banking

MN Legislature 2015: A bill for lowering fees on bankruptcy debtors in Minnesota: HF 652

Bankruptcy is a process that the modern banking establishment has made a point of hiding in plain sight these days, since it lets regular people cut loose tons of debt that would otherwise make a mess of their life. Unfortunately student loans are not dischargeable this way, because it's better to keep graduates on the hamster wheel and prop up the higher ed debt bubble.

I am cross posting this post w permission from Nathan Hansen - it covers a nasty local fee required to clear more local debts even after a federal bankruptcy has been accepted and put in motion. via Nathan M. Hansen's Blog: Rep. Mary Franson introduces HF 652: A bill that helpsa lot of consumer bankruptcy debtors in Minnesota:

One of the major parts of my law practice is consumer bankruptcy and litigation in bankruptcy court related to consumer bankruptcy. I am a member of the National Association of Consumer Bankruptcy Attorneys (NACBA) and have been for several years.

Bankruptcy is a Federal proceeding that a debtor can bring to absolve themselves of their debts. At the end of a bankruptcy proceeding, an honest debtor receives a "discharge" order signed by a United States Bankruptcy Judge. This discharge order absolves a debtor of most debts (there are exceptions to this, but such a discussion is beyond the scope of this post). For example, credit card debts are generally dischargeable in bankruptcy.

I routinely communicate with my fellow members of NACBA in Minnesota. These are excellent attorneys with varying political beliefs as diverse as the general population. For the past few years, a serious issue has been plaguing bankruptcy debtors in Minnesota, our clients. The issue is debtors having to pay exorbitant filing fees to state court administrators to remove state court money judgments entered on debts that were already discharged in bankruptcy. While Minnesota Statute 548.181 Subd. 1 states that this removal of judgments should only cost $5.00 payable to the court administrator, the Minnesota State Court Administrator has taken the position that debtors with "default judgments" against them need to pay the full filing fee for an answer to a lawsuit in addition to the $5.00. In my home County of Ramsey, this extra fee is $327.00, for a total of $332.00 per judgment to be removed. If a debtor had several judgments, they could easily be forced to pay $1,000 to $2,000 or more to remove their judgments for debts that have already been discharged by the bankruptcy court. Regardless of political beliefs, almost anyone can run into financial troubles for any number of reasons.

Representative Mary Franson (R- Alexandria) listened to the concerns of Minnesota NACBA members about this common sense issue affecting all kinds of people in Minnesota. She introduced a bill today,HF 652, to address the bipartisan concerns of NACBA members for their clients. This bill will prohibit Minnesota Court Administration from charging these exorbitant filing fees to debtors for filing their applications for discharge of judgments, and keeps the fee at the $5.00 originally set forth by the Legislature.

My fellow NACBA members are absolutely elated that a bill has been brought to fix this injustice that keeps people from getting their fresh start to which honest debtors are entitled. Bankruptcy is specifically mentioned in the Constitution, so I do mean entitled. On behalf of Minnesota NACBA members who are my friends and colleagues, our sincere thanks to Rep. Franson for taking a leadership role on this issue.

Please contact your Representative and Senator and ask them to co-sponsor and support this very important bill that will have a very positive effect on Minnesotans trying to get back on their feet. If you want to know who represents you in the Minnesota Legislature, here is a link to a tool for finding out from the Minnesota Legislature's website.
If anyone has any questions about this issue, please feel free to e-mail me at nathan.hansen@gmail.com.

Also disclosure note I did some professional work w Hansen back in the day - nice guy to work with. You can say hi to him at twitter.com/nathanmhansen .

Rumor Mill: Wells Fargo megabank to purchase TCF Bank / TCF Financial Corp in glorious Midwest fractional reserve merger

bill cooper cash money

An improbable source told me from some insider that Wells Fargo Bank is trying to gobble up TCF Bank. This is congruent with a number of stories in recent years including Bill Cooper's retirement plans. Presumably longtime GOP bankroller Cooper will go be a talking head on Fox News a couple times a month, obtain a Star Tribune web column and sip daiquiris in Wayzata for the rest of his days. Cooper is apparently over 70 now and it's kind of hard to see anyone else really taking the helm into another century.

Some relevant URLs in all of this:

  • TCF annual report 2013: https://www.tcfbank.com/about-tcf_annual-report.aspx
  • MPR reports TCF's independent bank "future a question mark" - January 2011: http://www.mprnews.org/story/2011/01/06/future-of-tcf
  • Analyst: TCF is regional bank most likely to be sold this year - February 26 Twin Cities Business magazine: http://tcbmag.com/News/Recent-News/2013/February/Analyst-TCF-Is-Regional... - according to Deutsche Bank analyst. Quote: "But the report said TCF is the most likely to be sold this year because of 'uncertainty over CEO succession and a net interest margin that is likely to be more pressured than peers starting in one to two years.'"
  • TCF Financial Corp. attracts renewed takeover speculation: Star Tribune April 2013: http://www.startribune.com/business/201712271.html (based on same Deutsche Bank report)
  • TCF sets the stage for Cooper's exit: March 2014 American Banker magazine http://www.americanbanker.com/people/tcf-sets-the-stage-for-coopers-exit... -
  • Still, there is always a chance TCF could instead decide to sell itself, industry experts say. They note that Cooper has admitted to coming close to selling TCF once in the past, and he has often acknowledged that he could sell if the right offer came along.

    Selling a bank of TCF's size might be tough because it could potentially push the acquiring institution above $50 billion of assets, McGratty says. At that size, a bank would be considered a systemically important financial institution under the Dodd-Frank Act and face heightened regulatory scrutiny.

    TCF has also had past regulatory issues that could make a buyer wary, particularly issues with the Bank Secrecy Act. Last year, the company agreed to pay a $10 million penalty to the Office of the Comptroller of the Currency after the OCC found that TCF had failed to file reports on more than $7 million of suspicious transactions over a nearly two-year period. The OCC removed an October 2010 order tied to BSA issues in December.

  • Changes to TCF CEO's contract could make bank sale more palatable - Minneapolis / St. Paul Business Journal Feb 2013: http://www.bizjournals.com/twincities/blog/banking/2013/02/changes-to-tc... "...the changes, which would boost his payout if he leaves and pay him even more if he leaves after someone buys TCF Financial Corp.... But the new agreement could make a sale of the Wayzata bank more palatable to Cooper, who owns around 2 percent of shares outstanding, making him one of the lender's largest stockholders."

This is a good spot to point out that 'fractional reserve banking', the mode of banking which took hold in the US with the creation of the Federal Reserve System and above it, the Bank of International Settlements (BIS) in Basel Switzerland, is an enormous confidence scam, possibly the largest scam in the world in sheer economic magnitude. [See the wikipedia page for a reasonable explanation].

In Minnesota, the Federal Reserve Bank of Minneapolis, a independent private entity with unknown major shareholders presumably including TCF itself, regulates the hamster wheel. The elite get to loan out large sums of 'commercial money' they don't actually have, which regular people have to pay back with interest. This allows them to create a rentier economy where people commodify and destroy the natural world to try and cover the interest on money the banks never actually had.

Perhaps cryptocurrencies and fully reserved local currencies as well as mutual aid and barter networks can displace this disgusting system before it destroys earth's biosphere. Just remember, Bill Cooper & Wells Fargo execs, as you stack millions on the misery of your customers through totally unnecessary overdraft fees and fraudulent interest: ultimately, you can't take it with you.

Previously: July 2010: Heads Up to Quigley's Apex: Bank of International Settlements (Former Nazi Bank) developing Gold/SDR global fractional reserve currency with IMF, Federal Reserve // Dec 2010: Russia & China not buying BIS Fractional Reserve Gold currency scheme pushed by the Ben Bernank.

Bitcoin taps $200 again as ecosystem for services matures

Prices around $200 USD now, interesting price patterns. Stabilization & slow growth reigned since the woolly early 2013 era. Here: Bitcoin fake fibonacci trend line fun - even in crashes it never broke thru the lowest trend line.

It's hard but not impossible to see it below $100 again. I think now $80 is probably the floor. $200 i think is a psychological barrier, it will have hard time spiking higher unless 'another round of buzz' occurs.

Also note the USD sliding against Euros today: http://www.reuters.com/article/2013/10/22/us-markets-global-idUSBRE96S00... - probably helps BTC / USD price.

Also as the market for exchanges has slowly diversified you see less instability related spikes/crashes heavily spawning from MtGox, which has been an exchange overly-relied upon until now. Of course any market will suffer when there are not enough sturdy exchanges. It's called the GoxHammer or something like that when bitcoin prices crash around Gox instability.

Source: bitcoincharts.com and my pseudo-Fib generator in Preview :P

bitcoin-chart.png

If you are looking to get bitcoins: CAVEAT EMPTOR. Let buyer beware. I am not vouching for results with any service, your Grues may be eaten etc. The ecosystem is maturing but things will rise and fall, and beware pump n dumps.

However CampBx.com is doing pretty decently based in Georgia - a MtGox without the clustermesses. And you can mail them USD checks if you like. .55% fees on transactions seems pretty fair. You need to provide ID to use services extensively.

Also LocalBitcoins.com for meeting people in coffee shops around town locally. More anonymity than CampBX, but also a higher fee. Anonymity and fees seem to have an inverse relationship!

Also BitPay.com is also based in Georgia and can do point-of-sale integration with various platforms - the integration code for developers is admirably simple. Much cheaper Bitcoin purchases turned into USD bank deposits multiple times a week if you like. So you would only be risking a day or 2 of transaction cash at a time for this, used as a gateway in yr business.

The Art of Failing Gracefully: DEA & DOJ need to cover up Sinaloa cartel informant Vicente Zambada, the quid-pro-quo system, "Fast & Furious" arms distribution for Great Justice!!!

Hundreds of billions of dollars, between cash flows and valuations, depend upon the ability of American law enforcement structures avidly maintaining their illusionary belief system about laundered drug money, informants, and banking systems. All of this is normal, they say, it's normal to throw the book at tons of little fish while mysteriously failing to find any really substantial laundered drug money or criminal prosecution for lawyers and bankers involved. The name of the game is to fail gracefully at detecting and punishing drug money in the banking system, to create a PSYOP of coherency on top of countless total ironies, structured protection & utter failures.

By the same token, the US government really always tends to nudge all markets into being dominated by a few big actors, whether "legal" or "gray" or "shadow" - be they milk producers or drug traffickers. They want to minimize the number of PayPals on the market, and the number of major drug players.

At some point it apparently came to pass that formal informant deals with favored cartels would also be inked -- the Sinaloa cartel even officially promoted as the proper dominator of certain "plazas" in public relations items. Because no one really cares about war on drugs policy -- it's not like this horrible policy affects the level of gun violence in North America -- nothing ever gets done about this at the federal level.

It's beginning to finally dawn on people that the secretive Federal Reserve System wire transfer networks - casually known as Fedline & Fedwire -- must somehow be involved [noted in Oct 2010], and I have never seen a single person even bother to claim to the contrary. The banking wire transfer systems are inextricably part of the "protected" drug money laundering system which is "protected" in the same formal way as at least some of these Sinaloa crucial informant thugs. Let's see if state police can pry into the Fed. LOL!!

So anyway, we have hard proof of it in court that Jesus Vicente Zambada-Niebla's attorney was in fact an informant operated expressly to pull intel from Sinaloa into the US government.

The questions: how much the "kingpin" deserves cover from that, especially since he was moving along Fast & Furious guns to waste other cartels & assorted innocent people? How many documents showing underlying protected illegal relationships will the judge force into the public record? How much 'controlled demolition' will the public tolerate in this relatively obscure case?

This gets a nice update from Abby Martin & Andrew Kennis: Next Big DEA Scandal | Interview with Andrew Kennis - YouTube

PREVIOUSLY (about halfway down many details): ECHELON GCSB military surveillance vs New Zealand & Kim Dotcom; IRC logs on Anonymous false flag attacks viewed anew; Barrett Brown setup via #OpCartel | HongPong.com [Oct 22 2012]

All of this insane crap is directly related to the formal FBI informant illegal operations system which gets exposed in tiny nibbles, for a little more documentation on illegal ops see recently The New 21st Century COINTELPRO Mobius Strip: Undisclosed Participation, "OTHERWISE ILLEGAL ACTIVITY," Federal & State Informants, drug ops auditing in MN [Jan 31 2012]. Unfortunately the DEA's habit of giving traffickers informant status means that more nasty drugs easily find their way into Minnesota from handled/protected figures in Chicago. Thanks so much, Federal Government!

LINX: Cartel Member Says Fast And Furious Aimed To Supply Guns To Sinaloa Cartel - Business Insider (Aug 10 2012)

Mexican Official Accuses CIA Of 'Managing' Not 'Fighting' The Drug Trade - Business Insider (July 24 2012)

One batch of Zambada Court files: http://narcosphere.narconews.com/userfiles/70/Pleadings.Sinaloa.Zambada.pdf

More recent Narcosphere items - not a bad place to start: Big Media Discovers US Special Ops are Targeting Mexican Crime Organizations | the narcosphere [January 21 2013]

Fast and Furious Blurs the Line Between Cops and Crooks | the narcosphere [Bill Conroy Jan 6 2013]

Banks Are "Where the Money Is" In The Drug War | the narcosphere [Bill Conroy Dec 1 2012]

Background from Narcosphere: US Government Informant Helped Sinaloa Narcos Stay Out of Jail | the narcosphere [Bill Conroy Aug 7 2011]

US Prosecutors Fear Jailbreak Plot by Sinaloa “Cartel” Leader Zambada Niebla | the narcosphere [Bill Conroy Sept 17 2011]

US Government Accused of Seeking to Conceal Deal Cut With Sinaloa “Cartel” | the narcosphere [Bill Conroy Oct 1 2011]

Zambada Niebla Case Exposes US Drug War Quid Pro Quo | the narcosphere [Bill Conroy Dec 10 2011]

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Further background: 'El Chapo' Guzmán, Mexico's Most Powerful Drug Lord - Newsweek and The Daily Beast

Lolzy fake letter of love: Mexican Drug Cartels Thank Obama for Gun Control Push - BlackListedNews.com

Why Americans Must End America’s Self-Generating Wars | Global Research [Peter Dale Scott - Aug 30 2012]

America’s Secret Deal with the Mexican Drug Cartels | Global Research [Tom Burghardt Sept 3 2012] - MORE: Antifascist Calling...

Top enforcement agencies don't track crimes by informants [USA TODAY Oct 7 2012]

Narco News: US, Mexican Officials Brokering Deals with Drug “Cartels,” WikiLeaks Documents Show

Narco News: Funcionarios mexicanos y de EEUU negocian con "cárteles" de droga, según documentos de WikiLeaks

Mexican Special Forces Employed as Death Squads in Drug War, Email Records Released by WikiLeaks Reveal | the narcosphere

SIGNALING SYSTEM USG <-> CARTELS: http://wikileaks.org/gifiles/docs/1747720_re-fwd-re-fw-from-mx1-2-.html - FAKEDRUGWARSIGINT is the lulziest form of SIGINT, who can deny??

The whole thing is such a spectacular sham it really calls into question whether federal prosecutors, informants, drug laws and the rest of the charade should even exist in the first place. It is truly a massive stage of fakeness, and frankly none of these people deserve to have any influence over the level of drugs available in society.

Not that drugs are harmless, clearly they all have some negative qualities, but clearly this entire schema is hosed well beyond the point of no return, and can only produce more violence and chemical dependency as it drags us all into hell. There are of course countless rabbit holes involving drug trafficking links with 'deep events' like the CIA, Iran-Contra, 9/11, the Taliban & al-Qaeda etc and I'm not going to get into that much here, though plenty of Iran-Contra related background fills the history of links above. Also as linked here what is the role of NORTHCOM anyway?

Statecraft Horrorshow! Wikileaks State Department Leakin Loose Top Sekrits PKK US sponsoring of terrorism to moaning about the French, what's next?

Ahk a quick link dump here. Wikileaks is expected to drop the big diplomatic cables starting with Der Spiegel . There's a new Wikileaks blog out there - Assange talked to some Arab reporters over videochat so apparently the fuzz hasn't gotten him yet. 2010-11-28: ARIJ Conference | WL Central . Livebloggin from teh france too ..

Maybe all launches here around 2200 GermanyTime? International - SPIEGEL ONLINE - Nachrichten

Wikileaks: The gathering storm - leaks leave US with few friends - Scotsman.com News

WikiLeaks And Its Brave New World - Radio Free Europe / Radio Liberty © 2010 - from the CIA

IB Times to publish papers on global corruption - nice framing :)

McClatchy - Diplomats bracing!

j|turn » Next Up: The “War on Journalism”? - crackdown time, you know they are seizing domains these days! RawStory - Homeland Security

For more info see RapGodfather.com! Watch out all yr DNS belong to Homeland Security New IPR Rap Forum Fusion Center! I gotta throw this in:

thugnificent-rapgodfather.jpg

It looks like PKK Turkish /Kurdish militants going to get spilled out. The long running Ergenekon Deep State Network and the likes of corrupt ex-State operative Marc Grossman exposed in all their perfidy? We could hope... But how many hilarious new drug conspiracies?

Australian - http://www.theaustralian.com.au/news/world/wikileaks-breaking-us-laws-over-documents-state-department-tells-julian-assange/story-e6frg6so-1225962292953?from=public_rss

BBC cautious nibbles

The UK D-Notice is a show all its own! Statecraft Horrorshow! Guido Fawkes blog with DNotice Email is Hilarious!

Sunday Telegraph UK Floats this Theory:

The Sunday Telegraph has learnt that the first tranche of documents, to be published in full tomorrow after an initial release tonight, are expected to feature "lively commentaries" by US diplomats on world leaders, including Nelson Mandela, Robert Mugabe, the Zimbabwean president, Hamid Karzai, the president of Afghanistan, and Libya's Colonel Muammar Gaddafi of Libya.

Coalition sources say Tuesday's haul will deal with North and South Korea, as well as Guantánamo Bay, while Wednesday's tranche will include comments on Pakistan and counter-piracy operations in Djibouti.

Thursday will see attention focus on the Canadians and their "inferiority complex" while corruption allegations in Afghanistan will be under the spotlight on Friday. Saturday will cover Yemen while next Sunday will see the focus shift to China.

Video: Alex Jones vs. Wikileaks. Why does Alex Jones attack Wikileaks? : conspiracy

MORE FUN STUFF for the moment....


Mish's Global Economic Trend Analysis: To Ireland With Love

Many countries researching Killer Robots.

Federal False Flag Somali Bombing "attempt" in Portland: Another great moment in synthetic terrorism NY Times official narrative.   / Feds: Sting snares man planning to bomb tree-lighting ceremony | KATU.com / YouTube - "F.B.I. Cultivated Him For 18 Months" //

PAREvolution.com has the goods from the Pennsylvania Security bulletin data. file = here // Ruffalo on terror watch list | Celebrities | Entertainment | Toronto Sun

lol pitchfork media

why not buy a mac?

Silence Jesse FeMACamp episode? Jesse Ventura’s “Police State” Episode featuring Alex Jones and “We Are Change” Edited out of existence at truTV | We Are Change / forum

Revolutionary Politics::Revolutionary Politics : BP oil spill incident commander dies in small plane crash in FL - More children from Gulf with health problems — “Big, gaping wounds all over feet and inside of elbows” (VIDEO) | Florida Oil Spill Law

A Double POMO Fed Quantitative Ceremonial Magic is scheduled too!

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As for this messy post, sorry - Data Dumps: The Bane of E-Discovery — Slaw :-D .... Let the Cables Begin!

British Lord James of Blackheath sez "Foundation X" has unfathomable amounts of bullion-backed currency, wants to bail out UK; X = OITC?

For the past 20 weeks I have been engaged in a very strange dialogue with the two noble Lords, in the course of which I have been trying to bring to their attention the willing availability of a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it foundation X. That is not its real name, but it will do for the moment. Foundation X was introduced to me 20 weeks ago last week by an eminent City firm, which is FSA controlled. Its chairman came to me and said, "We have this extraordinary request to assist in a major financial reconstruction. It is megabucks, but we need your help to assist us in understanding whether this business is legitimate". I had the biggest put down of my life from my noble friend Lord Strathclyde when I told him this story. He said, "Why you? You're not important enough to have the answer to a question like that". He is quite right, I am not important enough, but the answer to the next question was, "You haven't got the experience for it". Yes I do. I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money.
Baroness Hollis of Heigham: Where did it go to?
Lord James of Blackheath: Not into my pocket. My biggest terrorist client was the IRA and I am pleased to say that I managed to write off more than £1 billion of its money. I have also had extensive connections with north African terrorists, but that was of a far nastier nature, and I do not want to talk about that because it is still a security issue. I hasten to add that it is no good getting the police in, because I shall immediately call the Bank of England as my defence witness, given that it put me in to deal with these problems.

This is just fantastic... From the British Lord James of Blackheath, an old skewl banker, one of the best British conspiracy tales in quite some time!! I put it below the fold, this is uncut, unedited. The first part about excess commercial capacity is also true, but the turn into a bizarre thing about drugs, the Vatican's gold hoard, and mostly about how a mysterious Foundation X is trying to bail out Britain. There is nothing quite like a classic British banking conspiracy thing, and this is definitely the best in quite some times. Already Most Popular on Internets. Huge hat tip to Cryptogon and Antipope - official source is the Lord Hansards Text (compleat log of britishgovernments) . 

Quick Update - it could be something called the Office of International Treasury Control - their official website is offline but I saw it a while ago. Truly a strange hoax or something with those guys. Pretty good possible explanation here. [or it is a hoax wrapped around a secret reality :-] OITC was I think on the radar screen of the late Christopher Story - for a strange angle of bits see the site FourWinds10.net and some enemy of Story's named 'Casper' going on. But I think it was thru this general area I heard of OITC before.

Update Nov4 7PM: Blackheath now sez X is not OITC - see the story on ZDNET for more

A mysterious organisation that claims to have billions of pounds to invest in the UK economy is not an attempted scam, according to a peer with extensive City experience.

Lord James of Blackheath told ZDNet UK on Thursday that the organisation, which Lord James has dubbed 'Foundation X', to his knowledge is a viable organisation.

"I'm convinced it's bona fide," said James. "I've been working on this case for five months, and I've not found a single reason [to think otherwise]."

Blogger Hopi Sen suggested in a blog post on Wednesday that the mysterious organisation could be the "United Nations Office of International Treasury Control" (UNOITC), which claims to be a sovereign entity formed after the Second World War.

James told ZDNet UK that he had not been approached by the UNOITC, and that there were no links between Foundation X and UNOITC.

James, who was a respected troubleshooter in the City, made a speech to Parliament on Monday. James said that a mysterious organisation was willing to put £5bn into the UK economy, plus an extra £17bn for hospitals, schools, and Crossrail, with no strings attached.

"The problem is, the government has not carried through the checks that I want them to do and open up lines of enquiry," James told ZDNet UK.

James also said in Parliament that he had been appointed by the Bank of England to "deal with problems" caused by the laundering of terrorist money.

"I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City," James said in Parliament. "I have handled billions of pounds of terrorist money. My biggest terrorist client was the IRA and I am pleased to say that I managed to write off more than £1bn of its money. I have also had extensive connections with north African terrorists, but that was of a far nastier nature, and I do not want to talk about that because it is still a security issue."

James told ZDNet UK on Thursday that he had been brought into five companies between 1989 and 1997/98 at the direction of the Bank of England. James was to run the companies down, as they had been identified as conduits for IRA funds.

"The IRA had five companies completely ruined," said James. "They had built the companies up as pensions funds."

James' express instructions were to run the companies down and liquidise the assets, he said. "I'm a money washer, not a money launderer," said James.

FedWire and Wachovia / Wells Fargo = Pipeline for protected money laundering sez BCCI investigator Mazur

"It would be important for this task force to have access to records of the Federal Reserve and the central banks of cooperating nations to find out which financial institutions are depositing large amounts of American dollars. (If investigators had had such access years ago, it would have been easy for them to see the billions in currency that Wachovia was shipping from Mexico.) By getting access to wire systems operated by the Fed and the Society for Worldwide Interbank Financial Telecommunication, investigators could also identify and track the accounts for which banks convert cash into wire transfers. Here again, the information should be added to the database. Eventually, all this collected data could reveal a pattern of activity that would point to dirty bankers and businessmen."

plz forgive this allcaps moment: ^^ A CLEAR ENOUGH EXPLANATION WHY EVERYTHING IS A SCAM &/OR FARCE?!

Great post back on Sept 12 in NYT - Really excellent stuff that should not be ignored... speaks to the federal corrupt system at many levels. It boggles my imagination to consider the level of criminal indifference required to hide this all these years. See earlier - Barclays Bank criminal banking operations.

Robert Mazur, a former federal agent, is the author of “The Infiltrator,” a memoir about his undercover life as a money launderer. He is the president of a private investigative agency.

Follow the Dirty Money By ROBERT MAZUR

Published: September 12, 2010

LAST month, a federal district judge approved a deal to allow Barclays, the British bank, to pay a $298 million fine for conducting transactions with Cuba, Iran, Libya, Myanmar and Sudan in violation of United States trade sanctions. Barclays was discovered to have systematically disguised the movement of hundreds of millions of dollars through wire transfers that were stripped of the critical information required by law that would have enabled the world to know that for more than 10 years the bank was moving huge sums of money for enemy governments. Yet all federal prosecutors wanted to settle the problem was a small piece of the action.

When Judge Emmet Sullivan of federal district court in Washington, who ultimately approved the deal with Barclays, asked the obvious question, “Why isn’t the government getting rough with these banks?” the remarkable response was that the government had investigated but couldn’t find anyone responsible.

How preposterous. Banks can commit crimes only through the acts of their employees. Federal law enforcement agencies are simply failing to systematically gather the intelligence they need to effectively monitor the crime.

The Barclays deal was just one in a long line of wrist slaps that big banks have recently received from the United States. Last May, when ABN Amro Bank (now largely part of the Royal Bank of Scotland) was caught funneling money for the benefit of Iran, Libya and Sudan, it was fined $500 million, and no one went to jail. Last December, Credit Suisse Group agreed to pay a $536 million fine for doing the same. In recent years, Union Bank of California, American Express Bank International, BankAtlantic and Wachovia have all been caught moving huge sums of drug money, but no one went to jail. The banks just admitted to criminal conduct and paid the government a cut of their profits.

Wachovia alone had moved more than $400 billion for account holders in Mexico, $14 billion of which was in bulk currency that had been driven in armored cars or flown to the United States. Just who in Mexico did anyone think had that kind of cash? Of course, the government did a thorough investigation but could find no individuals responsible.

Bankers are escaping prosecution because law enforcement is failing to expose the evidence that some bankers market dirty money. Years after the transactions occur, any effort to prove what was known at the time is practically impossible. The bankers simply say they didn’t know where the money came from. Naturally, prosecutors look for ways to get around trying to prosecute those sorts of cases, and instead make deals.

It should be up to law enforcement agencies to bring prosecutors solid proof of what the bankers knew and said at the time they knowingly handled ill-gotten money. This is not difficult, only time-consuming.

In the 1990s, while I was a federal agent working to gather evidence against Colombian drug cartels, I spent a year and a half building a sophisticated undercover identity as a money launderer, with the help of a half-dozen informants and concerned citizens. Then, for the next two and a half years, I infiltrated the highest levels of one cartel and began dealing with their banking contacts. I recorded hundreds of conversations behind boardroom doors with sophisticated international bankers.

They readily gave me access to all the tools of their trade, starting with lawyers who knew how to create offshore corporations for crooks in places like Panama, Hong Kong, the British Virgin Islands and Gibraltar. The bankers also provided secret safe deposit boxes abroad, and arranged for currency to be shipped in safes to places like Dubai and Abu Dhabi, where large cash deposits are not recorded. My money could then be repatriated to the United States disguised as offshore loans. Account details were whispered in secret meetings so that paper never crossed borders. And any records sought by any government could simply be destroyed.

The evidence I gathered led, in the early 1990s, to the demise of the Bank of Credit and Commerce International, the seventh largest privately held bank in the world, and Capcom, a multinational commodities trading company. More important, it put a slew of bankers behind bars and got their tongues wagging, so much so that we learned where Manuel Noriega, the former Panamanian general, had hidden his fortune in payoffs from Colombian cartel leaders.

Revenues from global drug trafficking — estimated to add up to more than $400 billion a year — are just one small component of the money, known as flight capital, that criminals try to hide from governments. This capital also includes proceeds from things like tax evasion, trade with countries under sanctions and arms dealing. It’s big business. The desire to have a share in this business has led the private client divisions of many international banks to develop sophisticated skills to avoid scrutiny from regulators.

Tracking and confiscating the fortunes of terrorist organizations, drug cartels and organized criminals is important for national security, and yet no single federal law enforcement agency systematically investigates the international bankers and businessmen who launder this money. What’s needed is a small but elite multi-agency task force, including representatives of the intelligence community and accomplished members of law enforcement agencies from other nations, that could identify the institutions and businesses that handle the bulk of the dirty money flowing around the globe. A task force numbering 100 people or less, at least initially, could compile a database containing detailed information about bad banks and money launderers.

Some of this data could be culled from the various law enforcement agencies’ existing files. But investigators should also debrief the hundreds of high-level criminals now being held in our prisons to get detailed information about their allies in the banking and business community.

The task force should also try to identify every asset used by major criminal and terrorist organizations. If one of them buys a million-dollar airplane, for example, investigators should find out where the money to buy it came from. All this information should be kept in the same database.

It would be important for this task force to have access to records of the Federal Reserve and the central banks of cooperating nations to find out which financial institutions are depositing large amounts of American dollars. (If investigators had had such access years ago, it would have been easy for them to see the billions in currency that Wachovia was shipping from Mexico.) By getting access to wire systems operated by the Fed and the Society for Worldwide Interbank Financial Telecommunication, investigators could also identify and track the accounts for which banks convert cash into wire transfers. Here again, the information should be added to the database. Eventually, all this collected data could reveal a pattern of activity that would point to dirty bankers and businessmen.

To make use of this intelligence, undercover agents from around the world should be trained and equipped with the tools needed to infiltrate the banking and business community. Working with the information in the database, they could inflict a devastating blow to the fortunes of the underworld and its money launderers. Finally, the government would be able to prosecute the people personally responsible for laundering billions of dollars worth of criminal profits.

Barclays Bank: The design of criminal banking operations costs some nickles

Meanwhile - Banks Financing Mexico Gangs Admitted in Wells Fargo Deal - Bloomberg....

Crossposted - Barclays Bank Forfeits $298 Million for Aiding Rogue Nations

18 August 2010

Court filings: http://cryptome.org/0002/barclays/usa-v-barclays.htm

Barclays Bank Forfeits $298 Million for Aiding Rogue Nations

http://www.justice.gov/opa/pr/2010/August/10-crm-933.html

Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASE

Wednesday, August 18, 2010

Barclays Bank PLC Agrees to Forfeit $298 Million in Connection with Violations of the International Emergency Economic Powers Act and the Trading with the Enemy Act

WASHINGTON – Barclays Bank PLC, a United Kingdom corporation headquartered in London, has agreed to forfeit $298 million to the United States and to the New York County District Attorney’s Office in connection with violations of the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and District Attorney Cyrus R. Vance Jr., of the New York County District Attorney’s Office. The violations relate to transactions Barclays illegally conducted on behalf of customers from Cuba, Iran, Sudan and other countries sanctioned in programs administered by the Office of Foreign Assets Control (OFAC).

A criminal information was filed Aug. 16, 2010, in the U.S. District Court for the District of Columbia charging Barclays with one count of violating the IEEPA and one count of violating the TWEA. Barclays waived indictment, agreed to the filing of the information, and has accepted and acknowledged responsibility for its criminal conduct. Barclays agreed to forfeit the funds as part of the deferred prosecution agreements reached with the Department of Justice and the New York County District Attorney’s Office. The deferred prosecution agreement was approved today by U.S. District Court Judge Emmet G. Sullivan.

"Banks like Barclays will not be permitted to disregard sanctions put in place by the U.S. government," said Assistant Attorney General Lanny A. Breuer of the Criminal Division. "Not just once, but numerous times over more than a decade, Barclays stripped vital information out of payment messages that would have alerted U.S. financial institutions about the true origins of the funds.  This serious conduct has now resulted in a serious sanction – forfeiture of $298 million, a public admission of its illegal acts, and the implementation of stringent compliance measures. As I’ve said repeatedly, when corporations self-disclose their criminal wrongdoing to us, as Barclays did, they will not get a pass, but we will take their disclosure, cooperation and remedial efforts into consideration."

"Criminal activity of the type we found at Barclays does more than deceive our financial institutions, it threatens the security of our country," said District Attorney Cyrus R. Vance Jr. "The Manhattan District Attorney’s Office has been a leader in these investigations, and I am committed to continuing our work with federal law enforcement agencies in this arena."

"Barclays implemented practices designed to evade U.S. sanctions for the benefit of sanctioned countries and persons," said OFAC Director Adam J. Szubin. "The substantial economic benefit to sanctioned parties and the systemic nature of the apparent violations could have resulted in a much more onerous OFAC fine had Barclays not voluntarily self-disclosed and had it not cooperated with OFAC throughout the investigation. This is the first settlement of this magnitude where OFAC determined that all of the apparent violations were voluntarily self-disclosed by the bank."

Under IEEPA and TWEA, it is a crime to willfully violate, or attempt to violate, any regulation issued under the act, including those related to Cuba, Iran, Libya, Sudan and Burma. The IEEPA and TWEA regulations are administered by OFAC.

According to court documents, from as early as the mid-1990s until September 2006, Barclays knowingly and willfully moved or permitted to be moved hundreds of millions of dollars through the U.S. financial system on behalf of banks from Cuba, Iran, Libya, Sudan and Burma, and persons listed as parties or jurisdictions sanctioned by OFAC in violation of U.S. economic sanctions.

According to court documents, Barclays followed instructions, principally from banks in Cuba, Iran, Libya, Sudan and Burma, not to mention their names in U.S. dollar payment messages sent to Barclays’ branch in New York and to other financial institutions located in the United States. Barclays routed U.S. dollar payments through an internal Barclays account to hide the payments’ connection to OFAC-sanctioned entities and amended and reformatted the U.S dollar payment messages to remove information identifying the sanctioned entities. Barclays also deliberately used a less transparent method of payment messages, known as cover payments, as another way of hiding the sanctioned entities identifying information.

Heads Up to Quigley's Apex: Bank of International Settlements (Former Nazi Bank) developing Gold/SDR global fractional reserve currency with IMF, Federal Reserve

From the shadier side of Switzerland comes the bank where the Nazis put plenty of dental gold they pillaged... Now with another gold-related operation for the 21st Century!

cbp01.jpg

One of the shadiest institutions in the world, the obscure Bank of International Settlements, was initially set up in 1930 to handle Germany's reparation payments after World War I, and like so many other geopolitical disasters it got rolling in the Treaty of Versailles.

As the Nazis began to operate, they used it to launder gold, under the leadership of Nazi Ministers of Economics Hjalmar Schacht and Walther Funk. Soon enough the national gold treasury of Czechoslovakia got thrown into a BIS-controlled vault. Your IG Farbens, Harriman Brothers, etc., major Allied and Axis industrialists and financiers crossed financial operations here -- and it was always partially owned by the Federal Reserve Bank.

In a complex scheme involving Keynes and the other players of the time, tragically BIS wasn't dissolved after World War II, and instead became a central venue for central bankers to meet and operate, kind of a banker counterpart to the G7, G10 or G20.

Since then, many German globalist schemes have unfolded. From the geopolitics of the German-centered EU to the new European Central Bank (ECB), these institutions have grown a lot since World War II.

The BIS has cruised along in a unique geopolitical track. At some point the BI somehow "sold itself" to other major central banks, and more recently acquired a very large amount of gold. Generally not in the news, the BIS discreetly announced recently it was trading for 346 tons of gold from some mysterious buyer, perhaps from the sad government of Portugal.

The BIS operated in tandem with the International Monetary Fund (founded 1947), which itself is developing a new meta-currency called Special Drawing Rights or SDRs. IMF FactSheet on SDRs:

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to SDR 204.1 billion (equivalent to about $ 321 billion).

The role of the SDR

The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.

However, only a few years later, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs.

The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR, serves as the unit of account of the IMF and some other international organizations.

 

Basket of currencies determines the value of the SDR

The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies, today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-value of the SDR is posted daily on the IMF's website. It is calculated as the sum of specific amounts of the four currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.


Here is the price chart of the last few days currencies / SDRs.

Picture 103.png

The IMF is trying to extend the use of SDRs as a base for new credit instruments. However what does the IMF have backing it up, compared to states (and their capturable revenue/taxation streams?)

 

aeschenplatz03.jpg

If the BIS and the IMF made a mishmash of SDR and gold loans, or perhaps issue partially gold-backed SDRs, then they can create a global fractional reserve currency. Since this currency would be based on both gold and the major currencies, perhaps China and Russia would be happy with it.

The Federal Reserve System, in its role as the apocalyptic doom bringer, is of course helping make sure that everyone will easily be able to dump their dollars for quasi-gold SDRs. Global trade will leave America behind with a finally shattered currency, Fed as the final executioner, finally ending the dollar's role as the global "reserve currency".

Then the Bank of International Settlements reigns supreme as the lodestone of a whole new reich of geopolitik, able to centrally tweak the availability of credit in order to whipsaw the general public out of all their wealth.

But that's just a riff on some funny story I read on the notable anti-corruption & smack talkin site Zero Hedge...gold swap 4_0.jpg

Gold Swap Signals the Roadmap Ahead by Gordon T Long of Tipping Points. Let's take a dive & borrow his awesome flowchartz:

 

What we are seeing is the emergence of another funding structure based on the SDR - SDR’s that have a degree of gold backing.

The BIS now has a total of 12.4% of its deposits (32B SDR) in the form gold deposits. Note #11 to the BIS financial statements states: “Gold deposits placed with the Bank originate entirely from Central Banks. They are all designated as financial liabilities measured as amortized cost”.

ARE WE SETTING THE PINS UP FOR AN ALTERNATIVE RESERVE CURRENCY?

Are we moving towards the BIS and IMF being fractional reserve banks that will create money & credit - a reserve currency that will satisfy Russia and China with an element of Gold backing? A bank such as the BIS could easily assume this role (if it hasn’t already) as could the IMF with possible banking charter adjustments.

The chances are high that this is the roadmap we will find ourselves taking. Like all banking that started as Gold backed you could expect that in this case the little gold backing that starts the process is quickly diminished so a limitless money machine could begin functioning. The gold backing would likely be an initial requirement by Russia and China. The partial gold backing would lend credibility to the acceptance and a possible reserve currency alternative and eventual establishment as the global reserve currency.

[........]

Ben Davies the CEO of Hinde Capital in London and a player in the gold market suspects (12:40) we may have a modified form of swap emerging. There is the possibility that the commercial bank is in fact a major gold bullion bank. Some of the bullion banks have major short positions on gold that far outstrip the annual physical production of gold. The disconnect between physical and paper gold along with rising gold prices is likely causing serious strains on their balance sheet. As Davies points out the gold may be transacted from a central bank to the BIS through a bullion bank while the gold physically remains with the originating central bank; is classified as ‘unallocated’ at the BIS but in fact remains on the books of the bullion bank. It effectively is double accounted for. The increase in gold would allow gold prices to be pushed lower, which in fact is what has been happening. A careful reading of the BIS financial statements shows more clearly the accounting for such a transaction.

There can be little doubt that the Gold Swap is with a central bank where the physical gold remains. The transaction isconsidered a deposit at the BIS (liability) but has been lent to a commercial bank (likely a bullion bank) as a loan (asset). The question is only why a bullion bank needs to borrow this quantity of gold, remembering it never gets the physical gold because it remains at the originating central bank. The reader is encouraged to read the Financial Policy notes #4,5, 6, 13, 14, 15, 16, 17 and 19 within the BIS Financial Statement for a clearer understanding along with Notes to the Financial Statements #4 and #11.


The BIS is known as the central bank to the central bankers.
The BIS may equally be referred to as the Central Gold Bullion Bank to the Gold Bullion Banks.


The March 31 2010 Financial Statement of the BIS shows 43.0B SDR’s of gold or 16.6% of total assets. According to note #4 to the BIS Financial Statements: “ Included in ’Gold bars held at central banks” is SDR 8,160.1 million (346 tonnes) (2009: nil) of gold, which the Bank held in connection with gold swap operations, under which the Bank exchanges currencies for physical gold. The Bank has an obligation to return the gold at the end of the contract.” It is very important to appreciate this note is pertaining specifically to BIS ‘assets’ which in the case of banks are what the reader would consider ‘loans’. Under Financial Policy notes #5 to the Financial Statement the BIS is clear that under banking portfolios “all gold financial assets in these portfolios are designated as loans and receivables”. Separately, but very interestingly the BIS additionally states “ the remainder of the Banks equity is held in gold. The Bank’s own gold holdings are designated as available for sale”.  

SPECIAL DRAWING RIGHT (SDR)

If problems get worse for Portugal, as possibly the global economic climate worsens, then the gold may never legally belong to Portugal. The contracted swap terms at some point may simply reclassify it a net zero sale, if Portugal fails to return the cash portion of the swap. The BIS would have 346 tonnes of gold and Portugal the $14B of Euros it has long since spent to solve a 2010 problem. By then Portugal likely would need even more loans in whatever currency would replace a crumpling or possibly extinct Euro.

Up until 2004 the BIS denominated its financial statements in Gold Francs. It now has made a major shift to denominating itself into Special Drawing Rights (SDRs). The calculation is exactly the same as used for the IMF. The SDR is operating as a defacto currency.

[............]

Gold Swap 7- Shadow 2.jpg

HOW MUCH LEVERAGE WILL THE CENTRAL BANKER CHOOSE TO COMPOUND? => “x” times “y”

[.......]

 

CONCLUSION
The advantage of this approach is:

  1. Leverage: Compounding money creation between banks
  2. Partial gold backing: Present BIS levels of 12.4%
  3. SDR: Offers a basket of currencies approach versus a single currency dependency.
  4. Former Communist bloc regime backing: China and Russia would likely support this approach for a number of reasons, which they have already expressed as short comings to the current global reserve situation.
  5. Reserve Currency: The SDR approach offers a migration path from today’s US$ reserve currency to an alternative bank reserve currency to a future global reserve currency.

*****

Well that's pretty serious, eh comrades? We paid Ben Bernanke a salary (sort of) as someone who's supposed to steward America's economy, not give the Germans and others a "migration path" away from the US as global reserve currency. What the hell are these people doing?! And when did this BIS emerge as a Key Component of the plan?

Someone warned us a solid 44 years ago. What did that grizzled chronicler of Anglo-American power relations, Carroll Quigley, a firm believer in Cecil Rhodes & the Roundtable Group, describe in 1966 with Tragedy & Hope: A History of the World in Our Time?

Pg. 324: the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.

This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.

Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.

..... This book is too good. Wandering off from BIS, for a moment, Quigley's giving us a clear view of Wall Street's Control of the American Left via Gatekeepers & Foundations, it also makes fun of The New Republic later on as well so let's include :)

The significant influence of "Wall Street" (meaning Morgan) both in the Ivy League and in Washington, in the period of sixty or more years following 1880, explains the constant interchange between the Ivy League and the Federal government, an interchange which undoubtedly aroused a good deal of resentment in less-favored circles, who were more than satiated with the accents, tweeds, and High Episcopal Anglophilia of these peoples

Pg. 938: Because of its dominant position in Wall Street, the Morgan firm came also to dominate other Wal1 Street powers, such as Carnegie, Whitney, Vanderbilt, Brown-Harriman, or Dillon-Reed. Close alliances were made with Rockefeller, Mellon, and Duke interests but not nearly so intimate ones with the great industrial powers like du Pont and Ford. [Because] ... of the great influence of this "Wall Street" alignment, an influence great enough to merit the name of the "American Establishment," this group could ... control the Federal government and, in consequence, had to adjust to a good many government actions ... [which they had secretly supported ]. The chief of these were in taxation law, beginning with the graduated income tax in 1913, but culminating, above all else, in the inheritance tax. These tax laws drove the great private fortunes dominated by Wall Street into tax-exempt foundations, which became a major link in the Establishment network between Wall Street, the Ivy League, and the Federal government.

More than fifty years ago the Morgan firm decided to infiltrate the Left-wing political movements in the United States. This was relatively easy to do, since these groups were starved for funds and eager for a voice to reach the people. Wall Street supplied both. The purpose was not to destroy ... or take over but was really threefold: (1) to keep informed about the thinking of Left-wing or liberal groups; (2) to provide them with a mouthpiece so that they could "blow off steam," and (3) to have a final veto on their publicity and possibly on their actions, if they ever went "radical." There was nothing really new about this decision, since other financiers had talked about it and even attempted it earlier.

Pg. 939: The New Republic was founded by Willard and Dorothy Straight, using her money, in 1914, and continued to be supported by her financial contributions until March 23, 1953. The original purpose for establishing the paper was to provide an outlet for the progressive Left and to guide it quietly in an Anglophile direction. This latter task was entrusted to a young man, only four years out of Harvard, but already a member of the mysterious Round Table group, which has played a major role in directing England's foreign policy since its formal establishment in 1909. This new recruit, Walter Lippmann, has been, from 1914 to the present, the authentic spokesman in American journalism for the Establishments on both sides of the Atlantic in international affairs.

Pg. 950: There does exist, and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the ... Right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960's, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies (notably to its belief that England was an Atlantic rather than a European Power and must be allied, or even federated, with the United States and must remain isolated from Europe), but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.

Full: Carroll Quigley - Tragedy and Hope: A History of The World in Our Time. QuigleyWiki .

More fun notes on BIS from Bilderberg.org.

Lately I've found this site to be fairly awesome: Institute for the Study of Globalization and Covert Politics includes the post-1960s permutations of the Anglo establishment, including the Pilgrims Society, the truly amusing World Wildlife Fund 1001 Nature Trust / Club, and Le Cercle, all of which feature similar styles of operation to BIS type globalist schemerz....

******

Anyway as usual getting drawn far afield. There are any number of other sources about BIS, IMF and SDRs, but people in general have never heard of SDRs. Better get wise before these children of Schacht develop their fractional global gold SDR and use the Federal Reserve to wipe out America's wealth. Don't say Quigley and I didn't warn ya!

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