- Prison Planet.com - http://www.prisonplanet.com -

Regulators Confirm The Mega Banks ARE Robbing Your Pension Funds

Posted By admin On August 5, 2013 @ 2:39 am In Money Watch | Comments Disabled

Anthony Gucciardi
Prison Planet.com
August 5, 2013

In another case of ‘conspiracy’ confirmed as reality, US regulators are now revealing various documents and call logs detailing initiatives by the world’s mega banks to rig interest rates in order to rake in millions at the expense of legitimate businesses and pension funds.

And once again, the media is acting as if this revelation is truly inconceivable and unexpected. As it turns out, however, reports now [1] confirm what we have known for decades: that the mega banks are in fact gutting the economy in order to squeeze as many greenbacks as possible from the last breathe of our financial infrastructure. It’s essential to remember that, as Bloomberg [2] revealed in an attempt to obtain alternative news readers and latch on to some form of credibility, these mega banks are already receiving $83 billion from taxpayers [3] each year.

WALL STREET FUNDING DRUG CARTELS WITH TAXPAYER INCOME

What’s amazing is the blatant and audacious nature of these mafia bankers, who are confident they can continue to siphon our cash without consequence.

But before we even get into the once again blatant siphoning of finances from pension funds and legitimate businesses, you should also be reminded where this cash is then funneled. As it turns out, the mega banks turn to Mexican drug cartels [4] and known terrorists inside the United States in order to generate massive profits on their investments. A reality that has even been reported on by mainstream media outlets and buried within the ‘miscellaneous’ news categories with very low visibility.

NBC News, for example, has covered [5] the admission that mega banks like HSBC are indeed funding Mexican drug cartels that continue to pump drugs into the United States. So much for the phony drug war, huh?

BANKERS ROB PENSION FUNDS, REAL BUSINESS FINANCES

These are the colossal corporations we are now entrusting to regulate and control our economy, and then we wonder why they’re obliterating the pension funds. We have given the banks the role of regulating the premiere benchmark for interest-rate derivatives. Known as ISDAfix, documents now [6] being ‘investigated’ by the Commodity Futures Trading Commission (CFTC [7]) explain how Wall Street bankers went in and worked with various brokers in order to alter this benchmark rate of the industry in order to profit.

Bringing down others in the process, the Wall Street sharks were on record in e-mails and phone calls discussing plans to make loads of cash on derivatives trades by altering ISDAfix rates in their favor. After all, they knew what would happen to the rates they were controlling. This is, by the way, extremely illegal and specifically prohibited in the 2010 [8] Dodd-Frank Act. And guess what, the whole gang is involved.

In fact, the banks now being investigated for robbing pensions via the rigging of interest benchmarks now include:

  • Bank of America Corp
  • Barclays
  • Citigroup
  • Goldman Sachs Group Inc
  • HSBC
  • JPMorgan Chase & Co.
  • Wells Fargo & Co.
  • Royal Bank of Scotland
  • And several others

As always, the usual suspects are up to their consistent game of looting the economy for their own gain. The usual banking mafia that operates under the love of money, power, and absolute deception. The purest form of absolute corruption there is in the whole system today.

Originally appeared at Story Leak [9].


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/regulators-confirm-the-mega-banks-are-robbing-your-pension-funds.html

URLs in this post:

[1] reports now: http://www.bloomberg.com/news/2013-08-02/swaps-probe-finds-banks-manipulated-rate-at-expense-of-retirees.html

[2] Bloomberg: http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html

[3] $83 billion from taxpayers: http://www.storyleak.com/taxpayers-funding-mega-banks-83-billion-annually/

[4] turn to Mexican drug cartels: http://www.storyleak.com/nbc-report-bankers-fund-drug-cartels-terror-groups/

[5] has covered: http://www.nbcnews.com/business/report-hsbc-allowed-money-laundering-likely-funded-terror-drugs-889170

[6] documents now: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10219333/US-regulators-find-evidence-of-banks-fixing-derivative-rates.html

[7] CFTC: http://www.cftc.gov/index.htm

[8] in the 2010: http://www.sec.gov/spotlight/dodd-frank/speccorpdisclosure.shtml

[9] Story Leak: http://www.storyleak.com/

[10] Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash: http://www.prisonplanet.com/failed-banks-may-get-pension-fund-backing-as-fdic-seeks-cash.html

[11] Portugal raiding pension funds could be sign of things to come in U.S: http://www.prisonplanet.com/portugal-raiding-pension-funds-could-be-sign-of-things-to-come-in-u-s.html

[12] Europe starts confiscating private pension funds: http://www.prisonplanet.com/europe-starts-confiscating-private-pension-funds.html

[13] Fed to Steal State Pension Funds: http://www.prisonplanet.com/fed-to-steal-state-pension-funds.html

[14] The New Tax Man: Big Banks and Hedge Funds: http://www.prisonplanet.com/the-new-tax-man-big-banks-and-hedge-funds.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.