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Three Reasons Why The Banking System Is Rigged Against You

Submitted by Simon Black via SovereignMan.com, f there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard of made a stunning announcement that has sweeping implications for anyone with a bank account.
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The Entire System Is Rigged Against Your Prosperity

Business & Finance : Zero Hedge

Submitted by Simon Black via SovereignMan.com, On January 26, 1841, two years into the First Opium War between China’s Qing Dynasty and the British Empire, Commodore Sir Gordon Bremer hoisted the British flag above Possession Point ...

US Government Agency Concerned That Terrorists Might Use Kickstarter

Business & Finance : Zero Hedge

Submitted by Simon Black via SovereignMan.com, They called it the Bank Secrecy Act (BSA). But it’s one of the most poorly named pieces of legislation in US history. They might as well have called it the “Bank Sell-Your-Customers-Out...

"Fortress" Balance Sheets? FDIC Slams Biggest US Banks, Says Capital Reserves "Inadequate"

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Submitted by Simon Black via SovereignMan.com, On Friday morning, a gentleman named Thomas Hoenig wrote some rather unflattering comments about the US banking system in a little known publication called the Wall Street Journal. In h...

The Financial System Is Breaking Down At An Unimaginable Pace

Business & Finance : Zero Hedge

Submitted by Simon Black via SovereignMan.com, Now it’s $13 trillion. That’s the total amount of government bonds in the world that have negative yields, according to calculations published last week by Bank of America Merrill Lynch...

Everything That's Wrong With Banking Summed Up In One Bonehead Advertisement

Business & Finance : Zero Hedge

Submitted by Simon Black via Sovereign Man blog, If you’re looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%! That’s right. ANZ is offering its depositor...

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