Is There A Quiet War Going On Between USA & Germany? [Part 1]

Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.
June 8, 2017

I’ve had this suspicion for some time that some sort of quiet war, punctuated – or perhaps better put, underscored – at times by apparent “new depths of cooperation” between Germany and the USA. And, for “Germany” here one might also say, to some extent, continental Europe.

Now, before I go any further, I need to remind people of some fundamental truths: (1) since 1871, and for the foreseeable future, Germany has been and will continue to be the economic and industrial locomotive of Europe, and that can be (and has been) translated at times into military power (q.v. World War One, and World War Two); (2) German war aims in both World Wars was the creation of a European federation under German dominance (that one seems to have worked out), and, coincidentally, the USA had a similar war aim in World War Two, and became a backer for the creation of the Common Market that led to today’s European Union; (3) Germans are not Nazis and not interested in conquering the world; (4) the current American political class, beginning ca. 1988 and continuing to now, is equally as irrational, kooky, and insane as the German political class, which remains irrational, kooky, and insane(q.v., Angela Merkel).

With that out of the way, we can return to my suspicion of some sort of quiet war being waged between the USA and Germany. It began as a suspicion in the aftermath of the Oklahoma City Bombing, with the appearance of Andreas Strassmeir in the circle of acquaintances of convicted alleged bomber Timothy McVeigh. (I saw “convicted alleged” because if you believe in the ANFO bomb theory, then you probably also believe in the magic bullet and unicorns). Strassmeir had been “security chief” to an American white supremacist militia group, who was under FBI suspicion for a role in the bombing, who disappeared, and later turned up in Berlin, where he gave a brief statement to the press at the home of his father, Gunther Strassmeir, who just happened to be then-Chancellor Kohl’s minister-without-portfolio for German reunification. Strassmeir, in other words, was “connected.” Oh, by the way, he was also a graduate of the Hannover military academy and a captain in the German army.  Some believe he was in this country in some role as a member of German intelligence, perhaps on loan to the FBI. In support of that allegation, it is believed that Strassmeir was assisted in leaving the USA – during the height of a nation-wide manhunt for him – by the elite German commando and counter-terrorism team, the GSG-9.

Then of course, there are the well known – and very strange – shorts and puts on the US stock markets in the days immediately prior to 9/11, many of them made through – you guessed it – Deutsche Bank-affiliated corporation Alex Brown. Deutsche Bank itself suffered strange cyber infiltration just seconds before the Twin Towers were struck. And, as I’ve pointed out in my book Hidden Finance, Rogue Networks, and Secret Sorcery, there is a strange and little known connection of Mohammad Atta, alleged “chief hijacker” of 9/11, to various German connections, his stay in Hamburg, and even a connection between the Bin Ladens, and Deutsche Bank, by a notorious and allegedly pro-Nazi Swiss banker.

Since 9/11, there have been strange actions on the part of the US government, not the least of which was President – then candidate – Obama’s speech in Berlin to wild ovations. This was followed, during his administration, by fines and lawsuits against Deutsche Bank, fines and allegations for environmental violations on the part of German automakers, and, most recently, charges against and fines Deutsche Bank for money laundering. Of course, none of this is connected in the reporting of the stories as being connected to Oklahoma City or to 9/11, but I suspect they are. (See this Reuters article shared by Mr. S.D.  Fed fines Deutsche Bank for anti-money laundering failures.)

Now, I don’t know about you, but this seems to me to be a little “selective”, for I have difficulty believing that Deutsche Bank is the only major banking multinational engaged in money laundering. I suspect many big American banking giants are equally complicit, and the same would hold true for major banks in France, the UK, Italy, Japan, and so on. But no, for some reason, Deutsche Bank seems to be at the top of the list.

But now, it seems to have escalated to a war of words between the German Chancellorin, Angela Merkel, and US President Donald Trump. And Merkel is making her, and Germany’s, and Europe’s, position very clear (this article shared by Ms. B.Z.):

Merkel warns US, Britain no longer reliable partners

(For a more “anti-German” and prejudicial analysis, see Germany’s Merkel Says Europe Can’t Rely Upon Great Britain and American Anymore  This article was noticed and shared by Mr.H.B.)

The language here is extraordinarily strong, and, indeed (take note) a first for post-war German chancellors:

Europe “must take its fate into its own hands” faced with a western alliance divided by Brexit and Donald Trump’s presidency, German Chancellor Angela Merkel said Sunday.

“The times in which we could completely depend on others are on the way out. I’ve experienced that in the last few days,” Merkel told a crowd at an election rally in Munich, southern Germany.

“We Europeans truly have to take our fate into our own hands,” she added.

Let us back up and recall something I’ve been maintaining for about seven years: the USA has been quietly playing a dangerous geopolitical game in Eastern Europe and the Ukraine, by basing American troops progressively more eastward, in Romania, Poland, and the Baltic states, positioning them between Germany and Russia. Thus, while most analysts have been viewing these moves as “anti-Russian”, I view them as equally “anti-German” in that these movements and deployments were and are meant in my opinion to keep Berlin and Moscow apart, and to make economic coordination between the two European powers – the two most powerful European powers – more difficult if not impossible. It also not only puts pressure on Russia in the Ukraine, it equally denies a more “muscular” German influence in the Ukraine by breaking the direct land link through Eastern Europe.

Merkel’s response to this was to bring her vice chancellor(as Marine Le Pen liked to call him), Francois Hollande with her to try to negotiate an end to the Ukrainian mess directly with Mr. Putin. Equally, after those moves, we also recall then Foreign Minister Steinmeir’s address in Berlin to German businessmen that Germany’s foreign policy was going to have to become much more independent and military, and I suspected then, and continue to suspect now, that the backdrop for his remarks were precisely these American moves in eastern Europe.

The bottom line: Bundeskanzlerin Merkel is not simply “reacting” to Mr. Trump. The geopolitical and economic reality is that Germany was turning east long before the recent G-7 meeting or Mr. Trump’s withdrawal from the Paris accords.

To put this as plainly as possible: the Merkel government was handed a crisis of opportunity, and Frau Merkel is playing it for all it is worth, setting very long term policy goals into place because of it.

Just what all this may mean will have to wait for tomorrow…

Read More At: GizaDeathStar.com
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About Dr. Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

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More Fines For Deutsche Bank For Russian Trades

Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.

If you’ve been following the strangeness in banking over the past few years (and decades for that matter) you’ll have noted certain names to keep popping up, and this is particularly the case in the aftermath of 9/11, and one of those names is Deutsche Bank. This article was shared by Mr. M.M., and there’s a few things in this article that caught my attention, but unless one knows the story, the bland reporting of the Reuters article will cause those things to go completely unnoticed. Besides being under investigation in Italy for some shady trading deals implying the use of the float to generate money (see https://gizadeathstar.com/2017/01/eye-looming-storm-bankster-deaths-missing-money-deutsche-bank-part-two-promis-will-float/), and besides having already been hit with fines for other things, being under investigation for helping to rig the London Inter-Bank Offered Rate (LIBOR), now the big German bank is being hit with fines for trades involving Russia:

Deutsche Bank fined for $10 billion sham Russian trades

Now, if one has been following the strangeness going on in Europe ever since the Advent and Epiphany of Mad Madame Merkel, one might get the idea that there is something very real and very messy going on behind the scenes; it is almost as if a covert warfare, much of it economic, were being waged against Germany; first the former German Foreign Minister, Steinmeir, gave a little talk in Berlin to assembled German businessmen a few years ago, informing them that Germany’s foreign policy would have to become more “militaristic”. He spouted a bunch of globaloney to buttress his position, but in the end, one didn’t really have a clear picture as to why it was necessary to do so. Then Germany announced it wanted to triple the size of its military and bring it back to Cold War standards of size, then Germany backed the creation of an all-European army, and now it wants to open its military to foreigners, EU army or no (see today’s “tidbit.”) Volkswagen was hit with stiff fines for falsifying its emissions by the USA, and Deutsche Bank is being hit with fine and after fine from Washington and London… then came BREXIT.  And through it all, persistent attacks on Deutsche Bank, a major bank within the Western system of finance. It almost leaves one with the impression that someone, somewhere, wants to drive it into the ground, or at least peel it away from that system.

Whether all of this be true or not is, alas, the subject perhaps of a more lengthy examination in the future, for it is not the subject for today’s high octane speculation.

What is of interest in the Reuters article by Karen Freifeld and Arno Schuetze is the following:

Deutsche Bank (DBKGn.DE) has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender’s finances.

In two detailed reports, U.S. and British regulators criticized the bank for not knowing the customers involved or the source of money for the trades, which helped buoy revenue during a slowdown following the global financial crash.

The scheme involved so-called mirror trades carried out between 2011 to 2015 – for instance, buying Russian stocks in roubles for a client and selling the identical value of a security for U.S. dollars for a related customer.

Note firstly that some of these trades were executed after the sanctions on Russia, and secondly, that it involved laundering money out of Russia. But then we’re told there are missing documents, and that apparently the US Department of Justice was looking even deeper:

Karl von Rohr, Deutsche Bank’s chief administrative officer, said the bank regretted its role in the Russian trades scheme and that it had since acted to address shortcomings.

He cautioned, however, that other authorities were investigating the trades and that the matter was not yet closed.

The U.S. Department of Justice is not part of the deal and is still looking into the trades. A spokesman declined to comment on its inquiry.

What disturbs me here is the potential that Deutsche Bank’s alleged activities, at least in so far as Reuters is reporting them, might represent a continuation of the “rape of Russia” policies that began shortly after the collapse of the Soviet Union, under the fragile government of Mr. Yeltsin. That rape had many players, among them the Bank of New York, and the Harvard Institute of International Development (See Anne Williamson ‘s “Testimony Before the Committee on Banking and Financial Services of the United States House of Representatives, Sept 21, 1999, here: BankstersInRussiaAndGlobalEconomy.htm). Yes, that’s the same Bank of New York that some 9/11 researchers implicate in mysterious securities clearing after 9/11, and that’s the same Harvard Institute of International Development that, according to Ms. Williamson, “advised” the Clinton Administration on its “austerity” policies. The result of those policies, argues Williamson, was the rape of the Russian people, and a massive transference of wealth into the hands of the old nomenklatura and into the hands of Western oligarchs.

So where’s the high octane speculation here? Note that the German bank’s activities would, as I suggested above, seem to fit this pattern. But also note the equally if far more curious thing that it is being fined for those activities. I see two possible ways to interpret this: (1) the German bank wanted…

Continue Reading At: GizaDeathStar.com
________________________________________________

About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

At The Eye Of A Looming Storm? Those Banker Deaths & More Missing…[Part 2]

Banksters
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
January 29, 2017

Yesterday I began this two part blog by noting an important article that appeared in Bloomberg Business Weekly, authored by Vernon Silver and Elissa Martinuzzi, concerning how Deutsche Bank made billions disappear from its books. At the end of that blog, I noted the banker deaths that mysteriously surrounded the Deutsche Bank transactions with Michele Faissola and the Italian Banca dei Paschi di Sienna, a bank in continuous operation since the Renaissance. I also noted Bloomberg’s “take” that this transaction was a microcosm of Deutsche Bank’s other operations. Finally, I noted that the banker deaths were not confined to associations with Deutsche Bank, but that they engulfed other prime banks and even some insurance institutions in the Western financial system, among them J.P. Morgan Chase. So to refresh our memory, we have the following elements:

(1) Derivatives trade, which comprise in part mortgage-based securities, that are tied to “triggers” such as interest rates;

(2) Deutsche Bank’s role in helping rig the LIBOR(London Inter-Bank Offered Rate), one such “trigger”;

(3) the global phenomenon of banker deaths, which I now hypothesize is an indicator that Deutsche Bank’s practices are, indeed, not confined to that bank alone but part of a systemic “operating procedure” for purposes yet to be speculated about; and,

(4) the details of the Deutsche Bank-Banca dei Paschi di Sienna transaction, currently being investigated and adjuticated in Italy.

Let us refresh our memory on the details of that last point, for they bear directly on today’s high octane speculation, which I have titled “I PROMIS you it will Float”:

That’s typically a red flag to auditors and regulators, and it took almost a month for Deutsche to alter the deal so it contained a small amount of actual risk. The bankers did this by mixing in two interest rate triggers—that is, prices to be fed into a formula that would determine how much money the participants in the trade had to pay or receive from each other. But that created a slight possibility that Paschi could win both sides of the bet. To mitigate this potential Deutsche loss—as much as €500 million—Deutsche added a third trigger. Underlying the now complex flowcharts of rates, payments, and triggering events was the asset on which the transactions were to be based: about €2 billion in Italian government bonds.

Further illustrating the incestuousness of the deal, Paschi would need to buy the bonds and hand them over to Deutsche as collateral. Deutsche, for the sake of its own accounting, would need to sell the bonds to come up with cash that it then would give right back to Paschi to pay off the Santorini loss. And Paschi would buy the bonds in the first place from a third bank that had bought them from Deutsche.

Now notice that this is simply a circular “triangle” designed to facilitate the accounting practice that would allow the whole transaction to be kept off the balance sheets:

Deutsche also benefited from the way it accounted internally for its side of the deal. That complex shuttling of Italian bonds? The bank decided that all of the back-and-forth maneuvers canceled themselves out and did not need to appear on its balance sheet. Deutsche began to apply the practice to transactions around the world, totaling more than $10 billion that never showed up on its books and making the bank look smaller and less risky than it really was.

But what is really going on? I suspect it has a great deal to do with a method of generating money and keeping that money off the books, a method known as the “float.” (There are actually two kinds of floats here, but we’re only considering one of them in this exercise of high octane speculation). Investopedia defines the first type of float this way:

Money in the banking system that is briefly counted twice due to delays in processing checks. Float is created when a bank credits a customer’s account as soon as a check is deposited. However, it takes some time for the check to be received from the payer’s bank. Until the check clears from the payer’s bank, the amount of the check appears in the accounts of both the recipient’s and payer’s banks.(See Investopedia: What does “float” mean?)

Notice that money deposited in an account appears on the bank’s books as a liability of the bank; however, prior to actual clearing of the transaction, both at the paying and receiving end, that money is in a kind of accounting limbo, during which time it can actually function as a “hidden” reserve, allowing the bank to use it for very quick transactions on which it will earn more money, before the transaction is cleared.

In this case, the Deutsche Bank-Banca dei Paschi di Sienna triangular transaction created an enormous float, which could be conveniently tracked in real time by…oh, say, a database management software program like PROMIS, brainchild of Inslaw Corporation and its founder, William Hamilton. As most readers here are aware, Inslaw’s software was stolen by the Reagan Justice Department, modified with several backdoors, and then covertly marketed by the American intelligence community to a variety of countries. As I noted in Hidden Finance, Rogue Networks, and Secret Sorcery, this software could track anything – including financial flows – in real time through a variety of databases.

Such money generated by this practice may, or may not, be entered on the bank’s books. In the latter case, it would constitute a “hidden reserve”, so to speak, which can then be used to create even more liquidity. As I’ve noted above, coupling this practice to the derivatives and to mortgage fraud – think only of Catherine Austin Fitts’ story detailing massive mortgage fraud in the Department of Housing and Urban Development when she was assistant secretary there, and one creates an enormous hidden financial system with a volume of liquidity that would probably boggle the mind, liquidity that in turn can be covertly used for a variety of purposes, from manipulation of markets of all sorts – commodities, bullion, interest rates and so on – to covert funding mechanisms for covert operations and, given the sheer scale of the system, funding for expensive black projects research and technologies, and even as a mechanism to fund “off world” projects and trade. Keeping the float secret is, I am arguing, a fundamental component of this hidden system of finance, and it would be a national security secret worth keeping at any price, including the murder of those who…

Continue Reading At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

At The Eye Of A Looming Storm? Those Bankster Deaths & More Missing…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
January 28, 2017

It has been a while since we’ve talked about those mysterious bankster deaths, many of them having all the hallmarks of “bankercides (i.e., murder by suicide), and it’s been even longer since we’ve talked about all that “missing money” sloshing around in the system somewhere, an amount of money in the trillions. Well, Mr. W.D. sent the following article, and it has my high octane speculation running in high gear and overtime, but we’ll get back to that, because I want to paint in very broad strokes today. The article that he shared concerns a looming storm centered around Europe’s largest bank, Deutsche Bank, and some shenanigans that reach out to engulf Italy and, I suspect, pretty much everyone else. But as I said, we’ll get back to that. Here’s the lengthy article by Vernon Silver and Elissa Martinuzzi that appeared on Bloomberg Business Week:

How Deutsche Bank Made a $462 Million Loss Disappear

Of course, a mere $462,ooo,ooo looks like chump change to a bank as large and powerful as Deutsche Bank, but there are even vaster sums involved in this disappearing act. The story begins, according to the article, at a meeting held at Deutsche Bank’s London branch headed by Italian banker Michele Faissola:

On Dec. 1, 2008, most of the world’s banks were still panicking through the financial crisis. Lehman Brothers had collapsed. Merrill Lynch had been sold. Citigroup and others had required multibillion-dollar bailouts to survive. But not every institution appeared to be in free fall. That afternoon, at the London outpost of Deutsche Bank, the stolid-seeming, €2 trillion German powerhouse, a group of financiers met to consider a proposal from a team led by a trim, 40-year-old banker named Michele Faissola.

The scion of an Italian banking family, Faissola was the head of Deutsche’s global rates unit, a division that created and sold financial instruments tied to interest rates. He’d been studying the problems of one of Deutsche’s clients, Italy’s Banca Monte dei Paschi di Siena, which, as the crisis raged, was down €367 million ($462 million at the time) on a single investment. Losing that much money was bad; having to include it in the bank’s yearend report to the public, as required by Italian law, was arguably much worse. Monte dei Paschi was the world’s oldest bank. It had been operating since 1472, not long after the invention of the printing press, when the Black Death was still a living memory. If investors were to find out the extent of its losses in the 2008 credit crisis, the consequences would be unpredictable and grave: a run on the bank, a government takeover, or worse. At the Deutsche meeting, Faissola’s team said it had come up with a miraculous solution: a new trade that would make Paschi’s loss disappear. (Emphasis added)

The crucial point to focus on here is not only Faissola’s connection to the Banca Monte dei Paschi di Sienna, the world’s oldest bank, in continual operation since the Renaissance, but also his position as head of Deutsche Bank’s global rates unit, which, the article also notes, “created and sold financial instruments tied to interest rates,” for later on in the article, we learn that Deutsche Bank is under investigation for its role in helping to rig the LIBOR (London Inter-Bank Offered Rate), which Wikipedia notes is ” the primary benchmark, along with the Euribor, for short-term interest rates around the world.” (See Wikipedia: Wikipedia LIBOR):

This month the bank agreed to pay $7.2 billion to resolve a U.S. probe into its subprime mortgage business, admitting it misled investors. Deutsche has paid more than $9 billion in further fines and settlements related to claims of tax evasion; violating sanctions against Iran, Libya, Syria, Myanmar, and Sudan; rigging the $300 trillion Libor market; and other alleged breaches of the law.
(Emphasis added)

Having a division that creates and sells financial instruments “tied to interest rates” such as the widely used LIBOR is a handy thing to have around, particularly if one is also engaged in rigging that very London Inter-Bank Offered Rate!

In any case, Faissola had approached Deutsche Bank with what can only be regarded as a “scheme” to help the troubled Banca Monte dei Paschi di Sienna, and this is where it gets interesting. As the article notes, Faissola proposed a “sure-thing, moneymaking bet with Deutsche Bank and use those winnings to extinguish its 2008 trading losses” by engineering a two-step trade, with one transaction bet which would make immediate gains, and the second transaction staged over time “that was sure to lose”, and of course, Deutsche Bank would profit from fees in both trades. But as the article also observes, as Faissola was pitching his plan – the details of which we’ll get to in a moment, doubts were being raised within the bank about the plan’s structure:

Outside the room, one of Faissola’s longtime colleagues was raising questions about the deal. William Broeksmit, a managing director who specialized in risk optimization, was concerned about the winner-loser construction. A Chicago-born son of a United Church of Christ minister, Broeksmit had decades earlier been a pioneer in interest rate swaps, the financial instruments that had rewritten the possibilities—and profitability—of investment banking. But Broeksmit, 53, was also against reckless derivative deals, which is how he viewed Faissola’s proposal, according to a person familiar with his thinking. Eleven minutes after the meeting began, Broeksmit e-mailed one of its attendees with a warning about the Paschi trade and its “reputational risks.”

If the name William Broeksmit sounds familiar, it should for he’s one of those “suicided” bankers, as the article also notes, for when the whole plan exploded into public view in Italy in 2013, it was accompanied by two more of those suspicious “banker deaths”, one of whom was William Broeksmit, and the other was David Rossi, of Banca Monte dei Paschi di Sienna:

Among the casualties was David Rossi, Paschi’s communications chief. At about 9 p.m. on March 6, a bank employee noticed that Rossi was missing from his fourth-floor office. A window had been left open. Authorities found Rossi’s body in a courtyard below. Rossi, 51, wasn’t himself the subject of any inquiries, but his home had been searched two weeks earlier by police. His death was at first ruled a suicide, but the inquest has been reopened based on evidence his wife presented, including security video that shows Rossi fell out backward.

Several months after Rossi’s death, in January 2014, Broeksmit was supposed to meet his wife of almost 30 years at a cafe near their home in the South Kensington neighborhood of London. He didn’t show. When she returned home, she found his body hanging from the leash attached to a door. In a dog bed, he’d left suicide notes, including one addressed to Jain, his longtime colleague. The New York Post reported last year that the note to Jain contained an apology. A summary of Deutsche Bank’s own review of the suicide, seen by Bloomberg Businessweek, doesn’t mention the note and says the review found no direct link between Broeksmit’s death and his work at Deutsche.

Why Broeksmit? Well, perhaps because he had been given broad authority within the big German bank on its “management approval committee, where Broeksmit had influence. Top management,” the article notes, “had just handed Broeksmit broad authority to police risk across the firm…”. And there’s more, for as news began to come out publicly about the details of the scheme, the German banking regulatory authority, BaFin began an audit in January 2014, and as Bloomberg Business Week states, even though the report “has never been make public,” Bloomberg managed to obtain a copy, just how, we’re not told, but we may be sure it involved big players, perhaps in the intelligence community. The audit began on Jan 27, 2014, the day after Mr. Broeksmit “was found at his London home, hanging from a dog leash.”

As the article also notes, when Deutsche Bank moved aggressively to enter the world of investment banking, it hired Edson Mitchell from Merrill Lynch. Mitchell brought in Broeksmit, and Anshu Jain, “a prodigy at selling such risky, fee-laden products to hedge funds.” Mitchell died in a plane accident three days before Christmas in 2000.

I don’t know about you, but three banker deaths, all tied to the same bank, seems a little more than just “coincidence.”

But whether…

Continue Reading At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

A Covert Economic War Between The USSA & Germany?

calculator

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
October 15, 2016

Lest we forget, besides strange archaeo-paleographico-geopolitics and space recently, there is the ordinary financial malfeasance in high circles, epitomized currently by the growing problems of Deutschebank. However, now it seems that some sort of “cat” is out of the proverbial bag, as German politicians are now claiming that the USSA’s fine on Deutschebank may be part of a wider economic war:

German Politicians Accuse US Of “Economic War” Against Deutsche Bank

The backdrop here is rather significant, for recall just recently the German chemicals, pharmaceuticals, and agribusiness giant Bayer bought Mon(ster)santo, and had the cash to do it.

In any case the Germans are viewing this not as an attack on Deutschebank, but on Germany itself. Consider the implications of these paragraphs:

When we first heard the news that the US DOJ had slapped Deutsche Bank with a $14 billion settlement on September 15, a number that looked oddly similar to the $14 billion fine the EU slapped on Apple, we determined that this was likely nothing more than “blowback” on behalf of the US, saying “just a few weeks after the EU slapped Apple with a $14 billion bill for “back taxes,” the U.S. has apparently responded with a $14 billion fine of their own to Deutsche Bank to settle an outstanding probe into the company’s trading of mortgage-backed securities during the financial crisis.”

Today, after three weeks of unprecedented volatility in the stock price of the German lender which sent its shares to all time lows as recently as Friday, Germany has latched on to this line of attack as German politicians accused the US of waging economic war against ­Germany as, in the words of the FT, “concern continues to rise among its political and corporate elite over the future of Deutsche Bank.”

The German parliament’s economics committee chairman Peter Ramsauer, in an interview with Welt am Sonntag, said the move against Deutsche “has the characteristics of an economic war”, adding that the US had a “long tradition” of using every available opportunity to wage what amounted to trade war “if it benefits their own economy”, and the “extortionate damages claims” being made in the case of Deutsche Bank were an example of that. According to the German politician, the threat to force Deutsche Bank to pay a $14 billion fine over its mortgage-backed securities business before the 2008 global crisis “has the characteristics of an economic war.”“Extortionate damages claims” in the case are an example of that, said Ramsauer.

Another German politician, Merkel ally and MEP Markus Ferber suggested, as we did, that the Deutsche Bank investigation is a “tit for tat response” from the US Department of Justice after Brussels imposed a record €13 billion penalty against Apple’s tax misdoings in Europe. It’s not just Apple however: earlier this year, Germany’s Volkswagen agreed to pay $16.5 billion in the US for cheating on American diesel vehicle air pollution tests between 2008 and 2015. The fines still risk growing by billions and VW needs to recall 85,000 vehicles.

Note that one implication of all of this is that if the US fines are in retaliation of EU fines against apple, then the US has retaliated not against the EU, but against Germany, revealing what everyone already knew anyway, and that is that Germany is in the driver’s seat of the EU. No one else comes close. Add to this the fact that the TTIP is all but dead on the European side and as far as France and Germany are concerned, and it does indeed look like there is a trade war between the USSA and Europe, i.e., Germany.

The real question is, why? After all, Chancellorin Merkel has obligingly followed…

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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

….Oh, And About Those Deutsche Bank Derivatives…

…OH, AND ABOUT THOSE DEUTSCHE BANK DERIVATIVES…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell PhD
September 7, 2016

In last Thursday’s News and Views from the Nefarium, I talked about the strange behavior of Germany’s largest, and one of the world’s largest, banks, Deutsche Bank. Then I pointed out the strange behavior of the bank both in deny gold deliveries, and in the fact that it had finished and published a study questioning the overvaluation of stocks on the Standard and Poor’s index, and casting the blame for that over-valuation on central banks, namely, the US Federal Reserve. Well, while you’re pondering those wrinkles, consider this article from our friends at The Daily Bell, shared by Mr. S.D.:

Why Is Citi Gobbling Derivatives?

http://www.thedailybell.com/news-analysis/why-is-citi-gobbling-derivatives/embed/?wmode=transparent#?secret=dqFKoYrimY

Now here’s the crux of the story:

The bank in talks to buy the Deutsche Bank derivatives is Citigroup Inc. according to this article. Well written and focused, it asks why Citi would buy more derivatives when last year Citi purchased $250 billion from Deutsche Bank.

The idea is that Wall Street is simply too greedy for its own good and that this greed can rob bankers of perspective.

Citi is making deals because it can make money and damn the consequences. We’re not quite sure this interpretation is the correct one, as we’ll show in a moment.

Certainly, Citi’s actions don’t make much sense from a longer-term perspective. Most banks are trying to downsize. For instance, Credit Suisse Group AG just sold $380 billion of derivatives to … Citigroup! And this does seem strange, as Citi “nearly destroyed itself” with derivatives in 2008.

So why is the Citibank group negotiating with Deutsche Bank to buy derivatives from it, the very derivatives threatening the German banking giant? The Daily Bell offers its own high octane speculation here:

And within a larger context these banks are in some sense an extension of the US government, and certainly of the Federal Reserve.

Is it possible the US government and the Fed are using Citi as a stalking horse to gather derivatives contracts?

If these derivative relationships are jeopardized by a market event, or even by a serious crash, could the Fed can step in and print the money necessary to stem the proverbial tide?  The dollar remains the world’s reserve currency, after all.

And isn’t this in a sense what Ben Bernanke did when he sent $16 trillion around the world in 2008-2009 to ensure there was no larger collapse of the entire financial system (here).

The more derivatives owned by US banks, the more control presumably that the Fed has over the market. Perhaps it can create solvency for some participants while leaving others out, as it did during the throes of the financial crisis when it salvaged Merrill Lynch but sank Lehman Brothers.

In other words, if there are all those derivatives out there – and let us remember it was largely reckless regulatory policy under the Clinton administration that made the mess possible – then it’s best to “bring them home” where at least they can be more carefully controlled. And perhaps, just perhaps, this might even be being done in advance of a “jubilee” of sorts, a write down of all that bad paper.

Well, perhaps.

But from my point of view, the other equally interesting part of this story isn’t the Citibank end of it, it’s the Deutsche Bank end of it, which brings us to our high octane speculation. For if the move does represent an attempt by the US government and the Federal reserve to use Citibank as a “stalking horse,” then it takes two to tango, and Deutsche Bank, as a large foreign bank with big exposure to derivatives, is apparently willing to dance.

The question is, why? And my high octane speculation of an answer says that…

Continue Reading At: GizaDeathStar.com
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Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

FINALLY! First Senior Bankers On The Planet Responsible For 2008 Collapse Jailed

Source:TheFreeThoughtProject.com
Matt Agorist
August 5, 2016

In April, Wells Fargo & Co admitted to defrauding the United States government for nearly an entire decade, which subsequently led to the housing market collapse — and the United States punished no one.

Bank of America Corp (BAC.N), Citigroup Inc (C.N), Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N), have all previously made the same admission and settled similar federal lawsuits — again, with no one being held criminally responsible.

While low-level bankers have been thrown in jail as apparent scapegoats in places like Iceland, not a single high-level CEO or officer has faced punitive criminal action — until now.

On Friday, three senior Irish bankers were jailed for up to three-and-a-half years for their conspiracy to defraud investors, subsequently causing the economic collapse of 2008.

According to a report in Reuters, the trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis.

Watching these criminal bankers use the governments of the world to fleece the taxpayers in a series of bailouts and scams to defraud the people has been infuriating.

As Reuters reports,

The lack of convictions until now has angered Irish taxpayers, who had to stump up 64 billion euros – almost 40 percent of annual economic output – after a property collapse forced the biggest state bank rescue in the euro zone.

The crash thrust Ireland into a three-year sovereign bailout in 2010 and the finance ministry said last month that it could take another 15 years to recover the funds pumped into the banks still operating.

Former Irish Life and Permanent Chief Executive Denis Casey was sentenced to two years and nine months following the 74-day criminal trial, Ireland’s longest ever.

Willie McAteer, former finance director at the failed Anglo Irish Bank, and John Bowe, its ex-head of capital markets, were given sentences of 42 months and 24 months respectively.

Unlike the bankers who remain protected in America’s legal system, the Irish have decided to lay down the law.

“By means that could be termed dishonest, deceitful and corrupt they manufactured 7.2 billion euros in deposits by obvious sham transactions,” Judge Martin Nolan told the court, describing the conspiracy as a “very serious crime”.

“The public is entitled to rely on the probity of blue chip firms. If we can’t rely on the probity of these banks we lose all hope or trust in institutions,” said Nolan.

In the United States, the people have been forced to file their own legal action against the criminal bankers as the government does absolutely nothing to stop their crimes.

Despite the bankers’ best attempts at foiling the private actions against them, the people have pushed through.

A newly revived antitrust lawsuit, according to the appeals court, could be devastating to these 16 banks, including Deutsche Bank AG, Royal Bank of Canada, Royal Bank of Scotland Group Plc, UBS AG, HSBC Holdings Plc, Barclays Plc, Credit Suisse Group AG, Bank of America Corp, Citigroup Inc., and JPMorgan Chase & Co.

“Requiring the banks to pay treble damages to every plaintiff who ended up on the wrong side of an independent Libor‐denominated derivative swap would, if appellants’ allegations were proved at trial, not only bankrupt 16 of the world’s most important financial institutions, but also vastly extend the potential scope of antitrust liability in myriad markets where derivative instruments have proliferated,” the U.S. Court of Appeals in New York said in the ruling.

Until the people wake up to the atrocities being carried out against them by criminal bankers who control the government, this fleecing of the citizenry will continue. To all those who bank with any of these huge banks — pull your money out today, move it to a local bank, or find another alternative.

Failing to do so only sustains their criminal behavior. Please share this story with your friends and family as it will most assuredly be a mere blip on their televisions and deliberately easy to miss.

Read More At TheFreeThoughtProject.com
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Matt Agorist is an honorably discharged veteran of the USMC and former intelligence operator directly tasked by the NSA. This prior experience gives him unique insight into the world of government corruption and the American police state. Agorist has been an independent journalist for over a decade and has been featured on mainstream networks around the world.