Brexit and the Derivatives Time Bomb by Ellen Brown

Brexit

Image by Rich Girard via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 1, 2016

Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.

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The Panama Papers: War on Corruption or War on Savers? by Ellen Brown

No Cash

Image by Stephan Rosger via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 10, 2016

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

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Ellen Brown: Banks Can Take Your Money In A Crisis

NO BAIL! SEND 'EM TO JAIL!!

Image by A. Golden via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 13, 2016

My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann below.

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Your Life Savings Could Be Wiped Out In A Massive Derivatives Collapse by Ellen Brown

HSBC_valentinesdemo_DSC_0047

Image by Michael Fleshman via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 29, 2015

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills.

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Hang Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion Bail-in by Ellen Brown

No Cash

Image by Stephan Rosger via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 20, 2015

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?

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Propping Up the Derivatives Casino: Don’t Count on the FDIC by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 1, 2014

FDIC sticker, former bank drive up, Casa Grande, AZ

Image by saguarosally via Flickr

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking. Continue reading

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 29, 2014

“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

Ellen Brown on Bail-ins (the Big Disaster Coming), GMO Foods, Trans Pacific Partnership (#TPP)

2013 March Against Monsanto DC 10

Image by Stephen D. Melkisethian via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 4, 2013

Greg Hunter on Dec 1, 2013

Ellen Brown, founder of WebofDebt.com, thinks so-called ‘bail-ins’ are coming. Depositors’ money will be legally taken. Brown says, “That’s the big disaster that’s coming. Probably one of these big derivative banks will go bankrupt . . . the derivative players will get first dibs. They’ll grab all the deposits, and there won’t be anything left.” Join Greg Hunter as he goes One-on-One with author and journalist Ellen Brown.

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Wall Street Is No Longer a Safe Place to Keep Our Money by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 23, 2013

Post Office & Savings Bank

Image by duncan via Flickr

The U.S. Postal Service (USPS) is the nation’s second largest civilian employer after WalMart. Although successfully self-funded throughout its long history, it is currently struggling to stay afloat. This is not, as sometimes asserted, because it has been made obsolete by the Internet. In fact the post office has gotten more business from Internet orders than it has lost to electronic email. What has pushed the USPS into insolvency is an oppressive 2006 congressional mandate that it prefund healthcare for its workers 75 years into the future. No other entity, public or private, has the burden of funding multiple generations of employees who have not yet even been born.

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Money Is Not Safe In The Big Banks + Ellen Brown: The FED and Public Banking Explained

Dandelion Salad

FDIC sticker, former bank drive up, Casa Grande, AZ

Image by scrappy! via Flickr

publicbankingtv on Aug 24, 2013

People think that money is safe in the big banks because the FDIC will protect the deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating deposits when, (not if) a big bank fails. Individual, as well as public funds from municipal, university, county deposits are at serious risk. YOUR taxpayer money will disappear in the next crisis! Public officials in charge of taxpayer funds need to be aware of the dangers here. The loss of taxpayer funds and the inability to meet payrolls and obligations will certainly prompt a response that will both immediate and forceful.

This video may be useful to present to public officials to inform them of the dangers of losing public funds under their care.

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Ellen Brown: A Derivatives Time-Bomb + Thom Hartmann: What to do with the Slaves When They are no Longer Needed?

with Ellen Brown
Writer, Dandelion Salad
webofdebt.com
August 18, 2013

Capitalism is Crisis

Image by celesteh via Flickr

CapitalWatch on Aug 17, 2013 Continue reading

The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks by Ellen Brown

Glass-Steagall Now

Image by Prehensile Eye via Flickr

by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
August 5, 2013

The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, the depositors were “bailed in” (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks.

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Think Your Money is Safe in an Insured Bank Account? Think Again. by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
July 6, 2013

Nationalise the Banks

Image by The Workers’ Party of Ireland via Flickr

A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money.

When Dutch Finance Minister Jeroen Dijsselbloem told reporters on March 13, 2013, that the Cyprus deposit confiscation scheme would be the template for future European bank bailouts, the statement caused so much furor that he had to retract it. But the “bail in” of depositor funds is now being made official EU policy. On June 26, 2013, The New York Times reported that EU finance ministers have agreed on a plan that shifts the responsibility for bank losses from governments to bank investors, creditors and uninsured depositors.

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Bail-out Is Out, Bail-in Is In by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
April 9, 2013

Nationalise the Banks

Image by The Workers’ Party of Ireland via Flickr

“[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

—Eric Sprott, Shree Kargutkar, “Caveat Depositor

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus.  Continue reading

Why Derivatives Threaten Your Bank Account–All Depositors May Be at Risk by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
April 9, 2013

Nationalise the Banks

Image by The Workers’ Party of Ireland via Flickr

Shock waves went around the world when the IMF, the EU, and the ECB not only approved but mandated the confiscation of depositor funds to “bail in” two bankrupt banks in Cyprus. A “bail in” is a quantum leap beyond a “bail out.” When governments are no longer willing to use taxpayer money to bail out banks that have gambled away their capital, the banks are now being instructed to “recapitalize” themselves by confiscating the funds of their creditors, turning debt into equity, or stock; and the “creditors” include the depositors who put their money in the bank thinking it was a secure place to store their savings.

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