“We do have a fascist system. It’s entirely corrupt. In the financial area, we have a bankocracy. I mean the banks, in cahoots with the Federal Reserve and the government, are running everything.” – Lew Rockwell Continue reading
America’s Secret Deal with the Mexican Drug Cartels
By Tom Burghardt
September 3, 2012
In a story which should have made front page headlines, Narco News investigative journalist Bill Conroy revealed that “A high-ranking Sinaloa narco-trafficking organization member’s claim that US officials have struck a deal with the leadership of the Mexican ‘cartel’ appears to be corroborated in large part by the statements of a Mexican diplomat in email correspondence made public recently by the nonprofit media group WikiLeaks.
“perhaps 60,000 tons of allocated, segregated gold have been improperly used by the cartel to settle Asian margin calls!” – Jim Willie
$16,000,000,000,000.00 “secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. (…) virtually none of the money has been returned and it was loaned out at 0% interest.” blacklistednews.com
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000) Continue reading
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ↄ⃝ Copyleft CanadaNewsLibre 2012
LIBOR Banks Are a ‘Cartel in Restraint of Trade‘
August 8, 2012
Der Spiegel reported on Aug. 3, from law enforcement and regulatory sources in Germany, that EU and German regulators, including BaFin, are concluding that there was systemic rigging for profit, by major banks, of the immense global interest-rate-swap/foreign-exchange-swap derivatives market. A shorter NYT “DealBook” piece Aug. 5 reports essentially the same thing, and both stress that bank managements are now cooperating, “investigating”, and fingering each other. “I’ve only seen this kind of behavior before in connection with the mafia,” one regulator is quoted by Spiegel.
Time to Shut Down the Dope Banks!
The list of banks caught for money laundering in recent years is impressive. We can name quite a few off the tops of our heads—HSBC, Wachovia, Barclays, RBS’s and the Queen’s Coutts, ING, Lloyds TSB, Bank of America, Riggs, and American Express—and there are undoubtedly many more. Continue reading
“(United States of America v. Carollo, Goldberg) this just-completed trial in downtown New York against three faceless financial executives really was historic. Over 10 years in the making, the case allowed federal prosecutors to make public for the first time the astonishing inner workings of the reigning American crime syndicate, which now operates not out of Little Italy and Las Vegas, but out of Wall Street.”
“In March 2010, Wachovia was found guilty of having laundered at least $378 billion (yes, billion with a “b”) in drug money from 2004-07 for Mexican drug cartels, the same gangs that have wreaked murder and misery on much of Mexico, leaving more than 40,000 dead. Without money launderers, the big-time drug cartels cannot function.”
“Not one Wachovia executive spent a night or even an hour in jail, although the value of their crime was 1 billion times greater than the average street dealer.” LiberationNews.org.
“Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn.”
“Iceland’s special prosecutor has said it may indict as many as 90 people, while more than 200, including the former chief executives at the three biggest banks, face criminal charges.”
“That compares with the U.S., where no top bank executives have faced criminal prosecution for their roles in the subprime mortgage meltdown.”
“The Icelandic people are getting through the crisis by
not bailing out the banks,
but putting them into bankruptcy.”
“We have a growing police state in this country.”
“They’re doing, under the direction of the central government,
exactly what the U.S. all has criticized these other countries for…”
and the resistance.
Just click on the link below to listen to the interview:
“It appears clearly that this phony Europe is constructed against the interest of the people and their mode of free and democratic expression”
“The time has come to end the bailout of megabanks and to separate investment banks from deposit and credit banks in order to deprive the speculators of their ammunition.”
“a public system of productive credit has to be created, a system capable of reorganizing our economies, not in the interest of substance-looting imperial monetarism, but in the interest of the creation of resources for the common good.” Jacques Cheminade Candidate for President, France 2012
Many people have heard of the Bilderberg Group, Illuminati or the Trilateral Commission. But what are the names of the families who run the world and have control of states and international organizations like the UN, NATO or the IMF? Continue reading