Category: Banksters
The analysis published under this category are as follows.
Sunday, February 17, 2013
Why Bankers Rule the World - It’s the Interest, Stupid! / Politics / Banksters
By: Ellen_Brown
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
Saturday, February 16, 2013
The Real New World Order is Bankers Taking over the World / Politics / Banksters
By: John_Kozy
How quickly best laid plans become passé. New world orders come, it seems, as frequently as eclipses.
The old world order (ancien régime), along with 16 million people, died during the Great European War which began on June 28, 1914 when the Austrian heir to the throne, Archduke Franz Ferdinand, was assassinated by a Serb nationalist, Gavrilo Princip, in Sarajevo. (Today he would be called a terrorist.) This assassination sent nations that had no desire to go to war into the most destructive war the world had yet experienced.
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Friday, February 08, 2013
Central Banks Rigging the Markets, Regulators Blind to LIBOR Fraud / Stock-Markets / Banksters
By: Brady_Willett
Thanks to a series of colossal failures that were impossible to hide, we now know that Futures Commission Merchants (FCMs) could instantly access billions of dollars that did not belong to them. Thanks to incriminating emails and ongoing settlements, we now know that a horde of banks can collude to rig key interest rate benchmarks for decades. This is what we now know after decades of malfeasance. Just imagine, then, what still goes on behind the curtain.
Sunday, February 03, 2013
Banking and the State, It Will End in Hyperinflation / Politics / Banksters
By: Thorsten_Polleit
The Starting Point: Civilization Begins
The founder of the Medici banking dynasty, Giovanni di Bicci de' Medici (1360–1429), said to his children on his death bed: “Stay out of the public eye.”[1] His words raise the question, "How much do bankers know about the truth of modern money and banking?"
To develop a meaningful answer to this question in the tradition of the Austrian School of economics, one has to start right at the beginning, and that is with the process of civilization.
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Sunday, January 06, 2013
Ponzi Finance - Ponzi Wealth / Politics / Banksters
By: Andrew_McKillop
WHAT GOES UP, GOES DOWN
Offically released on Jan 1, 2013 the Boston Consulting Group's "shock report" by Daniel Stelter and his colleagus on what 3 decades of Ponzi finance has done to real wealth in the developed-OECD group of countries has been available since mid-December but not widely commented. The title says it all: "Ending the Era of Ponzi Finance"
Friday, December 28, 2012
HSBC Too Big To Jail: Dark Day For the Rule of Law / Companies / Banksters
By: Money_Morning
Shah Gilani writes: The opening line of a December 11, 2012 New York Times editorial on federal and state authorities choosing not to indict HSBC for money laundering reads: "It is a dark day for the rule of law."
It may be a dark day for the rule of law, but it's business as usual for the banks.
America's heralded and frighteningly powerful Department of Justice, along with all of the not so heralded or frightening banking regulators, simply refused to prosecute Britain's biggest bank out of fear of "collateral consequences."
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Saturday, December 22, 2012
LIBOR This - HooHa: Finally, A Few Bankers Face Criminal Prosecutions For Conspiracies / Politics / Banksters
By: Danny_Schechter
New York, New York: When most mainstream media outlets discuss conspiracy theories, it is usually to debunk the views of dissenting and critical thinkers who are routinely denounced as simplistic, paranoid or worse.
You have frequently seen the mantra questioning their motives and conclusions as if the idea of people or officials acting together covertly to advance their interests in illegal ways is something new in history.
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Friday, December 21, 2012
UK Interest Rate Swaps Financial Armageddon, Bankster Mis-Selling Bigger than PPI? / Interest-Rates / Banksters
By: Nadeem_Walayat
Following the multi-billion PPI Mis-selling scandal, just when you thought it could not get any worse, Britain's crime syndicate that is our biggest banks have been revealed to have taken another systematic bite out of thousands of unsuspecting small businesses on a scale that could end up resulting to be as big as that of the mis-selling of PPI insurance.
Wednesday, December 19, 2012
Long History of HSBC Bank Money Laundering / Companies / Banksters
By: BATR
If there was any lingering doubt about the supremacy of the internationalist banker over the canons of law, the latest HSBC exemption from criminal charges proves that the real masters of the planet are the criminal banksters. If this settlement was an abnormality and not the rule, one might argue the expediency for pragmatism, while deployable, is necessary. Unfortunately, for the financial elites, the facts tell a very different story.
Friday, December 14, 2012
HSBC, the “favourite” Bank of Mexican Drug Cartel, Above-the-Law Global Banking Cartel / Politics / Banksters
By: Andrew_G_Marshall
In what the New York Times declared as a “dark day for the rule of law” on December 11, 2012, HSBC, the world’s second largest bank, failed to be indicted for extensive criminal activities in laundering money to and from regimes under sanctions, Mexican drug cartels, and terrorist organizations (including al-Qaeda). While admitting culpability, and with guilt assured, state and federal authorities in the United States decided not to indict the bank “over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.” Instead, HSBC agreed to pay a $1.92 billion settlement.
Monday, December 03, 2012
Goldman Sachs Spreads Its Wings / Companies / Banksters
By: Andrew_McKillop
VULTURE'S CAN FLY
The newly named head of Britain's central bank, Mark Carney spent 13 years at Goldman Sachs, joining it right after he graduated from Harvard. Talk in the City has previously identified Jim O’Neill, a Goldman executive, as a likely successor to Mervyn King but many persons felt that was unlikely because of O'Neill's connection to GS. Carney worked for the broking, banking and asset management firm in London, Toronto, New York and Tokyo.
Saturday, November 10, 2012
Why Bankers Rule the World, It's the Interest Stupid! / Politics / Banksters
By: Ellen_Brown
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
Monday, October 29, 2012
The Global Banking ‘Super-Entity’ Drug Cartel: The “Free Market” of Finance Capital / Politics / Banksters
By: Andrew_G_Marshall
I would like to introduce you, the reader, to some realities of our global banking system, resting on the rhetoric of free markets, but functioning, in actuality, as a global cartel, a “super-entity” in which the world’s major banks all own each other and own the controlling shares in the world’s largest multinational corporations, influence governments and policy with politicians in their back pockets, routinely engaging in fraud and bribery, and launder hundreds of billions of dollars in drug money, not to mention arms dealing and terrorist financing. These are the “too big to fail” and “too big to jail” banks, the centre of our global economy, what we call a “free market,” implying that the global banks – and corporations – have “free reign” to do anything they please, engage in blatantly criminal activities, steal trillions in wealth which is hidden offshore, and never get more than a slap on the wrist. This is the real “free market,” a highly profitable global banking cartel, functioning as a worldwide financial Mafia.
Tuesday, October 23, 2012
Here's What Really Happened to Citigroup's CEO Vikram Pandit / Companies / Banksters
By: Money_Morning
Shah Gilani writes:
The only big deal about Vikram Pandit "stepping down" as Citigroup Inc. (NYSE:C) CEO and his removal from the board is that it didn't happen sooner.
The truth is he didn't leave voluntarily. He was given an ultimatum by the "new" board of directors: resign or be fired.
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Wednesday, October 17, 2012
Banks Punished For Central Bank and Political Errors / Politics / Banksters
By: John_Browne
In recent decades politicians have increasingly followed the Keynesian prescription of economic growth through continued government borrowing and the creation of undreamt of amounts of fiat money by central banks. To facilitate this process, the larger commercial banks have acted as the central banks' de facto distribution system, and as a result have grown ever larger while accepting progressively greater risks.
Sunday, October 14, 2012
London's Bankster Parasites Paradise / Politics / Banksters
By: James_Petras
Whenever financial swindlers prosper at the expense of investors or a bank jiggers interest rates to bugger their competitors or tax evaders flee fiscal crises or rent gouging petrol monarchies recycle profits or oligarchs pillage economies and drive millions to drink, drugs and destitution they find a suitable secure sanctuary in London. They are wooed and pursued by big British realtors eager to sell them multi-million dollar estates, trophy properties and landmark mansions.
Wednesday, October 03, 2012
The Genesis of the LIBOR Crisis / Interest-Rates / Banksters
By: Rob_Kirby
The roots of the LIBOR crisis can be found in the broad based sub-prime FRAUD in America circa 2000 - 2007. The sub-prime fraud involved American investment banks securitizing [bundling] poor mortgage credits into “pools” – then working hand-in-hand with credit rating agencies like S & P and Moodys – having these pooled securities rated AAA.
In Q1/2007 American investment bank - Bear Stearns, a major player in this sub-prime securitization – had a number of these sub-prime pools FAIL to perform.
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Wednesday, October 03, 2012
Nouriel Roubini Says Too Big To Fail Banks Are Worse Than Before / Stock-Markets / Banksters
By: Bloomberg
Nouriel Roubini and Ian Bremmer, president of Eurasia Group, sat down with Tom Keene and Sara Eisen on "Bloomberg Surveillance" this morning to talk the global economy and U.S. politics. Roubini said that too big to fail banks are "worse than before" and the only solution is for them to "break up."
Bremmer said that if Obama wins the election, it is "not primarily because Romney is a horrible candidate," but because of three people: John Roberts, Angela Merkel and Ben Bernanke.
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Monday, October 01, 2012
RBS Chaos and Barclays Libor Cesspit Prompts Slow Motion Run on British Banks / News_Letter / Banksters
By: NewsLetter
The Market Oracle NewsletterJuly 12th , 2012 Issue #11 Vol. 6
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Wednesday, August 22, 2012
The MF Global Magical Mystery Tour / Companies / Banksters
By: BATR
It is impossible to make up a fantasy tale that rivals the manifestations of the outlandish MF Global scandal. The evaporation of customer’s monies into an intentional off shore stash is tragic enough, but the indignity of allowing "no consequences" for a horrific crime against all investors is inexcusable. Jon S. Corzine is a fraudster that screams out for the gallows of justice. The manner of fleecing the public by Wall Street crooks has a clear distinction. Corzine walks while Madoff serves time. The original "Magical Mystery Tour" was a precursor of today's reality TV shows. Corzine’s version is more a "House of Horrors".