Category: Banksters
The analysis published under this category are as follows.
Thursday, May 08, 2014
Robbing Main Street to Prop Up Wall Street: Why Rainy Day Fund Is a Bad Idea / Politics / Banksters
By: Ellen_Brown
There is no need to sequester funds urgently needed by Main Street to pay for Wall Street's malfeasance. Californians can have their cake and eat it too - with a state-owned bank.
Sunday, April 27, 2014
Stalin, Hitler And The 5-Year Plans Of Banksters / Politics / Banksters
By: Andrew_McKillop
The 2008-2013 Plan
Stalin's infamous five-year plans started with a “trial version” in late 1928. By “trial version” this meant his plans already included show trials of political enemies with frequent death sentences. Designed and executed for Hitler, the German banker Hjalmar Schacht's five-year plan of 1934-1938 directly applied Keynesian “remedies” for the economy and public finances. Schacht's plan was called a “groundbreaking fiscal stimulus program”, creating work by rebuilding the nation’s worn infrastructures, jettisoning the gold standard, imposing capital controls, and increasing State debt, after “diluting” the State's previous debt.
Saturday, April 26, 2014
Wall Street Greed: Not Too Big for a California Jury / Politics / Banksters
By: Ellen_Brown
United States Attorney General Eric Holder has declared that the too-big-to-fail Wall Street banks are too big to prosecute. But an outraged California jury might have different ideas. As noted in the California legal newspaper The Daily Journal:
Read full article... Read full article...California juries are not bashful - they have been known to render massive punitive damages awards that dwarf the award of compensatory (actual) damages. For example, in one securities fraud case jurors awarded $5.7 million in compensatory damages and $165 million in punitive damages. . . . And in a tobacco case with $5.5 million in compensatory damages, the jury awarded $3 billion in punitive damages . . . .
Tuesday, April 22, 2014
Bank Depositors Take Up Arms to Protect Their Savings / Politics / Banksters
By: Pravda
The Bank of Russia revoked the license for banking operations from the Moscow-based bank Zapadny ("Western").
The reason for the revocation was the failure of the bank to execute the federal laws regulating bank activities and regulations of the Bank of Russia.
Read full article... Read full article...
Sunday, April 13, 2014
The Global Banking Game Is Rigged, and the FDIC Is Suing / Politics / Banksters
By: Ellen_Brown
Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report:
Read full article... Read full article...Derivatives . . . have turned into a windfall for banks and a nightmare for taxpayers. . . . While banks are still collecting fixed rates of 3 to 6 percent, they are now regularly paying public entities as little as a tenth of one percent on the outstanding bonds, with rates expected to remain low in the future. Over the life of the deals, banks are now projected to collect billions more than they pay state and local governments – an outcome which amounts to a second bailout for banks, this one paid directly out of state and local budgets.
Wednesday, April 09, 2014
Central Banker Liars, New Currency, Fatal Errors, Psycho War / Politics / Banksters
By: Jim_Willie_CB
A global clash of nations is underway in full gear. The storm is picking up speed, power, intensity, and damaging force. Many are the swirls of the current situation. A hodgepodge of topics have been caught and trapped, best to discharge on paper, the effect like a wondrous enema. The banker lies grow thicker, as they are unable to so easily deceive anymore. The potential currency fix appears more imminent, as the solution seen as an assault on American interests (military angle). Any nation getting off the US Wagon Train is a rogue nation, the theme having become tired and ineffective. The fatal errors committed by the US economists and banker elite have finally resulted in clear signs of systemic failure.
Monday, March 17, 2014
Wells Fargo “Too Big to Fail” Bank Is Going Down / Companies / Banksters
By: Money_Morning
Shah Gilani writes: Last week I told you about “The Coming Curse of Zombie Foreclosures.”
I described how folks – who thought they were foreclosed on – are suddenly finding out they are actually still on the hook for mortgage payments, taxes, and all kinds of maintenance on abandoned homes.
Read full article... Read full article...
Friday, March 07, 2014
The Feds Are Dedicated To Enriching the Banks / Politics / Banksters
By: Richard_Daughty
My poor back was aching from playing golf, I was bored with TV, and, in desperation for something to do other than taking an interest in the kids, doing some desperately-needed chores around the house, or even faking the slightest interest in ANY of that crap, I was casually looking at, you know, economic stuff.
Wednesday, March 05, 2014
Bankers Reveal Their Crimes / Politics / Banksters
By: LibertyGoldAndSilver
The alternate financial media has been abuzz of late with bizarre stories of the alleged suicides of prominent members of world banking and finance. Over recent weeks, between eight and twelve (some say as many as twenty) successful traders and managers involved with FOREX trading and other derivative currency speculation, have conveniently “decided” to throw themselves from the roof tops of a variety of JP Morgan Chase banks in London, Hong Kong, and New York. Another top banking official, William Broeksmit, former executive at Deutsche Bank, was found hanged in his London home.
Saturday, February 22, 2014
Why the Banks Are Doomed! / Politics / Banksters
By: Washingtons_Blog
It’s not just that banks are no longer needed–they pose a needless and potentially catastrophic risk to the nation. To understand why, we need to understand the key characteristics of risk.
The entire banking sector is based on two illusions:
1. Thanks to modern portfolio management, bank debt is now riskless.
2. Technology only enhances banks’ tools to skim profits; it does not undermine the fundamental role of banks.
Read full article... Read full article...
Friday, February 21, 2014
Don’t Believe the Headlines, Big Banks are Still Screwing You / Politics / Banksters
By: Money_Morning
Shah Gilani writes:When it comes to big banks’ bad behavior and the fines they pay to settle “allegations” — which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe — things aren’t even close to what they seem.
Sure the headlines scream victory, at least monetary victory, for some ripped-off consumers, some hard-charging regulators, and our vaunted (NOT) Justice Department.
Read full article... Read full article...
Thursday, February 20, 2014
The Shocking Deals Behind Bankster Fines, The Real Reason No One Goes to Jail / Politics / Banksters
By: Money_Morning
Shah Gilani writes: Headline news about banks settling charges for violating rules, regulations, and laws - and announcements of the fines they agree to pay - appears every day...
Rarely - if ever - do they reveal how much money is really being paid or where it's going...
They also seldom explain what kinds of settlements are reached...
Read full article... Read full article...
Monday, February 17, 2014
Goldman Sachs' Most Dangerous Trade / Companies / Banksters
By: Money_Morning
Shah Gilani writes: Here's something you probably don't know, and it will really tick you off.
You probably do know the biggest banks in the world have commodities businesses.
Those lines of business might include trading desks (trading everything from gold and copper to kilowatts), transportation (pipelines, railcars and tankers) and storage (warehousing) operations, mining operations, as well as production, refining, and raw and finished commodity distribution operations.
Read full article... Read full article...
Monday, February 10, 2014
The Stench of Political and Financial Corruption / Politics / Banksters
By: Jesse
Read full article... Read full article...
Monday, February 03, 2014
Inside the Bankster Settlements: Where All the Money Is Going / Politics / Banksters
By: Money_Morning
Shah Gilani writes: Everyone wants to know where the billions of dollars big banks have forked over to bank regulators, the SEC, the CFTC, the FERC, and the Department of Justice ends up.
But, before I can tell you who's paid out what, the infractions they committed, and where that money ends up, I want to give you information that's critical in assessing your bank and your investments...
Just who is it that's looking out for your money?
Read full article... Read full article...
Sunday, February 02, 2014
Enough is Enough: Fraud-Ridden Banks Are Not L.A.’s Only Option / Politics / Banksters
By: Ellen_Brown
“Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a dozen felonies, including bid-rigging on municipal bond debt; colluding to rig interest rates on hundreds of trillions of dollars in mortgages, derivatives and other contracts; exposing investors to excessive risk; failing to disclose known risks, including those in the Bernie Madoff scandal; and engaging in multiple forms of mortgage fraud.
Saturday, February 01, 2014
Laundromat Banks Too Big To Fail / Politics / Banksters
By: Richard_Mills
Money laundering is the process by which illegally obtained cash is made to appear as if it has been obtained by legal means.
The following snippet is fromRobert Mazur's 'How to Halt the Terrorist Money Train' article that appeared in The New York Times:
"The House Subcommittee on Oversight, Investigations and Management issued a shocking report documenting the collaboration between Mexican and Colombian drug cartels and Hezbollah in narcotics and human trafficking, smuggling and financial crimes in the United States and Latin America -- a partnership that, in just the border region between Brazil, Paraguay and Argentina, produces an estimated $12 billion in cash each year.
Read full article... Read full article...
Wednesday, January 22, 2014
How the Banksters Took Control / Politics / Banksters
By: Gary_North
The case was McCulloch v. Maryland (1819).
The legal issue: Could the state of Maryland tax the Second Bank of the United States? It was a private bank.
The issue, as stated by Chief Justice Marshall in a long, detailed decision, was this: Does the Constitution allow Congress to charter a bank? That was what Congress did in 1791: the [First] Bank of the United States. It was a central bank. Its charter lapsed in 1811.
Read full article... Read full article...
Wednesday, January 22, 2014
Ben Bernanke's Banksters Legacy / Politics / Banksters
By: BATR
With Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts. Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy. However, the admirers of the Fed and his specific enactments live in a time warp that only masters of the universe encounter. For the remaining population, an intense struggle for survival is the actual experience, remembered from the Bernanke years.
Tuesday, January 07, 2014
JP Morgan Behind Madoff Ponzi Scheme? Pays $2 Billion to Avoid Prosecution / Politics / Banksters
By: Washingtons_Blog
Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes.
So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution.
While this may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan.