breezy

BANKERS BANKERS BANKERS !!!

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"According to many top financial analysts and the revealing news articles below, the $700 trillion financial derivatives market may be a time bomb waiting to explode with catastrophic consequences. $700 trillion is more than 10 times the GDP of the entire world and equivalent to $100,000 for each of the 7 billion inhabitants of our planet."

http://www.wanttoknow.info/banking_finance/derivatives_market_bubble_financial

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Iranian banks cut off from SWIFT system

March 17, 2012

Financial group vital for oil exports cuts business with banks blacklisted by EU to enforce sanctions

"Iran has been largely cut off from global commerce after the company that handles most international financial transactions said it was severing ties with 30 Iranian banks.

The action by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) aims to enforce EU sanctions discouraging Tehran from developing nuclear weapons.

SWIFT is crucial to the oil sector and other trades and global financial transactions are impossible to conduct without using it.

Al Jazeera's Harry Smith reports."

http://www.aljazeera.com/news/middleeast/2012/03/201231719399435831.html

‘Iran will give strong response to being expelled from SWIFT’

soori20120317161028057.jpg

Former Iranian intelligence minister, Ali Fallahian

"A former Iranian intelligence minister says if Iranian banks are cut off from the global electronic money transfer system, Tehran will use every possible means to respond in kind.

Reacting to reports about the Society for Worldwide Interbank Financial Telecommunication (SWIFT) decision to discontinue offering service to the Iranian banks, Ali Fallahian said on Saturday that closing SWIFT to Iran is “like closing international waterways,” Fars News Agency reported.

“If the United States or Europe considers it its right to ignore international laws to meet its own interests, Iran may also decide to respond in kind wherever possible,” he added."

http://presstv.com/detail/232193.html

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Ex-exec at Taylor Bean pleads guilty in $3B fraud

March 20, 2012

By MATTHEW BARAKAT

ALEXANDRIA, Va.

"The chief financial officer of what had been one of the nation's largest private mortgage companies pleaded guilty to charges Tuesday for his role in a $3 billion fraud scheme.

Delton de Armas, 41, of Carrollton, Tex., was CFO of Florida-based Taylor Bean and Whitaker up until its collapse in 2009.

On Tuesday de Armas became the eighth person convicted in one of the biggest fraud schemes to emerge from the nation's housing crisis. The other seven, including Taylor Bean founder and chairman Lee Farkas, were sentenced last year, with Farkas receiving a 30-year term."

De Armas faces up to 10 years after pleading in U.S. District Court to conspiracy to commit fraud and making false statements."

snip

"The actions of Mr. de Armas and his co-conspirators contributed to the financial crisis and led to the collapse of one of the country's largest commercial banks. The FBI and our partners remain vigilant in investigating such fraudulent activity in our banking and mortgage industries," said James McJunkin, assistant director in charge of the FBI's Washington Field Office"

Read the whole disgusting story at....

http://www.businessweek.com/ap/2012-03/D9TKDST81.htm

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Worldwide Banking Resignations Triple According to Revised Numbers: Why Now?

http://www.activistpost.com/2012/03/worldwide-banking-resignations-triple.html

the number of resignations stand at 358

"Certainly, the number seemed enormous.

Apparently American Kabuki had the same questions. Only a few weeks after the initial posting, the blogger posted a chart that included the number of resignations filed with the SEC, as required by the Securities Exchange Act of 1934, going back to 2008 and in to the fourth quarter of 2011. Tracing the resignations back to 2008 would, obviously, provide something close to a representative sample of the normal rate of resignation over a period of three years.

What these statistics revealed was a staggering increase in the number of resignations announced around the second and third quarters of 2011.

I included this chart, along with some commentary, in my article “Why Are Bankers Jumping Ship In Record Numbers, Financial Collapse Imminent?” Please see this article in order to understand the specifics of the statistics presented by American Kabuki’s research. Or, view American Kabuki’s own presentation here. "

http://americankabuki.blogspot.com/2012/03/tsumami-of-resignations-contained-with.html

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http://www.islamist.com/index.php/revolution/2092-egyptians-launch-campaign-to-repudiate-mubaraks-debts

Mubarak contracted the debt so Mubarak should pay. Let the international banksters like IMF and WB who lent the money to Mubarak go collect it from him. Third world debt repudiation is the criminal banksters worst nightmare. Argentina did it successfully in the 90 and now there are Egypt, Pakistan Philippians even India is a possible candidate for debt repudiation

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http://www.rt.com/news/spain-banks-escorts-sex-198/

Banking services withdrawn: Madrid escorts declare sex war

Madrid’s high-class escorts have found a way to regulate the Spanish banking sector. The ladies want to have their say in the economy by withholding sexual pleasures from bank employees.

The largest trade association for luxury escorts in the Spanish capital has gone on a general and indefinite strike on sexual services for bankers until they go back to providing credits to Spanish families, small- and medium-size enterprises and companies.

It all started with one of the ladies who forced one of her clients to grant a line credit and a loan simply by halting her sexual services until he “fulfills his responsibility to society.”

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ON THE EDGE No40 MARK COCKING

Having fiat currency guarantees inflation.

It also allows a small group of people to engineer collapses of the economies during which they can then buy up assets on the cheap.

Listen to Mark Cockin tell you the secret behind banking today and how a small group of people ended up with the world's wealth.

Theo Chalmers interviews 'England’s most dangerous man', Mark Cocking, the second youngest ever Fellow of the Chartered Institute of Bankers who he has spent 24 years researching how and why we have regular cyclical collapse of the global economy and banking system and who is behind it.

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http://www.rawstory.com/rs/2012/03/21/dallas-fed-top-five-u-s-banks-hold-over-half-of-industrys-assets/

Dallas Fed: Top five U.S. banks hold over half of industry’s assets

... 52 percent of all the assets held by the entire banking industry have now become aggregated into the hands of just five companies, and the top 10 institutions have swollen so large that they possess wealth that equates to roughly half of America’s annual gross domestic product (GDP).

It is for those reasons that Dallas Fed president Richard Fisher, .... has embraced the radical cause of breaking up the nation’s largest banks and forever ending “too big to fail.”

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Dominique Strauss-Kahn charged in French prostitution case

Laura Rozen

"How are things going for former International Monetary Fund chief Dominique Strauss-Kahn since his return to France?

Not so well. Days after French prosecutors closed the second rape investigation the former IMF chief has faced this year, DSK is now the subject of new allegations linking him to an underage prostitution ring being investigated in Lille, northern France.

"Investigators in Lille believe they have uncovered a well-connected ring that brought women over the border from Belgium to have sex with wealthy clients in hotels in the city," France's Radio France International reported Monday. "Some of the women are believed to have been under-age."

Strauss-Kahn on Sunday asked to be interviewed "as quickly as possible" to clear his name amid what he called malicious and dangerous insinuations in the new case, RFI wrote."

entire story here

http://news.yahoo.com/blogs/envoy/dominique-strauss-kahn-seeks-clear-name-amid-orgy-171816856.html

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9177125/Former-RBS-trader-Tan-Chi-Min-claims-hedge-fund-asked-UK-bank-to-change-Libor.html

Former RBS trader Tan Chi Min claims hedge fund asked UK bank to change Libor

One of Europe's largest hedge funds is alleged to have asked Royal Bank of Scotland to alter the London interbank borrowing rate (Libor) five years ago, according to a court filing by a former trader at the lender.

Mr Tan ... claims in his lawsuit that asking for changes in Libor was "common practice" among RBS traders and that the bank "took requests from clients" to alter the rate.

Regulators across the world are investigating whether banks manipulated Libor during the financial crisis. All of the UK's major banks have issued statements saying they are involved in the investigation, including Barclays, HSBC, Lloyds Banking Group and RBS.

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http://relocalizeohio-franklincounty.wikispaces.com/

.... We do not think the two-party system has been serving the public for a very long time. In fact, it was never meant to. Waaay back in 1892 the Bankers Manifesto stated:

People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.

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http://www.nationofchange.org/wall-street-confidence-trick-interest-rate-swaps-are-bankrupting-local-governments-1332571419

Wall Street Confidence Trick: The Interest Rate Swaps That Are Bankrupting Local Governments

.... Interest rate swaps are less often in the news than credit default swaps, but they are far more important in terms of revenue, composing fully 82% of the derivatives trade.  In February, JP Morgan Chase revealed that it had cleared $1.4 billion in revenue on trading interest rate swaps in 2011, making them one of the bank’s biggest sources of profit.

For more than a decade, banks and insurance companies convinced local governments, hospitals, universities and other non-profits that interest rate swaps would lower interest rates on bonds sold for public projects such as roads, bridges and schools.  The swaps were entered into to insure against a rise in interest rates; but instead, interest rates fell to historically low levels.  This was ....  a deliberate, manipulated move by the Fed, acting to save the banks from their own folly in precipitating the credit crisis of 2008.  The banks got in trouble, and the Federal Reserve and federal government rushed in to bail them out, rewarding them for their misdeeds at the expense of the taxpayers.

.... In a February 2010 article titled “How Big Banks’ Interest-Rate Schemes Bankrupt States,” Mike Elk compared the swaps to payday loans.  They were bad deals, but municipal council members had no other way of getting the money.

....Why are these swaps so popular, if they can be such a bad deal for borrowers? ... this “financial engineering” is sold, not by disinterested third parties, but by the very sharks who stand to profit from their counterparties’ loss.  Fairness is thrown out in favor of gaming the system.  Deals tend to be rigged and contracts to be misleading.....

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Clif High said that the Irish will show the way.

These were the very words used by Jim Sinclair on 2 April

http://www.jsmineset.com/2012/04/02/in-the-news-today-1149/

Do watch this video - it's the end of the banking elite

On Tuesday 27th March Ben Gilroy, John Squires and 'People for Economic Justice' served a summons on the Irish government to answer charges of illegal activity over the bank bailout. The bailout is illegal under Bunreacht Na hEireann, the Irish Constitution.

It is also illegal under international law.

An injunction was applied for to prevent the payment of a €3.1 billion euro Anglo bond due to be paid this Saturday 31st March 2012.

The judge has given two weeks for the State to respond.

Please support Ben and John and People for Economic Justice in any way you can. The economic situation in Ireland has been caused by illegal activity. Those responsible must be held responsible, and the payments must be stopped.

Fine Gael were elected on the promise of stopping this madness but have not done so.

www.peopleforeconomicjustice.com

The Irish people will NOT pay for the gambling debts of the banking elite

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Montague Keen chanellings have also been talking about the importance of Ireland in leading the way over the last couple of months - interesting.  GO THE IRISH !

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http://www.marketwatch.com/story/new-evidence-reveals-goldman-sachs-engaged-in-secret-re-titling-into-goldmans-name-alone-of-over-20-million-shares-owned-by-marvell-founders-2012-03-28

New Evidence Reveals Goldman Sachs Engaged in Secret Re-Titling Into Goldman's Name Alone of Over 20 Million Shares Owned by Marvell Founders

SIMILAR TO MF GLOBAL'S ALLEGED USE OF CLIENT FUNDS, NOW THE SUBJECT OF CONGRESSIONAL INVESTIGATION, GOLDMAN SACHS SECRETLY INSTRUCTED STOCK TRANSFER AGENT TO OBTAIN TITLE, WITHOUT CLIENTS' PERMISSION, TO CLIENT SHARES INTO GOLDMAN SACHS' NAME ALONE

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http://www.nytimes.com/2012/04/01/opinion/sunday/kristof-financers-and-sex-trafficking.html?_r=3&ref=business

THE biggest forum for sex trafficking of under-age girls in the United States appears to be a Web site called Backpage.com.

This emporium for girls and women — some under age or forced into prostitution — is in turn owned by an opaque private company called Village Voice Media. Until now it has been unclear who the ultimate owners are.

That mystery is solved. The owners turn out to include private equity financiers, including Goldman Sachs with a 16 percent stake

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In the video I noticed how the police stand out of the way and let the people do their business. If this was in America, the cops would be tasering , clubbing, shooting, beating, fire bombing and pepper spraying them. Those policemen in Ireland are real men. The cops in America are monsters, not human and on the side of the crooks and robbers.

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Thanks Anon...that is an awesome video! 

They aren't called the fighting Irish for nothing!

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