I have often written on the cynical methods of Rothschild´s Wall Street puppets , how i.a. Goldman Sachs´ food price manipulations made foods unaffordable for the poorest – and how JP Morgan started the subprime mortgage crisis that still haunts the world.
Left: CEO Jamie Dimon, JP Morgan
right: CEO Lloyd Blankfein, Goldman Sachs. The forefinger on the lips means “Shut up, slaves”
in Illuminati- Freemasonry.
In Nov. 2013, JP Morgan made a very cheap agreement with US government to pay it 13 bn. dollars in damages for having caused the subprime mortgage fraud crisis which is still haunting the world had has cost millions and millions of people their jobs and homes, while bringing JP Morgan astronomical sums – also as taxpayer bail-outs.Under the agreement, J.P. Morgan acknowledged to have deceived the public to a large extent, as the New York Attorney General said. No manager is held accountable for the (illegal) manipulations. It does not count as a punishment but as a deal with investigator. U.S. taxpayers will pay half the sum, because the payment of the tax is deductible. The payment goes to the U.S. Treasury.
A former CEO of Goldman Sachs wrote in The New York Times that officials among themselves were mocking their clients, asking each other how much they had ripped off from their clients today.
To this come Rothschild´s automated tubes into everybody´s pockets by means of his central banks, and here and here and here – a cause for war against the few without such banks (rascal states). These banks print money out of thin air, lend it to governments against interest. The debts of the countries have grown so high, that not even income taxes suffice to pay the interest.This means increasing Bankster dependency on the policies of the governments – who should simply print their own money instead. When Abraham Lincoln (greenback) and JF Kennedy tried (excutive order 11110) they were shot.
Here is a long catalogue of the fraud by means of which these masters and their master drive us into poverty and slavery
The following is From Washington´s Blog 6 Jan. 2014: “JP Morgan Pays $2 billion to avoid investigation and prosecution in its participation in (Jewish Bernard) Madoff´s Ponzi Scheme”.
Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes.
While this (2 bn dollars) may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan.
It’s not just the Madoff scheme.
Here are just some of the recent improprieties by big banks:
* Laundering money for terrorists (the HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still laundering money, saying: “The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.” He also said: “It is disgusting that our banks are STILL financing terror on 9/11 2013“. And see this)
* Handling money for rogue military operations
* Laundering money for drug cartels. See this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis). A whistleblower said: “America is losing the drug war because our banks are [still] financing the cartels“, and “Banks financing drug cartels … affects every single American“. And see this.)
* Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here
* Manipulating aluminum and copper prices
* Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)
* Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
* Cheating homeowners by gaming laws meant to protect people from unfair foreclosure
* Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
* Manipulating the hundred trillion dollar derivatives market
* Engaging in insider trading of the most important financial information
* Manipulating corporate bonds through derivatives schemes
Through their US Treasurer, Hank Paulson, Former Goldman Sachs CEO still under Goldman Sachs´command, they secured big bank bail-out legislation by means of threatening Congress with even murder and court martial and stock market collapse, should it vote against (video). It had all been agreed upon at a secret meeting in Moscow between the Wall Street banksters and Hank Paulson.
* Charging veterans unlawful mortgage fees
* Helping the richest to illegally hide assets
The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.
Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud . See this, this and this. The failure to go after Wall Street executives for criminal fraud is the core cause of our sick economy. (Emphasis added)
And experts say that all of the government’s excuses for failure to prosecute the individuals at the big Wall Street banks who committed fraud are totally bogus.
The big picture is simple:
- The big banks manipulate every market they touch
- Too much interconnectedness leads to financial instability
- The government has given the banks huge subsidies … which they are using for speculation and other things which don’t help the economy. In other words, propping up the big banks by throwing money at them doesn’t help the economy
- Top economists, financial experts and bankers say that the big banks are too large … and their very size is threatening the economy. They say we need to break up the big banks to stabilize the economy
- The big banks own the D.C. politicians … so Congress and the White House won’t do anything unless the people force change
F. William Engdahl wrote in Veterans Today 7 Jan. 2014: The Clinton Presidency from 1992-2000 marked an era of financial deregulation unprecedented since the 1930’s. Big banks were set free from virtually all restraints and became “Too Big to Fail” as a result. Wall Street Gods of Money knew they could literally “get away with murder” after their follies in the 1997-98 Asia financial crisis, the 1998 Russian sovereign debt default and the subsequent bank bailouts by the IMF and various governments.
When Federal Reserve chairman Alan Greenspan made it clear to Wall Street in 2002 after the collapse of the dot.com stock bubble that the Fed would provide bank liquidity in unprecedented volumes and would encourage what Greenspan termed a “revolution in finance,” the Big Wall Street banks responded like piranha devouring a bleeding body.
Since the US sub-prime real estate crisis emerged in 2007, US Federal debt has increased by US$ 7.2 Trillion or almost 80% in just five years. Since Bush’s New World Order speech and the end of the Cold War US federal debt has risen by an incredible US$ 13 trillions to an alarming Third World debt-to-GDP level of 104% today. Government debt is growing at a rate of well over $1 trillion annually. As debt burdens force Washington to cut its budget, the footprint of Washington in global politics is also dramatically lessening.