bank of england

Central Bankers’ Desperate Grab for Power

Ellen Brown / Truthdig Sep 17, 2019 Central bankers are proposing a radical economic reset that would shift even more power from governments to themselves. Dig deeper ( 5 Min. Read )

Dow Drops Another 1,000 Points as Selling Spreads

MARLEY JAY / The Associated Press Feb 8, 2018 The Dow and the Standard & Poor's 500 market indexes have dropped 10 percent from their all-time highs, set Jan. 26. This puts them in what Wall Street calls a correction, their first in almost two years. Dig deeper ( 3 Min. Read )

2015 in Review: Amid the Gloom Covering Our Planet, Some Rays of Light

Alexander Reed Kelly / Truthdig Dec 22, 2015 On the winter solstice, a Truthdig review of the year's environmental stories finds cause for hope in our poison-riddled world. Dig deeper ( 8 Min. Read )

Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans

By Ellen Brown, Web of Debt Oct 26, 2014 While banks do not need deposits to create loans, they do need to balance their books; and attracting customer deposits is usually the cheapest way to do it. Dig deeper ( 6 Min. Read )

Winner Takes All: The Super Priority Status of Derivatives

By Ellen Brown, Web of Debt Apr 10, 2013 With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens -- secured and unsecured, insured and uninsured -- into the hands of derivative claimants. Dig deeper ( 8 Min. Read )

The Confiscation Scheme Planned for U.S. and U.K. Depositors

By Ellen Brown, Web of Debt Mar 28, 2013 Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making. Dig deeper ( 7 Min. Read )