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Post by Entendance on Jul 16, 2022 2:47:52 GMT -5
 Italia: the debt-to-GDP ratio is over 150%. Italia is home to almost a quarter of all Eurozone debt!
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible, to maintain their control over governments, by controlling money and its issuance. -James Madison
 The Weekend Videos: here
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Post by Entendance on Jul 19, 2022 1:59:39 GMT -5
Banksters Cartel International LIV
Global debt at $300T+, and combined U.S. corporate, household and public debt well past $90T...
 Powell’s Real Plan? Let Inflation Rip
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Post by Entendance on Jul 21, 2022 2:45:56 GMT -5
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Post by Entendance on Jul 23, 2022 0:19:28 GMT -5
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Post by Entendance on Jul 25, 2022 11:00:02 GMT -5
Our mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.
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Post by Entendance on Jul 27, 2022 0:24:16 GMT -5
 !The Whole Story Is Here
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Post by Entendance on Jul 28, 2022 1:55:50 GMT -5
New Normal Newspeak 5: “Recession”
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Post by Entendance on Jul 29, 2022 1:00:17 GMT -5
 What do you get when you mix federally-insured banks with Wall Street trading casinos? You get the potential for catastrophic risks for the U.S. taxpayer and astronomical riches for the CEOs of the banks and the hedge fund titans they serve. Why is this Faustian bargain tolerated by Washington lawmakers – especially after the greatest financial collapse since the Great Depression in 2008? Because the Wall Street fat cats throw a lot of money into the political campaigns of members of Congress, ensuring that no matter how many times these Frankenbanks make outrageous blunders involving billions of dollars, Congress will conduct a superficial investigation and move on.
Below we examine outrageous money blunders by Barclays, Citigroup, JPMorgan Chase and Morgan Stanley – all of which have the earmarks of the brand of money incompetence as George Bailey’s Uncle Billy in Frank Capra’s It’s a Wonderful Life. Absent-minded Uncle Billy is sent to make a large bank deposit for Bailey’s bank and mistakenly hands the deposit over in a newspaper to the villainous Mr. Potter, bringing the bank to the edge of collapse...
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Post by Entendance on Jul 30, 2022 3:36:09 GMT -5
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Post by Entendance on Aug 1, 2022 1:37:22 GMT -5
 The trial of JPMorgan Chase & Co.’s former head of precious metals has offered unprecedented insights into the trading desk that dominates the global gold market.
Michael Nowak, who ran precious metals trading at JPMorgan for over a decade, is being tried in Chicago along with colleagues Gregg Smith and Jeffrey Ruffo for conspiring to manipulate gold and silver markets. The focus now is on the jury, which began deliberations late Friday, but the proceedings have already shone a new light on the inner workings of the business, from its profitability and market share to its largest clients.The court was shown internal figures detailing the bank’s annual profits from precious metals, the first time such detailed information has ever been made public. JPMorgan’s earnings reports don’t break out the results from the precious metals desk, or even its broader commodities unit. A spokesperson declined to comment on the disclosures in the trial.In summary: the business is a consistent moneymaker for JPMorgan, notching up annual profits between $109 million and $234 million a year between 2008 and 2018. The lion’s share of that comes from trading in financial markets, but the bank does plenty of physical business as well. Trading and transporting physical precious metals makes the bank about $30 million a year on average.
Still, the profits disclosed in the trial have been overshadowed more recently: in 2020, JPMorgan made $1 billion in precious metals as the pandemic created unprecedented arbitrage opportunities, according to people familiar with the matter.
JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults -- including JPMorgan’s and the Bank of England’s.
JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets, and internal documents presented by prosecutors provided a glimpse of just how dominant a role the bank has played. In 2010, for example, 40% of all transactions in the gold market were cleared by JPMorgan.
JPMorgan’s top precious metals employees on the desk were remunerated handsomely, and some jurors audibly gasped when the court was told how much the defendants had earned.
Ruffo, the bank’s hedge fund salesman, was paid $10.5 million from 2008 to 2016. Smith, the top gold trader, got $9.9 million. Nowak, their boss, made the most of all: $23.7 million over the same period.
Their pay was linked to the profits they made for the bank. FBI agent Marc Troiano, citing internal JPMorgan data, told the court that the total profit allocated to Ruffo from 2008 to 2016 was $70.3 million. Smith generated about $117 million over the same period, while Nowak made the bank $186 million, including $44 million in 2016.
Hedge funds like Moore Capital, Tudor Investment Corp and George Soros’s eponymous firm were some of the desk’s most important clients. Getting access to those clients was the main reason for retaining Ruffo after the bank’s acquisition of Bear Stearns, according to ex-trader Christian Trunz, who testified against his former bosses and referred to Ruffo as the best salesman on Wall Street. Being a top client of JPMorgan came with perks: employees at the funds could be provided with free tickets to the US Open, according to messages involving Nowak shown during the trial.
Another set of important clients were central banks, which trade gold for their reserves and are among the biggest players in the bullion market. At least 10 central banks held their metal in vaults run by JPMorgan in 2010, according to documents disclosed in court.
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Post by Entendance on Aug 3, 2022 1:04:47 GMT -5
The financial behemoth privately fears that regular people have too much leverage.
 Bank of America Memo, Revealed: “We Hope” Conditions for American Workers Will Get Worse
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Post by Entendance on Aug 4, 2022 1:08:55 GMT -5
You might think that parking your money in a big bank like JP Morgan Chase would insulate you from fraud. It’s just the opposite. The big banks are the biggest perpetrators of financial fraud – fraud that affects millions of us, either directly or indirectly, on an ongoing basis. While they are wrist slaps when properly scaled, you can see the list of 'settlements' made between the government and the big banks here. These 'settlements,' the aftermath of Wall Street's near production of a second Great Depression, entailed not a single criminal indictment. The top two repositories of banksters, based on the number of settlements, are Bank of America and JP Morgan Chase.
The banks engage in fraud for two reasons.
First, they profit from swindling the public.
Banksters Cartel International LVI
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Post by Entendance on Aug 7, 2022 4:19:46 GMT -5
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Post by Entendance on Aug 8, 2022 1:09:10 GMT -5
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Post by Entendance on Aug 11, 2022 2:36:40 GMT -5
Former J.P. Morgan Traders Convicted of Fraud, Attempted Price Manipulation, and Spoofing in a Multi-Year Market Manipulation Scheme
A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.
According to court documents and evidence presented at trial, Gregg Smith, 57, of Scarsdale, New York, was an executive director and trader on JPMorgan’s precious metals desk in New York. Michael Nowak, 47, of Montclair, New Jersey, was a managing director and ran JPMorgan’s global precious metals desk.
The evidence at trial showed that between approximately May 2008 and August 2016, the defendants, along with other traders on the JPMorgan precious metals desk, engaged in a widespread spoofing, market manipulation, and fraud scheme. The defendants placed orders that they intended to cancel before execution in order to drive prices on orders they intended to execute on the opposite side of the market. The defendants engaged in thousands of deceptive trading sequences for gold, silver, platinum, and palladium futures contracts traded through the New York Mercantile Exchange Inc. (NYMEX) and Commodity Exchange Inc. (COMEX), which are commodities exchanges operated by CME Group Inc. These deceptive orders were intended to inject false and misleading information about the genuine supply and demand for precious metals futures contracts into the markets.
“Today’s jury verdict demonstrates that those who seek to manipulate our public financial markets will be held accountable and brought to justice,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. “With this verdict, the Department has secured convictions of ten former traders at Wall Street financial institutions, including JPMorgan, Bank of America/Merrill Lynch, Deutsche Bank, The Bank of Nova Scotia, and Morgan Stanley. These convictions underscore the Department’s commitment to prosecuting those who undermine the investing public’s trust in the integrity of our commodities markets.”
“For years the defendants allegedly placed thousands of false orders for precious metals, creating a ruse that lured others into making disadvantageous trades” said Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division. “Today’s conviction demonstrates that no matter how complex or long-running a scheme is, the FBI is committed to bringing those involved in crimes like this to justice.”
Following a three-week trial, Smith was convicted of one count of attempted price manipulation, one count of spoofing, one count of commodities fraud, and eight counts of wire fraud affecting a financial institution. Nowak was convicted of one count of attempted price manipulation, one count of spoofing, one count of commodities fraud, and 10 counts of wire fraud affecting a financial institution. Sentencing dates have not yet been set.
Two other former JPMorgan precious metals traders, John Edmonds and Christian Trunz, were previously convicted in related cases. In October 2018, Edmonds pleaded guilty in the District of Connecticut to one count of commodities fraud and one count of conspiracy to commit wire fraud, commodities fraud, price manipulation, and spoofing. In August 2019, Trunz pleaded guilty in the Eastern District of New York to one count of conspiracy to engage in spoofing and one count of spoofing. Edmonds and Trunz are awaiting sentencing.
In September 2020, JPMorgan admitted to committing wire fraud in connection with: (1) unlawful trading in the markets for precious metals futures contracts; and (2) unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds. JPMorgan entered into a three-year deferred prosecution agreement through which it paid more than $920 million in a criminal monetary penalty, criminal disgorgement, and victim compensation, with parallel resolutions by the Commodity Futures Trading Commission and the Securities Exchange Commission announced on the same day.
The FBI’s New York Field Office investigated the case. The Commodity Futures Trading Commission’s Division of Enforcement provided assistance in this matter.
Market Integrity & Major Frauds Unit Chief Avi Perry and Trial Attorneys Matthew Sullivan, Lucy Jennings, and Christopher Fenton of the Criminal Division’s Fraud Section are prosecuting the case.
Individuals who believe that they may be a victim in this case should visit the Fraud Section’s Victim Witness website at www.justice.gov/criminal-fraud/victim-witness-program for more information.
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Post by Entendance on Aug 13, 2022 6:03:27 GMT -5
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Post by Entendance on Aug 15, 2022 2:12:53 GMT -5
Banksters Cartel International LVI
Yet Another Way the Government & Media Manipulate the Truth
I’ve talked in the past how inflation talking points can be manipulated by simply referring to percentages with new base numbers. The following example may clarify how price changes can be spun to show inflation “improvement”: As you can see, even when prices are increasing by the same amount or more, the percent change may actually decrease due to the higher starting point. Even if the inflation rate falls to 0 percent, are we really better off when total price increase has more than doubled? As midterm elections approach, watch for Democrats & the media to use this tactic to credit Biden & the “Inflation Reduction Act” that hasn’t even been implemented. Also watch for goods with extra high price increases to be removed from the Consumer Price Index. As we’ve seen with the CDC, if the results don’t show what you want, change how they’re measured. -Joe Messerli
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Post by Entendance on Aug 17, 2022 3:59:08 GMT -5
 Much has already been written and said of the convictions last week of former JP Morgan head precious metals trader Michael Nowak and his associate Gregg Smith. However, before we move on from this story, there are a few things you need to consider...
The Entendance Beach & Putin The Entendance Beach & Nato |
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Post by Entendance on Aug 19, 2022 2:07:59 GMT -5
 Dear Friend of GATA and Gold:
Despite the market-rigging conviction of the chief of its monetary metals trading desk, Michael Nowak, JPMorganChase is still at the center of the world gold business generally and the London Bullion Market Association particularly, Bullion Star's gold researcher, Ronan Manly, writes.
Nowak was on the LBMA Board of Directors when he was indicted, Manly notes, and he wonders -- or at least pretends to wonder -- if the association now will expel JPMorganChase from membership.
Manly's analysis is headlined "JP Morgan Gold Trading Boss and Former LBMA Board Member Found Guilty by U.S. Jury" and it's posted at Bullion Star: JP Morgan gold trading boss & former LBMA Board member found guilty by US jury
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Post by Entendance on Aug 25, 2022 11:31:21 GMT -5
'... we find that the Eurozone’s global systemically important banks’ capitalisations stand at an average discount to book value of nearly 60%. Not only are markets indicating that these banks are on course to fail, but that the executives of these banks are beholden to their respective regulators instead of their shareholders... The euro system is riddled with bad debts
...On deeper analysis, we find that the entire euro system is rotten. For example, in 2016 Italian non-performing loans were 17% of total bank assets. By March, these had magically fallen to only 4% — a record low. But this is not due to some economic miracle; rather, it is due to the local banking regulator signing many loans off as performing, so that they were accepted as collateral for repos with the Italian central bank and then lost within the TARGET2 settlement system. An unquantifiable amount of the imbalances in the euro system of the ECB and the national central banks are due to this factor, being replicated in other Eurozone jurisdictions.
Most of these bad and doubtful debts probably still exist, supporting zombie corporations unable to weather higher interest rates. And now that the Eurozone is entering a recession which combines with soaring producer prices and globally higher interest rates, the situation can only deteriorate.
Outstanding Eurozone repos are estimated to have been €9,198bn in December 2021. Demand for high quality collateral to back repos has been the principal driver of demand for government debt, allowing banks to be paid to create liquidity, which in turn is invested in government bills and bonds for a small interest rate turn. The prevailing repo rates are still all negative...
...according to the BIS database for December 2021, the notional amounts of gold forwards and swaps stood at $686bn, the equivalent of 11,762 tonnes. These positions are almost exclusively those of LBMA members. We know that the vast majority of these forwards and swaps are extinguished by the AURUM settlement machine matching buyers and sellers, with only a small portion being settled by transfers between sellers and buyers within the London vaults. Given that the LBMA vaults contain bullion stored mostly for non-banks, the actual liquidity for AURUM imbalances is likely to be less than 500 tonnes. Indeed, AURUM is a highly efficient settlement machine, allowing the member banks of London Precious Metals Clearing Limited to carry as little physical inventory as possible.
Bear in mind, that for a bank to sit on non-yielding physical is always deemed an undesirable use of credit resources, and furthermore the Required Stable Funding factor for holding physical gold is a punitive 85%.
Essentially, demand for over 11,000 tonnes of gold is diverted into paper derivatives.
Much of this will be reflected in unallocated bullion accounts offered by LBMA member banks to their customers. The extent to which contracting bank credit reduces the size of OTC derivatives will be reflected in their withdrawal of unallocated gold deposit account facilities. If they didn’t realise it before, these depositors will find that they have no rights to any physical gold.
The conditions that apply to gold also apply to all commodity dealing in derivatives and the physical. Therefore, the reduction of both OTC and regulated derivative markets in a general contraction of bank credit is set to lead to greater demand for physical replacements...
...There’s no doubt that the global economy is entering a recession...
...there will also be fundamental changes for financial markets. Driven by rising interest rates and bond yields, the bear market is likely to be significant. And a severe contraction of credit following a prolonged expansion is bound to lead to bank failures — the empirical evidence is that it is inevitable...
...The global weak points appear to be the Eurozone and Japan, where banks are most highly leveraged... ...a crisis in the Eurozone encompasses the euro system of the ECB and the national central banks, threatening the survival of the euro itself...'
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Post by Entendance on Aug 27, 2022 5:14:36 GMT -5
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Post by Entendance on Sept 5, 2022 3:30:55 GMT -5
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Post by Entendance on Sept 7, 2022 2:13:37 GMT -5
Wealth confiscation is happening right now through inflation. Countries around the world are moving away from the U.S. dollar at an accelerating pace. People are increasingly concerned also about the safety of their money in the bank. "The banks are undercapitalized, and they're over leveraged," says Andy Schectman, CEO & president of Miles Franklin Precious Metal Investments. It wouldn't take too many people pulling their currency out to cause serious problems to the banking industry, he says...
 The failure of the central bankers and economists to 'manage the economy' is nothing new. One only has to look at the mainstream economic 'forecasts' in 1929 and 1930 to realize that not only is economics not a precise science, but too often economists are nothing more than mouthpieces for vested interests, and dabbling in politics and public policy in the guise of science.
A new school of economics will likely rise out of the coming financial collapse of the US, as it did in the 1930s. Perhaps this one will be more scientific, less subservient to private business interests and political objectives.
But until that time it is good to realize that much of the discussion of macro-economics is nothing more than public policy and personal philosophy, with a strong dose of financial bias.
For the sake of our country, we need to stop the Fed from increasing its opaque power to regulate and control our economy. They have made a botched job of it, and show no signs of improvement beyond serving the needs of their special interests and the wealthy elite.
Economics in Disrepute as the Economy Tumbles, 9 July 2008 -Jesse
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Post by Entendance on Sept 11, 2022 1:45:01 GMT -5
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
Whenever a person, anywhere in the world, exchanges their fiat currency for gold or silver coins or bars, they are “firing a shot” at that currency.
Gold is “the money of Kings” and silver is “the money of Gentlemen”. Gold and silver have been money for thousands of years and no amount of market rigging, made up rules or government intervention will change this law of man. People around the world still conduct business using gold and silver as a medium of exchange. Simply because gold, in particular, is not used on a large scale and we are continually told that gold is a “ pet rock” or held by Central Banks as a “tradition” this is not the case. Gold and silver have value and worth. To acquire them from the source builds into them a certain amount of value. The labor, the time and various resources used to acquire these precious metals goes into every ounce pulled out of the ground. If gold is a “pet rock” or a “tradition” then why is there so much secrecy surrounding gold held at Central Banks? Why does the Federal Reserve, in conjunction with the U.S. Treasury, refuse to conduct an audit of OUR gold? The gold held at Fort Knox and the New York Federal Reserve, that is assigned to the Federal Reserve System, belongs to the people of the United States. If gold is nothing more than a tradition, audits are also a tradition that every responsible person does on a regular basis. Who among us doesn’t audit (balance) their checking account regularly? Who among us doesn’t audit their personal belongs of every type? Ever go through your closet, clean it out and donate the clothes, shoes, whatever to charity? It’s that an audit?
Every gram of gold or silver you acquire using fiat currency effectively removes that many “dollars” from the current financial and economic system. What you have done is removed those “dollars” from the hands of government. They now have fewer “dollars” to use to purchase weapons of war, surveillance technology and the other weapons they use against us. Today would be a good day to remove a few “dollars” from their hands and place another weapon in your back pocket. Gold and silver are free from tyranny, accepted around the world in good faith and provides a piece of insurance from, what appears to be, a system in change.
You are holding the wonder-weapon of change. March 28, 2016 |
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Post by Entendance on Sept 14, 2022 4:17:21 GMT -5
Not since Robert Strange McNamara used the World Bank to steer funds backed by American taxpayers to the North Vietnamese has there been as outrageous a move as President Biden's decision to set aside billions of dollars to fund Afghanistan in the Taliban era.
Mr. Biden's démarche, which involves a new Swiss-based entity called "The Afghan Fund," defies credulity by vowing to aid the Afghan people without propping up the Taliban regime. Mr. Biden insists that the money, some $3.5 billion, will not go to the Taliban. He claims that the funds will "be used for the benefit of the people of Afghanistan while keeping them out of the hands of the Taliban," a Treasury statement today notes.
This runs contrary to a basic rule of economics, the fungibility of money. Aid sent to the Afghan people relieves pressure on the Taliban, enabling them to prioritize their murderous intentions.
Yet the "Taliban are not a part of the Afghan Fund," Mr. Biden blithely contends, "and robust safeguards have been put in place to prevent the funds from being used for illicit activity." Such assurances are the rationalizations of the appeasement-minded, among them the deputy State secretary, Wendy Sherman, who vows that the billions will "improve economic stability for the people of Afghanistan while continuing to hold the Taliban accountable."
It should reassure no one concerned about the ethics of this plan that the new "Afghan Fund" will operate out of that haven for transparency in financial transactions, Switzerland. The money in question, currently on deposit at the New York Fed, will now migrate into an account with the Bank for International Settlements, and the White House promises "an external auditor will monitor and audit the Afghan Fund as required by Swiss law." ...
Russia's war on Ukraine has wreaked havoc on global commodity markets, driving up energy and food prices and exacerbating the global hunger crisis, but the chaos has been a major boon for Wall Street commodity traders, new data show...
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Post by Entendance on Sept 16, 2022 10:08:32 GMT -5
People ask me all the time how much money should I put into gold, how much should I put into silver or gold and silver collectively and my standar answer now is whatever you don’t want to lose – Bill Holter
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Post by Entendance on Sept 19, 2022 5:10:57 GMT -5
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Post by Entendance on Sept 24, 2022 5:08:04 GMT -5
'...They engineered the 2014 coup in Kiev that ousted the elected president, Mr. Yanyukovich, to set up a giant grifting parlor and international money-laundromat...'
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Post by Entendance on Sept 25, 2022 1:53:50 GMT -5
The Video : Banking Crisis will Start in Europe – Martin Armstrong
Legendary financial and geopolitical cycle analyst Martin Armstrong says nothing is going to get better by the end of 2022, and he is still forecasting “chaos” coming in 2023. Armstrong says the plunge in the stock market last week is all because of “extreme uncertainty.” Armstrong predicted a stock market crash two months ago and contends, “It’s not over.”
Europe is in big financial trouble with Russian natural gas turned off as a retaliation from the sanctions. Armstrong explains, “In Europe, I believe they are actually deliberately doing this, and this is Klaus Schwab’s ‘Great Reset.’ They know they have a serious problem. They lowered rates to below 0% in 2014. They just started raising interest rates. Meanwhile, you ordered all the pension funds throughout Europe to have more than 70% in government bonds. Then they took it negative. All the pension funds are insolvent. Europe is fiscal mismanagement on a grand scale. There is no way it can sustain itself, and we are looking at Europe breaking apart.”
So, could Europe suck the rest of the world down the tubes? Armstrong says, “Oh, absolutely. Europe is the problem...The crisis in banking will start in Europe...The debt is collapsing. They have no way to sustain themselves. The debt market over there is undermining the stability of all the banks. You have to understand that reserves are tied to government debt, and this is the perfect storm. Yes, the (U.S.) stock market will go down short term. We are not facing a 1929 event or a 90% fall here...Europeans, probably by January of 2023, as this crisis in Ukraine escalates, anybody with half a brain is going to take whatever money they have and get it over here.”
So, where is smart money going to go? Armstrong says, “Stocks are like gold, it is on the same side of the table and is opposite government debt. People are not going to be buying government debt. They are going to be looking at anything in the private sector...People are buying whatever they can to get off the grid.”
Armstrong says governments are borrowing and spend huge amounts of money. The Fed will keep raising interest rates to fight inflation, but Armstrong says, “Raising interest rates will only make things worse. We have supply shortages, and raising rates will not fill the gaps.”
Armstrong has never been more positive on buying gold  Why? Armstrong explains, “We are looking at a sovereign debt default. This is what’s going on. This is why Biden will spend whatever he wants because he knows he doesn’t have to pay it back. Eventually, this is what’s going to happen. This is Schwab’s agenda.”
Armstrong has predicted “2023 will be the year from Hell.” Armstrong says, “Civil unrest will only get worse” this year, and he is predicting we will have full blown war next year. Armstrong contends Democrats are desperate and will do things like granting illegal aliens citizenship so they can vote in the mid-term elections.
In closing, Armstrong says, “Something is going to spark a collapse in government again.
It’s going to be something, I think, in Europe where they do something drastic because they have no other choice...They need war as the excuse for the defaults of all the government debt.”
There is much more in the nearly 59-minute interview... |
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Post by Entendance on Sept 29, 2022 7:23:34 GMT -5
Repetita Iuvant:asset values are theoretical while liabilities are very real.
Bank deposits = 'unsecured' loans to the banks.
Gold and Silver = real money. Everything else = credit.
It may sound like a bad joke, but several central banks actually claim this...
Raptores orbis, postquam cuncta vastantibus defuere terrae, mare scrutantur: si locuples hostis est, avari, si pauper, ambitiosi, quos non Oriens, non Occidens satiaverit: soli omnium opes atque inopiam pari adfectu concupiscunt. Auferre trucidare rapere falsis nominibus imperium, atque ubi solitudinem faciunt, pacem appellant.
 -AGRICOLA, Publius Cornelius Tacitus
Predoni del mondo intero, dacché tutte le terre sono venute a mancare a tali devastatori, essi frugano il mare: se il nemico è agiato avidi, se povero, lusingatori; non l’Oriente, non l’Occidente li sazierà: unici fra tutti con pari intensità essi desiderano le opere e la povertà (dei popoli sottomessi…). Con falsi nomi chiamano il proprio dominio, rapinare uccidere ed espropriare, e dove creano il deserto, lo chiamano pace.
Robbers of the world, having by their universal plunder exhausted the land, they rifle the deep. If the enemy be rich, they are rapacious; if he be poor, they lust for dominion; neither the east nor the west has been able to satisfy them. Alone among men they covet with equal eagerness poverty and riches. To robbery, slaughter, plunder, they give the lying name of empire; they make a solitude and call it peace.
And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. THE ISSUE WHICH HAS SWEPT DOWN THE CENTURIES AND WHICH WILL HAVE TO BE FOUGHT SOONER OR LATER IS THE PEOPLE VERSUS THE BANKS.  -John Dalberg Lord Acton
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The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal,
One Day After Five Senators Accuse Him of Hampering the Investigation
The E. Beach & 
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Putin lashes out at West’s ‘vanishing’ hegemony, 
The Convicted Criminals of JP Morgan
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Who Controls Those who Control Us? Why a Lone man at the top is 
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