Tag Archives: banks

UK’s top 4 banks under major investigation

Barclays bank

Barclays, Royal Bank of Scotland, HSBC and Lloyds may be forced to break up following a finance watchdog’s inquiry. The watchdog claims Britain’s banking sector is characterized by anti-competitiveness and a failure to meet ordinary citizens and small business’ needs. Outlining its proposals for a sweeping 18-month investigation into Britain’s major banks, the newly-established Competition and Markets Authority (CMA) has ... Read More »

Whistleblower: HSBC still laundering money for terrorists, drug cartels

HSBC drugs and terrorism financing

Big banks are apparently too big to jail, even when they bankroll terrorists and drug cartels, while regular people fill the prisons in the world’s largest drug population for mostly non-violent drug offences. As a former Anti-Money Laundering Officer at HSBC, Everett Stern was arguably never actually supposed to catch money laundering activity. Instead, with little training but an inclination to ... Read More »

FBI caught planning to kill Occupy leaders

Ideas are bulletproof

According to journalist David Lindorff, the FBI planned to assassinate the leaders of the now moribund Occupy movement “via suppressed sniper rifles.” Lindorff cites a Freedom of Information Act (FOIA) request filed by the Washington, DC-based Partnership for Civil Justice Fund. The redacted document obtained from the FBI in Houston states: An identified [DELETED] as of October planned to engage in ... Read More »

This guy took a gigantic loan to destroy the financial system

Enric Durán

In 2008, anticapitalist campaigner Enric Durán borrowed €492,000 ($642,306) from 39 different financial entities with absolutely no hope or intention of paying it back. But—as you might expect from an anti-capitalist campaigner—he didn’t spend it all on diamond kitchen knives and luxury frisbees. Instead, he ploughed it into a number of unspecified anti-capitalist causes and spent the rest on Crisi, a ... Read More »

Rothschild’s want Iran’s banks

Iran Central Bank

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts. Some researchers are pointing ... Read More »

How the global collapse will be sold to the masses

world crisis

In our modern world there exist certain institutions of power.  Not government committees, alphabet agencies, corporate lobbies, or even standard military organizations; no, these are the mere “middle-men” of power.  The errand boys.  The well paid hitmen of the global mafia.  They are not the strategists or the decision makers. Instead, I speak of institutions which introduce the newest paradigms.  ... Read More »

Only 3 minutes worth listening to from World Economic Forum 2013

World Economic Forum Davos

“Why do we consider banks to be like holy churches?” is the rhetorical question that Iceland’s President Olafur Ragnar Grimsson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos. Amid a week of back-slapping and self-congratulatory party-outdoing, as John Aziz notes, the Icelandic President explains why his nation is ... Read More »

US banks shaken by biggest deposit withdrawals since 9/11

Bank run

US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system hasn’t seen such a massive fund outflow since 9/11 attacks. The first week of January 2013 has seen $114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down to $5.37 trillion, according to the US Fed. Financial analysts suggest it ... Read More »

The four business gangs that run the US

US flag

If you’ve ever suspected politics is increasingly being run in the interests of big business, I have news: Jeffrey Sachs, a highly respected economist from Columbia University, agrees with you – at least in respect of the United States. In his book, The Price of Civilisation, he says the US economy is caught in a feedback loop. ”Corporate wealth translates into ... Read More »