Bankers resignations came ahead of huge unfolding scandal.

reply to post by Klassified


If you read the transcript from the UK speaker; you will see that it was uncovered due to questionable bank practices going on. It is apparent that everyone in the know, on this was trying to keep it going as long as possible. They are still gaining compound interest on these stolen misappropriated funds as we sit here.

reply to post by Darkchemistry


The one you linked is from 2012, but i've just searched google and found this one from march 2011:

www.youtube.com...

Isn't it the same? i guess so.. and so the results date from that time...

www.google.com... 000397l19l19l0l7l0l1l755l4051l2.2.3.0.1.3.1l12l0

My real concern is... If this went to MSM (MSNBC)... why the hell nothing of concrete happened ..

Originally posted by sy.gunson
They are resigning because the ugly truth is that capitalism does not work.

Please, stop. We don't have capitalism in the World, we have Corporatism:

What is Capitalism?

Capitalism is a social system based upon the recognition of individual rights, including private property rights where all goods, both intermediate goods and final goods, are owned privately. The “rights” referred to above are ethical-legal principles that identify and sanction man's freedom of action strictly within a social context.

Under capitalism, each individual possesses the legally unalterable authority to support and sustain himself, to conduct himself in accordance with his own independent judgment, to control the material product of his mental and/or physical labour, and, in connection with these rights, each and every individual has the legal authority to be free from the initiation of physical force. The absence of aggression that exists under capitalism allows for the formation of the free market, the vast network of voluntary exchanges of property titles to intermediate and final goods.

However, Government intervention in the markets is a form of aggression to fulfill certain socio-economic objectives. As such, it contradicts the essential nature of a capitalist economy as a non-aggressive economy. An economy remains capitalist so long as the government, or any other agency for that matter, refrains from intervening coercively in the peaceful private lives of citizens. The implications of this fact are substantial: under pure capitalism there are no taxes, no price ceilings, no price floors, no product controls, no subsidies to either the rich or the poor, no public streets, no public schools, no public parks, no central banks, no wars of aggression, no immigration restrictions, etc. Government neither resorts to aggression under capitalism nor does it sanction its use by others, end of story.

What is Corporatism?

Corporatism shares no such description. It is a social system where the government intervenes aggressively into the economy, typically with political instruments that benefit large corporations and enterprises to the detriment of smaller businesses and private citizens. Such instruments include subsidies, tariffs, import quotas, exclusive production privileges such as licenses, anti-trust laws, and compulsory cartelization designs. All involve the initiation of physical force: subsidies come from taxes, tariffs are taxes, import quotas restrict trade, license schemes prohibit non-licensed producers from producing certain goods, anti-trust laws allow competitors to gain or retain market share through legal competition in court, and compulsory cartelization speaks for itself.

Similar to socialist governments, corporatist authorities seize control of land and capital goods when they feel it is necessary to do so without regard for private property rights. However, unlike socialist governments, corporatist states usually do not formally nationalize private sector firms, choosing instead to assume de facto control over them rather than de jure control. This difference however is procedural, one of style, not of essence, making it superficial - ancillary at best - and therefore fundamentally useless as an argumentative tool of fascists and socialists to distance themselves from each other. Corporatism is a system of institutionalized aggression. Between the complementary terms “capitalist” and “non-capitalist,” corporatism finds itself comfortably within the latter.

This means that the latest attempt by the federal government to save the financial industry by subsidizing failed or failing institutional investors and banks is an illustration of a corporatist, not a capitalist effort. Market forces have nothing to do with the Troubled Asset Relief Program or the misleading “American Recovery and Reinvestment Act of 2009.” Under capitalism, firms that do not satisfactorily satisfy consumer demand are made promptly to surrender their assets and their business influence. Financial capital is siphoned away from these unproductive enterprises and allocated toward those who have proven themselves capable of taking up the mantle of “producer.”

Conversely, the kinds of legislative bills, laden with underhanded plots to subsidize various politically-connected businesses and undertakings, which see the desk of our current president, and have appeared before to his immediate predecessor, are political tools meant deliberately to obstruct the operation of this most capitalistic profit and loss mechanism. Call it what you’d like but you may not call it “capitalism.” If you find yourself cursing the wretched collaboration of businessmen and statesmen, by all means proceed. I welcome it. However, if that’s the case it is not the free market system that you find so reprehensible.

The above taken from Economic Policy Journal.

Interesting video. The computer generated voice is difficult to understand at times and the tag line with the anonymous mask does come across as deceptive. I know some of these topics can get scary at times, but having a mask deliver the message raises some questions of integrity. It may work for some target audiences but misses for me personally in presentation.

The content was good with the first news clip, the description about the UK $15 Trillion was getting a bit convoluted and hard to keep up as many references without content where made. It sounds like there where some clues provided but yet to comprehend and validate the entire message, I am familiar with the story though.

Overall it is a good attempt at trying to make some sense of the current problems in the economy, it does take time and perseverance as there are many interactions going on. The big issue facing the US is 'how to introduce money into society?'. The privatisation of cash with the creation of the FED is why there is a massive national debt and falling social infrastructure as bank wealth is rocketing out of control. It has not been all bad as global trade has improved with the profit driven economic distribution, but the international burden is mounting and some separation between national and international interests is required.

reply to post by quelmarth


The date indeed, says 2011 on that video...it appears it got little coverage and got swept under the rug because the secondary news that the House of Lords did not break yet. The two are inextricably linked together to form a whole. The news story from MSNBC and the House of lords are linked together because it is more of the story coming together. So it still qualifies as breaking news even though it was moved to the Global Financial Meltdown Thread. More will be coming out of this story.

reply to post by kwakakev


I think computer generated voices and such are a bit hokey myself, and am not in any affiliation with them, it's a movement but any movement has their own propaganda and agenda, I don't fully know what theirs is so I can't comment further on that.

The news and facts on this scandal and corruption, and what it holds for us time will tell. I know it is a lot of information to go through...and easy to readers to skim, dismiss, or make random passing jabs at; but the information is solid and well worth the time. The UK hasn't been too long in getting it's sleeves rolled up to try and get to the bottom of all this...so more is to come.

So they are going to spend their huge bonuses on lawyers
I wish I was a lawyer in these interesting times...

reply to post by Darkchemistry


In terms on Anonymous, I support liberty with the definition of 'freedom with responsibility'. There are a lot of problems around with identification the first step towards fixing them. There is war going on and can respect that privacy can be the difference between life and death for some.

1. All peoples have the right of self-determination
18. Everyone shall have the right to freedom of thought, conscience and religion

UN International Covenant on Civil and Political Rights www2.ohchr.org...

Originally posted by Darkchemistry
reply to post by Afterthought

 

It sounds like an interesting movie, but please keep comments on topic or at least post your feelings about the post in some form or fashion too...thanks.

Sorry to have mentioned the movie, but if you saw it, you'd realize how on topic it is.
I was simply trying to point out how those directly or indirectly involved simply chose to ignore the elephant in the room. I feel this is one of the major reasons why we are where we are. People doing corrupt things, while the ones who could've stopped it were fired/resigned or chose to look the other way.

I ve seen something like this coming for a long time. the capitalist system how it is today just cannot exist. It has its flaws even in the simpler theories of the model of it. Of course it s even worse in reality than in theory.

I am positive and really hope people and the mass medias are waking up. I was surprised that msnbc brings such a stunt. But it s agood sign.
I really want to see them greedy conmans swapping their white collars for orange overalls and move from manhattan to gitmo, where they belong.
And most important ont the way they should pay back every single penny they stole from the people.


BTW: i've heard the Lord Blackheath story several times now, but never heard anything after that. Has somebody an update?

More information on politicians invested in Goldman/Sachs a lot of them are in positions to direct major financial decisions... link: www.opensecrets.org...

Here is a list of Congress members that reported in 2010 invested in Goldman/Sachs

Randy Neugebauer (R-Texas)
Sheldon Whitehouse (D-RI)
Phil Roe (R-Tenn)
F. James Sensenbrenner Jr (R-Wis)
Eric Cantor (R-Va)
John Boehner (R-Ohio)
Vernon Buchanan (R-Fla)
Jack Kingston (R-Ga)
Richard A. Berg (R-ND)
Jon L. Kyl (R-Ariz)
Fred Upton (R-Mich)
Gary Peters (D-Mich)
Jeff Bingaman (D-NM)
Larry D. Bucshon (R-Ind)
Paul Ryan (R-Wis)
Steven R. Rothman (D-NJ)
Ben Nelson (D-Neb)
Claire McCaskill (D-Mo)
Mark Warner (D-Va)

I'll try to dig up more news at to whats going on with investigations into what the House of Lords found and reported.

Originally posted by svetlana84
I ve seen something like this coming for a long time. the capitalist system how it is today just cannot exist. It has its flaws even in the simpler theories of the model of it.

See above. We aren't living in a capitalistic society, we are living in a corporatist system. You are smearing a socioeconomic model that hasn't been in existence in a long time. Understand, the issues we are facing in this world would look exactly the same under a corporatist system as it does under a socialist system... the only thing that is changed is HOW the power is wielded.

A true (working) capitalist market is the ultimate expression of human freedom and compassion.

reply to post by koder


The biggest issue with this is the fact that right now if riots were to begin breaking out, we would then see the act of a GOV using its military on its own people.

No matter what the cause is, rioting behavior is all they would need to truly put into effect NWO if not at least a N American O. lol.

Trust me we see calm, peaceful protests being straight mutilated by police violence.

What do you think will happen when SRHTF?

reply to post by Finalized


And how do you prevent capitalism from converting to corporatism or fascism? Pure capitalism is a system that completely goes hand and hand with the ideology "Survival of the fittest" and completely ignores social relationships and the idea of the commons. If you want pure capitalism, play monopoly but don't make it seem like that economic system is a utopia you are making it out to be.

On topic, good I hope they all jump ship straight into the sea.

The Big Bankers own our government Full Stop!
JP Morgan, Goldman Sachs, Citi Group etc

www.pbs.org...


In 1994, Brooksley Born tried to regulate derivatives, well before the financial crisis hit.
The bankers told her and Larry Summers who is BOSS.

"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"

Read more: www.pbs.org...


Now...What would happen if 13 common American Citizens, marched into Summers office and demanded of him to Stop something?

These 13 common citizens would be thrown out by security or in JAIL, that is unless you are a Mega
Bankster that calls the shots.

Where were these same Banksters, when a lot of the mortgage scams were passed?
They were right there going along with it, because they had their ducks in a row to profit handsomely off the American Public by having them as a fall back to pay for it all for their evil plans.

You will not find any news sources where the big banks were in an uproar when CRA, and other mortgage related scams were created, because they were in on it.

New information into the investigation, with a quick recap summary....

The testimony by Lord James of Blackheath suggested that there are many contracts between Yohannes Riyadi (apparently one of the wealthiest men in the world) and the Federal Reserve. Lord James makes the claims that there is major corruption and criminal activity taking place within the jurisdiction of the USA Corporation involving the Federal Reserve Bank. Lord James specifically named Alan Greenspan and Timothy Geithner as having signed some of the contracts. It seems this document is just one of many to be released into the public domain. This document has the signatures of Federal Reserve Chairman Ben Bernanke and Roger Ferguson Jr.

Here is a link to the original pdf scan of the document: etleboro.com...

This is an original version of the contract. Under which the American treasury has apparently got the Federal Reserve Bank of New York to offer to buy out the bonds which have been issued to Mr. Riyadi to replace the cash which has been taken from him over the previous ten years and they’re giving him 500 million dollars, as a cash payment to buyout worthless bonds.

Here is a quick clip of Former Federal Reserve chairman Alan Greenspan admits that the Federal Reserve is an independent agency whose decisions cannot be overruled by any element of the legitimate United States government. www.youtube.com...

Clip transcript: "REPORTER: What is the proper relationship... what should be the proper relationship between a chairman of the Fed and a president of the United States?

GREENSPAN: Well, first of all, the Federal Reserve is an independent agency. And that means basically that, uh, there is no other agency of government which can overrule actions that we take.

So long as that is in place, and there is no evidence that the administration, the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don't frankly matter. I've had very good relationships with presidents."

If it wasn't for the efforts of Congressman Ron Paul, former Congressman Alan Grayson and Congressman Bernie Sanders to audit the Federal Reserve, we wouldn't have known that the Federal Reserve secretly lent out 26 trillion dollars' worth of American money from 2007 to 2010 -- much of it to foreign banks.

Here is a good link that contains so much of what the Federal Reserve has done to us it is staggering: divinecosmos.com...

I'll be doing more research on what the UK investigations are finding, hopefully this can hold the tide until then.

reply to post by Afterthought


No worries, I appreciate your insight to this thread; I'd like to see the movie, as it sounds pretty spot on about how corruption hits, becomes news for a minute the masses get distracted and poof it vanishes and no one gets held accountable or seems to care. It's sick sad system and unfortunately, a lot of people have the attention span of a gnat, I mean how much straw do the camels busting their humps need?

I did some more digging around, I couldn't find any newer news on the UK investigation than the last post about Greenspan and the Fed pdf papers. I did find some roots on where this scam started...as well as some uncovered information that the UK investigation didn't have at the time of the House of Lords session. Please read at this link: www.veteranstoday.com... it seems a full picture is starting to come together as well as all those involved. I truly hope that this does not turn into another over looked crime that goes unpunished...

Breaking news: next one out: Jean claude Juncker president of Eurogroup and head of 17 european Financeministers just resigned. He said we will not want to have another mandate anymore....

Could not find a link in english yet, so here s the german version: die Welt

Darkchemistry, i also researched a bit about the progression of the lord blackheath story, but could not find much. At the time there are discussions in england about reorganising the house of lords. So that might bury the story.
(oh, actually just realised i had the same source as you: veteranstoday)

I am reminded of a side comment that one of the high elite was overheard to make to another"If the people found out about this, they chase us down in the streets" well..........you get the gist.....
Personally, i am retired, and tired of getting the shaft for the profits of the few.
Thinking of the things i did to make a living,the damage to my body, and my family, by the perpetration of these crimes,.......All done so that a priviledged minority of 1-10 % on the top of the heap,could live their lives among wealth beyond dreams of avarice,and execute the people whom they conned into giving whole lives unknowingly to support their theivery......
There is an unmitigated gall.......that anyone should consider themselves such gods above other men is ebhorrent to me in the extreme.
The feudal system has lingered on in the background and havng the wealth of the centuries has naturally subverted the system from within, to serve its own agendas.Our vigilance muted by material progress.....we have been distracted by a thousand machinations of the few who plan the wars. the famines, the misery and death..
The banks are all guilty of collusion in this crime, which has enslaved the entire planet to usery.........
far sharper minds have delved this and have been shouting the news for decades.....its time to listen to those crazy conspiracy theorists because it apears they were right all along!
Where are the pitchforks?
Where are the angry crowds milling in front of the defunct goverments facades?
The ugly face of the monster that has sucked all the best of human endeavour from the last, and previous centuries of human efforts finally rears its hydra headed form....!
Let the world look upon this monument to human evil, its lust for power revealed in all its forms....
Banks, Goverment, Finance,Corporate ownership, all twisted to gether like a pit of vipers,scheming, plotting, never sleeping till the last drop of profits are squeezed from the last drop of human suffering......
Gawd dang!
Where are our Oathkeepers now?
Where have they been hiding all these years?
They have been under the covers of the same bed as the elite!
Serving their interests not that of those they were appointed and sworn to serve.
How far down the rabbit hole dare we venture?
IMHO.....Lets get to the bottom of this once and for all!
While i am still alive and fit enough to help make it happen for every citizen of the planet!
For my grandchildren,..... for Christs sake!