In the below video, our Managing Director JS Kim discusses the chaos in forex markets caused by Swiss central bankers breaking their promise to keep the Swiss Franc pegged to the Euro at 1.20 and the subsequent affects on gold and silver markets.
In the below video, our Managing Director JS Kim discusses the chaos in forex markets caused by Swiss central bankers breaking their promise to keep the Swiss Franc pegged to the Euro at 1.20 and the subsequent affects on gold and silver markets.
Below is a video in which our Managing Director discusses the significant global financial events in 2014 regarding gold, silver and the global banking industry. 2015 is setting up to be one filled with black swans and financial earthquakes.
Bank CEOs are the New Drug Lords. Here is a list of some of the banks managed by Bank CEOs, aka the new Drug Lords, that were fined billions of dollars for fixing LIBOR rates and stealing money from clients: Lloyds Bank, RP Martin, Barclays, Deutsche Bank, Royal Bank of Scotland, Société Générale, JP Morgan, Citigroup, Barclays, United Bank of Switzerland and Rabobank. Here is a list of some of the banks in which the Bank Lords fixed FX rates and are currently negotiating fine amounts with the UK Financial Conduct Authority (FCA): Citigroup, HSBC, Royal Bank of Scotland, Barclays, JP Morgan and United Bank of Switzerland. HSBC had to pay nearly $2B in fines after its Bank CEO was allegedly caught overseeing the laundering of $7B in drug money for the notoriously violent and ruthless Sinaloa drug cartel among other Mexican drug cartels and committing a wide array of other crimes like laundering $290MM from Russian mobsters that told HSBC bankers that their vast profits came from a “used car business”. I say “allegedly caught”, because every time this happens, the bank CEO, in this case, HSBC CEO Stuart Gulliver, inevitably denies ever knowing that the cartel he was overseeing was laundering dirty blood money. The Bank Lords issue these ridiculous denials despite the fact that every independent investigator not on a Bank’s payroll that investigates banks’ money laundering schemes arrive at the same conclusion as Jose Luis Marmolejo, the former head of the Mexican attorney general’s financial crimes unit: “[The money laundering] went on too long and [the bank CEOS] made too much money not to have known.” And what about HSBC’s $2B assessed fine for laundering this blood money? In response to meaningless fines like this that never change banker behavior, Martin Woods, former senior anti-money laundering officer at Wachovia bank, implored, “What does the settlement do to fight the cartels? Nothing – it doesn’t make the job of law enforcement easier and it encourages the cartels and anyone who wants to make money by laundering their blood dollars. Where’s the risk? There is none.“ That is why HSBC is not the only cartel that houses bankers who have been caught laundering blood money in recent years. Wachovia Bank, Citigroup, Banco Santander, and Bank of America bankers have all been caught leading their banks in participation of this dirty deed as well. According to Paul Campo, head of the U.S. Drug Enforcement Administration’s financial crimes unit, drug traffickers used Bank of America to finance their drug smuggling operations for 10 tons of cocaine and laundered drug money through Bank of America accounts in Atlanta, GA, Chicago, IL, and Brownsville, TX from 2002 to 2009.
So how do Bank Lords get away with their dirty deeds scot-free? This month, explosive evidence contained in 47.5 hours of secret recordings from Goldman Sachs whistleblower and former New York Federal Reserve employee Carmen Segarra provides the answers we already knew. Bank Lords have been buying off judges and regulators after already buying off cops (JP Morgan CEO Jamie Dimon “Gifts” Largest Donation Ever to NYPD of $4.6MM). When Fed regulators asked Segarra to alter minutes of meetings in which Goldman Sachs bankers’ immoral behavior was discussed in order to cover up the truth and to lie about the content of these meetings, Segarra decided to secretly record her meetings with her bosses. Below are some of the revelations contained in the transcripts of those secret recordings:
In one meeting Segarra attended, a Goldman employee expressed the view that “once clients are wealthy enough, certain consumer laws don’t apply to them.”
After that meeting, Segarra turned to a fellow Fed regulator and expressed how surprised she was by that statement — to which the regulator replied, “You didn’t hear that.”
When Segarra discovered multiple conflicts of interest in Goldman Sachs deals between Goldman Sachs bankers and their clients that led to deals being struck that would be the equivalent of insider trading in the stock market and consequently discovered Goldman Sachs had no “conflict of interest” policy, her boss harassed her and demanded of Segarra, “Why do you have to say there’s no policy?”
When Segarra complained to her legal and compliance manager, Jonathon Kim, of how her discoveries were being handled and told Kim that “even when I explain to [my superiors at the New York Federal Reserve] what my evidence is, they won’t even listen”, Kim reacted in an equally morally bankrupt manner as Segarra’s superiors, advising Segarra “to be patient” and to “bite her tongue.”
So now that we know that Bank Lords buy out morally-challenged regulators, cops and judges in return for carte-blanche to continue committing crimes, rig markets to collect undeserved and unearned kickbacks, and launder drug cartel money from violent cartels that murder 10,000 people a year (the Sinaloa drug cartel), is there really even a line in the sand that separates Bank Lords and Drug Lords, or have Bank Lords become the new Drug Lords?
Let’s take a closer look into the increasingly similar worlds of drug cartel and bank cartels. The last market bubble will not be the Chinese or Thai real estate bubble, the US stock market, the US student loan bubble or the Social Media bubble. If we take a look at the political cartoon to the left, drawn more than a century ago in 1907, we find that Bank CEOs have been engaging in the same nefarious deeds ever since they were able to put the global banking system on the fractional reserve banking platform. Banker immorality, having multiplied and grown for over a century, will be the last bubble to pop. To illustrate what I am talking about, let me pose this singular question: “Is it possible to prove that a notoriously violent Drug Lord provided more positive value to society during his reign of terror than criminal Bank Lords like Jamie Dimon, Lloyd Blankfein & Stuart Gulliver are providing during theirs?” If we can make a strong case for a Drug Lord providing more social value and benefits than the largest Bank CEOs in the world, all else being equal, then this is the point when we know our future is dire, especially if we refuse to collectively revolt right now against the very banking system that enslaves us.
At first you may think that my aforementioned question is a ludicrous question. After all, how can the positive social benefits provided by a violent, murderous Drug Lord possibly exceed the social benefits, as non-existent as they may be, provided by the heads of the largest bank crime syndicates? Before we dismiss this question, let’s seriously explore it and see what conclusions we may draw from this exercise.
Every large drug cartel in the world, whether it was Pablo Escobar’s infamous Colombian Medellín cartel in the 1980s or El Chapo Guzman’s notorious Mexican Sinaloa cartel of today, has required the logistical support of a sophisticated banking division not just to survive, but to truly thrive. In fact, without the support of a large global Bank CEO, the largest drug cartels in the world would quickly crash and burn and the Drug Lords would disappear. As we explain in the next section, it is simple to conclude that without the consent and help of global Bank CEOs, the world’s largest drug cartels would not be viable. In the 1980s through the early 1990s, Pablo Escobar chose the Italian Banco Ambrosiano and allegedly the Vatican Bank as well to launder billions of his dirty money, while in more contemporary times, El Chapo Guzman handpicked HSBC Bank USA as his preferred bank to launder his billions.
Murder and Crime: Drug Cartels v. Global Banks
During his reign of terror, Pablo Escobar ordered the murder of an estimated 4,000 people, including hundreds of police officers, judges, lawyers, journalists and anyone that dared to oppose his violent drug cartel. Escobar even allegedly tortured his own associates that proved to be disloyal to him. However, of the thousands of murders committed by Pablo’s cartel, it was likely that he did not commit the murders himself. Drug Lords are notoriously careful about committing homicidal acts that would provide the evidence prosecuting attorneys need to put them behind bars for a very long time. It is more than likely that a man like Pablo Escobar paid others to carry out his murders for him. However, Banco Ambrosiano and Vatican Bank executives, if they did indeed knowingly launder Pablo’s billions as has been alleged, share a significant measure of complicity in Pablo’s murders. Without having a bank to launder his money, there would have been no reason for Escobar to continue operating his cocaine cartel and murdering the people that opposed him. Likewise, one can successfully argue that HSBC CEO Stuart Gulliver and top HSBC bankers enabled many more murders than even Escobar. The Mexican drug cartels, whose money HSBC laundered, have murdered an estimated 80,000 people since 2006 (10,000 murders between 2008 and 2012 by the Sinaloa drug cartel alone), far more murders than Escobar’s empire ever carried out. Even though Banco Ambrosiano and HSBC Bank CEOs were not directly giving the orders to murder people, you must connect the dots between the Bank CEOs that launder drug cartel money and the crimes committed by these drug cartels because the dots can NOT be separated. Both actions are inextricably linked to one another, and without the services of money laundering willingly provided by the bank CEOs, the 80,000 murders committed by the Mexican drug cartel criminals would not occur.
Former anti-money laundering officer Martin Woods wholly supports the above argument: “Is it in the interest of the American people to encourage both the drug cartels and the banks in this way? Is it in the interest of the Mexican people? It’s simple: if you don’t see the correlation between the money laundering by banks and the 30,000 people killed in Mexico (actually, 80,000 people have been killed in the Mexican drug wars since 2006), you’re missing the point.” After presenting evidence to Wachovia bank executives of their employees willingly laundering drug traffickers’ blood money, to which Wachovia bank executives responded by telling him to shut up and by trying to get him fired, Woods understandably quit his position with Wachovia in disgust, stating, “It’s the banks laundering money for the cartels that finances the tragedy.”
Here is a list of complaints Woods filed with the UK House of Commons, including accusations that the very regulatory agency that was supposed to aid his investigations to uncover truth, the UK Financial Services Authority (FSA), worked more against him than with him to clean up the crimes of the banking industry.
The only redeeming excuse that HSBC, Citigroup, Wachovia, and other Bank CEOs may have (that have collectively laundered billions upon billions of drug cartel blood money) is a proven ignorance of these activities occurring within their banking operations. However, as I previously stated, this excuse as a legitimate one is extremely unlikely. An abundance of journalists and law enforcement agencies that have studied internal bank documents to understand the complexity of drug laundering operations of big global banks always reach the same conclusion. US Customs Agent Robert Mazur and Mexican journalist Anabel Hernández, after years of meticulous research, both concluded that bankers at the highest levels of the drug-laundering bank – the CEOs, COOs, and CFOs – all know about these operations beyond any reasonable doubt and that ignorance of these immoral and illegal activities is nearly impossible. When I worked as a Private Banker for a large global banking firm many years ago, the top policy that was always stressed for all accounts, but in particular, any account that involved a steady stream of large and frequent cash deposits, was KYC, or Know Your Client. It was absolutely incumbent upon the banker to visit the operations, and “kick the tires” per se, of any account that generated large cash deposits to confirm the legitimacy of the cash flow. If the source of these large cash deposits could not be determined, then all such accounts were to be immediately terminated. Thus when men like HSBC CEO Stuart Gulliver profess complete ignorance of laundering billions of cash for drug cartels, I have to concur with Mazur and Hernández’s assessment, as the top experts in money laundering schemes, that it would have been nearly impossible for Gulliver not to know.
In conclusion, I would place Escobar in the category of “violence inflicted upon society”, just slightly above global Bank CEOs because the drug lords are the ones giving the direct orders to murder tens of thousands while Bank CEOs are only enabling these murders through their drug laundering operations. However, banks must receive a black mark for willingly participating in extremely profitable, criminal drug laundering operations that leave a trail of tears and misery, as people like Martin Woods, Robert Mazur and Anabel Hernánde have all made it crystal clear through their work that it is near impossible for a Bank CEO not to willingly approve these types of extremely profitable operations that create tens of thousands of homicides. Furthermore, the comparison between Bank Lords and Drug Lords is made even more apropos when we examine some of the “turf wars” Bank Lords engage in when committing their crimes. Drugs never leave a drug-infested neighborhood when a corner dealer or even a regional distributor is murdered. Rather, a competing Drug Lord will fill the void left by a competitor’s demise and opportunistically expand his criminal empire by providing product distribution in regions where a void may develop. Likewise, when Deutsche Bank was recently forced to vacate one of the 12 seats in the gold & silver rigging game in London, Citigroup swooped in and took control over Deutsche Bank’s vacated turf.
Quality of Life/Social Contributions: Drug Cartels v. Global Banks
Cocaine cartel Drug Lord Pablo Escobar, at the height of his cartel, was believed to have supplied an astounding 75% of the entire world’s cocaine, as strong a monopoly on cocaine as is the US military-protected Afghan poppy fields that recently supplied between 95% to 98% of all heroin distribution today. Pablo’s cocaine empire was so far reaching that Roberto Escobar, one of Pablo’s closest brothers, estimated Pablo’s annual profits to be in the range of $20 billion a year. According to the United Nations Commission on Narcotic Drugs, in 1982, cocaine usage peaked in the United States at about 10.5 million users. Historically, the US has accounted for roughly 40% of all global cocaine users. Using these figures, we can roughly estimate total global recreational cocaine use at 26.25 million users at the height of cocaine’s popularity in the early 1980s. Now let’s factor in the worst possible case scenario for every single one of these 26.25 million cocaine users. Let’s assume, in the worst possible case scenario, that not a single one of them was a functional recreational cocaine user and that every single one of these global cocaine users caused stress and trouble for at least 10 other family members and friends, so that 26.25 million X 10, or 262 million people were adversely affected in some social manner by cocaine users. Since Escobar supplied 75% of all cocaine users at the peak of his operations, in a worst possible case scenario with ludicrous worst possible case assumptions, one would conclude that Escobar had a negative social impact on 75% of 262 million, or 196 million people, in this world. Now you may think to yourself, “Wow, that is a lot of people for one cartel to negatively affect” and you would be correct.
But yet, if we compare the negative social value of Pablo Escobar’s drug cartel versus that of the criminal Central Bank cartel, it simply pales in both magnitude and lasting effect. In 1982, during the peak years of Escobar’s operations, the global population was about 4.6 billion people. The decisions that the Central Banking cartel made back then negatively affected not 196 million people as did Pablo’s empire under a worst-case scenario, but exceeded this worst-case scenario by 4,404,000,000 people. Why does the negative reach of the Central Banking cartel extend so much further than that of a drug cartel? To begin, the Central Banking cartel’s fractional reserve banking policies drain the purchasing power from the savings of every single person on on the planet – fathers, mothers, sons, and daughters, aunts, uncles, grandmothers, and grandfathers. Ever since their existence, Central Bankers have created massive amounts of new money through a process called fractional reserve banking that has created annual inflation rates that far exceed any annual cost of living adjustments (COLA) that any nation’s citizens receive from their employers. Thus every year, the Central Banking cartel robs the wealth of every single man, woman and child on earth and deliberately makes every single human being’s life on this planet less enjoyable and more difficult. To compare apples to apples, we simply use the 4.6 billion global population figure that existed at the height of Escobar’s drug empire to estimate the negative-reach of the Central Banking cartel. Fractional reserve banking policies employed by every global commercial banker on earth makes it impossible for large percentages of people that dwell in poverty to ever move out of poverty, and these policies adopted systemically by Bank CEOs in the global banking system cause millions of people worldwide to lose homes, jobs, and emotional stability.
Most people don’t understand the above facts about fractional reserve banking policies because governments release bogus “official” inflation statistics through the banker-owned press and media. For example, in the US, the official government rate of inflation in September 2013 was 1.5% and was reported by the US government to be 1.6% for the entire 2013 fiscal year. However, the inflation rate in the US is only so low because, as ludicrous as this sounds, bankers literally have stripped out the largest components of inflation from the equation they use to calculate inflation. A comparable lie would be if you stripped out all components of heat from a heat index and reported that it was -30 Celsius at noon in the Saharan dessert during the hottest month of the year. If you take an honest equation for inflation, as others like John Williams of shadowstats.com have done, then we know inflation rates were more than 9%, or more than 6 times higher than the “official” US government inflation rate of 1.5%. In 2002, none other than the Chairman of the US Central Bank, Alan Greenspan, stated, “The price level in 1929 was not much different, on net, from what it had been in 1800. But in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And in the four decades after that, prices quintupled. Monetary policy, unleashed from the constraint of domestic gold convertibility, had allowed a persistent over issuance of money.” In essence, Greenspan stated that in just 60 years, prices had increased by 10 times due to fraud committed by Central Bankers and their deliberate “persistent over issuance of money” - fraud that negatively affected every human being on Planet Earth.
If you were a 20-year-old young adult that had just graduated college with a starting $30,000 a year salary in 1933, by 1993, just 60 years later, you would have to be earning an annual salary of $300,000 just for your salary to have the SAME purchasing power as your 1933 salary. In other words, you would have had no better a quality of life in terms of purchasing power, earning $300,000 a year in 1993 than you would have had earning just $30,000 a year in 1933 due to the Central Bank cartel’s destruction of currencies. Furthermore, since Alan Greenspan was using the bogus US government “official” rates of inflation to make his calculations, the above example I’ve provided actually UNDER-ESTIMATES the reality of the negative social impact of the Central Banking cartel as $300,000 1993 dollars would actually have LESS purchasing power than $30,000 1933 dollars. Of course, other tangibles such as better technology in 1993 versus 1933 would grant one a better overall quality of life, but technological advances that create improvements in quality of life are certainly not attributable to bankers.
If you’re old enough to remember growing up in a time where your father was the sole breadwinner of your household, your mother stayed at home and raised you, you had 2, 3, or even 4 other siblings, and no one was ever without food or clothes and you were considered middle class, that “middle class” life today has all but vanished and has become extinct thanks to the global scam of fractional reserve banking. And we can all thank the criminal Central Bank cartel, as well as their shills and misinformation agents such as Warren Buffet, Charlie Munger, Bill Gates, Jamie Dimon, etc. for this new, much more miserable reality. It amazes me that even when ex-bankers like Greenspan make admissions of their criminal negative impact upon society, that those working within the banking industry still refuse to process the inherently immoral nature of the crime syndicate for whom they work, such is the utter success of bankers’ centuries-old propaganda campaigns.
Economic/GDP Contributions, Drug Cartels v. Global Banks
Let’s assume that the creation of debt has a net negative overall affect on society (as debt creation drains the wealth of individuals) while the creation of GDP has a net positive affect on society. In the past 15 years, G7 Central Bankers created $7 of debt for every $1 of GDP that they contributed to society, resulting in a net negative [-$6] contribution. In the late 1980s through the early 1990s, drug lord Pablo Escobar “came to control 75 percent of the global [cocaine] market, with [drug] revenues from trafficking equivalent to [a positive] +5 percent share of the country’s GDP.” (Source: Garcio -Bario, Constance. “U.S. War on Drugs in Colombia is Ravaging Farmers and Land”, 2 March 2004. Common Dreams Newscenter). In fact, Pablo Escobar always declared, at every opportunity afforded him, his belief that he was helping Colombia’s economy more than he was hurting it: “The entire economy benefits from drug money; those who traffic and those who do not. If a drug trafficker builds a house, the peasant who cuts the wood for it benefits from that.” Unfortunately, it is exactly this flawed belief of Escobar’s that valued money over all other factors, including morality, that the vast majority of today’s global Bank CEOs have embraced. Though there is no honor in the above statement, whether you agree with it or not, in regards to economic contributions to society, it is obvious that Escobar’s drug cartel produced far more value in terms of GDP for society than bank cartels.
Goodwill, Drug Cartels V. Global Banks
Pablo Escobar, during the height of his drug cartel’s success, was credited with being directly responsible for pulling thousands of his countrymen out of poverty and providing them with jobs. With his billions of drug cartel money, Escobar built schools, hospitals, fútbol fields, and churches and even sponsored many little-league community fútbol teams. Escobar even built housing developments with his blood money and gave thousands of units to poor people rent-free. Of course, these actions were not all altruistic by any means as Pablo’s dealers also were known for widely distributing cocaine in the same housing developments that Escobar built for the poor. Thus, by giving away these apartments, Escobar was ensuring himself of a steady supply of customers. Despite these obvious contradictions, for all the goodwill that Pablo generated in Colombia, he was revered by thousands in his country as a saint during the height of his empire and still is today. However, to many others, he was and still is a monster.
While I am sure that Jamie Dimon, Lloyd Blankfein, Brian Moynihan, Stuart Gulliver, Michael Corbat, Hank Paulson, Ben Bernanke, Peter Zöllner, Christine Lagarde, Mario Draghi, and Mark Carney have all made sizeable donations in their communities at some point and to civic-minded organizations like hospitals and schools and the arts, their more prominent donations seem to be to the police state that can ensure that their rule of corruption will continue. JP MorganChase CEO Jamie Dimon’s well–publicized 2011 $4.6 million payoff to the New York Police Department coincided with a violent police crackdown on Occupy Wall Street protests of Wall Street’s biggest and most corrupt banks, including JP Morgan. Never in a thousand years would hundreds of thousands of the poorest people in any community anywhere in the world call Bernanke, Saint Ben, Blankfein, Saint Lloyd, Moynihan ,Saint Brian, or Dimon, Saint Jamie. Exploring this topic exposes the ludicrous nature of the inseparable relationship between Drug Lords and Bank Lords. If Bank CEOs did not launder Pablo’s money, Pablo would not have been able to build his schools, churches, medical facilities, homes and community recreational centers. Thus, are Bank CEOs contributing to society because they enable Drug Lords to provide thousands of jobs in their communities?
Global Wars: Drug Cartels v. Global Banks
In the category of war and war crimes, who inflicts more harm upon humanity – Drug Lords or Bank CEOs? Though we know that Drug Cartels are drains on the financial resources and budgets of many governments worldwide due to the “War on Drugs” that governments wage upon them, these wars are limited in scope and finances, and are just a drop of water in the ocean when compared to the wars that are financed by Central Banks. Furthermore, the “War on Drugs” is a false war whose true purpose is not to eradicate drugs from neighborhoods but to enrich various parties involved in executing the War on Drugs, namely the military industrial complex, government officials and bankers. Criminal bank cartels are the first enablers of every major war in world history, and other than defense contractors, the largest war profiteers of any global industry. In some instances, the Central Bankers are even alleged to have instigated and encouraged wars to fulfill their own political agendas.
In Tragedy and Hope: A History of the World in Our Time (1966), Dr. Carroll Quigley, a Professor of History at Georgetown University, and US President Bill Clinton’s mentor, wrote:
“[T]he 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 Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
Dr. Quigley stated that the key to the Banking Cartel’s success was to control and manipulate the currency supply of a nation while lying to and informing the public that their government was in control of the currency supply. Thus it is no coincidence that five countries the US has invaded in the last decade – Lebanon, Iraq, Libya, Somalia and Sudan – all are not member states of the Bank for International Settlements (BIS), the Central Bank of Central Banks – while a sixth the US attempted to invade before being rebuffed by Russia’s Putin, Syria, is also NOT a member state of the BIS.
Although many American children have falsely been taught in schools that the Revolutionary War started with a protest against prohibitive taxes on tea and stamps known as the Boston Tea Party, Benjamin Franklin correctly explained that it was the inability of the Colonists to get the power to issue their own money, permanently out of the hands of King George III and the international bankers, that was the prime reason for the Revolutionary War. However Ben Franklin was incorrect about his perceived success of the American Revolutionary War, because the Rothschild banking families still maintained control over America’s currency supply after the so-called “revolutionary” war ended.
French leader Napoleon Bonaparte stated: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” In response to Napoleon’s rich understanding of the nefarious objectives of powerful banking families, the Rothschild banking cartel funded the Franco-Prussian war to allegedly put an end to Napoleon’s rule of France.
During the Civil War, US President Abraham Lincoln stated: “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.” President Lincoln was murdered on April 14, 1865, less than two months before the Civil War ended.
35th US President John F. Kennedy was intent on shutting down the US Federal Reserve and the IRS due to the same realizations of his predecessors that the Central Banking cartel was nothing more than a crime syndicate posing as a legitimate entity and signed Executive Order 1110 on June 4, 1963 that stopped the creation of US Federal Reserve Notes, removed the power of the Rockefellers, JP Morgan, Rothschilds, Warburgs, et al from creating currency in the United States, and returned the power of coining currency to the US Treasury, with the intent of forever retiring criminal fractional reserve currency from use inside the United States. Just five months later, JFK was murdered and his successor, Lyndon B. Johnson, immediately cancelled Executive Order 1110 and reinstated criminal fractional reserve banking in the United States.
To this day, the private banking families that own the US Federal Reserve are the principal financiers of all modern wars, including wars in Libya, Somalia, Iraq, Afghanistan, etc. , providing the war appropriation funding to governments for which governments must pay these bankers interest. When estimates of the US-Iraq War alone have been in the $2 trillion range, it is self-evident that bankers are making out like bandits from funding such wars. Furthermore, as Central Bankers create massive amounts of money (debt) out of thin air to fund major wars, it is self-evident that the creation of 2 trillion new dollars just to fund the Iraqi War has a hugely negative impact upon world citizens as it destroys the purchasing power of all existing dollars in circulation. In other words, every major war leaves the citizens of the nations involved in that war, as well as all global holders of the two currencies used in the warring nations, poorer and in a worse economic state. Though it is beyond the scope of this article, if you research current global geopolitical tensions between Russia, China and the US by following the trail of money, you will discover that this too has originated from disputes over the desire of Federal Reserve bankers to maintain US dollar hegemony and to prevent the petro-Yuan from replacing the petro-dollar in international trade.
Furthermore though we have informed you earlier in this article that Pablo Escobar was believed to have been responsible for over 4,000 murders whereas El Chapo Guzman was believed to have been responsible for over 80,000 murders, these despicable inhumane statistics still pale in comparison to the more than 4,486 US soldiers killed, more than 1 million Iraqis killed, 3.5 to 5 million refugees, and 15 million Iraqis living in poverty, created from the singular US-Iraq War (Source: http://web.mit.edu/humancostiraq/). Since Drug Wars to bring down Pablo Escobar don’t come anywhere close to creating the massive level of debt from just one war that Central Banks fund, nor do they come close to the numbers of murders that intense political wars cause, it is apparent that not even Drug Lords can compete with Bank Lords when it comes to spreading misery through the vehicle of global war.
Just a hundred years ago, it was common knowledge among the people that any war in which their leaders entangled them was going to cheapen the currency held in their savings, and consequently, the majority of people always fiercely contested every war and insisted on diplomacy over war whenever possible. Today, it is a sad state of affairs when bankers, through the vehicle of nationalism, have been able to convince people to cheer for their own economic demise, as state announcements of war against other nations are often met with zombie-conditioned, nationalistic chants of “[insert country name here]” versus the thoughtful intelligent protests over currency devaluations that used to meet every single build-up to war just a couple of generations ago.
In conclusion, we have summed up the societal value of a drug cartel like Pablo Escobar’s cocaine empire versus the societal value of Global Banking/ Central Banking Crime Syndicates in the below chart.
In every category above, the Drug Lord causes less damage to humanity than Bank Lords. When the negative social value of a violent murderous Drug Lord can be successfully argued to be far less than the negative social value created by a sociopathic Bank Lord, we have truly reached the crossroads to determine our future. Either we all stand united and take action starting today to topple the current immoral and misanthropic global banking system, or we resign ourselves, our children and our grandchildren to another century of slavery and tyranny. The collective choice is ours to make.
If you really care about the future of this world and the future of your children and grandchildren, I implore you to please send this article to every single person you know that works for a large global bank to enlighten them about the atrocious, horrific crimes that are being committed by their leaders. Robert Mazur, an anti-money laundering expert that works closely with US law enforcement agencies is on record as stating that “the only thing that will make the [bank CEOs] properly vigilant to what is happening is when they hear the rattle of handcuffs in the boardroom.” As there could not have possibly been a stronger, air-tight case made in the favor of pre-meditation and prior knowledge of money laundering against HSBC CEO Stuart Gulliver and other top executive HSBC bankers, and even this “can’t fail” case failed to jail any HSBC banker, it is obvious that the only way to stop the crimes of the new Bank Lords is through grass-roots activism.
As I have repeatedly stated in this article, when the Bank CEOs know that there is zero risk of going to jail, even after they are caught, or of suffering any negative repercussions from continuing to bathe in blood money, they will never cease engaging in the types of crimes that drags the world further into darkness. And even if Nanex’s Eric Scott Hunsader did say tongue-in-cheek that he would “put everything he had in Goldman Sachs because these guys can do whatever they want” after listening to the secret tapes whistleblower Carmen Segarra made of her conversations with her bosses and between her colleagues and Goldman Sachs executives, there are surely a lot of people that will act on such knowledge to help these Bank CEOs become even more powerful and wealthy (i.e. buying their stock instead of divesting, closing deals with them, etc.). In fact, today’s Bank Lords enjoy a level of special immunity from prosecution against their crimes that no Drug Lord in history ever was able to secure, and this makes the Bank Lords even more powerful than the Drug Lords they are replacing in the global crime syndicate. And this is why only we can really force significant change and stop the transformation of the big bank CEOs into the next Pablo Escobars and El Chapo Guzmans. Please participate in raising awareness about this extremely important issue and help us to light up the darkness by sending this article to every friend or acquaintance you know that works for a large global bank and ask them to follow their consciousness and morality.
About the author: JS Kim is the Managing Director of SmartKnowledgeU, a fiercely independent investment research, consulting and education firm. Learn how to combat banking corruption with targeted wealth preservation strategies and read our SmartWealth fact sheet to learn how you can win a free membership to our newest service, the SmartKnowledgeU SmartWealth Progra (an alternative educational program that breaks down how global capital markets really operate), coming soon. Follow us on Twitter, subscribe to ourYouTube Channel and join our LinkedIn group.
A week ago, I wrote an article titled, “Do NOT Let The Strong US Dollar Illusion Lead Your Wealth Preservation Strategies Astray.” Today, I am releasing the corollary to that article with this one. I strongly emphasize that just as you should not be fooled by an illusion of a strong US dollar, you should not be fooled by the pro-USD banking cartel similarly-created illusion of weak gold and silver prices in paper markets. While true that I have held a long-term bullish outlook regarding gold and silver, my immediate-outlook in recent months has been markedly bearish in gold and silver as stated on my blog, and in much greater detail in my client research reports. At the very end of last year, I wrote an article “All the Big Banks are Saying Gold Will Crash in 2014, But That’s Not What Will Happen”. Observing my specific comments in that article, I stated “a gold collapse to $800 or $400 a troy ounce, as ScotiaMocatta’s Simon Weeks predicted would happen in 2014, was patently ridiculous.” Today, with gold still above $1,220, I still stand by that comment I made 9-months ago, as an additional 34% to 67% collapse in gold prices in the last quarter of this year would be necessary for Simon Week’s prediction to come true. Read the rest of this entry »
For the past year, we’ve had a binge of corporate layoffs in America. Recently it was reported that AMR Corp., which operates American Airlines, would slash about 13,000 jobs, about 1 out of every 7 jobs in their current workforce. Microsoft has reported it will fire 18,000 employees, also about 1 out of every 7 of their current employees. Hewlett Packard announced it planned to cut 16,000 of its current jobs this year (about 5% of its workforce), after already firing 34,000 already in the last two years. This means that since 2011, Hewlett Packard will have fired about 1 out of every 7 employees. Merck Pharmaceuticals announced that they would fire 13,000 employees, or about 1 out of every 6 employees, which means that since 2009, Merck will now have fired an astonishing 37% of its employees.
With all of the above companies firing a very significant percent of their workforce in order to cut costs in a struggling economy in which sales and revenues for many industries have been significantly decreasing across the board, one would expect these corporate layoffs to translate into big trouble for these companies’ stock prices, right? Wrong. Look at the share prices of these companies below this year. Read the rest of this entry »
Recently, I’ve read many stories about the “strong” dollar from mainstream media financial “journalists” that are paid by pro-USD banking cartels to promote such rubbish propaganda. The strong dollar illusion is sold to the masses because the dollar is never compared against the real money of gold but only to its weak siblings of the Euro and British Pound. Stand a 95 pound weakling next to an even greater 80 pound weakling and one can produce the illusion of strength, but stand him next to a 200 pound athlete with 6% body fat and the illusion quickly disappears. Who is that 200-pound athlete? – Physical, not paper, gold.
Recently, Central Bankers have colluded to destroy other weak currencies to create the illusion of US dollar strength. The US dollar’s greatest competitors are the Euro, the British Pound and the Japanese Yen, and Rothschild controlled Central Bankers have destroyed all these currencies in recent months. Rothschild-directed Central Bankers have crashed the Euro by 7.34% in the past four months, the Japanese Yen by 5.78% in an astonishing two months, and the British Pound by an astounding 6.58% in just two months as well.
Though very few people do it, thinking for yourself is always a positive practice in which to engage. Last month, we received a number of emails from our clients asking us why we were still immediately bearish on mining stocks because there seemed to be a consensus on gold/silver mining sites that the gold/silver mining stocks would take off like a bat out of hell as soon as September rolled around. Well, September historically tends to be a good performance month for gold and silver but history does not always repeat itself, and that alone is not a good reason to be bullish on the mining stocks. As it is, the gold/silver mining stocks have now descended another 6% to 10% since we received some questions regarding our still immediately bearish stance towards gold/silver mining stocks.
The truth is, it doesn’t matter to us what the “experts” are saying or if a “consensus” exists regarding a certain investment/financial matter. If the data we review doesn’t support the consensus, we’re never afraid to go against the consensus, and neither should you. For the last decade, the consensus in the mainstream media regarding almost everything in the financial markets has been wrong. Read the rest of this entry »
Yesterday, we sent a special bulletin to our Platinum Members in the early afternoon, Asia time, that analyzed the current data in the gold markets and came to this conclusion: “Gold ran up to $1292.90 last week before settling back down near $1282 now and silver likewise approached $19.80 before closing back down in the $19.50 range now…we might expect a decline in gold prices to the $1,260 range and then a quick reversal and movement higher in prices this month.” Note that when we wrote this bulletin, the price of gold was still trading at $1282 before descending to within $1.80 of our call yesterday after New York markets opened to a low of $1,261.80. Often when analyzing and predicting gold price movements, one must think like a chess player, several steps ahead of the bullion bank manipulators that perpetually wish to suppress gold (and silver) prices. Therefore, though there were no visible signs on any of the charts that yesterday’s raid in gold and silver was coming, there were plenty of signs beneath the surface that predicted the strong possibility of yesterday’s move. Read the rest of this entry »
Yesterday, one year after documentary filmmakers released evidence of animal cruelty towards killer whales at Seaworld in their film Blackfish, Seaworld hugely missed analysts’ revenue expectations and Seaworld shares plummeted by more than 32%. Proof indeed that documentaries such as Blackfish and activism work. Now let us all mobilize to end the Ponzi scheme of fractional reserve banking by boycotting all big global commercial banks. In any event, given the recent theft of customer deposits executed by bankers at the Bank of Laika and the Bank of Cyprus, and the theft of shareholder value at Banco Espirito Santo in Portugal, these events should serve as adequate warning that there is enormous risk of leaving deposits in global bank accounts. Hopefully, the success of the activist Blackfish film will spur anti-NWO activists to continue the fight against fractional reserve banking.
The Answer: How Can $50,000 + $50,000 = $62,090?
In the below video, I explain how Central Banker’s destruction of USD purchasing power has caused $50,000 + $50,000 to = $62,090. Quite simply, this is the devastating wealth destruction of artificial Central Banker created inflation that they call “normal”.
Recently, I watched the Robert Reich documentary “Inequality For All”, which attributed the very serious problem of growing wealth inequality in the Americas, Africa, the EU and Asia to every single factor except the primary one – Central Bankers and fractional reserve banking. If you watch this documentary without a critical eye, the reasons given by former US Labor Secretary Robert Reich for growing wealth inequality in America seem reasonable and well thought out on the surface. However, once you start peeling back layers to his arguments, one will discover that Reich attributes causation of wealth inequality to correlated factors when there is often little causation or sometimes no causation at all.
Below is my one-hour video debunking all the critical points Reich raises in “Inequality for All” in which I prove that just because someone criticizes the results of an immoral system does not mean that he is willing to tell the truth about the immoral system.
Please click on the above photo and click on the text “Watch this video on YouTube” to watch this video
P.S. Though this video is widely available throughout Asia, some have told me that this video is blocked in other countries. Hopefully, you will be able to view this video in your country.
About the author: JS Kim is the Managing Director of SmartKnowledgeU, a fiercely independent research and consulting firm that focuses on intelligent ways to preserve wealth during these global currency wars.
In the below video, I address two questions that everyone making any decisions about wealth preservation, either for himself/herself or for a third party, should be able to answer succinctly, easily and clearly. This should not require at most, more than a few minutes of research to answer if you understand the facts about all fiat currencies (not just US dollars) being illustrated by the two below questions. For anyone that truly understands these global currency wars and the necessary steps that must be taken to preserve wealth, these two questions should be relatively easy to answer. For those whose thought processes remain confined within the narrow lens of mainstream financial propaganda wars, these may be very difficult questions to answer. I will be back in one to two weeks to provide the answers to these questions.
Please click on the above photo and click on the link “Watch this video on YouTube” to find out what are the two questions everyone should be able to answer.
In the meantime, in our monthly connect the dots game, the efforts of US bankers to police and punish European banks for actions taken by very US banks and corporations in which no punishment is administered is not going unnoticed. This has resulted in a call for revolt in Germany and France against the US in which these countries are starting to quietly distance themselves from the US dollar. In the meantime, respected voices like former US cabinet member Paul Craig Roberts continue to question the legitimacy of the US banker supported narrative of Malaysian Airlines MH17, for which no evidence has yet been presented that proves either Ukraine’s or Russia’s innocence. The most disturbing aspect of this news story is that willingness of people to accept a narrative with zero proof that the narrative is true. Innocent before proven guilty seems to be dead as a concept with the mainstream media these days.
Furthermore, a “glitch” recently halted all online and ATM transactions for the second largest bank in the entire world, the China Construction Bank. With an ongoing cyber and financial war between China and the US widely known, I am surprised that no one has connected the dots of this electronic failure possibly being attributable to a hack of the Chinese electronic banking system. Although this is pure speculation, given the stern warnings given by Washington to China and Russia to not stop using the US dollar in their international trade agreements, I am surprised that this option has not yet been discussed by anyone in the media as of yet.
As nearly all the world’s political events (Malaysian Airlines MH17, the escalating Israeli-Palestinian conflict, massive fines for French BNP Paribas bank while US and UK banks receive slaps on the wrist for manipulations of LIBOR and Forex rates, etc.) can be traced back to the struggle of global bankers to maintain USD hegemony over the world and half the world’s population (the BRICS nations plus Germany, France, possibly Japan) moving away from the US dollar, one must be intelligent enough to understand that the narratives being sold about such conflicts are steeped in disinformation and propaganda from all sides. Therefore one must really dig well below the surface of mainstream media to arrive at the truth.
When people think of the most brainwashed people on earth, they often think of North Koreans. However, most people are unaware of just how insane the level of propaganda that Kim Jong-un (and his father Kim Jong-il) fed to North Koreans on a daily basis in order to convert them into their delusional states of mind that they arrive upon in adulthood. From the time a baby boy or girl is born in North Korea, the head of state feeds them a narrative that they have god-like powers and can read all citizen’s minds. Believe it or not, people in North Korea were amazed that Kim Jong-il even died because they literally believed him to be immortal. In addition, almost all North Koreans even fear thinking anything negative about the administration because they believe that their “leader” can read their minds and that they will be thrown in jail if they have negative thoughts about the administration.
Though these beliefs seem foolish, silly and incomprehensible to us, many of us today hold beliefs about money equally as foolish because of the false narrative that bankers have sold to us about money from the day we were born. Even though I predicted the US stock market crash of 2008 before it happened, predicted the failure of Wall Street banks that happened, predicted events like Cyprus banks stealing 47.5% of deposits from customers with more than 100,000 euros, and failures of banks like the Portugal Banco Espirito Santo would wipe out shareholders and creditors (just search my YouTube channels for warnings to exit the global banking system as fully as possible), all it takes for all these warnings to be dismissed is a President, Prime Minister or Central Banker reassuring the populace to stay calm one the lie that “economies are strongly recovering now!”
In fact, anyone that truly understands the factual history of money would tell you that people that believe that fiat currencies backed by nothing with zero intrinsic value are “safe” are as North Koreans that believe their president has god-like powers. Sometimes it’s just assumption of the proper perspective that reveals whether any of us share similar delusional beliefs with North Koreans. This week, in upcoming newsletters, to promote truth against the tidal wave of propaganda that dominates all mainstream media, we will explore the narrative of the reasons behind growing global wealth inequality all over the world and separate fact and fiction and to provide a clearer understanding of this growing problem.
For those that would like to be more proactive in taking steps to preserve wealth in the face of these ongoing Currency Wars, please check out our book “The Golden Gift” available in paperback and for the kindle and the nook on both Amazon and on Lulu. If possible, please purchase as an e-book as this will enable us to donate more money to the orphanages to whom we are donating proceeds.
In other news:
Flight MH17: Every Tragedy is An Opportunity for Bankers to Manufacture Profits (see shocking movements in gold and silver futures markets at the exact time flight MH17 went missing)
Don’t forget about our ongoing “End Gold Manipulation Now” campaign. You can still participate by taking the steps at this link.
I have no doubt that divergent thinkers will be best positioned to not only survive the next financial crisis but that they will exit it in the best position as well. Why? Because today we are overwhelmed with banker-sponsored government propaganda regarding “recovering economies”, robust stock markets and real estate markets that are over-inflated, price-distorted bubbles, and warnings to stay away from gold and silver. Those that are divergent thinkers can typically see through propaganda to draw their own proper conclusion while those that are convergent thinkers are far more easily misled by propaganda.
In recent years Central Banks have directly purchased trillions of dollars, yen and Euros to buy risk assets to prop up stock markets. In US stock markets, US companies bought back more than half a trillion of stock in an effort to improve earnings per share metrics absent of any sustainable organic growth in sales in 2013. The US Federal Reserve continues to buy billions of US debt every month to prop up US Treasury bond markets and Belgium’s mysterious parabolic increase in US Treasury purchases in 2014 that quickly transformed this small nation into the 3rd largest holder of US Treasury debt in the world serves as evidence that the Fed is not really tapering bond purchases at all but merely redirecting purchases to more covert methods. Read the rest of this entry »