Search Results for: bank of england

Bank of England claims: no more taxpayer bailouts

BOE Mark Carney

New rules are being proposed that will force creditors, not taxpayers, to carry the losses of banks deemed “too big to fail.” The plans come after Western taxpayers were asked to pay trillions of dollars to bail out banks in the 2008 financial crisis. The new global rules will force …

Read More »

Bank of England director warns: Bond bubble threatens financial system

Andrew Haldane

Bank of England Director: Andrew Haldane A key Bank of England policymaker has warned of the risks to global financial stability when “the biggest bond bubble in history” bursts. In a wide-ranging testimony to MPs, Andy Haldane, Bank of England director of financial stability, admitted the central bank’s new financial policy committee is taking …

Read More »

Australia has no gold

Reserve Bank of Australia

After a campaign throughout 2012 to seek clarity in regards to the location of Australia’s Gold Reserves the Reserve Bank of Australia (RBA) has confirmed today in an email to me that 99.9% of their Gold Reserves are held in the gold vault of the Bank of England. Please read …

Read More »

The gold price manipulation article the Financial Times removed

Financial Times gold

Two days ago the FT released a clear, informative and fact-based article, titled simply enough “Gold price rigging fears put investors on alert” in which author Madison Marriage, citing a report by the Fideres consultancy, revealed that global gold prices may have been manipulated on 50 per cent of occasions between …

Read More »

UK banks won’t survive another recession

Bank of England London

Former Bank of England governor Mervyn King has warned that British banks are too weak to weather another financial crisis, adding that government officials haven’t “got to the heart” of what went wrong in 2008. Speaking to BBC Radio 4 on Monday, King criticised current measures being taken by the …

Read More »

‘Big five’ bank customers vent anger by taking their money elsewhere

Customer cuts up Barclays bank card

Angry bank customers have been voting with their wallets and bombarding co-ops, building societies and credit unions with applications for current accounts over the past week, after the NatWest computer meltdown and the Barclays rate-rigging scandal. Data compiled by the campaign group Move Your Money UK shows an explosion in requests to switch from …

Read More »

The Libor scandal explained

Libor Scandal

According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing …

Read More »

How Will Rising Interest Rates and Inflation Affect UK Consumers?

UK Consumers

2016 was an interesting year from a financial perspective. Brexit, followed by an unexpected Trump victory in the U.S. election, all served to wreak havoc on the UK economy. Yet despite doom and gloom predictions from the Bank of England, the economy has remained remarkably resilient. The price of the …

Read More »

NatWest bank may start charging customers to hold cash

NatWest bank charge customers hold cash

NatWest has said it may start charging customers to hold cash if the economy takes a tumble. The bank warned more than one million of its customers it could introduce negative interest rates if that were to happen. This would mean customers are effectively paying the bank to hold their …

Read More »

Rothschild’s want Iran’s banks

Iran Central Bank

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to …

Read More »

Germany accelerates gold repatriation as confidence in euro plunges

Germany gold repatriation euro

Berlin is bringing home its gold reserves stored in New York, London and Paris faster than scheduled, Germany’s central bank said Thursday. The move is linked to surging euroskepticism, as new governments in France and Italy may ditch the single currency. The German Bundesbank has already moved 583 tons of …

Read More »

US and UK conducting war games for banking collapse

Money currency

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack Lew and the UK’s Chancellor of …

Read More »

OpIcarus: Anonymous shut down central banks, call for ‘online revolution’

OpIcarus Anonymous central banks online revolution

Hacktivist collective Anonymous has launched cyber-attacks on major financial institutions across the world, including the Bank of England, in order to “start an online revolution.” Hackers claimed to have taken down the Bank of England’s internal email server as part of an operation dubbed ‘OpIcarus.’ Mail.bankofengland.co.uk was down for part of …

Read More »

Americans warned bank ‘bail-ins’ coming

Experts say institutions will grab deposits without warning With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future …

Read More »

All wars are bankers wars

Bankers wars

Behind every major war in history are the bankers and money men. In this modern era nothing has changed. “Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the …

Read More »

Are central banks overstating their gold holdings?

Empty Gold Vault

Romania has demanded for many years that Russia return its gold. Last year, Venezuela demanded the return of 90 tons of gold from the Bank of England. As everyone knows, the German high court ruled that Germany must audit its gold reserves held in foreign countries such as the U.S., England and France. And …

Read More »

“We are in a financial holocaust” – Max Keiser says in Parliament

Max Keiser George Galloway

The economic crisis has led to a “financial holocaust” which will lead to millions of deaths, said Max Keiser, the outspoken activist and financial presenter for the Russia Today television channel. On invitation from Respect MP George Galloway to deliver an address on “the coming currency collapse” on Tuesday night in Parliament’s …

Read More »