This page has been archived and commenting is disabled.
Afghanistan Central Bank Head Flees To US
In what may be the most prophetic news of the day, we learn that the head of Afghanistan's central bank, Abdul Fitrat (what an oddly appropriate name for a central banker), has escaped the country, emigrated to the US and "isn't expected to return because he fears for his safety after investigating fraud allegations at the country's largest lender, according to two Western officials." It gets funnier. From the WSJ: "Mr. Fitrat said he left the country because his life had been threatened and that the Karzai government was refusing to prosecute those allegedly involved in fraudulent loans, the Associated Press reported. "My life has become completely endangered," he told the AP. "Since I exposed the fraudulent practices on April 27 in parliament I have received information about threats on my life." Mr. Fitrat's family lives in the Washington suburbs, and he has permanent resident status in the U.S., according to a person close to the banker." Surely, Mr. Fitrat had nothing to do with the $850 million in "suspect loans" made by Kabul Bank which is at the core of the scandal. After all, central banks are never involved in such things as massive money laundering schemes and fund flows that are respectable fractions of a host country's GDP. Oddly enough, when it comes to matters of central bank kleptocracy, we are willing to side with the position of the so called despotic domestic regime: "Mr. Fitrat "has escaped Afghanistan and is in the list of those responsible for wrongdoing at Kabul Bank," Mr. Karzai's spokesman Waheed Omer said on Monday. "This is not a resignation but [an] escape from legal implication of his having failed to act responsibly as the head of the Central Bank." Fear not, Mr. Karzai, we can assure you that when our own ponzi scheme unravels, you can be the host of our own central bank head. Then at some point, an exchange can be effected.
More from the WSJ:
"This is not a surprise given the immense pressure Fitrat was under and he didn't want to be a scapegoat," said a Western diplomat.
The Afghan government hasn't prosecuted any official in the Kabul Bank scandal, and has blamed regulators for the $850 million in suspect loans made by the bank.
Mr. Fitrat "wasn't sticking around Kabul to take the fall" for the Kabul Bank scandal, a U.S. official said.
During a news conference this year, Mr. Karzai also blamed the international community and its advisers to the central bank for the Kabul Bank crisis.
The IMF submitted a package of financial reforms in April—including winding down Kabul Bank—which have yet to be approved by Afghanistan, potentially putting billions of dollars of international donor money in jeopardy.
Once the plan is approved, the assistance program will be renewed and aid can flow from other countries.
"We take note of Governor Fitrat's decision to step down as Central Bank governor," said IMF spokesperson Raphael Anspach. "We look forward to continue discussing with his successor ways to improve the Afghan banking system in the period ahead."
If nothing else, this is a good reminder of the kind of responsible behavior one can expect from those who (even if symbolically) run the world's printing presses. And while everyone escapes to the US, which is the headquarters for the cartel, what happens when the cartel itself begins the process of dissolution. Where will they go next?
»
- 6899 reads
- Printer-friendly version
- Send to friend
- advertisements -
Where's ben gonna go when the shtf
Afghanistan, of course.
yes, definetely - as he needs a lot of poppy for printing inspiration.
I find it rather interesting that a central banker "fleeing his country after death threats for laundering money" finds freedom in the US. LMFAO!
The land of the free, home of the brave, where all the white-collar criminals can be protected.
God Bless Amerika.
South America.. TPTB have been buying up land there for quite some time..
all the fitrats will soon be fleeing the sinking ships with fitfulls of dollars.
Actually, where's obama, geithner & bernanke going to go. Here is another relevant example of the Exchange Stabilization Fund (ESF). Drug trade = profits, profits to be laundered thru Afghanistan's central bank. Cut of profits are siphoned off back to the ESF. Fitrat gets to close to TPTB & runs for cover to the USA. Why the USA? Best place for his protection & seclusion as a principle to the action.
Now a question for all you sleuths; why was obama so interested in Afghanistan? The prolonging of the war, the surge, hands off the poppy industry, et al... One reason; profits. Profits for his personal slush fund the ESF.
Ditto Mexico; no action will ever be taken on the southern US border. NEVER.
I doubt lot of people will get the joke about "fitrat" tyler :)
Central Bankster named Fiat ?
or a healthy rat, pick em
Why do you think youre so much more clever than everyone else, and no one else could get it?
ähem.. I do not get it. is it a rat which fits everywhere, which is kind of slick? Or a pretty rat, as 'fit' is slang for 'pretty'.... or a mis-spelled fiat rat, which points at creating money out of thin air? or all of that? or 'something completely different'?
Glenn Beck's going to do a special on it with a chalkboard and lots of arrows. He'll explain the real scoop.
Perhaps the west needs to revert to a more primitive tribal culture ............
Oh but you know, God, guns, gold and physical labour are just for neanderthals. NOT us tech-saavy neophytes today.
Enter the "this time it's different" cheerleaders...
what, even more primitive?
Wait, my way of calculating how primitive a culture is goes like this:
Primitive Culture = war without end = 100%
Evolved Culture = peace between wars = war taxation & fiat money printing only during wars = from 0% to 99%
How much do you give us?
It appears Financial war without end has creeped into the tiny crevice between both, its certainly a cheaper extraction method.
Primitive culture was NOT war without end.
I know they teach that in school, but it is propoganda. Really.
"we can assure you that when our own ponzi scheme unravels, you can be the host of our own central bank head."
When is this going to happen? I have been waiting four years. One gold coin to anyone who can give me a reasonable timeframe (+ or - three months) as to when this great lie unravels!
Cannot give you a timeframe but you can be sure about one thing:
The name will not be Bernanke (or differently expressed all the pundits in charge now will be somewhere on a private island when the outbreak comes)
japans been at it for 20 years... so 20 years, assuming nuclear armegeddon
.
less if the older US citizens get their money and connections together and put a stop to 'the system'.... lol
3 weeks, + or - a couple weeks, according to Max Keiser anyway.
Yeah.. well.. depends on how you look at it.. I think it's been unraveling since 2001.. and hit second gear in 2008.. Probably hit 3rd gear around Sept/Oct.. What's next is any one's guess..
Sorry, I lost my "soothsayer" wings in the Dot-Com debacle (too bad I didn't understand economics back then). But, if you do understand economics then you know that the future is always uncertain, but that one can predict the ultimate course of the economy due to certain actions, all of which are ever-changing. As for timing, if ANYBODY knew that with complete certainty, then I assure you that they would have better things to do than comment on ZH.
All that anybody can say is that if current actions continue, then most assuredly much capital will be wasted, the purchasing power of currencies will decline, and that the system will not be able to sustain itself under such conditions of price distortions. When all of this will ultimately come to a head is anybody's guess, but just so long as you understand the movements then you can come out on top. Sure, there will be inverse action when QE2 ends, but you already know that the printing will continue soon afterward (it will more than likely be the new excuse)- plan accordingly.
It will be tough to make it to Nov. 2012. Small debt ceiling raise (<500 billion) may kick the can till the election, along with some form of QE to keep Tbonds liquid. Continued reserve currency status of the dollar is the tipping point. WW3 would be the end result of concerted effort to collapse US economy by ending our print to prosperity economic plan. I don't think TPTB will go down without a big fight.
he will bring it with him. Like all those who follow.
Bring it with him, just like the US is supposed to spread democracy in Afghanistan.
Funky situation, the US forced to protect one guy from the Afghan government that is supported and enabled by the US. Laughable.
Such is the US world order.
Oh...oh...pick me. They go to a newly purchased Greek island?
My money's on Switzerland
like Alien movie when babies are going back to Mother Alien before everything explode
"We take note of Governor Fitrat's decision to step down as Central Bank governor," said IMF spokesperson Raphael Anspach. "We look forward to continue discussing with his successor ways to improve the Afghan banking system in the period ahead."
Looks like he is out of the "club."
I'm sure his successor will get a version of updated rules by which he will play.
I give up. How much gold did he take with him?
maybe he just took a keyboard with him - as he is used to create money with a keystroke. There will be a bad awakening when he realizes it does not work abroad.
Gold ?
Isn't there $8B cash missing ?
Does he know how to operate a laser printer? If so, I'm sure Bernanke can find some use for him.
Antarctica?
this guy puts the "tr" in "fiat"
Send that fucking banster back - we have enough of our own. Why Flee here? Why would we take him in?
We keep taking trash like him into our country and we wonder why we having problems.
To keep him quiet about certain...ahem...domestic entanglements that might lead back...ahem...to another central banker that may or may not already reside in the US...of course.
New Statue of Liberty inscription:
If he brought enough blow with him, he can have a seat at one of the Fed's Primary Dealers on the Board of Directors.
Central banker named fiat...and...he is a Fit Rat.or....a Fat Cat.
Abdul Fitrat definitely has the drop on Bernanke with that look. Old Ben has something to learn from this guy. After all, if you are going to be the biggest criminal on the face of the planet, then look the part.
The transformation in Fat Cat will only proceed in the US. In Afghanistan, too many untamed cattle, one has to stay fit as one might have to run, the cattle might turn wild and fierce any time any day.
In the US, fat cat is good, fat cats only have to stretch a pawl to feed themselves. So they grow fat. And they do not need to run. So fat is an advantage.
tyler, whats the approximate eta for our unravel? years or decades?
USA next after Greece put into full austerity, according to Keiser.
So 'weeks' not years or decades.
Unravel? The system is working as it has for the last 10000+ years.
The predators eat the prey. Just because the currencies change colors doesn't mean the really really really savyy sociopaths aren't going run the next government.
dont ever trust anyone who wears sunglasses indoors
http://www.youtube.com/watch?v=4vR-9NQAPIA
I like the photo on the post, myself. Reminds me of someone for some reason....
http://www.youtube.com/watch?v=iesXUFOlWC0&feature=related
The FitRat runs to world bankster crook safe haven...USA. So fitting for the rat. Probably with Bernank and Timmah right now drinking Patrone and viewing the young boy prostitute catalog for later tonite.
I wonder if he knows anything about the Pentagon's missing trillions??
Any bets on how fast he is hired by GS or JPM?
Two possibilities here:
1. He is an honest guy who blew the whistle on the banksters and government criminals; or
2. He is a thief who has absconded with the gold.
I lean toward #1 or he would have headed to Switzerland instead of DC.
"I don't know, but I've been told, its hard to run with the weight of gold, on the other hand I've heard it said, its just as hard with the weight of lead"
BIRDS OF A FEATHER FLOCK TOGETHER!
Why didn't Fitrat flee to Brussels, home of the brave? I am deeply depressed.
You gotta hand it to them sociopaths, they sure know how to loot a country.
(The look, is... totally Central Bankster / mobster too. Nice touch).
He looks like that other crook, Zara Ahmed Muqbel, head of the Afghan anti-narcotics ministry (That's a joke by itself). This is what happens when the Americans (Sorry, NATO as well) take over your country: You get a puppet who lets foreigners bomb your people, you become the World's largest producer of heroin, you become the money launderer of choice for the CIA, and you end up throwing away almost a billion dollars to "mysterious" entities. This shit has been going on since before Cambodia and it doesn't matter how many times it happens, the real crooks in Langley never get caught, they just get promoted to US Secretary of Defence.
It's all about timing. BHO announcing "The troops are coming home" and Fitrat realising nobody is going to protect him any longer.
Better bail-out first and seek shelter amongst his friends at DC and let his US cronies (ermmm,officials) do the talking for him.
LMAO
looks like the robo junker checked out at 4:30
Fit - rat.
haha
Or...FI-tr-AT.
Either one - VERY ODDLY APPROPRIATE!
I was thinking F I _ _ A T...
Both prophetic and funny . . . nah, make that hilarious! Great story.
lmao
10 years of AmeriKKKlansmem blood and Fiat down tge drain!
Can't wait for the collapse.
So, your point about Afghan corruption is what???
recessive klingon gene alert!
Great! Afghanstan needs an new Central Bank Chairma!. This is a great opportunity to do a central bank leadership swap! Benanke has done such a fine job in the US, is now time for him to move on to a place that really needs his expertise. Please send Benanke to Afganstan, ASAP!
So Afghanistan is short one CB.
Maybe i should apply. Really how hard can it be to coordinate the print button and mumbling about confidence.
Imagine, a canuck, a chick and a yid, all in one.
That is diversity.
Be very careful what you wish for; these boyz are big league heavy hitters. Remember you will need a cadre of body guards if you join the "club."
I wonder if he knew about this evenings hotel attack in Kabul?
Looks like it was a smart move as insurgents ramp things up.
http://www.cnn.com/2011/WORLD/asiapcf/06/28/afghanistan.kabul.attack/ind...
You'd think that when the President's brother gets caught with $52,000,000 in hand luggage (lots of PAs, apparently), you'd have suspected that not everything was kosher.
p.s.
The addiction to bad puns, bad alliterations and bad (groantastic) metaphors in all of these shysters is getting irksome. No, it doesn't mean you're clever, yes, it does mean you are easily amused. [That's to the handlers of Mr. "Fitrat" and numerous other recent examples - grow up, it is behaviour not seeming of a second molt].
Abdul Fit Fat Fiat Rat ? We have probably been financing the Taliban, Al Quaeda and Iran's centrifuges ! We already gave nuclear fuel rods to North Korean ! We have the best friends and enemies fiat can finance ! Monedas 2011 History will be kind to societies with high bathroom science ! Monedas Phd BS.....Doctor of Bathroom Science !
"Fear not, Mr. Karzai, we can assure you that when our own ponzi scheme unravels, you can be the host of our own central bank head. Then at some point, an exchange can be effected."
Nuff said.
Bang Dae Fitrat
The fit rat is the first to desert the sinking ship.
New tongue twisters:
Fitrat wrote fat writs for fiat
Fitrat ferreted out frittered fiat - feared fetters - and fretted
Press conference in sunglasses? I fucking knew we were in the Matrix...
And with my right hand raised, I solemnly swear to tell the truth or a lie, the whole truth or part of it or none of it, and nothing but the truth or something else, so help me Allah.