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JP Morgan Chase – Goldman Sachs – Deutsche Bank: Die Betrugs Maschinerie im „Ponzi“ System

April 1, 2012

Er äusserte sich anlässlich der Feier auf Jekyll Island am vergangenen Wochenende und sie waren unter sich, deshalb möglichweise diese Offenheit. Das Publikum draussen sollte das sicher nicht hören.

Alan Greenspan machte ein erstaunliches Eingeständnis. Viele der Handlungen die zur Finanzkrise führten waren illegal, kriminell und bedeuten eindeutig Betrug.

Gangster Banks Keep Winning Public Business. Why?

POSTED: March 22, 9:40 AM ET

jp morgan
A man walks in front of the JP Morgan Chase building in New York.
Chris Hondros/Getty Images

A friend of mine sent this article from Bloomberg, along with the simple comment: „Perfect.“ What’s perfect? That the banks that have been caught repeatedly ripping off communities and munipalities — banks that have paid hefty settlements for rigging bids, bribery and other sordid misdeeds — keep winning the most public business. Apparently, our public officials aren’t concerned about whom they hire to serve as the people’s investment bankers.

From the piece, entitled „JPMorgan Claims No. 1 for Government Debt After Jefferson County“:

JPMorgan, which emerged from the worst financial crisis since the 1930s as the most profitable U.S. bank, has parlayed crisis-era loans to cities and states and a willingness to outbid other firms in local government bond auctions into becoming the top underwriter of municipal debt last year, according to data compiled by Bloomberg. It was the first time the firm held that rank.

The turnaround was a milestone for JPMorgan’s municipal- bond department, which has been marred by its involvement in two of the biggest scandals in the history of U.S. public finance: a so-called pay-to-play scheme in Jefferson County, Alabama, that contributed to the biggest-ever U.S. municipal bankruptcy, and a federal probe that uncovered bid rigging of municipal-bond investment products.

This story dovetails with the larger story I have out in the magazine now about Bank of America, another Too-Big-To-Fail behemoth that placed a very close second in the area of municipal bond business, according to the Bloomberg survey. Chase managed $35.7 billion in long-term bond sales, while BOA/Merrill Lynch came in at about $200 million less.

Why does this matter? Because both banks, Chase and Bank of America, have been repeatedly tied to scandals involving the issuance of public debt. Bank of America paid a $137 million settlement for rigging the bids of bond issues in numerous communities (including places as far away as Guam), while Chase also paid a big settlement of $211 million last year for more or less exactly similar offenses involving localities in 25 different states.

Chase also entered into a $722 million settlement with the government over its behavior in Jefferson County, Alabama, where the bank essentially bribed local officials to take on onerous swap deals that left the county in debt until the next millenium.

Read more:

Greenspan – US-Bankensystem ist voller Betrug

Die Geldwäsche der Banken, für den Drogen- Waffen Handel und über Projekt Entwickler

Georg Soros, Ackermann und der grösste Betrug der Welt Geschichte: Banken und der Papier $

Demonstrationen, gegen die Betrugs Wallstreet Bank Gangster in New York

Drogen – Wallstreet und CIA im Frank Wisner Drogen Kartell


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  1. markus13
    November 4, 2013 um 11:50 am
    CRIMINAL BARONS THAT CONTROL GOLDMAN SACHS, JP MORGAN, DEUTSCHE BANK, UBS, ETC. IMPLEMENT GENOCIDES, ROBBERIES AND MISERY IN UNITED STATES AND EUROPE Glass-Steagall or Mass Genocide October 31, 2013 • 10:09AM CLICK HERE FOR PDF OF MASS CIRCULATION LEAFLET CLICK HERE FOR PDF FOR ENDORSING THE STATEMENT LaRouche PAC issued the following statement, for mass circulation, on Oct. 30, 2013. The entire trans-Atlantic financial system is hopelessly bankrupt, and the only solution to this crisis is the immediate reinstatement of Glass Steagall in the United States. Unless the Congress passes Glass Steagall in the coming days and weeks, with a veto-proof majority, breaking the power of Wall Street and restoring a commercial banking system free from the quadrillion dollars in derivatives and other gambling debts, the American people will soon be facing a mass kill, far beyond the genocidal horrors that have been imposed on Greece, Portugal, Ireland, Cyprus and Spain. Wall Street must be bankrupted before they bankrupt us all. Every month, the Federal Reserve, with the full backing of President Obama, pumps $85 billion in fresh bailout money into Wall Street and the major European banks. At the same time, the White House and Congress have agreed to impose killer austerity cuts on the vast majority of Americans. In the coming months, the body count will skyrocket, as health insurance costs triple, as the health care delivery system is vastly scaled back, and vital social safety net programs, from Medicare and Medicaid to Social Security and Food Stamps, are stripped down to a minimum. Already, under Obamacare,14 million Americans have lost their existing health insurance, thousands of doctors have been fired by the major HMOs, critical care hospitals are to be shut down all across the American heartland, and home health care services are being cancelled. Whether you can afford health insurance or not, the doctors, nurses, hospitals and research facilities are not going to be there unless you are among the wealthiest handful of Americans. To be blunt: This is how it was in Nazi Germany under the Hitler T-4 euthanasia program, and this is how it is in Great Britain today with the Tony Blair-initiated N.I.C.E. program, under which medical care is denied to those deemed to be lives not worth living. In order to feed the otherwise bankrupt Wall Street’s insatiable appetite for bailouts, hard-working Americans are being told that their pensions can no longer be paid and they are facing a brief life of abject poverty, despite decades of contributions to their pension plans. City workers in Detroit have been told that their pensions will be cut by 90 percent, which is nothing less than a death sentence. What is happening in Detroit today is in the near-future for every city in America. In New York City, the home of the Wall Street too-big-to-fail banks, the official poverty rate is 46 percent. Under Title II of the Dodd-Frank bill, not even your household savings accounts are secure. As in Cyprus, your savings will be looted as part of the so-called bail-in scheme to save the banks at all costs. The message coming from Washington is clear: If you are old, sick or disabled, you are as good as dead. If you are young, you have no future. The message is coming from President Obama and from Congressional Republicans, who are fully complicit in plans to vastly reduce Social Security, Medicare and Medicaid. So far, the vast majority of Democrats in Congress have been cowed into accepting Obama’s diktats. The only serious fight-back is coming from those in Congress who are backing the return to Glass Steagall. With two bills in the Senate (S. 985 and S. 1282) and one in the House (HR. 129) with 75 co-sponsors, Glass Steagall could be restored now. It is no exaggeration to say that this is a life or death issue. Under Glass Steagall, the United States can return to a Constitutionally-mandated credit system and launch an era of unprecedented economic growth and prosperity for all. Without Glass Steagall, we are facing mass kill. CLICK HERE FOR PDF OF MASS CIRCULATION LEAFLET CLICK HERE FOR PDF FOR ENDORSING THE STATEMENT 1) THE ABOLITION OF THE GLASS-STEAGALL ACT PLAYED A FUNDAMENTAL ROLE IN THE POLICE OF MASSIVE REDUCTION OF THE POPULATION. “ Under Glass-Steagall, U.S. enjoyed nearly 50 years of prosperity October 30, 2013 • 4:48PM “Under Glass-Steagall, the nation enjoyed nearly 50 years of prosperity. Commercial banks loaned money. Investment banks did deals. Securities firms sold stocks and bonds. Insurance companies sold insurance. It worked,” points out St. Louis Post-Dispatch. The reprint of the Post-Dispatch article in a website, indicates the growing urge among the millions to reinstate the Glass-Steagall Act of 1933 and prevent a massive financial and economic collapse which many fear is waiting in the wings. Recalling the role of Robert Rubin, President Clinton’s Treasury Secretary and co-chairman of Goldman Sachs in repealing Glass-Steagall, St. Louis Post-Dispatch went on to say that the boom years of the 2000s seemed to validate his wisdom. The world was awash in cheap capital. But, “then came 2008. The big banks had used federally insured deposits to invest in exotic financial instruments backed by outrageous mortgages. The banks were leveraged far beyond what their capital holdings would support. The world financial system teetered on the brink.” Pointing out the failure of President Obama to change the economic situation that existed in 2008, Post-Dispatch says : “Here’s a campaign slogan: Bring back Glass-Steagall. It was good enough for FDR. It was good enough for 50 years of prosperity. The money that is churning through international finance these days is doing just that — churning, creating profits, not jobs. It makes food and fuel and most everything else more expensive. It is an outsized Ponzi-scheme that enriches the few at the expense of the many.” ( Pro-Manufacturing Senators: Return to Glass-Steagall and the FDR Paradigm ) WHO CONTROLS GOLDMAN SACHS, ONE OF THE BANKS THAT WANTED THE ABOLITION OF THE GLASS-STEAGALL ACT ? GOLDMAN SACHS IS CONNECTED ALSO WITH WARREN BUFFET A FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD. Lord JACOB ROTHSCHILD „Hosted the European Economic Round Table conference in 2002 at Waddesdon Manor, attended by such figures as James Wolfensohn, Nicky Oppenheimer, Warren Buffet, and Arnold Schwarzenegger “ The same Warren Buffet, that is chairman of Berkshire Hathaway, “ agreed to purchase $5 billion in Goldman’s preferred stock „. GOLDMAN SACHS IS CONNECTED ALSO WITH THE EDMOND DE ROTHSCHILD. THE EDMOND DE ROTHSCHILD IS OWNED BY BENJAMIN DE ROTHSCHILD ( ) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( ) “ Benjamin de Rothschild, only son of the late Edmond de Rothschild, was a classic case of great expectations gone astray. Despite being groomed for greatness from a young age, as a teenager he skipped university and instead headed for Los Angeles with dreams of being a film producer. In LA he started taking drugs, and ended up on heroin. Meanwhile, he failed to make it into Hollywood’s charmed circle and bombed as a film-maker. “ 2) „Easy-Kill“ Emanuel Trotted Out to Defend Nazi Obamacare October 28, 2013 • 8:47AM Displaying its typically unrepentant, „in your face“ attitude, the Obama administration deployed Ezekiel „Easy-Kill“ Emanuel this past weekend, to proclaim the virtues and success of Obamacare, even while making clear that its purpose is to kill people. Emanuel, one of Obamacare’s chief architects, is perhaps the most visible face of its evil Nazi intent—other than Obama himself. First in an Oct. 25 interview with Fox News, and then in an appearance on CNN’s „State of the Union“ program this morning, Emanuel arrogantly waved off all charges that over a million people had had their health insurance plans canceled in the last few weeks because these didn’t conform to Obamacare’s standards, but that they would now end up paying much higher premiums and/or wouldn’t be able to access healthcare because of the fiasco of the website. To the charge by Fox’s Megyn Kelly and CNN’s Candy Crowley that Obama’s promise, „if you like your healthcare plan, you can keep it,“ was an empty one, Easy-Kill huffed and puffed, telling Crowley that the insurance plans that were just cancelled „are not worth the paper they’re written on.“ Obamacare offers much better care, he insisted. He had told Fox’s Kelly earlier that if insurance companies are raising their premiums or changing plans, or if employers are changing plans or not offering them, well, too bad. „That’s not the government doing this.“ The numbers being reported on young people not signing up „are irrelevant,“ he said. It will all be fixed in due time. The United Healthcare-linked Steve Zients, hired to fix all the glitches, is a great guy and he’ll take care of it. Making clear that Obamacare really is about killing, Ezekiel cited as its „successes“ the fact that hospital re-admission rates are already dropping, and that one of its key advantages will be that a lot more care „is going to be moved into the home“—naturally, since hospitals and clinics are being shut down at an accelerating rate—and that this is „very appropriate, because we’re going to have a lot more ability to monitor people in the home, fewer infections, fewer falls and a big cost savings.“ Louisiana Rep. John Fleming, also a physician with an active medical practice, challenged Ezekiel’s flippant remarks, pointing out that Obamacare means the end of the family physician and medical practices, rubbing in that Emanuel „is not a physician in the classic sense in terms of actually seeing patients…. He sits behind a desk reading all of the studies…. but the people are now experiencing all the damage and hurt that’s coming from this.“ „Belgium Wants to Kill Off Children and the Demented November 1, 2013 • 9:32AM Belgium, which followed the Dutch in legalizing euthanasia in 2002, is considering taking the next step in Hitler’s T-4 program — killing children and the demented. In an article in the „Health and Science“ (!) section of Thursday’s Washington Post, it is reported that the ruling Socialist Party in Belgium is considering extending their euthanasia law to children — a first for any country — and would also allow the murder of adults with early dementia — with their demented „approval,“ of course. WAPO reports: „Belgium is already a euthanasia pioneer. In the last decade, the number of reported cases per year has risen from 235 deaths in 2003 to 1,432 in 2012, the last year for which statistics are available. Doctors typically give patients a powerful sedative before injecting another drug to stop their heart.“ The Christian Democratic Flemish party has vowed to oppose the legislation and to challenge it in the European Court of Human Rights if it passes. However, the Post claims to be paraphrasing an Archbishop who opposes euthanasia, but argues for „alternatives like palliative sedation which make euthanasia unnecessary — and relieves doctors of the burden of having to kill patients.“ This is Tony Blair’s Liverpool Pathway, in which, the Post notes, „patients are sedated and life-sustaining support is withdrawn so they starve to death; the process can take days.“ It should be recalled that Ezekiel Emanuel, one of the key authors of Obamacare, wrote in 1996 that, in order to achieve a „just allocation of health care resources,“ useless eaters (in Hitler’s term), starting with the demented, should be denied health care. In his own words: „Services that promote the continuation of the polity — those that ensure healthy future generations, ensure development of practical reasoning skills, and ensure full and active participation by citizens in public deliberation — are to be socially guaranteed as basic. Conversely, services provided to individuals who are irreversibly prevented from being or becoming participating citizens are not basic and should not be guaranteed. An obvious example is not guaranteeing health services to patients with dementia.“ See „Ezekiel Emanuel: Death to Those With Dementia, as Useless Eaters“ “ ezekiel emanuel IS LINKED WITH obama AND THEREFORE WITH GOLDMAN SACHS. „Key figures in bringing about the ACA—including several with direct involvement in imposing this on the British health system— have explicitly expressed the T4 principle, that there are „lives not worthy“ to continue. Dr. Ezekiel Emanuel, a longtime advocate for this Hitler health view, was appointed by Obama, in early 2009, as the health adviser to the Office of Management and Budget. In April, 2009, he was put on the new Federal Coordinating Council on Comparative Effectiveness Research, to devise rationalizations for cutting medical treatment. In particular, Emanuel stressed that the Hippocratic Oath caused „over-use“ of medical resources, which must stop. “ „It was the launch of his presidential campaign and Goldman executives soon gave over $800,000 to jump start the Obama presidential bid along with collecting millions of dollars from their fellow Wall Street firms and clients. Oh yes, Robert Rubin became the Obama economic expert, a former CEO of Goldman Sachs. Billionaire Warren Buffet became his most trusted economic advisor, a man who was to invest $5 billion in Goldman Sachs in the height of the economic meltdown. Yet Buffet was also a personal guest of Lord Rothschild at a private conference at his English estate.“ „Obama’s „Hunger Cliff“ Hits November 1, 2013 • 9:00AM In a feature called „America’s new hunger crisis,“ MSNBC reported last night that food pantries are expecting the country to go over a „Hunger Cliff“ on Friday, Nov. 1. As LPAC has reported, directly because of President Obama’s orders to Congressional Democrats to allow the 2009 „stimulus“ food stamp program to expire, 48 million people are facing an immediate $5 billion cut in food stamp benefits. And at the same time, not to be outdone by the President, House Republicans are leading a drive in Congress for still further cuts, which are now being negotiated in the farm bill conference committee……“ “ Obama Cutting Food for 47 Million Americans October 30, 2013 • 4:43PM President Obama bears direct responsibility for the cuts in food consumption coming now for the 47 million Americans who need and use food stamps to avoid „food insecurity“ for themselves and malnutrition for their children. In 2009, when mass unemployment struck the United States and 15% were falling below even the absurdly low „official poverty line“, the so-called Stimulus Act (ARRA) added a subsidy to monthly food stamp „payments“. The subsidy has varied but has averaged $9 billion/year, as the number of Americans needing food stamps rapidly rose from 36 million to 47 million. But on several occasions in budget battles since then, Obama has told Democrats in Congress that there was „extra money in food stamps“ which they should offer to cut as of FY2013 or FY2014, in order to avoid other cuts. Why „extra“? Because Obama’s „recovery“ would lower the number of people needing the SNAP program. Congressional Democrats finally took Obama’s advice and ended the ARRA subsidy as of Nov. 1, 2014 — now. Many thought they would restore the funds later, but that did not happen. On Nov. 1, then, with the national official poverty rate at about 16.2%, there will be a SNAP cut of $5 billion for 2014 (from an $80 billion annual level). This is a 5% cut in the level of benefits nationally, from a maximum of $133 to $124/month (individual) and from a maximum of $668 to $632/month for a family of four — most states‘ levels are lower. These cuts, dangerous to life, result directly from Obama’s „budget strategy“, which also includes cuts to Social Security and Medicare, some of which he has not yet forced Democrats to go ahead with. At the same time, the Farm Bill Senate/House conferees who met Oct. 30 are considering further cuts, of between $4.5 billion (Senate) and $40 billion (House) over 10 years. These cuts will reduce the number of recipients. The House version would knock about 5 million people off food stamps, and 280,000 children off free school lunches as well. Today 39 Democratic Senators, realizing that senior citizens, children, and disabled people, in particular, will die or suffer diseases of malnutrition as a result of this double-cut to SNAP, addressed a letter to the House/Senate conferees, urging that they make no „drastic cuts“. Also simultaneously, many states are imposing or considering additional cuts in eligibility, which will take still more food-short Americans off the SNAP program. “ „Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA“ „Guess Who else visited Obama at the White House…Lloyd Blankfein…Goldman Sachs’ CEO“ 3) “ United Healthcare, the largest insurer, with about 70 million insured, reported last summer that they had a particularly strong past year, with net income of $5.1 billion, up by 11% from the previous year; similarly for the others — even before the bonanza to result from the corporatist plan to force every American to buy their inflated products, beginning on October 1. United Healthcare, it should be recalled, has as a top executive Simon Stevens, who was Tony Blair’s health policy advisor and the architect of NICE (National Institute for Health and Clinical Excellence) in 1999, the „reform“ of the British National Health Service which imposed triage and genocide on the British people through selective denial of cancer drugs, surgeries, kidney dialysis, and other treatments. This was the model for the IPAB (Independent Payment Advisory Board), which is now the law of the land under Obamacare. Genocide can be profitable. “ „UnitedHealth Group Incorporated is a diversified managed health care company headquartered in Minnetonka, Minnesota, U.S. It is No. 17 on Fortune magazines top 500 companies in the United States.[5] UnitedHealth Group offers a spectrum of products and services through two operating businesses: UnitedHealthcare and Optum. Through its family of subsidiaries and divisions, UnitedHealth Group serves approximately 70 million individuals nationwide. “ THE BIGGEST SHAREHOLDER OF UNITEDHEALTH GROUP IS FIDELITY. FIDELITY IS CONNECTED WITH BOOZ ALLEN & HAMILTON. “ Abigail Pierrepont (Abby) Johnson[4] (born December 19, 1961) is an American businesswoman. Johnson is President of Fidelity Investments Personal and Workplace Investing. Fidelity was founded by her grandfather Edward C. Johnson II and her father Edward C. (Ned) Johnson III is its current CEO. As of March 2013 The Johnson family owns a 49% stake in the company.[3] She had a brief stint as a consultant at Booz Allen & Hamilton from 1985–86, completed an MBA at Harvard, and joined Fidelity Investments “ Arthur Johnson, an Independent Trustee of Fidelity, is also a director of Booz Allen & Hamilton. BOOZ ALLEN & HAMILTON IS LINKED WITH CARLYLE, BUSH FAMILY, BLACKSTONE AND DEUTSCHE BANK. „In 2008 Carlyle Group bought a majority stake in Booz Allen for $2.54 billion.“ “ Carlyle is the 11th largest defense contractor in the US. It is 20%-owned by Mellon Bank ( and is controlled by the powerful Blackstone Group (seeOverthrow of the American Republic), which dined cheaply on the carcasses of looted S&L’s at auctions held by Bush Sr.’s Resolution Trust Corporation. “ “ Henry Kissinger’s good friend Lord JACOB ROTHSCHILD sat on Bioport owner Blackstone’s International Advisory Board. (See Corexit Linked to the Blackstone Group and Lord Jacob Rothschild) “ “ Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc. “ Peter G. Peterson “ is founding Chairman of the Peterson Institute for International Economics “ Lynn Forester de Rothschild, the wife of EVELYN DE ROTHSCHILD, is a director of the Peterson Institute for International Economics. Blackstone is also related with the LCF EDMOND DE ROTHSCHILD, for example, through the person of Daniel Costa Lindo that is a M&A Analyst at Blackstone and was Private Equity Analyst at LCF Edmond de Rothschild. ( United Healthcare Firing Medicare Advantage Doctors, Panicking Elderly Patients ) „Healthcare Cuts Are Killing Americans Now November 1, 2013 • 8:47AM The Nazi policy embodied in Obamacare, with its „free market“ variant, is proceeding to implement genocide, by cutting off medical care. Two recent examples — one due to the cutoff of insurance coverage, and the other to dissemination of the killing policy of denying treatment to those considered „not worthy of life,“ give you a sensuous picture of how this is proceeding. Here is testimony from a low-income woman in her early ’60s, diagnosed with sickle beta thalessemia, who depends on regular treatment for survival: „Last month, the day before my scheduled visit to an infusion nurse in the Boston Medical Center’s Cancer Care Section of the Hematology/Oncology Clinic, the hospital phoned to inform me that they no longer had a contract with AARP Medicare Complete, insured through UnitedHealthCare. „Hence, I could not receive my treatment there the next day. I’ve been treated there for the past 15 years. „One of the physicians who cares for me assisted in helping me to get set up at Dana Farber Cancer Institute. I was fortunate, but this physician told me that the infusion nurses in this section of the hospital are extremely upset because this drop [of coverage] now affects at least another 50-plus patients—many of whom are not able to delay their treatments, or go to another hospital with knowledge of their illnesses.“ The second example pertains to denial of care to those considered too old to receive care. According to an East Coast doctor, an 86-year-old man, who was in robust health, recently fell ill with pneumonia. The doctor referred him to the hospital, where treatment commenced. But apparently this gentleman did not respond immediately to the treatment. Instead of informing the doctor, or upgrading the treatment, the patient was downgraded in his level of care. The next thing the doctor knew, he was presented with his patient’s death certificate, which stated precisely what had been done and not done which led to the patient’s death. This is the philosophy of the Nazi doctors and regime—and it is happening here. “ “ Team Obama Knew And Lied: Millions to Have Insurance Cancelled Multi-millions of people cross-country, who hold health insurance policies as individuals, are now receiving notices from their insurers that their contract is cancelled as of a specified date in the coming months. For example, 290,000 in the state of Washington have been so notified. The policy-holders are told: Good luck. Seek a new policy on the exchanges, which you will find is far more expensive, different and bad. President Obama knew about it from the very start, lied, and is getting hit with a renewed blast of rage from the population. He has repeatedly said, as he did in 2009, „If you like your health plan, you will be able to keep your health plan…“ under his Affordable Care Act. It is estimated that some 14+ million Americans as of recent years, are holders of „individual“ (that is, not employer or other group) health insurance policies. But under Obamacare, 50 to 80% of these people—10+ million—will receive a cancellation notice. Already, 2 million people have received cancellation notices, according to a CBS News report today, which is more than has been enrolled for coverage on the new exchanges! ……….. ( Insurance Cancellations: What Did Obama Know, and When Did He Know It? ) “ Obama Administration Keeps Chiseling Seniors: Social Security Cost-of-Living Increase is Only 1.5 Percent ………In the context of the Oct. 30 Senate-House budget conference meeting, NPR ran a spot on Social Security, yesterday, citing Soros partner Stanley Druckenmiller saying of Social Security that, „This is all current seniors just feeding at the trough, stealing from future seniors,“ and also quoting Jonathan Cowan, the director of the „Democratic“ think tank Third Way, saying that „Older Americans, their lobbies, and the politicians who do what they ask, are actually waging war on young people.“ A number of stories out in the press note a developing split between Obama and Congressional Democrats over Obama’s willingness (actually, eagerness) to entertain cuts to entitlements, including Social Security and Medicare. Negotiations on the budget deal (cuts) are scheduled to resume Nov. 13. “ SOROS IS A MAN RELATED ALSO TO CARLYLE GROUP, BLACKSTONE AND ROTHSCHILDS. ( More People May Lose Health Insurance Through Website Crash ) ( Pushing Entitlement Cuts Goes Way Back with Barack Obama ) 4) „CUTS IN HEALTH INSURANCE FOR DETROIT CITY WORKFORCE November 1, 2013 • 5:57AM A week ago, Detroit Emergency Manager Kevyn Orr had announced sweeping changes to health insurance for active and retired workers, slated to take effect Jan. 1, and included a summary of those cuts published by the Detroit News. More information is contained in an „adversary proceeding“ filed in the bankruptcy court in Detroit on October 20, 2013, by the Official Committee of Retirees and two union retiree organizations, against the City and Orr. The opening paragraphs of the Complaint explain that during their employment with the City, the retirees „agreed to a compensation package which included the City’s commitment to provide them (and often their spouses and dependents) with healthcare benefits at a significantly reduced or no cost when they retired.“… „Nevertheless, the City recently distributed its 2014 Calendar Year City of Detroit Retiree Healthcare Plan, by which the City attempts to walk away from its contractual obligation to provide vested healthcare benefits to the Retirees and their spouses. The City has unilaterally decided to reduce its funding of the vested healthcare benefits by approximately 83%.“ This means, the Complaint continues, that „To obtain comparable healthcare benefits, many of [the retirees] will be forced to go out of pocket an additional several hundred dollars per month and several thousand dollars per year.“ The Complaint explains that, based on the City’s announced cuts, * „75% of Medicare eligible Retirees will see: (a) their deductibles quadruple from $175 to $750, (b) their medical co-pays and co-insurance out-of-pocket maximums double, and (c) their drug co-pays sky-rocket.“ * For retirees not eligible for Medicare, „the City’s Plan will significantly increase their premiums as well as their share of actual costs incurred.“ Specifically, „the City is reducing its share of the total healthcare costs for the Retirees not eligible for Medicare from 72% of the total costs to 15%, while increasing the Retirees‘ share from 28% to 85%.“ * Further, „On the healthcare exchanges, a Retiree who makes $29,000 annually would have to pay an additional $812 in annual premiums (above the City’s contribution and any federal subsidy) just to procure a policy that will cover only about 70% of his costs. … These additional expenditures are beyond the means of most Retirees, many of whom survive on an income under $20,000 per year. … Because of these additional costs associated with medical treatment, significant and important medical procedures and/or treatment will now be beyond the financial means of most Retirees.“ Adversary proceedings are separate but related to an ongoing bankruptcy case (in this case, that of the City of Detroit), when two or more parties dispute who has the right to certain assets, or whether previous financial actions by the debtor were legal, and similar issues which affect the main case. The Official Committee was appointed in August by the Bankruptcy Court, to act as the authorized representative of the retirees in the Detroit case. “ THE PROBLEMS OF DETROIT ARE LINKED WITH THE BANKS UBS AND BANK OF AMERICA. “ Detroit Requests Congressional Hearing; Swaps Costs May Be Worse July 31, 2013 • 12:06PM On July 30, the Detroit City Council unanimously approved a resolution calling for a Congressional (House Judiciary Committee) hearing on the „strategic“ use of bankruptcy filings across the nation, and whether Detroit is using this to cut pensions and retiree healthcare. The resolution backs a call for hearings by Judiciary Committee ranking member Rep. John Conyers of Michigan. City Councilwoman JoAnn Watson proposed the resolution last week. Some experts are now estimating that the payments to the megabanks UBS and Bank of America, which Detroit faces on the „interest-rate swaps“ derivatives it was conned into buying, may even be considerably larger than the $225 million reported in EIR’s „Detroit Facts“. According to both the Financial Times and columnist Yves Smith’s Naked Capitalism blog, the city may face immediate looting of $700 million, on top of more than $100 million a year lost to the city for the past eight years on these derivatives bets. The appointment of Kevyn Orr as emergency manager by Gov. Rick Snyder on March 14, was itself a „credit event“ potentially triggering a $400 million derivatives payment by the city, one which Orr and the banks may be „not bringing up“ until bankruptcy court hearings start. Detroit’s rapid indebtedness — going from about $6 billion in debt in 2005 to $18 billion now, is in fact not unusual, except for the size of the city. The national total of municipal debt outstanding doubled from $1.9 trillion to $3.8 trillion in the same period of time, because of the impact of debt and interest-rate derivatives looting, and then the overwhelming economic effects of the 2007-08 global banking crash. ……….“ BANK OF AMERICA is also connected with the person of Warren Buffet a friend of JACOB ROTHSCHILD and EVELYN DE ROTHSCHILD. Bank Of America and Merrill Lynch ( subsidiary of Bank of America ) are also related with the Edmond De Rothschild, owned by BENJAMIN DE ROTHSCHILD AND ARIANE DE ROTHSCHILD, through the persons of Gerald Levy, Matthieu Walterspiler, Barbara Colombo, Beate Bakker, etc… UBS IS ALSO CONTROLLED BY BLACKROCK LIKE GOLDMAN SACHS. CONSEQUENTLY WE WILL FIND ALSO IN UBS JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD. “ The fight for a Glass-Steagall type banking sepearation in Switzerland is now reaching the boiling point, with the Swiss Banking Association being forced to come out in the open and attack proposed legislation in Switzerland for Bank Separation, while a grouping of political forces are now consolidating their fight to force the legislation. …………………………. UBS chief Sergio Ermotti, on the contrary, chose to declare war in an interview with the economic magazine L’Agefi. While the apparent subject of the interview was the UBS gains from its investments in Vodafone, his remarks came down to an attack on the bank separation initiative, and, in particular, on SPP leader Christoph Blocher. In view of those financial gains, Ermotti said, it is understandable why people who want to strengthen the Swiss financial center and its banks, keep pushing bank separation. „It is also fundamentally difficult to carry out a professional discussion on the issue,“ he protested….. “ ( More Evidence of How the British Looted Detroit to Death ) ( Detroit: Pensions or Derivatives? Glass-Steagall Would Have Made the Choice ) ( UBS, Scared by Glass-Steagall, Announces Fake Pre-Emptive ‚Separation‘ ) 5) ROBBER BARONS OF DEUTSCHE BANK PLAN TO STEAL THE DEPOSITS OF THE SAVERS “ At an event of the Konrad Adenauer Foundation in Wiesbaden on Wednesday night, the theme of which could be described as „Ask what you can do for your bank,“ the two speakers, Hesse State Finance Minister Thomas Schäfer (CDU) and Deutsche Bank chief economist Thomas Mayer, made heavy propaganda pitches for the bail-in approach, presenting it along with the euro as ostensibly lacking any alternative. Mayer even went so far as to speak of the „unenlightened welfare state citizen“ who always wants the state to give and never gives himself, as opposed to the „enlightened welfare state citizen“ who voluntarily pays more taxes.“ WE HAVE ALREADY NOTED THAT DEUTSCHE BANK IS RELATED WITH BLACKSTONE. NATO THAT IS CONTROLLED BY THE ATLANTIC COUNCIL HAS STRONG RELATIONS WITH DEUTSCHE BANK. CAIO KOCH-WESER, VICE CHAIRMAN OF DEUTSCHE BANK IS ALSO CO-CHAIRMAN OF THE BUSINESS AND ECONOMICS ADVISORY GROUP (BEAG) OF THE ATLANTIC COUNCIL. 6) “ VIOLENT REVOLTS IN BRITTANY, A TASTE OF GREECE IN FRANCE October 31, 2013 • 10:56AM The French region of Brittany, once the model of the post-war industrial reconstruction and modernization policies, has in recent weeks and days entered into profound crisis. Last weekend a demonstration of some 1,000 farmers and entrepreneurs became a violent confrontation with the police. One of the demonstrators lost his hand when a grenade he was launching exploded, another one was gravely wounded. Apparently, what led to a mass revolt in the region is an ecology tax on heavy transporters adopted by Sarkozy, but which the Socialists with their Greenie allies are now imposing throughout France. Brittany is a very extended region with a highly developed and integrated agro-food sector, which would be taxed much more than other regions……….“ “ But behind this ecological tax there is another issue, which has never been submitted to public debate: this is the first time that the collection of the tax is entrusted to private companies. A consortium led by Benetton, Goldman Sachs, Thales and SFR receives 20% of the tax revenues to ensure its collection. Something similar has never seen before!…………. „The eco-tax is without doubt expensive,“ admits Marie-Hélène Des Esgaulx. For a total of 1.2 billion euros collected, approximately EUR 280 million are devoted to the remuneration of the private company that ensures the collection. 23% [1]! It is the most expensive fee ever implemented!…….. IN CONCRETE THE BENETTON FAMILY IS A COVER OF THE ROTHSCHILDS. ALESSANDRO BENETTON WORKED FOR GOLDMAN SACHS INTERNATIONAL. BENETTON IS ALSO CONNECTED WITH JP MORGAN. 7) GOLDMAN SACHS CONTROLS ALSO BRITAIN BECAUSE THE GOVERNOR OF THE BANK OF ENGLAND IS A MAN OF GOLDMAN SACHS. “ Bank of England Head Carney Hangs Out His Shingle: Financial Cancer Welcome Here October 28, 2013 • 8:53AM The new head of the Bank of England, Mark Carney, who took office in August of this year, intends to make the City of London even more friendly than it is now to cancerous financial speculation, if you can imagine that. In his first major speech on financial regulation, Carney, a former Goldman Sachs banker, told an audience organized by the Financial Times: „Five simple words describe our approach: we are open for business.“ Among other things, he announced relaxed rules for collateral that banks must provide in exchange for Bank of England funds. In an Oct. 26 article in the Telegraph, Kamal Ahmed gushed: „The new Governor has shown a proper understanding of the role financial services play in Britain’s economic health. Yes, the banking sector might be four times the size of the UK’s national income—a figure Mr. Carney suggested could rise to nine times by 2050—but as long as that system is resilient and the taxpayer protected from ever having to bail out institutions again, it does not need to be a problem.“ Ahmed quoted Carney saying: „The UK stands to benefit because of London’s place at the heart of the global financial system.“ Therefore, the Bank of England „will now offer liquidity against a wider range of collateral, offer it over a longer period and lower the cost of the facilities,“ Ahmed reported. „The City, after all, does support a million jobs in the UK, two-thirds of them outside the capital.“ Ahmed also urged Carney, and the Confederation of British Industry, to put an end once and for all to any thought of ring-fencing or anything vaguely resembling bank separation—let alone a serious Glass-Steagall anti-cancer treatment—lest the City of London’s preeminent role in world finance be threatened. “ “ Great Britain is attempting to rebuild its empire, step by step, in the midst of the meltdown of the trans-Atlantic system. Earlier this month while on tour in China, Chancellor of the Exchequer George Osborne announced that the City of London hopes to become China’s offshore banking center, and it wants to corner 80% of the renminbi foreign exchange trade. Now both Osborne and Prime Minister David Cameron have announced that they want London to become the Islamic banking center of the world, as well…………“ carney, osborne and cameron WHILE ARE MAKING PLANS FOR THE BANKS, IN THE SAME TIME ARE ABANDONING THE MOST VULNERABLE PEOPLE OF THE SOCIETY IN THE MISERY !!! „UNITED KINGDOM GOVERNMENT DENOUNCED FOR CRIMES AGAINST DISABLED PEOPLE TO INTERNATIONAL CRIMINAL COURT IN THE HAGUE“ „EXCLUSIVE: RED CROSS LAUNCHES EMERGENCY FOOD AID PLAN FOR UK’S HUNGRY“ „10,600 SICK & DISABLED PEOPLE DIED LAST YEAR WITHIN SIX WEEKS OF THEIR CLAIM ENDING “ “ BEDROOM TAX BLAMED FOR GRAN’S DEATH “ 8) „Glass-Steagall Campaign in Italy The following was contributed by Liliana Gorini, Chairwoman of Movisol, in Italy. In the last weeks, the debate over banking separation increased in Italy, as a result of the Movisol campaign to gather signatures 50,000 signatures for a proposed legislation on Glass-Steagall, and also as a result of the worsening economic and social crisis in Italy. More than 1,500 small and medium-sized entrepreneurs have committed suicide in Italy in the last year, because their firms, which were mostly family enterprises, went bankrupt as a result of the lack of bank credit. At the same time, the Monti government and the Letta government, gave banks that have been speculating in derivatives, such as Monte dei Paschi di Siena, almost EU6 billion, more than the revenues of the much-hated IMU property tax on homeowners‘ residences, while cutting the social expense (pensions, health, education) as demanded by the EU. And now the discussion about bail-in and a 15% forced levy on bank accounts, as in Cyprus, is making the population very angry. ………………….. “ ( Italy: Two New Legislative Initiatives for Glass-Steagall ) THE PRINCE GIROLAMO STROZZI IS A DIRECTOR OF MONTE DEI PASCHI DI SIENA. Klicke, um auf Banca%20Monte%20dei%20Paschi%20di%20Siena2003.pdf zuzugreifen GIROLAMO STROZZI IS CONNECTED WITH TONY BLAIR. AND TONY BLAIR IS LINKED WITH JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD. „Tony Blair. Illegitimate Son Of Jacob Rothschild….Evidence“,_4th_Baron_Rothschild NOW WE MUST NOTICE A STRANGE COINCIDENCE:“ TONY BLAIR A GREAT FRIEND OF JACOB ROTHSCHILD AND ALSO GREAT FRIEND OF EVELYN DE ROTHSCHILD AND „CASUALLY“ HE FOUND A GOOD PLACE IN THE BANK JP MORGAN“. “ In Britain, on April 1, 1999, the first initiative was taken by the Tony Blair government (1997-2007) in the name of health care „reform,“ to institute an updated version of the Hitler T4 program: the National Institute for Health and Clinical Excellence (NICE) was formed, to dictate what treatments would, and would not, be given to designated groups of patients in the British National Health Services (NHS), which had served the nation since the 1940s. Blair’s health adviser to set up NICE, Simon Stevens, then moved to takedown the NHS system, by privatizing key functions, in particular through the private insurer UnitedHealth Group UK, which Stevens joined. The record shows how the death rate has climbed for whole classes of Britons, especially the elderly and cancer patients, as a result of both NICE barring treatments, and the NHS being dismantled. For example, as of 10 years after NICE went into effect, only 40 to 48% of British men diagnosed with cancer survived, and 48 to 54% of British women; in stark contrast to Sweden, for example, where 60% of men and 61% of women survived after a cancer diagnosis. …….. “ JP MORGAN IS ALSO CONNECTED WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD ( AND BY HIS WIFE ARIANE DE ROTHSCHILD ( ). ( NAZI “ j.p. morgan SAYS POST-WWII ANTI-FASCIST CONSTITUTIONS ARE OBSTACLE TO REIMPOSING FASCISM “ ) THE BANK MONTE DEI PASCHI DI SIENA IS RELATED ALSO WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD AND BY HIS WIFE ARIANE DE ROTHSCHILD. THE „ITALIAN“ FINANCE MINISTER fabrizio saccomanni WANTS TO REDUCE THE USE OF THE CASH PAYMENTS THAT ARE ALREADY BANNED OVER 1.000 EURO WITH THE PRETEST THAT WILL BE REDUCED THE TAX EVASION. “ Imposing the „cashless society“, banks get rid of their old nightmare: the bank run. Banks do not really have on hand the money that you gave them in storage; have them involved ten or twenty times their value, in «investments»;they earn huge profits from interests on this fictional currency. The game holds up because people do not know this fact – the fundamental fractional credit fraud – and believes that his deposits are safe in the Bank». …………………………….. In cashless society, the problem is solved. The Bank may lack cash, banknotes but is never short of electronic bits. Do You want 10 thousand euros today ? You call the Director, they say you that „is prohibited“, and if you insist, they tell you to re-pass „after five days“. Tomorrow instead 10 thousand euros are ready and already paid in your virtual wallet, which can also be your smartphone.“ “ Saccomanni worked at the Bank of Italy most of his career.[4] His tenure at the bank interrupted only when he worked at the International Monetary Fund (1970 – 1975) and at the London-based European Bank for Reconstruction and Development where he served as vice president from 2003 to 2006.[5] He also served as the chairman of the foreign exchange policy committee of the European Monetary Institute from 1991 to 1997 in addition to his post at the Bank of Italy.[6] He was the director general of the Bank of Italy where he started his career in June 1967.[3][7] He was appointed director general on 2 October 2006 and reappointed in 2012.[1] He was also a board member of the Bank for International Settlements and an alternate to the governor of the Bank of Italy in the Governing Council of the European Central Bank.[3] “ THE PLAN OF ELIMINATION OF THE CASH IS IN CONCRETE A PLAN OF GOLDMAN SACHS BECAUSE THE BANK OF ITALY WHERE WORKED saccomanni IS CONTROLLED BY GOLDMAN SACHS. saccomanni HAVE TO EXPLAIN US HOW IS GOING TO RESOLVE THE PROBLEMS OF SOME OF HIS FRIENDS, HUGE TAX DODGERS, THAT CONTROL THE BANK OF ITALY. “ In the Cayman Islands were found the following accounts: 700 26891 A01 N BANCA D’ITALIA UFFICIO RISCONTRO VIA NAZIONALE, 91 I-00184 ROMA ITALIA 709 27154 A01 N BANCA D’ITALIA SERVIZIO RAPPORTI CON L’ESTERO, UFFICIO RISCONTRO 2484 VIA NAZIONALE, 91 I-00184 ROMA ITALIA; – on the web – – The Bank of Italy in 1994, through the Italian Exchange Office (UIC) entered – with $ 100 million – in a society controlled by the Hedge Fund Ltcm established in the tax haven of the Cayman Island by promoting members of the same LTCM! ! CORRUPT AND CRIMINAL EUROPEAN UNION HAS PREPARED BIG FUND (EUROPEAN STABILITY MECHANISM) WITH THE MONEY OF THE EUROPEAN CITIZENS TO SAVE SOME BANKRUPT BANKS. “ Deutsche Bank, now the number one derivatives- and currency-trading bank in the world through its City of London operation, survived to become what it is now — a monster with a $72 trillion derivatives portfolio — because it was massively bailed out in October 2008 by Timothy Geithner and the New York Fed.“ ITALY AND THE EUROPEAN UNION ARE WELL CONTROLLED BY GOLDMAN SACHS. ( FIVE YEARS LATER: RED CROSS, CARITAS WARN OF EUROPE’S DESCENT INTO HELL ) 1) ITALY IS INCREASING ITS DEBT IN ORDER TO POUR, IN SEVERAL INSTALLMENTS, OVER 125 BILLIONS TO THE ESM: 2) ITALY WILL INCREASE FOR A SECOND TIME ITS DEBT WHEN WILL ASK AS LOAN A PART OF THAT SAME MONEY WITH USURIOUS INTERESTS BY THE ESM IN ORDER TO GIVE THEM TO THE BANKS. ALSO ITALY ARE ABANDONING ITS DISABLED PEOPLE WITHOUT BENEFITS AND WELFARE IN ORDER TO SAVE THE BANKS. ( Poverty Has Doubled in Five Years in Italy ) 9) ROBBER BARONS IN ACTION IN ITALY enrico letta, THE PRIME MINISTER OF ITALY IS PROCEEDING TO THE SELLING OUT OF ITALY. enrico letta IS A PUPPET OF GOLDMAN SACHS BECAUSE HIS UNCLE gianni letta IS „A MEMBER OF THE ADVISORY BOARD OF GOLDMAN SACHS INTERNATIONAL“. letta IS SELLING THE COMPANY ANSALDO TO DOOSAN, GENERAL ELECTRIC AND HITACHI. DOOSAN IS RELATED TO MCKINSEY. MCKINSEY IS LINKED WITH TONY BLAIR, A NOTORIOUS FRIEND OF LORD JACOB ROTHSCHILD AND SIR EVELYN DE ROTHSCHILD. MCKINSEY IS ALSO LINKED WITH BENJAMIN DE ROTHSCHILD. GENERAL ELECTRIC IS CONNECTED ALSO WITH BP AND GOLDMAN SACHS BOTH CONTROLLED BY BLACKROCK. HITACHI ALSO HAS RELATIONS WITH GOLDMAN SACHS. “ In the television performance of PILLAGER Saccomanni, aroused particular wonder the hypothesis to privatize, in addition to ENI, also the RAI…….. The interesting aspect of the RAI in the eyes of privatisation lobby, concerns something else, precisely its not negligible real estate. The „public“ broadcasting entity owns many buildings and land, located in almost every region of Italy. “ RAI OWNS ABOUT 660,000 SQUARE METERS OF REAL ESTATE !!!. “ The privatisation of real estate does not give nothing to the State, but It costs, and even very much…..Saccomanni has decided to find the necessary money, almost two billion euro within the next four years, in an institute like the INAIL, the National Institute for Insurance against Accidents at Work. “ SACCOMANNI IS PAYNG THE ROBBER BARONS TO STEAL OUR HOME ? „In the INAIL there is still a lot to plunder, because is not only a financial safe, but also owns a huge real estate. Although the sales of the past few years, INAIL still owns a real estate rather rich and varied, ranging from historic buildings of architectural and artistic value, until the offices and the apartments. “ ( ITALY WILL SELL OFF HISTORIC CASTLES TO RESTORE THE BUDGETARY HOLES ) “ The Wall Street Journal recently reported the renewed interest for U.S. and German multinationals for the Italian real estate; “ THESE MULTINATIONALS ARE REALY AMERICACAN AND GERMAN ? A) MORGAN STANLEY IS CONTROLLED BY BLACKROCK LIKE GOLDMAN SACHS. “ BlackRock says it owns about 6.2% of Goldman and 5.4% of Morgan Stanley “ B) ALLIANZ IS CONNECTED WITH GOLDMAN SACHS C) QATAR IS A PROTECTORATE OF THE ROYAL BANK OF SCOTLAND. BUT RBS IS ALSO LINKED WITH GOLDMAN SACHS. D) CERBERUS CAPITAL MANAGEMENT LP IS LINKED WITH BLACKSTONE. SETH P. PLATTUS IS “ Chief Administrative Officer, Co-General Counsel and Senior Managing Director of Cerberus Capital Management….Prior to joining Cerberus, Mr. Plattus was an investment banker for The Blackstone Group from 1990 to 1994 “ E) KKR & Co. ( Kohlberg Kravis Roberts & Co ) IS RELATED WITH JP MORGAN. “ Institutions which hold two individual cross leadership positions with JPMorgan Chase include: the Monetary Authority of Singapore, the University of Chicago, Kohlberg Kravis Roberts & Co., General Electric, Asia Business Council, the U.S. President’s Foreign Intelligence Advisory Board, the National Bureau of Economic Research (NBER), the Coca-Cola Company, National Bank of Kuwait Advisory Board, INSEAD, China-United States Exchange Foundation, Mitsubishi, the Carlyle Group, and the IMF. “ F) OAKTREE CAPITAL MANAGEMENT IS LINKED WITH CITIGROUP, RBS, GOLDMAN SACHS AND WARREN BUFFETT, THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD. Howard Marks Co-founder and Chairman of Oaktree Capital Management “ worked at Citicorp first as an equity research analyst and then as the company’s Director of Research. From 1978 to 1985 he served as the company’s Vice President, as well as a senior portfolio manager overlooking convertible and high yield securities “ “ In March 2011 he published the book The Most Important Thing: Uncommon Sense for the Thoughtful Investor through Columbia Business School Press. The book covered his investment strategies and analysis of market opportunity and risk. The book was praised by Warren Buffett, who called it a rarity in its usefulness. According to Buffett, „When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book.“[12] “ “ The Royal Bank of Scotland interlocks with BP, Goldman Sachs, Textron, Lloyds TSB, UBS Warburg, J.P. Morgan Cazenove, Swiss Re, mining company Xstrata, pharmaceuticals giant AstraZeneca, Citigroup, and the Prince’s Trust. Lloyds TSB and HBOS, the other two of the top five British banks, plug into this same network in multiple places.“ G) BLACKSTONE GROUP “ Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton’s Council of Economic Advisers, goes public over the World Bank’s, „Four Step Strategy,“ which is designed to enslave nations to the bankers. I summarize this below, Step One: Privatization. This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple. “ letta,saccomanni AND company ARE PREPARING TO TAKE THE HUGE TANGENT OF 10% BY GOLDMAN SACHS ? AND berlusconi WHERE IS ?……..IS WAITING ALSO HIM THE HUGE TANGENT OF 10% ? “ To remedy this crisis, we must undertake three important initiatives: 1. SEPARATE THE PURPOSE AND PRINCIPLE OF MEDICINE FROM A DISEASED ECONOMIC SYSTEM. Restore the essence of the Hippocratic Oath as the philosophical center of the medical professions. The practice of medicine is meant to serve the development of people, not Wall Street financial conglomerates, and „population reduction“ agendas. As Hippocrates said, „It is the duty of the physician, not only to do that which immediately belongs to him, but likewise to secure the cooperation of the sick, of those who are in attendance, and of all the external agents.“ 2. RESTORE THE GLASS-STEAGALL ACT OF 1933. The same Wall Street debt bubble which is crushing the Federal government is crushing the medical profession, as well as the rest of the economy. The only way to liberate ourselves from its destructive effects, is to restore the Glass-Steagall Act of 1933. Its repeal in 1999 opened the door to the growth of the biggest financial bubble in history. We must separate commercial banking from investment banking, and let Wall Street sink under the weight of its own bad investments. No more bailouts, or bail-ins, for Wall Street. 3. IMPEACH PRESIDENT OBAMA. He has repeatedly demonstrated that he is incapable of performing the job for which we hired him. Multiple legal authorities have already assembled articles for impeachment. This man has failed you, and will allow you to die, with his inept and undeniably lethal policies that masquerade as „health care reform.“ It is time for the American people and their medical community to wake up, before it is too late. “
  2. März 25, 2014 um 7:45 pm

    William Broeksmit Topbanker war vor Selbstmord in Sorge um Deutsche Bank

    25.03.2014 · William Broeksmit galt als Vertrauter von Deutsche-Bank-Boss Anshu Jain. Vor seinem Selbstmord soll er sich große Sorgen um die Bank gemacht haben, hat die Londoner Polizei herausgefunden.
    Von Markus Frühauf
    Artikel Bilder (1) Lesermeinungen (6)

    Der ehemalige Risikomanager der Deutschen Bank, William Broeksmit, ist vor seinem Selbstmord in großer Sorge wegen der vielen Ermittlungen gegen seinen früheren Arbeitgeber gewesen. Dies geht aus einem Untersuchungsbericht der Londoner Polizei hervor. Dabei wurde der Selbstmord des Ende Januar in seiner Londoner Wohnung erhängt aufgefundenen Amerikaners bestätigt….

  3. hasum
    April 11, 2014 um 8:27 pm

    11 April 2014

    Goldman Sachs Steals Open Source, Jails Coder

    US master spy Clapper says spies steal open source, then immediately claims ownership and classifies it, and prosecutes if the material is disclosed, like Goldman Sachs.

    Flash Boys: A Wall Street Revolt, Lewis, Michael. 2014. W. W. Norton & Company. pp. 141-149.

    After a few months working on the forty-second floor at One New York Plaza, Serge came to the conclusion that the best thing they could do with Goldman’s high-frequency trading platform was to scrap it and build a new one from scratch. His bosses weren’t interested. “The business model of Goldman Sachs was, if there is an opportunity to make money right away, let’s do that,” he says. “But if there was something long-term, they weren’t that interested.” Something would change in the stock market— an exchange would introduce a new, complicated rule, for instance— and that change would create an immediate opportunity to make money. “They’d want to do it immediately,” says Serge. “But if you think about it, it’s just patching the existing system constantly. The existing code base becomes an elephant that’s difficult to maintain.”

    That is how he spent the vast majority of his two years at Goldman, patching the elephant. For their patching material he and the other Goldman programmers resorted, every day, to open source software—software developed by collectives of programmers and made freely available on the Internet. The tools and components they used were not specifically designed for financial markets, but they could be adapted to repair Goldman’s plumbing. He discovered, to his surprise, that Goldman had a one-way relationship with open source. They took huge amounts of free software off the Web, but they did not return it after he had modified it, even when his modifications were very slight and of general, rather than financial, use. “Once I took some open source components, repackaged them to come up with a component that was not even used at Goldman Sachs,” he says. “It was basically a way to make two computers look like one, so if one went down the other could jump in and perform the task.” He’d created a neat way for one computer to behave as the stand-in for another. He described the pleasure of his innovation this way: “It created something out of chaos. When you create something out of chaos, essentially , you reduce the entropy in the world.” He went to his boss, a fellow named Adam Schlesinger, and asked if he could release it back into open source, as was his inclination. “He said it was now Goldman’s property,” recalls Serge. “He was quite tense.” Open source was an idea that depended on collaboration and sharing, and Serge had a long history of contributing to it. He didn’t fully understand how Goldman could think it was okay to benefit so greatly from the work of others and then behave so selfishly toward them. “You don’t create intellectual property,” he said. “You create a program that does something.” But from then on, on instructions from Adam Schlesinger, he treated everything on Goldman Sachs’s servers, even if it had just been transferred there from open source, as Goldman Sachs’s property . (Later, at his trial, his lawyer flashed two pages of computer code: the original, with its open source license on top, and a replica, with the open source license stripped off and replaced by the Goldman Sachs license.)

    The funny thing was that Serge actually liked Adam Schles-inger, and most of the other people he worked with at Goldman. He liked less the environment the firm created for them to work in. “Everyone lived for the year-end number,” he said. “You get satisfied when the bonus is sizable and you get not satisfied when the number is not. Everything there is very possessive .” It made no sense to him the way people were paid individually for achievements that were essentially collective achievements. “It was quite competitive. Everyone’s trying to show how good their individual contribution to the team is. Because the team doesn’t get the bonus, the individual does.”

    More to the point, he felt that the environment Goldman created for its employees did not encourage good programming, because good programming required collaboration. “Essentially there was very minimal connections between people,” he says. “In telecom you usually have some synergies between people. Meetings when people exchange ideas. They aren’t under stress in the same way. At Goldman it was always, ‘Some component is broken and we’re losing money because of it. Fix it now .’ ” The programmers assigned to fix the code sat in cubicles and hardly spoke to one another. “When two people wanted to talk they wouldn’t just do it out on the floor,” says Serge. “They would go to one of the offices around the floor and close the door. I never had that experience in telecom or academia.”

    By the time the financial crisis hit, Serge had a reputation of which he himself was unaware: He was known to corporate recruiters outside Goldman as the best programmer in the firm. “ There were twenty guys on Wall Street who could do what Serge could do,” says a headhunter who recruits often for high-frequency trading firms. “And he was one of the best, if not the best.” Goldman also had a reputation in the market for programming talent— for keeping its programmers in the dark about their value to the firm’s trading activities. The programmer types were different from the trader types. The trader types were far more alive to the bigger picture, to their context. They knew their worth in the marketplace down to the last penny. They understood the connection between what they did and how much money was made , and they were good at exaggerating the importance of the link. Serge wasn’t like that. He was a little-picture person, a narrow problem solver. “I think he didn’t know his own value,” says the recruiter. “He compensated for being narrow by being good. He was that good.”

    Given his character and his situation , it’s hardly surprising that the market kept finding Serge Aleynikov and telling him what he was worth, rather than the other way around. A few months into his new job, headhunters were calling him every other week. A year into his new job, he had an offer from UBS, the Swiss bank, and a promise to bump up his salary to $ 400,000 a year. Serge didn’t particularly want to leave Goldman Sachs just to go and work at another big Wall Street firm, and so when Goldman offered to match the offer, he stayed. But in early 2009 he had another call, with a very different kind of offer: to create a trading platform from scratch for a new hedge fund run by Misha Malyshev.

    The prospect of creating a new platform, rather than constantly patching an old one, excited him. Plus Malyshev was willing to pay him more than a million dollars a year to do it, and he suggested that they might even open an office for Serge near his home in New Jersey. Serge accepted the job offer and then told Goldman he was leaving. “When I put in the resignation letter,” he said , “everyone comes to me one by one. The common perception was that if they had the right opportunity to quit Goldman they would do that in no time.” Several hinted to him how much they would like to join him at his new firm. His bosses asked him what they could do to persuade him to stay. “They were trying to pursue me into this monetary discussion,” says Serge. “I told them it wasn’t the money . It was the chance to build a new system from the ground up.” He missed his telecom work environment. “Whereas at IDT I was really seeing the results of my work , here you had this monstrous system and you are patching it right and left. No one is giving you the whole picture. I had a feeling no one at Goldman really knows how it works as a whole, and they are just uncomfortable admitting that.”

    He agreed to hang around for six weeks and teach other Goldman people everything he knew, so that they could continue to find and fix the broken bands in their gigantic rubber ball. Four times in the course of that last month he mailed himself source code he was working on. The files contained a lot of open source code he had worked with, and modified, over the past two years, mingled with code that wasn’t open source but was obviously proprietary to Goldman Sachs. He hoped to disentangle one from the other in case he needed to remind himself how he had done what he had done with the open source code; he might need to do it again. He sent these files the same way he had sent himself files nearly every week since his first month on the job at Goldman. “No one had ever said a word to me about it,” he says. He pulled up his browser and typed into it the words : “free subversion repository.” Up popped a list of places that stored code for free and in a convenient fashion. He clicked the first link on the list. To find a place to send the code took about eight seconds . And then he did what he had always done since he’d first started programming computers: He deleted his bash history— the commands he had typed into his own Goldman computer keyboard. To access the computer, he was required to type his password . If he didn’t delete his bash history, his password would be there to see, for anyone who had access to the system.

    It wasn’t an entirely innocent act. “I knew that they wouldn’t be happy about it,” he said, because he knew their attitude was that anything that happened to be on Goldman’s servers was the wholly owned property of Goldman Sachs— even when Serge himself had taken that code from open source . When asked how he felt when he did it, he says, “It felt like speeding. Speeding in the car.”

    FOR MUCH OF the flight from Chicago he’d slept. Leaving the plane, he noticed three men in dark suits waiting in the alcove of the Jetway reserved for baby strollers and wheelchairs. They confirmed his identity, explained that they were from the FBI, handcuffed him, searched his pockets, removed his backpack, told him to remain calm, and then walled him off from the other passengers . This last act was no great feat. Serge was six feet tall but weighed roughly 140 pounds: To hide him you needed only to turn him sideways. He resisted none of these actions, but he was genuinely bewildered. The men in black refused to tell him his crime. He tried to guess it. His first guess was that they’d gotten him mixed up with some other Sergey Aleynikov. Next it occurred to him that his new employer, Misha Malyshev , then being sued by Citadel, might have done something shady. Wrong on both counts. It wasn’t until the plane had emptied and they’d escorted him into Newark Airport that they told him his crime: stealing computer code owned by Goldman Sachs.

    The agent in charge of the case, Michael McSwain, was new to law enforcement. Oddly enough, he’d spent twelve years, until 2007, working as a currency trader on the Chicago Mercantile Exchange. He and others like him had been put out of business by Serge and people like him— or, more exactly, by the computers that had replaced the traders on the floors of every U.S. exchange. It wasn’t an accident that McSwain’s career on Wall Street ended the same year that Serge’s began.

    McSwain marched Serge into a black town car and drove him to the FBI building in lower Manhattan. After making a show of stashing his gun , McSwain led him into a tiny interrogation room, handcuffed him to a rod on the wall, and , finally, read him his Miranda rights. Then he explained what he knew, or thought he knew: In April 2009 Serge had accepted a job at a new high-frequency trading shop, Teza Technologies, but had remained at Goldman for the next six weeks. Between early April and June 5, when Serge left Goldman for good, he sent himself, through the so-called subversion repository, 32 megabytes of source code from Goldman’s high-frequency stock trading system . McSwain clearly found it damning that the website Serge used was called a subversion repository, and that it was in Germany. He also seemed to think it significant that Serge had used a site not blocked by Goldman Sachs, even after Serge tried to explain to him that Goldman did not block any sites used by its programmers but merely blocked its employees from porn sites and social media sites and suchlike. Finally, the FBI agent wanted him to admit that he had erased his bash history. Serge tried to explain why he always erased his bash history, but McSwain had no interest in his story. “The way he did it seemed nefarious,” the FBI agent would later testify.

    All of which was true, as far as it went, but, to Serge, that didn’t seem very far. “I thought it was like, crazy, really,” he says. “He was stringing these computer terms together in ways that made no sense. He didn’t seem to know anything about high-frequency trading or source code.” For instance, Serge had no idea where the subversion repository was physically located. It was just a place on the Internet used by developers to store the code they were working on. “The whole point of the Internet is to abstract the physical location of the server from its logical address,” he said. To Serge, McSwain sounded like a man repeating phrases that he’d heard from others but that to him actually meant nothing. “There is a game in Russia called Broken Phone,” he said— a variation on the American game Telephone . “It felt like he was playing that.”

    What Serge did not yet know was that Goldman had discovered his downloads— of what appeared to be the code they used for their proprietary high-speed stock market trading— just a few days earlier, even though Serge had sent himself the first batch of code months ago. They’d called the FBI in haste and had put McSwain through what amounted to a crash course in high-frequency trading and computer programming. McSwain later conceded that he didn’t seek out independent expert advice to study the code Serge Aleynikov had taken, or seek to find out why he might have taken it. “I relied on statements from Goldman employees,” he said. He had no idea himself of the value of the stolen code (“ representatives from Goldman told me it was worth a lot of money”), or if any of it was actually all that special (“ representatives of Goldman Sachs told us there were trade secrets in the code”). The agent noted that the Goldman files were on both the personal computer and the thumb drive that he’d taken from Serge at Newark Airport, but he failed to note that the files remained unopened. (If they were so important, why hadn’t Serge looked at them in the month since he’d left Goldman?) The FBI’s investigation before the arrest consisted of Goldman explaining some extremely complicated stuff to McSwain that he admitted he did not fully understand —but trusted that Goldman did. Forty-eight hours after Goldman called the FBI, McSwain arrested Serge. Thus the only Goldman Sachs employee arrested by the FBI in the aftermath of a financial crisis Goldman had done so much to fuel was the employee Goldman asked the FBI to arrest.

    On the night of his arrest, Serge waived his right to call a lawyer. He called his wife, told her what had happened, and said that a bunch of FBI agents were on the way to their home to seize their computers, and to please let them in, although they had no search warrant. Then he sat down and politely tried to clear up the confusion of this FBI agent who had arrested him without an arrest warrant. “How could he figure out if this was a theft if he didn’t understand what was taken?” he recalls having asked himself. What he’d done, in his view, was trivial; what he stood accused of— violating both the Economic Espionage Act and the National Stolen Property Act— did not sound trivial at all. Still, he thought that if the agent understood how computers and the high-frequency trading business actually worked, he’d apologize and drop the case. “The reason I was explaining it to him was to show that there was nothing there,” he said. “He was completely not interested in the content of what I am saying. He just kept saying to me, ‘If you tell me everything, I’ll talk to the judge and he’ll go easy on you.’ It appeared they had a very strong bias from the very beginning. They had goals they wanted to fulfill. One was to obtain an immediate confession.”

    The chief obstacle to the FBI’s ability to extract his confession, oddly, wasn’t Serge’s willingness to provide it but its own agent’s ignorance of the behavior to which Serge was attempting to confess. “In the written statement he was making some very obvious mistakes, computer terms and so on,” recalled Serge. “I was saying, ‘You know, this is not correct.’ ” Serge patiently walked the agent through his actions. At 1: 43 in the morning on July 4, after five hours of discussion, McSwain sent a giddy one-line email to the U.S. Attorney’s office: “Holy crap he signed a confession.”

    Two minutes later, he dispatched Serge to a cell in the Metropolitan Detention Center. The prosecutor, Assistant U.S. Attorney Joseph Facciponti, argued that Serge Aleynikov should be denied bail. The Russian computer programmer had in his possession computer code that could be used “to manipulate markets in unfair ways.” The confession Serge had signed, scarred by phrases crossed out and rewritten by the FBI agent, later would be presented by prosecutors to a jury as the work of a thief who was being cautious, even tricky, with his words. “That’s not what happened,” said Serge. “The document was being crafted by someone with no previous expertise in the matter.”

    Sergey Aleynikov’s signed confession was the last anyone heard from him, at least directly. He declined to speak to reporters or testify at his trial. He had a halting manner , a funny accent, a beard, and a physique that looked as if it had been painted by El Greco: In a lineup of people chosen randomly from the streets, he was the guy most likely to be identified as the Russian spy, or a character from the original episodes of Star Trek. In technical discussions he had a tendency to speak with extreme precision, which was great when he was dealing with fellow experts but mind-numbing to a lay audience. In the court of U.S. public opinion, he wasn’t well suited to defend himself, and so, on the advice of his attorney, he didn’t. He kept his long silence even after he was sentenced, without the possibility of parole, to eight years in a federal prison.

  4. navy
    Juni 24, 2014 um 12:03 pm

    Wie der Betrug inklusive Erpressung funktioniert

  5. November 22, 2014 um 9:12 pm

    The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare


    Andrew Querner
    Chase whistle-blower Alayne Fleischmann risked it all.

    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking
    By Matt Taibbi | November 6, 2014

    She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore.

    „It was like watching an old lady get mugged on the street,“ she says. „I thought, ‚I can’t sit by any longer.'“

    Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She’s had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition called being a whistle-blower.

    The Vampire Squid Strikes Again

    Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing.

    Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as „massive criminal securities fraud“ in the bank’s mortgage operations.

    Thanks to a confidentiality agreement, she’s kept her mouth shut since then. „My closest family and friends don’t know what I’ve been living with,“ she says. „Even my brother will only find out for the first time when he sees this interview.“

    Six years after the crisis that cratered the global economy, it’s not exactly news that the country’s biggest banks stole on a grand scale. That’s why the more important part of Fleischmann’s story is in the pains Chase and the Justice Department took to silence her.

    She was blocked at every turn: by asleep-on-the-job regulators like the Securities and Exchange Commission, by a court system that allowed Chase to use its billions to bury her evidence, and, finally, by officials like outgoing Attorney General Eric Holder, the chief architect of the crazily elaborate government policy of surrender, secrecy and cover-up. „Every time I had a chance to talk, something always got in the way,“ Fleischmann says.

    Read more:
    Follow us: @rollingstone on Twitter | RollingStone on Facebook

  6. navy
    Januar 17, 2015 um 12:10 pm

  7. Juli 9, 2015 um 9:50 pm

    Goldmann / Sachs – Eine Bank lenkt die Welt [HD] – Kompletter Film

  8. Juli 9, 2015 um 10:08 pm

    Goldmann / Sachs – Eine Bank lenkt die Welt [HD] – Kompletter Film

  1. April 15, 2015 um 6:32 pm
  2. April 17, 2015 um 3:44 pm
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