Despite some stabilization of the situation in the financial markets at the end of the first wave of the crisis (2007-2009), a quiet life for world bankers did not come. Since the beginning of this decade, we have seen a continuous series of scandals around the banks that make up the core of the global financial system. Violations and even crimes committed by banks in different years are revealed. There are official investigations of the activities of banks by financial regulators, lawsuits. Banks have to pay large amounts of fines. The circle of banks drawn into the epicenter of scandals is constantly growing.
It all started with the Swiss bank UBS, which was accused by the US authorities of harboring funds from American taxpayers. In 2010, UBS broke down, revealing information about its US customers and transferring hundreds of millions of dollars to the US treasury. After that, the Americans began to "gut" other banks in Switzerland. And then the banks of other countries. They imposed fines on them, destroyed the concept of bank secrecy, in fact forced foreign banks to inform on their clients.
Then began a series of scandals related to the identification of violations by banks of world-caliber sanctions against Iran, Cuba, and the DPRK. The list of defendants included the giants of the City of London - Barclays, HSBC, Royal Bank of Scotland, Standard Chartered, banks in other European countries. Many of these banks were simultaneously accused of laundering dirty money, collaborating with the drug mafia and even financing terrorism. The charges came from US and UK financial regulators. All ended with payments of giant fines, estimated at hundreds of millions of dollars per bank. The maximum fine paid in 2012 was HSBC - 1,9 billion.
In the middle of summer 2012, a scandal involving LIBOR rates began. The largest banks (predominantly European) were accused of manipulating the rates in the London interbank loan market. The effect of manipulation is very large, since financial markets, estimated at hundreds of trillions of dollars, are oriented towards LIBOR rates. In fact, it was a question that a dozen and a half banks of world caliber formed a cartel, earning billions of dollars on manipulating LIBOR rates with the tacit consent of central banks and financial regulators. In May of this year, it was revealed that a number of banks manipulated another rate, which is called ISDAfix and on which the market for derivatives in 379 trillions of dollars is oriented. An investigation has begun that threatens to escalate into a scandal of the same magnitude as история with LIBOR.
This summer began a series of scandals related to the fact that banks have moved beyond the financial markets, settled in commodity and energy markets, dealing with price manipulations. The United States Federal Energy Regulatory Commission (FERC) ordered the British financial conglomerate Barclays to pay a fine for manipulating electricity prices in the state of California. At the end of July, a message arrived: FERC accused JP Morgan Chase of America’s largest financial conglomerate of manipulating electricity markets, primarily in the state of California and the Midwestern United States. Now the Wall Street bank faces a fine of up to 400 million dollars.
Experts hint that in this way financial regulators and other overseers can even get to the famous London Gold Fixing, which has been in operation since 1919. This fixing is a procedure for determining the price of gold. It involves only five companies and banks that are under the influence of the Rothschild clan. The cuisine of this fixing is not really known, but all participants in the global market for the yellow metal somehow orient themselves on London quotes. Gold fixing prices directly or indirectly influence not only the yellow metal market, but all financial markets. “Golden fixing” is a kind of global finance management center for a narrow group of usurers. Are some “regulators” really able to aim a blow at the holy of holies of world finances?
The latest in a series of banking scandals was the authorities of the European Union, put forward in July 2013, against the 14 participants in the market for credit default swaps (CBCs), which are a type of financial derivatives. Leading US and European banks were convicted of cartel collusion over the creation of the over-the-counter market for DPTs, which was completely outside the control of financial regulators. By creating this “gray” market, Wall Street banks and the City of London largely provoked the financial crisis of 2007-2009.
Some features of banking scandals
It is striking that the promulgation of the facts of various banking crimes occurs, as a rule, not without delay, but several years after these crimes are committed. But such crimes are not a needle in a haystack. Financial regulators and financial market participants are always aware of them. So banking scandals are the realization of procurements that are waiting in the wings.
Many scandals are extraterritorial in nature. That is, financial regulators and courts begin investigating and prosecuting banks that have the status of "non-residents." Especially actively such extraterritorial investigations and harassment are dealt with by the US authorities. Moreover, financial regulators, the Department of Justice, the US courts are much more absorbed in investigating the activities not of their American banks, but of foreign banks - especially European ones. If the US government and begin investigations against US banks, then they end in much milder punishments compared to the banks of the Old World.
In addition to the Americans, the UK has the most active prosecution of banks. There is a financial regulator such as the Financial Services Authority (FSA). It is noteworthy that the FSA operates autonomously from the Bank of England, some initiatives by the financial regulator reveal the negligence of the country's central bank, or even the tacit encouragement of various violations in the banking sector.
In general, to date, banking scandals have caused particularly great damage to European banks. Of course, Wall Street banks also paid fines more than once, but an order of magnitude or two orders of magnitude lower than European banks - and only according to the demands of their own, American regulators and courts. European regulators do not dare to subject fines to overseas bankers.
European banks suffer losses
A typical European bank affected by prosecution prosecutions is Deutsche Bank. Formally, the German bank (the largest in Germany), but de facto - an international, under the control of the Rothschilds. Due to scandals (primarily regarding the LIBOR rate), he suffered serious losses. If in 2011 the net profit of the bank was equal to 4,3 billion euros, then as a result of 2012 it fell to 0,7 billion euros (the lowest figure since the crisis year 2008). For the period 2013-2015. Bank management was forced to declare austerity.
Another person involved in the scandals - the Royal Bank of Scotland (Royal Bank of Scotland), part of the Rothschild empire, the situation is even worse. He was seriously injured during the last crisis and was in fact nationalized (80% of capital was bought out by the British government). If in 2011, the losses of RBS were equal to 2 billion dollars, then according to the results of 2012, they increased by 4 times - to 8 billion dollars.
However, the British bank Barclays (Barclays) with assets of around 2,3 trillion deserves special attention. dollars. He is involved in almost all the scandals of recent years. At the same time, Barclays Bank is at the head of many world banks ratings. For example, about two years ago, the results of computer analysis of a database of millions of banks and companies from around the world were published. The work was carried out by specialists from the Zurich Institute of Technology. The aim of the work was to identify the core of the global economic and financial system. In the "core" turned 147 companies. And on top of this narrow group is the British bank Barclays. True, the analysis was carried out on the basis of data for the 2007 year, and the findings of Swiss scientists refer to the time when Barclays had not yet begun to be persecuted. And just recently, a sensational report appeared in the media that a hole of almost 20 billion in size was formed in the balance of a famous bank. The “hole” indicated was an estimate of the lack of equity capital. This sensational message can be perceived as another blow to the reputation of the famous bank (almost all major Wall Street banks have similar and even big “holes”).
Barclays - a bank that is part of the Rothschild empire; until recently, he secretly acted as a "conductor" of other banks in many financial markets. By the way, Barclays participates in the London “gold fixing”, in which all five participants are equal, but this bank is “more equal”. According to some analysts, after the London bank NM Rothschild & Sons left the fixing in 2004, the Rothschilds continued to participate in determining the price of gold, acting through Barclays.
The confrontation of the two clans?
There are enough facts to say that the banking world has entered a protracted phase of “controlled chaos”, or “controlled crisis”. And here rises several questions at once. Who controls this chaos (crisis)? What are the goals of this management? When will the phase of chaos (crisis) end? Is there a risk of losing control?
There are quite convincing conspiracy theories that after the collapse of the USSR the world began to be controlled from one center, which is often called the world government. Many influential media have long since moved from the position of every denial of the existence of a world government to its recognition. And even in a sense, they began to carry out PR-actions in his favor (some publications about the meetings of the Bilderberg club can be completely attributed to the category of such PR-actions). However, an analysis of recent events in the banking world leads to somewhat different conclusions.
Banking scandals indicate that the global elite is far from consolidation, it is divided into groups of interests. There is a tense and irreconcilable struggle of various groups for survival, influence and world domination.
It is believed that the world bankers and the world elite - the concepts are largely the same. Where there is money, there is power and a struggle for even greater power. Banking scandals exposed the contradictions and lines of struggle within the world elite.
Often, these contradictions reduce to the struggle of two banking groups - the New World and the Old World, to the struggle of American and European banks. Sometimes journalists, simplifying the problem, say that the struggle is between the Wall Street banks and the banks of the City of London. As already mentioned, the victims of banking scandals are, first of all, European banks and among them British banks (the City of London). However, from my point of view, such a “geographical” approach to the analysis of banking scandals is too coarsening the picture. It is more correct to talk about the struggle of two main financial-banking clans - the Rothschilds and the Rockefellers. Today they are the main shareholders of the US Federal Reserve, and the Federal Reserve is the central institution of the global financial system. While the West had a common enemy in the person of the USSR, the contradictions between the main shareholders of the FRS faded into the background. Today, after the global financial crisis, the continued existence of the Fed is under threat, the main shareholders have different ideas about how to get out of the crisis, contradictions sharpened, each began to pull the blanket to his side. The Rothschilds and the Rockefellers began to rock the boat called the "global financial system." True, in May 2012, an event occurred that many considered significant. The point is that the Rothschild and Rockefeller dynasties in Europe have agreed on a strategic alliance. The alliance included the assets of the listed investment trust Jacob Rothschild RIT Capital Partners and the company Rockefeller Financial Services. RIT acquired the 37% stake in the Rockefeller asset management company. Someone praised this event as the cessation of war between the clans and a sign of consolidation of the world oligarchy under the auspices of the Rothschilds-Rockefellers. I am convinced that the action was symbolic - there was no chain reaction.
It is noteworthy that until recently all major initiatives to investigate the illegal and criminal activities of banks came from Washington. A certain activity was shown by London, which (oh, horror!) Began to pursue the Rothschild banks. Some experts attribute this “non-patriotic” position of the British authorities to the fact that the current leadership of the country has become more than ever dependent on Washington.
The European Union (continental Europe), until recently, did not take any initiative in investigating unseemly bank cases. However, the latest scandal associated with the cartel collusion about the CDS, showed that Brussels (European Union) also woke up and began to get involved in a global game called “banking investigations”. By the middle of 2013, all the major state and supranational institutions of the West were involved in the dangerous game. This further complicates the understanding of the overall picture. The risk that the banking world from a state of "controlled chaos" will turn into a state of "uncontrolled corkscrew" increases with each passing month. However, it can be stated unequivocally that the cover-up struggle of two banking clans weakens the position of the once consolidated force, which was personified with the Federal Reserve System.
Of course, the “struggle of two banking clans” scheme is to some extent coarsening the real picture. A number of authors detail this scheme. For example, the Russian scientist Vladimir Pavlenko draws attention to the fact that inside the Rothschild clan there is a confrontation for the primacy between the English and French branches of the genus. Many authors rightly note that a number of world-caliber banks have lost their clear affiliation to a particular clan. For example, the same V. Pavlenko draws attention to some Wall Street banks, which are under the joint control of both world clans. For example, the bank JP Morgan.
Many analysts believe that in addition to the Rothschilds and the Rockefellers, there are other influential centers of interest in the world. For example, the Vatican. And not only and not so much as a spiritual and religious center, but precisely as the center of financial influence.
"Third Force" or a group within the clan?
We are used to the statement that bankers rule the world. However, the marked weakening of a number of banks from the core of the global financial system, according to some experts, can lead to the fact that force, power and influence will be intercepted by those who do not belong to the Rothschild clan or the Rockefeller clan. They can be called the "third force." This "third force" is associated primarily with representatives of the state apparatus of the United States, Great Britain and other Western countries, who are not directly dependent on modern money lenders. There is evidence of opposition to the banksters in the US state apparatus. So, David Wilcock talks about the anti-banking plot in America, which is being prepared by "US federal marshals." An example of the bold step of such “marshals” he calls the investigation launched against the bank Barclays about the manipulation of LIBOR rates. Wilcock points out that the investigation was launched by the Commodity Futures and Commodities Futures Commission, an independent agency under the Ministry of Justice. However, the Department of Justice is only a small part of the “third force” in the United States. The core of the opposition to the banking establishment D. Wilcock calls the US Department of Defense. The scandal caused by the revelations of Edward Snowden, has spawned many publications about the mood of the staff in the American secret services. The fact that the opposition domination banksters in the special services of America today, a lot, is confirmed. It can be assumed that there are even more of them in the Pentagon. In recent years, a number of senior Pentagon officials spoke out against US military adventures in different parts of the world. True, in their criticism the military did not go too far - they did not directly link these adventures with the financial and banking elite of America.
The discussion of the “spy scandal” also highlighted the problem of the relative autonomy of the US special services from the rest of the state apparatus and monetary authorities. In the strategic plan, the security services would like to play an independent role, to lead the "third force", hoping to include in its composition the military, as well as companies involved in the computer and communication business, information technology (primarily, Internet companies). The “third force” slogan is simple: information is money, power, and power. Having its people in all levels of US power, the “third force” intended to conduct a “soft” coup in Washington, sharply limiting the power of banksters in the United States. We are talking about plans to conduct a full audit of the Fed, restore the Glass-Stigoll law, toughen the Dodd-Frank law, and others. Moreover, the “third force” has a broad social base in the United States and around the world, given the growing public sentiments against the banks (recall the movement Occupy Wall Street ").
I think that already in the autumn of 2013 from the side of the “third force” strong blows against the banksters could follow. Most likely, in the near future we will hear about new revelations of banks and new scandals. At the new stage of history, the pressure of the “third force” on American banksters can go beyond purely legislative initiatives (legislative pressure). Serious investigations by the “federal marshals” (administrative-judicial pressure) can begin against Wall Street banks. Having trained on the European banksters, they can engage in a fierce fight with their own. Already this summer (in the midst of the “spy scandal”), a serious “hitting” began on the part of the Ministry of Justice, the Securities and Exchange Commission, the US Attorney General’s Office at the Bank of America. But this is probably the most "Rockefeller" bank. He is accused of unscrupulous and even fraudulent operations with mortgage securities on the eve and during the financial crisis of 2007-2009. So far, the pressure on the bank is “dosed” in nature, but at any moment it can be transferred to the category of universal scandal.
Here we must bear in mind that the Rockefellers (as opposed to the Rothschilds) are not just a banking clan. The Rockefeller Empire, in addition to the Wall Street banks, includes world-class oil companies and a military-industrial complex, to which hightech companies and numerous American intelligence agencies are adjacent. As already mentioned, the Rothschild clan does not constitute a single monolith, within it there is a constant struggle between individual branches, primarily English and French. The same can be said about the Rockefeller clan. Attempts to curb the greed of Wall Street banks in recent years have arisen not only under pressure from wide sections of society, but also as a result of discontent of a part of the American elite that is part of the Rockefeller Empire. This dissatisfaction has not yet resulted in the organization of high-profile scandals around those or other Wall Street banks. Rather, it is manifested in the continuous attempts to legally restrict the bank mayhem of Wall Street, which threatens the existence of American statehood. At the same time, the US congressmen and senators have already prepared preparations for more radical acts than those that have been adopted so far. For example, the act of complete liquidation of the Federal Reserve as an illegitimate structure or an act of the nationalization of private banks. These acts were discussed in the midst of the last financial crisis, but then gained a very modest number of votes in support. It is possible that the forces that David Wilcock called the “federal marshals” will be able, at last, to put under control the outdated financial oligarchy from the Rockefeller clan. However, in this case, in the banking world, the Rothschilds could be the masters of the situation ...
Behind the external unipolarity of the modern world (“Pax Americana”) hides the most acute contradictions of various groups of the world oligarchy. Sometimes these contradictions break out - including in the form of high-profile banking scandals. We assume that the avalanche of such scandals will increase, and it is likely that the notorious "controlled chaos" can then grow into uncontrollable elements ...