Difference between revisions of "Bank"

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{{concept
 
{{concept
 
|wikipedia=https://en.wikipedia.org/wiki/Bank
 
|wikipedia=https://en.wikipedia.org/wiki/Bank
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|constitutes=industry
 
|image=Bank.png
 
|image=Bank.png
 
|image_width=166px
 
|image_width=166px
 
|sourcewatch=http://www.sourcewatch.org/index.php/Bank
 
|sourcewatch=http://www.sourcewatch.org/index.php/Bank
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|description=A company or institute where people store their money or assets. Banks often launder your money with [[criminals]].
 
}}
 
}}
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A [[Bank]] is a financial institution.
 
==Official narrative==
 
==Official narrative==
 
Banks provide financial services and products which people and companies need. They have been given the right to produce money from thin air by governments, who cannot be trusted with this power.
 
Banks provide financial services and products which people and companies need. They have been given the right to produce money from thin air by governments, who cannot be trusted with this power.
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==CIA Banks==
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The [[Bank of Credit and Commerce International]] or [[BBCI]] was a financial organisation which was protected and used by the [[CIA]]. [[Kevin Ryan]] summarised it as a "[[CIA]]-linked terrorist financing network".<ref name=kuwamss>http://digwithin.net/2012/02/24/kuwam-and-stratesec-directors/</ref> [[Peter Dale Scott]] wrote in ''[[The American Deep State]]'' that it is "clear that throughout the [[1980s]] the [[American deep state]] in Washington was involved with BCCI and protected it."<ref name=ads29>''[[The American Deep State]]'', [[Peter Dale Scott]], p. 29</ref>
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==2008 Crisis==
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The Global Financial Crisis, also known as the [[2008 Financial Crisis]], was systemic event that shook the global [[financial system]] during the period from mid-[[2007]] to late-[[2008]].
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Many financial institutions (including [[Goldman Sachs]], [[Bear Stearns]] & [[Lehman Brothers]]) that had been responsible for precipitating the crisis were labeled as "too big to fail" by Treasury Secretary [[Henry Paulson]]<ref>https://www.sfgate.com/news/article/Feds-take-control-of-Fannie-Mae-Freddie-Mac-3270123.php</ref> and were provided emergency funding in the [[Bailout|billions of dollars by American tax payers]] via the [[Emergency Economic Stabilization Act of 2008]].
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This event saw the vertical integration of many financial institutions by [[JP Morgan Chase]] as many failing financial institutions were bought up by the company.<ref>https://www.usatoday.com/story/money/economy/2018/09/14/jamie-dimon-jp-morgan-memo-actions-financial-crisis/1304253002/</ref>
  
 
==US Safety deposit boxes==
 
==US Safety deposit boxes==
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{{YouTubeVideo
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|code=d-pKBKty-rE
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|align=left
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|width=300px
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|caption= What's So Bad About Big Banks? - ''NowThis Originals''
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}}
 
"There are an estimated 25 million safe deposit boxes in America, and they operate in a legal gray zone within the highly regulated banking industry. There are no federal laws governing the boxes; no rules require banks to compensate customers if their property is stolen or destroyed."<ref>https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html?searchResultPosition=2</ref>
 
"There are an estimated 25 million safe deposit boxes in America, and they operate in a legal gray zone within the highly regulated banking industry. There are no federal laws governing the boxes; no rules require banks to compensate customers if their property is stolen or destroyed."<ref>https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html?searchResultPosition=2</ref>
  
 
==Funding for "terrorism"==
 
==Funding for "terrorism"==
Widely reported to promote "[[terrorism]]",<ref>https://www.indymedia.org.uk/en/2016/01/524024.html</ref> to profit from [[money laundering]], banks are also recported to be reliant upon the [[illegal drug trade]].{{cn}}
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Widely reported to promote "[[terrorism]]",<ref>https://www.indymedia.org.uk/en/2016/01/524024.html</ref> to profit from [[money laundering]], banks are also recported to be reliant upon the [[illegal drug trade]].<ref>https://www2.gwu.edu/~iiep/assets/docs/papers/2019WP/WilliamsIIEP2019-5.pdf</ref><ref>https://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs</ref>
{{SMWDocs}}
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==2023 Banking crisis==
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{{YouTubeVideo
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|code=YXTXNzyOMCk
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|align=right
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|width=
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|caption= Why Wealthy Americans Love UBS, The Secretive Swiss Banking Giant - [[CNBC]]
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}}
  
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[[Silicon Valley Bank]] recorded an increase of its deposit holdings during the COVID-19 pandemic, when the tech sector experienced a period of growth. In 2021, it purchased long-term Treasury bonds to capitalise on the increased deposits. However, the current market value of these bonds decreased as the Federal Reserve raised interest rates to curb US inflation surge that started after the [[Covid-19 lockdown]] and was further stimulated by the [[oil]] price hiking caused by Russian [[sanctions ]]and sanctions against Russia.<ref>https://www.wsj.com/articles/silvergates-story-is-about-fundamentals-not-just-crypto-30f08fc6</ref>
  
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Signature Bank fell after a steep fall of [[crypto]] money in the accounts.<ref>https://www.wsj.com/articles/signature-bank-is-shut-by-regulators-after-svb-failure-a5f9e0f7</ref>
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In March 2023, [[Credit Suisse]] was taken over by its larger rival [[UBS]] in a deal worth more than $3 billion.<ref>''[https://www.wsj.com/articles/ubs-offers-1-billion-to-take-over-credit-suisse-bfac51fa "UBS Agrees to Buy Credit Suisse for More Than $3 Billion"]''</ref>
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UBS sealed the takeover in less than three months, a tight timetable given its scale and complexity, in a race to provide greater certainty for both clients and employees.
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The deal, however, exposed two myths created by the [[ccm]] in the [[2010s]] - namely, that Switzerland is a steady, predictable investment destination and that banks' problems would no longer hit taxpayers.
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"It was supposed to be the end of too-big-to-fail and state-led bailout," according to Jean Dermine, professor of banking and finance at [[INSEAD]], adding that the episode showed this central reform after the 2008 global financial crisis had not worked.
  
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{{SMWDocs}}
 
==References==
 
==References==
 
{{Reflist}}
 
{{Reflist}}
{{Stub}}
 

Latest revision as of 19:24, 17 December 2023

Concept.png Bank 
(industrySourcewatchRdf-entity.pngRdf-icon.png
Bank.png
Interest of• Bronson Cutting
• Pierre Jovanovic
A company or institute where people store their money or assets. Banks often launder your money with criminals.

A Bank is a financial institution.

Official narrative

Banks provide financial services and products which people and companies need. They have been given the right to produce money from thin air by governments, who cannot be trusted with this power.

CIA Banks

The Bank of Credit and Commerce International or BBCI was a financial organisation which was protected and used by the CIA. Kevin Ryan summarised it as a "CIA-linked terrorist financing network".[1] Peter Dale Scott wrote in The American Deep State that it is "clear that throughout the 1980s the American deep state in Washington was involved with BCCI and protected it."[2]

2008 Crisis

The Global Financial Crisis, also known as the 2008 Financial Crisis, was systemic event that shook the global financial system during the period from mid-2007 to late-2008.

Many financial institutions (including Goldman Sachs, Bear Stearns & Lehman Brothers) that had been responsible for precipitating the crisis were labeled as "too big to fail" by Treasury Secretary Henry Paulson[3] and were provided emergency funding in the billions of dollars by American tax payers via the Emergency Economic Stabilization Act of 2008.

This event saw the vertical integration of many financial institutions by JP Morgan Chase as many failing financial institutions were bought up by the company.[4]

US Safety deposit boxes

What's So Bad About Big Banks? - NowThis Originals

"There are an estimated 25 million safe deposit boxes in America, and they operate in a legal gray zone within the highly regulated banking industry. There are no federal laws governing the boxes; no rules require banks to compensate customers if their property is stolen or destroyed."[5]

Funding for "terrorism"

Widely reported to promote "terrorism",[6] to profit from money laundering, banks are also recported to be reliant upon the illegal drug trade.[7][8]

2023 Banking crisis

Why Wealthy Americans Love UBS, The Secretive Swiss Banking Giant - CNBC

Silicon Valley Bank recorded an increase of its deposit holdings during the COVID-19 pandemic, when the tech sector experienced a period of growth. In 2021, it purchased long-term Treasury bonds to capitalise on the increased deposits. However, the current market value of these bonds decreased as the Federal Reserve raised interest rates to curb US inflation surge that started after the Covid-19 lockdown and was further stimulated by the oil price hiking caused by Russian sanctions and sanctions against Russia.[9]

Signature Bank fell after a steep fall of crypto money in the accounts.[10] In March 2023, Credit Suisse was taken over by its larger rival UBS in a deal worth more than $3 billion.[11] UBS sealed the takeover in less than three months, a tight timetable given its scale and complexity, in a race to provide greater certainty for both clients and employees. The deal, however, exposed two myths created by the ccm in the 2010s - namely, that Switzerland is a steady, predictable investment destination and that banks' problems would no longer hit taxpayers. "It was supposed to be the end of too-big-to-fail and state-led bailout," according to Jean Dermine, professor of banking and finance at INSEAD, adding that the episode showed this central reform after the 2008 global financial crisis had not worked.


 

Examples

Page nameDescription
Allen & CompanyA very discreet banking company that arranges the annual Sun Valley Conference. A front for key globalist interests.
Banca Nazionale del LavoroBig Italian bank
Banco AmbrosianoA bank connected to P2, no doubt used for various illicit purposes.
Banco Espírito Santo
Bank Zachodni WBKForeign-owned Polish bank
Bank of AmericaSecond biggest bank in the US
Bank of MontrealLarge Canadian bank. Several executives have attended Bilderberg meetings.
Bank of Scotland
Banque Havilland
Banque WormsInfluential French bank, especially at the beginning of the 20th century and during WW2. Major part of the deep state banking and industrial cartel the Synarchist movement
Basel Committee on Banking Supervision
Brown Brothers HarrimanSpooky bank that helped Fritz Thyssen finance Adolf Hitler
CenTrust BankControlled by Bank of Credit and Commerce International. Drug money laundering etc...
Central bankControllers of currency creation, and therefore the seigniorage profits from the interest system.
Chase Bank
Chase ManhattanPredecessor institution to the current JPMorgan Chase. Rockefeller family.
Citibank
CitigroupUS bank, promoting "going cashless"
Coutts BankBritish private bank with exclusive customer base
Credit SuisseBig bank and asset manager
Deutsche BankGerman bank
Drexel Burnhaminvestment bank with unethical and sometimes illegal practices, even by Wall Street standards
Edmond de Rothschild Group
European Bank for Reconstruction and Development
Export–Import Bank of the United StatesA spooky bank, central in US power projection around the world
Indian Springs State BankKansas bank which went bankrupt after being looted by CIA-connected airline owner Farhad Azima
Inter-Alpha Group of BanksA banking cartel created in 1971 by six banks in the European Community, directed from London by Sir Jacob Rothschild
JPMorgan ChaseA multinational banking and financial services holding company. Deep state power for more than a century.
Kaupthing BankIcelandic bank where the government did not guarantee for assets in branches abroad.
Lazard LtdBig money sponsor of the WEF/Young Global Leaders
Lehman BrothersThe bank which collapsed in 2008, resulting - according to the official narrative - in the Global Financial Crisis.
Mastercard
Morgan Stanley
N M Rothschild & Sons
National Bank of Greece
Nordea
Nugan Hand BankCIA front used to launder heroin money and fund the 1975 coup in Australia
PayPalOnline payment website
Private bank
Private-equity firmPredatory "Buyout firms"
Rabobank
Riggs BankA bank used by the CIA and other deep state actors for various illicit purposes.
S. G. Warburg
Standard Chartered
Toronto-Dominion BankOne of the big 5 Canadian banks. People connected to it have a Bilderberg habit.
UBSSwiss bank many employees of which reportedly suffered a premature death.
Vatican Bank"The Most Secret Bank In the World" that has used "sovereign immunity" in court.
WachoviaA now defunct bank sold after the Cocaine One drugs bust.
World Bank
World Finance Corporation

 

Related Quotations

PageQuoteAuthorDate
Josef AckermannMaybrit Illner: Mr. Ackermann, you are also head of the International Banking Federation. Couldn't you just have made such a demand to all your colleagues who came out of this crisis really clean?

Josef Ackermann: I think the same would have happened to me as it did to Mr Herrhausen. [...]”
Josef Ackermann
Maybrit Illner
13 May 2010
George Carlin“Now, to balance the scale, I'd like to talk about some things that bring us together, things that point out our similarities instead of our differences. 'Cause that's all you ever hear about in this country. It's our differences. That's all the media and the politicians are ever talking about—the things that separate us, things that make us different from one another. That's the way the ruling class operates in any society. They try to divide the rest of the people. They keep the lower and the middle classes fighting with each other so that they, the rich, can run off with all the fucking money! Fairly simple thing. Happens to work. You know? Anything different—that's what they're gonna talk about—race, religion, ethnic and national background, jobs, income, education, social status, sexuality, anything they can do to keep us fighting with each other, so that they can keep going to the bank! You know how I define the economic and social classes in this country? The upper class keeps all of the money, pays none of the taxes. The middle class pays all of the taxes, does all of the work. The poor are there just to scare the shit out of the middle class. Keep 'em showing up at those jobs.”George Carlin
Corporate media/Logic“Now, to balance the scale, I'd like to talk about some things that bring us together, things that point out our similarities instead of our differences. 'Cause that's all you ever hear about in this country. It's our differences. That's all the media and the politicians are ever talking about—the things that separate us, things that make us different from one another. That's the way the ruling class operates in any society. They try to divide the rest of the people. They keep the lower and the middle classes fighting with each other so that they, the rich, can run off with all the fucking money! Fairly simple thing. Happens to work. You know? Anything different—that's what they're gonna talk about—race, religion, ethnic and national background, jobs, income, education, social status, sexuality, anything they can do to keep us fighting with each other, so that they can keep going to the bank! You know how I define the economic and social classes in this country? The upper class keeps all of the money, pays none of the taxes. The middle class pays all of the taxes, does all of the work. The poor are there just to scare the shit out of the middle class. Keep 'em showing up at those jobs.”George Carlin
Bronson Cutting“The fight against the abolition of the credit power of private banks will be a savage one, for their power as a unit is without equal in the country. Knowing this is why I think back to the events of March 4, 1933, with a sick heart. For then, with even the bankers thinking the whole economic system had crashed to ruin, the nationalization of banks by President Roosevelt could have been accomplished without a word of protest. It was President Roosevelt’s great mistake. Now the bankers will make a mighty struggle.”Bronson Cutting
Jörg Haider“What we need is protection from ruinous products, because in reality the banks are a giant mafia which has poisoned the whole world with these products. Everything was transported away from America so to speak and today nobody wants to be responsible. It will be played out again at the expense of the little man, he will lose jobs, he will lose his income. The big men are certainly not going to be punished.”Jörg Haider2008
IGO“Well after Argentina went bust in 1991 it offered most of its creditors about thirty-five cents on the dollar. About ninety percent of these people accepted that but some of them didn't and they tried to sue the bank In Switzerland because that's where its headquarters, but the Swiss courts and I think also the Swiss Federal Council have said that the bank is founded by an international treaty. It is inviolable: it cannot be sued.”2018
Regulatory capture“Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, and the ever-more common practice among regulators of leaving their government jobs for much higher paying jobs at the very banks they were once meant to regulate. Wall Street's regulators are people who are paid by Wall Street to accept Wall Street's explanations of itself, and who have little ability to defend themselves from those explanations.”Michael LewisSeptember 2014
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References