Archive | December 26, 2012

Public Confidence in British Banks Drops Drastically*

moneyblackholePublic Confidence in British Banks Drops Drastically*

Hundreds of thousands of customers have moved their current accounts out of the big 5 banks in 2012 as public confidence in the British banks sector collapsed in the wake of a string of scandals.

These figures come following a report from the Banking Commission whose investigations ‘…revealed a culture of culpable greed, far removed from the interests of bank customers, corroding trust in the entire financial sector.’

According to evidence received by Move Your Money, building societies, credit unions and co-operatives have all reported a sharp rise in new business over the past 12 months. 500,000 people moved in the first half of this year.  In the last quarter Building societies report a 78,000 increase in savings accounts. The Cooperative Bank has seen a jump of 43% in new accounts in the last year and Credit Unions have seen 20,000 new members.

Whilst a recent YouGov poll shows that as many as 14 million people could switch accounts in 2013 as new regulation and comes in which makes switching accounts easier.  Almost one in three of UK high street bank customers said that they would be very or fairly likely to switch providers if the process of moving their primary current account was made easier.

“Public trust in the big banks has collapsed.  The reputation of one of our leading industry’s is in tatters.  Ultimately customers are on the front line of the battle to save British Banking, by moving their money to banks which are fair and transparent they are forcing banks to think twice about the way they behave.  Cultural change doesn’t come from Whitehall or the boardroom, it comes from people realising the power of what’s in their pockets. ” said Laura Willoughby MBE, Chief Executive of Move your Money.

Source*

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Four Countries Asking for their Gold Reserves!

Bankers Say Occupy Londoners are Right!*

Wells Fargo Sued U.S$190mn, and Bank of America to Follow!

EU Commissioner Quits After Anti-Fraud Investigation

The British Tax Scandal!

Barclays Gambles and Profits on the Food Price Crisis!*

80% of Global Economy Owned By a Few

Your Money, Their Interest – Banking Scandals Continue…

Bizarre weather Conditions Wreaking Havoc Across Europe

Bizarre weather Conditions Wreaking Havoc Across Europe

Being snowed in can sometimes be a much welcomed weather event, because it offers the opportunity to be a human being and not a machine programmed to facilitate the daily grind

Terra Daily reports on the bizarre weather sweeping across Europe that has led to 550 deaths

While the warmth of southwest France creates summer holiday conditions, the big freeze hit the French Mediterranean island of Corsica where snow is up to one metre thick in the higher villages.

In Italy, there has been an attack on the legacy’s of the Roman Empire via the Colosseum. The Colosseum has been experiencing damage with partial collapse, with complete collapse of the Church of the Capuchins’ roof, and the Church of the Holy Cross.

Montenegro’s capital of Podgorica was brought to a standstill by snow 50 centimetres (20 inches) deep closing the airport and halting rail services to Serbia because of an avalanche. 60,000 people have been cut off! Yet, in Catania on Italy’s Sicily coast, beach temperatures have been climbing as high as 22˚C in some places.

Southern Germany has joined France with 20˚C (68 degrees Fahrenheit) .

Rumania has had to limit electricity demand to industrial consumers, with an upshot in demand from households They have even had to stop exporting electricity In 2011 Rumania exported 2.4 billion kilowatt hours. 86 have died thus far from freezing temperatures with heavy snowfalls that have trapped many in their homes, and have completely buried some homes. 156 main roads have become impassable and 225 towns and villages have been completely cut off! 30,000 people have been cut off!

Austrian province of Vorarlberg has been cut off due to avalanches that have closed road and rail connections

Near Belgrade the freezing over of the River Danubehas led to hundreds of boats being smashed and sunken, and the sinking of a floating restaurant The River Danube, and important transport route has become blocked by ice, from Austria to its mouth on the Black Sea.

In Russia 90 people have died, 57 in Poland, and 83 in Ukraine since mid-December with temperatures as low as -50˚C in eastern Siberia.

 

What hasn’t turned to ice remains water causing serious floods in parts of the British Isles. . .

Those who can, simply pack their travelling-bags and trot off to drier climes.

So far, 15mm of rain fell across the south-west of England and south Wales, with more on the way. With rivers Severn, Trent, Avon and Thames in danger of breaking their banks, and risks of landslides threatening to add to the chaos!

What is not being said is how much does the Pole Shift affect weather conditions, with a reported speed up in the melting of ice at the Antarctica, and greedy Australia threatening to drill for oil there!

In 2011 some ‘experts’ were warning of increased weather chaos as a result of the ongoing magnetic polar shift, which is a not an overnight process

 

 

Sources:

“Snow News” terradaily.com/Snow_News.html

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