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Where Europe's Million-Earning Bankers Can Be Found
The chart below showing where Europe's wealthiest earning bankers can be found should come as no surprise.
... Especially to those who recall this chart from a few years back.
And some commentary from Bloomberg:
The number of bankers in the European Union who earned at least 1 million euros a year rose 11 percent in 2012, the EBA says, as bonuses exceeded caps set to take effect next year. The U.K. accounted for 77 percent of the 3,529 bankers paid at least a million, while Germany and France accounted for 6 percent and 5 percent, respectively.
As for the US, well that's what the Fed's wealth effect is for.
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money for nothing... what a racket.
I actually thought ZH was going to post addresses.
"A more wretched hive of scum and villainy you will never find. We must be cautious."
"We should be humbly thanking the super-rich, not bashing them. As well as creating jobs and giving to charity, the wealthy should be hailed as Tax Heroes
"- Boris Johnson
http://www.telegraph.co.uk/comment/columnists/borisjohnson/10456202/We-should-be-humbly-thanking-the-super-rich-not-bashing-them.html
So the debt tied to UK financial institutions is about the size of US GDP?
Do the Brits have an anti-drone drone?
If not,...........
The British government are the biggest banker -huggers in the world.
Is the City of London really part of the UK though?
Like saying the Vatican is part of Italy.
Its just more obvious at the Vatican as their cops are still wearing 400 year old fashion.
When you are in London and you see the red and white checkerboard appear on the cops, you know,....
THE RULES DON"T APPLY HERE!
the Vatican is defined by the Lateran Treaty. The City has no treaty and pre-dates legislation. It could be brought to heel if someone wanted but it exists just like the Camorra and other Mafiosi because politicians choose to let it
But instead, "The City" brings the whole country to heel.
You have it a bit ass backwards.
You don't need a treaty when you already own and control everything.
perhaps ZH should ask Nigel Farage? he was made a Fellow of the City of London, to enjoy it's Freedom Of The City (which includes some immunities from the City Police. oh, and the Right to Drive Cattle Over The Bridge. no kidding)
interesting how the Vatican and The City of London Corporation are so often confused with each other and misunderstood, to boot
is that pré-tax?
Those UK bankers rape & pillage better than anyone else in the world, but they do it in such dignified manner.
Btw, fuck you Blythe Masters.
So the bankers are British ethnically and culturally, and Christian, in the religious sense? Because I could have sworn... That these bankers merely live and work in Britain (and have for hundreds of years).
I guess my question is, are they 'UK bankers' or is there another term (that will get you deemed anti-semitic) that is more fitting?
here a prime example of a City Banker: Kweku_Adoboli
quoting the City of London Police: "This was the UK's biggest fraud, committed by one of the most sophisticated fraudsters the City of London Police has ever come across."
They have the fewest rules also....easy to cheat and not get caught..but you get a bonus if you do
Well with all the parasites located in the UK a great service could be done for the world in nuking the UK.
As long as you spare the north and county durham I'll be fine with that.
Apart from Darlington. Nuke that fucker as much as you like. Might make it look better.
950% debt to GDP.....this shit could go on forever.
Household debt still avg 110% across the board.
All one needs to know...
Absolutely, bankers get money for nothing. Though they will think they are so important, in reality they are just scabs stealing money.
You will read those exact sentiments on this site from time to time. "I worked 10 hours a day, damn it! Its only my bosses that are crooked. I earned my pay."
Indentured servitude brought to you through private debt that always has to be repaid - when it is impossible to repay even the interest.
Hopeless in a world that has never been more abundant. Long way to go yet?
God Save the Queen.
Tea and Crumpets anyone?
Her Majesty loves Feudalism
PS: Amerika is way behind. Chop Chop , get the Feudalism going at a faster pace
Funny how we focus on Europe, Japan and the English speaking countries. I'll bet there are quite a few thieves in China these days.
As the time approaches where it will be every man for himself this is a surprise?
Thieves, communists, one in the same.
Er...I'm shocked? I've walked past Liverpool St., then more recently Canary Wharf most of my working life and London has been the financial capital of Europe (before that, the world) for a couple of centuries. Dishonesty, fraud, conflicts of interest, schemes behind schemes, shadowy (frankly absurd) clubs and organisations that have the facade of respectability, as well as those poor souls that still hold a candle of hope that they are in an honorable profession. - they are all part and parcel of the City.
We have a Goldman alumni as the governor of the Bank of England. That's all you need to know about how fucked we are as a nation.
I have a couple friends who recently visited London. They said the entire country is just plain pissed off. Pissed off enough to do something?
We can talk about the US Constitution getting torn apart here, but from what I read the people of the UK have been eating buckets of shit for years.
"...the people of the UK have been eating buckets of shit for years"
Correct. Hundreds of years in fact.
We have never had a proper system of accountable democracy that is worthy of the name (it's often been called an "elected dictatorship"), and we've never had a proper written Constitution.
All of that would be tolerable if those who get into power had a clue what they were doing and weren't corrupt to the core.
Yes, we're subjects rather than citizens. Subjects. And we've been subjected to rather a lot.
It's beyond time that we had a new Republic, but most of the knuckle dragging cleft forehead shaved ape ignorant bastards that live here aren't worth saving.
But... You've got 'the Royals'! Who understand that perception is all that matters, and as a result, they take part in as many elaborate rituals, marches, procedures, photo ops, possible. I saw a soccer game on TV this weekend, where they showed 'Prince' William, where they swore he was a 'staunch Aston Villa supporter', because 'he's got both the jacket and the scarf.'
Oh me, oh my.
"You've got 'the Royals'!"
You're right, we have. All the way from Germany: https://www.royal.gov.uk/historyofthemonarchy/kingsandqueensoftheunitedk...
As for William's staunch support for A/V, sure and I love watching rugby.!!!
Indeed. It's easy to understand why the Left in Britain have never wanted any change because they are deeply committed to "total government" and any sort of Constitutional Republic would be anathema to them.
But we also find that the phony Right in Britain (Conservatives) don't want any such thing either.
Truth is, we have two socialist parties, the Left cheek and the Right cheek, with the LibDems groping around somewhere in between.
That G10 debt distribution always make me laugh.
1. It lists "Europe" as a country
2. Why the fuck are Norway and New Zealand shown on there? Neither are in the G10.
3. Why are Germany, Belgium, France, and Italy not shown?
Belgium?
Yes, Belgium
I see, Belgium is part of the G10 for some obscure reason I don't understand. You learn something new every day...
Very funny since all the UK banksters came from the US during the big bang.....
The day will come when
Lenders will end up in the blenders
Bankers will head for the bunkers
Savers will all be at the mercy of shavers
Politicians will be in the hands of morticians
Seriously though, the gutting of manufacturing and the inflation of the banking sector has been going on for quite ome time, don't tell me we needed this article to comprehend that.
The article simply reminds us that lendng money to each other cannot make us rich.
Would anyone expect anything else? The autonomous CITY OF LONDON has been the fiat banking capital of the world for centuries.
I suspect that tax havens being mostly located in British jurisdictions might have something to do with this situation.
In Cyprus the remuneration of accountants and others involved in banking beggared belief until the collapse.
It is true that the City of London retained it's independence from the crown in the Magna Carta. Cities are old. Very old. Nation states are merely a hypothesis in comparison.
The City of London regards other people as a different species.
Most bankers are happy for the rest of humanity to be battery farmed. But there are some who think people should be free range; you know, a certain amount of natural light every day, some kind of density limit, etc. etc.
There is a wonderful children's book called Mortal Engines, in which London, about 3000 years from now, has dragged itself onto huge rolling tracks and marauds around Europe devouring defenseless suburbs. Municipal Darwinism...
http://en.wikipedia.org/wiki/Mortal_Engines
http://www.amazon.com/Predator-Cities-1-Mortal-Engines/dp/0545222117/ref=sr_1_1?s=books&ie=UTF8&qid=1385998281&sr=1-1&keywords=mortal+engines
Bankers deal in Debt and call it Assets. Britain fought two World Wars on credit and turned the world's largest Creditor Nation into a Debt Junkie which gave Bankers power as Gilts Management gave them a hold over Government.
Once Thatcher ended Exchange Controls in 1979 they could resume importing Liabilities onto the UK balance sheet and booking the Revenues into tax havens. The City of London ran its Shadow Banking System so as to park liability in the visible banking system and hide the rest offshore.
Britain built The City on financing Government Wars and funding ventures like the East India Company, the Rhodesia Company, and lending the pennies of Widows and Orphans through Investment Trusts into South American Railway Bonds and Tsarist Russian Bonds for 3% coupon.
The fact that Britain has a miserable rate of GFCF (investment) is no worry to The City which cares only for Rentier Income and not Production.
The Conservative Party is The CIty in Parliament and Blair saw that he would only win elections by kow-towing to The City and putting on face-paint to entertain Sucker Voters.....it worked brilliantly and when Brown blew it all up he saved the Bankers to suck the lifeblood out of the Voters
Dollars to donuts those same bankers are overjoyed that ZH put this info on the internet during the Christmas Season.
Looks like UK takes the cake.
UK is the center of European banking corruption. Libor, Gold Price fixing, London Whale...
Only the USA has a deeper cesspool of bankster scum.
well it is where they rehypothicate all the crooked Investment Bank trades....so why is this news. Corzine billion, jamies, billions, $85B+10%/month goes there....I don't get what the artical is getting at. It is the center of the fraud!
This is another chart that shows the Germans are producing that much more value as the #1 economy in Europe. They actually make things in Germany.... they hypothecate in the UK.
The UK. The City of London. where no taxes are paid.
Where the Central Bankers bend over and the Fed Chairman gives it up their rear end, while they smile, pocketing huge paychecks. The old system of currency backed by Gold/Silver now SDR's have Robbed Savers.
My thoughts are that Capital Punishment should be brought back in, and let the world purge this Economic Catastrophe.
The IMF as well. They cause poverty, and want control. Lets give it to them , control to keep a rope straight down.
Them and their Families.
Energy supply falling off the cliff and a huge proportion of banksters. Consider emigration if you live in the UK.
No amount of banksters can fix this:
http://2.bp.blogspot.com/-d75nHIZK3f0/UmproyKY2CI/AAAAAAAALIM/HyMP7SA8ad...
Game over man, game Over.