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Posts tagged ‘The Daily Bell’

HSBC Laundering Billions?

by Staff Report

A former employee of one of the world’s largest international banks has provided WND with more than 1,000 pages of documents, including customer account ledgers for dozens of companies through which the financial institution was laundering money each month, according to the whistleblower. “I found many accounts through which hundreds of thousands of dollars were being flowed as a conduit on a monthly basis,” John Cruz, an account relationship manager who worked in the HSBC southern New York region, told WND. − WorldNetDaily

Dominant Social Theme: What a shock! This is perhaps the biggest bank in the world! Where were the regulators? What’s going on? How could this happen? It’s really impossible to believe …

Free-Market Analysis: Jerome Corsi better hire pretty good security. In Georgia, a lawsuit that Corsi has helped promote seems close to knocking US President Barack Obama off the ballot due to questions about his parents and whether he is US “natural born” – and thus eligible to be president.

And now Corsi has apparently helped reveal the underbelly of the Western world’s banking system by exposing “thousands of pages” of documents that, according to Corsi, seem to prove fairly conclusively that HSBC was involved in a massive money laundering scheme that involved people at the very top of the bank.

As of 2011, according to Wikipedia, British-based HSBC was the world’s second-largest banking and financial services group and second-largest public company per a composite measure by Forbes magazine … “In February 2008, HSBC was named the world’s most valuable banking brand by The Banker magazine.”

Given that HSBC is the most valuable banking brand in the world, systemic corruption at the top of HSBC is big news. What’s funny in a sad way is that this probably has been going on for decades. It is only now, however − thanks to the Internet − that these sorts of things can be publicized. It seems like there is fairly significant

full report at source:http://www.thedailybell.com/3580/HSBC-Laundering-Billions

Financial Times Changes Article Headline on EU Three Times!

Can someone at your illustrious newspaper explain why the headline  changed from “EU fails to reach an agreement” to “Eurozone signs up to  closer ties” in the space of 10 minutes? Presumably because senior FT  management regarded the former as a nationalist distortion of the truth.  There was an agreement and a good one….it just did not include the  UK. No doubt various eminent commentators on the FT will now rant on  about how the agreement is incomplete, because, just like your failed  writer of headlines, they would rather see a glass half empty than half  full….especially when it comes to decisions which undermine the  economic theories of the nation state. With all the respect that I  believe the UK coalition government is due, what has happened here is  entirely due to the continuing rift in the Conservative Party, which,  logically, should be resolved by its break up….not the break up of the  Eurozone! – Financial Times feedback/Danny Barrs

see article at source:http://www.thedailybell.com/3334/Financial-Times-Changes-Article-Headline-on-EU-Three-Times

Is the Sovereign Debt Crisis a Replay of the Versailles Treaty?

Here at The Daily Bell we track dominant social themes of the Anglosphere power elite (the only elite that matters) and recently we’ve been pointing out that much of what is going on in the (Western) world is a repeat of the early 20th century

In an article entitled “Parallels Between Early 20th Century and Present Are Scary,” we pointed out that history is indeed seemingly repeating itself.  You can see the link here, and some previously created charts below.

We’ve pointed out these parallels in order to make the argument that much of what’s going on now is intended to speed up the process of creating one-world government. We regularly try to explain that there is likely a power elite behind this state of affairs – a small group wielding enormous Money Power via its control of central banking.

 

full article at source:http://www.thedailybell.com/3290/Anthony-Wile

And Then There Was “Thrive

We have written about “Thrive,” the movie, which just made its debut. Sure enough, our skepticism seems warranted. In fact, we’ll be very blunt. The power elite (that wants to take over the world in our opinion) fights back against alternative media memes with exceptional fierceness. They do so by using three methodologies.

1) They create false websites that discredit free-market thinking and ridicule market-based solutions to current problems, including Austrian Economics.

2) Many faux websites (not all, by the way) place free-market solutions side-by-side with articles about space aliens, UFOs and other unproven phenomenon. Some of this may have be newsworthy and thought-provoking, but for the middle-class “intelligentsia” it is likely to prove a turnoff.

3) Other faux websites practice the “limited hangout” approach – wherein they present the world’s reality in such detail and in such gruesome terms that it only inspires hopelessness, which turns into lack of social or personal “human action.”

full article at source:http://www.thedailybell.com/3262/VIDEO-And-Then-There-Was-Thrive

 

Latest EU Bailout Deal Not Meant to Work?

by Staff Report at the daily Bell

Free-Market Analysis: The latest Eurocrat deal to salvage the euro (and perhaps the Union itself) is already falling apart and, as a result, the entire process is ever more publicly suspect. Is the idea to make the West so desperate that global governance becomes an attractive solution?

The dominant social theme is, of course, one of hope. The EU’s wise leaders have once again Saved the World. But we have expressed the idea previously that the disaster is being stage-managed to ensure that when Europe does fall apart, no one shall be to blame. The Eurocrats will be able to spread their hands, palms up, and say in unison, “Don’t blame us.”

Then, you see, the conversation shall turn to the IMF‘s SDR currency-in-waiting and how the IMF should serve as global central bank, dishing out its incomprehensible basket-fiat currency to all and sundry. This is perhaps the REAL plan – or one of several plans, as it looks more and more as if the euro is going the way of the Dodo.

It is nonetheless an emphatic defeat for the Anglosphere elites who are determined to create a one-world currency as part of a new world order. Regional agglomerations of nation-states are supposed to be stepping stones to this structure and they are in place around the world – from South America to Asia to Africa. But the main ones that count the most are (1) the European Union that is falling apart before our eyes and (2) the North American Union, which is in such bad odor that even Bilderberg Boy Rick Perry has to deny its evident and obvious reality.

full article at source: http://www.thedailybell.com/3163/Latest-EU-Bailout-Deal-Not-Meant-to-Work

China Faces Hard Landing

by Staff Report at the Daily Bell

China risks hard landing as global woes spread … China’s carefully-managed soft landing is turning harder by the day, threatening to deflate the torrid credit bubble of the past three years. Beijing is alarmed by inflation above 6pc and price-to-income ratios for property in the rich coastal cities … “There is a large potential risk,” said Zhu Min, the deputy managing director of the International Monetary Fund and a former Chinese official. Mr Zhu said China had doubled the loan ratio from below 100pc of GDP before the Lehman crisis to roughly 200pc today. The danger is that this excess could start to unwind just as the West goes into a sharp downturn, and possibly a double-dip recession. China and emerging Asia are fundamentally in weaker shape this time, having used up their “fiscal cushions”, leaving them with little leeway to cope with a fresh global shock. – UK Telegraph:

full report at source:http://www.thedailybell.com/2940/Biggest-Story-in-the-World-China-Faces-Hard-Landing

Swiss Government Ruins Franc

by Staff Report at the Daily bell

The Swiss franc tumbled against the euro and dollar on Tuesday after the Swiss National Bank   set a minimum exchange rate target of 1.20 francs per euro to combat the strength of the   currency, which it says poses a risk to the economy.  – UK Telegraph

Dominant Social Theme: The Swiss, gallantly, will do whatever they need to in order to defend the euro, even if it means debasing their own currency.

Free-Market Analysis: Switzerland is one of those rare European countries that are doing relatively well in a time of international economic crisis. But doing well is not something that can be tolerated in the “new” Europe. The Swiss have come under enormous pressure on a variety of fronts to make their sociopolitical environment conform to the larger dysfunction of the EU – and now they’re ruining their currency at the behest of Brussels.

full article at source:http://www.thedailybell.com/2888/Swiss-Government-Ruins-Franc

German Court Set to Trip Up EU?????

This image shows Angela Merkel who is the Chan...

Image via Wikipedia

DB Briefs: German Court Set to Trip Up EU? / China’s Leaders Attempt to Gag Internet, but Problems are Fundamental/ Atlantic Questions Work Habits of US Leaders

Monday, September 05, 2011 – by Staff Report

German Court Set to Trip Up EU? …

German court to insist on bail-out reforms … The German Constitutional Court is set to demand that the German government does more to ensure “democratic legitimacy” for its support for European wide bail-outs in its long-awaited judgment on the legality of the multi-million bail-out of debtor nations. Chancellor Angela Merkel has faced criticism for not seeking fresh democratic mandates for the millions of euros the German government has provided in support for the eurozone’s struggling nations such as Greece and Ireland …  Leading European experts have said that, although the court is unlikely to throw out the bail-out policy, which would cause chaos across the eurozone, it is likely to set conditions on continuing German support for the policy. Matt Persson, of the think tank Open Europe, said: “The Court will almost certainly approve the bail-outs, possibly citing as a reason that monetary stability is a legally protected interest.. However, the Court is also susceptible to public opinion and, in order to guard its reputation, could well demand more influence for the German parliament and lay down additional constitutional red lines in return for approving the bail-outs.” It could also make moves towards fiscal union in the eurozone even more complicated, he said.  – UK Telegraph

full article at source:http://www.thedailybell.com/2882/DB-Briefs-German-Court-Set-to-Trip-Up-EU-Chinas-Leaders-Attempt-to-Gag-Internet-but-Problems-Are-Fundamental-Atlantic-Questions-Work-Habits-of-US-Leaders

S&P States the Obvious

By Ron Paul

Politicians did not get much time to pat themselves on the back for supposedly rescuing the economy with the debt limit deal last week. The ink was barely dry when Standard & Poor’s downgraded the US debt ratings anyway, roiling world financial markets.  Anyone who has taken an honest look at the government’s fiscal situation, taken into account how Washington works and the direction it is going would have a very difficult time arguing with S&P’s decision, although a strong case can be made that this was too incremental a downgrade and that it took far too long for S&P to admit the obvious.

Nonetheless, the administration nitpicked over a $2 trillion “mistake.” S&P rejoined with the fact that $2 trillion here or there hardly makes a difference in the time frame under discussion.  That, if nothing else, should tell you the magnitude of the problem.  $2 trillion has become a drop in the bucket.

full article here at source:http://www.thedailybell.com/2803/Ron-Paul-SP-States-the-Obvious

It’s your fault you are not rich!

It’s your fault you are not rich. The system is just fine and plenty of people are well off because they planned and you didn’t.

Free-Market Analysis: This article is in line with a larger dominant social theme promoted by the power elite: Whatever is wrong with your world is YOUR fault. Here are the 10 points along with brief responses, and then a further summary below.

“You Care What Your Neighbors Think.” Our response: Do adults really spend their hard-earned money on items designed to one-up those who live nearby?

“You Aren’t Patient … If you have credit card debt it’s because you couldn’t wait until you had enough money to purchase something in cash, you are making others wealthy while keeping yourself in debt.” Our response: Sometimes when there is little cash and a big need, credit may be helpful.

“You Have Bad Habits… Whether it’s smoking, drinking, gambling or some other bad habit, the habit is using up a lot of money that could go toward building wealth.” Our response: Is smoking really going to prevent millionaire status? Don’t some millionaires smoke?

“You Have No Goals … It’s difficult to build wealth if you haven’t taken the time to know what you want. You need to take the time to set saving and investing goals on a yearly basis and come up with a plan for how to achieve those goals.” Our response: Planning is helpful, but a high-paying job doesn’t hurt either.

“You Haven’t Prepared … Bad things happen to the best of people from time to time, and if you haven’t prepared for such a thing to happen to you through insurance, any wealth that you might have built can be gone in an instant.” Our response: This assumes the insurance company is not going to try to devalue or even refuse to honor your claim, thanks to the “fine print.”

“You Try to Make a Quick Buck …. For the vast majority of us, wealth doesn’t come instantly. You may believe that people winning the lottery are a dime a dozen, but the truth is you’re far more likely to get struck by lightning than win the lottery.” Our response: Even getting rich slowly is difficult in a high-inflation and high-tax environment. The ones that seem to do the best overall are those involved with government-sanctioned organizations such as teachers unions and public service unions.

“You Rely on Others to Take Care of Your Money …You believe that others have more knowledge about money matters, and you rely exclusively on their judgment when deciding where you should invest your money.” Our response: This is not surprising given the massive bombardment of advertising virtually demanding that people hand over their life savings to those who can invest it “professionally.”

“You Invest in Things You Don’t Understand … You hear that Bob has made a lot of money doing it, and you want to get in on the gravy train” Our response: Again, this is hardly surprising given the amount of publicity that various investment alternatives are afforded, depending on the business cycle.

“You’re Financially Afraid … You are so scared of risk that you keep all your money in a savings account that is actually losing money when inflation is put into the equation, yet you refuse to move it to a place where higher rates of return are possible because you’re afraid that you will lose money.” Our response: Given the volatility of the investment world in the past few years, this seems to us a logical fear.

“You Ignore Your Finances … You take the attitude that if you make enough, the finances will take care of themselves. If you currently have debt, it will somehow resolve itself in the future.” Our response: This, too, is a logical response to what has occurred in the past few years. People tend to feel that their investments and even their future are controlled by powerful forces beyond them.

source and full article here http://www.thedailybell.com/2709/Youre-Not-Rich-Because-Youre-a-Loser

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