Money

Funding terrorist and laundering money as the world stands by and does nothing

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H/t reader squodgy:

“The extent of the hypocrisy and total dismissal of wealth distribution for the masses is cringeworthy.
If we hadn’t concluded banks and bankers are nothing more than criminals in pinstripes, we have no excuse now.”

cash

– Funding terrorist and laundering money as the world stands by and does nothing:

You cannot fund terrorists without cash

The IMF released back in June 2016 a document discussing the global scourge known as drug money laundering and the financing of terrorist organizations. We have discussed both of these situations and as one might suspect they are tied at the hip and the same banking cabal has been “fined” in a court of law for both of these offenses. If the IMF, the UN or any government around the world gave two cents about either of these operations ending there would be people either in prison or in front of a firing squad for treason.

The soft sell the IMF is peddling is classic propaganda and misdirection.

Read moreFunding terrorist and laundering money as the world stands by and does nothing

Money Creation – “So Simple The Mind Is Repelled” (Video)

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– Money Creation – “So Simple The Mind Is Repelled” (ZeroHedge, Aug, 3, 2014):

As John Kenneth Galbraith famously stated, “The process by which money is created is so simple the mind is repelled.” As Peak Prosperity’s Chris Martenson explains (as part of his excellent Crash Course), essentially, money is lent into existence though fractional reserve banking. The dollars you deposit at the bank? They turn into nearly 10x that amount as your bank subsequently makes loans using that money as collateral. As simple as the process is, nearly every American remains ignorant of it and its massive implications. At the heart of the matter is this: our money supply and its related debt obligations MUST continue expanding (thereby devaluing the purchasing power of each dollar ad infinitum) — forever — or the entire system collapses upon itself. Prepare to be repelled…

For those who simply don’t want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling to PeakProsperity.com. The entire full new series, all 27 chapters of it, is available — now– to our enrolled users.

Read moreMoney Creation – “So Simple The Mind Is Repelled” (Video)

Report: Vatican Bank Facilitated Money Laundering

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– Vatican Bank facilitated money laundering, report says (PressTV, July 8, 2013):

Italian investigators have said the Vatican Bank operated in a way that facilitated money laundering, according to a leaked inquiry.

The disclosed report followed a three-year inquiry into the bank, officially known as the Institute for the Works of Religion (IOR), and was recently quoted by two Italian newspapers, Corriere della Sera and La Repubblica.

According to the report, IOR did not carry out enough checks on its clients and the bank allowed account holders to transfer large sums on behalf of others.

“There is a high risk that the way the IOR operates, without specifying its real clients, can be used as a screen to hide illegal operations,” the report read.

Read moreReport: Vatican Bank Facilitated Money Laundering

Will It Be Inflation Or Deflation? The Answer May Surprise You

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– Will It Be Inflation Or Deflation? The Answer May Surprise You (Economic Collapse, May 22, 2013):

Is the coming financial collapse going to be inflationary or deflationary?  Are we headed for rampant inflation or crippling deflation?  This is a subject that is hotly debated by economists all over the country.  Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation.  Others point to all of the deflationary factors in our economy and argue that we will experience tremendous deflation when the bubble economy that we are currently living in bursts.  So what is the truth?  Well, for the reasons listed below, I believe that we will see both.  The next major financial panic will cause a substantial deflationary wave first, and after that we will see unprecedented inflation as the central bankers and our politicians respond to the financial crisis.  This will happen so quickly that many will get “financial whiplash” as they try to figure out what to do with their money.  We are moving toward a time of extreme financial instability, and different strategies will be called for at different times.So why will we see deflation first?  The following are some of the major deflationary forces that are affecting our economy right now…

Read moreWill It Be Inflation Or Deflation? The Answer May Surprise You

Keiser Report: Monkeys & Cocaine: HSBC Money Laundering Case – Too Big To Jail (Video)

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Excerpt:

Full ‘Keiser Report’: (Must-see!)

Added: 13.12.2012

Description:

In this episode, Max Keiser and Stacy Herbert look at HSBC being fined rather than criminally charged in order to avoid destabilizing the system, while JP Morgan and others are being sued for about a trillion in bad mortgages investors were duped into buying. They also look at “1001” under which bankers who lied to the federal housing authorities could be criminally tried for lying to a federal official. In the second half, Max Keiser talks to Kyra Maya Phillips of MisfitEconomy.com about democracy aboard pirate ships of the 18th century on which No Plunder, No Pay was the name of the game and innovation happened on the fringe. Max proposes banksters walk the plank in a specially built platform in Trafalgar Square.