02/19/2018
Connect:

Credit Union

This paper is an investigation into whether or not Vermont State funds, deposited in TD Bank North, are safe. Documents and opinions from several experts were solicited and received.[1] Gary Murphy and I examined the new regulations of the FDIC in an effort to find out if the FDIC had set the stage for the confiscation of state money that was deposited in a "TBTF" (Too Big to Fail Bank).  We looked at the confiscation of deposits and pensions in Cyprus and Poland, and at the debacles in Detroit and Philadelphia.

We compared the...

comments(0)

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition.According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over...

comments(0)

The September 7th article in the Times Argus by Peter Hirschfield titled “State finances: Bonding amounts may drop, affecting infrastructure repairs” presents a false dilemma for Vermonters. 

We are told we must reduce spending on needed infrastructure and public safety or risk the loss of Vermont’s AAA bond rating.  This is akin to another false choice we are told we have to make every year when the legislature convenes - the choice of raising taxes or cutting spending to balance the budget.  We hear about $20 million budget “holes...

comments(0)

“[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

—Eric Sprott, Shree Kargutkar, “Caveat Depositor

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus.  Similar “bail-in” policies are now appearing in multiple countries.  (See my earlier articles ...

comments(0)

Our MOST LIKELY TO SECEDE book tour kicked off in fine fashion @ Shiretown Books (LINK) in Woodstock, Vermont on Saturday, April 13 with a celebration to honor of Thomas Jefferson's 270th birthday and our new book. 
2VR cake and candles included!


Thanks to everyone who came out for a provocative discussion about the nature of Vermont independence.

Special thanks to Shiretown Books for hosting our event.

...

comments(0)

Derivatives turn the financial system into a casino. And the House always wins.

Cyprus-style confiscation of depositor funds has been called the “new normal.”  Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including state and local governments, may be at risk.  Derivatives have “super-priority” status in bankruptcy, and Dodd Frank precludes further taxpayer bailouts. In a big derivatives bust, there may be no...
comments(0)

By Adrian Kuzminski

INTRODUCTION

Today Vermonters have no control over access to capital. Loans are available to them almost exclusively through an unfair and exploitative banking system.

Money can be borrowed for the most part only from private banks which enjoy unearned profits through their effective monopoly over lending money to Vermonters at usurious rates of interest.

As a result, most Vermonters, like most people in other states, find themselves in perpetual debt peonage. If they are able to obtain capital for personal or private investment from the...

comments(0)

Money power in private hands games the system. It does so destructively. Controlling money, credit and debt for private enrichment assures speculation, booms, busts, inflation, deflation, instability, crisis, recessions and depressions.

The Cypriot crisis alone begs the question. Money power in public hands could have avoided what's now happening. Ordinary Cypriots face horrific hard times. So do most people in Euroland countries and America.

Force-fed austerity is policy. Banks accounts no longer are safe. Nor are public pensions. Insiders get advance word and flee. From March 1 - 15, 132 companies...

comments(0)

Pages

Subscribe to Credit Union