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German public savings bank sets up 40 branches in Greece

Network of forty autonomous local branches planned for the Sparkassen Greece from 2014 onwards From Dimitri Katsagani If the older statesman etazan once to “every town and a university”, the current plan, together with German bankers, the European Union and those Greek businessmen still have some chapters in each county and a savings bank for the sake of SMEs in each …Read more »

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Post offices are too successful to be allowed survive, it seems. Liam Fay:

independent.ie LIAM FAY – PUBLISHED 01 MARCH 2014 02:30 AM Let Us Pay. Community Wants Motor Tax. Social Welfare not Government Welfare. A Safe Place To Save. As the placard slogans indicated, Wednesday night’s demonstration against post office closures, which saw hundreds of people gather outside Leinster House, was a remarkable event. The rally was powered by something very rare: a public desire …Read more »

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Michael Noonan is sending a signal out to Europe that Ireland can use another bank

Read full article on BusunessETC thejournal.ie “I’m sending a signal out to Europe that a growing Irish economy has space for more banking activity and we would welcome their participation.” Please Michael make it a Public Bank  and not just more the same as we have!  

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Commission calls for mass mergers among credit unions

Irish Independent CHARLIE WESTON PERSONAL FINANCE EDITOR – 17 APRIL 2012 Regulators feel that 407 separately owned and run credit unions is far too many. The move to encourage mass mergers among the lending co-operatives could see their number fall to as few as 250 over the next three years, although no official figure has been put on the number of …Read more »

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Insider warns that more banker assassinations are coming

www.examiner.com Kenneth Schortgen Jr., Finance Examiner Wednesday, 05 February, 2014 “However, on Feb. 5, an insider and former head trader for a top banking firm issued a warning that new information is out which shows that ‘hit squads’ have been made active in the Wall Street area, and that a high level banker tied to recent investigations into Forex manipulation, along with up …Read more »

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German savings banks – a model to follow?

By Simon Rose on December 11, 2013 Read full article Save Our Savers UK Focus on real economy  Although Germany has big banks with famous names and international reputations, the majority of business financing is carried out by the decentrally organised banking groups of which savings banks are a substantial part. The Savings Bank Finance Group has roughly 42% share of business financing, …Read more »

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Want to avoid credit union risk? Get rid of credit unions.

By Greg Allen, banking and finance consultant with GDA Consulting Aug 3, 2010 Financial regulator Matthew Elderfield and Kieron Brennan, chief executive of the Irish League of Credit Unions: could getting rid of credit unions be at the back of the regulator’s mind? Credit unions will vanish from Ireland over the coming years. A familiar pattern will emerge of small …Read more »

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Bank refuses to give customers their money unless they can prove a good reason for needing it.

Read full article dailycaller.com 2014/01/29/ International bank HSBC has been restricting its customers from withdrawing large sums of cash if they can’t provide a good enough reason for why they need it. The policy was brought in to effect in November 2013 , but customers were not notified of it. The rule was uncovered after the BBC’s “Money Box” program began investigating complaints by …Read more »

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Green Party UK: “The power to create money must be removed from private banks”

WRITTEN BY POSITIVE MONEY ON NOVEMBER 26, 2013. POSTED IN ENVIRONMENT & HEALTH & EDUCATION, PARLIAMENT & LEGISLATION One of the key paragraphs: EC661 The Green Party believes that, as the means of exchanging goods and services, the stock of money is a vital common resource which should be managed in the public interest. Yet only 3% of our money supply currently exists in the form …Read more »

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Post Office Bank Concept Gets Big Boost

Posted on January 29, 2014 by Yves Smith Naked Capitalism readers have frequently called for the Post Office to offer basic banking services, as post offices long have in many countries, notably Japan. That idea has gotten an important official endorsement in the form of a detailed, extensively researched concept paper prepared by the Postal Service’s Inspector General. I’ve embedded it and strongly …Read more »

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Enough Is Enough: Fraud-Ridden Banks Are Not L.A.’s Only Option

By Ellen Brown, Web of Debt  Posted on Jan 30, 2014. Read full article on truthdig This piece first appeared at Web of Debt.  “Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a …Read more »

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Britain needs German-style banking to reignite growth

Civitas http://www.civitas.org.uk/press/prSparkassen.php Britain needs German-style banking to reignite growth Copy Germany and create local banks, says report Coalition efforts to reform Britain’s over-centralised banks do not go nearly far enough, suggests a new Civitas report. Britain remains over- too reliant on big banks despite incoming Bank of England Governor Mark Carney’s recent warning that “too big to fail” banks are …Read more »

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PUBLIC BANKING IS A NO BRAINER FOR IRELAND

The PBFI would like people to learn all about the differences between public and private banking. Recent history of banking in Ireland, demands that we do banking differently: Recent history of banking in Ireland is a litany of abuse of privilege by big private banks: this must be stopped. IRELAND NEEDS A DIFFERENT CONCEPT IN BANKING, a concept of PUBLIC …Read more »

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Co-operative banks may be the way forward – by Brian Lucey TCD

Read full article here Irish Examiner Ltd. “Some encouragement of the formation of new co-operative banks would be useful, as would be a consideration of whether or not we should cap the size of domestic banks, to consider winding down all majority state-owned banks which have had moral hazard injected into them through bailing out, and to encourage the transference of …Read more »

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10 year old explains where money comes from.12-year old explains world debt

10 year old explains the truth about where money comes from… 12-year old girl, Victoria Grant, explains world debt

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How the Canadian government used to borrow from its own central bank

  @ 0% Interest!   Posotive Money article. taken from article by Ellen Brown Written by Ralph (Guest Author) on June 3, 2013. Posted in Bank of England & QE, Financial Crisis, Global Situation, Poverty, Debt and Inequality This is a brilliant article by Ellen Brown about how the Canadian government used to borrow from its own central bank at a …Read more »

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Vermont moves forward on public banking!

by Matt Stannard on January 20th, 2014 A new report released by advocates for a state bank in Vermont supports legislation introduced in the Senate to grant banking authority to the Vermont Economic Development Authority. The study, which explored the economic impacts of a public bank in Vermont, was conducted by the University of Massachusetts and the University of Vermont …Read more »

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The Church of England is also in the process of setting up a Credit Union

Archbishop wants Sir Hector Sants to lead financial services taskforce Read full story here on MoneyMarketing Former FSA chief executive Sir Hector Sants has been approached by Archbishop of Canterbury Justin Welby to lead a new financial taskforce, according to The Telegraph. Sants, who resigned from his role as Barclays head of compliance and government and regulatory relations in November …Read more »

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‘European banks are technically bankrupt’

  A new report by the International Labor Organization (ILO) says the Eurozone is in danger of losing 4.5 million jobs over the next four years, unless it changes its current economic policies.   According to the report, if the 17-nation bloc does not prevent the spike by shifting away from austerity, the number of its unemployed workers will reach to 22 …Read more »

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The Case for Parallel Public Banking Institutions

The Bank of North Dakota has a return on equity of 25-26% and has contributed over $300 million to the state (its only shareholder) in the past decade — a notable achievement for a state with a population of only 600,000. Timothy Canova is Professor of International Economic Law at Chapman University School of Law in Orange, California. In a June 2011 paper called …Read more »

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How much has Ireland paid for the EU banking crisis?

Michael Taft. thejournal.ie Ireland has been declared a ‘special case’ by Angela Merkel – and these figures show exactly why, writes Michael Taft. “The European banking crisis to date has cost every individual in Ireland nearly €9,000 each.  The average throughout the EU is €192 per capita.  I really don’t know what you can say after that.”            Jan 2013 Read …Read more »

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Impeachment of Paddy Quislings

Date:    24th September 2013 Ref:      MMD/LIR 1433  Impeachment of Paddy Quislings Like much of the population of Ireland I am deeply concerned at our drift to rapidly become slaves to Merkel’s cheque book leaving us with a Europe devoid of any other principals of humanity.  Would the impeachment of Taoiseach Enda Kenny be justified if one was to review his …Read more »

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Get Out of Big Banks NOW!

Irish Readers Please Note: Although this US article is very relevant to Ireland there is a word of caution re. Credit Unions. Randy Langel recommends transferring your money from the Big Banks to the safety of Credit Unions. This requires careful consideration in Ireland as a high percentage of CU funds are held in the Irish Big Banks. These are …Read more »

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“A blueprint for a new, working, banking system for Ireland” By James Deeny

James Deeny is a Director of a number of major IFSC companies and a retired Country Manager of HSBC Ireland Finance Dublin “A blueprint for a new, working, banking system for Ireland” It is a basic reality that the domestic banking sector in any country is only as good as the local economy and Ireland is no exception. Until such …Read more »

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Ireland in 2014 a BA -NAMA Republic, a land devoid of democracy. By Thomás O Cléirigh

By Thomás Aengus O Cléirigh “No matter who you vote into power we still get the same policies and gangsters lining their own pockets “   Read full article here Machholz’s Blog

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SME fightback hobbled by financing shortfall – The Examiner

SME fightback hobbled by financing shortfall Thursday, January 02, 2014   –  By Kyran Fitzgerald – The Examiner “Estimates suggest that as much as €25bn in loans to the sector could be categorised as troubled; that is, one half of the total funds lent to SMEs. Many businesses are clinging on by their fingernails. Bank lenders, when not pressing hard …Read more »

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Overthrow the Speculators by Chris Hedges

by Chris Hedges Posted on Dec 29, 2013 TruthDig.com Money, as Karl Marx lamented, plays the largest part in determining the course of history. Once speculators are able to concentrate wealth into their hands they have, throughout history, emasculated government, turned the press into lap dogs and courtiers, corrupted the courts and hollowed out public institutions, including universities, to justify …Read more »

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A heavy price for banking failure – David McWilliams

A heavy price for banking failure – David McWilliams – Sep 9 – 2013 “No proper funding is a function of dysfunctional banks that are still broken, haven’t enough capital, and continue to operate as if they are part of the solution when they are still very much the problem”

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Conceived in inequity and born in sin .

Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920s. He declared in an address at the University of Texas in 1927: The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity …Read more »

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PUBLIC BANKING FORUM OF IRELAND: PRESS RELEASE.

PUBLIC BANKING FORUM OF IRELAND: PRESS RELEASE. 2 Dec. 2013 The PBFI was set up to bring knowledge and information about public banking to the Irish people. Education is key. Mostly, Irish people think that all banks are the same. However, there is an enormous difference between publicly owned and privately owned banks. The Credit Unions, which are not banks, …Read more »

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Ireland Exits Troika Bailout To Prepare For Bail-ins:

Ireland Exits Troika Bailout To Prepare For Bail-ins: Nothings Changed & Don’t Believe Everything That You’re Told. Reggie Middelton Friday, 13 December 2013 BoomBustBlog.com Who Is Reggie Middleton & What Is BoomBustBlog?  Reggie predicted the of collapse of Bear Stearns and Lehman Brothers well in advance. —– Reggie quotes from Paul Murphy Irish MEP  Bailout ‘exit’ – a return to Sovereignty or …Read more »

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