For the first time in 170 years, the British Parliament is going to debate how money is created.
The debate will be broadcast live on Thursday, November 20th starting between 12.30 & 1.00PM GMT, or 07.30 EST on the Parliament TV Channel; Link to the UK Parliament Channel
From Bill Still, director, narrator, and producer of the documentary films The Money Masters and The Secret of Oz, both of which critique the system of monetary control by the U.S. Federal Reserve System.
James G. Rickards is an American lawyer, economist, and investment banker:
View Wikipedia Bio Link Here
“Falling to plan, is planning to fail”
If you have not yet talked to an independent adviser about full diversification that includes alternative strategies, now is the time to start!
Understanding the game is critical to planning the right investment strategy!
Therefore, better investment guidance could come from identifying current & future capital flows, in other words follow the money.
There are other events that also have an impact but here are three important areas to begin;
1: Monitoring the Central Banking policies that drive liquidity, think QE and artificially low interest rates etc.
2: The banks balance sheets & off-balance sheets, & on going regulation updates that could impact their ability to lend & borrow
3: Debt levels in Public, private & household to identify debt service costs & desire to lend & borrow, directly impacting consumption, along with effects of increased tax liability.
How The Economy Really Works
I highly recommend watching this video for anyone who is interested in understanding the independent views of author & economist Richard Duncan formerly of the World Bank, on the global economic crisis;
The confiscation of depositor funds
The real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins”
The Unsettled Question of Deposit Insurance;
But at least, you may say, it’s only the uninsured deposits that are at risk (those over €100,000—about $137,000). Right?
According to ABC News, “Thursday’s result is a compromise that differs from the original banking union idea put forward in 2012. The original proposals had a third pillar, Europe-wide deposit insurance. But that idea has stalled.”
Two pillars are now in place” – two but not the third.
And two are not enough to protect the public.
As observed in The Economist in June 2013, without Europe-wide deposit insurance, the banking union is a failure…
“As things stand, the banks are the permanent government of the country, whichever party is in power.”
– Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011)
On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism (SRM), a uniform system for closing failed banks. But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds. The deal involves multiple concessions to different countries and may be illegal under the rules of the EU Parliament; but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed.
View original post 1,601 more words
Podcast from mcalvany weekly commentary.
Neoclassical Economics Intended Consequences! Four Horsemen is an award winning independent feature documentary lifting the lid on how the world really works.
A must watch to better understand our debt based money system from the creation of bonds to the expansion of credit & who really benefits!
The National Bank of Panama announced that it has suspending all services until Tuesday the 1st of October. The National Bank of Panama claims that the reason for the 5 day bank holiday is to upgrade systems.
The Clave (Debit Card) system has been taken offline. No wire transfers between banks and internationally until the 1st of October.
This system wide shutdown has country wide implications. The National Bank of Panama did not warn the people before making the announcement and shutting down the banks. The people do not have access to ATM’s either. We received word of this from family members first. This weekend is payday for people across Panama.
Is the next Cyprus-style bankster bail-in about to be implemented in Panama? Read more at http://www.maxkeiser.com/page/2/#XiwqEKUD5BToVwAv.99
- Link to Banco Nacional De Panamá late announcement: http://www.prensa.com/uhora/economia/banco-nacional-panama-suspension-servicios-plataforma/208441
Link post Translated: National Bank of Panama suspend their services this weekend
From noon tomorrow, Friday, September 27, until Monday, September 30, the National Bank of Panama (BNP) suspended its services to implement Phase II of the process of updating its technology platform.reported that BNP Saturday 28 and Sunday September 29 will stop using key cards at ATMs Banconal both the entity, and the rest of the banking network across the country. For this situation, it was reported that ACH transactions received through online banking on Friday until noon on Monday will be processed on Tuesday, October 1.
People think that money is safe in the big banks because the FDIC will protect the deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating deposits when, (not if) a big bank fails. Individual, as well as public funds from municipal, university, county deposits are at serious risk. YOUR taxpayer money will disappear in the next crisis! Public officials in charge of taxpayer funds need to be aware of the dangers here. The loss of taxpayer funds and the inability to meet payrolls and obligations will certainly prompt a response that will both immediate and forceful.
This video may be useful to present to public officials to inform them of the dangers of losing public funds under their care.