Veterans Sue Banks For Funding Terrorist Attacks on US Soldiers

Now here’s a Remembrance Day (Veterans Day) news story you probably won’t see on mainstream media, even though it is about seeking justice for soldiers. -LW


Susanne Posel, Chief Editor Occupy Corporatism | The US Independent
November 11, 2014

Vets Sue Banks For Funding Terrorist Attacks on US Soldiers - Top US & World News | Susanne Posel

An unprecedented 200 plus American service men and women (including family members of soldiers killed in Iraq) filed a lawsuit in Brooklyn, in a federal court, citing that banks financed more than 50 attacks on Americans stationed or working in Iraq during the war.

The banks named in the suit are:

  • HSBC
  • Barclays
  • Standard Chartered
  • Royal Bank of Scotland (RBS)
  • Credit Suisse
  • Bank Saderat Iran, UK-based subsidiary of Iranian bank

The lawsuit states that these banks transferred “billions of dollars on behalf of Iran; even after sanctions were placed on the country because of their suspected financing of terrorist organizations.

Court papers filed reveal: “The defendants provided Iran with the means by which it could transfer more than $150 million to the I.R.G.C.-Q.F., Hezbollah and Special Groups, which were actively engaged in planning and perpetrating the murder and maiming of hundreds of Americans in Iraq.”

In fact, the lawsuit explains how the banks cited just happened “to do business with Iranian financial institutions that have separately financed Hezbollah, the Shiite militant group and political party suspected of aiding attacks in Iraq, as well as Iran’s Islamic Revolutionary Guard Corps-Qods Force and other instruments of Iranian state-sponsored terrorism.”

This litigation focuses on how the banks “finance illegal activity” and played a role in handling “tainted transactions” by using the Anti-Terrorism Act (ATA) to show the bank’s hand in providing “material support” to terrorists.

Gary Osen, one attorney for the plaintiffs, pointed out: “Does it matter whether a particular bank was the physical conduit of the transfers to the terror apparatus, or is it enough that they were in a conspiracy which made that possible, and that they were, as a legal matter, deliberately indifferent to that result?”

In order to move money, according to the lawsuit, banks “ conspired with Iranian banks to mask wire transactions in order to evade US sanctions.”

It is estimated that at least $100 million was funneled to terrorist groups operating in Iraq under the control of Iran:

  • a Shi’ite militia in Iraq
  • Kataib Hezbollah
  • Quds Force, the overseas arm of Iran’s Islamic Revolutionary Guard Corps

This lawsuit alleges that these banks “indirectly facilitated the attacks by entering into agreements with Iranian banks to mask US dollar wire transactions sent through the United States.”

Osen said: “Each defendant understood that their conduct was part of a larger scheme engineered by Iran.”

HSBC has a history of financing terrorist clients from countries such as Mexico, Iran, Saudi Arabia and Syria.”

Back in 2012, in Mexico, HSBC allowed massive amounts of monies to be funneled to drug cartels while simultaneously servicing clients in Saudi Arabian and Bangladesh banks to finance many terrorist groups such as al-Qaeda.

At the time, it was revealed that “HSBC officials working closely with Saudi Arabian banks linked to terrorist organizations.”

In a news article about the lawsuit: “… the four-count criminal information filed in the court charged HSBC with failure to maintain an effective anti-money laundering program, to conduct due diligence on its foreign correspondent affiliates and for violating sanctions and the Trading With the Enemy Act.”

It is clear that “if [the banks] do business with terrorists, [they] can be held liable.”

 

Source.

Virginia Files Billion-Dollar Suit Against Banksters

• Virginia files lawsuit against plutocrats who conned state with toxic mortgages.

By Ronald L. Ray —

True to its state motto — “Sic semper tyrannis,” or “Thus always to tyrants” — the Commonwealth of Virginia has brought a$1.15 billion civil fraud lawsuit against a “banker’s dozen” of the largest international investment houses. Attorney General Mark R. Herring announced the case in mid-September, which was filed in Richmond Circuit Court. In a prepared statement, the Office of the Attorney General (OAG) alleged that the big banks deliberately misrepresented the quality of residential mortgage-backed securities (RMBS), a form of financial derivative, sold to the Virginia Retirement System (VRS), beginning in 2004.

Prior to 2010, “Virginia was forced to sell the vast majority of these toxic securities built on junk mortgages and lost $383 million.” The attorney general now seeks to obtain the maximum penalty allowed by law, in order to redress the harm done to Virginia taxpayers. The OAG expects that the money recovered will go to repay the taxpayers and VRS for their losses.

In a virtual “who’s who” of plutocratic pirates, 13 mega-banks have been accused of violating the commonwealth’s 2002 Fraud Against Taxpayers Act, which permits treble damages for losses, plus additional penalties.

According to the Richmond Times-Dispatch, however, two JPMorgan Chase subsidiaries, JPMorgan Securities LLC and WAMU Capital Corporation (formerly Washington Mutual), were dropped subsequently, when the OAG learned that Herring’s predecessor, Kenneth T. Cuccinelli II, had previously reached a secret settlement with the two firms for $3 million. Depending on circumstances, however, they could be sued in the future.

The remaining “banker’s dozen” are subsidiaries of the world’s biggest institutional usurers: Barclays, Citigroup, Countrywide, Credit Suisse, Deutsche Bank, Goldman Sachs, RBS, HSBC, Morgan Stanley, UBS and Merrill Lynch.

In brief, Virginia alleges that 220 securities it purchased were offered as being rated AAA or similarly, with 0% delinquency. This factor is important to institutional investors like Virginia because ofthe need for a stable and secure return. However, 75% of the mortgages eventually defaulted. The RMBSs were backed by 785,000 mortgages, of which 40% were “fraudulently misrepresented.” The OAG stated that the banks “knew, or shouldhave known,” that claims in their prospectuses and sales presentations were false.

The fraudulent practices were discovered by Integra REC, LLC, “using extremely sophisticated proprietary methods” to match RMBSs with the respective individual mortgages, said the OAG.

The first of three main accusations is that the banks misrepresented the loan-to-value ratio (an indication of likely default). On average, only 23.4% of loans were represented as being for more than 80% of property value, when it was really 54%. Fifteen percent were “underwater.” Further, rates of owner occupancy were overstated significantly, and second mortgage numbers were severely understated. Both of these latter factors also contribute to delinquency rates.

Herring stated: “Every Virginian was harmed by the financial crisis. Homes were lost, retirement accounts were devastated, small businesses saw their credit dry up almost overnight. . . . I will notallow Virginians to be left holding the bag for the reckless, fraudulent business practices of a few big banks who thought they were above the law. These banks lied to Virginia, and taxpayers and [nearly 600,000] state employees lost hundreds of millions dollars as a result.”

As a measure of Herring’s confidence and resolve, the Commonwealth of Virginia has demanded a jury trial. It is to be hoped that true justice will be served, and that there will be no further secret settlements that allow the plunderous plutocrats to return to usury as usual.

Despite a nearly endless stream of revelations of the moneylenders’ wrongdoing—now including collusion by the Federal Reserve—at least one apologist for the weasels of Wall Street, Matthew E. Fishbein, suggests in the New York Law Journal that the banksters and other corporate criminals are the victims, forced by evil government lawyers to admit to things they believe they did not do. He goes so far as to call cases similar to the Virginia lawsuit “marginal,” because they involve only a few hundred million dollars.

But the truth is that the international bankers are usurious pirates, bent on sucking every cent out of the nearly empty pockets of widows and orphans. They have created a corporate culture ofcorruption, which is destroying nearly every economy on the face of the planet. It is time to end the financial pharaohs’ stranglehold on the common man by ending usury and putting every single one of these predatory banks out of business.


Ronald L. Ray is a freelance author and an assistant editor ofTHE BARNES REVIEW. He is a descendant of several patriots of the American War for Independence.

Source.

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

 

Furious Backlash Forces HSBC To Scrap Large Cash Withdrawal Limit

photo courtesy Max Keiser

You have probably heard about HSBC’s latest initiative to stop the bleeding as record numbers of clients began withdrawing money from many banks. It appears the People’s ire was sufficient to reverse their decision. Way to go, People!  ~ BP

Reblogged from American Kabuki

Following the quiet update that HSBC had decided to withhold large cash withdrawals from some if its clients – demanding to know the purpose of the withdrawal before handing over the customers’ money – it appears the anger among the over 60 thousand readers who found out about HSBC’s implied capital shortfall just on this website, has forced HSBC’s hands.

The bank issued a statement (below) this morning defending their actions – it’s for your own good – but rescinding the decision – “following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals.” After all the last thing the bank, which over the past few years has been implicated in aiding an abetting terrorists and laundering pretty much anything, wants is an implied capital shortfall to become an all too explicit one.

Rothschild Too Big to Jail? Russia, Egypt, Iceland, Iran, China, & Hungary Say No!

Thanks to The People’s Trust.

COBRA says the Rothschilds are hoping we’ll forget about them if they don’t make any noise. Ha! Not on your life. They must be delusional.  ~ BP

http://rasica.files.wordpress.com/2013/03/url-1.jpeg

The Shooting Of A Rothschild Czar By Vice President Aaron Burr. First Traitor Of The United States Is The Piece Of Shit Alexander Hamilton.

The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever.

Yes, they issued a fine – $1.9 billion, or about five weeks’ [worth of HSBC] profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.

President Andrew Jackson Shut Down Hamilton/Rothschild Collectivism Bilking Banks.

President Andrew Jackson Shut Down Hamilton/Rothschild Collectivism Bilk Banks.

People may have outrage fatigue about Wall Street and more stories about billionaire greedheads getting away with more stealing often cease to amaze. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway.

For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico’s Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that “they make the guys on Wall Street look good.”

Read the rest of this article…

HSBC Whistleblower Speaks, Uncovered Terrorist Financing

The truth will out!