Home » Posts tagged 'bank deposits'
Tag Archives: bank deposits
ECB and the Coming Banking Crisis
ECB and the Coming Banking Crisis QUESTION: Mr. Armstrong; Your post of November 16th where you state that the ECB is looking to freeze accounts in a banking crisis, does that mean they will no longer honour the claimed insurance of €100,000 per account? PH ANSWER: No. They will not pretend to eliminate that […]
Three reasons why the banking system is rigged against you
Three reasons why the banking system is rigged against you If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard of made a stunning […]
The Lock Down Has Begun: JP Morgan Restricts ATM Cash Withdrawals
The Lock Down Has Begun: JP Morgan Restricts ATM Cash Withdrawals Last month All News Pipeline warned that major banks were preparing to tighten the screws on American account holders starting April 1st. It appears that the lock-down of cash has begun. Citing criminal activity as a factor, JP Morgan is limiting cash withdrawals at ATM machines. The bank said […]
Mises.org: And So It Begins…Negative Interest Rates Trickle Down in Japan
MISES.ORG: AND SO IT BEGINS… NEGATIVE INTEREST RATES TRICKLE DOWN IN JAPAN The negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks have begun to impose negative interest rateson accounts held by institutional investors. It shouldn’t be surprising that Japanese banks are […]
The Catastrophic Threat of Bail-Ins
The Catastrophic Threat of Bail-Ins It has now been more than two and a half years since the Cyprus Steal , the first “bail-in” perpetrated in the Western world, occurred. Before reviewing the history of this newest financial atrocity, it is necessary to define the terms. The term “bail-in” describes a scenario in which a bank confiscates private property […]
EU Aims to Lure Greek Deposits Back to Banks With Bail-in Shield
EU Aims to Lure Greek Deposits Back to Banks With Bail-in Shield Euro-area finance ministers shielded Greek bank depositors from any losses resulting from the restructuring of the nation’s financial system, as part of Friday’s deal on an 86 billion-euro ($96 billion) bailout. Senior bank bondholders will be in the crosshairs if Greek lenders tap […]
When Money Dies
When Money Dies “When Money Dies” is the title of a 1975 book by Adam Fergusson, in which he describes the downfall of the Reichsmark in Weimar Germany. A fascinating look at that period of history, one can glean quite a few useful pieces of advice on how to survive a currency crisis. But “when […]
Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans Washington’s Blog
Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans Washington’s Blog. Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books. Robert B. Anderson, Treasury Secretary under Eisenhower, said it in 1959: When a bank makes a loan, it simply adds to […]
