How do oil pipelines, the IMF and the Western banking cabal all meet in Ukraine?
To unpack any international event requires an ever-expanding awareness of the history, economics, resource and trade dynamics of the countries involved. Knowing where to look for clues helps reveal the similarities in seemingly unrelated events. The lens that THRIVE offers can be helpful in understanding the history of the global banking system, which is relevant no matter what country or issue you are trying to unravel.
In the case of Ukraine, Kimberly and I were recently in an informal Q&A where someone asked our perspective. The following short video is a first-level overview of some of the issues we think are operative. It is neither in-depth nor comprehensive, but it does include broken promises, the petrodollar, pipelines, the IMF and the Western banking cabal. The BRICS countries (Brazil, Russia, India, China and South Africa) have been collaborating in forming their own international bank, an alternative non-NSA infected Internet and their own alternative financial rating agency — that relies on asset-backed valuation. These are key to further understanding, and we will be addressing them in future blogs.
For now, we offer this spontaneous, short video with hopes that it is helpful for your own critical thinking about this momentous and precarious global dynamic.
I believe that our awareness and vocal demand that there be no aggression can have significant influence, as has been demonstrated with Iran and Syria in recent months.
What if the people of the region of Ukraine were forgiven their predatory fiat debts and then actually left alone — free of “super-power” bullying and grabbing?
Please add your comments so that we can all better understand what’s going on in order to be most effective in our actions for peace.
All Wars are Bankers Wars
Listen to a post production conversation between the producers by clicking on this mp3: https://soundcloud.com/eonitao-state/…
THE AMERICAN DREAM
All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away.Do you know how your money is created?Or how banking works?Why did housing prices skyrocket and then plunge?Do you really know what the Federal Reserve System is and how it affects you every single day?You will be challenged to investigate some very entrenched and powerful institutions in this nation,and hopefully encouraged to help get our nation back on track.
Banking – the Greatest Scam on Earth
The Greatest Scam on Earth – The Money Scam! The Money Scam is hidden right out in the open, yet buried in complication and confusion. A retired banker describes simply, the world’s Money Scam and the reason every country is now going bankrupt. Private bankers have stolen the money creation process, and whereas once our money was created by the governments, debt-free, it is now created out of thin air and issued as debt with interest charges. In today’s banker controlled world, money = debt, debt = slavery and therefore money = slavery — our monetary systems have become systems of enslavement. Money is created out of nothing, issued as debt, not enough money is created for the future interest payments and inflation steals our savings. The money creation process should be taken away from the banks and given to the governments who can create money debt-free, interest-free. This is how it used to be done and we needed no income taxes. Finally, it is explained what we should do to stop supporting the money scam.[youtube http://www.youtube.com/watch?v=UbCGSqkqsUY] [youtube http://www.youtube.com/watch?v=G9IH-XKQpOI] An oldie but a goodie. From the archives. Enhanced sound from original version.
Syria and The Terrorist Governments of the Western World
Max Igan – Surviving the Matrix – September 6th, 2013
By Ronald L. Ray
Hungary is making history of the first order.
Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny.
Already in 2011, Hungarian Prime Minister Viktor Orbán promised to serve justice on his socialist predecessors, who sold the nation’s people into unending debt slavery under the lash of the International Monetary Fund (IMF) and the terrorist state of Israel. Those earlier administrations were riddled with Israelis in high places, to the fury of the masses, who finally elected Orbán’s Fidesz party in response.
According to a report on the German-language website “National Journal,” Orbán has now moved to unseat the usurers from their throne. The popular, nationalistic prime minister told the IMF that Hungary neither wants nor needs further “assistance” from that proxy of the Rothschild-owned Federal Reserve Bank. No longer will Hungarians be forced to pay usurious interest to private, unaccountable central bankers.
Instead, the Hungarian government has assumed sovereignty over its own currency and now issues money debt free, as it is needed. The results have been nothing short of remarkable. The nation’s economy, formerly staggering under deep indebtedness, has recovered rapidly and by means not seen since National Socialist Germany.
The Hungarian Economic Ministry announced that it has, thanks to a “disciplined budget policy,” repaid on August 12, 2013, the remaining €2.2B owed to the IMF—well before the March 2014 due date. Orbán declared: “Hungary enjoys the trust of investors,” by which is not meant the IMF, the Fed or any other tentacle of the Rothschild financial empire. Rather, he was referring to investors who produce something in Hungary for Hungarians and cause true economic growth. This is not the “paper prosperity” of plutocratic pirates, but the sort of production that actually employs people and improves their lives.
With Hungary now free from the shackles of servitude to debt slavers, it is no wonder that the president of the Hungarian central bank, operated by the government for the public welfare and not private enrichment, has demanded that the IMF close its offices in that ancient European land. In addition, the state attorney general, echoing Iceland’s efforts, has brought charges against the last three previous prime ministers because of the criminal amount of debt into which they plunged the nation.
The only step remaining, which would completely destroy the power of the banksters in Hungary, is for that country to implement a barter system for foreign exchange, as existed in Germany under the National Socialists and exists today in the Brazil, Russia, India, China and South Africa, or BRICS, international economic coalition. And if the United States would follow the lead of Hungary, Americans could be freed from the usurers’ tyranny and likewise hope for a return to peaceful prosperity.
Prepare to be outraged. Newly obtained filings from this Florida woman’s lawsuit uncover horrifying scheme (Update)
A mortgage has two parts: the promissory note (the IOU from the borrower to the lender) and the mortgage, which creates the lien on the home in case of default. During the housing bubble, banks bought loans from originators, and then (in a process known as securitization) enacted a series of transactions that would eventually pool thousands of mortgages into bonds, sold all over the world to public pension funds, state and municipal governments and other investors. A trustee would pool the loans and sell the securities to investors, and the investors would get an annual percentage yield on their money.
The wait is finally over. A report by the New York Times states that the feds have called for the United Kingdom to turn over the two men behind the JP Morgan multibillion dollar losses last year in what has been termed the “London Whale.” Javier Martin-Artajo, a manager who oversaw the trading strategy, and Julien Grout the trader who enacted the strategy, now face extradition to the United States, and a waiting jail cell when they arrive, much like Larus Welding who, as CEO of Glitnir Bank in Iceland, was arrested and convicted for his role in the financial crisis.
This is not enough, however, for the Securities and Exchange Commission, which is pressuring the financial giant to admit its role in the trading scandal. This is on top of the public apology given earlier this year. The evidence is damning and only by admitting wrongdoing will JP Morgan avoid the worst penalties which the federal government can bring to bear. JP Morgan alone is facing scrutiny from a reported eight different federal agencies over its behavior, along with various state and extra-national agencies.
POSTED: August 8, 11:30 AM ET
|Former Goldman Sachs trader Fabrice “Fabulous Fab” Tourre|
A lot of interesting things happening on the white-collar enforcement front. Evil hedge fund SAC Capital and its villainous ruler Stevie Cohen were run through the gauntlet, Goldman Sachs patsy Fabulous Fab took a beating in civil court (I love the detail that emerged, that Goldman executives now call him “the poor kid“), and now, apparently, a pair of high-profile investigations have been launched against Bank of America and J.P. Morgan Chase for subprime mortgage fraud. The latter investigations seem to be designed to answer criticisms that nobody is going after the real doers of evil systemic crimes.
The Chase case apparently involves a criminal investigation, which is indeed interesting. The company admitted as much yesterday, saying federal investigators out West have “preliminarily concluded” that Chase brazenly violated securities laws when it sold subprime mortgage-backed instruments in 2005-2007.
But I’m skeptical it will turn into a real criminal investigation. All of the stories that broke in the last day or two noted the same detail, that Chase has beefed up its estimates for litigation/settlement costs:
As the investigations drag on, the bank is racking up significant legal costs. To help cushion against potentially hefty payouts to the authorities, JPMorgan recorded a $678 million expense for additional litigation reserves in the second quarter, up from $323 million in the same period a year ago, according to the filing on Wednesday.
The bank also estimated it could incur up to $6.8 billion in losses beyond its reserves, nearly $1 billion more than the first quarter of the year.
The government may very well decide to go after Chase in what it considers a big way. It may do the same for Bank of America, and then it may keep going on down the line to other banks, until it has collected a billion dollars or so from all the usual suspects, who were virtually all engaged in the same kinds of schemes, gathering and selling to customers radioactive mortgage bonds they knew were likely to explode, or were ridden with fraud and faulty underwriting.
But to me, these investigations will be meaningless unless one of two things happens, once they reach the inevitable stage of concluding painstakingly-crafted settlements with the inevitable teams of high-priced lawyers for the offending firms:
1) Someone goes to jail.
2) The company is ordered to break itself up into smaller pieces.
As to point one, here’s the thing. If criminal laws were violated, then the government certainly has discretion to exercise mercy and seek non-criminal sanctions against the individuals responsible. But they can really only do that and not be total hypocrites if they also simultaneously implement leniency programs for ordinary street criminals at the same time.
Just yesterday, for instance, a federal judge in Mississippi handed down a six-month sentence to a man and ordered him to pay $8,282 in restitution for food stamp fraud – one Stanley Jones apparently lied in an application about whether or not anyone in his household had ever been convicted of a felony drug charge when he applied for food stamps.
Stanley Jones is going to do six months in jail for fraud in a case brought by the same Justice Department now sniffing around Chase and Bank of America. I would be shocked if $8,282 didn’t represent the entire amount of value “taken” via Jones’s fraud. I spent a lot of time with people targeted for welfare fraud for my upcoming book, The Divide, and the state never settles for anything less than every last dollar in these cases. Incidentally, you can find cases like this pretty much every day in every state in the country. Guaranteed, someone somewhere in America right now is drawing jail time for some form of welfare fraud.
Meanwhile, S.E.C. target Fab Tourre – the Goldman exec who joked about selling bad bonds to “widows and orphans” – will not do a day in jail for his part in a fraud that caused two banks in Europe to lose over a billion dollars. And Fab’s restitution will range from $30,000 to $780,000, depending upon how much judge Katherine Forrest decides to ding him for each of his six counts of civil fraud. (It will be very interesting to see where she lands on that decision). Fab’s bank, Goldman, Sachs, has already settled for $550 million for the same case, which is a lot of money, but again less than the total amount of the damage. And nobody went to jail.
This isn’t about throwing bankers in jail for the sake of it. It’s about making things fair. If we’re going to keep throwing people in jail for food stamp fraud, then bankers who commit systematic securities fraud also have to go to jail. Either that, or we have to come up with alternative punishments for both types of nonviolent criminal. I’m not opposed to that, either. There are powerful arguments to be made against jail for many nonviolent offenders. The punishments for rich and poor just have to match, that’s all.
As to point two – if we’re not putting people in jail, we at least have to insist the companies break themselves up – this is in response to the argument made by the likes of Attorney General Eric Holder and former Department of Justice criminal division chief Lanny Breuer last winter after settlements involving HSBC (for money laundering) and UBS (for mass rate-fixing in the LIBOR scandal). The justification in those cases for deferred and or non-prosecution agreements coupled with huge fines as punishments for sweepingly destructive offenses was that the companies in question were too large and too systemically important to risk indicting criminally.
Well, let’s say that’s true. It’s an argument not completely without merit. Nobody wants to see a repeat of the Arthur Andersen case, when the federal government indicted on a single count, the company went under, and 28,000 jobs were lost.
But if that’s true, then the state can’t simply accept that reality every time a huge company starts committing serial fraud or theft. If these companies commit crimes but are too big to prosecute, well, then, in lieu of indictments of the firm, or jail terms for executives, they have to become smaller, so that they can safely be prosecuted the next time. The state has the power to make that happen, but it would be a shock if they ever exercised that power.
That won’t happen, however. Almost guaranteed, these investigations will end with huge cash settlements. We’ll keep the jails filled with food-stamp thieves, while the bank execs who knowingly hawked doomed mortgage bonds to “widows and orphans” all over the world will almost certainly get off. At worst, their shareholders will cough up another billion or two in settlement money.
All of this is stuff that has to be kept in mind when news of such investigations leaks. It may sound like tough action. But it could just as easily be more of the same cost-of-doing-business, for-appearances-only non-regulation of the looking-busy genus. Wake me up when someone goes to jail.
According to the police, Galubkov had already received $1.2 million from the company official before being caught. Police say Rosbank’s senior vice president has also been detained in connection with the corruption charges.
Rosbank ranks as one of Russia’s top-ten leading banks, based on assets and equity. It serves 3 million individual customers from 1,200 points of sale across Russia.
This week marks the beginning of one of the biggest financial leaks in history.
The International Consortium of Investigative Journalists has just released the first stories from a global collaborative project into the world of offshore money. The Tax Justice Network, an advocacy group claims that a third of the world’s wealth is tied up in the secret area of offshore.
For the past 15 months, journalists from over 40 countries have worked together to shed light on this issue.
And here’s some of what they found.
- François Hollande’s treasurer during the 2012 presidential campaign, businessman Jean-Jacques Augier, is revealed to have investments in the Cayman Islands.
- Philippine government officials said Friday that they will look into the disclosure that Maria Imelda Marcos Manotoc, the eldest daughter of the late dictator Ferdinand Marcos was a beneficiary of a secret offshore trust in the British Virgin Islands. “We are duty bound to investigate and, depending upon informed preliminary findings, decide whether to pursue the matter,” said Andres Bautista, the chairman of the Presidential Commission on Good Government, tasked with recovering the Marcos family’s alleged ill-gotten wealth.
- Germany’s largest financial institution, Deutsche Bank, helped its customers maintain more than 300 secretive offshore companies and trusts through its Singapore branch.
- New light is shed on a half-billion-dollar Ponzi scheme in Venezuela that shuffled investor money among a maze of offshore companies, hedge funds and bank accounts stretching from the Cayman Islands to Switzerland and Panama, smoothing the way by funneling bribes to officials in Venezuela.
- Commonwealth Trust Limited, a BVI-based firm, is revealed to have set up companies involved in the Magnitsky affair, a case that’s strained U.S.-Russian relations and blocked American adoptions of Russian orphans
- One of Mongolia’s most senior politicians says he is considering resigning from office after being confronted with evidence that he has an offshore company and a secret Swiss bank account.
- Newly uncovered documents link Maria Imelda Marcos Manotoc, the eldest child of the late Philippine dictator Ferdinand Marcos and now a senior political figure in her own right, to two secretive offshore trusts and an offshore company.
- A prominent Canadian lawyer, husband to a Liberal senator, moved CA$1.7 million (US$1.1 million) to secretive financial havens while he was locked in battle with the Canada Revenue Agency over his taxes, according to documents in a massive leak of offshore financial data.
- A corporate mogul whose business empire has won building contracts worth billions of dollars amid Azerbaijani President Ilham Aliyev’s massive construction spree is tied to the president’s family through secretive offshore companies.
- The prominent Thais listed in secret documents as owners of offshore holdings includes the former wife of ousted Prime Minister Thaksin Shinawatra, a sitting senator, a former high-ranking defense ministry official, Forbes-listed tycoons, and a former government minister whose assets in the United States are frozen because of her alleged links to Zimbabwean dictator Robert Mugabe.
- Greek citizens who own or direct offshore companies in the British Virgin Islands and other tax havens rarely declare them to Greek tax officials, a review of more than 100 companies shows. Just four out of 107 offshore companies investigated by ICIJ are registered with tax authorities as the law usually requires, particularly when the firms hold assets or conduct business in Greece. Officials apparently have no record of the other 103 firms — or whether the owners declared any assets held by these entities or paid taxes on them.
- A list containing examples of some of the most high-profile names uncovered in this investigation, along with records of their offshore companies. Those named come in the form of politicians, businessmen, army generals, tycoons, relatives of dictators, and are scattered across 29 different countries.
- Finally, for those interested in how ICIJ managed to tackle records cache, the data manager of the project, Duncan Campbell, writes an in-depth explanation of how our journalists were able make sense of the 260 gigabytes of information obtained. Four large databases, half a million text, PDF, spreadsheet, image and web files were dissected to reveal over 130,000 records on the people and agents who run, own, benefit from or hide behind offshore companies.
If you have story tips, documents or other information about this issue, contact us at firstname.lastname@example.org.