Funding terrorist and laundering money as the world stands by and does nothing

H/t reader squodgy:

“The extent of the hypocrisy and total dismissal of wealth distribution for the masses is cringeworthy.
If we hadn’t concluded banks and bankers are nothing more than criminals in pinstripes, we have no excuse now.”


cash

Funding terrorist and laundering money as the world stands by and does nothing:

You cannot fund terrorists without cash

The IMF released back in June 2016 a document discussing the global scourge known as drug money laundering and the financing of terrorist organizations. We have discussed both of these situations and as one might suspect they are tied at the hip and the same banking cabal has been “fined” in a court of law for both of these offenses. If the IMF, the UN or any government around the world gave two cents about either of these operations ending there would be people either in prison or in front of a firing squad for treason.

The soft sell the IMF is peddling is classic propaganda and misdirection.

Read moreFunding terrorist and laundering money as the world stands by and does nothing

Money Creation – “So Simple The Mind Is Repelled” (Video)

Money Creation – “So Simple The Mind Is Repelled” (ZeroHedge, Aug, 3, 2014):

As John Kenneth Galbraith famously stated, “The process by which money is created is so simple the mind is repelled.” As Peak Prosperity’s Chris Martenson explains (as part of his excellent Crash Course), essentially, money is lent into existence though fractional reserve banking. The dollars you deposit at the bank? They turn into nearly 10x that amount as your bank subsequently makes loans using that money as collateral. As simple as the process is, nearly every American remains ignorant of it and its massive implications. At the heart of the matter is this: our money supply and its related debt obligations MUST continue expanding (thereby devaluing the purchasing power of each dollar ad infinitum) — forever — or the entire system collapses upon itself. Prepare to be repelled…

For those who simply don’t want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling to PeakProsperity.com. The entire full new series, all 27 chapters of it, is available — now– to our enrolled users.

Read moreMoney Creation – “So Simple The Mind Is Repelled” (Video)

Report: Vatican Bank Facilitated Money Laundering

Vatican Bank facilitated money laundering, report says (PressTV, July 8, 2013):

Italian investigators have said the Vatican Bank operated in a way that facilitated money laundering, according to a leaked inquiry.

The disclosed report followed a three-year inquiry into the bank, officially known as the Institute for the Works of Religion (IOR), and was recently quoted by two Italian newspapers, Corriere della Sera and La Repubblica.

According to the report, IOR did not carry out enough checks on its clients and the bank allowed account holders to transfer large sums on behalf of others.

“There is a high risk that the way the IOR operates, without specifying its real clients, can be used as a screen to hide illegal operations,” the report read.

Read moreReport: Vatican Bank Facilitated Money Laundering

Will It Be Inflation Or Deflation? The Answer May Surprise You

Will It Be Inflation Or Deflation? The Answer May Surprise You (Economic Collapse, May 22, 2013):

Is the coming financial collapse going to be inflationary or deflationary?  Are we headed for rampant inflation or crippling deflation?  This is a subject that is hotly debated by economists all over the country.  Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation.  Others point to all of the deflationary factors in our economy and argue that we will experience tremendous deflation when the bubble economy that we are currently living in bursts.  So what is the truth?  Well, for the reasons listed below, I believe that we will see both.  The next major financial panic will cause a substantial deflationary wave first, and after that we will see unprecedented inflation as the central bankers and our politicians respond to the financial crisis.  This will happen so quickly that many will get “financial whiplash” as they try to figure out what to do with their money.  We are moving toward a time of extreme financial instability, and different strategies will be called for at different times.So why will we see deflation first?  The following are some of the major deflationary forces that are affecting our economy right now…

Read moreWill It Be Inflation Or Deflation? The Answer May Surprise You

Keiser Report: Monkeys & Cocaine: HSBC Money Laundering Case – Too Big To Jail (Video)

Excerpt:

Full ‘Keiser Report’: (Must-see!)

Added: 13.12.2012

Description:

In this episode, Max Keiser and Stacy Herbert look at HSBC being fined rather than criminally charged in order to avoid destabilizing the system, while JP Morgan and others are being sued for about a trillion in bad mortgages investors were duped into buying. They also look at “1001” under which bankers who lied to the federal housing authorities could be criminally tried for lying to a federal official. In the second half, Max Keiser talks to Kyra Maya Phillips of MisfitEconomy.com about democracy aboard pirate ships of the 18th century on which No Plunder, No Pay was the name of the game and innovation happened on the fringe. Max proposes banksters walk the plank in a specially built platform in Trafalgar Square.

HSBC: The Drug World’s Local Bank

HSBC: The drug world’s local bank (Independent, Dec 11, 2012):

HSBC prides itself on being the “world’s local bank”. Yet it could have done without the kind of international exposure that upset United States senators this summer and the one that today resulted in it paying $1.9bn (£1.2bn) to settle a money-laundering probe.

As the senators tell it, and as the prosecutors allege, HSBC was used by a diverse customer base including Mexican drug gangs looking to funnel cash into the US and Iranians seeking to skirt US sanctions.

Yesterday, the Manhattan district attorney’s office said that, starting in the early 1990s, the bank had “moved hundreds of millions of dollars through the US financial system on behalf of Iranian, Burmese, Sudanese, Libyan and other clients”. In the process, it had flouted US sanctions by “concealing the illegal nature of these transactions and deceiving US banks into processing illegal wire payments”.

Read moreHSBC: The Drug World’s Local Bank

HSBC Said to Near $1.9 Billion Settlement Over Money Laundering

HSBC Said to Near $1.9 Billion Settlement Over Money Laundering (New York Times, Dec 10, 2012):

Federal and state authorities plan to announce a record $1.9 billion settlement with HSBC on Tuesday, a major victory in the government’s broad crackdown on money laundering at banks.

The settlement with HSBC stems from accusations that the British banking giant transferred billions of dollars on behalf of sanctioned nations like Iran and enabled Mexican drug cartels to launder money through the American financial system, according to officials briefed on the matter. The deal, which will force the bank to forfeit more than $1.2 billion in ill-gotten gains and pay additional penalties, is the largest to emerge from an investigation that has spanned several years and involved multiple government agencies.

Read moreHSBC Said to Near $1.9 Billion Settlement Over Money Laundering

Inflationary Deflation: Creating A New Bubble In Money

Inflationary Deflation: Creating A New Bubble In Money (ZeroHedge, Dec 10, 2012):

Excessive monetary stimulus and low interest rates create financial bubbles.Seymour Pierce’s Thunder Road report notes that:

Central banks are creating the ultimate bubble in money itself, as they fight the downward leg in this Long Wave cycle. This is the biggest debt bubble in history. Each time deflationary forces re-assert themselves, offsetting inflationary forces (monetary stimulus in some form) have to be correspondingly more aggressive to keep systemic failure at bay. The avoidance of a typical deflationary resolution of this Long Wave is incubating a coming wave of inflation. This will not be the conventional “demand pull” inflation understood by most economists. The end game is an inflationary/currency crisis, dislocation across credit and derivative markets, and the transition to a new monetary system , with a new reserve currency replacing the dollar. This makes gold and silver the “go-to” assets for capital preservation.

Strategically, we are far more bullish on equities versus bonds. Tactically, equities face a volatile period – buffeted by alternating cycles of deflationary and re-flationary forces until they overcome bonds as the inflationary endgame unfolds. In that scenario, equity investments should (over time) be aligned with the growing share of real disposable income directed towards essential expenditures, including energy, food/agriculture, personal & household care, mobile telephony and defense (for governments).

The “Inflationary Deflation” paradox refers to the rise in price of almost everything in conventional money and simultaneous fall in terms of gold.

Full report below…

Thunder Road – December

HSBC Fears U.S. Money Laundering Fines To Top $1.5 BILLION

HSBC fears U.S. money laundering fines to top $1.5 billion (Reuters, Nov 5, 2012):

A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe’s biggest bank said on Monday.

HSBC said the U.S. investigation had damaged the bank’s reputation and forced it to set aside a further $800 million to cover a potential fine for breaches in anti-money laundering controls in Mexico, adding to $700 million put aside in July.

“It could be significantly higher,” Chief Executive Stuart Gulliver told reporters on a conference call, saying the latest provision was based on discussions with the various U.S. authorities involved in the probe.

Read moreHSBC Fears U.S. Money Laundering Fines To Top $1.5 BILLION

Large Cash Transactions Banned In Mexico (Forbes)


$207 million from largest cash seizure in Mexico. (Photo credit: Wikipedia)

Large Cash Transactions Banned In Mexico (Forbes, Oct 17, 2012):

Outgoing Mexican President Felipe Calderon has signed into law a ban on large cash transactions. The ban will take effect in about 90 days and it is part of a broader effort to control monetary flows within the country.

Under the law, a Specialized Unit in Financial Analysis operating within the Attorney General’s Office will be created to investigate financial operations “that are related to resources of unknown origin.”

For real estate transactions, cash payments of more than a half million pesos ($38,750) will be forbidden and, for automobiles or items like jewelry, art, and lottery tickets, cash payments of more than 200,000 pesos ($15,500) will be forbidden. The law carries a minimum penalty of five years in prison.

In 2010, Mexico instituted strict limits on foreign exchange cash transactions to $1,500 per person per month, which caused several cash dollar exchanges to withdraw from the business and had the effect of penalizing tourists.

Read moreLarge Cash Transactions Banned In Mexico (Forbes)

U.S. Lawmakers Suspect Money Laundering Issues At Wal-Mart’s Mexico Affiliate

Lawmakers suspect money laundering issues at Wal-Mart (Reuters, Aug 14, 2012):

WASHINGTON (Reuters) – Two U.S. House Democrats investigating bribery allegations in Wal-Mart’s Mexico affiliate said on Tuesday they have obtained new internal records that may point to evidence of tax evasion and money laundering.

Reps. Elijah Cummings and Henry Waxman, who are the ranking members, respectively, of the House Oversight and House Energy committees, disclosed the latest details of their probe in an August 14 letter to the company.

“We have obtained internal company documents, including internal audit reports, from other sources suggesting that Wal-Mart may have had compliance issues relating not only to bribery, but also to ‘questionable financial behavior’ including tax evasion and money laundering in Mexico,” the lawmakers wrote in their letter to Wal-Mart Chief Executive Michael Duke.

A company spokesman had no immediate comment.

Read moreU.S. Lawmakers Suspect Money Laundering Issues At Wal-Mart’s Mexico Affiliate

Spanish Government Bans Cash Transactions Over 2,500 Euros!

Spain Bans Cash Transactions Over 2,500 Euros (Alexander Higgins, April 16, 2012)

Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders.

The motivations behind the push for digital currencies is exposed as Spain heads down the road of the Greeks in combating their sovereign debt crisis.

As the government scrambles for every tax dollar it can get its hands on, even though they already gave every Spaniard $23,000 Euros in debt last year alone (approximately $32,500), they are now banning all large cash business transactions.

Why? So they can track the transactions and make sure that people and business are paying taxes. Being able to track the transactions is also aimed to combat the growing black market in Spain.

Via Libre Mercado: (translated by Google)

The Government banned cash payments in excess of 2,500 euros

Those who violate the ban will face fines of 25% of the payment made in cash.

Read moreSpanish Government Bans Cash Transactions Over 2,500 Euros!

Money As Debt (Video)

Money As Debt (ZeroHedge, April 20, 2012):

On a day when Lagarde happily trots out statement after statement that the IMF has another bucketful of promises to solve the world’s excess debt problems with its own debtors providing more of the wealth-creating debt in ever-increasing circles of ridiculous indebtedness, we may have found the perfect antidote. Perhaps, given the weakness in European sovereign markets this week, bond market investors have already watched the following presentation. Explaining in simple terms and for the broadest audience Paul Grignon’s ‘Money As Debt’ explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever-growing debt – and how we might evolve it into a new era. Get your popcorn ready.

Where does Money Come From?

By Paul Grignon, the creator of “Money as Debt”, the animated cartoon seen online by millions worldwide and available on DVD from moneyasdebt.net. This is a condensation of an article that may be downloaded from http://paulgrignon.netfirms.com/MoneyasDebt/Money_or_Credit.pdf

The simple answer to the title question is DEBT. Whether paper cash or numbers on a computer screen, all money (except coins) is “evidence of debt”.

What is “cash” and where does it come from? Cash can be the familiar paper stuff, or it can be credit at the national central bank which banks use to settle accounts between banks. “Credit cash” at the central bank is always convertible to “paper cash” upon demand.

So, where does cash come from? Is it just printed by the government as we are shown on TV?

NO. Cash is created out of thin air by the central bank of the country (which is often privately owned). The central bank can just have it printed for the cost of printing, by the government or privately. The central bank then uses this cash it creates out of thin air to buy interest-bearing public debt in the form of government bonds.

Government debt is perpetual and thus interest paid on it is perpetual. Therefore a good definition of cash might be: evidence of public debt on which taxpayers will be paying interest forever.

So what is credit? Everything else that isn’t cash.

Read moreMoney As Debt (Video)

Colombia: 8 Former Israeli Military Men Arrested For Drug Trafficking, Money Laundering And Sexually Exploiting Teenage Girls

Colombia: 8 Israelis suspected of drug trafficking (YNet News):

Local media reports claim Israeli ‘former military men’ also suspected of money laundering, exploitation of minors. Suspects deny allegations: ‘We’re legit businessmen’

Eight Israelis were arrested in Colombia on suspicion of drug trafficking, money laundering and exploitation of minors, the country’s chief prosecutor told local media outlets on Tuesday.

The suspects, who were described in the reports as “former military men,” reside in the city of Taganga. According to one of the reports, they are suspected of sexually exploiting teenage girls.

Read moreColombia: 8 Former Israeli Military Men Arrested For Drug Trafficking, Money Laundering And Sexually Exploiting Teenage Girls

Bitcoin, The City Traders’ Anarchic New Toy (Reuters)

Bitcoin, the City traders’ anarchic new toy (Reuters, April 2, 2012):

Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Unlike conventional fiat money and other digital currencies, Bitcoin runs through a peer-to-peer network, independent of central control. Bitcoins are currently worth $4.88 (3.05 pounds) each on online currency exchanges, where they can be bought and sold for about 15 world currencies.

Users – an odd assortment of uber-geeks, anarchists, libertarians, scammers and forex traders – sent about $4.3 million worth to each other in the last 24 hours.

Banking and payment expert Simon Lelieveldt believes they are living on borrowed time.

Read moreBitcoin, The City Traders’ Anarchic New Toy (Reuters)

Thrive (Documentary – Full Length)

For your information.

The elitists vs. the people.



YouTube Added: 13.11.2011

For more information: Thrive

Permaculture Is Real, But Sepp Holzer Is A Fraud, Who Is Only In For The Money

As much as I loved the idea that ‘originals’ like Sepp Holzer exist, which is why I have posted these videos …

Sepp Holzer on Permaculture: Farming with Terraces and Raised Beds

Sepp Holzer: Permaculture – Farming With Nature

… I have to tell you about the following book.

Sepp Holzer fans would be very good advised to study this carefully documented book.

And this book is not just about one personal dispute or vendetta of Gertrud Barrada with Sepp Holzer.

If you haven’t read it you would probably not believe it.

On the other hand if you have read it then Sepp Holzer must be a documented  dabbler, a liar, a criminal (also against nature), a thief, a destroyer and a fraud, who is only in for the money.

The problem is that the book is in German.



@ Amazon.de:

– ???Bittere Ernte: Mut zur Wahrheit – Eine Frau packt aus

@ Amzon.com there are only expensive used books available:

? ???Bittere Ernte: Mut zur Wahrheit – Eine Frau packt aus

 

National Australia Bank Glitch: Millions Lose Access To Their Money


ONE of Australia’s biggest banks is scrambling to process payments to millions of customers, who potentially face days of uncertainty about when they will be able to access their money.

A corrupted file in the National Australia Bank’s computers on Wednesday jammed its payment system, hitting customers from a range of banks who rely on the NAB to process payments.

The bank, which last night was considering opening extra branches during the weekend, could not say when the problem would be fixed. It had hoped to resolve the problem on Thursday.

The Herald has been inundated by anxious NAB customers, some of whom had checked online to find their past month’s transactions rubbed out and their accounts credited with nothing.

Property deals were being put on hold, car sales suspended, wages not transferred, and direct debit payments for mortgages and bills stopped.

Read moreNational Australia Bank Glitch: Millions Lose Access To Their Money

WHAT A GOVERNMENT CAN DO WITH ITS OWN BANK!

THE REMARKABLE MODEL OF THE COMMONWEALTH BANK OF AUSTRALIA

federal-reserve
The US Federal Reserve is as federal as Federal Express and there are no reserves.
The Federal Reserve has been founded in secret and is privately owned by elite criminals.

Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making a state-owned Bank of Michigan a real possibility. Bernero is one of at least a dozen candidates promoting that solution to the states’ economic woes. It is an innovative idea, with little precedent in the United States. North Dakota, currently the only state owning its own bank, also happens to be the only state sporting a budget surplus, and it has the lowest unemployment rate in the country; but skeptics can write these achievements off to coincidence. More data is needed, and fortunately other precedents are available from other countries.

One of the most dramatic is the Commonwealth Bank of Australia, which operated successfully as a government-owned bank for most of the 20th century, until it was privatized in the 1990s. The Commonwealth Bank’s creative founders demonstrated that a government-backed bank can make loans without capital. Denison Miller, the Bank’s first Governor, was fond of saying that the Bank did not need capital because “it is backed by the entire wealth and credit of the whole of Australia.”

The Commonwealth Bank’s accomplishments were particularly remarkable considering that for its first eight years, from 1912 to 1920, it did not have the power to issue the national currency –unlike the U.S. Federal Reserve, which acquired that power in 1913. The Commonwealth Bank was thus in the same position as a state of the United States or a member country of the European Union (think Greece), which also lack the power to issue their own currencies. Operating without that power and without startup capital, the Commonwealth Bank funded both massive infrastructure projects and the country’s participation in World War I. According to David Kidd, writing in a 2001 article titled “How Money Is Created in Australia”:

“Australia’s own government-established Commonwealth Bank achieved some impressive successes while it was ‘the peoples’ bank’, before being crippled by later government decisions and eventually sold. At a time when private banks were demanding 6% interest for loans, the Commonwealth Bank financed Australia’s first world war effort from 1914 to 1919 with a loan of $700,000,000 at an interest rate of a fraction of 1%, thus saving Australians some $12 million in bank charges. In 1916 it made funds available in London to purchase 15 cargo steamers to support Australia’s growing export trade. Until 1924 the benefits conferred upon the people of Australia by their Bank flowed steadily on. It financed jam and fruit pools to the extent of $3 million, it found $8 million for Australian homes, while to local government bodies, for construction of roads, tramways, harbours, gasworks, electric power plants, etc., it lent $18.72 million. It paid $6.194 million to the Commonwealth Government between December, 1920 and June, 1923 – the profits of its Note Issue Department – while by 1924 it had made on its other business a profit of $9 million, available for redemption of debt. The bank’s independently-minded Governor, Sir Denison Miller, used the bank’s credit power after the First World War to save Australians from the depression conditions being imposed in other countries. . . . By 1931 amalgamations with other banks made the Commonwealth Bank the largest savings institution in Australia, capturing 60% of the nation’s savings.”

Harnessing the Secret Power of Banking for the Public Good

The Commonwealth Bank was able to achieve so much with so little because its first Governor, Denison Miller, and its first and most ardent proponent, King O’Malley, had both been bankers themselves and knew the secret of banking: that banks create the “money” they lend simply by writing accounting entries into the deposit accounts of borrowers.

This banking secret was confirmed by a number of early banking insiders. In a 1998 paper titled “Manufacturing Money,” Australian economist Mike Mansfield quoted the Rt. Hon. Reginald McKenna, former Chancellor of the Exchequer, who told shareholders of the Midland Bank on January 25, 1924, “I am afraid the ordinary citizen will not like to be told that the banks can, and do, create and destroy money. The amount of money in existence varies only with the action of the banks in increasing or decreasing deposits and bank purchases. We know how this is effected. Every loan, overdraft or bank purchase creates a deposit, and every repayment of a loan, overdraft or bank sale destroys a deposit.”

Read moreWHAT A GOVERNMENT CAN DO WITH ITS OWN BANK!