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GlassSteagallfan
7th July 2012, 23:46
A Powerful British Faction has Aligned with LaRouche

by Jeffrey Steinberg
6 July 2012

It is almost impossible to overstate the strategic significance of the fact that an important group within the top echelons of the British Establishment have come to the conclusion that Glass-Steagall is the only survival option open to them. The July 3 Financial Times editorial endorsement of Glass-Steagall has been followed, over the past 48 hours, by a series of further endorsements by leading figures, from Peter Hambro, of the old British merchant banking family; to Lord Myners, former Financial Services Secretary in the Gordon Brown government and a Rothschild-sponsored banker; to Terry Smith, a leading City banker who had called for a return to Glass-Steagall at the time of the September 2008 Lehman Brothers and AIG blowout. In Italy, the newspaper of record, Corriere della Sera, came out Friday with a big push for Glass-Steagall by leading financial correspondent Massimo Mucchetti, who is known to have, in the past, been close to Romano Prodi and the De Benedetti interests.

These actions have been taken with the full knowledge that the fight for Glass-Steagall has been led—in the United States and in Europe—by Lyndon LaRouche. As he noted in the brief statement that appeared earlier, LaRouche is the only person qualified to engineer the return to Glass-Steagall and a system of fixed-exchange-rate sovereign currencies in the trans-Atlantic region. In discussions with colleagues today, LaRouche emphasized that, if leading figures in the trans-Atlantic governments do exactly what LaRouche has prescribed, we can go into an immediate economic recovery. "London has delivered a shot across the bow, and we are the world leaders on Glass-Steagall," LaRouche declared on Friday. "A group of responsible people in Britain has decided that the fate of everything that is important to them requires an immediate Glass-Steagall reform."

LaRouche added a crucial point: "This also means that they cannot any longer tolerate Obama in office. By moving as they have for Glass-Steagall, they are also committing to sink the bastard. They can no longer tolerate Obama's continuation in office in the United States." That is the crucial factor in our moving to remove Obama from the Presidency and the nomination before the Democratic nominating convention begins on Sept. 3.

It is crucial to understand that a grouping in London has concluded that the system has already blown, and they must act preemptively to save their interests. This opens the door for Obama's removal in time. The crimes of Obama are evident, from Fast and Furious—which was nothing else than a coverup of the flood of drug money that went to Obama's illegal election in 2008, courtesy of George Soros and that gang—to the most damaging leaks of national security secrets in the nation's history. But the real issue behind Obama's removal is that he and Geithner and Bernanke are the biggest impediments to the immediate implementation of Glass-Steagall. As LaRouche said on Friday, "Glass-Steagall is the operation that brings down the Obama Presidency."

The LIBOR rigging scandal now also opens another flank. Today, the British Serious Fraud Office (SFO) announced a criminal investigation into the fixing of the rates that determine virtually all adjustable-rate mortgage and credit card rates worldwide. The investigation will be coordinated with law enforcement agencies in the United States, Japan, and throughout continental Europe. This is potentially the Pecora Commission, but on a global scale, that was so ferociously suppressed in 2008. The LIBOR scandal is so big, and involves so many of the worst of the trans-Atlantic banks, that it cannot be suppressed. Bankers are going to be frog-marched off to jail over this.

There is one other critical dimension of this picture that cannot be overlooked or underestimated, and that is the role of Russia and President Putin in foreclosing the option of a limited war. The fact that Putin and the Russian generals have repeatedly warned that any move for regime change in Syria or Iran could lead to a thermonuclear war of extinction, has meant that the British bluff has been called. The combination of the Russian resolve, and the war-avoidance actions by U.S. military leaders, from the Chairman of the Joint Chiefs of Staff, General Martin Dempsey, on down, has thrown off the timetable for war, that had been set last year. The option of wars in Syria and Iran, following closely on the heels of the overthrow and assassination of Qaddafi in Libya, has been stopped so far. As the result, the rate of collapse of the trans-Atlantic financial system has raced ahead of the war preparations, to the point that any kind of strategic confrontation is now much more difficult, if not impossible.

Source: http://larouchepac.com/node/23265


***************************************

British Empire Decides To Eat Its Offspring
by John Hoefle
7 July 2012

When God tells the truth, you accept it without question. When Satan tells the truth, some serious thinking is in order. Such are the thoughts posed by the recent calls for Glass-Steagall coming out of the dark heart of the British Empire, the City of London.

Take the case of Paul Myners, otherwise known as Baron Myners, a life peer who is also a Commander of the Order of the British Empire. (Such titles may sound silly, but the Empire is largely run through chivalric and Masonic orders, which permeate all the major institutions.) Lord Myners, the former publisher of the Guardian and the Observer, is a former employee of N.M. Rothschild, a former director of NatWest bank, and is currently a director of RIT Capital, the investment vehicle founded and chaired by Lord Jacob Rothschild. (Baron Rothschild is a member of the Queen's Order of Merit, and a Knight Grand Cross of the Order of the British Empire. Rothschild is also the kingpin of the Inter-Alpha Group, which led the empire's assault on the global economy.) When Myners speaks, he is speaking not for God and Country, but for Queen and Empire.

Then there's Peter Hambro (http://larouchepac.com/node/23267), chairman of Petropavlosk, a London-based company with extensive gold holdings in Russia. Hambro is descended from one of the empire's top banking dynasties. Hambros Bank was one of the constituent fondi in Assicurazioni Generali, the powerful Venetian insurance company founded by the Rothschilds and others, and was part of a syndicate—which included N.M. Rothschild—which funded Mussolini's corporatist government in Italy. Hambros was part of the powerful Rhodes-Milner Round Table Group. Among its directors was Lord Peter Carrington (Order of the Garter, Grand Commander of the Order of St. Michael and St. George, etc.), the former British Foreign Secretary, Secretary General of NATO, and co-founder of Kissinger Associates. The Hambros were also important spooks, with Bank of England director and Hambros Bank partner Sir Charles Hambro heading British intelligence's Special Operations Executive during World War II. (Sir Charles was a Knight Commander of the Order of the British Empire.)

Among the directors at Petropavlosk is Field Marshal Charles Guthrie, Baron of Craigiebank, a former director of N.M. Rothschild and a Knight of the Sovereign Military Hospitaller Order of Saint John of Jerusalem of Rhodes and of Malta. Guthrie has also served as Gold Stick to the Queen; Gold Stick is not a dildo, but a ceremonial bodyguard. Petropavlosk director Dr. David Humphreys spent 18 years at the Rothschild-controlled Rio Tinto. The remnants of Hambros is now owned by Inter-Alpha member Société Générale as its private bank, SG Hambros. Banco Santander's Emilio Botín López worked for Hambros Bank for two years as a young man, before joining the Banco de Santander board in 1902. Banco Santander is key member of the Inter-Alpha Group. Yet another Petropavlosk director, Sir Roderic Lyne, is vice-chairman of Chatham House, and a Knight Commander of the Order of St. Michael and St. George. He was also a member of the Chilcot inquiry, which protected Tony Blair from his crimes around the Iraq War.

The Financial Times, the preeminent financial newspaper of the British Empire, has long been associated with the Rothschilds, as is the Economist.

In Italy, Corriere della Sera columnist Massino Mucchetti, a proponent of Glass-Steagall (http://larouchepac.com/node/23268), is known as a mouthpiece for Romano Prodi and the De Benedetti crowd, partners of the Rothschilds.

Source: http://larouchepac.com/node/23272


Eat your heart out Drake!!!!

Alie
7th July 2012, 23:49
Here's More from LaRouche issued on 7-7-12

He isn't fooled by the "oligarchs", who are requesting Glass-Steagall. But he appears to be VERY wise.



"Lyndon LaRouche issued the following remarks regarding the breaking developments coming out of Britain and their proposal that the United States join them in establishing a classical Glass-Steagall banking reorganization of the transatlantic financial system immediately."

Here's the Audio: http://bitcast-r.v1.iad1.bitgravity.com/larouche/audio/20120707-lyn-responds-to-britain.mp3

Here's access to the video: http://larouchepac.com/node/23279

GlassSteagallfan
8th July 2012, 03:27
Thanks for that update Alie.

I'll post the video statement when it appears on youtube.

In this moment of utter joy, a new fear comes to mind. My concern is what the Kenyan may do since his controllers have abandoned him. The Nero personality comes to mind. He still has time to 'blow it all up', and there is no doubt this is driving him crazy.



http://www.youtube.com/watch?v=aB1fHELxuDE
http://www.youtube.com/watch?v=aB1fHELxuDE

Rocky_Shorz
11th July 2012, 00:50
remember any time you see a story flaming Obama, it is part of the republican propaganda campaign which instantly discredits anything they are sharing...

Republicans would love to point the Banking mess at Obama, but they are up to their necks in bribes so will never get away with it...

GoodETxSG
11th July 2012, 01:10
remember any time you see a story flaming Obama, it is part of the republican propaganda campaign which instantly discredits anything they are sharing...

Republicans would love to point the Banking mess at Obama, but they are up to their necks in bribes so will never get away with it...

uhhhh seriously? where have you been? Both parties are bought and paid for literally. Obama should stand in line w/the other living POTUS and marched into the same cell. If you STILL buy into this 2 party divide and conquer scheme setup to keep us bumping heads too much to see what they are doing then you have much much more research to do. No disrespect, but that statement surprised me, though not shocked that many still buy into that nonsense. But it is an election year, which is going to make bringing out the corruption that much harder because of people on the LEFT pointing fingers at the RIGHT and vise versa... just as THEY hope and plan for us to do.

Referee
11th July 2012, 01:14
This is very Good News IMO Thanks for Posting!

Rocky_Shorz
11th July 2012, 01:15
well I read articles much different than you, and if the inbred frogs all want Obama out...

then obviously, it is best that he stays... ;)


LaRouche added a crucial point: "This also means that they cannot any longer tolerate Obama in office. By moving as they have for Glass-Steagall, they are also committing to sink the bastard. They can no longer tolerate Obama's continuation in office in the United States." That is the crucial factor in our moving to remove Obama from the Presidency and the nomination before the Democratic nominating convention begins on Sept. 3.

Rocky_Shorz
11th July 2012, 01:43
now what really did happen today is this...


WASHINGTON (MarketWatch) — The nation’s commodity futures regulator on Tuesday voted to define which derivatives will be considered swaps, letting loose a slew of transparency-focused regulations for the $650 trillion global industry, considered a key contributor to the financial crisis of 2008.

“Light will begin to shine on the swaps market for the first time,” said Commodity Futures Trading Commission chief Gary Gensler.

The commission including Gensler voted 4 to 1, with Bart Chilton, a Democratic commissioner, voting against the regulation.

The definitions are important because most of the derivatives regulations in the Dodd-Frank Act, written responding to the crisis, cannot become effective until swaps are defined.

Those rules, many of which take effect in a few months, include a requirement that major swaps-market players register with the CFTC; new business standards for conduct between banks and swaps purchasers; reporting and record-keeping rules; and the establishment of new swaps-data repositories. The agency estimates that about 125 companies will be required to register with the agency...

story link (http://www.marketwatch.com/story/post-aig-derivatives-rules-unleashed-by-cftc-2012-07-10)

Rocky_Shorz
11th July 2012, 01:55
and few know that big banks had a deadline of July 1st...


The Dodd-Frank Law put in place a provision for banks that pose a systemic risk to the economy, because of their size, to operate with “living wills” that provide a viable plan for dealing with them in the event that they become insolvent.

The schedule for submitting living wills is staggered based on the size of the bank. Bank holding companies with more than $250 billion in nonbank assets will have to file initial plans by July 1, 2012. Firms with between $100 billion and $250 billion in nonbank assets will have until July 1, 2013, to file plans. All other companies covered by the rule will have until Dec. 31, 2013.

Some experts have questioned whether the living wills will actually be implementable in a crisis. We won’t know for sure until we see what the living wills look like. JPMorgan’s plan is due July 1, 2012. When it becomes available, public and expert scrutiny should be focused on assessing its viability. If the conclusion is that the living will is unimplementable and the flaws cannot be remedied, then further action will be needed, including breaking up the relevant banks and removal of the implicit incentives that were accorded to big banks during the 2008 crisis... story link (http://www.forbes.com/sites/stevedenning/2012/05/17/what-should-be-done-about-jpmorganchase/)

Rocky_Shorz
11th July 2012, 01:59
these are the Federal Reserve Banks, moving toward transparency...

now an audit will be possible...


hmmm, why would British Bankers be upset? lol

going back to Glass Stegal could never happen and moving to try would take years of failures before talking everyone into giving up... ;)

Rocky_Shorz
11th July 2012, 02:04
remember they want Obama out by Sept 3rd, which is exactly when the Dodd-Frank Law takes effect...

now is it making more sense?

Rocky_Shorz
11th July 2012, 02:09
so if it starts in September, there is a very good chance of having the audit completed by ummmm December 21st 2012...


hey Fed Reserve, don't let the door kick you in the arse on the way out...

Rocky_Shorz
12th July 2012, 18:50
todays news...


Statements from central banks in Brazil, the U.S., Japan and Korea — some expected, some surprising — within 24 hours late Wednesday and Thursday jolted markets around the globe. The central bank positions on whether to push more stimulus into slowing economies broke along developed and emerging-markets lines. The Federal Reserve’s minutes and Bank of Japan’s policy statement showed both banks on hold... story link (http://www.marketwatch.com/story/4-central-bank-missives-in-24-hours-jolt-markets-2012-07-12?link=MW_latest_news)