Guest Post by Martin Armstrong
The leaked files have revealed that about $US2.7 trillion in suspected dirty money moving through the global financial system. Because bankers are never prosecuted individually, they will do whatever they can without worry that they will ever be prosecuted and in the meantime, they get huge personal bonuses. If they get caught, the bank pays a fine not them personally.
Here the records show that the five main global banks, JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank, and Bank of New York Mellon, have continued to engage in these practices despite US authorities have previously fined these financial institutions for previous similar dealings in dirty money. As long as the shareholders pay fines and there is never any responsibility for the bankers personally, we should not be surprised by the continued dealings in money laundering.
As long as the New York Department of Justice and the Southern District of New York continue to protect the bankers personally, we will NEVER see and end to this practice. Why should we when the bankers keep their bonuses and the shareholders are the ones who have to pay the fines? Why do the prosecutors and judges allow this to go on?
The government is corrupt for prosecuting the bankers personally does not produce huge fines. It’s all about the money.
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Yeah sure, just like the Panama Papers which turned out to be another “limited hangout” engineered leak of financials.
Dude, you post some of the most off-the-wall batshit crazy stuff I’ve ever seen.
Yet you don’t believe that major financial institutions could be laundering money (with a sizable skim off the top, I might add)?
You leave me speechless.
Just Sayin’
I watched the Saturday special broadcast of “Warroom Pandemic” where the claim was made that China launders Billions with the help of US lackeys and some huge corporation called HNA.
It is becoming quite apparent that much of the Big Tech censorship and Dhimmicrat (dhimmitude to China) and RINO outrage over any regulation or sanctioning of China is because they are all bought and owned by the CCP.
ONLY that much? I’m sure if they look harder, they will find 10x that.
But I thought it was Bitcoin we needed to watch out for. So now it is regulah banks?
Shocked, I am shocked.
I read the original report published yesterday by Buzzfeed and ICIJ; it was a huge nothing burger. Absolute waste of time.
I took it as a “shot over the bow” type of release.
Nah, it was a far reach nothing burger. They hyped a big expose about a whole whooping 22,000 pages of info.
some of this $ laundering is a good thing–in the link there is info about the australian guy who sets up many of the shell companies that are used to launder $–an example given was a company used to funnel weapons to south sudan when they were fighting their civil war against sudan–
wasn’t s.sudan the good guy in that conflict?