Bail-out Is Out, Bail-in Is In: Time for Some Publicly-Owned Banks

“[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 …

Super Committee Deadlock: Heads They Win, Tails We Lose

Super Committee Deadlock: Heads They Win, Tails We Lose Ellen Brown http://WebofDebt.com/articles November 17, 2011 It is no great surprise that with only days to go, the congressional “super committee,” given the herculean task of carving an additional $1.2 trillion out of the federal budget, has failed to reach agreement. …