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There is still no decision on whether new members will be added. This can only happen when suitable moderators are in place, who are not easy to find for obvious reasons.
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BANKING & ECONOMY

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skipman
Member
#1981 | Posted: 3 Feb 2017 21:48
Reply 
What will make those who read about this case incandescent with rage is that after the bosses found out what was going on they still denied any wrong doing.

I hope but do not think, that those who were literally robbed by the bank get fully compensated and soon.

http://www.dailymail.co.uk/news/article-4183510/HBOS-banker-jailed-11-years-1bn-fraud .html

RBS have done exactly the same to its customers. I hope their turn comes soon.
skipman
Member
#1982 | Posted: 27 Feb 2017 16:52
Reply 
Shock and horror, Spanish bankers have actually been called to answer questions in a court of law. My question, will it lead to anything like jail time?

http://www.zerohedge.com/news/2017-02-19/unthinkable-just-happened-spain
skipman
Member
#1983 | Posted: 27 Feb 2017 17:13
Reply 
Follow up to the Spain post. Two have been sentenced but will they serve time?

http://wolfstreet.com/2017/02/23/former-imf-chief-dozens-of-former-bank-execs-just-go t-sentenced-to-jail/
skipman
Member
#1984 | Posted: 18 Mar 2017 23:53
Reply 
Whilst the news is all about the up coming elections in Holland, (how does a party which increases it number seats be called the loosing party?) France and Germany. There is a ticking bomb that no one wants to discuss and it is not immigration.

http://www.blacklistednews.com/Deepening_EU_Banking_Crisis_Meets_Euro-TARP_and_Taxpay ers/57391/0/38/38/Y/M.html
nordsee220
Member
#1985 | Posted: 19 Mar 2017 19:52
Reply 
POLYMER BANKNOTES

Just a thought: If the new polymer banknotes were in turn replaced with biodegradeable plastic, wouldn't it be easy for the government to write off huge amounts of the national debt?

Let's say the odd person here and there has a stash of a few hundred quid. Maybe even a couple of grand or more, hidden from the wife. Is it possible that after say five years, he goes to his stash to find it has disintegrated?

He'd have little or no proof of serial numbers and so huge sums could be written off.

The notes aren't backed by anything anyway so all that would happen is the tiny drop would be removed from existence. With enough people hiding dough from their partners this could end up a huge sum.
skipman
Member
#1986 | Posted: 24 Mar 2017 21:30
Reply 
Mexico's central banks claims to have bought quite a lot of gold.

After years of back and forth someone has manged to ferret out something of the truth.
The majority of the gold is kept in the Bank of England vaults and a tiny proportion is held in Mexico.

But is the gold really there or has it been loaned out and therefor been double counted?

Time will tell.

http://www.silverdoctors.com/headlines/world-news/mexicos-earmarked-gold-bars-at-the- bank-of-england-vaults/
skipman
Member
#1987 | Posted: 16 Apr 2017 21:13
Reply 
There is much misinformation in the news lately, one can only assume that there is much that they do not want the sheeple to know.

It is a criminal offence to run a business whilst it is insolvent. That is your liabilities are greater than your assets or you are unable to pay your creditors.

Banks seem to be immune, for the moment, from normal business law. In fact they have come up with a way to sell those worthless liabilities as a derivative. Its mortgage backed securities all over again.

http://wolfstreet.com/2017/04/13/heres-italys-latest-plan-b-where-desperation-meets-i nsanity/
skipman
Member
#1988 | Posted: 19 Apr 2017 22:46
Reply 
The Chinese are learning that theri banks are just as corrupt as Western banks.

http://www.zerohedge.com/news/2017-04-19/investors-rage-after-3-billion-yuan-vanish-c hinas-largest-private-bank
nordsee220
Member
#1989 | Posted: 25 Apr 2017 23:15
Reply 
HMMM...WHAT'S UP DOC?

Here's me, in my blissful ignorance, believing that the funds in a CASH ISA are safe, because that's what we've always been told, then VIRGIN MONEY slip this into an email!

Fancy winning 2,000? All you need to do is fill in our entry form and pay or transfer into an existing or new Virgin Money ISA before 2 May 2017.
Terms apply. Remember, the value of your investments can go down as well as up and you may get back less than you invest.


"....investment.....can go down...get back less than you invest...????

Am I hearing alarm bells ringing?
skipman
Member
#1990 | Posted: 26 Apr 2017 11:25
Reply 
nordsee220:
Am I hearing alarm bells ringing?

More like a siren.
skipman
Member
#1991 | Posted: 5 May 2017 16:15
Reply 
A very good documentary about the failure to prosecute HSBC who were laundering money for drug cartels and helping finance terrorists.

Make sure you have a note book there are a lot of interesting facts that come out in the great piece of work.

https://www.youtube.com/watch?v=2gK3s5j7PgA
skipman
Member
#1992 | Posted: 7 May 2017 20:27
Reply 
A question from an student who is studying economics.

http://globalmillennial.org/2017/05/04/dear-economists-cant-predict-recession/

Did you know that economics courses do not teach how money, banks, debt and their relationship to one another. Economic models never take into account the amount of debt that banks carry.

If you do not have all the facts how can you make correct predictions?
skipman
Member
#1993 | Posted: 27 May 2017 21:23
Reply 
A number cruncher discovered an interesting fact. Just before the British government made an announcement about the economy there was a flurry of movement in options on the pound. You might think this normal, if the figure was one thing they would make money if not they would lose, they were betting on what they thought it would be, after all they are analysts.

Except these guys were getting it right every time, without exception. He also noticed that the figures are released to certain government departments 24 hours before being officially announced.

Coincidence? He checked what options are made in countries that do not give departments 24 hour notice of the figures. No options are made.

Call me paranoid but I would be checking who in that group who get the heads up, has shares or links to those companies that have the lucky streak.
skipman
Member
#1994 | Posted: 31 May 2017 16:25
Reply 
skipman
Member
#1995 | Posted: 9 Jun 2017 12:44
Reply 
A bank in Spain has collapsed and the investors have had to take the hit, not the public. Could this be the start or is it a stalling move?

http://wolfstreet.com/2017/06/07/bail-in-era-for-europe-banking-crisis-spain-italy/
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