Tag Archives: Banco Espirito Santo

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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A Moment of Truth has been Reached: Oust Obama or Face Thermonuclear Extinction

A moment of truth has been reached, where it is now absolutely urgent that President Barack Obama be removed from office. The alternative is a growing likelihood that the British, through their White House pawn, will unleash such a direct … 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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Hysteria Grips Some Central Banks as Collapse Threatens

Both the International Monetary Fund and Mario Draghi have again tried hard over the past 24 hours to conjure a big Eurozone “quantitative easing” scheme into existence, as the European banking system is showing signs of an early “recollapse” which … Continue reading

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Winning the Race Against Time

Yesterday, Day One of the first full session of the House and Senate in Washington after the July 4th break, saw Congressmen and staff hit full force by the LaRouchePAC constituency leadership—in person, and in effect—demanding action to impeach Obama, … Continue reading

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Today, Leading Bank in Portugal Is Going Under; Who Will Join Them Tomorrow?

The German government has issued four draft bills to introduce the European Union bail-in regime by 2015, a year earlier than the EU had been considering. There can be only one explanation for this rush: fear of an imminent, systemic … Continue reading

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