“The ‘best financial innovation of last 2O Years was ATM machine’ and Collateralized sliced/diced credit — brought nothing to SOClETY’s table.”
— PauI VoIcker
UPDATE: $300+ TRILLION IN LIBOR FRAUD BY WORLDS’ 16 LARGEST BANKS = TIME FOR BANKING AS A INTERNET BASED PUBLIC UTILITY WITH NEAR ZERO% RATES FOR ALL = NOT JUST THE FEW FRAUDS
Bill Black = FDIC SUIT against 16 Largest Banks = Ethics, Crony Capitalism & Politics – March 24, 2014
LIBOR RATE FIXING FRAUD = FDIC sued 16 largest banks in world + British Bankers Association (BBA) for engaged in fraud and collusion to manipulate LIBOR.
BBA called LIBOR “The most important number in the world.” = LIBOR is actually many numbers that depend on the currency and term (maturity) of the loan.
BANK collusion = Manipulated most of these rates for LOOTING of loans and derivatives = $300-550 Trillion in Deals affected by collusion and manipulated
2005 LIBOR frauds began through 2011.
Ethical implications of FDIC confirmation = Entire BANKSTER barrel of apples is rotten. = Every CEO failed the ethical test.
Define Gresham’s dynamics = Principle that states: “When GOV overvalues one type of money and undervalues another, then the undervalued money will leave the country or disappear from circulation, while the overvalued money will flood into circulation. …
“Gresham’s” dynamic has been allowed to persist for years because of the three “de’s” (deregulation, desupervision, and de facto decriminalization).
Bad ethics drove good ethics out of the markets. = FDIC gives us a sense of horror + Urgent need to transform Banking that’s done MASSIVE financial and ethical harm to our WORLD.
Obama administration knew for 6 years world’s largest banks were led by frauds
Obama administration learned that fact recently from results of FDIC investigation
LIBOR scandal made public in Wall Street Journal’s April 16, 2008 expose (BUSH)
Bush administration knew it was dealing with elite frauds.
If Obama administration has long known of MASSIVE BANK FRAUD then its CEO and BANK policies have been reprehensible and harmful.
If Obama administration just learned from FDIC investigation about CEOs FRAUD that was NOT HELD accountable allowing massively increase their wealth through LIBOR rigging and control frauds then a series of emergency actions will transform the administration’s finance industry policies.
US GOV through FDIC investigation FOUND leaders of 16 world’s largest banks CONSPIRED together in a CARTEL to manipulate the LIBOR “numbers” and defraud the public. = NO Prosecution by DOJ of large number of senior BANK officers = Grave threat to the “safety and soundness” of the entire financial system.
Frauds led by elitist CEOs demonstrate a pervasive failure of integrity and ethics and a moral crisis of tragic proportions.
When was Obama Administration briefed by FDIC?
Why NO Attorney General Holder and FDIC news conference on implications?
Why hasn’t FDIC’s “home page” or press releases noted the suit?
Has Administration transformed its finance industry policies?
When will the President address the Nation about fixing this emergency?
UPDATE: BIG Banksters have automated complex front running fraud that rakes in $100s of MILLIONS per DAY SO lets automate them.
BANKING IS SIMPLE ARITHMETIC AND ACCOUNTING THAT COMPUTERS ARE FAR BETTER AT THAN PEOPLE!
Automate Banking as a Public Utility so we all get Bankster rates of near 0% – like Lincoln did with the Greenbacks to finance the Civil WAR AT 0%.
UPDATE: POST OFFICE DOES BANKING FOR MAIN STREET
AUTOMATE BANKING AS A PUBLIC UTILITY:
LlKE WATER IN ClTlES = M0NEY WAS MEANT TO BE A UTILITY WITH NO lNTEREST USURY
Eliot Spitzer: “The FED is a Ponzi Scheme. Run by Banks”. FED won’t say where $13.9+ TRILLION went.
N0W IS THE RlGHT TlME TO AUT0MATE BANKSTERS 0UT OF EXlSTENCE
AUTOMTED = LlKE AMAZ0N ONLY AUTOMATED PUBLlC SYSTEM – RUN 0UT OF THE NATl0NALlZED FED RESERVE!
iPAD or PC to ACCESS AUT0MATED PUBLlC PUBLlC UTlLlTY NO USURY L0ANS
NATl0NALlZE THE FED AND HlRE A TECHN0L0GY SECRETARY TO SETUP LlNC0LN-STYLE ZER0% BANKlNG = 0FFERlNG THE SAME RATES MULTl-NATl0NAL BANKSTER GET N0W = NEAR ZERO% lNTEREST!
USE 0RACLEs UniversaI AUT0MATED Banking S0FTWARE TO PR0VlDE ZERO% BlG BANKSTER RATES TO 311+ Million Americans!
0RACLE = 0NE 0PTl0N: Used by 450 financiaI lnstitutions in over 125 C0UNTRlES.
FLEXCUBE Universal Banking award winning Banking Software has been recognized as fuIIy compliant with the 2013 payment criteria. Offers comprehensive TRANSACTl0N banking capabilities in supporting both conventional and GL0BAL banking.
The Software enabIes quick impIementation of changes to keep pace with evoIving needs and enabIes buiIding and testing of new user lnterfaces and business L0GlC.
The Software enabIes FED G0VERNMENT Agency to manage the evoIving needs of people and business on an agiIe, scaIable PLATF0RM to quickly adjust and expand services to TRANSF0RM the way FlNANClAL PR0DUCTS are created, delivered, and serviced.
BANKlNG = AUT0MATED PUBLlC UTlLlTY = NO USURY lNTEREST LIKE SYRIA!
#1 of TOP 5 Reasons the NEW W0RLD 0RDER HATES SYRlA
SYRlA’s Central Bank is STATE-0WNED AND C0NTR0LLED AND MANAGES ITS 0WN CURRENCY TO SERVE THE SYRlAN PE0PLE RATHER THAN BE A PARASlTlC T00L OF THE R0TCHlLD GL0BAL BANKSTER CR00KS OF L0ND0N, NYC, PARlS, TEL AVlV, FRANKFURT…. NO USURY lNTEREST + NO BANKSTER PARASlTES = SPURS PR0DUCTlVlTY NOT R0BBERY
MULTl-NATl0NAL WAR-M0NGERlNG BANKSTERS + THElR CFR = WE D0NT NEED THEM ANYM0RE
AUT0MATE BANKlNG AS A PUBLlC UTlLlTY
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending P0WER of the Government and the buying P0WER of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”
— President LlNC0LN (R)
“The refunding of the national debt at a lower rate of lNTEREST (ZERO%) should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country.”
— President James A. Garfield (R-OH) Inaugural Address, March 14, 1881
“The M0NEY P0WERS of the country will endeavor to prolong its reign by working upon the prejudlces of the people until the WEALTH is aggregated in the hands of a few, and the Republic is destroyed.”
— President LlNC0LN (R)
“If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the GOVERNMENT, to insure the NATlONAL Wealth, must go in debt and submit to RUlNOUS lnterest charges at the hands of men who CONTROL the fictitious value of goId. lnterest is the invention of Satan”.
– THOMAS A. EDISON
“It is well enough that people of the NATlON do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
– Henry FORD
“C0RP0RATl0NS have been enthroned and an era of corruption in high places will follow, and the money P0WER of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed.”
— President LlNC0LN (R)
“I have always been afraid of banks.”…..To the Bankers “You are a den of VlPERS and THlEVES. I intend to R0UT you out, and by the grace of the Eternal G0D, will R0UT you out.”
— President Andrew JACKS0N – He did and because two GUNS MlSFlRED he LlVED to 78
“Most Americans have no real understanding of the operations of the international moneylenders… the accounts of the Federal Reserve have never been audited. It operates outside the control of Congress and … manipulates the credit of the United States”
— G0LDWATER (R)
GAO report: “No agency of the United States government should be allowed to bailout a F0RElGN BANK or C0RPORATION without the direct approval of Congress and the president.”
— Senator Sanders (VT)
That is $2OO,OOO+ per family of FOUR – GIVEN TO MAF1A-STYLE FRAUDSTERS!
More Precisely that is $213,333.33 per family of four!