Dr. Joseph P. Farrell
July 14, 2016
Many of you shared this story this week, and it’s worth digging into, for the banker deaths that we’ve seen over the past few years, from Hong Kong to London, to New York, Italy, the Netherlands, Belgium, France, and Switzerland has now spread to Puerto Rico, which, as most readers here are probably aware, is experiencing its own “debt crisis:”
So, do I think the death of Mr. Spagnoletti is suspicious, and do I think it is related to the other bankers’ deaths? The answers, on both accounts, is yes, and here’s why:
I want to draw your attention to something in this article:
Doral Bank’s founder was Salomon Levis, whose Jewish father fled Poland to escape the Nazis. The family settled in Cuba, where Salomon was born, then moved to Puerto Rico. In 1972, Levis and his siblings started a mortgage company that would become Doral. The bank took off as the island prospered, and by 2001 it was originating almost half the home loans in Puerto Rico. Its profits peaked at almost $490 million in 2004. Around then, the Levis family’s 8 percent stake in the bank was valued at $355 million, making them among the island’s richest people. Salomon Levis, who had become a corpulent playboy, was a fixture at high society events, and the gossip pages chronicled his divorce and remarriage to a much younger blond lawyer.
Then it all unraveled. In 2005 the bank revealed it had inflated its earnings by about $1 billion, prompting investigations. Levis wasn’t charged, but his nephew went to prison for fraud, and the Levis family was forced out of the bank.
In other words, at the center of the Doral Bank’s woes are mortgages, the same thing that touched off the financial collapse of 2008, and which continues to ripple through the financial sector. Recall in my book Babylon’s Banksters I pointed out how mortgages were bundled into derivatives and credit default swaps, and then even into bundles of bundles. All was well, so long as housing prices continued to rise (and to be artificially “pumped”). But when housing prices fell dramatically, all those bundles of bundles and derivatives became a huge swamp of bad paper. Additionally, we all recall the stories of massive fraud in the mortgage markets, with large banks “robo-signing” documents. We’ll get back to this issue of mortgage fraud in a moment, but recall one final thing: former HUD assistant secretary Catherine Austin Fitts has repeatedly pointed out the vast amount of fraud she uncovered in the system.
The next strange thing we note from the article is the apparent role of the occult and of animal sacrifice connected to the bank:
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