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David Rockefeller “We are on the verge of a global transformation. All we need is the right major crisis.”

Archive for the Category ‘Banks’

Canadian Interest rates set to rise in 2011: Economist

Canadian Interest rates set to rise in 2011: Economist

As predicted by many economists like Peter Schiff, central bank interest rates around the world are beginning to rise, or are predicted to rise in a controlled manner in about 2 years’ time according to the bank of Canada’s assessment of its countries’ economic conditions until 2011 according to Helmut Pastrick, chief economist with Central 1.
2.5% [...]

The US Banking System’s Bankrupt: Roubini, Prechter, Soros

The US Banking System’s Bankrupt: Roubini, Prechter, Soros

Today three heavyweight economic and financial analysts have given their frank opinions on the state of the American financial and banking system, and the news isn’t all that comforting, or as positive as the news outlets are telling the general public. Indeed, one does not even need any so-called expert to tell them that [...]

FDIC Insuring 8,200 Banks with $9 Trillion in Deposits and Zero in the FDIC

FDIC Insuring 8,200 Banks with $9 Trillion in Deposits and Zero in the FDIC

It sure looks like the FDIC is going bankrupt! I suppose only the Treasury Department can save them now.
Excerpt

Written by MyBudget360
The FDIC has greatly underestimated the problems of our nation’s banking system.  Earlier in the week the FDIC proposed that banks put up $45 billion to protect bank depositors.  The average American must be amazed [...]

Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt

Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt

By Bloomberg News
The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery.
Units of Frontier Financial Corp.,Towne Bancorp Inc. and Steel Partners Holdings LP are among 26 firms with more than one-fifth of their [...]

Wall Street’s 9/11: Did Lehman Brothers Fall or Was It Pushed?

Wall Street’s 9/11: Did Lehman Brothers Fall or Was It Pushed?

Written by Ellen Brown
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the new world order.” -David Rockefeller, International Banker

A year after the bankruptcy of Lehman Brothers on September 15, 2008, questions still swirl around its collapse. Lawrence MacDonald, whose book A [...]

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