Financial War Games or Cover for Something Else?

Banks in the US and UK are planning a disaster recovery drill on Monday. What do you think they’re not telling us? Will this be a re-boot of the banks? Will this be the cover story for cleaning-out everybody’s bank account(s), like they did in Cyprus? -LW


Chris Giles
October 10, 2014
Financial Times

Jason Hawkes | Iconica | Getty Images

Britain and the US will stage the first transatlantic simulation of a crisis in a large bank on Monday, in a sign of growing confidence that the authorities can now deal with the failure of large institutions.

All of the main players who would need to be involved in a failure of companies such as Bank of America, Goldman Sachs, Barclays or HSBC will gather in Washington DC to make sure they would know what to do, who to call and how to inform the public.

The move reflects the authorities’ view that they are getting close to solving the “too big to fail” problem, even for cross-border banks, outside a full-blown system-wide crisis.

George Osborne, UK chancellor, announced he would be taking part in the “war game” along with Jack Lew, US Treasury secretary, Janet Yellen, head of the Federal Reserve, Mark Carney, Bank of England governor and other senior officials from both countries.

The simulation will not mimic any particular banks but the authorities will run through the procedures they would follow if a large UK bank with US operations failed and those for a significant US bank with a British presence. Unlike domestic war games held before the financial crisis, Mr Osborne pledged to publicise the results.

Source.

$16 Trillion Federal Reserve Lie is Nothing Compared to Gold and Silver Market Manipulation

The financial atrocities committed against Humanity are indeed staggering.We’re talking gazillions. Well, I’M talking gazillions because my brain will only recognize so many zeroes and then it’s just an insane amount of money I can’t quantify.

The scale of the theft and deceit on this planet is almost beyond belief, and we haven’t heard it all yet.  I expect it will be leaking out continually from here on. Talk of retracted articles is a common theme these days as information is leaked and taken back on many subjects and the financial is no different.

It’s best to get your money out of the banks. If you must, use a small, local bank or credit union, but stay away from the large ones because the banksters will use your money at the ‘casino’. 

We have been told purchasing gold and silver is a good idea, but after reading this article… perhaps not. Land might be better. Ever heard of a ‘trust deed’?  ~ BP

GoldandSilverMarket091114

$16 Trillion Federal Reserve Lie is Nothing Compared to Gold and Silver Market Manipulation

By Christina Sarich, NationofChange, August 11, 2014 – http://tinyurl.com/oljm6qk

Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry.” ~ CFTC Commissioner Bart Chilton

The July 2011 audit by the Government Accountability Office of the Federal Reserve exposed one of the biggest lies the US has ever been told – that the Fed had secretly given out $16,000,000,000,000.00 to US banks, corporations and foreign financial institutions everywhere from France to Scotland, but this incredible exposed deceit is nothing compared to what is coming out now about the manipulation of gold and precious metal markets.

The prevarications of cabalistic bankers and their puppeteers are like the teeth of a viperfish. Though the creature looks pretty horrific, they only grow to about 12 inches long, and they like to stay deep in murky waters to avoid detection.

Sure, those prehistoric-looking jaws are scary, but only as long as you stay ill-informed. However, if you were hoping to ride unscathed through the supposed looming Global Currency Reset or Revaluation (GCR), by purchasing gold and silver, think again.

Though the Feds called the secret $16-trillion-dollar bank bailout an ‘all-inclusive loan program’ it was nothing more than a heist. The same as the gold, silver, platinum, and other precious metal market tinkering happening right under our noses, today. These markets are manipulated in order to line the pockets of big financial institutions – who were already bailed out by Cabal money. It’s the continuation of legacy of giving ‘the entitled’ more entitlement.

This manipulation is evidenced in a number of ways. During the nearly 5,000 years in which humanity has been mining/refining gold and silver; the gold/silver price ratio has averaged roughly 15:1. Yet currently (and through all the recent decades of silver manipulation) this ratio has been depressed to 50:1 (or lower).

Christopher Pia, a hedge-fund trader with Moore Capital has just been fined $1 million in a market manipulation of precious metals settlement but his previous fines loomed larger. He paid a $25 million fine to settle separate CFTC claims of attempted manipulation and supervisory violations in April 2010 without admitting or denying the allegations. He is just a small shark in the big ocean, too. If these were just his fines settled out of court, you can imagine the total dollar value of the markets he machinated.

Additionally, China’s Chief Auditor has identified $15.2 billion in loans backed by falsified gold, according to the National Audit Office’s website.  It has been estimated that upwards of $80 Billion was advanced in gold backed loans alone, according to Goldman Sachs, as quoted in a Bloomberg article today.

Furthermore, Financial Times removed an article from its site recently that exposed gold market manipulation because it was too ‘sensitive.’ You can see a preserved copy of the article here. The article attests that gold prices were manipulated 50% of the time between 2010 and 2013.

“The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC [a New York based corporate bank], Barclays, Bank of Nova Scotia, and Societe Generalein a process known as the London gold fixing.”

Let me back up and give just a little history about the players in the ‘investigation’ of market manipulation. The cabal is divided into smaller groups, but they all work together, until their piece of the pie is threatened. The Four Horsemen of Banking include the Bank of America, JP Morgan Chase, Citigroup and Wells Fargo who own the Four Horsemen of Oil: Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco; in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.

Many mainstream publications try to minimize investor worries about gold and silver price-fixing by saying that there is no evidence that gold prices are rigged, but you’d have to be a pretty dull knife to buy that fabrication.

As the Financial Times article clearly outlined in their retracted article:

“Research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”.

“[This] is indicative of panel banks pushing the gold price upwards on the basis of a strategy that was likely predetermined before the start of the call in order to benefit their existing positions or pending orders.

“The behaviour of the gold price is very suspicious in 50 per cent of cases. This is not something you would expect to see if you take into account normal market factors.”

In fact, Britain’s Barclay’s bank was recently slapped with a $44 million dollar fine for gold price fixing ( a mere slap on the hand), and as Rolling Stone writer Matt Taibi has said, “The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix.”

So whether its interest rate swapping, libor fixing, or the manipulation of gold and silver, its all fair game to the Four Horsemen. So are we to believe these goons, represented by some ‘anonymous party’ when they say that they want to change the process of how they value metals?

“The proposal is for an independent chairman and third-party administrator, said the people, who asked not to be identified because the information is private. Deutsche Bank AG’s exit from the process this year as it scales back its commodities business left Societe Generale SA, Bank of Nova Scotia, HSBC Holdings Plc and Barclays Plc to set the fixing price twice a day by phone.”

This, as the World Gold Council (WGC) hosted a meeting on July 7 attended by 34 delegates including producers, refiners, central banks and exchanges, and who discussed the gold benchmark. They unanimously want an independent party to administer the rate as well as improve transparency.

Good luck with that, WGC, it’s like asking for the Easter Bunny to prove that Santa Clause exists. As long as the cabal is allowed to continue its machinations, no trading is sacred.

Source

 

Financial Defcon Beckons by Tom Heneghan; March 2nd, 2014

Financial collapse is on the horizon—in a GOOD way. Before the new can be born out of the ashes of the old, the old must fall—totally and completely; so I WELCOME a collapse. Only good will come of it. The new, transparent and equitable system is ready and waiting to go live. The Phoenix is rising.  ~ BP

UNITED States of America  –  It can now be reported that Russian Federation President Vladimir Putin has accused the Obama Administration of using the U.S. Nazi Paperclip-Zionist NSA of engineering political psyops in the nation of Ukraine.
 
The psyops are being funded and financed by financial terrorist and Nazi Jew George Soros and the German Deutsche Bank.
 
Soros and the U.S. NSA have been backing an ultra-nationalist party in the Ukraine that are neo-Nazis and regularly hold rallies in which they praise the former German Chancellor Adolf Hitler.
 
The George Soros-NSA destablization of the Ukraine began pre-Sochi Olympics when the NSA controlled CNN network began a propaganda blitz encouraging terrorist attacks at the Russian Sochi winter olympic games.
 
The CNN propaganda blitz was used to disguise the political psyops in the Ukraine.
 
At this hour we can report that the crisis in the Ukraine is setting off more massive worldwide bank asset deleveraging with derivative roll over costs escalating.
 
Russian Federation President Vladimir Putin is enraged after discovering that the U.S. Nazi Paperclip NSA (assisting crooked worldwide banks in bogus algorithm and derivative trading on a nightly basis) secretly parked with an electronic transfer worthless Deutsche Bank, Bank of America, Euro currency dominated derivatives in secret Ukrainian and Hungarian bank accounts (linked to the ECB) and then cross-collateralized them.
 
These cross-collateralized derivatives were then used to destabilize the Russian ruble and finance the political psyops in the Ukraine.
 
At this hour all Ukrainian and Hungarian Deutsche Bank linked secret accounts have been frozen by the IMF.
 
Deutsche Bank now faces financial decapitation with the Bank of England as a counter party.
 
P.S. We can also report that the U.S. Nazi Paperclip NSA has outsourced the monitoring of American citizens cell phones and emails to none other than the Japanese mafia (the Yakuza).
 
The Japanese mafia aka Bakuto gamblers are also assisted by the U.S. NSA in using bogus algorithms to manipulate the Russian ruble and Japanese yen simultaneously.
 
Note: The Japanese mafia has large financial trading accounts tied to U.S. Bank of America.
 
In closing remember the old saying “those in glass houses shouldn’t throw stones”.
 
Reference: The totally illegal and UN-Constitutional U.S. invasion of Iraq by election stealer, nation wrecker, Constitution shredder, U.S. Treasury embezzler, homosexual in the closet, cocaine snorting, AWOL war criminal George W. BushFRAUD that blew a $7 TRILLION hole in the U.S. Treasury.
 
Iraq is currently engaged in a Shiite-Sunni civil war.
 
Question to BushFRAUD: Is the counterfeit or real Iraqi dinar in the Central Bank of the Ukraine or the Central Bank of Japan?
 

Stay tuned.

Source

 

Investigation into Forex Manipulation & the Case of 12 Dead or Disappeared Bankers and Journalists [video]

They say there are between 5 and 12 bankers dead now, but also journalists, under highly suspicious circumstances.  ~ BP

 

Here’s One For You—Explosive, Yes; Believe It… or Not

Thanks, Patrick. I didn’t vet it but…

Tom Heneghan has posted a pretty racy piece. I won’t even try to describe it. Interesting intel.

Check out the photos and decide for yourself. It’s pretty out there, but not altogether unbelievable, I suppose.  ~ BP

U.S. Military Pivots Again

 
by Tom Heneghan, International Intelligence Expert

http://www.tomheneghanbriefings.com/

The End Game Memo Spelled Financial Ruin for the Planet

In the event you didn’t see this on any of the many other sites where it appeared…

The End Game Memo

 

By Greg Palast

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

endgame

The memo is authentic.

I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,

“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people… We don’t have cigar-smoking, rich, crazy bankers negotiating.”

Then I showed him the memo.

It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:

“As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”

To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:

  • Goldman Sachs: John Corzine (212) 902-8281
  • Merrill Lynch: David Kamanski (212) 449-6868
  • Bank of America: David Coulter (415) 622-2255
  • Citibank: John Reed (212) 559-2732
  • Chase Manhattan: Walter Shipley (212) 270-1380

Lamy was right: They don’t smoke cigars. Go ahead and dial them. I did, and sure enough, got a cheery personal hello from Reed – cheery until I revealed I wasn’t Larry Summers. (Note: The other numbers were swiftly disconnected. And Corzine can’t be reached while he faces criminal charges.)

It’s not the little cabal of confabs held by Summers and the banksters that’s so troubling. The horror is in the purpose of the “end game” itself.

Let me explain:

The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet — in one single move. It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers’ and Summers’ game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.

Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”.

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation.

Bankers Go Bananas

Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?

The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.

And so on – with every single nation bullied into signing.

Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union’s Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.

China signed – but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)

The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany.

Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: the gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.

Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.

And the memo reveals a lot about Summers and Obama.

While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup”. Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million.

Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.

That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game.

Special thanks to expert Mary Bottari of Bankster USA without whom our investigation could not have begun.

The film of my meeting with WTO chief Lamy was originally created for Ring of Fire, hosted by Mike Papantonio and Robert F. Kennedy Jr.

Further discussion of the documents I laid before Lamy can be found in “The Generalissimo of Globalization,” Chapter 12 of Vultures’ Picnic by Greg Palast (Constable Robinson 2012).

Follow Greg on Twitter: @Greg_Palast

 

JPMorgan Reveals It Faces Criminal and Civil Inquiries

JPMorgan Chase's headquarters in Manhattan.Thanks to The People’s Voice Facebook group…

August 7, 2013

JPMorgan Reveals It Faces Criminal and Civil Inquiries

JP Morgan disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis, the latest legal threat to the nation’s biggest bank.

JPMorgan acknowledged for the first time the existence of the investigation — one of several mortgage-related problems looming for the bank — in a quarterly regulatory filing. It said that the civil division of the United States attorney’s office for the Eastern District of California, which covers a stretch of land that includes Sacramento and Yosemite, has “preliminarily concluded” that JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007. The parallel criminal inquiry, according to one person briefed on the matter, is in a more preliminary stage.

Adding to scrutiny of the bank, federal prosecutors in Philadelphia are examining whether JPMorgan duped investors into buying troubled mortgage securities that later imploded, according to people briefed on the matter, who spoke on the condition of anonymity. The prosecutors are investigating whether JPMorgan churned out the mortgage-backed securities without ensuring that the investments met underwriting standards, the people said.

Representatives for the bank and the federal prosecutors declined to comment.

Once a darling in regulatory circles, JPMorgan has become a magnet for scrutiny in recent years, drawing attention from at least eight federal agencies, a state regulator and two European nations. The authorities are investigating the bank in connection with its financial crisis-era mortgage business and a $6 billion trading loss in London last year, among other issues.

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.

JPMorgan is hardly the only Wall Street firm taking heat in Washington. The investigations into the bank are playing out as prosecutors increasingly take action against Wall Street firms that bundled mortgages into complex investments in the heady days of the housing boom.

On Tuesday, Bank of America found itself in the government’s cross hairs when the Justice Department and the Securities and Exchange Commission accused the bank of defrauding investors by greatly overstating the quality of mortgages backing roughly $850 million in securities. The bank contested the accusations.

The lawsuit was the latest volley from President Obama’s federal mortgage task force, which has vowed to hold financial firms accountable for their role in the mortgage boom and bust that threatened to topple the American economy.

The working group’s first action came last October, when the New York attorney general, Eric T. Schneiderman, took aim at Bear Stearns, the firm that JPMorgan acquired during the depths of the financial crisis. The firm, Mr. Schneiderman said in a lawsuit, sold securities between 2005 and 2007 that caused roughly $22.5 billion in losses for investors.

Investors were assured, the lawsuit said, that the firm scoured the loans packaged into the investments to assure their quality. In fact, the prosecutor contended, there was little vetting.

JPMorgan is fighting the lawsuit.

A month later, however, JPMorgan agreed to a $296.9 million pact with the S.E.C. to resolve unrelated claims that Bear Stearns duped mortgage investors by failing to disclose some delinquent loans. JPMorgan did not admit or deny wrongdoing.

JPMorgan is also one of 18 banks that a federal regulator accused of selling troubled loans to Fannie Mae and Freddie Mac — the government-controlled mortgage finance giants — without fully disclosing the potential risks. The regulator, the Federal Housing Finance Agency, recently rejected a settlement offer from JPMorgan, the people briefed on the matter said, raising the prospect of a drawn-out legal battle.

In the latest investigations out of California and Philadelphia, federal prosecutors are examining whether

JPMorgan ignored evidence of broad flaws among the loans that were ultimately pooled and sold to investors, the people briefed on the matter said. The California investigation is aimed at the mortgage business that JPMorgan inherited after its purchase of Washington Mutual, the people said. It is unclear what prompted the inquiry in Philadelphia.

Facing the onslaught of unwanted attention, JPMorgan has moved to settle some cases. The bank recently struck a $410 million settlement with the nation’s top energy regulator, which had accused the bank of devising “manipulative schemes” to transform “money-losing power plants into powerful profit centers.”

Source