From Infowars.
When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft. The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks. In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.
Read more...
Showing posts with label banksters. Show all posts
Showing posts with label banksters. Show all posts
Friday, August 24, 2012
Tuesday, August 21, 2012
Fed Court Rules Banksters Can Steal Pensions
From Infowars.
Kurt Nimmo
Infowars.com
August 21, 2012
In a court case glossed over by the corporate media earlier this month, the U.S. Court of Appeals, Seventh Circuit has ruled that individual segregated bank accounts may be turned into the property of a third-party under circumstances of duress.
“In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy"....
Read more...
Kurt Nimmo
Infowars.com
August 21, 2012
In a court case glossed over by the corporate media earlier this month, the U.S. Court of Appeals, Seventh Circuit has ruled that individual segregated bank accounts may be turned into the property of a third-party under circumstances of duress.
“In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy"....
Read more...
Thursday, July 19, 2012
Big Banks Funded the Nazis and Launched a Coup Against the President of the United States
From Washington's Blog
The relationship between Chase and the Nazis apparently was so cozy that Carlos Niedermann, the Chase branch chief in Paris, wrote his supervisor in Manhattan that the bank enjoyed “very special esteem” with top German officials and “a rapid expansion of deposits,” according to Newsweek.
Niedermann’s letter was written in May 1942 five months after the Japanese bombed Pearl Harbor and the U.S. also went to war with Germany....
According to the BBC and other sources, Prescott Bush, JP Morgan and other leading financiers also funded a coup against President Franklin Roosevelt in an attempt – basically – to implement fascism in the U.S...
Monday, January 9, 2012
What Chase & Goldman Sachs did to Greece
An alternative explanation for europe's fiscal problems different then the commonly heard ' the greeks are lazy and they retire too early'...
From America Blog.
In other words, banks like Chase and Goldman knowingly larded up the nation of Greece with a crippling future debt burden, then turned around and helped the world bet against Greek debt. ... [D]oes a human being do that deal?
Operations like the Greek swap/short index maneuver were easy money for banks like Goldman and Chase – hell, it’s a no-lose play, like cutting a car’s brake lines and then betting on the driver to crash – but they helped create the monstrous European debt problem that this very minute is threatening to send the entire world economy into collapse, which would result in who knows what horrors.
The world of propaganda news — the world of "what everyone knows" (the propagandist's best friend) — won't change because you now know what the bankers did to Greece.
Yes, the government was eagerly corrupted. But an addict needs a seducer, a leech, an enabler, someone to bleed his wallet in trade for his supply. That leech, that predator, is the international branch of the U.S. banking system.
It's the leech that caused the crisis in Greece; and the leech that marketed the evils of one bad addict as the reason the entire continent needs to go on food stamps for a generation or so.
Sweet deal, being a banker. Sort of a racket, wouldn't you say? On some planet, they call it organized crime. On others they call it a public-private partnership.
Either way it's looting.
Read more...
From America Blog.
In other words, banks like Chase and Goldman knowingly larded up the nation of Greece with a crippling future debt burden, then turned around and helped the world bet against Greek debt. ... [D]oes a human being do that deal?
Operations like the Greek swap/short index maneuver were easy money for banks like Goldman and Chase – hell, it’s a no-lose play, like cutting a car’s brake lines and then betting on the driver to crash – but they helped create the monstrous European debt problem that this very minute is threatening to send the entire world economy into collapse, which would result in who knows what horrors.
The world of propaganda news — the world of "what everyone knows" (the propagandist's best friend) — won't change because you now know what the bankers did to Greece.
Yes, the government was eagerly corrupted. But an addict needs a seducer, a leech, an enabler, someone to bleed his wallet in trade for his supply. That leech, that predator, is the international branch of the U.S. banking system.
It's the leech that caused the crisis in Greece; and the leech that marketed the evils of one bad addict as the reason the entire continent needs to go on food stamps for a generation or so.
Sweet deal, being a banker. Sort of a racket, wouldn't you say? On some planet, they call it organized crime. On others they call it a public-private partnership.
Either way it's looting.
Read more...
Tuesday, December 6, 2011
COMFORTABLY NUMB
From The Burning Platform.
As I observe the zombie like reactions of Americans to our catastrophic economic highway to collapse, the continued plundering and pillaging of the national treasury by criminal Wall Street bankers, non-enforcement of existing laws against those who committed the largest crime in history, and reaction to young people across the country getting beaten, bludgeoned, shot with tear gas and pepper sprayed by police, I can’t help but wonder whether there is anyone home. Why are most Americans so passively accepting of these calamitous conditions? How did we become so comfortably numb? I’ve concluded Americans have chosen willful ignorance over thoughtful critical thinking due to their own intellectual laziness and overpowering mind manipulation by the elite through their propaganda emitting media machines. Some people are awaking from their trance, but the vast majority is still slumbering or fuming at erroneous perpetrators.
Both the Tea Party movement and the Occupy Wall Street movement are a reflection of the mood change in the country, which is a result of government overreach, political corruption, dysfunctional economic policies, and a financial system designed to enrich the few while defrauding the many. The common theme is anger, frustration and disillusionment with a system so badly broken it appears unfixable through the existing supposedly democratic methods. The system has been captured by an oligarchy of moneyed interests from the financial industry, mega-corporations, and military industrial complex, protected by their captured puppets in Washington DC and sustained by the propaganda peddling corporate media. The differences in political parties are meaningless as they each advocate big government solutions to all social, economic, foreign relations, and monetary issues...
Read more...
As I observe the zombie like reactions of Americans to our catastrophic economic highway to collapse, the continued plundering and pillaging of the national treasury by criminal Wall Street bankers, non-enforcement of existing laws against those who committed the largest crime in history, and reaction to young people across the country getting beaten, bludgeoned, shot with tear gas and pepper sprayed by police, I can’t help but wonder whether there is anyone home. Why are most Americans so passively accepting of these calamitous conditions? How did we become so comfortably numb? I’ve concluded Americans have chosen willful ignorance over thoughtful critical thinking due to their own intellectual laziness and overpowering mind manipulation by the elite through their propaganda emitting media machines. Some people are awaking from their trance, but the vast majority is still slumbering or fuming at erroneous perpetrators.
Both the Tea Party movement and the Occupy Wall Street movement are a reflection of the mood change in the country, which is a result of government overreach, political corruption, dysfunctional economic policies, and a financial system designed to enrich the few while defrauding the many. The common theme is anger, frustration and disillusionment with a system so badly broken it appears unfixable through the existing supposedly democratic methods. The system has been captured by an oligarchy of moneyed interests from the financial industry, mega-corporations, and military industrial complex, protected by their captured puppets in Washington DC and sustained by the propaganda peddling corporate media. The differences in political parties are meaningless as they each advocate big government solutions to all social, economic, foreign relations, and monetary issues...
Read more...
Monday, November 21, 2011
Thursday, November 17, 2011
Obama Prosecuting Fewer Financial Crimes Than Under Reagan or Either Bush
From Washington's Blog.
Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama
Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama
Wednesday, November 9, 2011
Big Banks Plead with Customers Not to Move Their Money
From Washington's Blog
At Wells Fargo, my sister walked up to the teller and politely asked to close her account. The teller said, “No problem.” She pulled up her account and saw the balance and told her that due to the amount she had to speak with the branch manager. The branch manager came out. He was probably 30 years old and was very arrogant. He asked my sister why she wanted to close her account and my sister told him she thought Wells Fargo was part of the problem with the economy. He went thru some talking points about why she shouldn’t move her money, but my sister didn’t back down. When he asked her where she was going she told him that she would be banking at the North Carolina State Employees Credit Union. She isn’t a state employee, but anyone can join if you are related to a state employee. It turns out her husband is. Anyway, the bankster told her “You’ll be back. Credit unions can’t provide the services you need.” We’ll see about that. She withdrew over $200k from Wells Fargo.
And another bank employer told someone else who wanted to move out of the big banks that management is concerned:
She shared that management is nervous, they are seeing money leaking out of the bank and realize that they have made mistakes…. They are also aware of the growing momentum behind the November 5th move your money movement.
Local Governments, Churches, Community Groups, Prominent Business Men And Others Are All Divesting From Big, Corrupt Banks
At least 650,000 consumers have already joined credit unions since Sept. 29 … to a nationwide survey of credit unions by the Credit Union National Association. That amounts to $4.5 billion in new savings accounts, CUNA said.
At Wells Fargo, my sister walked up to the teller and politely asked to close her account. The teller said, “No problem.” She pulled up her account and saw the balance and told her that due to the amount she had to speak with the branch manager. The branch manager came out. He was probably 30 years old and was very arrogant. He asked my sister why she wanted to close her account and my sister told him she thought Wells Fargo was part of the problem with the economy. He went thru some talking points about why she shouldn’t move her money, but my sister didn’t back down. When he asked her where she was going she told him that she would be banking at the North Carolina State Employees Credit Union. She isn’t a state employee, but anyone can join if you are related to a state employee. It turns out her husband is. Anyway, the bankster told her “You’ll be back. Credit unions can’t provide the services you need.” We’ll see about that. She withdrew over $200k from Wells Fargo.
And another bank employer told someone else who wanted to move out of the big banks that management is concerned:
She shared that management is nervous, they are seeing money leaking out of the bank and realize that they have made mistakes…. They are also aware of the growing momentum behind the November 5th move your money movement.
Local Governments, Churches, Community Groups, Prominent Business Men And Others Are All Divesting From Big, Corrupt Banks
At least 650,000 consumers have already joined credit unions since Sept. 29 … to a nationwide survey of credit unions by the Credit Union National Association. That amounts to $4.5 billion in new savings accounts, CUNA said.
Monday, November 7, 2011
Thursday, November 3, 2011
Greece? No, Oakland California.
Greece? No. Oakland California. Greece and Gaza, far far away are coming to you with some birthday kisses...as the world banking dictatorship closes ranks against all democracies and peoples of the world...
Go to this link to watch the video of social unrest in California, USA.
Go to this link to watch the video of social unrest in California, USA.
Sunday, October 30, 2011
Thursday, October 20, 2011
Saturday, August 6, 2011
Welcome To The Jungle; U.S. Debt Downgraded...
From Reuters.
(Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.
(Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.
Friday, July 22, 2011
Economist: I think the situation in the U.S. is every bit as fragile as in Greece...
From Press TV
Major international banks will take possession of the remaining wealth of debt-riddled EU nations unless these countries revert back to their old currency systems, says an analyst.
Watch video...
Major international banks will take possession of the remaining wealth of debt-riddled EU nations unless these countries revert back to their old currency systems, says an analyst.
Watch video...
Wednesday, July 20, 2011
Only Poor People Can Be Allowed to Fail
The corrupt financial establishment of our day are a bunch of idiot scum.
From FDL
By: Arthur Fullerton Tuesday July 19, 2011 6:13 am
Reading Lawrence Summers in the Financial Times yesterday I came across this statement as his third principle of dealing with the Euro crisis:
“there must be a clear commitment that, whatever else happens, no big financial institution in any country will be allowed to fail.”
And so we have a clear unambiguous statement of the principle of socialism for the rich and powerful, and capitalism, red in tooth and claw, for the poor. Notice that too big to fail has now gone global. Over the past 24 hours this has been sitting out there with no push back or comment from the media. Is it simply an accepted fact that governments around the world — including our own — will now maintain a system where no large financial institution — no matter how corrupt or incompetent — will be allowed to fail?
This while the same financial and political elites demand that all social safety nets be sacrificed on the pagan altar of the Free Market?
Trying to create a world financial system where “no big financial institution in any country will be allowed to fail” is an unsustainable act of hubris and is itself doomed to failure. Doing so while simultaneously casting the poor adrift is shameful.
From FDL
By: Arthur Fullerton Tuesday July 19, 2011 6:13 am
Reading Lawrence Summers in the Financial Times yesterday I came across this statement as his third principle of dealing with the Euro crisis:
“there must be a clear commitment that, whatever else happens, no big financial institution in any country will be allowed to fail.”
And so we have a clear unambiguous statement of the principle of socialism for the rich and powerful, and capitalism, red in tooth and claw, for the poor. Notice that too big to fail has now gone global. Over the past 24 hours this has been sitting out there with no push back or comment from the media. Is it simply an accepted fact that governments around the world — including our own — will now maintain a system where no large financial institution — no matter how corrupt or incompetent — will be allowed to fail?
This while the same financial and political elites demand that all social safety nets be sacrificed on the pagan altar of the Free Market?
Trying to create a world financial system where “no big financial institution in any country will be allowed to fail” is an unsustainable act of hubris and is itself doomed to failure. Doing so while simultaneously casting the poor adrift is shameful.
Monday, July 18, 2011
The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?
From OpEd News
Yes, these banks are engaged in warfare against the rest of society. What's going on in Greece is exactly what's going to happen in America very shortly. Why? Because in every industrialized country, the big banks are in the process of offloading their bad debts onto governments. They are then forcing these governments to sell off national assets so that the bankers can be paid what they consider to be their due...
...what these banksters and their cohorts are really trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions that embody such legislation. They're not trying to make the economy more equal, and they're not trying to share power -- just the opposite: Their aim is to implement a kind of pre-industrial and even feudal socioeconomic system. What this means is that our economy is being pushed back and put on the road to debt peonage. Hence forth, most manufacturing will be done in Asia and Europe.
What we have here, therefore, is indeed a "Road to Serfdom." It is just the opposite of the government sponsorship of economic progress and rising living standards that we had until Reagan took the White House. Rather, it's the dismantling of democratic government and the dissolution of regulatory agencies, for the purpose of creating this new kind of neo-feudal system...
...Also consider that many progressive economists are now telling us that the true purpose of the bank rescue plans is "a massive redistribution of wealth (concentrating ever more of it into the hands of) the bank shareholders and their top executives."
Finally, as the wholly non-partisan Australian economist Steve Keen observed:
"This is the biggest transfer of wealth in history," as the giant banks have handed off their toxic debts (stemming from fraudulent activities) to tax payers in their respective countries. These big banks created bubbles -- using fraud -- because that's the only way they could make the obscene profits they feel they now deserve.
Read article in full.
Yes, these banks are engaged in warfare against the rest of society. What's going on in Greece is exactly what's going to happen in America very shortly. Why? Because in every industrialized country, the big banks are in the process of offloading their bad debts onto governments. They are then forcing these governments to sell off national assets so that the bankers can be paid what they consider to be their due...
...what these banksters and their cohorts are really trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions that embody such legislation. They're not trying to make the economy more equal, and they're not trying to share power -- just the opposite: Their aim is to implement a kind of pre-industrial and even feudal socioeconomic system. What this means is that our economy is being pushed back and put on the road to debt peonage. Hence forth, most manufacturing will be done in Asia and Europe.
What we have here, therefore, is indeed a "Road to Serfdom." It is just the opposite of the government sponsorship of economic progress and rising living standards that we had until Reagan took the White House. Rather, it's the dismantling of democratic government and the dissolution of regulatory agencies, for the purpose of creating this new kind of neo-feudal system...
...Also consider that many progressive economists are now telling us that the true purpose of the bank rescue plans is "a massive redistribution of wealth (concentrating ever more of it into the hands of) the bank shareholders and their top executives."
Finally, as the wholly non-partisan Australian economist Steve Keen observed:
"This is the biggest transfer of wealth in history," as the giant banks have handed off their toxic debts (stemming from fraudulent activities) to tax payers in their respective countries. These big banks created bubbles -- using fraud -- because that's the only way they could make the obscene profits they feel they now deserve.
Read article in full.
Sunday, July 3, 2011
Tuesday, June 28, 2011
The Bankers Behind It All
Cause:
"We are grateful to the Washington Post, the New York Times, Time magazine and other great
publications whose directors have attended our meetings and respected the promises of discretion
for almost forty years. It would have been impossible for us to develop our plan for the world if
we had been subject to the bright lights of publicity during those years. But, the world is now more
sophisticated and prepared to march towards a world-government. The supranational sovereignty
of an intellectual elite and world bankers is surely preferable to the National auto determination
practiced in past centuries"--David Rockefeller in an address to a Trilateral Commission meeting
in June of 1991
Effect:
"We are grateful to the Washington Post, the New York Times, Time magazine and other great
publications whose directors have attended our meetings and respected the promises of discretion
for almost forty years. It would have been impossible for us to develop our plan for the world if
we had been subject to the bright lights of publicity during those years. But, the world is now more
sophisticated and prepared to march towards a world-government. The supranational sovereignty
of an intellectual elite and world bankers is surely preferable to the National auto determination
practiced in past centuries"--David Rockefeller in an address to a Trilateral Commission meeting
in June of 1991
Effect:
Monday, May 23, 2011
Sunday, April 24, 2011
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