Today on The Janssen Report (#96): Dutch ABN Amro bank executives raise their pay by 17% to circumvent the government imposed bonus ceiling. Remember: this is a tax-payer bailed out bank. Former HSBC chairman Lord Green says he's sorry about the HSBC tax scandal. Okay, so now it's business as usual... A bank in Spain collapsed early this week; Banco de Madrid was hit by a bank run and had to close its doors. Banco de Madrid is a subsidiary of Banca Privada d'Andorra, which was accused of laundring money for organized crime groups a week earlier. As I discussed earlier, volatility in the markets will increase. Today a flash crash happened in the dollar, which is something that hasn't happened since the start of the crisis in 2008. It's very rare and unheard of, according to traders (source: WSJ). On the flip side we may see an awakening going on: Joris Luyendijk, Dutch reporter, was invited by the Guardian to conduct a study into the financial sector in London. He kept a blog (see sources below) and published his frightening conclusions regarding the financial sector in his book "Dit kan niet waar zijn" ("This can't be true"). His book has caused quite a stir in the Netherlands and has some coverage in other countries as well. Earlier this week The Blockupy movement stood up against the ECB in Franfurt. Their premise: the European Central Bank's policies are leading to immiseration and impoverishment, especially in the European periphery, but all throughout the eurozone. Blockupy calls on the Eurozone to dismantle the "Laboratory for Austerity". There is an obvious increase in demonstrations around the world against the financial system and I believe we are going to see much more of that in the coming years. Educate yourself, act and become self-reliant. Stay tuned to The Janssen Report & sign up as a free member: www.thejanssenreport.net. Sources: - http://www.afp.com/en/news/dutch-bankers-get-big-pay-rises-bypass-bonus-limits - Lord Green says he's sorry about HSBC tax scandal: http://www.ft.com/intl/cms/s/0/cb378de0-ce07-11e4-86fc-00144feab7de.html#axzz3UxDvRlgE - http://www.wsj.com/articles/banco-de-madrid-files-for-bankruptcy-after-parent-accused-of-money-laundering-1426495127 - http://www.zerohedge.com/news/2015-03-20/when-worlds-reserve-currency-flash-crashed-i-haven%E2%80%99t-seen-anything-it-financial-cris - Joris Luyendijk banking blog for The Guardian: http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog - Website of the Blockupy movement: https://blockupy.org/en/ Please share this video! * More info on www.thejanssenreport.net * Cheers! Marco Janssen www.thejanssenreport.net

• published: 20 Mar 2015
• views: 58