Bank CEOs are the New Drug Lords
Why I Would Work For Pablo Escobar Before I Would Work For Jamie Dimon, by JS Kim
Bank CEOs are the New Drug Lords. Here is a list of some of the banks managed by Bank CEOs, aka the new Drug Lords, that were fined billions of dollars for fixing LIBOR rates and stealing money from clients: Lloyds Bank, RP Martin, Barclays, Deutsche Bank, Royal Bank of Scotland, Société Générale, JP Morgan, Citigroup, Barclays, United Bank of Switzerland and Rabobank. Here is a list of some of the banks in which the Bank Lords fixed FX rates and are currently negotiating fine amounts with the UK Financial Conduct Authority (FCA): Citigroup, HSBC, Royal Bank of Scotland, Barclays, JP Morgan and United Bank of Switzerland. HSBC had to pay nearly $2B in fines after its Bank CEO was allegedly caught overseeing the laundering of $7B in drug money for the notoriously violent and ruthless Sinaloa drug cartel among other Mexican drug cartels and committing a wide array of other crimes like laundering $290MM from Russian mobsters that told HSBC bankers that their vast profits came from a “used car business”. I say “allegedly caught”, because every time this happens, the bank CEO, in this case, HSBC CEO Stuart Gulliver, inevitably denies ever knowing that the cartel he was overseeing was laundering dirty blood money. The Bank Lords issue these ridiculous denials despite the fact that every independent investigator not on a Bank’s payroll that investigates banks’ money laundering schemes arrive at the same conclusion as Jose Luis Marmolejo, the former head of the Mexican attorney general’s financial crimes unit: “[The money laundering] went on too long and [the bank CEOS] made too much money not to have known.” And what about HSBC’s $2B assessed fine for laundering this blood money? In response to meaningless fines like this that never change banker behavior, Martin Woods, former senior anti-money laundering officer at Wachovia bank, implored, “What does the settlement do to fight the cartels? Nothing – it doesn’t make the job of law enforcement easier and it encourages the cartels and anyone who wants to make money by laundering their blood dollars. Where’s the risk? There is none.“ That is why HSBC is not the only cartel that houses bankers who have been caught laundering blood money in recent years. Wachovia Bank, Citigroup, Banco Santander, and Bank of America bankers have all been caught leading their banks in participation of this dirty deed as well. According to Paul Campo, head of the U.S. Drug Enforcement Administration’s financial crimes unit, drug traffickers used Bank of America to finance their drug smuggling operations for 10 tons of cocaine and laundered drug money through Bank of America accounts in Atlanta, GA, Chicago, IL, and Brownsville, TX from 2002 to 2009.
So how do Bank Lords get away with their dirty deeds scot-free? This month, explosive evidence contained in 47.5 hours of secret recordings from Goldman Sachs whistleblower and former New York Federal Reserve employee Carmen Segarra provides the answers we already knew. Bank Lords have been buying off judges and regulators after already buying off cops (JP Morgan CEO Jamie Dimon “Gifts” Largest Donation Ever to NYPD of $4.6MM). When Fed regulators asked Segarra to alter minutes of meetings in which Goldman Sachs bankers’ immoral behavior was discussed in order to cover up the truth and to lie about the content of these meetings, Segarra decided to secretly record her meetings with her bosses. Below are some of the revelations contained in the transcripts of those secret recordings:
In one meeting Segarra attended, a Goldman employee expressed the view that “once clients are wealthy enough, certain consumer laws don’t apply to them.”
After that meeting, Segarra turned to a fellow Fed regulator and expressed how surprised she was by that statement — to which the regulator replied, “You didn’t hear that.”
When Segarra discovered multiple conflicts of interest in Goldman Sachs deals between Goldman Sachs bankers and their clients that led to deals being struck that would be the equivalent of insider trading in the stock market and consequently discovered Goldman Sachs had no “conflict of interest” policy, her boss harassed her and demanded of Segarra, “Why do you have to say there’s no policy?”
When Segarra complained to her legal and compliance manager, Jonathon Kim, of how her discoveries were being handled and told Kim that “even when I explain to [my superiors at the New York Federal Reserve] what my evidence is, they won’t even listen”, Kim reacted in an equally morally bankrupt manner as Segarra’s superiors, advising Segarra “to be patient” and to “bite her tongue.”
So now that we know that Bank Lords buy out morally-challenged regulators, cops and judges in return for carte-blanche to continue committing crimes, rig markets to collect undeserved and unearned kickbacks, and launder drug cartel money from violent cartels that murder 10,000 people a year (the Sinaloa drug cartel), is there really even a line in the sand that separates Bank Lords and Drug Lords, or have Bank Lords become the new Drug Lords?
Let’s take a closer look into the increasingly similar worlds of drug cartel and bank cartels. The last market bubble will not be the Chinese or Thai real estate bubble, the US stock market, the US student loan bubble or the Social Media bubble. If we take a look at the political cartoon to the left, drawn more than a century ago in 1907, we find that Bank CEOs have been engaging in the same nefarious deeds ever since they were able to put the global banking system on the fractional reserve banking platform. Banker immorality, having multiplied and grown for over a century, will be the last bubble to pop. To illustrate what I am talking about, let me pose this singular question: “Is it possible to prove that a notoriously violent Drug Lord provided more positive value to society during his reign of terror than criminal Bank Lords like Jamie Dimon, Lloyd Blankfein & Stuart Gulliver are providing during theirs?” If we can make a strong case for a Drug Lord providing more social value and benefits than the largest Bank CEOs in the world, all else being equal, then this is the point when we know our future is dire, especially if we refuse to collectively revolt right now against the very banking system that enslaves us.
At first you may think that my aforementioned question is a ludicrous question. After all, how can the positive social benefits provided by a violent, murderous Drug Lord possibly exceed the social benefits, as non-existent as they may be, provided by the heads of the largest bank crime syndicates? Before we dismiss this question, let’s seriously explore it and see what conclusions we may draw from this exercise.
Every large drug cartel in the world, whether it was Pablo Escobar’s infamous Colombian Medellín cartel in the 1980s or El Chapo Guzman’s notorious Mexican Sinaloa cartel of today, has required the logistical support of a sophisticated banking division not just to survive, but to truly thrive. In fact, without the support of a large global Bank CEO, the largest drug cartels in the world would quickly crash and burn and the Drug Lords would disappear. As we explain in the next section, it is simple to conclude that without the consent and help of global Bank CEOs, the world’s largest drug cartels would not be viable. In the 1980s through the early 1990s, Pablo Escobar chose the Italian Banco Ambrosiano and allegedly the Vatican Bank as well to launder billions of his dirty money, while in more contemporary times, El Chapo Guzman handpicked HSBC Bank USA as his preferred bank to launder his billions.
Murder and Crime: Drug Cartels v. Global Banks
During his reign of terror, Pablo Escobar ordered the murder of an estimated 4,000 people, including hundreds of police officers, judges, lawyers, journalists and anyone that dared to oppose his violent drug cartel. Escobar even allegedly tortured his own associates that proved to be disloyal to him. However, of the thousands of murders committed by Pablo’s cartel, it was likely that he did not commit the murders himself. Drug Lords are notoriously careful about committing homicidal acts that would provide the evidence prosecuting attorneys need to put them behind bars for a very long time. It is more than likely that a man like Pablo Escobar paid others to carry out his murders for him. However, Banco Ambrosiano and Vatican Bank executives, if they did indeed knowingly launder Pablo’s billions as has been alleged, share a significant measure of complicity in Pablo’s murders. Without having a bank to launder his money, there would have been no reason for Escobar to continue operating his cocaine cartel and murdering the people that opposed him. Likewise, one can successfully argue that HSBC CEO Stuart Gulliver and top HSBC bankers enabled many more murders than even Escobar. The Mexican drug cartels, whose money HSBC laundered, have murdered an estimated 80,000 people since 2006 (10,000 murders between 2008 and 2012 by the Sinaloa drug cartel alone), far more murders than Escobar’s empire ever carried out. Even though Banco Ambrosiano and HSBC Bank CEOs were not directly giving the orders to murder people, you must connect the dots between the Bank CEOs that launder drug cartel money and the crimes committed by these drug cartels because the dots can NOT be separated. Both actions are inextricably linked to one another, and without the services of money laundering willingly provided by the bank CEOs, the 80,000 murders committed by the Mexican drug cartel criminals would not occur.
Former anti-money laundering officer Martin Woods wholly supports the above argument: “Is it in the interest of the American people to encourage both the drug cartels and the banks in this way? Is it in the interest of the Mexican people? It’s simple: if you don’t see the correlation between the money laundering by banks and the 30,000 people killed in Mexico (actually, 80,000 people have been killed in the Mexican drug wars since 2006), you’re missing the point.” After presenting evidence to Wachovia bank executives of their employees willingly laundering drug traffickers’ blood money, to which Wachovia bank executives responded by telling him to shut up and by trying to get him fired, Woods understandably quit his position with Wachovia in disgust, stating, “It’s the banks laundering money for the cartels that finances the tragedy.”
Here is a list of complaints Woods filed with the UK House of Commons, including accusations that the very regulatory agency that was supposed to aid his investigations to uncover truth, the UK Financial Services Authority (FSA), worked more against him than with him to clean up the crimes of the banking industry.
The only redeeming excuse that HSBC, Citigroup, Wachovia, and other Bank CEOs may have (that have collectively laundered billions upon billions of drug cartel blood money) is a proven ignorance of these activities occurring within their banking operations. However, as I previously stated, this excuse as a legitimate one is extremely unlikely. An abundance of journalists and law enforcement agencies that have studied internal bank documents to understand the complexity of drug laundering operations of big global banks always reach the same conclusion. US Customs Agent Robert Mazur and Mexican journalist Anabel Hernández, after years of meticulous research, both concluded that bankers at the highest levels of the drug-laundering bank – the CEOs, COOs, and CFOs – all know about these operations beyond any reasonable doubt and that ignorance of these immoral and illegal activities is nearly impossible. When I worked as a Private Banker for a large global banking firm many years ago, the top policy that was always stressed for all accounts, but in particular, any account that involved a steady stream of large and frequent cash deposits, was KYC, or Know Your Client. It was absolutely incumbent upon the banker to visit the operations, and “kick the tires” per se, of any account that generated large cash deposits to confirm the legitimacy of the cash flow. If the source of these large cash deposits could not be determined, then all such accounts were to be immediately terminated. Thus when men like HSBC CEO Stuart Gulliver profess complete ignorance of laundering billions of cash for drug cartels, I have to concur with Mazur and Hernández’s assessment, as the top experts in money laundering schemes, that it would have been nearly impossible for Gulliver not to know.
In conclusion, I would place Escobar in the category of “violence inflicted upon society”, just slightly above global Bank CEOs because the drug lords are the ones giving the direct orders to murder tens of thousands while Bank CEOs are only enabling these murders through their drug laundering operations. However, banks must receive a black mark for willingly participating in extremely profitable, criminal drug laundering operations that leave a trail of tears and misery, as people like Martin Woods, Robert Mazur and Anabel Hernánde have all made it crystal clear through their work that it is near impossible for a Bank CEO not to willingly approve these types of extremely profitable operations that create tens of thousands of homicides. Furthermore, the comparison between Bank Lords and Drug Lords is made even more apropos when we examine some of the “turf wars” Bank Lords engage in when committing their crimes. Drugs never leave a drug-infested neighborhood when a corner dealer or even a regional distributor is murdered. Rather, a competing Drug Lord will fill the void left by a competitor’s demise and opportunistically expand his criminal empire by providing product distribution in regions where a void may develop. Likewise, when Deutsche Bank was recently forced to vacate one of the 12 seats in the gold & silver rigging game in London, Citigroup swooped in and took control over Deutsche Bank’s vacated turf.
Quality of Life/Social Contributions: Drug Cartels v. Global Banks
Cocaine cartel Drug Lord Pablo Escobar, at the height of his cartel, was believed to have supplied an astounding 75% of the entire world’s cocaine, as strong a monopoly on cocaine as is the US military-protected Afghan poppy fields that recently supplied between 95% to 98% of all heroin distribution today. Pablo’s cocaine empire was so far reaching that Roberto Escobar, one of Pablo’s closest brothers, estimated Pablo’s annual profits to be in the range of $20 billion a year. According to the United Nations Commission on Narcotic Drugs, in 1982, cocaine usage peaked in the United States at about 10.5 million users. Historically, the US has accounted for roughly 40% of all global cocaine users. Using these figures, we can roughly estimate total global recreational cocaine use at 26.25 million users at the height of cocaine’s popularity in the early 1980s. Now let’s factor in the worst possible case scenario for every single one of these 26.25 million cocaine users. Let’s assume, in the worst possible case scenario, that not a single one of them was a functional recreational cocaine user and that every single one of these global cocaine users caused stress and trouble for at least 10 other family members and friends, so that 26.25 million X 10, or 262 million people were adversely affected in some social manner by cocaine users. Since Escobar supplied 75% of all cocaine users at the peak of his operations, in a worst possible case scenario with ludicrous worst possible case assumptions, one would conclude that Escobar had a negative social impact on 75% of 262 million, or 196 million people, in this world. Now you may think to yourself, “Wow, that is a lot of people for one cartel to negatively affect” and you would be correct.
But yet, if we compare the negative social value of Pablo Escobar’s drug cartel versus that of the criminal Central Bank cartel, it simply pales in both magnitude and lasting effect. In 1982, during the peak years of Escobar’s operations, the global population was about 4.6 billion people. The decisions that the Central Banking cartel made back then negatively affected not 196 million people as did Pablo’s empire under a worst-case scenario, but exceeded this worst-case scenario by 4,404,000,000 people. Why does the negative reach of the Central Banking cartel extend so much further than that of a drug cartel? To begin, the Central Banking cartel’s fractional reserve banking policies drain the purchasing power from the savings of every single person on on the planet – fathers, mothers, sons, and daughters, aunts, uncles, grandmothers, and grandfathers. Ever since their existence, Central Bankers have created massive amounts of new money through a process called fractional reserve banking that has created annual inflation rates that far exceed any annual cost of living adjustments (COLA) that any nation’s citizens receive from their employers. Thus every year, the Central Banking cartel robs the wealth of every single man, woman and child on earth and deliberately makes every single human being’s life on this planet less enjoyable and more difficult. To compare apples to apples, we simply use the 4.6 billion global population figure that existed at the height of Escobar’s drug empire to estimate the negative-reach of the Central Banking cartel. Fractional reserve banking policies employed by every global commercial banker on earth makes it impossible for large percentages of people that dwell in poverty to ever move out of poverty, and these policies adopted systemically by Bank CEOs in the global banking system cause millions of people worldwide to lose homes, jobs, and emotional stability.
Most people don’t understand the above facts about fractional reserve banking policies because governments release bogus “official” inflation statistics through the banker-owned press and media. For example, in the US, the official government rate of inflation in September 2013 was 1.5% and was reported by the US government to be 1.6% for the entire 2013 fiscal year. However, the inflation rate in the US is only so low because, as ludicrous as this sounds, bankers literally have stripped out the largest components of inflation from the equation they use to calculate inflation. A comparable lie would be if you stripped out all components of heat from a heat index and reported that it was -30 Celsius at noon in the Saharan dessert during the hottest month of the year. If you take an honest equation for inflation, as others like John Williams of shadowstats.com have done, then we know inflation rates were more than 9%, or more than 6 times higher than the “official” US government inflation rate of 1.5%. In 2002, none other than the Chairman of the US Central Bank, Alan Greenspan, stated, “The price level in 1929 was not much different, on net, from what it had been in 1800. But in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And in the four decades after that, prices quintupled. Monetary policy, unleashed from the constraint of domestic gold convertibility, had allowed a persistent over issuance of money.” In essence, Greenspan stated that in just 60 years, prices had increased by 10 times due to fraud committed by Central Bankers and their deliberate “persistent over issuance of money” – fraud that negatively affected every human being on Planet Earth.
If you were a 20-year-old young adult that had just graduated college with a starting $30,000 a year salary in 1933, by 1993, just 60 years later, you would have to be earning an annual salary of $300,000 just for your salary to have the SAME purchasing power as your 1933 salary. In other words, you would have had no better a quality of life in terms of purchasing power, earning $300,000 a year in 1993 than you would have had earning just $30,000 a year in 1933 due to the Central Bank cartel’s destruction of currencies. Furthermore, since Alan Greenspan was using the bogus US government “official” rates of inflation to make his calculations, the above example I’ve provided actually UNDER-ESTIMATES the reality of the negative social impact of the Central Banking cartel as $300,000 1993 dollars would actually have LESS purchasing power than $30,000 1933 dollars. Of course, other tangibles such as better technology in 1993 versus 1933 would grant one a better overall quality of life, but technological advances that create improvements in quality of life are certainly not attributable to bankers.
If you’re old enough to remember growing up in a time where your father was the sole breadwinner of your household, your mother stayed at home and raised you, you had 2, 3, or even 4 other siblings, and no one was ever without food or clothes and you were considered middle class, that “middle class” life today has all but vanished and has become extinct thanks to the global scam of fractional reserve banking. And we can all thank the criminal Central Bank cartel, as well as their shills and misinformation agents such as Warren Buffet, Charlie Munger, Bill Gates, Jamie Dimon, etc. for this new, much more miserable reality. It amazes me that even when ex-bankers like Greenspan make admissions of their criminal negative impact upon society, that those working within the banking industry still refuse to process the inherently immoral nature of the crime syndicate for whom they work, such is the utter success of bankers’ centuries-old propaganda campaigns.
Economic/GDP Contributions, Drug Cartels v. Global Banks
Let’s assume that the creation of debt has a net negative overall affect on society (as debt creation drains the wealth of individuals) while the creation of GDP has a net positive affect on society. In the past 15 years, G7 Central Bankers created $7 of debt for every $1 of GDP that they contributed to society, resulting in a net negative [-$6] contribution. In the late 1980s through the early 1990s, drug lord Pablo Escobar “came to control 75 percent of the global [cocaine] market, with [drug] revenues from trafficking equivalent to [a positive] +5 percent share of the country’s GDP.” (Source: Garcio -Bario, Constance. “U.S. War on Drugs in Colombia is Ravaging Farmers and Land”, 2 March 2004. Common Dreams Newscenter). In fact, Pablo Escobar always declared, at every opportunity afforded him, his belief that he was helping Colombia’s economy more than he was hurting it: “The entire economy benefits from drug money; those who traffic and those who do not. If a drug trafficker builds a house, the peasant who cuts the wood for it benefits from that.” Unfortunately, it is exactly this flawed belief of Escobar’s that valued money over all other factors, including morality, that the vast majority of today’s global Bank CEOs have embraced. Though there is no honor in the above statement, whether you agree with it or not, in regards to economic contributions to society, it is obvious that Escobar’s drug cartel produced far more value in terms of GDP for society than bank cartels.
Goodwill, Drug Cartels V. Global Banks
Pablo Escobar, during the height of his drug cartel’s success, was credited with being directly responsible for pulling thousands of his countrymen out of poverty and providing them with jobs. With his billions of drug cartel money, Escobar built schools, hospitals, fútbol fields, and churches and even sponsored many little-league community fútbol teams. Escobar even built housing developments with his blood money and gave thousands of units to poor people rent-free. Of course, these actions were not all altruistic by any means as Pablo’s dealers also were known for widely distributing cocaine in the same housing developments that Escobar built for the poor. Thus, by giving away these apartments, Escobar was ensuring himself of a steady supply of customers. Despite these obvious contradictions, for all the goodwill that Pablo generated in Colombia, he was revered by thousands in his country as a saint during the height of his empire and still is today. However, to many others, he was and still is a monster.
While I am sure that Jamie Dimon, Lloyd Blankfein, Brian Moynihan, Stuart Gulliver, Michael Corbat, Hank Paulson, Ben Bernanke, Peter Zöllner, Christine Lagarde, Mario Draghi, and Mark Carney have all made sizeable donations in their communities at some point and to civic-minded organizations like hospitals and schools and the arts, their more prominent donations seem to be to the police state that can ensure that their rule of corruption will continue. JP MorganChase CEO Jamie Dimon’s well–publicized 2011 $4.6 million payoff to the New York Police Department coincided with a violent police crackdown on Occupy Wall Street protests of Wall Street’s biggest and most corrupt banks, including JP Morgan. Never in a thousand years would hundreds of thousands of the poorest people in any community anywhere in the world call Bernanke, Saint Ben, Blankfein, Saint Lloyd, Moynihan ,Saint Brian, or Dimon, Saint Jamie. Exploring this topic exposes the ludicrous nature of the inseparable relationship between Drug Lords and Bank Lords. If Bank CEOs did not launder Pablo’s money, Pablo would not have been able to build his schools, churches, medical facilities, homes and community recreational centers. Thus, are Bank CEOs contributing to society because they enable Drug Lords to provide thousands of jobs in their communities?
Global Wars: Drug Cartels v. Global Banks
In the category of war and war crimes, who inflicts more harm upon humanity – Drug Lords or Bank CEOs? Though we know that Drug Cartels are drains on the financial resources and budgets of many governments worldwide due to the “War on Drugs” that governments wage upon them, these wars are limited in scope and finances, and are just a drop of water in the ocean when compared to the wars that are financed by Central Banks. Furthermore, the “War on Drugs” is a false war whose true purpose is not to eradicate drugs from neighborhoods but to enrich various parties involved in executing the War on Drugs, namely the military industrial complex, government officials and bankers. Criminal bank cartels are the first enablers of every major war in world history, and other than defense contractors, the largest war profiteers of any global industry. In some instances, the Central Bankers are even alleged to have instigated and encouraged wars to fulfill their own political agendas.
In Tragedy and Hope: A History of the World in Our Time (1966), Dr. Carroll Quigley, a Professor of History at Georgetown University, and US President Bill Clinton’s mentor, wrote:
“[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the Central Banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
Dr. Quigley stated that the key to the Banking Cartel’s success was to control and manipulate the currency supply of a nation while lying to and informing the public that their government was in control of the currency supply. Thus it is no coincidence that five countries the US has invaded in the last decade – Lebanon, Iraq, Libya, Somalia and Sudan – all are not member states of the Bank for International Settlements (BIS), the Central Bank of Central Banks – while a sixth the US attempted to invade before being rebuffed by Russia’s Putin, Syria, is also NOT a member state of the BIS.
Although many American children have falsely been taught in schools that the Revolutionary War started with a protest against prohibitive taxes on tea and stamps known as the Boston Tea Party, Benjamin Franklin correctly explained that it was the inability of the Colonists to get the power to issue their own money, permanently out of the hands of King George III and the international bankers, that was the prime reason for the Revolutionary War. However Ben Franklin was incorrect about his perceived success of the American Revolutionary War, because the Rothschild banking families still maintained control over America’s currency supply after the so-called “revolutionary” war ended.
French leader Napoleon Bonaparte stated: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” In response to Napoleon’s rich understanding of the nefarious objectives of powerful banking families, the Rothschild banking cartel funded the Franco-Prussian war to allegedly put an end to Napoleon’s rule of France.
During the Civil War, US President Abraham Lincoln stated: “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.” President Lincoln was murdered on April 14, 1865, less than two months before the Civil War ended.
35th US President John F. Kennedy was intent on shutting down the US Federal Reserve and the IRS due to the same realizations of his predecessors that the Central Banking cartel was nothing more than a crime syndicate posing as a legitimate entity and signed Executive Order 1110 on June 4, 1963 that stopped the creation of US Federal Reserve Notes, removed the power of the Rockefellers, JP Morgan, Rothschilds, Warburgs, et al from creating currency in the United States, and returned the power of coining currency to the US Treasury, with the intent of forever retiring criminal fractional reserve currency from use inside the United States. Just five months later, JFK was murdered and his successor, Lyndon B. Johnson, immediately cancelled Executive Order 1110 and reinstated criminal fractional reserve banking in the United States.
To this day, the private banking families that own the US Federal Reserve are the principal financiers of all modern wars, including wars in Libya, Somalia, Iraq, Afghanistan, etc. , providing the war appropriation funding to governments for which governments must pay these bankers interest. When estimates of the US-Iraq War alone have been in the $2 trillion range, it is self-evident that bankers are making out like bandits from funding such wars. Furthermore, as Central Bankers create massive amounts of money (debt) out of thin air to fund major wars, it is self-evident that the creation of 2 trillion new dollars just to fund the Iraqi War has a hugely negative impact upon world citizens as it destroys the purchasing power of all existing dollars in circulation. In other words, every major war leaves the citizens of the nations involved in that war, as well as all global holders of the two currencies used in the warring nations, poorer and in a worse economic state. Though it is beyond the scope of this article, if you research current global geopolitical tensions between Russia, China and the US by following the trail of money, you will discover that this too has originated from disputes over the desire of Federal Reserve bankers to maintain US dollar hegemony and to prevent the petro-Yuan from replacing the petro-dollar in international trade.
Furthermore though we have informed you earlier in this article that Pablo Escobar was believed to have been responsible for over 4,000 murders whereas El Chapo Guzman was believed to have been responsible for over 80,000 murders, these despicable inhumane statistics still pale in comparison to the more than 4,486 US soldiers killed, more than 1 million Iraqis killed, 3.5 to 5 million refugees, and 15 million Iraqis living in poverty, created from the singular US-Iraq War (Source: http://web.mit.edu/humancostiraq/). Since Drug Wars to bring down Pablo Escobar don’t come anywhere close to creating the massive level of debt from just one war that Central Banks fund, nor do they come close to the numbers of murders that intense political wars cause, it is apparent that not even Drug Lords can compete with Bank Lords when it comes to spreading misery through the vehicle of global war.
Just a hundred years ago, it was common knowledge among the people that any war in which their leaders entangled them was going to cheapen the currency held in their savings, and consequently, the majority of people always fiercely contested every war and insisted on diplomacy over war whenever possible. Today, it is a sad state of affairs when bankers, through the vehicle of nationalism, have been able to convince people to cheer for their own economic demise, as state announcements of war against other nations are often met with zombie-conditioned, nationalistic chants of “[insert country name here]” versus the thoughtful intelligent protests over currency devaluations that used to meet every single build-up to war just a couple of generations ago.
In conclusion, we have summed up the societal value of a drug cartel like Pablo Escobar’s cocaine empire versus the societal value of Global Banking/ Central Banking Crime Syndicates in the below chart.
In every category above, the Drug Lord causes less damage to humanity than Bank Lords. When the negative social value of a violent murderous Drug Lord can be successfully argued to be far less than the negative social value created by a sociopathic Bank Lord, we have truly reached the crossroads to determine our future. Either we all stand united and take action starting today to topple the current immoral and misanthropic global banking system, or we resign ourselves, our children and our grandchildren to another century of slavery and tyranny. The collective choice is ours to make.
If you really care about the future of this world and the future of your children and grandchildren, I implore you to please send this article to every single person you know that works for a large global bank to enlighten them about the atrocious, horrific crimes that are being committed by their leaders. Robert Mazur, an anti-money laundering expert that works closely with US law enforcement agencies is on record as stating that “the only thing that will make the [bank CEOs] properly vigilant to what is happening is when they hear the rattle of handcuffs in the boardroom.” As there could not have possibly been a stronger, air-tight case made in the favor of pre-meditation and prior knowledge of money laundering against HSBC CEO Stuart Gulliver and other top executive HSBC bankers, and even this “can’t fail” case failed to jail any HSBC banker, it is obvious that the only way to stop the crimes of the new Bank Lords is through grass-roots activism.
As I have repeatedly stated in this article, when the Bank CEOs know that there is zero risk of going to jail, even after they are caught, or of suffering any negative repercussions from continuing to bathe in blood money, they will never cease engaging in the types of crimes that drags the world further into darkness. And even if Nanex’s Eric Scott Hunsader did say tongue-in-cheek that he would “put everything he had in Goldman Sachs because these guys can do whatever they want” after listening to the secret tapes whistleblower Carmen Segarra made of her conversations with her bosses and between her colleagues and Goldman Sachs executives, there are surely a lot of people that will act on such knowledge to help these Bank CEOs become even more powerful and wealthy (i.e. buying their stock instead of divesting, closing deals with them, etc.). In fact, today’s Bank Lords enjoy a level of special immunity from prosecution against their crimes that no Drug Lord in history ever was able to secure, and this makes the Bank Lords even more powerful than the Drug Lords they are replacing in the global crime syndicate. And this is why only we can really force significant change and stop the transformation of the big bank CEOs into the next Pablo Escobars and El Chapo Guzmans. Please participate in raising awareness about this extremely important issue and help us to light up the darkness by sending this article to every friend or acquaintance you know that works for a large global bank and ask them to follow their consciousness and morality.
About the author: JS Kim is the Managing Director of maalamalama, a fiercely independent investment research, consulting and education firm. Learn how to combat banking corruption with targeted wealth preservation strategies and read our SmartWealth fact sheet to learn how you can win a free membership to our newest service, the maalamalama SmartWealth Progra (an alternative educational program that breaks down how global capital markets really operate), coming soon. Follow us on Twitter, subscribe to ourYouTube Channel and join our LinkedIn group.