Truth in advertising.

Since the start of this year, Move Your Money UK estimates that an average of 80,000 savers a month have been leaving the crisis-prone banking giants – a total of almost half a million since the start of 2012. The Co-operative Bank, which has seen a 25% rise in applications over the past week, hopes to capitalise on the public's frustration by trebling its number of branches to 1,000, if it can clinch a deal to buy 632 from Lloyds Banking Group.

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Move Your Money has organised community events and protests to publicise alternatives to the so-called big five — Barclays, Lloyds, HSBC, RBS and Santander. "There's a decline in trust," said spokesman Louis Brooke. "You can lose your trust in a bank because you don't believe they've got enough money, a la Northern Rock, but that's not what's going on here; it's that people no longer see the banks as legitimate institutions."

www.guardian.co.uk/money/2012/jul/07/big...bank-customers-anger

People are getting pretty pissed off with the banks in every country, so are looking for alternative's.

Could this be the end of scamming by big banks?

Could the major banks become a shadow of their forma selves?

Hell no
100% digital and total secrecy and pwnage here we come...

andyh wrote:

It would seem the likely outcome however, me being the eternal optimist, I think there will come a time that the Big Banks wont have the savings for the ordinary people who do make up a large percentage of bank capital.

Even if they do cook the books and give themselves digital credit they will be found out eventually, than that will be the finish of them.

There will only be 1 time when we are free of banks and that is literally the moment that humanity evolves beyond money.

andyh wrote:
Very true andyh.

imo there will be a gradual change over to local credit unions who support the community and maybe a return to a country owned public bank where the Gov borrows money without interest just the principal.

Australia had that once it helped build major infrastructure and got this country going.

Yep, basically every nation on Earth got dragged into the fractional reserve debacle and outsourced their treasury.
Laughable innit

July 1, 2012 – The White Hats Report #43
House of Lords, it’s time to perform

On February 16, 2012, Lord James of Blackheath made history by being the first public official anywhere in the world to expose the criminal enterprise being run by and through the Federal Reserve. Known as “White Thursday”, four months have passed since this historic event without any apparent effort by highly paid regulators, Agencies or Government officials to rigorously investigate. For the Mother of Parliaments, this is inexcusably lax conduct. Leader of the House, Lord Strathclyde, when will you investigate, as history will show this happened on YOUR watch, making you solely responsible for the directed actions or lack thereof. We gave the Lords a chance to show their exemplary leadership, and unfortunately due to the same politics that has overcome the United States, a block to the investigation has been put in place. The one action you did provide was a poorly thought-out decision to cut off information to the media who desperately wanted to report the news and the assumed progress in good faith. The leadership of the world and the British citizens who trusted you deem this unacceptable! Only the most explicit answers to these very troubling questions are acceptable. And answers are not forthcoming. Again, it’s on YOUR watch!

Full article July 1, 2012 – The White Hats Report #43

The white hats need to disclose the evidence they have.

Now, Lord Strathclyde, not only do you have the $15T scam to deal with but now you have the LIBOR problem as well. All in the largest financial center in the world and directly under your specific watch and control. Will you sell out to your contemporaries?

This is a time when shameful Libor rigging conduct is revealed between Barclays and other colluding banks such as The Royal Bank of Scotland (RBS), a bank in the middle of the $15T scam, up to its neck in Libor fraud, yet scalping the taxpayers’ money. Bankers, yet again, are revealed to be no more than lying racketeering criminals conspiring to cheat and steal in the interests of their greedy, unearned bonuses. Lying, thieving villains whose words are worthless. Just bogus bonus men who will elude jail if you do not act.

Immediately!

The White Hats are about to embark on a journey of releases that will not only explain what Lord James was referring to in his speech, but will follow the money trail to its destination and expose not only the objective of this theft and money laundering operation but the debilitating affects it has had on the planet. We hope to shame our inept and colluding agencies for their failure to address and rectify it. That destination involves the murky world of black projects and 2012. But first, some background to this complicated and sophisticated trail of deception and fraud; with cabal and political corruption leading to their planned Fourth Reich New World Order Nazi domination ideologies.

But perhaps, most-of-all, watching how quickly those in high places begin to throw each other under the bus, it will hasten the end of many other possible government conspiracies as exposing such events becomes an exercise in self-preservation. Prime amongst conspiracy theories that may soon be finally proven to be either valid or the figments of overactive imaginations, are those alleged in the gold and silver markets.

The allegations concerning precious metal price manipulation predate those surrounding Libor by decades but until now day they have remained similarly acknowledged within financial circles and ignored without. That may well be about to change.

Unencumbered by liability, the rising price of gold has always been a barometer of governmental failure to protect the purchasing power of fiat currency and the best indication of the damage that inflation does.

Forget inexorably rising gold prices. Forget the corrections that shake loose hands from the wheel at every turn. In the broader context they carry far less relevance than the intrinsic values that gold provides a consistent yardstick to.

A look at the value of assets measured in ounces of gold remains the most consistent way to get a sense of their real value and the charts below demonstrate all too clearly the true performance of the Dow Jones Industrial Average and average US house prices over the long term when measured in gold ounces.

If the long-stated claims about government-sanctioned, bank-led manipulation of precious metals markets put forward so eloquently by the likes of Ted Butler, Bill Murphy & Chris Powell at GATA as well as Messrs. Sprott, Sinclair, Davies et al are eventually proven to have any validity whatsoever, the fallout from the Libor scandal will prove to be (to use the words of Jamie Dimon) just another “tempest in a tea pot” as the precious metals are the very underpinnings of the entire global financial system. Conspiracy or no, it would be a blessed relief to get closure no matter what the truth turns out to be.

As for the full note by Grant Williams, which has much more in it, it can be found below (pdf):

www.blacklistednews.com/Things_That_Make...20437/0/0/0/Y/M.html