Another Banker Death

Discussion in 'Men's Economics' started by Voltrader, Feb 12, 2014.

  1. beezil

    beezil Member

    could any of that be related to the expected GCR??

    hinging on the eluded Private exchanges and currency manipulation of the Iraqi Dinar?
  2. Voltrader

    Voltrader Member anybody who had any idea how the money flowed into the dark pools that funded the manipulation.
    Wow the funny thing is I think they thought they were going to get away with it indefinitely.
    There was never a plan to actually list the IQD on the FX.
    I would not want to be the guy who has any idea of how the funding flowed.
    beezil likes this.
  3. beezil

    beezil Member

    what do you think of EO 13303??

    in response to never seeing the IQD on the forex.

    dark liquidity... and/or DERIVATIVES... casino royale for the banks!
  4. Voltrader

    Voltrader Member

    EO 13303 but if this is a standing order then the those behind the dark pools, dark liquidity, and the private funds that created should be immune to any prosecution. It was designed for complete amnesty when they finally get caught.
    Someone must feel that EO 13303 will not back them up.

    It only took 11 years to get caught thats a nice run.

    Now debt in Iraq will just being piled on......more political strife, regional unstability
    The problem is it be nice if the US citizen or even more so Vets received some of this cash that has been reaped but unfortunately I think we know were that went.
    EO13303 unreal I thought originally that this is how Uncle Sam was going to make some money back on the investment in Iraq.
    No it made it for "private funds"
    beezil likes this.
  5. DTdr2

    DTdr2 Member

    From 8-Feb-2014

    4th Financial Services Executive Found Dead; "From Self-Inflicted Nail-Gun Wounds"

    The ugly rash of financial services executive suicides appears to have spread once again. Following the jumping deaths of 2 London bankers and a former-Fed economist in the US, The Denver Post reports Richard Talley, founder and CEO of American Title, was found dead in his home from self-inflicted wounds - from a nail-gun. Talley's company was under investigation from insurance regulators.

    Via The Denver Post,

    Richard Talley, 57, and the company he founded in 2001 were under investigation by state insurance regulators at the time of his death late Tuesday, an agency spokesman confirmed Thursday.

    It was unclear how long the investigation had been ongoing or its primary focus.

    A coroner's spokeswoman Thursday said Talley was found in his garage by a family member who called authorities. They said Talley died from seven or eight self-inflicted wounds from a nail gun fired into his torso and head.

    Also unclear is whether Talley's suicide was related to the investigation by the Colorado Division of Insurance, which regulates title companies.
  6. beezil

    beezil Member

    agreed, sir!
  7. kawilt

    kawilt Member

    Suicides of Bank Executives, Fraud, Financial Manipulation: JPMorgan Chase Advisor Tony Blair is Not Involved
    By Prof Michel Chossudovs

    JPMorgan Chase is the unspoken architect of fraud, corruption, not to mention the establishment of the largest Ponzi scheme in World history.The agenda is to steal and appropriate wealth through market manipulation:
    “Just last month, JPMorgan Chase acknowledged that it facilitated the largest Ponzi scheme in history, looking the other way as Bernie Madoff brazenly turned his business bank account at JPMorgan Chase into an unprecedented money laundering operation that would have set off bells, whistles and sirens at any other bank.
    The U.S. Justice Department allowed JPMorgan to pay $1.7 billion and sign a deferred prosecution agreement, meaning no one goes to jail at JPMorgan — again. The largest question that no one can or will answer is how the compliance, legal and anti-money laundering personnel at JPMorgan ignored for years hundreds of transfers and billions of dollars in round trip maneuvers between Madoff and the account of Norman Levy. Even one such maneuver should set off an investigation. (Levy is now deceased and the Trustee for Madoff’s victims has settled with his estate.)” Pam Martens, Russ Martens, JPMorgan Vice President’s Death Shines Light on Bank’s Close Ties to the CIA,, February 12, 2014
    To successfully implement its various financial operations, JP Morgan Chase not only controls politicians in high office, it also uses retired politicians to undertake advisory functions.
    Upon his retirement from the position of Prime Minister, Tony Blair was appointed to a senior advisory position at JPMorgan Chase, His initial fee for this part-time consultancy was a modest retainer of £500,000 a year, ($750.000). It was subsequently increased to £2 million.
    Tony Blair was slated to use his network of crony political relations in Britain and the Middle East to serve the interests of JPMorgan Chase. He worked closely with CEO and Chairman Jamie Dimon, who has recently been the object of controversy.
    “We operate our business all over the world”, said Jamie Dimon:
    “and Tony Blair will bring our leaders and clients a unique and invaluable global perspective that is especially critical in turbulent times like these. Our firm will benefit greatly from his knowledge and experience” (JPMorgan January 2008 Press Release)
    It is worth noting that in 2003 after the invasion of Iraq, during Tony Blair’s mandate as Prime Minister JP Morgan Chase was designated to run the Trade Bank of Iraq.
    Tony Blair is a war criminal who has links to a fraudulent banking network.
    Mysterious Deaths of Four Senior Wall Street Bank Executives
    In recent developments on January, a JP Morgan Chase Vice President in the U.K., Gabriel Magee, “was found dead on a 9th level rooftop of the bank’s 33-story European headquarters building in the Canary Wharf section of London.”
    On February 10, Ryan Henry Crane, 37, another senior JPMorgan Chase executive died under mysterious circumstances, Crane was responsible for JPMorgan’s global program trading.
    Crane’s death comes after “a rash of suicides” over a period of 6 days involving three prominent bankers including JPM’s Gabriel Magee, former Federal Reserve economist Mike Dueker and William Broeksmit, a former senior manager for Deutsche Bank, who was found “hanging in his home, also an apparent suicide”. Broeksmit was, according to reports, connected to the process of rigging of foreign exchange markets.
    Appointment of Tony Blair: Text of January 2008 Press JP Morgan Chase Press Release
    NEW YORK, January 10 [2008]/PRNewswire-FirstCall/ -- JPMorgan Chase announced
    today that it has appointed former British Prime Minister Tony Blair in a
    senior advisory capacity to the firm, effective immediately. Mr. Blair will
    also join the company's International Council.

    Mr. Blair will advise JPMorgan Chase's CEO and senior management team
    on a part-time basis - drawing on his immense international experience to
    provide the firm with strategic advice and insight on global political
    issues and emerging trends.

    In addition, Mr. Blair will participate in select events and
    conferences for the company including senior-level client events and will
    provide briefings on political trends to the firm's Board of Directors.

    "We're honored that Tony Blair has chosen to join JPMorgan Chase as a
    senior advisor to our executive team and Board," said Jamie Dimon, Chairman
    and CEO. "We operate our business all over the world, and Tony Blair will
    bring our leaders and clients a unique and invaluable global perspective
    that is especially critical in turbulent times like these. Our firm will
    benefit greatly from his knowledge and experience."

    Mr. Blair added, "It is a great opportunity to be able to contribute to
    the work of JPMorgan Chase. They are a leading company at the cutting edge
    of the global economy, with a footprint in virtually every part of the
    world. I look forward to advising them on how they approach the huge
    political and economic changes that globalisation brings. I am excited at
    the prospect of joining Jamie Dimon, for whom I have a lot of respect, and
    the whole team, adding my own experience to their work and helping them to

    JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
    firm with assets of $1.5 trillion and operations in more than 50 countries.
    The firm is a leader in investment banking, financial services for
    consumers, small business and commercial banking, financial transaction
    processing, asset management, and private equity. A component of the Dow
    Jones Industrial Average, JPMorgan Chase serves millions of consumers in
    the United States and many of the world's most prominent corporate,
    institutional and government clients under its JPMorgan and Chase brands.
    JPMorgan Chase is committed to investing in education, economic
    opportunity, development and environmental programs that enable people and
    communities to thrive. Information about the firm is available
  8. beezil

    beezil Member

    whats the body count now??? 7..:eek:
  9. beezil

    beezil Member

    Re: maybe this is why....


    (Reuters) - Foreign exchange benchmarks will be reviewed by the world's top financial regulator, the latest front to be opened in a global probe into allegations of price manipulation in the world's largest financial market.

    The Financial Stability Board (FSB), which coordinates regulation for the Group of 20 (G20) leading economies and is chaired by Bank of England governor Mark Carney, said on Friday it would open its own investigation.

    It is the latest step in an investigation into allegations that a handful of senior traders exchanged market-sensitive information and colluded to manipulate benchmark currency rates.

    The U.S. Department of Justice and Britain's Financial Conduct Authority (FCA) are among those leading the investigations into potential wrongdoing in the $5.3 trillion (3.16 trillion pounds)-a-day market.

    The U.S. Federal Reserve is also involved in the probe, several sources with knowledge of the investigation have told Reuters, although the extent of that involvement is unclear.

    "Recently, a number of concerns have been raised about the integrity of foreign exchange rate benchmarks," the regulatory task force for the G20 said in a statement on Friday.

    "The FSB has consequently decided to incorporate an assessment of FX benchmarks into its ongoing programme of financial benchmark analysis," it added, confirming a Reuters exclusive last month.

    The scale of the probe and severity of the allegations were outlined last week by FCA chief executive Martin Wheatley, who told British lawmakers that the investigation would last into next year and the allegations were "every bit as bad" as Libor.

    Traders' manipulation of London Interbank Offered Rates (Libor), benchmark global interest rates, has resulted in banks shelling out $6 billion in fines and settlements.

    The unfolding foreign exchange scandal has already seen more than 20 traders put on leave, suspended or fired. No charges of any kind have been brought yet.

    Groups of senior traders are alleged to have shared market-sensitive information relevant for the popular WM/Reuters "fix," or London fix, which is set at 4 p.m. London time, using actual trades.

    London is the hub of the global market, accounting for some 40 percent of the $5.3 trillion traded on an average day.

    Most of the major banks in the industry, such as Citigroup (C.N), JP Morgan Chase (JPM.N) and Deutsche Bank (DBKGn.DE) are cooperating with regulators, handing over emails and electronic chat room communications between traders.

    An FSB spokeswoman told Reuters the FSB would inform G20 central bankers and finance ministers meeting in Sydney next week that the FX review was being undertaken.

    The board has already set up a group to study how best to move from a quote to a market transaction-based system for compiling interest rate benchmarks like Libor.

    The FSB's foreign exchange group will be chaired by Guy Debelle, assistant governor at the Reserve Bank of Australia, and Paul Fisher, executive director for markets at the Bank.

    The FSB said conclusions and recommendations would be transmitted to the G20 leaders summit in Brisbane in November.
  10. beezil

    beezil Member

    Re: or this...

    FX Probe: Bad Cop, Bad Cop

    A U.K. lawmaker said Thursday that London’s regulators could not give the impression they were less tough than their U.S. counterparts.Bloomberg News
    By Chiara Albanese and Geoffrey T. Smith

    It feels like every regulator on the planet is digging into the guts of the currencies market, investigating possible wrongdoing.

    In the U.K., the heart of this global business, lawmakers appear keen to make sure local regulators keep up the pressure.

    “On previous occasions, the impression was allowed to arise that U.S. regulators were hungrier to get after this than U.K. regulators were. This can’t be allowed to happen again this time,” lawmaker Pat McFadden, a member of the U.K. Treasury Select Committee said at a conference Thursday .

    The key comparison here is Libor—a scandal in which U.K. regulators faced accusations that they had missed warning signs.

    “With Libor the U.S. were in the driving seat,” said Mr. McFadden. “It’s because the [financial] industry is so important to the U.K., and to London in particular, that investigators investigate these things thoroughly, but not with undue haste,” he said.

    Mr. McFadden added that trust in financial benchmarks is essential to securing the future of the U.K.’s financial marketplace.

    London handles around 40% of all global flows—twice the market share of New York.

    And London got the ball rolling on the investigations. The U.K.’s Financial Conduct Authority started to investigate improper behavior among traders last April.

    Since then, global market authorities – including the U.S. Commodity Futures Trading Commission, New York’s financial services superintendent and authorities in Hong Kong, Japan and continental Europe followed.

    Watchdogs have been vocal on their intention to cooperate, but so far they have followed their own style.

    In January for example, the U.S. Federal Reserve and the Office of the Comptroller of the Currency flew officials to the U.K. on a “fact finding” tour of CitigroupC +0.08%’s offices in Canary Wharf, London.

    It is all a complicated task. Most of the FX market, particularly the bit under scrutiny, is not regulated. And figuring out how to treat potential wrongdoing in, say, a transaction in the U.S. dollar against the Japanese yen conducted for a German client by a U.K. trading desk is a headache.

    “Unfortunately for regulators, this investigation will likely uncover a considerable amount of wrong and inappropriate yet legal behavior. The need to cooperate with other regulators elsewhere stems from the fact that some legs of complex transactions impacting their jurisdiction where alleged wrongdoing occurred can and do span international borders,” said Javier Paz, senior analyst at consultancy firm Aite Group
  11. kawilt

    kawilt Member

    Well since "The U.S. Federal Reserve is also involved in the probe" I feel so much better that this will all get resolved. :rolleyes:
  12. beezil

    beezil Member

    except... I believe the Chinese is buying up the Federal Reserve atleast in theory; our debt.

    see below....

    China to Purchase the Federal Reserve

    The U.S. Government Defaulted in October, 2013.

    In essence, China has been slowly buying up the Federal Reserve for some time now. If you can call it a purchase. Its more of a negotiation over assuming the liabilities of both the Federal Reserve and the U.S. Treasury.

    The Federal Reserve is the largest holder of U.S. debt at $2.1 trillion. China is second at $1.3 trillion. Think of it as the United States government doing a debt consolidation of all its treasury bonds because it can no longer pay or service the debt.

    China, or the BRICS countries, and/or a consortium of international interests, most likely organized through the I.M.F., will manage the U.S. debt through exchange rate increases and trade tariffs.

    The reality for Americans for the next decade or more will be price increases/inflation of 30% to 50%, segmented by industry and region, until such a time that its debt, or a negotiated margin of their debt, is cleared from the books.

    The post WW2 boom in the United States was funded by the exportation of the dollars inflation to what is now the emerging markets. Americans lived on the backs of other countries. Now the tables have turned. Or have been turning for many years already. This would explain outsourcing, trade agreements, immigration, favorite nation status, etc..

    Why would China and other countries take on the risk of this debt? Simple, it’s economic reset or economic collapse. It’s in the worlds interest to re-structure the U.S. debt to save the whole whale from beaching itself.

    Rumors are circulating that the U.S. dollar will have a rate for in country use, and a separate international rate. That is because the U.S. treasury and the Federal Reserve are about to be severed from each other. The Treasury will control the in country dollar, and the international reserve dollar will be controlled by China and or the I.M.F. consortium of debt holders.

    The U.S. in fact defaulted back in October of 2013. This has not been told to the public at large. Why would the congress insinuate that the debt ceiling is now irrelevant? The only way the debt ceiling, or debt limit,(eg. the amount the government can borrow) can become irrelevant is if the U.S. has in fact defaulted and the process of default negotiations are taking place. Think of it as the rest of the world cutting up the credit cards belonging to the United States government.

    China has recently purchased the JP Morgan building in Manhattan for $750 billion. One could reason that they have in fact purchased all of JP Morgan. And I’m sure it will soon be announced that China has or is in the process of purchasing other Western banks and physical assets. These banks make up the majority owners of the Federal Reserve.

    The gold reserves of the west have been depleted by China. Some say there is no gold left. This is more physical assets gone from the legers of the Western banks. The system of debt based money creation of the Western world is dead. It’s over. The shift East is in the final stages of completion.

    Obama’s so called “Pivot East is less about positioning assets to counter the stirring of the eastern dragon,and more to do with making those military assets easy to confiscate when the terminal day arrives.

    It will happen over a weekend, as many have already predicted. The televisions will announce the largest deal in financial history between the Federal Reserve and China. They will discuss how all the worlds currencies have been revalued to reflect true production ratios and physical assets. Accounts will be balanced. War criminals will be prosecuted.

    This is only a summary post to capture the broad strokes. Keep checking back as I will post a more detailed metric oriented essay on the thesis presented here.

    Is the International Monetary Fund Hinting About An Economic Reset?

    January 8, 2014 Leave a comment

    It has been rumored for quite some time that the economic powers in the world, namely the Bank for International Settlements, The International Monetary Fund, and the World Bank have been working closely with most of the worlds countries on an economic reset.

    The idea behind the reset is to prevent a complete collapse of the banking industry worldwide. When one calculates the amount of debt in the world today, the instability of the whole system is obvious.

    So the main components of a reset will consist of a global currency revaluation, a new gold trade settlement system, and improved banking regulations to increase a banks assets and decrease their liabilities. The Bank for International Settlements has been slowly and quietly implementing these new regulations, Basel 1, Basel 2, and Basel 3. So banks decreasing their liabilities (less leveraging) means a contraction or reduction in the credit supply.

    Since credit is another way of saying debt, we can reason that the plan is to have less debt in the world economy. So what happens when every dollar in circulation is a debt dollar? (it already is) How do you reduce debt without decreasing economic growth?

    Christine Lagarde, Managing Director of The International Monetary Fund, speaking from Nairobi today, said that they will be revising upward their forecast on global growth. This new forecast will be made public in 3 weeks. She stated that it was premature to say anything more.

    It was only this past October that the I.M.F. issued their last global growth forecast and it was downward for 2014. So what has changed in the last 3 months for the I.M.F. to revise the forecast upward?
    If the plan is less leverage, how can we expect growth when the system of money creation is a debt based system? We can micro analyse endless charts and money velocity forever. The fact is our money creation method is debt based and debt is increasing at alarming rates. So what gives?

    A global currency revaluation is one of the main components of an overall macro economic reset. The consensus is that the worlds currencies will become partially asset backed and will be revalued to reflect each countries capacity to produce and bring those assets to market. In essence, it will be a bastardized version of fiat currencies and commodity currencies. It will be a Frankenstein monstrosity which will lumber around the country side dreaming of becoming real money, like gold or silver. And like the sad and ill-fated beast, it will eventually die the tortured death of things that wanted to be but never could.
    That death will most likely occur 10 to 15 years after the currency revaluation, so we need not worry too much about it right now.

    A currency revaluation will also mean a downward revalue of the U.S. dollar, which has been the worlds primary reserve currency since 1944. This will leave a geo-political and military hole in the world. In fact, we are already seeing this vacuum being filled in by Russia, China, and the rest of the emerging economies. Remember how suddenly the U.S. backed down on their Syria threats, and started making peace with Iran shortly after. And there are rumors of secret negotiations with Cuba, Hezbollah, and even North Korea.

    This rumored reset would have to be one of the most complicated and intricate systems ever attempted. In fact, if one knows where to look, you can see this new system being created just underneath the surface of the old. And like new flesh crawling upwards to cover the bones of the old, the economic reset will happen. The monster will be given a new body and new life, if only temporarily.
    Perhaps the I.M.F. just gave us a hint of what is too come. Commodities may be a great place to transfer some wealth. Especially into the very affordable Silver. - JC

    Link to the Economic Times of India article on todays announcement:
    Last edited: Feb 18, 2014
    kawilt likes this.
  13. Voltrader

    Voltrader Member

    My thoughts are...
    A. Typically to put a reset in place a major war first has to happen.

    B. Todays banksters have now found a path of least resistance to manipulate the reset with out the need of war. Actually, using the reset as the answer for world peace. I guess that is why it is called human progression.:confused:

    At some point though does it all break down and lead to global chaos.

    History dictates and I tend to believe the reset is not so distant. Watch it will come under the disguise of peace and a better world this time.
  14. beezil

    beezil Member


    you are echoing my thoughts exactly.

    stay tuned for more...
  15. LW64

    LW64 Member

    He who sups with the devil should have a long spoon...
  16. maybe someone is going around doing the fucking world a favor
  17. end time are night, vines wrapping around the sears tower and venison being cured on the freeway