Where did the Greek bailout money go? Only a small fraction of the €240bn (£170bn) total bailout money Greece received in 2010 and 2012 found its way into the government’s coffers to soften the blow of the 2008 financial crash and fund reform programmes.
Most of the money went to the banks that lent Greece funds before the crash. Unlike most of Europe, which ran up large budget deficits to protect pensioners and welfare recipients, Athens was then forced to dramatically reduce its deficit by squeezing pensions and cutting the minimum wage. The IMF Has Made €2.5 Billion Profit Out of Greece Loans. By Jubilee Debt Campaign / jubileedebt.org.uk The IMF has been charging an effective interest rate of 3.6% on its loans to Greece.
This is far more than the interest rate the institution needs to meet all its costs, currently around 0.9%. If this was the actual interest rate Greece had been paying the IMF since 2010, it would have spent €2.5 billion less on payments. Out of its lending to all countries in debt crisis between 2010 and 2014 the IMF has made a total profit of €8.4 billion, over a quarter of which is effectively from Greece. Iceland Dismantles the Corrupt - Then Arrests Ten Rothschild Bankers. "The truth of the matter is… No one, except the Icelanders, have to been the only culture on the planet to carry out this successfully.
Not only have they been successful, at overthrowing the corrupt Gov’t, they’ve drafted a Constitution, that will stop this from happening ever again. "That’s not the best part… The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown. Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction... " "...Pressure from Icelandic citizens’ has managed not only to bring down a government, but also begin the drafting of a new constitution (in process) and is seeking to put in jail those bankers responsible for the financial crisis in the country.
" Bankers Arrested In Iceland, Ireland, UK, USA, Switzerland, India, France, Ru... How The Federal Reserve Steals Your Money & Why It Must Be Stopped. Please support us and follow our Facebook page A simple animated explanation of HOW the private Federal Reserve steals your money and WHY it must be stopped We are all being scammed by the most basic elements of our government system.
Do you know how your money is created? Fed’s Regional Banks Are ‘Unconstitutional,’ Brookings Paper Says. What is of particular note is that this paper comes from a Brookings Institution scholar.
Brookings is generally liberal in its disposition. I am not keen on the prescription. Notice that the author comes short of calling the Fed itself unconstitutional. But at least there is some criticism of the Fed coming from the lefty camp. Rogue bankers. Banking elite. Debt free $ For the last time: poor people didn't cause the financial crisis. Ever since the subprime mortgage crisis broke in 2008, certain corners have clung to a narrative that centers not on reckless risk-taking by big banks or poor regulatory oversight but on, well, poor people, and the policies meant to help them afford homes.
According to this theory, policies meant to improve access to credit among low-income people and disadvantaged minorities, most notably the Community Reinvestment Act of 1977 (CRA), encouraged banks to make risky loans, which eventually fell through, causing the crash. While many conservatives, like former Fed governor and Bush administration economist Randall Kroszner, rejected this view, others — including Charles Krauthammer, former Rep.
Ron Paul (R-TX), former Gov. Mike Huckabee (R-AR), former Rep. Michele Bachmann (R-MN), and even ex-New York mayor Michael Bloomberg — have embraced it. Atm fees. Andrew Jackson. Bad time. Dollar. Billions on wall st. Revolving door. Freddy vs banker. Supes. How the I.R.S. Abuses Criminal Law to Steal Money from Innocent Americans. Carey Wedler October 27, 2014 (TheAntiMedia) Over the weekend, the New York Times revealed that the Internal Revenue Service has been abusing a civil assets forfeiture law intended to target drug traffickers, racketeers, and terrorists.
Instead of catching “evil-doers,” it more commonly uses these policies to confiscate money from innocent people without ever charging them with a crime. The I.R.S. justifies its confiscations through what it calls “structuring,” or depositing less than $10,000 at a time to avoid having to report income-this is illegal. Pursuant to the Bank Secrecy Act, deposits of over 10,000 dollars must be reported by banks to the government, but the government also requires that banks report deposits under $10,000 that seem “suspicious.”
Last year, banks filed over 700,000 reports, and often, a mere bank report is enough for the government to obtain a “seizure warrant.” Subsidies. Thomas Jefferson. This dollar can buy. We'll print more. Henry Ford. The Confidential Memo at the Heart of the Global Financial Crisis. Obey your dictator. "The House of Rothschild: Money's Prophets" [Documentary] Feudalism. Nicholas Wilson exposing HSBC fraud!!! Out of options, bank fraud whistleblower turns to Twitter. The wolves are at the door for Nick Wilson.
The bearded 57-year-old meets me at the station in the rickety old town of Hastings, on the south coast of England, famed in this country for the 1066 battle. In more recent folklore, Hastings is said to have been cursed by the occultist Aleister Crowley at the end of his life. Wilson, who goes by the name Mr Ethical on Twitter, is adamant that he’s been jinxed, too—by his former bosses, who made him a pariah after he blew the whistle on what he claims is massive financial fraud by one of the world’s biggest banks. After stopping off at the pharmacy to pick up medication for his anxiety and depression, the sandal-clad Wilson shows me into his rundown cottage overlooking the English Channel.
Monopoly rules. Doesn't grow on trees. Rothschild 2. Rothschild. The truth is out: money is just an IOU, and the banks are rolling in it. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning".
Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window. To get a sense of how radical the Bank's new position is, consider the conventional view, which continues to be the basis of all respectable debate on public policy. Wall Street’s civil rights disgrace: Inside a quiet, evil lobbying effort. Since the financial crisis of 2008, a defining question has been how to rein in Wall Street’s most reckless practices.
In the face of the Dodd-Frank Act, a nascent Consumer Financial Protection Bureau and some impressive legal settlements against banks involved in securities fraud and abusive loan servicing, Wall Street has not been shy about taking countermeasures. After lobbying furiously against financial reform, the financial industry has worked to defang the new regulatory regimes where it can. For the most part, this response has aimed at rolling back reforms put in place following the 2008 financial crisis.