Written by Jeff Nielson Monday, 13 April 2015 15:22
A little less than three years ago; a commentary was published which drew considerable attention: How Your Bank Account Could Disappear. The subject matter behind that piece was the institutionalized financial crime being committed at that time based upon the totally incomprehensible crime-euphemism “rehypothecation”.
The supposed justification, and precedent being established with this financial crime was to enable financial institutions to “convert” (i.e. steal) any financial assets in their possession, in order to cover their own (large) financial losses – losses generally arising from the reckless gambling in our “markets” which is now endemic amongst all such institutions.
In the case of rehypothecation; the legal justification for the crime was contractual in nature: account-holders who (unwittingly) entered into accounts where (in the legal, fine print) the institution holding these accounts was allowed to steal their assets, after it suffered financial losses in transactions to which these account-holders were not connected in any way.
As was noted in the original commentary; it would have required nothing more than the insertion of such “fine print” into the bankers’ contracts for their bank deposits to have (technically) allowed this banking crime syndicate to begin stealing peoples’ bank accounts, to indemnify it from any/all financial losses.
As it turned out; rehypothecation did not end up being a vehicle for the mass-theft of bank deposits, or any other financial assets, but this was only because these banksters had already turned their thoughts to even larger schemes for institutionalized, financial theft. Rehypothecation was ultimately a clumsy tool for mass, financial theft. It required one crime (i.e. “rehypothecation”) for each, supposed “financial loss” which the bank in question was claiming to have suffered.
The One Bank was looking for some much more efficient means of mass-confiscation of paper assets. With rehypothecation; the corrupt, kangaroo courts of the U.S. judicial system had already rubber-stamped the proposition that it was acceptable for financial institutions to steal any/all financial assets to cover their own losses, merely because they controlled those financial assets. What the One Bank wanted was a form of financial crime which offered all of the stealing potential of “rehypothecation”, but was systemic in nature, rather than requiring the bankers to steal on a loss-by-loss basis. Enter the “bail in”.
Once again; the banksters were/are endeavouring to cover-up their naked stealing of financial assets with an utterly meaningless euphemism. However, in the case of “the bail in”; the One Bank is simply combining two forms of its previous frauds: the abominable “rehypothecation”, and the banksters’ legendary/infamous “bail-outs”.
The inherent fraud of rehypothecation is obvious. However, the same, inherent fraud behind all of the endless (phony/absurd) “bail-outs” may be less obvious to readers. The Crash of ’08 provided the ultimate example of such fraud, and thus provides the best means of explaining/demonstrating it.
Let us put aside, for the moment, that all of the “losses” which the Big Banks claimed (in pseudo panic) were about to destroy them in 2008, were illusory and imaginary. With all of these Big Banks under the control of a single puppet-master (the One Bank), and with all these “losses” owed between its various tentacles; these supposed financial losses were never anything but a financial sham – of unprecedented proportions. However, even if we assumed that all of these faux “losses” actually existed; the bail-outs which our corrupt governments rubber-stamped following that manufactured “crash” were fundamentally fraudulent at a far more basic level.
Written by Jeff Nielson Friday, 10 April 2015 12:47
The latest salvo of the One Bank’s “gold war” has (once again) been directed at the mammoth gold market of India, repository of the world’s most-substantial (remaining) stockpile of gold. By now, regular readers are familiar with the increasing efforts of this banking crime syndicate to attempt to dampen (or simply block) global demand for gold, as it seeks to ward-off formal default in the corrupted “gold markets” of the West.
China’s enormous (and rapidly growing) gold market is off-limits to the economic terrorism perpetrated by the One Bank, because of its enormous war-chest of U.S. dollar instruments. Should these Western bankers seek to destabilize (or simply destroy) China’s economy – as they tried (and failed) to do with Russia – China’s “nuclear option” would be to flood global markets with these dollar assets, exposing the worthlessness of the dollar, in equivocal terms.
Understand how precarious the dollar Ponzi-scheme has become. When some entity (presumably Russia) dumped large quantities of U.S. Treasuries onto global markets in early 2014, the best that the One Bank (and its puppet governments) could do in ‘laundering’ that worthless, unwanted paper was to dump most of it onto the balance sheet of tiny Belgium.
What we were supposed to believe is that over a mere three-month period, Belgium’s government spent the equivalent of 30% of its total, annual GDP buying $141.2 billion worth of this Ponzi-paper. In other words, for three months Belgium (supposedly) devoted the entire GDP of its nation solely to ‘buying’ the debts of a bankrupt government.
That was an attack on the fraudulent, U.S. dollar-based, Western monetary system involving sums in the mere $100’s of billions. China’s holdings of Treasuries and actual dollars are well in excess of $1 trillion. Even the One Bank’s psychopathic henchmen are unwilling to pick a fight with the Big Dog. So the One Bank has been targeting its (gold) malice at the other, Asian giant in the world of gold: India.
This is, in fact, the third concerted effort by these banksters to attack the gold market of India. The first effort centered on defrauding Indians out of their wealth, Western-style, by getting the Indian population to buy the banker’s fraudulent, paper-called-gold “products”, instead of real gold.
The One Bank even trotted-out its stooges from the World Gold Council to tell the people of India that they thought that paper-called-gold was the best thing in the whole world. These WGC suit-stuffers (supposedly representing the world’s gold miners) couldn’t understand why anyone would want to own (and hold) heavy, glittering metal, when they could buy “banker gold” instead: neat stacks of paper certificates.
What these Wile-E.-Coyotes-in-suits failed to factor into their calculations, however, was that more than ¾ of India’s primarily rural population doesn’t even have access to banking services, let alone financial markets. Needless to say; the One Bank’s first attack on India’s gold market was a dismal failure.
Having failed in their attempted use of trickery-and-deceit; in its second attempt, the One Bank resorted to a brute-force attack to attempt to block the access of India’s population to any more of the world’s gold. Through a massive attack on India’s currency (similar to the bankers’ recent attack on the Russian ruble); the One Bank blackmailed India’s government into imposing a near-total embargo on gold imports.
Once again; the One Bank and its pack of financial thugs miscalculated. What did Indians do when they were denied access to gold through official, legal channels? They did two things, in fact. They began buying lots more silver (record quantities, in fact), and they began smuggling large quantities of gold into the country – much of it from the banksters’ own backyard (Switzerland).