Banksters

Old Peoples Savings

Old peoples savings is the new Battle cry of desperadoes.

It is shameful to see “Political Economists” who by the way have not apologized for the state of their Dismal Science, propagate this “simple” solution, whose personal savings by the way are of cause safely tucked away in foreign banks.

What they and desperadoes in general don’t want to understand, is that these meager life savings are rapidly disappearing anyway, with negative interest, multiple taxation and worthless currency.

These creatures  should try to understand real money which is counted in trillions and who controls it. – It sure ain’t the old folks.

Young people have the option to find a new job, to leave the country, and to start anew. Older people in their seventies and eighties have no such options.

If people choose to get lied-to they can’t blame the liar for the lie, they them selfs have become the People of the Lie

So Wrong
Bought … Profession
Religion, not a science
Arbitrary numbers
Cult(ural) Myths
Confirmed by a typewriter
Adam’s Fallacy
The Dismal Science
The Lost Science of Money
The Creature from Jekyll Island
Trends: Bullets, Bombs & Banks

Charles Ferguson’s ‘Inside Job’

 

Frederic Mishkin, a personal friend (?)
France 24 interviews Charles Ferguson
The Criminal Class

Manufacturing righteousness

What would we do without the industrious public relations people?

Not a day passes without “news” about his boyish charms. Boy: walking in a public place, – in a tent, – on his motorbike, – promising to pay his debts.

No improper mention of is private jet or yacht, his days in Petersburg, his offshore accounts, his massive loans days before “his” bank went bankrupt, – leaving Icesave with a humiliated nation.

And of course the neo-con-religious find no fault in him, after all he is the living proof for their ‘Weltanschauung’.

I’m King David, and I did not approve.
– ” – , and it’s not to much for the state to swallow.

Les 7 salopards de la crise  (3/7) – Marianne N°692
Trust Me, What Could Possibly Go Wrong?

Taming the Monster

Five Ways to Tame the Financial Market Monster:

  1. Control the Banks! (Glass-Steagall)
  2. More Equity Capital! (Bad loans – high yields, Extraordinary leverage, No meaningful loss reserves)
  3. Quality Controls for Financial Products! (Bubbles)
  4. Monitor the Hedge Funds! (Derivatives Time Bomb)
  5. Control the Ratings Agencies! (Paid Escorts)

Five Ways to Tame the Financial Market Monster
Emry – Billions for Bankers – Debts for the People (1982)
Martenson – The Crash Course
Money as Debt
Renaissance 2.0

Stripping national assets

First the fish stocks, then the banks, now the natural energy resources. These are the actual accomplishments of our business people and their political servants. In the days up to elections, political parties claim to have public welfare as their highest priority. For the rest of the time theft and financial terrorism is the norm.

This happens when the Left-freaking-Greens and Social Democrats are in power, and some say that this is a part of the IMF’s deal with the government, which of course is not available to the public.

We need a national referendum to stop this insanity.

Blatantly corrupt tale (or the second coming of Christ).
The Big Sellout
Puppets of private bankers (and he is a nut?)
The Quislings among us
“Drop Dead Economics”
Lying children and fraudulent markets

Can’t Top That, and Then They Do

After all this time and endless stream of unbelievable news of bankers fraud we are told, that even after the fall, “they” stole the rescue-package (the best part of the Central-banks reserves) and transferred the moneys to tax-havens (Luxembourg and British-Virgin Islands).

Now, the news read “engaged in a sweeping conspiracy”, obviously not to the liking of the “conspiracy phobics“.

Global Illicit Financial Structures:

  • Tax havens
  • Secrecy jurisdictions
  • Disguised corporations
  • Redomiciliation provisions
  • Anonymous trust accounts
  • Fake foundations
  • Falsified pricing
  • Money laundering techniques

Interpol – Wanted EINARSSON, Sigurdur
Ounce of Gold for information leading to arrest
Iceland’s Glitnir sues ex-officials for $2 bln
Icelandic leaders accused of ‘negligence’
Dunning–Kruger effect

William K. Black

The “F” Business Plan: Mathematically Proven Formula to enrich CEO’s and? impoverish everyone else.

1. Grow like crazy
2. Bad loans – high yields
3. Extraordinary leverage
4. No meaningful loss reserves

Never “Fuzzy” & No “Boundaries”: The Best Way to Rob an Icelandic Bank Was to Own One
(Discussions)

Holding Abusive and Fraudulent Elites and Enablers Accountable
(Discussions)

Quotes from “The Truth Report”

National Newspapers Editor:

” I’ve been monitoring this for 50 years. It’s a disgusting society, it’s all disgusting. There are no principles, there are no ideals, there is nothing. It is just opportunism and power struggle.”

Kaupthing Bank HQ:

“Hi Magnus, We didn’t finalize our bonuses for last year. I suggest 1 million euros. What say you. Bye. Se. ”

Sigurdur Einarsson email to Magnus Gudmundsson, date. 9th July 2008.

Kaupthing Bank Luxembourg:

“Thank you more than enough :-).”

Responses to Magnus Gudmundsson, date. 9th July 2008, to the above Email from Sigurdur Einarsson.
. . .
” The largest owners of all the big banks had abnormally easy access to credit at the banks they owned, apparently in their capacity as owners.”

” Unfortunately, it seems to be unavoidable to conclude that the state’s budget policy increased in fact the imbalance.”

” The Board of Governors of the CBI was more often in favour of less restraint than the chief economist of the Bank had proposed.”

” All the banks purchased their own shares on a large scale in automatically matched trades in the Stock Exchange.”

” During the meetings of the Board of Governors of the CBI with ministers, the bank would not be in the habit of handing out documents with summarised information, along with the bank’s review of that information and proposals for actions, where applicable.”

” In statements by ministers and representatives of the governmental institutions before the SIC, each pointed a finger at the other concerning positive obligation and no one assumed responsibility.”

” On 15 April 2008 Mr. David Oddsson sent a formal request for a currency swap agreement to the Bank of England. Mervyn King, Governor of the Bank of England, replied to Mr. Oddsson’s letter on 23 April and rejected the request by the CBI. However, he declared that foreign central banks could help Iceland find an effective way to reduce the size of its banking system. In his opinion, this was the only practical solution to the problem. In closing, King said that he offered all the help he could provide to tackle the issue at hand. The CBI did not accept this offer.”

” The aforementioned procedures by the authorities with regard to contingency plans for protecting the financial system of the country, and other fundamental interests of state and the nation, were unacceptable. These methods were not in keeping with the manner in which nations with developed financial markets and administration operate in general.”

” In its supervisory duties the FME was lacking in firmness and assertiveness, as regards the resolution of and the follow-up of cases. The Authority did not sufficiently ensure that formal procedures were followed in cases where it had been discovered that regulated entities did not comply with the laws and regulations applicable to their operations.”

” However, when the size of the financial system of a country is nine times its gross domestic product the roles are reversed. This was the case in Iceland. It appears that both the parliament and the government lacked both the power and the courage to set reasonable limits to the financial system.”

” … the Commission was not expected to address possible criminal conduct of the directors of the banks in their operations. …
the SIC is of the opinion that Mr. Geir H. Haarde, then Prime Minister, Mr. Árni M. Mathiesen, then Minister of Finance, and Mr. Björgvin G. Sigurðsson, then Minister of Business Affairs, showed negligence, within the meaning of Article 1(1) of Act No 142/2008, during the time leading up to the collapse of the Icelandic banks, by omitting to respond in an appropriate fashion to the impending danger for the Icelandic economy that was caused by the deteriorating situation of the banks.
The SIC is also of the opinion that Mr. Jónas Fr. Jónsson, then Director General of the FME, and Mr. Davíð Oddsson, Mr. Eiríkur Guðnason and Mr. Ingimundur Friðriksson, then Governors of the CBI, showed negligence, within the meaning of Article 1(1) of Act No 142/2008, in the course of particular work during the administration of laws and rules on financial activities, and monitoring thereof.” …

The Truth Report
Press conference 12.04.2010 in English

The School of Lies

The Bankster School of Lies has a tried and tested technique, “give them something repugnant to deny”,  thus displacing any blame, works every time and while psychopaths have no difficulty with this, normal people do.

Liar(s) could be distinguished by these traits: 1.) Consistent destructive, scapegoating behavior, which may often be quite subtle. 2.) Excessive, albeit usually covert, intolerance to criticism and other forms of narcissistic injury. 3.) Pronounced concern with a public image and self-image of respectability, contributing to a stability of lifestyle but also to pretentiousness and denial of hateful feelings or vengeful motives. 4.) Intellectual deviousness, with an increased likelihood of a mild schizophrenic-like disturbance of thinking at times of stress.

The mass-media owned by the “Temple” drums the message, “You Owe Us Money!” (equivalent to the older, “You Are a Sinner!”) not specifying the: Who, What, When, Where, Why, and How. If we are stupid enough to ask for specifics, they respond with broad generalities. It appears that the “extortionists” have conveniently forgotten the insolvency law which states that recourse can only be made to the estate of the bankrupt and not to unrelated parties.

In The Battle For Our Minds we have been treated to the standard diet of: threats of isolation, fatigue, tension, uncertainty, financial jargon (econo-speak) of unintelligible terms, and of course no humor (debt is deadly serious).

Governments, lobbied by the finance industry, have removed all effective regulations including those for crime and fraud, all supposedly made right by the sacred and infallible market, finally shrouding it all in bank secrecy and international treaties, and still corrupt governments and private banks are our penance.

As we go up the hierarchy in organized power structures this pattern becomes even more prevalent and damaging. As the Banksters have through the ages claimed to be the “Treasurers of The Gods.” and to be “Doing God’s Work”, I can’t but include the videos from the Intelligence Squared Debate, due to the obvious parallels in hypocrisy, pride and prejudice, here are Stephen Fry and Christopher Hitchens.

People have been grappling with this curious lack of ‘humanness’ for a very long time, here is more on the subject:

The Mask of Sanity
People of the Lie: The Hope For Healing Human Evil
Snakes In Suits: When Psychopaths Go To Work
The Lost Science of Money: The Mythology of Money, The Story of Power
The story continues
People with Power Are Better Liars

Ugly Truths and Sweet Lies

 

Max Keiser on Egill Helgason (1/2)

Max Keiser on Egill Helgason (2/2)

Max Keiser must be somewhere in the vicinity of the truth as many are beside them self with anger over this interview. Wikipedia lists 33 Propaganda Techniques which can be ticked of one by one in this torrent of anger, – from the most unlikely sources
As they say, “Truth is treason in the empire of lies”

Max Keiser interviews Janet Tavakoli

Inside Story – Saving the World in Davos?

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