“As things stand, the banks are the permanent government of the country, whichever party is in power.”
– Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011)
On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism (SRM), a uniform system for closing failed banks. But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds. The deal involves multiple concessions to different countries and may be illegal under the rules of the EU Parliament; but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed. Continue reading “Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins”

JHaines
These blatant and unwarranted attacks upon our freedoms , our industries, and our patience, must be addressed! The alphabet mafia must be SHUT down! Until then, they’ll keep poking their fingers into our eyes, till finally, they get a rise out of us.
Natural News – by David Gutierrez
NTI
Natural News – by JB Bardot, Jan 17, 2012
Best Years in Life – by Tony Isaacs
The Best Years in Life