscation of Bank Deposits & the Derivatives Debt

Bail-in & the Financial Stability Board

FSBFinancial Stability Board (FSB)

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. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.

The new bail-in rules were discussed in my last post. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged…

Continue reading from original source here: The Global Bankers Coup: Bail-In and the FSB

European Banks At Risk Of Bail-Ins In 2015 – Moody’s and S&P Warn

Credit ratings agencies’ frequent warnings regarding bail-ins in recent months have largely been ignored.

“Europe’s banks are vulnerable in 2015 due to weak macroeconomic conditions, unfinished regulatory hurdles and the risk of bail-ins” according to credit rating agencies.

Bank Bail-ins

In March of this year, credit rating agency Standard and Poor’s (S&P) warned that the move towards “bail-ins” and away from “bailouts” continues to evolve and pose risks to European banks and their credit ratings.

Bank of England plans to make bondholders and depositors bear the cost of bailing out failing banks, led Moody’s to downgrade its outlook on the UK banking sector this August. The rating agency said that it had changed its outlook for the UK financial system from “stable” to “negative”, citing the developing global “bail in regime” of creditor and depositor bail-in.

Moody’s have warned of bail-ins numerous times in recent months. In June of this year, Moody’s cut the outlook for Canadian bank debt to negative over the new ‘bail-in’ regime.

Depositors in some Cyprus banks saw 50% or more of their life savings confiscated overnight.

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The truth is that banks in most western nations are vulnerable to bail-ins in 2015 and the recent G20 meeting in Brisbane was a further move towards the stealth bail-in regimes.

Continue reading here: European Banks At Risk Of Bail-Ins In 2015 – Moody’s and S&P Warn.

FINANCIAL REPRESSION for Dummies…