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Bank Deposits Confiscation: Global Outlook

In March 2013 the events in Cyprus shock the world to hit the radar screen of world media. The bank deposits were confiscated. Some tried to make it look as an emergency measure, an exclusion from the rules that define banking activities and the functioning of market economy. But there is a solid ground to believe the confiscations are to become a routine feature of everyday life... Europe is leaving others behind on the way to introducing the haircuts of deposits. Or the European Union, to be exact. The first step was made on April 24...

Valentin KATASONOV | 11.06.2013


 

«Dragon Family Gold» and US Federal Reserve System (II)

David Wilcock, the author of a series of publications under a single name Financial Tyranny thinks the concentration of giant reserves of gold in clandestine storages was needed by the world oligarchy for the issuance of paper money flows without any back up. Some other authors share the support of this version referring to Adam Smith, who in his The Wealth of Nations made a thorough study of the woes inherent in the financial system backed by gold and the ways to make it without gold currency. He proved it to be evil for capitalists and the whole society. The only beneficiary of the gold standard, imposed on many states by the end of the XIX century, were the Rothschilds, who controlled the major portion of gold, at least in Europe, if not in the whole world...

Valentin KATASONOV | 10.12.2012




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OUR COLUMNIST
    Paul Craig ROBERTS

Financial Market Manipulation Is The New Trend: Can It Continue?

Governments and economists take their hats off to free markets.  Yet, the markets are rigged, not free. ... No country dependent on foreign capital is sovereign.  A country dependent on foreign capital, especially from enemies seeking to subvert the economy, is subject to destabilizing currency and economic swings.  Russia should self-finance. ...The greatest harm that is being done to the Russian economy is not due to sanctions and the US attack on the ruble.  The greatest harm is being done by Russia’s neoliberal economists. Neoliberal economics is not merely incorrect.  It is an ideology that fosters US economic imperialism. ... If Russia is to survive, Putin must protect Russia from Western economic institutions and Western trained economists. 

18.12.2014
 
 
 
 
 
 
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