banks Archives - Page 5 of 9 - theDrahos

Banks Squirm As Congress Moves To Cut The 6% Dividend Paid To Them By The Fed

By ickonic Posted on July 30, 2015 Posted in Aggregated No Comments Tagged with banks

‘Did you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel? Must be nice, considering savers who had nothing to do with cratering the world economy, and failed to receive a taxpayer funded bailout, can barely earn 0.5% on their money. It’s also quite […]

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Report: Bank Tells Third Party When Customers Physically Visited

By ickonic Posted on July 29, 2015 Posted in Aggregated No Comments Tagged with banks, Big Brother, UK

‘Halifax Bank in the United Kingdom is passing on information to a third party detailing when its customers physically visited the bank, a policy that is sure to concern privacy advocates. We were contacted by a Halifax customer who told us that he received a call yesterday from a company called Network Research asking for […]

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Greece relaxes capital controls, as talks on third €86bn bailout start in Athens

By ickonic Posted on July 28, 2015 Posted in Aggregated No Comments Tagged with austerity, bailouts, banks, capital controls, greece

‘The Athens Stock Exchange is expected to open on Tuesday after a three-week timeout, as a mission of creditors arrived in Athens to hold talks over the Greek three-year financial aid plan. The Greek newspaper Kathimerini says the stock exchange will work with certain limitations imposed by the ECB, as it is worried about the […]

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Global Derivatives: $1.5 Quadrillion Time Bomb

By ickonic Posted on July 26, 2015 Posted in Aggregated No Comments Tagged with banks, derivatives

‘When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, […]

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Multinational Vultures Cluster Round Greece: Airports, Ports, Tourist Resorts, Energy Assets and Utilities

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with banks, greece, privatisation

‘The sentence of privatisation, which Britain has found inefficient and expensive in most cases, has been passed on Greece. On July 12, the summit of eurozone leaders dictated terms to Greek Prime Minister Alexis Tsipras, who accepted all, including the sale of Greece’s remaining public assets. Business Insider reports that Eurozone leaders demanded that Greek […]

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Greeks Laugh As Bankers Implore Depositors Return Money – ‘Banks Are Trustworthy’

By ickonic Posted on July 22, 2015 Posted in Aggregated No Comments Tagged with banks, capital controls, greece

‘President of Greek Banks Association Louka Katseli appealed at the citizens to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV “as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the last months. […]

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Greece news: Greek banks reopen, but a hefty new sales tax – on everything from coffee to taxis to condoms – brings fresh confusion

By ickonic Posted on July 21, 2015 Posted in Aggregated No Comments Tagged with banks, capital controls, greece

‘Greek banks have opened for the first time in over three weeks – a move that the government hopes will help get the economy back to normal following a period dominated by fears over the country’s future in the euro. Strict controls on the amounts individuals can withdraw remain, however, and new austerity taxes demanded […]

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The Truth About Our Cashless Society Future

By ickonic Posted on July 18, 2015 Posted in Aggregated No Comments Tagged with banks, New World Order, ponzi scheme

‘As more and more economic turmoil continues to brew on an international scale, the global elite are manufacturing a global solution in the form of a cashless society. Dan Dicks breaks it down in this PFT video report.’

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Greece: PM Tsipras Banishing Ministers Opposing Sellout to Creditors, Syriza Sharply Divided

By ickonic Posted on July 17, 2015 Posted in Aggregated No Comments Tagged with austerity, banks, eu, greece, referendum

‘Finance Minister Yanis Varoufakis resigned after being pushed out – replaced by Euclid Tsakalotos. After leaving, he said he’s no longer under “incredible pressure to negotiate for a position I find difficult to defend…” He cited the “complete lack of any democratic scruples (displayed by) the supposed defenders of Europe’s democracy. (V)ery powerful figures look […]

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Apple pay flops on day one: Millions unable to use new pay-by-phone service as major banks fail to join scheme

By ickonic Posted on July 15, 2015 Posted in Aggregated No Comments Tagged with Apple Pay, banks

‘Millions of customers at some of Britain’s biggest banks found themselves unable to use Apple’s new tap-to-pay service yesterday. As Apple Pay went live, those with accounts at HSBC, First Direct, Barclays, Lloyds and Halifax could not take advantage. The technology allows shoppers to buy anything from a coffee to a pair of socks by […]

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Apple pay flops on day one: Millions unable to use new pay-by-phone service as major banks fail to join scheme

By ickonic Posted on July 15, 2015 Posted in Aggregated No Comments Tagged with Apple Pay, banks

‘Millions of customers at some of Britain’s biggest banks found themselves unable to use Apple’s new tap-to-pay service yesterday. As Apple Pay went live, those with accounts at HSBC, First Direct, Barclays, Lloyds and Halifax could not take advantage. The technology allows shoppers to buy anything from a coffee to a pair of socks by […]

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Tsipras Betrays Referendum, Sells Out to the Banks

By ickonic Posted on July 11, 2015 Posted in Aggregated No Comments Tagged with austerity, banks, ecb, greece, imf, referendum, syriza

‘Greek Prime Minister Alexis Tsipras has proposed eleventh hour concessions to European central banks despite the overwhelming rejection of an austerity deal by the Greek people. He told Syriza lawmakers they must back reforms and keep the country in the euro. “We are confronted with crucial decisions,” he said during a party meeting, according to […]

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Tsipras Betrays Referendum, Sells Out to the Banks

By ickonic Posted on July 11, 2015 Posted in Aggregated No Comments Tagged with austerity, banks, ecb, greece, imf, referendum, syriza

‘Greek Prime Minister Alexis Tsipras has proposed eleventh hour concessions to European central banks despite the overwhelming rejection of an austerity deal by the Greek people. He told Syriza lawmakers they must back reforms and keep the country in the euro. “We are confronted with crucial decisions,” he said during a party meeting, according to […]

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Jeb Bush: ‘People Need to Work Longer Hours.’ Media Soften It

By ickonic Posted on July 11, 2015 Posted in Aggregated No Comments Tagged with banks, corporations, income

‘Jeb Bush, on July 8th: “My aspiration for the country, and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work […]

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“Guerrilla Warfare Against a Hegemonic Power”: The Challenge and Promise of Greece

By Max Keiser and Stacy Herbert Posted on July 9, 2015 Posted in Aggregated No Comments Tagged with banks, ecb, greece, Headlines, public banks, syriza

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an…