Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals
Street Democracy writes:
The banking cartel are demonstrating how much control they have over our dependency upon money.
The financial corrupt industry that dominates our world is a great rubicorn that needs crossing because of the grotesque but massive financial and economic enslavement of humanity.
We are totally blinded by it. Many kill for it, many go starving because of it, and yet money is paper, printed and comes from the air.
Nations go to war over it, we are enslaved by being indebted to it. We have forgotten food grows for free and industry destroys fertile lands to grow it.
Global tyranny is what our financial banking system really is.
One giant mafia corrupt form of capitalist enslavement who own the money, which makes money a private commodity they charge you endlessly for using it.
To survive the rubbish, we need our minds back. We need strong healthy minds to at first see through the banking scam, the money scam and the credit scams of this time.
Once we understand this, we take our power back and money can fly in the air or fall to the ground. It can grow on trees if you like, but we will be in a position not to need it or want it.
We will see money dependency is the dark times we are in.
Our planet grows everything we need in massive abundance and we don’t need the corporate banking whores of this world dictating to us how we live.
For more on the biggest lies of today, click here: Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals or continue reading.
‘Fears of bank runs have escalated with the news that Russian lender ‘My Bank’ has banned all cash withdrawals until next week.
“Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia. Russia sovereign CDS had recently weakened to 4-month wides at 192bps,” reports Zero Hedge.
The source of the story is a person working inside the ‘My Bank’ call center, although officials for the bank have refused to comment.’
Read more: Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals
Small firms betrayed as Lloyds culls advisers: 120,000 firms face having to get lending help on the phone
‘Lloyds Bank was accused of betraying small firms last night after sacking hundreds of business advisers – and leaving employers to get lending advice by phone.
The taxpayer-backed bank will axe half of its travelling small business relationship managers, hitting up to 120,000 firms in every part of the country. From May, minnow companies and start-up firms will be left relying on phone banking or the internet to get in touch with the lender.’
Read more …
Savers’ hopes of seeing rise in interest rates being dashed by banks with £130 billion war chest of cheap cash
‘Savers’ hopes of seeing a rise in interest rates are being dashed by banks and building societies who have built up a £130 billion war chest of dirt-cheap cash. Money Mail has discovered that the big High Street names are stockpiling savers’ cash on which they pay no interest — and have seen it swell by a fifth in the past year.
As a result, banks and building societies are awash with funds and don’t need to do anything to pay struggling savers extra interest.’
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Barclays Bank ‘to close hundreds of UK branches’
‘Barclays Bank is preparing to close a quarter of its 1,600 UK branches and shed hundreds of investment banking jobs, it has been reported.
The decision comes as the bank tries to cut costs.
It will replace around 400 branches with smaller sites in Asda supermarkets, the Financial Times said.’
Read more …