This article is inspired by a data breach that occurred at HSBC. and for some reason it
reminded me of all the crimes, including JPMorgan’s late crime, that have
been conducted over the years since 2009.
We have reported, endlessly, on the financial crimes against humanity
committed by the too big to jail banks, specifically, HSBC, JP Morgan and
Wells Fargo (Fraud-O) since the 2009 Greater Depression began. The Federal
Reserve, the enabler, has assisted with these crimes by funneling billions of
funds into the accounts of these banks.
The list of financial crimes committed by these three banks is staggering.
LIBOR manipulation, FOREX manipulation, precious metals market manipulation,
mortgage securities fraud, funding terrorist organizations, drug money
laundering and these are just the crimes in which fines have been levied
against these mafia style organizations. Not one executive has been
imprisoned, not one executive has been stripped of their wealth created by
these crimes. Think about that the next time you pay taxes or pay a fee to a
bank.
In one corner you have Wells Fraud-O continually creating millions of fake accounts to
transfer funds around along with mortgage fraud. Not one executive, not one
mid level manager and barely even a low level employee has been investigated
or arrested and imprisoned for these crimes. The Department of InJustice has
found it to be more convenient to simply “fine” the bank (which shows no guilt) and
allow their crime spree to continue. The fines levied against Wells Fraud-O
are equivalent to a few days profits and the fines are passed along to the
customers through increased fees so the bank never suffers any kind of lose.
Pretty good deal for the bank.
Then you have JP Morgan, who we just reported as having been found guilty, again, of
market manipulation. JPMorgan’s latest crime, precious metals markets
manipulation. The real meat-of-the-matter in this story is the fact the low
level manager that was caught, ratted on his supervisors and senior traders.
This is important as it shows the upper management, the people the low level
trader reports to, had knowledge of these crimes. This would lead one to
believe the entire culture is nothing more than a crime syndicate with upper
levels managers being involved and, at the very least, knowledgable of these
crimes being committed.
Let’s not forget that JP Morgan has been found guilty of rigging the LIBOR (London Inter-Bank Overnight
Rate) market. This market directly impacts every interest bearing loan on
planet earth. If you have a car loan, a mortgage, student loan, credit card,
bank loan, HELOC or any interest bearing loan generated through a bank or
“payday loan shark” organization, well, it effects you and your wealth.
What about JP Morgan and drug money laundering. Yep, they do that as
well. What about rigging the bitcoin market? You guessed it, guilty again.
I could go on, but I hope this paints an accurate picture of this crime
syndicate. This is a criminal operation any way you look at it. All these
financial crimes directly impact individuals around the world. Individuals
wealth is being transferred from their humble accounts to the coffers of
JPMorgan/Chases’ executive level, through bonus’ and stock purchases.
And as a side note, JP Morgan paid a $9 billion fine to keep a whistleblower story under
wraps. How’s that for justice? Kinda gives you the warm and fuzzies, ay?
Remember, these are just skimming the surface of the crime spree committed
by these banks. There could be plenty of unreported crimes that are happening
right now. I’m not saying there are crimes being committed, just saying it is
a possibility.
This brings us to HSBC, the mac-daddy of financial crimes against
humanity. The list of crimes this organization continually commits is
entirely too long to detail so here is a good sampling.
HSBC has been fined for:
– funding terrorist
– drug money laundering
– LIBOR market manipulation
– FOREX market manipulaiton
– mortgage fraud
– general fraud – so criminal they just have to be found guilty
of something
What else can be said, other than, we can only hope the Executive Order
(EO) President Trump signed is put to good use against these criminal
organizations. The general consensus is Executive Order 13818 – Blocking the Property of
Persons Involved in Serious Human Rights Abuse or Corruption – was
signed with Obama and Clinton in mind, but it could very easily be used
against the too big to jail crime syndicates called banks.
