The Bank of England acts because the banker of the Government and it sustains the consolidated Fund account of the Government. How you can Keep away from Being in Offshore Bank Liquidations – The answer is after all simple, keep away from offshore banks. The worldwide gold market is so assorted, deep and liquid that it strains credulity to believe that any collusion could meaningfully distort market prices.
Furthemore, the World Transaction Banking actions has set a record with the very best var...
Read MoreIt’s no secret that we’re in the midst of an economic meltdown that may solely be compared to one or two similar cycles of economic turmoil, nonetheless in those earlier financial downturns the Government did not spend Trillions of U.S. taxpayer cash to bail out foreign banks and home companies. FACT: Offshore banking generally is restricted by law from advertising in magazines, newspapers, radio and on T.V...
Read MoreFICTION: Offshore banking can’t be that good because they can’t really pay the high interest rates they provide. Beneath current proposals, many US banks will fail the requirements however the UK and US appear to be accelerating down the highway of cross-border regulation (see this article on the FSA and SEC information share alternate agreement introduced earlier this week) whereas many banks are looking to the Far East as an alternative to London or New York for establishing their operations.
Read MoreSo we’ve got had another large loss at a major bank. Authorized charges might be padded and kickbacks made to the liquidator from the regulation firm located on the island jurisdiction the offshore bank is in. Some of these islands the place these offshore banks are have less than 100,000 people dwelling within the country.
The London gold marketplace has a clearing mechanism, these are 5 banks which might be interconnected...
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