Posts Tagged ‘capitalism’

Authors apply metaphorical blowtorch to central banking

Posted: October 11, 2016 in INTERNATIONAL BANKSTER$
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In our hard-hitting book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism, we apply the metaphorical blowtorch to the central banking system – that financial entity responsible for overseeing the monetary system of a nation.

 

Image result for central bankers

 

A lot of the financial corruption exposed in our book relates – either directly or indirectly – to the central banking system. Given central banks are responsible for overseeing the monetary system of a nation, managing its currency, setting interest rates and steering an economy toward inflation targets, we devote an entire chapter to the central banking system.

An excerpt from INTERNATIONAL BANKSTER$  follows:

Central banks are also often called reserve banks. For example, the Federal Reserve (also known informally as the Fed) is the central banking system of the United States.

Other examples of central banks around the world include the People’s Bank of China, the Reserve Bank of Australia, the Central Bank of Brazil, the Bank of Japan, the European Central Bank (ECB) and the Bank of England.

Elements of modern central banking systems have existed for around a thousand years and date back to The Song Dynasty (960-1279 AD) in China where the first circulation of a paper currency occurred.

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“Under the guise of being nice guys, the central bankers have done to the people what no army in history has been evil enough to do.” –Jarod Kintz, This Book is Not FOR SALE

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The legendary Knights Templar – the wealthy Christian military order that reigned in medieval Europe for almost two centuries (1119-1312 AD) – ran a banking system that economists widely believe inspired present-day central banks, including the Federal Reserve in the US.

However, it wasn’t until the 17th Century that the first official central banks were formed as certain nations such as the Netherlands, Sweden and the UK began to move away from commodity money (usually silver or gold) to circulating notes that simply represented ‘promises to pay’.

From there, the central banking system spread like wildfire all around the world. Eventually, such banks cropped up everywhere from Africa and Central America to South America and Asia.

There are certain independent researchers, perhaps of the sensationalist variety, who have said “central banks are pure evil” or made other such alarmist statements. However, in reality, if a nation’s central bank is managed without internal corruption and without interference from foreign countries, it should actually be a stabilizing force. In theory, a central bank can shield an economy from volatility in financial markets not to mention prevent fraudulent activities committed by commercial banks.

But the operative word, of course, is corruption. Throw corruption into the mix and central banks start veering toward the “pure evil” term some ascribe to them.

 

Next, we devote a short chapter to the history of central banking in the US, and, of course, the mighty Fed, aka the US Federal Reserve System, features prominently…but more about that later.

 

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

 

INTERNATIONAL BANKSTER$  is Book #5 in The Underground Knowledge Series  and is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/

 

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Elite banking families feature in the book ‘INTERNATIONAL BANKSTER$’

Posted: August 13, 2016 in INTERNATIONAL BANKSTER$
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In a book on “international banksters,” in a section on “financial overlords,” we’d be remiss not to at least mention in passing the elite families who have been juggernauts in the history of global banking. We address this in our book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

Image result for the oppenheim family

The Oppenheim Family…Photo taken in pre-war Germany.

 

In the following excerpt from INTERNATIONAL BANKSTER$  the impact elite banking families have had on the so-called free market is examined:

Families such as German financial dynasty the Oppenheim family who began to dominate the finance and banking sectors in Europe from the 18th Century onwards. One of the Oppenheim family’s key assets for centuries, Sal. Oppenheim, was the highest valued privately owned investment bank in Europe until the family sold it in 2009.

An even more powerful banking clan is the almost infinitely-wealthy Rothschild family who also entered the banking industry in 18th Century Europe and used to own mining giant Rio Tinto.

 

 

Some say the Rothschilds have incalculable wealth and that even the price of gold is determined by them.

In the United States, the Rockefellers are essentially the equivalent of the Rothschilds, or almost. Besides their extensive background in the oil business, the Rockefellers have long been an elite banking family with key investments like Chase Manhattan Bank and JP Morgan Chase.

Although it’s not commonly reported or even investigated by mainstream media, it seems logical that these elite banking families would manipulate financial markets in their favor. Especially given they have dominated banking for centuries and have the process down to a fine art.

Another important point is these families made much of their fortunes through either criminal or highly immoral enterprises – perhaps deserving their “bankster” titles bestowed upon them by certain independent researchers.

For example, a June 26, 2009 article in the UK’s Financial Times  mentions the Rothschilds’ and other elite banking families’ historical links to slavery.

“Two of the biggest names in the City of London,” the article states, “had previously undisclosed links to slavery in the British colonies, documents seen by the Financial Times have revealed.

“Nathan Mayer Rothschild, the banking family’s 19th-century patriarch, and James William Freshfield, founder of Freshfields, the top City law firm, benefited financially from slavery, records from the National Archives show, even though both have often been portrayed as opponents of slavery”.

The Rockefeller-associated asset, JP Morgan, is also listed in the Financial Times  article as having ties to the slave trade.

“JPMorgan, the investment bank, set up a $5m scholarship fund for black students studying in Louisiana after apologising in 2005 for the company’s historic links to slavery.

“In the case of Mr Rothschild, the documents reveal for the first time that he made personal gains by using slaves as collateral in banking dealings with a slave owner”.

The article also names Lehman Brothers and the Bank of America as among other major financial institutions that profited off slavery.

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“For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as internationalists and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.” –David Rockefeller from his 2002 autobiography Memoirs.

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Could it be that some, or even many, of the world’s recent financial problems – including meltdowns and crashes – are partly due to market manipulation these elite banksters (partially listed in this chapter) are doing in secret?

If the answer to that question is yes, then it is highly likely much of this subtle, semi-hidden manipulation of the “free market” is done via the much denigrated central banks.

 

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

 

INTERNATIONAL BANKSTER$  is Book #5 in The Underground Knowledge Series  and is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/

 

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Fewer than 1000 families own bulk of world’s money supply

Posted: January 3, 2016 in INTERNATIONAL BANKSTER$
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In our book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism, we advise readers it has been estimated by that the bulk of the world’s money supply is in the hands of less than 1000 families. Yes, you read that right: the bulk of the world’s money supply is in the hands of less than 1000 families.

 

A Rothschild family photo.

 

Readers are reminded these families include the likes of the Rockefellers, the Rothschilds, the British Royals as well as other elite dynasties. Their fortunes are said to consist of a mixture of Old World money, modern (declared) income, as well as invisible money and blood money.

In a chapter titled ‘The world’s hidden system of finance’ we expand on this. An excerpt follows:

In a similar vein, David Rothkopf’s 2008 book Superclass: The Global Power Elite and the World They Are Making, states that the world is governed by a group of 6000 elite individuals.

And according to Oxfam’s 2014 economic briefing, the wealth of the top 1% in the world amounts to US$110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.

Another staggering statistic from Oxfam’s briefing was that, collectively, the financial worth of the world’s 85 wealthiest people approximately equals that of the poorer half of the world’s total population. In other words, and get this – the richest 85 individuals have as much wealth as the 3.5 billion or so people who make up 50% of the world’s population and who are categorized as the poorest on the planet!

What if those 85 Rich Listers got together – assuming they or their representatives haven’t already – and agreed on certain financial things?

Things like bailing out private banks facing bankruptcy, lobbying for the amalgamation of various currencies, forcing austerity measures upon vulnerable nations sinking in debt or anything else that fits their definition of a better world?

With their financial clout and inherent power, surely almost anything imaginable would be achievable for the global elite. After all, who would have the power to stop this uber-powerful niche – the .000000001% of the world’s population, who control the bulk of the world’s money supply?

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“Whoever controls the volume of money in any country is absolute master of all industry and commerce. And when you realize that the entire system is very easily controlled, one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” ‒James A. Garfield, 20th President of the United States and one of only four presidents to have been assassinated.

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T.B.C.

 

INTERNATIONAL BANKSTER$  is Book #5 in The Underground Knowledge Series and is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/

 INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

 

http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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‘INTERNATIONAL BANKSTER$’ highlights former Archbishop’s damnation of banking sector

Posted: December 18, 2015 in INTERNATIONAL BANKSTER$
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There’s nothing new about the morality of banks and bankers coming into question, but it’s not every day the banking sector attracts criticism from a former Archbishop of Canterbury. In our book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism, we draw attention to what former Archbishop George Carey has to say about this highly lucrative sector.

 

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

 

The relevant excerpt from INTERNATIONAL BANKSTER$  follows:

In a Daily Mail article dated June 29, 2012, one George Carey, former Archbishop of Canterbury, delivered a damning critique of the banking sector – a sector he describes as “an important part of the network of institutions which build a civil society”.

Former Archbishop Carey writes, “Thus evidence of corruption in our banks, and the resulting collapse of public trust in them, affects our very democracy.

“It is not an exaggeration to say that the sort of widespread alienation we are now witnessing among the public towards these multi-billion-pound behemoths can lead to civil unrest.

“Why? Because in more and more cases, naked greed seems to have been the driving force for many self-serving individuals in these institutions.

“That said, the real crisis we are facing is not a financial but a moral one. And it is a direct result of the something-for-nothing culture which is poisoning our society”.

Carey continues, “It seems utterly wrong that, at a time when banks have been rescued by the public purse to the tune of billions of pounds, they continue to dole out huge bonuses to their executives.

“To add insult to injury, they stand accused of refusing to lend to home-buyers and small businesses, thus causing even greater frustration and hardship for the hard-pressed man and woman in the street.

“Are they contrite? Hardly. All we see are greedy traders at Barclays systematically rigging interest rates to make their fortunes. And this comes just days after computer glitches at Nat West which left thousands of customers in uncertainty and financial trouble.

“It is hard not to conclude that institutionalised corruption is rife throughout today’s banking industry…What is needed now is a determination to open up the banking industry to a proper public inquiry”.

Archbishop Carey concludes, “Criminal charges must be brought where there is serious malpractice and corruption. This would only be a start, but at least it would begin to restore the public’s faith in institutions which seem far more interested in profits than morals”.

T.B.C.

 

INTERNATIONAL BANKSTER$  is Book #5 in The Underground Knowledge Series  and is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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Wall Street shenanigans highlighted in ‘INTERNATIONAL BANKSTER$’

Posted: November 22, 2015 in INTERNATIONAL BANKSTER$
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When researching INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism – Book #5 in our Underground Knowledge Series – the following comment by American business magnate Warren Buffet got us thinking: “If a graduating MBA student were to ask me, ‘How do I get rich in a hurry?’ I would not respond with quotations from Ben Franklin or Horatio Alger, but would instead hold my nose with one hand and point with the other toward Wall Street.”

Now when the man recognized as the world’s most successful investor speaks, you gotta take note, right? So we did, and we included our own critique of Wall Street bankers in INTERNATIONAL BANKSTER$, in a chapter somewhat appropriately titled ‘Banksters on the rampage.’

An excerpt from the chapter follows:

In an article dated November 23, 2014 in USA Today, columnist John Maxfield predicts “There will come a time in the not-too-distant future when Wall Street banks won’t be regularly chastised for ripping off customers, defrauding the federal and state governments, facilitating tax evasion, laundering money for sworn enemies of the United States, and manipulating bond, interest rate, foreign-exchange, and energy markets. When this time comes, however, it shouldn’t be interpreted as a sign that things have changed”.

Maxfield says, “Between 2012 and 2013, eight banks – UBS, The Royal Bank of Scotland, Rabobank, Deutsche Bank, Societe Generale, Barclays, JPMorgan Chase, and Citigroup – paid $6 billion to settle allegations that they manipulated the London interbank offered rate benchmark, one of the most widely tracked interest rate indexes in the world”.

Among the examples he lists, from 2013, is a combined US$9.3 billion payment from “more than a dozen banks… to make amends for systematically submitting fraudulent documents to courts in foreclosure proceedings”.

Maxfield says, “Thus, the question is whether these practices are indeed isolated incidences of employee misconduct, as the banks would like us to believe, or instead whether they’re indicative of a pattern of behavior that’s endemic on Wall Street. I suspect it’s the latter”.

He concludes, “Of course, it’s impossible to forensically prove that corruption is woven into the fabric of Wall Street banks – and, specifically, at companies with significant trading operations where the temptation to skirt the rules seems to be greatest. That’s certainly what history suggests. And it’s also what the ongoing regulatory assault on the industry implies. But, again, there is no way to quantitatively demonstrate this.

“But what we can say is that there is a noxious air of impropriety that has enveloped these operations. And, rightly or wrongly, this reputational baggage subjects shareholders of these banks to more risk than, at least in my opinion, is warranted by any reasonable estimate of future returns”.

As Maxfield implies, the major Wall Street banks seem to have fraudulent activities down to a science and it’s often virtually impossible to detect the sleight of hand in their activities.

TBC

 

You have been reading an excerpt from INTERNATIONAL BANKSTER$.

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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‘INTERNATIONAL BANKSTER$’ examines phenomenon known as Fiat Money

Posted: November 6, 2015 in INTERNATIONAL BANKSTER$
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Many veterans of the banking and financial sectors have either stated or heavily implied that the world’s money supply is essentially being created out of thin air and has no real value. Those who subscribe to this school of thought say the shaky foundations of financial systems in the 21st Century is mainly down to the fact that all countries use Fiat Money, or inconvertible paper money made legal tender by government decree.

We examine the phenomenon that is Fiat Money in INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism – Book #5 in our Underground Knowledge Series.

An excerpt from INTERNATIONAL BANKSTER$  follows:

Throughout history, at various times and as recently as only several decades ago, other monetary systems were traditionally used such as Commodity Money or Representative Money. This meant the value of the money was either in the currency itself (e.g. real gold and real silver coins) or else the currency was a direct representative of a real commodity in physical storage (e.g. gold and silver certificates).

However, other financial whistleblowers argue the monetary and inflationary problems undermining the world at present have more to do with the fraudulent activities within elite banking circles than they do with the Fiat Money system.

This headline in The Washington Post edition of May 20, 2015, caught our eye: “Five big banks agree to pay more than $5 billion to settle regulatory charges.” That sounded like a reasonably large fine to us…until one critic described it as “a slap on the wrist”. When you consider the monies involved, that critic is probably right.

Excerpts from The Washington Post article follow:

“Five of the world’s largest banks have agreed to pay more than $5 billion in fines to settle charges made by regulatory agencies and the Justice Department that the banks had acted in concert to manipulate international interest and foreign currency exchange rates.

“Attorney General Loretta E. Lynch said the banks had engaged in ‘brazenly illegal behavior . . . on a near-daily basis.’ She added that the deal showed that the government ‘intends to vigorously prosecute all those who tilt the economic system in their favor (and) who subvert our marketplaces’.”

The article continues, “The scale of the price-fixing scandal is hard to grasp, yet it touched, imperceptibly, almost every company and individual in the financial markets. By tweaking global benchmarks used to set foreign exchange and interest rates for a staggering number of transactions a day, the banks — over several years — bilked billions of dollars of extra profits by altering rates in their favor.

“Critics complained that the Justice Department had failed to prosecute any additional individuals… The fines, however, are among the largest ever. Barclays will pay $2.4 billion and fire eight employees who violated New York banking law for attempting to manipulate spot foreign exchange markets, in which $500 billion worth of dollars and euros are traded every day — five times as much as on all U.S. stock markets combined…

“Dennis Kelleher, president of Better Markets, a non-profit group, said that the Justice Department had not done enough, saying ‘it talks tough, but winks at Wall Street’s too-big-to-fail banks’ criminal conduct, structuring sweetheart deals to minimize the impact on the criminals.’ Kelleher said the fines alone wouldn’t deter future criminal acts and that the Justice Department should punish bank executives and their supervisors for bad behavior. ‘Banks don’t commit crimes, bankers do,’ he said”.

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“We know now that Government by organized money is just as dangerous as Government by organized mob.” –Franklin D. Roosevelt

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“Banking is changing, slowly, but its culture is still corrupt.” That’s according to a headline in The Guardian newspaper’s edition of November 16, 2014.

In the article beneath that revealing headline, Guardian columnist Will Hutton says, “Another week, another financial scandal. Six global banks, including RBS and HSBC, were fined £2.6bn last week for rigging the foreign exchange markets. Since 2008, total fines levied in Europe and the US for banking crimes and misdemeanours now top £100bn, with banks making provision for a further £60bn. British banks alone have set aside an estimated £30bn for fines, provisions and litigation costs.”

Hutton asks, “What has gone wrong with Western finance?”

We are asking the same question.

Hutton continues, “The systemic ripping off of customers continued after the financial crisis to constitute what is now the biggest-ever global corporate scandal. Banks worldwide duped clients into buying products that were either not needed or provided no purpose. Worse, they organised financial markets whose purpose was to serve their own interests rather than those they purported to serve. It has proved a hard habit to break.

“British banks selling payment protection insurance (PPI) products on an industrial scale were doing what a street vendor in a bazaar might try. It shouldn’t have happened but it’s a perennial temptation. Finance is more exposed to this sort of risk, because customers are more credulous about financial products; and also because regulators have allowed banks to book the profits from products they sell on the moment of sale rather than over their life”.

Hutton concludes, “And yet reading the chatroom banter, with its echoes of the banter over mis-selling PPI, rigging interest rates or derivatives, offers a window into a very degraded culture. Making money from money, with the clients’ interest last, is too dominant an element in the culture of investment bankers. Companies are seen by too many people, notably shareholders, as just instruments for self-enrichment”.

But honestly, what can we expect from banksters when all they usually receive is a “slap on the wrist” from lawmakers whenever they get caught doing wrong?

TBC…

You have been reading an excerpt from INTERNATIONAL BANKSTER$.

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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Welcome to the world of banking…creating $$$$$ outta thin air!

Posted: October 20, 2015 in Uncategorized
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Many veterans of the banking and financial sectors have either stated or heavily implied that the world’s money supply is essentially being created out of thin air and has no real value. Those who subscribe to this school of thought say the shaky foundations of financial systems in the 21st Century is mainly down to the fact that all countries use Fiat Money, or inconvertible paper money made legal tender by government decree.

We address this in book five in The Underground Knowledge Series – the contentious new release, INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

An excerpt from INTERNATIONAL BANKSTER$  follows:

Throughout history, at various times and as recently as only several decades ago, other monetary systems were traditionally used such as Commodity Money or Representative Money. This meant the value of the money was either in the currency itself (e.g. real gold and real silver coins) or else the currency was a direct representative of a real commodity in physical storage (e.g. gold and silver certificates).

However, other financial whistleblowers argue the monetary and inflationary problems undermining the world at present have more to do with the fraudulent activities within elite banking circles than they do with the Fiat Money system.

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“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air ‘money’ require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.” –Chris Martenson

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This headline in The Washington Post  edition of May 20, 2015, caught our eye: “Five big banks agree to pay more than $5 billion to settle regulatory charges.” That sounded like a reasonably large fine to us…until one critic described it as “a slap on the wrist”. When you consider the monies involved, that critic is probably right.

Excerpts from that article follow:

“Five of the world’s largest banks have agreed to pay more than $5 billion in fines to settle charges made by regulatory agencies and the Justice Department that the banks had acted in concert to manipulate international interest and foreign currency exchange rates.

“Attorney General Loretta E. Lynch said the banks had engaged in ‘brazenly illegal behavior . . . on a near-daily basis.’ She added that the deal showed that the government ‘intends to vigorously prosecute all those who tilt the economic system in their favor (and) who subvert our marketplaces’.”

The article continues, “The scale of the price-fixing scandal is hard to grasp, yet it touched, imperceptibly, almost every company and individual in the financial markets. By tweaking global benchmarks used to set foreign exchange and interest rates for a staggering number of transactions a day, the banks — over several years — bilked billions of dollars of extra profits by altering rates in their favor.

“Critics complained that the Justice Department had failed to prosecute any additional individuals… The fines, however, are among the largest ever. Barclays will pay $2.4 billion and fire eight employees who violated New York banking law for attempting to manipulate spot foreign exchange markets, in which $500 billion worth of dollars and euros are traded every day — five times as much as on all U.S. stock markets combined…

“Dennis Kelleher, president of Better Markets, a non-profit group, said that the Justice Department had not done enough, saying ‘it talks tough, but winks at Wall Street’s too-big-to-fail banks’ criminal conduct, structuring sweetheart deals to minimize the impact on the criminals.’ Kelleher said the fines alone wouldn’t deter future criminal acts and that the Justice Department should punish bank executives and their supervisors for bad behavior. ‘Banks don’t commit crimes, bankers do,’ he said”.

File:Exchange Money Conversion to Foreign Currency.jpg

We gotta ask…What value do currencies really have?

“Banking is changing, slowly, but its culture is still corrupt.” That’s according to a headline in The Guardian  newspaper’s edition of November 16, 2014.

In the article beneath that revealing headline, Guardian  columnist Will Hutton says, “Another week, another financial scandal. Six global banks, including RBS and HSBC, were fined £2.6bn last week for rigging the foreign exchange markets. Since 2008, total fines levied in Europe and the US for banking crimes and misdemeanours now top £100bn, with banks making provision for a further £60bn. British banks alone have set aside an estimated £30bn for fines, provisions and litigation costs.”

Hutton asks, “What has gone wrong with Western finance?”

We are asking the same question.

Hutton continues, “The systemic ripping off of customers continued after the financial crisis to constitute what is now the biggest-ever global corporate scandal. Banks worldwide duped clients into buying products that were either not needed or provided no purpose. Worse, they organised financial markets whose purpose was to serve their own interests rather than those they purported to serve. It has proved a hard habit to break.

“British banks selling payment protection insurance (PPI) products on an industrial scale were doing what a street vendor in a bazaar might try. It shouldn’t have happened but it’s a perennial temptation. Finance is more exposed to this sort of risk, because customers are more credulous about financial products; and also because regulators have allowed banks to book the profits from products they sell on the moment of sale rather than over their life”.

Hutton concludes, “And yet reading the chatroom banter, with its echoes of the banter over mis-selling PPI, rigging interest rates or derivatives, offers a window into a very degraded culture. Making money from money, with the clients’ interest last, is too dominant an element in the culture of investment bankers. Companies are seen by too many people, notably shareholders, as just instruments for self-enrichment”.

But honestly, what can we expect from banksters when all they usually receive is a “slap on the wrist” from lawmakers whenever they get caught doing wrong?

____________________________________

“We know now that Government by organized money is just as dangerous as Government by organized mob.” –Franklin D. Roosevelt

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You have been reading an excerpt from INTERNATIONAL BANKSTER$. (To be continued).

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

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Authors take a real close look at banking in the 21st Century – and don’t like what they see!

Posted: October 9, 2015 in INTERNATIONAL BANKSTER$
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You don’t need to be a financial wizard to know that corruption is alive and well inside the global finance sector. On a daily basis we are bombarded with mainstream news headlines confirming exactly that – the corruption rumors swirling about the European Union (EU) and the escalating Greek financial crisis being a case in point.

We explore these themes in our new release book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

An excerpt from the book follows:

Banks and bankers, of course, are at the very apex of the finance sector. So let’s take a closer look at banking in the 21st Century.

Surprisingly, some of the most perceptive insights into today’s banking system and the problems that pervade it are to be found within alternative media. It turns out there’s a number of former bankers and money men (and women) to be found within the ranks of the citizen journos, or lay journalists, who ‘man’ these alternative media sites.

One of the best summaries of corruption of the banking system, in our opinion, is to be found on the appropriately named TheAlternativeMedia.com  site. On that site, one Mitchell Cagle writes:

“Banks for decades have been the central source of where we save, manage and deposit our money. Many people do not know what actually goes on when your money is deposited. The bank uses your money to invest then gives you a fraction of what they make in interest. Sometimes that interest can actually end up being nothing due to the “fees” they actually charge that are excessive and fraudulent in most cases.

“Lately, banks have increased these fees some 54% resulting in profits of 34 billion dollars per year. It becomes increasing(ly) difficult to balance a checkbook anymore because of these “hidden fees”. If you have a savings account, you are also being ripped off with monthly fees just for having the privilege”.

Cagle lists the following as “examples of how we are being ‘feed’ to death by the banks:

“Banks engage in abusive practices that maximize overdraft fee revenue. The most common triggers of these fees are small debit card transactions that could easily be denied for NO fee.

“They charge exorbitant fees that bear NO relationship to the cost of covering an overdraft.

“They charge excessive numbers of overdraft fees over the course of a day, month or year.

“Automatically enrol customers in the most expensive overdraft protection possible.

“Monthly fees from nine dollars to thirty dollars for checking and savings accounts that used to be FREE.

“They push customers to use debit cards because it cost them LESS to process but GOUGE retailers and customers because of the monopoly setup of the payment system”.

But of course hidden fees are minor tools, or strategies, compared to other tricks of the trade employed by banksters.

 

A sea of never-ending debt

For a more ‘qualified’ insight into the money system, money markets and banking, you can’t go past Ellen Brown’s bestseller Web of Debt. An attorney, Ms Brown is founder of America’s Public Banking Institute. She’s also a harsh critic of what she describes as the money system.

Web of Debt’s blurb reads:

“Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by private money lenders. Thomas Jefferson called them ‘bold and bankrupt adventurers just pretending to have money.’ Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money.

“Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as ‘derivatives,’ which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn’t enough money in the entire global economy to bail out the banks from a massive derivatives default today”.

Even if Ms Brown is only partially right in that assessment, it still means there is a massive monetary predicament looming.

 

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air ‘money’ require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.” –Chris Martenson

 

You have been reading an excerpt from INTERNATIONAL BANKSTER$. (To be continued).

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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Wanna know who’s manipulating the financial markets behind the scenes? Follow the money!

Posted: September 29, 2015 in INTERNATIONAL BANKSTER$
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INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism, book five in our Underground Knowledge Series, identifies who is responsible for the gigantic financial gulf that separates the top 1% of the population from the common people, or the 99%.

The financial overlords illuminated in INTERNATIONAL BANKSTER$  include the powerbrokers at Wall Street banks, European central banks, the US Federal Reserve and the Vatican Bank, as well as elite banking dynasties such as the Rothschild and Rockefeller families.

This new release book discloses the real reasons for the series of recent financial crises. These reasons include: the secret world of “black money” and Old World money where most assets and income remain undeclared; the central banking system and the true nature of the Federal Reserve; the less-than-holy financial activities of the Vatican; the IMF and World Bank’s sometimes less-than-charitable dealings with the Third World; the austerity measures currently being inflicted on vulnerable nations like Greece; as well as the theory that the world’s money supply is essentially being created out of thin air.

Beyond identifying the problems and exposing corruption, INTERNATIONAL BANKSTER$  proposes ideas for creating a fairer economic system. These ideas include: publicly owned banks; utilizing certain aspects of Islamic banking which may be compatible with Western banking systems; exploring whether capitalism and socialism can actually work in tandem; arguing the case to maintain but restructure capitalism; considering the merits of a universal income; and predicting how cybermoney, or cryptocurrencies, will influence the world economy in the coming years.

Though the subjects covered may be monetary issues, that’s on the surface only. In reality, they are humanitarian issues. As the authors state in the book’s opening pages, “Starving the masses of financial opportunities, sinking them in debt and cheating them out of various services their taxes should pay for, are among the greatest sins those in power can commit.”

As governments around the world continue to bail out privately-owned banking institutions ahead of rescuing the millions of citizens facing bankruptcy and eviction from their homes, INTERNATIONAL BANKSTER$  is a timely read.

International Banksters cover

 

INTERNATIONAL BANKSTER$  is available exclusively on Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

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‘INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism’

Posted: September 24, 2015 in INTERNATIONAL BANKSTER$
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There’s a growing awareness in the general population of large-scale financial corruption by the global elite, or the 1%, if you will. This motivated us to write about it — INTERNATIONAL BANKSTER$, book five in The Underground Knowledge Series, has just been released on Amazon.

International Banksters cover

The Introduction from this book follows:

Since the Global Financial Crisis of 2007-2008, many people around the world have been questioning whether there are certain figures or groups manipulating financial markets behind the scenes.

This speculation intensified with the ensuing government bailouts of privately owned banking institutions ahead of the millions of citizens facing bankruptcy.

As a result, many in the West now regularly second-guess their governments and assess any “financial relief packages” or “economic stimulus plans” with a high degree of suspicion and cynicism.

Occupy Wall Street protestors show what they think of a corrupt economic system.

What certain corrupt politicians and so-called business leaders may have overlooked is that the public are not stupid, and what the average person lacks in specific knowledge of financial markets they make up for in spades with street smarts and life experience. That and the masses have finally caught on to what has been going on for decades, if not centuries, with the money men of the world.

There’s a growing awareness in the general population of large-scale financial corruption by the global elite, or the 1%, if you will.

Surveys have also shown that a big percentage of the public feel they’re being manipulated by corporations, banks, international interests and the media as well as by politicians who appear to have less respect for voters than ever before.

It’s almost as if the public sense there must exist within government little-known powerbrokers who are not for the people, but actually against them. Powerbrokers who are essentially thieves operating in the shadows and getting richer and richer at the expense of the average citizen.

Let’s face it, it’s a really perverse world where we have almost unlimited military expenditure to finance wars, where our governments readily bail out privately-owned banks with multi-trillion dollar relief packages, and yet politicians tell us there is not enough money to cover the measly costs of our own citizens’ basic healthcare, food, education and shelter.

As to the question of who is responsible for this gigantic financial inequity, the prime suspects are the banking elite who are clearly some of the most powerful and influential people on the planet. They shape the modern world far more than politicians do in our opinion. After all, money can buy administrations. Some would even argue money can buy elections as well.

As a result of the public waking up to these sophisticated undercurrents beneath the surface of almost every major financial fraud, bankers are now held in about as high regard as criminal defence lawyers, used-car salesmen, debt collectors, arms traders and even drug traffickers.

We trust all this justifies our usage of the word bankster to describe throughout this book the morally questionable banking profession. Bankster, by the way, is a portmanteau or blend word derived from combining “banker” and “gangster”. Its plural form, “banksters,” refers to the commonly acknowledged predatory element operating within the financial sector.

We should point out, however, that whenever we use the term bankster it always denotes a high-level banker holding a senior position in the likes of major Wall Street banks, the Vatican Bank, the US Federal Reserve or the World Bank. So rest assured, the bank manager at your local branch is not (usually) a “bankster” and is unlikely to have been associated with any of the explosive financial crimes mentioned in this book.

This book is divided into two sections. Part One outlines the problems we’ve identified in banking and finance, while Part Two proposes possible solutions.

The first section is necessary because in order to consider solutions the problems must first be identified and dissected. Many books in this “exposing corruptions” genre offer no solutions to the problems; we hope you will agree that INTERNATIONAL BANKSTER$ is not one of those.

In Part One, titled The Financial Overlords, we cover many of the major financial issues the world is enduring right now. Subjects include: the secret world of “black money” and the elite banking dynasties; the central banking system and the true nature of the US Federal Reserve; the less than holy financial activities of the Vatican Bank; the IMF and World Bank’s sometimes less-than-charitable dealings with the Third World; the austerity measures currently being inflicted on vulnerable nations like Greece; as well as the theory that the world’s money supply is essentially being created out of thin air.

In Part Two, titled Potential Solutions, we propose ideas for creating a fairer economic system. These ideas include: publicly owned banks; utilizing certain aspects of Islamic banking which may be compatible with Western banking systems; exploring whether capitalism and socialism can actually work in tandem; arguing the case to maintain but restructure capitalism; and predicting how cybermoney, or cryptocurrencies, will influence the world economy in the next few years.

We view the subjects covered in this book as being monetary issues on the surface only. In reality, they are humanitarian issues.

There’s more than enough money to feed these starving kids…So why are they starving?

Starving the masses of financial opportunities, sinking them in debt and cheating them out of various services their taxes should pay for, are among the greatest sins those in power can commit. These sins result in widespread poverty, unemployment, increased crime rates, homelessness, drug addiction, overcrowded prisons and a whole host of other social problems.

We hope this book will contribute to the growing awareness in the mass populace that there is, contrary to what the Establishment tells us, enough wealth in the world to fix most of the biggest challenges our planet is currently facing.

Product Details

You have been reading an excerpt from INTERNATIONAL BANKSTER$. To read more go to Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/

 

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