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Oct 28, 2024 | 
express.co.uk | Bob Lyddon
We had a Labour Party government in all but name from 2010 to 2024. It is an interpretation of the Conservatives' years in power, during which the Bank of England exploited its independence and widened the scope of its control over the economy. It displaced the elected government as the main arbiter of economic activity, the government being left to administer taxation.
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Sep 9, 2023 | 
briefingsforbritain.co.uk | Bob Lyddon
ANS. A shadow debt is one part of the shadow liabilities of EU member states that are not included by Eurostat in its definition of ‘General government gross debt’ or ‘GGGD’. GGGD is the direct debts of a member state government, its state agencies, and regional and municipal authorities. GGGD is the anchor figure for calculation of a country’s Debt-to-GDP ratio, and of compliance with the Stability & Growth Pact and the Fiscal Stability Treaty. GGGD misses out what is in the shadows:1.
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Aug 18, 2023 | 
globalbritain.co.uk | Bob Lyddon
By Bob Lyddon – 4 minute readTHE BANK OF ENGLAND’S newly-unveiled CHAPS system went down for several hours on Monday 15th August 2023. This was just weeks after the go-live of the so-called ‘RTGS Renewal’ project to replace the old CHAPS system – CHAPS being the UK’s Real-Time Gross Settlement (RTGS) payment system. Having an RTGS is critical to financial stability: it avoids the financial system going under as a whole if and when one major participant in it goes under.
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Aug 7, 2023 | 
express.co.uk | Bob Lyddon
If Germany was responsible for such a massive amount of debt, its credit rating should be nearer to the CCC level - junk with a very high risk of loss. That’s the problem.
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Aug 2, 2023 | 
facts4eu.org | Bob Lyddon
A salutary warning by international banking consultant Bob Lyddon
Montage © Facts4EU.Org 2023
Facts4EU.Org presents a disturbing guest article from the Bruges Group
Today we are presenting an article by Bob Lyddon concerning the Eurozone and its mounting debts.
In it Mr Lyddon discusses the full extent of the Eurozone’s indebtedness, using the EU’s own data. He reveals just how vulnerable the EU’s central currency really is.
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Aug 2, 2023 | 
brugesgroup.com | Bob Lyddon
Font size: + – 4 minutes reading time (700 words) Contrary to the Daily Telegraph's story today claiming that Britain's debt pile does not outstrip the EU's, Britain's is far lower, because the EU's is masked by creative accounting. The full extent of the EU's debts and other financial liabilities is detailed in my book recent book 'The shadow liabilities of EU Member States, and the threat they pose to global financial stability', published through The Bruges Group. While there can be...
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Aug 1, 2023 | 
globalbritain.co.uk | Bob Lyddon
How, without legal basis, banks awarded themselves powers over customers How the UK’s financial services industry has invented for itself the right to use data providers to identify Politically Exposed Persons (PEPs) By Bob Lyddon – 4 minute read THE DEBANKING of Nigel Farage by Coutts/NatWest has shone a light on the regime in the financial industry for identifying PEPs. The industry claims the regime is an implementation of the laws for combatting Money Laundering and the Financing of...
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Jul 7, 2023 | 
finextra.com | Michael Saadat |Bekir Ablaiev |Steve Morgan |Bob Lyddon
Over 7.1 million US households are unbanked — according to a recent survey by FDIC. Meaning no one in the household has a bank account.
Lack of trust among financial institutions and privacy concerns were among the top three reasons why no one from the household had a bank account. About half of the unbanked households cited “Don’t have enough money to meet minimum balance requirements”
as a primary reason for being unbanked.
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Jul 7, 2023 | 
finextra.com | Michael Saadat |Bekir Ablaiev |Steve Morgan |Bob Lyddon
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Jun 29, 2023 | 
brugesgroup.com | Bob Lyddon
Chapter 3.iv ECB Asset Purchase Programmes (APP); and Chapter 5.i The Pandemic Emergency Purchase Programme (PEPP). But the ECB has long since abandoned this rule and has tilted the make-up towards Southern European bonds. Who bears the loss has not changed, though: it is shared around the Eurozone national central banks in accordance with ECB Capital Keys.
