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Why Would Anyone Celebrate the Death of Margaret Thatcher? Ask a Chilean
by Dave Zirin
Never have I witnessed a gap between the mainstream media and the public, quite like the last 24 hours since the death of Margaret Thatcher. While both the press and President Obama were uttering tearful remembrances, thousands took to the streets of the UK and beyond to celebrate. Immediately this drew strong condemnation of what were called “death parties”, described as ?tasteless?, ?horrible?, and ?beneath all human decency.? Yet if the same media praising Thatcher and appalled by the popular response would bother to ask one of the people celebrating, they might get a story that doesn’t fit into their narrative, which is probably why they aren’t asking at all.
On Saturday morning, the finance ministers of the eurozone may well have started a bank run.
With the agreement on a depositor haircut for Cyprus ? in all but name ? the eurozone has effectively defaulted on a deposit insurance guarantee for bank deposits. That guarantee was given in 2008 after the collapse of Lehman Brothers. It consisted of a series of nationally co-ordinated guarantees. They wanted to make the political point that all savings are safe.
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The latest reports from Cyprus are that the government could adjust the levy, reducing the impact on poorest savers, ahead of a crucial vote on the bailout this afternoon.
Some commentators are predicting that savers in other troubled eurozone countries could start withdrawing their savings, but several City analysts believe this is unlikely.
There’s widespread agreement, though, that savers’ trust in the banking sector has been badly hurt by the decision to impose losses on savers – trampling over the principle that depositors should be protected in such circumstances.
There is a powerful force that’s getting in the way of our thriving.
It’s a select group of financial elite who are centralizing material wealth and power for their own benefit, while destroying the lives of billions of others. Their worldview is riddled with fear and ignorant of the abundance of nature and the love and interconnectedness that is our essence.
In this section you can follow the money to see how the same people are gaining financially in every sector of human life. You can also see how an agenda for global domination is being accomplished, and the kind of deceptive strategies and tactics that are being used to further our suppression.
It can be challenging to confront the cruelty of this global domination agenda, but it’s only by recognizing the true nature of the threats to our freedom that we can be empowered to act effectively.
Bankers resigning from their posts. Rats are leaving the sinking ship.
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Citigroup’s Chief Resigns in Surprise Step
Weeks before Vikram S. Pandit’s??surprise resignation on Tuesday as chief executive of? Citigroup,?the banking giant’s powerful chairman, Michael E. O’Neill, was privately huddling with other board members to plan how to replace him, according to several people briefed on the talks.
The frustrations of the board members had been building. This year the bank was publicly embarrassed when the ‘Federal Reserve’ indicated Citi was not healthy enough to start paying more money back to shareholders.
Then in September, some board members felt that Citigroup had left billions on the table when it sold a stake in its wealth management unit to..