Category Archives: Banking System

Jean-Claude Juncker deserves to be humiliated

EU Commission chairman jean-Claude Juncker has been hit by a bus: the revelations on tax havens built in Luxemburg for 300 large European companies under Junker’s government in the last 18 years. The EU had already opened an investigation on … Continue reading

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London’s Fascist “Bail-in” Scheme To Be Tested in a “Financial War Game” in Washington

The “bail-in” scheme cooked up by the British Empire to maintain their control over a disintegrating trans-Atlantic financial sector, will be subjected to a “financial war game” test today. At a closed-door meeting at the FDIC’s headquarters, “the top financial … Continue reading

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City of London Addicts Scream for Bigger QE Fix from ECB

The amount of quantitative easing and other forms of financial “smack” that ECB President Mario Draghi announced this week that he will provide to the desperately addicted European banking system, is “pitifully small and mostly window dressing,” Ambrose Evans-Pritchard protested … Continue reading

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HSBC Headquarters Raided in Argentina

Call it “the Mother of the Vultures.” HSBC, the Crown Jewel of the British monarchy’s Opium Wars, then and now, found its Buenos Aires headquarters and two other offices raided Wednesday by agents of Argentina’s AFIP tax bureau, in search … Continue reading

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Argentina Sues U.S. Government at the International Court at The Hague

The Argentine government filed suit Thursday at the International Court at The Hague against the U.S. government, charging that it has violated its “international obligation to respect the sovereignty of the Argentine Republic, particularly its sovereign immunity.” The Court issued … Continue reading

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Evans-Pritchard Argues that Banco Espirito Santo Was Bailed Out

City of London mouthpiece Ambrose Evans-Pritchard writes that the “rescue” of Portugal’s Banco Espirito Santo was a bail-out and not quite a bail-in, and that European officials backed off on bailing in all creditors and unsecured depositors by their new … Continue reading

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Glass-Steagall’s Repeal Made Vulture Funds Possible; Argentina Should Run With BRICS Option

As Argentina continues to resist the British Empire’s war to annihilate it, its defenders are increasingly pointing to the fact that the 1999 repeal of the Glass-Steagall Act allowed the vulture funds to flourish, as globalization took hold. President Cristina … Continue reading

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Threat of Crash Coming Closer

A worldwide stock-market rout as August began, accentuated in European markets, reflected flashing red signals of the trans-Atlantic financial system in trouble. Of most import is the collapse of Portugal’s largest banking group, Espirito Santo. The last part of that … Continue reading

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Bail-in Coming in Portugal with Contagion

Portugal’s biggest commercial bank, Banco Espirito Sancto (BES), is roughly a $100 billion bank, not in the trans-Atlantic megabank league, but about the size of the German Landesbanken which started to go insolvent in 2007. BES’s massive $5 billion first-half … Continue reading

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British Empire Set to Foreclose on All of Europe, Using their Vulture Funds and Russia Sanctions

The same predatory vulture funds that have gotten a green light from the Obama administration and the Supreme Court of the United States to foreclose on the nation of Argentina and wipe it, and its 41 million inhabitants, off the … Continue reading

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