IMF.

Image courtesy of Medium.

          I have often spouted about the financial Mafia, whose members include, the IMF, (international Mankind Fuckers) World Bank, (Weasel Bastards) and ECB, (European Criminal Brigade), these corrupt, wealthy and powerful groups dictate to nation states how they should manage their financial affairs, and it is always in favour of the big corporate pillagers and plunderers of the world. We can parade and march, protest and shout at our national governments, but they are just the managers of the financial Mafia's plans. The real power lies not in your council or parliament, but behind closed doors in the marble halls of of the financial moguls, whose plans have brought countries to their knees and populations into a world of starvation and deprivation.

Image courtesy of BBC.

        Until we grasp this fact we will be chopping a few leaves of the poison tree, it is the root we have to attack. No easy matter, but it is the only answer to end this system of economic insanity that feeds and fattens the vultures while starving the children

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Laundry.

      Remember 2008, the "financial crash", when the financial Mafia, by duplicity and sleight of hand, had blown their big gambling balloon up so hard it burst, and their gambling loses had to be met by you and me pouring billions of taxpayers money into their coffers. This was then followed by us the ordinary people suffering years of "austerity" as we were told , "we need to get the national debt down". Of course of political ballerinas and their financial friends said that they had put in place new checks and balances so that such greed drive corrupt actions could not happen again. From now on, our noble bankers and financiers would be squeaky clean, what an illusion. 

      Here we are in 2020 and one of the biggest members of the financial mafia, JP Morgan Chase, biggest bank in America and 7th largest in the world, has been caught being naughty again. The company has been ordered to pay $920 million in connection with three federal agencies for its role in allegedly manipulating global markets for metals and Treasurys. It has also without too much of a fuss settled a long running lawsuit that accused them of fiddleing to manipulate precious metals market by means of "spoofing". It is alleged that for eight years traders at JP Morgan systematically and deliberately "spoofed" precious metals and treasury futures by placing hundreds of thousands of orders with no intention of fulling them, but simple cancelling before the date of the completion. The claim was made that JP Morgan manipulated these markets and failed in its duty to diligently supervise all its traders. How many billions of dollars did they make in those eight years?

       Of course they are not alone in this cesspool of  greed and corruption, it is as always, endemic in the whole rotten financial system.

This extract from a report by Buzzfeed:

      The problems with money laundering aren’t just confined to one bank or one country. The FinCEN Files investigation also documented that after they were singled out for misconduct, JPMorgan Chase, Bank of New York Mellon, HSBC, Standard Chartered, and Deutsche Bank continued to move money for suspected criminals.

      All this corruption is pouring billions into the coffers of shareholders and CEO, and of course as JP Morgan is a big boy in this greed game, you'll notice its greedy corrupt claws crops up in this list of big snouts in the financial mafia game of plunder and pillage. All this goes of course to show that the capitalist and financial Mafia beasts can't be tamed, they have to be put down.

 

 

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London, The Stinking World Capital Of Corruption.

          The establishment in the UK, backed up by that babbling brook of bullshit, the mainstream media, are always spouting how the UK is the champion of righteousness and the guardian of morality, we are that beacon of honesty, showing the rest of the world how it should live. Remember Cameron's remark about having got two of the world's most corrupt countries, Afghanistan and Nigeria to that comedy show, the anti-corruption summit? Of course you and I know that this is no more than a charade, a wonderful illusion of smoke and mirrors. The City of London is mired in stinking financial filth, it is the world’s biggest gambling casino for illicit loot. It is always heart warming to hear this sort of truth coming from somebody who knows a thing or two about corruption. Roberto Saviano, who has been under police protection ever since exposing the activities of the Naples syndicate, the Camorra, has publicly stated that London is the corruption capital of the world.

       In an attack on how London helps criminals launder their money, Roberto Saviano, who has been under police protection since exposing the activities of Naples crime syndicate the Camorra, told an audience at the Hay Festival: “If I asked you what is the most corrupt place on Earth you might tell me it’s Afghanistan, maybe Greece, Nigeria, the South of Italy, and I will tell you it’s the UK.
        He has now been backed by the campaign group Transparency International, whose head of UK advocacy and research Rachel Davies told The Independent: “It’s absolutely true that the UK is one of the leading financial centres for the laundering of corrupt money from overseas, whether through the property market, luxury goods or other sectors.
       “The UK has been a prime location for stashing away illicitly gained wealth, as anti-money laundering systems are weak and sectors such as UK property represent a safe investment, as well as a place to hide corrupt money.”

Read the full article HERE:
       It takes a lot of corrupt financial advisers to have guided London to that pinnacle of depravity, a lot of “city firms” eagerly shuffling the illicit loot, for a fee of course, and encouraging other dodgy millionaires/billionaires to bring their stash to London, with the guarantee that it will be safe from prying eyes. This of course is capitalism, exploited/corrupt wealth safely stuffed into shady deals to grow fatter and fatter. London may hold the world title, but the entire system stinks from the stench of greed and corruption.

Visit ann arky's home at www.radicalglasgow.me.uk

 

We Swim In The Vomit Of Corruption.

 

      We should all know by now that we live under the vomit of a stinking corrupt system controlled by the financial Mafia. Greece immediately comes to mind, a country where they brought to bear the full venom of their power, to overthrow the government and destroy the social fabric of the country. After five years of "austerity", which translates as poverty and deprivation for the people and the plundering of the country's assets, they have now being shackled to a perpetual regime of higher taxes, lower pensions, more unemployment, a worsening of working conditions and greater plundering of the country's assets. All this in an attempt to protect the financial Mafia's phoney house of cards balance sheets. 

The financial Mafia and national governments usually work hand in hand, to the benefit of the banksters, as they always hold the upper hand. When a government doesn't play to their rules, it, and its people are destroyed, Greece for example. 

      There is never a time, now or in the past, when these banksters, working for the financial Mafia, have got involved in a country to the benefit of the people. Everything they touch, create or modify, is to the detriment of the people and riddled with greed and corruption. From Africa, to South America, Europe to Asia, their poison has ravaged through the lives of the ordinary people, creating poverty, deprivation and wars. Just a thought, If the banks are too big to fail, they should be owned and organised as a public utility.

     The latest piece of corruption and greed to come out of this cesspool, is connected to UBS bank. This from Politics in the Zeros: 

$72 billion in now-toxic Puerto Rico bonds are stashed away in supposedly conservative bond funds and retirement accounts. Moody’s says the probability of default is now 100%. Some of the bonds have no legal protection and their recovery rate might be 33 cents on a dollar. Bonds with better protection will still get clobbered. Recovery on those will be 65-85%.
That’s not the worst of it. UBS (and probably lots of other banks too) underwrote some of the bonds and put them in their own closed-end funds. These funds are not traded. UBS sets the price. Some investors bought these bond funds with money borrowed from UBS and may have used them as collateral for more “investing.” However, UBS just decreed the collateral value on their very own Puerto Rico closed-end funds is now zero. That’s right zero. UBS is saying their own bonds are worthless. Expect a festive number of lawsuits.

Clients were warned that they can no longer use these funds as collateral for loans, even those loans they used to buy these funds with in the first place.

Thus, they will have to come up with new collateral very quickly or UBS may sell the bonds and come after them for the balance. Let’s be clear. Some of them are retirement accounts. All of them will take big hits.
Of course, banks made lots of money by underwriting slop everyone knew was risky then foisting it off on customers and clients. It’s all just terribly tragic. There will be investigations. UBS will promise to sin no more. The government will levy a stiff fine (or is this a protection racket.) No one will go to prison. Lots of people’s retirement accounts will drop in value. None of the banks care what happens to Puerto Rico.

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"We Have A Pope".

      "We have a Pope" and so the stench of the church continues, as one scandal ridden chief shuffles off another steps in to carry on the whole sorry mess of the corrupt Church PLC. Benedict with his shady Hitler Youth past, and the ever present flow of financial and sexual scandals, slips out of the limelight, and now Francis, friend of Argentina's 1976 brutal military junta takes the reigns.

     The church's history is a catalogue of brutality, sexual crimes, financial fiddlings and siding with all manner of brutal autocratic regimes in an attempt to further and protect its wealth and power, and its maniacal desire to control the minds and bodies of the people of world. Those who seek freedom and justice can have no truck with such a vile institution. As long as it exists, freedom is in chains.

An extract from a Guardian Article:

 What one did not hear from any senior member of the Argentinian hierarchy was any expression of regret for the church's collaboration and in these crimes. The extent of the church's complicity in the dark deeds was excellently set out by Horacio Verbitsky, one of Argentina's most notable journalists, in his book El Silencio (Silence). He recounts how the Argentinian navy with the connivance of Cardinal Jorge Bergoglio, now the Jesuit archbishop of Buenos Aires, hid from a visiting delegation of the Inter-American Human Rights Commission the dictatorship's political prisoners. Bergoglio was hiding them in nothing less than his holiday home in an island called El Silencio in the River Plate. The most shaming thing for the church is that in such circumstances Bergoglio's name was allowed to go forward in the ballot to chose the successor of John Paul II. What scandal would not have ensued if the first pope ever to be elected from the continent of America had been revealed as an accessory to murder and false imprisonment.

Read the full article HERE:

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THE GRAND PLAN.

       The grand plan is moving along nicely, the corporate dream is on the horizon. Thanks to the Troika, Europe is moving rapidly to a cheap labour economy. Slashing of social spending, wage cuts/freeze, and high unemployment, all the necessary ingredients for the corporate vision of a European sweatshop economy. The only thing that can now stop their greed driven vision is the people, do we accept a life of deprivation for ourselves, our children and grandchildren, or do we take control and shape society to the needs of all our people?

This from The International Journal of Socialist Renewal:

By Murray Smith
October 16, 2012 -- Frontline, posted at Links International Journal of Socialist Renewal with the author's permission -- It sometimes seems as if Europe’s sovereign debt crisis has been going on forever. But in fact it really only manifested itself in 2010, a result of the bailing out of private banks with public money and other public spending due to the crisis. And in May of that year Greece became the first country to ask for help and to receive so-called “aid” – really, it cannot be repeated too often, loans that must be paid back – from the now infamous "Troika", the IMF-ECB-European Commission.
This aid was conditional on Greece adopting policies of austerity and structural reforms, all regularly supervised by those who have become known as the “men in black”, the inspectors of the Troika. In an article in the UK Guardian on October 8, 2012, Alexis Tsipras, leader of the radical left coalition Syriza, makes two key points. First of all, the money lent to Greece goes into an escrow account used for repaying past loans and interest on them and for recapitalising private banks. It cannot be used otherwise, for example for useful social spending. Second,  he writes: “We believe that their aim is not to solve the debt crisis but to create a new regulatory framework throughout Europe that is based on cheap labour, deregulation of the labour market, low public spending and tax exemptions for capital."

Read the full article HERE:

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THE AMERICAN RECOVERY, POVERTY AND TENT CITIES.

         As the populations of countries across the developed world face a brutal attack on their living standards from the financial Mafia, we keep getting told it is the “economy” and all this suffering is necessary to get the economy going again. We are also told that the American “economy” is recovering, so everything should be OK. Well we can accept that most of the “good news” is bullshit propaganda approaching the Presidential elections, Obama needs some help.

      Let's take the poverty in America, it is estimated that there are more than 47 million Americans living below the poverty level, on top of that there are approximately 5,000 people living in tent cities, with an estimated 55 such tent cities dotted around America. The largest of these ironically, is not that far from Disneyworld in Florida, where approximately 300 people live in tents on a 13 acre site. Most of these sites don't have electricity and the sanitation leaves much to be desired. On top of that most can't even feed themselves, they rely on charity. The BBC covers some aspects of this situation in its Panorama program.

       The following extract is another take on the American “recovery” and it is well worth reading the full article.

The other day I was struck by this wierd feeling of deja vu. Where had I seen this kind of listlessness before? Where had I observed this sort of laggard, slumping despair? Then I remembered. It was back in Russia during the Yeltsin years. It was the exact same atmosphere: Things were shitty and getting worse. Life was shabby and dilapidated. Their rulers were corrupt and didn’t give a damn. Cosmically rich oligarchs were cannibalizing the country, and the system was so badly broken there wasn’t a damn thing anyone could do about it. Drink up. Continue reading;

  This austerity is necessary for the recovery.

         Like I keep on spouting, we have to stop looking to our “own” bunch of political crooks and liars to sort it out for us, and realise that this is an international war. This is the world wide corporate fascists plundering the ordinary people of the world, your “own” little bunch of crooks and liars are not on your side. If they even hint at improving the social fabric of society, the big financial boys will have you down graded, grab their capital and leave, or they might just do as they have done in Greece and Italy, suspend your so called “democratically elected” government and put one of their henchmen in to take charge, to get you back on the right track of austerity and handing them the public purse.

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