BNP Banker, His Wife And Nephew Murdered In Belgium

Zero Hedge In the beginning it was banker suicides. Then about two weeks ago, suicides were replaced by outright murders after the execution-style killing of the CEO of a bank in otherwise sleepy (and tax evasive) Lichtenstein by a disgruntled client. Then on Friday news hit of another execution-type murder…
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Bankers Love War Because It Creates Massive Profits

Washington's Blog War Makes Banks Rich Bankers are often the driving force behind war. After all, the banking system is founded upon the counter-intuitive but indisputable fact that banks create loans first, and then create deposits later. In other words, virtually all money is actually created as debt. For example,…
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All The Presidents’ Bankers: The Hidden Alliances That Drive American Power

Zero Hedge The following is an excerpt from ALL THE PRESIDENTS’ BANKERS: The Hidden Alliances that Drive American Power by Nomi Prins (on sale April 8, 2014).  Reprinted with permission from Nation Books. Nomi Prins is a former managing director at Goldman Sachs. NIXON’S BANKERS: When What Was Good for…
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Central Banks

What’s The Primary Cause of Wealth Inequality? Financialization

Financialization results when leverage and information asymmetry replace innovation and productive investment as the source of wealth creation. Emmanuel Saez and Thomas Piketty are leading lights in the exploration of rising wealth ;Both are academic economists who have devoted considerable time and effort to assembling data that deepens our understanding…
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Central Banks

“QE Was A Massive Gift Intended To Boost Wealth”, Fed President Admits

Zero Hedge With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their and the truth is bleeding out courtesy of the president of the Dallas Fed, via…
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Austerity

Ukraine To Stun Citizens With 40% Gas Price Hike, Tax Deposits Over 100,000 Hryvnia (To Appease IMF?)

Gas Zero Hedge Alas, Ukraine's honeymoon period with its new rulers may end far sooner that most expect, and it will be certainly accelerated with news such as this. A few hours ago, Interfax reported that Ukraine expects to increase domestic gas prices by 40% once discounted import prices from…
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JPMorgan Chase Engaged in Mortgage Fraud: The Securitization Scheme that Collapsed the Housing Market

Washington's Blog by Ellen Brown In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have…
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Chinese Stocks Tumble Most In 4 Months On Latest Government Attempt To Pop Housing Bubble

Zero Hedge The last 3 days have seen China's Shanghai Composite index tumble over 3% - its largest drop since October as sentiment comes under pressure from concerns about tightening in the real estate sector.   The pace of price appreciation has slowed notably - especially 'existing' apartment sales (…
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Bankers

WTF News Calls It: “Next JPMorgan-ite Dead by March 1”, 2nd to Jump Off Company Building

| WTF News | Pay what you owe lol. Who's got the pool for the next dead @JPMorgan-ite? $100 on the next one by March 1. #economiccollapse— (@WTFRLY) February 13, 2014 Bitcoin: 1BJD7R3kisgi4vTWmrNE24c8WagZxwG1gj Litecoin: Lg47dxanXtMKxYenf8PGy3rDj4RivboP5G Dogecoin: D5GMP4P782RoQAPuz8JrhxjUJBf6nZXy9V Zero Hedge The banker suicide wave that started in late January has now…
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The Rockefellers, The Rothschilds And Many Other Giant Dynasties…

Alt-Market by Koos Jansen These financial industry giants lived through all the wealth cycles of the past 100 years and more. What used to be long term wealth investments evolved to the day-trading, making money activities, with a top in the year 2000. Then the financial industry morphed rapidly into…
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JPMorgan Vice President’s Death Shines Light on Bank’s Close Ties to the CIA

Global Research by Pam Martens and Russ Martens The nonstop crime news swirling around JPMorgan Chase for a solid 18 months has started to feel a little spooky – they do lots of crime but never any time; and with each closed case, a trail of unanswered questions remains in…
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Another JPMorgan Banker Dies, 37 Year Old Executive Director Of Program Trading

Zero Hedge Ordinarily we would ignore the news of another banker's death - after all these sad events happen all the time - if it wasn't for several contextual aspects of this most recent passage. First, the death in question, as reported by the Stamford Daily Voice is that of…
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German Top Court Finds ECB’s OMT Is Illegal, Then Promptly Washes Its Hands Of Final Decision

Zero Hedge In what was a shocking and disappointing at the same time decision, overnight the German Constitutional court, which had been contemplating the legality of the ECB's still non-existent OMT program, conceived in July 2012 to prevent the collapse of the Eurozone and still only existing in Mario Draghi's…
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Scandal: Bank Of England Encouraged Currency Manipulation By Banks

Zero Hedge Raise your hand if you are surprised that, as has emerged, virtually every major bank was manipulating currencies (and everything else) whether as part of the "Bandits' Club", the "Cartel" or some other - until recently- secret message room. That's what we thought. Now raise your hand if…
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Ukraine Imposes Limits On Interbank Operations

Zero Hedge Keep those dominoes and nobody exhale: UKRAINE IMPOSES LIMITS ON SOME INTERBANK FX OPERATIONS UKRAINE TIGHTENS RULES ON COPRORATE FOREIGN-CURRENCY PURCHASES UKRAINE CENTRAL BANK CITES HRYVNIA VOLATILITY ON FX MEASURES There is of course, good news: UKRAINE CENTRAL BANK SAYS INTERBANK LIMITS ARE TEMPORARY Just like in Cyprus.…
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Nigerian Central Bank Falls For Nigerian Email Scam? Says $20 Billion Unaccounted For

Zero Hedge A month ago, Nigeria's state-owned National Petroleum oil company (NNPC) said it had accounted for all of the $ billion in revenues that were supposed to paid to the government explaining it had spent over $10 bn on subsidies, repairs, and losses on crude oil inventory - "no…
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What Links the Threat of a U.S. Default with the Destabilization of Ukraine?

Strategic Culture by Nikolai MALISHEVSKI At the Munich Security Conference the Ukrainian opposition and the essentially agreed on a plan to force Viktor Yanukovich to capitulate. Arseniy Yatsenyuk told of this plan of action, which was worked out with the direct participation of Western representatives, after a meeting with Secretary…
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Top Officials Held Private Meeting on Greece Bailout

Wall Street Journal BRUSSELS— Top officials peeled away from colleagues after a gathering of euro-zone finance ministers in Brussels on Monday evening for a private meeting to discuss mounting concerns over Greece's bailout. Greek Finance Minister Yiannis Stournaras, who was briefing the press in a building across the street at…
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Why Are Banking Executives In London Killing Themselves?

The Economic Collapse Blog by Michael Snyder Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great ; Well, it just happened in London, ; A vice president at JPMorgan's European headquarters in London plunged to…
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Germany: Bundesbank calls for capital levy to avert government bankruptcies

Reuters (Reuters) - Germany's Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help. The Bundesbank's tough stance comes after years of euro zone crisis that saw five government bailouts.…
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Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana

Washington's Blog Stunning Hypocrisy The big banks have laundered hundreds of billions of dollars for drug cartels. See this, this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis). The HSBC employee who blew the whistle on the…
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The Elusive Economic Recovery. The “Tide of Cheap Money”

Global Research By Prof Prabhat Patnaik The world capitalist crisis which began in 2008 not only persists but is worsening. The second half of the current year was supposed to be the period when growth in the major advanced countries would gather momentum. The IMF had predicted in spring that…
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Push of a Button: This Is How Fast They Can Lock Down the Entire Banking System

SHTFplan by Mac Slavo Late last week it was learned that some 40 million charge cards were obtained using physical processing systems located in Target retail locations nationwide. Though no details of the how the hack attack was executed have been released by Target, the FBI or other agencies investigating…
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Global Power Project: The Group of Thirty, Architects of Austerity

Washington's Blog by Andrew Gavin Marshall The Group of Thirty, a preeminent think tank that brings together dozens of the world’s most influential policy makers, central bankers, financiers and academics, has been the focus of two recent reports for ’s Global Power Project. In studying this group, I compiled CVs of the G30′s current…
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May The Odds Be Ever In Your Favor – The Reaping

The Burning Platform by Jim Quinn “Human history seems logical in afterthought but a mystery in forethought. In every prior Fourth Turning, the catalyst was foreseeable but the climax was not.” -  The Fourth Turning – Strauss & Howe – 1997 We are five years into the Crisis that will…
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The Fate Of Dollar Hegemony

Alt-Market by Andy Sutton Despite the quiet nature of things lately from a geopolitical standpoint, coupled with the mainstream media's obsession with new nominal highs in the various paper indexes, there is definitely turbulence below the surface. There have already been a number of thought-provoking articles written regarding the future…
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Big Banks Are Being Hit With Cyberattacks “Every Minute Of Every Day”

The Economic Collapse Blog by Michael Snyder What would you do if you logged in to your bank account one day and it showed that you had a zero balance and that your bank had absolutely no record that you ever had any money in your account at all?  What…
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Greenspan Baffled Over Bitcoin ‘Bubble’: “To Be Worth Something, It Must Be Backed By Something”

ZeroHedge "In order for currencies to be 'exchangeable' they have to be backed by something," is the remarkably ironic initial comment from none other than debaser-of-the-entirely-fiat-dollar Alan Greenspan when asked about the "bubble in bitcoin," by Bloomberg TV's Trish Regan. Unable to "identify the intrinsic" backing of Bitcoin (or see…
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Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

The Economic Collapse Blog by Michael Snyder The too big to fail banks have a larger share of the banking industry than they have ever had ; So if having banks that were too big to fail was a "problem" back in 2008, what is it today?  As you will…
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Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance

ZeroHedge Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade (remember trade: that's how countries once upon a time would generate capital flows in a time when central banks weren't there to…
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Central Banker Admits Faith In “Monetary Policy ‘Safeguard'” Leads To “Even Less Stable World”

ZeroHedge While the idea of the interventionist suppression of short-term 'normal' volatility leading to extreme volatility scenarios is not new, hearing it explained so transparently by a current (and practicing) central banker is still somewhat shocking. As Buba's Jens Weidmann recent speech at Harvard attests, "The idea of monetary policy…
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The Money Changers Serenade: A New Plot Hatches

PaulCraigRoberts,org by Paul Craig Roberts Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people. For his service to the handful…
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Banks Prepare to Charge Deposit Fees to Customers

Occupy Corporatism by Susanne Posel During the late October meeting of the Federal Reserve (Fed) Board and the Federal Open Market Committee (FOMC), it was revealed that the annual interest rate on money that the banks keep in the Fed would be reduced. Kris Dawsey, economist for Goldman Sachs said:…
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Banks Warn Fed They May Have To Start Charging Depositors

ZeroHedge The Fed's Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less…
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Fed’s Tarullo details plans to counter bank runs

CNBC Global regulators need more policy tools to counter the risk of devastating bank runs and should have powers over a wide array of market participants, Federal Reserve Governor Dan Tarullo said on Friday. "There is a need to supplement prudential bank regulation with a third set of policy options…
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The Money Changers Serenade: A New Bankers’ Plot to Steal Your Deposits

Global Research By Dr. Paul Craig Roberts Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people. For his service to…
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Credit Rating Agencies Downgrade Chicago’s Debt, Again

The New American by Bob Adelmann The day after the Illinois state legislature adjourned without dealing with the state’s $100 billion crisis, on Friday, November 8, Fitch Ratings downgraded $ billion of Chicago’s bonds, as well as labeling its outlook for future downgrades as “negative.” Said Fitch: “The city has…
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