US Set To Alienate Angry Germany Next, As Crackdown Shifts From BNP To Commerzbank, Deutsche Bank

Tyler Durden's picture




 

As we reported over the weekend in "By "Punishing" France, The US Just Accelerated The Demise Of The Dollar", following the record $9 billion fine against French BNP, the outcry has been fast and furious, with virtually everyone in the local chain of command, from the CEO of Total to the head of the Bank of France (and ECB member) Christian Noyer, all saying that the US is now clearly abusing the reserve power of the dollar and it is time to move away from a dollar-based reserve currency (how that jives with concurrent French demands for a lower EUR is a different, incomprehensible matter entirely).

It appears that having pushed France forcefully into the Russia-China Eurasian, and anti-US camp, the US will now do the same with Germany. Because after infuriating the German population by first refusing to return their gold contained (the legend goes) at the New York Fed, and then with scandal after spying scandal, most recently involving the CIA directly soliciting a German double agent, now the time has come to "punish" Germany's largest banks for the same kind of money laundering that BNP was engaged in. As the NYT and Reuters report, the time has come to shift away from the BNP scandal and focus on what will soon be the Commerzbank and Deutsche Bank fallout.

According to the NYT, the money laundering crackdown is "bound for another European financial center: Germany. State and federal authorities have begun settlement talks with Commerzbank, Germany’s second-largest lender, over the bank’s dealings with Iran and other countries blacklisted by the United States, according to people briefed on the matter. The bank, which is suspected of transferring money through its American operations on behalf of companies in Iran and Sudan, could strike a settlement deal with the state and federal authorities as soon as this summer, said the people briefed on the matter, who were not authorized to speak publicly.

The contours of a settlement, which the authorities have only begun to sketch out, are expected to include at least $500 million in penalties for Commerzbank, the people added. Although prosecutors were still weighing punishments, the people briefed on the matter said that the bank would most likely face a so-called deferred prosecution agreement, which would suspend criminal charges in exchange for the financial penalty and other concessions.

It's not just Commerzbank - a settlement with the smaller bank will merely pave the way for the punishment of the biggest bank of all (in terms of groiss derivative notional held): Deutsche Bank.

A potential deal with Commerzbank — which is expected to pave the way for a separate settlement with Deutsche Bank, Germany’s largest bank — would pale in comparison to the case announced last week against France’s biggest bank, BNP Paribas. The French bank agreed to pay a record $8.9 billion penalty and plead guilty to criminal charges for processing transactions on behalf of Sudan and other countries that America has hit with sanctions, a rare criminal action against a financial giant.

As NYT adds, correctly, "The Commerzbank investigation features an added twist: The bank is 17 percent owned by the German government. It is unclear whether — as in the BNP case, which led French authorities to intervene on the bank’s behalf — the settlement talks could inflame diplomatic tensions between Washington and Berlin."

Of course, since this is the ridiculous "scorched earth" diplomatic policy, if one may call it that, of the Obama administration, nobody is surprised any more that the US president is alienating one former ally after another.

As we first observed a few weeks ago when we revealed JPM's involvement in all of this money laundering, "some critics have questioned why American authorities have set their eye on European banks. The answer, authorities say, is that American banks by and large avoided processing transactions for Iran and Sudan. But American banks are not immune from touching dirty money. Citigroup’s Banamex unit is under investigation for processing money linked to a drug cartel. And in January, JPMorgan Chase reached a roughly $2 billion deal with the authorities over ignoring signs of the Ponzi scheme orchestrated by Bernard L. Madoff, who held accounts at the bank for over two decades."

Not only that but as we wrote over the weekend, the bank that was instrumental in facilitating BNP's money laundering for nearly a decade was none other than JPM. One wonders if JPM also "unwittingly" was the bank that made German money laundering around the globe possible. Did we mention unwittingly?

Still, while one can debate the idiocy of US foreign policy, eager to push European allies into the willing hands of Russia and China at the worst possible moment, when regional and civil wars and conflicts are suddenly breaking out across all key geopolitical hotspots, one wonders: in the case of BNP, the "fine" was as a result of French unwillingness to halt the Russian amphibious warship deal despite US demands. So it would be curious just what the US blackmail against German banks is for: one really does wonder just what punishment Angela Merkel deserves behind the scenes in the eyes of John Kerry et clueless al, to punish her and Germany so blatantly for the entire world to see.

One thing is clear: if the US thinks that Germany will continue to consider America its BFF and make zero contingency plans for when the alliance with the US finally crashes and burns, it will be truly surprised when the Eurasian alliance of Russia and China finally announces its final, all-important, missing link member: the manufacturing and export powerhouse that is Germany itself.

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Tue, 07/08/2014 - 08:07 | 4934791 eurogold
eurogold's picture

I really hope that Germany finally grows some balls and tells the U.S to go F... themseves !

Long overdue.

Tue, 07/08/2014 - 08:09 | 4934801 COSMOS
COSMOS's picture

This is hilarious, we really do have a bunch of imbeciles running our govt, they are buying their own exceptionalism BS and acting like the playground bully

Studies have repeatedly shown lesser chimps will gang up on a bully alpha male.  If you act like a bully chump expect to get treated like one USA!!!

Tue, 07/08/2014 - 08:11 | 4934806 Haus-Targaryen
Haus-Targaryen's picture

Schäuble once said (the cenile old man had a moment of clairity)

"Germany has not been sovereign since May 1945."

http://www.youtube.com/watch?v=fhvjq_4v3Ng

Tue, 07/08/2014 - 08:13 | 4934811 COSMOS
COSMOS's picture

The paper itself is behind a paywall, but the abstract is fascinating:

Chimpanzees (Pan troglodytes) are capable of extreme violence. They engage in inter-group, sometimes lethal, aggression that provides the winners with an opportunity to enlarge their territory, increase their food supply and, potentially, attract more mates. Lethal violence between adult males also occurs within groups but this is rare; to date, only four cases (three observed and one inferred) have been recorded despite decades of observation. In consequence, the reasons for within-group lethal violence in chimpanzees remain unclear. Such aggression may be rare due to the importance of coalitions between males during inter-group encounters; cooperation between males is also thought to be key in the defense or advancement of social rank within the group. Previous accounts of within-group lethal violence concern victims who were low-ranking males; here we provide the first account of the killing of an incumbent alpha male by a coalition of adult males from the same community. We found no clear evidence that the alpha male's position was under threat during the months before the lethal attack: the male dominance hierarchy was highly stable, with low rates of male–male aggression, and there were no significant changes in social interactions (i.e. grooming and aggression) between the alpha male and the other adult males. Two of the four attackers were former alpha males and were the individuals with whom the victim appeared, in the period preceding his death, to be most strongly affiliated: his most frequent grooming partners and those with whom he spent most time in proximity. The lethal attack triggered a period of instability in the male hierarchy and was likely an opportunistic attempt to seize alpha status by the third-ranking male.

USA better be careful, other lesser chumps want their currencies up front and center.

Tue, 07/08/2014 - 08:15 | 4934815 Haus-Targaryen
Haus-Targaryen's picture

Germany will keep siding with the US as long as the US keeps the Petrodollar afloat and can exert pressure on the Bund. When this goes away, and the US cannot either pay for its military presence there, nor exert economic pressure on Germany, is the point when Germany (and all her "client" states) will go Eurasian and quickly.

At this point it will be interesting to see if Poland learns from history, or makes the same mistake again.

Tue, 07/08/2014 - 08:16 | 4934818 COSMOS
COSMOS's picture

The Poles like their dollar masters, they will never say no to the toilet paper currency.

Tue, 07/08/2014 - 08:22 | 4934840 Rubicon
Rubicon's picture

Bullshit. the Pols will go where Germany goes.

Tue, 07/08/2014 - 08:25 | 4934844 Haus-Targaryen
Haus-Targaryen's picture

We can only hope--

However history tells us otherwise.  Time will tell. 

Tue, 07/08/2014 - 08:30 | 4934862 Rubicon
Rubicon's picture

Trust me, Poland knows which side their chleb is buttered. 

Tue, 07/08/2014 - 08:52 | 4934914 Headbanger
Headbanger's picture

I agree.  Poland hated Stalin and the Russians more than it did Hitler and Germans from what I've been told by children of Polish parents who were there during WW II.

And Merkel is very chummy with Putin and is probably fed up with Obozo and his gay politics fucking up NATO.

The winters get very cold in Germany and Poland too.

Tue, 07/08/2014 - 09:14 | 4934950 fervent in spirit
fervent in spirit's picture

OT, but while they are alienating Germany and France, this should help to further infuriate Russia.

http://rt.com/news/171188-russian-hacker-kidnapped-america/

Tue, 07/08/2014 - 10:25 | 4935196 Husk-Erzulie
Husk-Erzulie's picture

Holy fucking shit.  Who the hell is calling the foreign policy shots in D.C.?  They really have gone insane.

Tue, 07/08/2014 - 13:13 | 4935861 Flagit
Flagit's picture

Do as I say, not as I do.

http://biopower.cleantechnology-business-review.com/news/world-eco-energ...

I guess rules only apply to certain people.

Tue, 07/08/2014 - 13:38 | 4935985 Anusocracy
Anusocracy's picture

Time for Russia to start arresting US banksters on fraud charges.

The US has far more juicy targets abroad than Russia.

Tue, 07/08/2014 - 08:37 | 4934881 disabledvet
disabledvet's picture

Actually history doesn't. It does seem rather odd that in the 90's we were never going after Japanese banks when they had their back against the wall.

I get the feeling the EU isn't going to be around for much longer. They're more beholden to the petro dollar with that currency than anyone.

Given that the USA has the bulk of all their oil...plus is wiping out there refinery complex...plus has Tesla's, plus has energy costs that are in fact falling, plus have private energy companies that are scaled, plus a Federal Government that is all about the drilling, plus a war effort where we're barely containing the extremist horde...plus we really don't care anymore, plus...

Tue, 07/08/2014 - 11:05 | 4935317 OceanX
OceanX's picture

"energy costs that are in fact falling"

LOL, so are PMs ...

 

P.S.  " USA has the bulk of all their oil..."

Where are they keeping "all this oil"  the middleast?

Tue, 07/08/2014 - 14:46 | 4936321 Sandmann
Sandmann's picture

That is a confused mess disabledvet, really abstruse. Where you get your info. on the EU eludes me, it cannot be MSM in the US which couldn't find Berlaymont on a clear day. The EU might not be around but then neither will NATO and the US will be able to roll up its bases and that building site in Clay Kaserne in Mainz-Kastel can be repatriated to the NSA, and the $30 million shopping centre being built in WI-Hainerberg can be mothballed.

This is not a game the US can win. It simply does not have the ability to hold together its postwar order any longer. It is insolvent and top-heavy with institutional ignorance embodied in John McCain on one hand and Kerry and Nuland on the other. It is Amateur Hour and we thought Jimmy Carter and Andrew Young were hick........

The fact is the EU will probably survive because there is nowhere else to go. Britain is hardly relevant as it is a giant colony of the US run by puppets in London much as the Norman Overlords ran the place after 1066. Germany is tired of being occupied ....the Soviets left and went home.

With GPS being so deviant nowadays and some areas not even showing up maybe we should switch to GLONASS now that Russia and China are merging their GPS systems ?

 

Tue, 07/08/2014 - 08:58 | 4934919 Save_America1st
Save_America1st's picture

still seems to be all by design to me.  These events may be part of the plan to instigate WWIII between us and our European ex-allies. 

The traitors in our government, the puppets of the globalists, may be thinking the sheeple are so retarded by now that they will believe the government story that we need to go to war against Europe because Russian, Germany, France, China, etc. are all waging monetary war against the American dollar which is causing all of the sheeples hardship, loss of jobs, lower wages, higher prices/inflation, etc.

The globalists, in their sick and twisted way, would love to see a war between us.  The formula has always worked in their favor before.  They pitted England and France against each other...the examples go on and on throughout history.

And only very few people know and understand how the .01% ruling banksters are always the ones behind the wars (Remember:  All Wars Are Banker Wars), and they always win and prosper and gain more power and wealth no matter who wins or loses the wars, right?  They have always survived behind the scenes to live on generation after generation in hidden rule and power over the rest of the world...no matter what.

So maybe they grow bored of the current world set up and finally want to see America implode and lose a major war.  Maybe they just want to put us to the test after so many years since WWII to see how we would do against Europe, China and Russia all at once?  Who knows?  They win no matter the outcome and even if they want us to win and we lose or the other way around it matters not to them.  It's all part of the world-wide game to them.  We're just pawns in it.  Entire continents are pawns in their game, so what do they care? 

I mean, it's blatantly obvious America is being squeezed in the vice now from every single angle imaginable, are we not?  They're deliberately cornering us, and they know what happens to a trapped, cornered, desperate animal.  So maybe they want to see what our D.C. sociopaths will eventually do or what the American people will do when finally pushed too far.

And it's obvious that this same plan is being enacted against Europe and the Middle East as well. 

Maybe they know that they've created a fat, bloated, spoiled, ignorant, diseased society and they feel we need a kick in the ass and a punch in the face to wake us up and get us back on course again?  Who knows?  Maybe there are some good globalists who want to see us lean, mean and strong again?  There might actually be certain globalists in power who are on our side against the evil globalists who want to see us lose.  It's their game and maybe that's how they play it.  No hard feelings between them in the end no matter who wins or loses.  They reset the global playing board and start over again for the next 100 to 200 years. 

Maybe they want to make sure this all happens.  Hegelian Dialectic style.  They want a certain outcome for America or the rest of the world; so they scheme to destroy it and bring us to our knees, take away what's left of our Constitutional rights, etc.

So they seem to be purposely creating the economic collapse to create the chaos and the implosion of society, to mandate martial law, to then act as our saviors and protectors while rounding up all us non-Marxist patriot "folks" who stand in their way, and then to recreate the society and enact their form of socialist/fascist, tyrannical state controlled government worse than anything from 1984.

Or you can just go on thinking they're these bumbling fools like the 3 Stooges and "don't know what they're doing" and are "incompetent" and "idiotic", etc. etc.  But I wish that none of you would think that anymore in case you still do.

They've been planning this for well over a 100 years.  Hell, they've been planning this since the Constitution and Bill of Rights was created!  Luckily, the genius of the Framers and their words were such a solid obstacle to those who would try to conquer the republic that it has taken well over 200 years to bring us to this lowly point.

Here's a final word from none other than George Orwell:  2min video.  One final warning. 

Pass it on:  https://www.youtube.com/watch?v=ox-shlDXKO4

 

 

Tue, 07/08/2014 - 09:11 | 4934967 Haus-Targaryen
Haus-Targaryen's picture

Great post.

I forget where I read/heard this -- but the United States would start a war in Europe between NATO and Russia before it loses Western Europe to solidify their support. 

I always kinda wondered if this was the reason for the Ukraine cluster fuck, and the reason why Putin won't intervene anymore.

Tue, 07/08/2014 - 09:44 | 4935008 Headbanger
Headbanger's picture

I wouldn't say it's a plan as that would imply some intelligence which is obviously extinct in U.S. leadership.

It's moar like sheer stupidity and desperation that will cause the U.S. Government to start a major war while it can still afford to before the dollar is worthless in the vain attempt to uphold American "exceptionalism"

 

But I think a military coup is moar likely to happen in the U.S. before it goes to far in starting a major war that it will only lose.

Tue, 07/08/2014 - 13:52 | 4936047 worbsid
worbsid's picture

Interesting:  Except for Gen Anderson and a few other political generals, most officers really take their oath to uphold the constitution seriously.  

Tue, 07/08/2014 - 09:41 | 4935039 Save_America1st
Save_America1st's picture

@Haus Targaryen

thanks!  And it's ironic that you would write back and have the user ID that you do, because as I was writing my post I was starting to see that the situation I was depicting was similar to Game of Thrones.

7 kingdoms - 7 continents; the geography of the kingdoms is basically the geography of the Earth.  And each kingdom's culture depicts similar cultures that in habit the Earth's regions and continents.

Rulers in power and those who want power all conspiring to take power and land from each other.  Killing each other and using armies to fight their battles, etc.

Game of Thrones is an allegory for the game the globalists are playing with our world, don't you think?

And it's a pretty damn good show too.

Tue, 07/08/2014 - 09:55 | 4935091 centerline
centerline's picture

Great posts SA.  I have to admit though that I am not entirely convinced that the globalists have so much power.  Statistically there is just too much noise... too many players, too many variables.  Rather, I think it is more likely the order of chaos.

Tue, 07/08/2014 - 10:19 | 4935179 centerline
centerline's picture

Just add to this...

Within the chaos, there definately are plans.  The current US actions are no coincidence.  There is a deliberate plan in motion to accomplish something significant.  Given that this is a pretty big game being played, it is hard to say what is really going on.

Tue, 07/08/2014 - 11:06 | 4935322 Save_America1st
Save_America1st's picture

thanks man...and let's all not forget Agenda 21 to steal our land and resources using the lie of so-called "environmentalism". 

Let's not forget the Common Core dis-educational curriculum being Federally indoctrinated into every level of our educational system.  Totally designed to create more ignorant, dependent, dumbed down little sheeple.

Let's not forget this massive illegal immigration invasion being perpetrated against us to flood our country with millions of sick, poor, uneducated people who will flood the social welfare system and speed up the economic implosion.  Not to mention instantly creating and racial crisis to compete against Americans.  Not to mention so many millions who will be coerced by the scum, sociopaths in D.C. to vote for them while voting away our Constitutional rights.

Let's not forget that while they may try to blame Europe and Asia for our own curreny crisis, that it's actually the NON-Federal Reserve who has printed Trillions of worthless dollars and along with the government and banksters helped allow Quadrillions in other debt and derivatives that can never been covered...thus imploding the currnet world economic and governing structures.

Let's not forget the crisis of law going on where lifetime "Supreme" court judges rule against our Constitution and allow all this shit to go on, such as the un-Constitutional "obamacare" law.

Let's not forget the MIC and the militarization of our local city and state police and sheriff's offices with weapons of war and military vehicles that can only be used against the internal populace of America, especially when the system creates enough chaose and instability due to the things I mentioned above which will them give them the "authority" to use all that shit against us and suspend our Constitutional rights and rule of law. 

We have a judicial crisis, and Constiutional crisis, a governmental crisis, and humanitarian crisis, an economic crisis, and quite frankly to top it all off they have and are deliberately creating a massive racial crisis in America.

I can go on and on, but I think it's evident what has and is being perpetrated against us. 

A coup d'état has been perpetrated against the United States and it's citizens.  It happened long ago in small steps over a period of decades.  And it's finally starting to manifest itself overtly as these traitors are actually kind of starting to lose control.  They're still in control at all the highest levels, but this is getting very big and probably enough out of their control where yes, I will say that some of them are stupid and they do make mistakes along the way.  The globalists and certainly their political puppets certainly aren't perfect in their plans and they certainly don't win all the battles that are going on in this grand global game.  But up until the last several years they have been seriously kicking our fucking asses!

I think we've seen a big change in this war game since the end of Bush and the beginning of the obama regime.  For one, I believe thanks to the internet we've been able to reach many more millions of people than we ever could have previously.  The "info war" momentum has definitely swung to our side especially over the past 5 years or so and that has been astoundingly critical for us.

I believe this development has set the globalists back as far as a decade in their plans.  But they know how to regroup because they're the masters at this game and we have a lot of catching up to do.  Plus we just don't have the power they do.  We mainly have the sheer size of population on our side and a fair amount of guts and guns as well!

A quote I've been sending out to people for about 5 or 6 years now and it's sticks in my mind every damn day:

"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague." Marcus Tullius Cicero circa 58 B.C.

 

There was a guy named Norman Thomas who ran for president 6 freakin' times in a row for the Socialist Party of America up until 1948.  He finally quit running after all those years and this is what he said about it:

“The American people will never knowingly adopt socialism.  But, under the name of “liberalism”, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” 

“I no longer need to run as a Presidential Candidate for the Socialist Party.  The Democratic Party has adopted our platform.”


And the link below is from the Congressional Record of 1963:  The Goals of Communism in America

http://www.uhuh.com/nwo/communism/comgoals.htm

You can pretty much check nearly everything off from their list at this point.

 

So yea...a coup has occurred and has been happening for over a century.  Go back to the Fabain Socialists and the creation of "Porgressivism" which is actually regressivism compared to what America truly stands for.

We've got a very big fight coming in this country.  It very well could be the next civil war.  I hope people are ready for it, because it's very apparent that the powers that be are gearing up for it one way or another.  They may have to nuke us before it's all over because I highly doubt that once most American wake up that we're going to go down without a helluva fucking fight. 

Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.  ~ Ronald Reagan

 

 

 

Tue, 07/08/2014 - 14:10 | 4936139 Haus-Targaryen
Haus-Targaryen's picture

I used to think Alex Jones was nuts a few years ago.  However, after reading ZH and the DT I began to realize how cooked our financial system really is -- and then I began to remember advice given to me by various people over the years.  

Then, in December of last year I was studingy for the bar exam and going to a breakup with a girl friend.  One night -- I couldn't sleep and found a few week old YouTube upload of the Alex Jones show.  I watched it to help me fall asleep -- and the next night, I watched that days episode, and the episode the next night, and the night thereafter.  

Come to find out the guy is actually a genius, and is a prophet.  He connected the financial crisis with the militirization of the police, the erosion of our civil liberties, ammo purchases, 9-11, etc., etc., and now I listen to his show daily.  Now, in heinsight, I can see how the advice I had been given by various people over the years is the same stuff that Alex Jones is talking about now.

I say this because your post reminds me of his show day before yesterday.  

Tue, 07/08/2014 - 14:48 | 4936334 Sandmann
Sandmann's picture

breakup with a girl friend.  One night -- I couldn't sleep and found a few week old YouTube

 

I read this so many times because I thought you found a KY tube

Tue, 07/08/2014 - 08:31 | 4934864 BearTrap
BearTrap's picture

What about you?

Tue, 07/08/2014 - 08:37 | 4934884 Took Red Pill
Took Red Pill's picture

The US owns Germany or at least they have the same controllers;
http://rt.com/op-edge/170948-germany-gold-us-sovereignty/

Tue, 07/08/2014 - 12:20 | 4935645 sunnydays
sunnydays's picture

Actually Merkel has been in China the last few days and has signed different trade agreements with them, including VW factories there.  Reading it carefully the Euro is mentioned not the dollar.  China just signed trade agreements in yuan with France and Luxembourg too.  All of it from the horses mouths. 

http://sherriequestioningall.blogspot.com/2014/07/germany-upset-with-us-...

Tue, 07/08/2014 - 08:33 | 4934870 Stoploss
Stoploss's picture

Check this out:

Black's (Pan troglodytes) are capable of extreme violence. They engage in inter-group, sometimes lethal, aggression that provides the winners with an opportunity to enlarge their territory, increase their food supply and, potentially, attract more mates. Lethal violence between adult males also occurs within groups but this is rare; to date, only four cases (three observed and one inferred) have been recorded despite decades of observation. In consequence, the reasons for within-group lethal violence in chimpanzees remain unclear. Such aggression may be rare due to the importance of coalitions between males during inter-group encounters; cooperation between males is also thought to be key in the defense or advancement of social rank within the group. Previous accounts of within-group lethal violence concern victims who were low-ranking males; here we provide the first account of the killing of an incumbent alpha male by a coalition of adult males from the same community. We found no clear evidence that the alpha male's position was under threat during the months before the lethal attack: the male dominance hierarchy was highly stable, with low rates of male–male aggression, and there were no significant changes in social interactions (i.e. grooming and aggression) between the alpha male and the other adult males. Two of the four attackers were former alpha males and were the individuals with whom the victim appeared, in the period preceding his death, to be most strongly affiliated: his most frequent grooming partners and those with whom he spent most time in proximity. The lethal attack triggered a period of instability in the male hierarchy and was likely an opportunistic attempt to seize alpha status by the third-ranking male.

Tue, 07/08/2014 - 10:32 | 4935216 Conax
Conax's picture

They did a Julius Caesar number on the alpha.

Et tu, Bonzo?

Tue, 07/08/2014 - 14:39 | 4936290 IronForge
IronForge's picture

Et tu, Obonzo?

There, FIFY

Tue, 07/08/2014 - 08:23 | 4934817 mvsjcl
mvsjcl's picture

Why would the Rothschild banks
want to make it appear
as if the US Government
is extracting "penalties"
from these Rothschild banks?

Tue, 07/08/2014 - 08:26 | 4934854 Keyser
Keyser's picture

All part of the plan to remove the USD as the world's reserve currency... Everything is going according to plan... By the end of Obama's term, the damage will be irreversible... 

Tue, 07/08/2014 - 08:57 | 4934925 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

fingers crossed that russia & china throw a stick or two in the spokes

Tue, 07/08/2014 - 08:58 | 4934928 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

edit: and that war doesn't prove to be the only alternative

Tue, 07/08/2014 - 09:05 | 4934947 DeadFred
DeadFred's picture

Paranoid as this concept is, it does fit the data set better than most explanations.

Tue, 07/08/2014 - 10:33 | 4935225 centerline
centerline's picture

It appears that this is the goal at this time.  However, we really need to ask what the net effect is on other countries from the USD getting funky.  Everything may not be as it seems on the surface.

Tue, 07/08/2014 - 10:44 | 4935257 Husk-Erzulie
Husk-Erzulie's picture

Weird and creepy enough...

https://www.youtube.com/watch?v=QYmViPTndxw

...to see Christine Lagarde spouting numerology in an address to The National Press Club.  Really, just bizarro world, but, the interpretation is interesting as well.

Freakin' strange days

Tue, 07/08/2014 - 08:42 | 4934891 duo
duo's picture

DB handled the money transfers and many bank accounts for the 9/11 operatives.  Nuff said.

Tue, 07/08/2014 - 08:11 | 4934807 fonzannoon
fonzannoon's picture

500 mil? My guess is they fined them and when Commerz went to pay they said "ah forget it, just keep it".

Tue, 07/08/2014 - 08:55 | 4934918 Buckaroo Banzai
Buckaroo Banzai's picture

"This is hilarious, we really do have a bunch of imbeciles running our govt, they are buying their own exceptionalism BS and acting like the playground bully"

No, something else is going on here. "Exceptionalism" has nothing to do with this. We know that the Justice dept is taking its marching orders either from the Fed or from the big US banks directly. If the former, then the Iran/Sudan angle is simply a smokescreen for some major liquidity problem. If the latter, then this is just a spat between onshore and offshore banks that is getting out of control.

Tue, 07/08/2014 - 09:06 | 4934954 CuttingEdge
CuttingEdge's picture

If The EU Commssion had half a testicle between them they would retaliate and hit Goldman Sachs for fraud over the Greece Euro entry criteria.

A $300 Billion fine and we'll call it quits shall we?

 

Tue, 07/08/2014 - 10:18 | 4935175 RaceToTheBottom
RaceToTheBottom's picture

I personally think the trashing of the dollar is to facilitate the migration to the world currency.

Tue, 07/08/2014 - 09:39 | 4935033 GovernmentMule
GovernmentMule's picture

Careful, the the "Chimp" can be considered to be racist in this context. You could be sent to retraining for further indoctrination!

Tue, 07/08/2014 - 10:35 | 4935236 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Oh, the drama.

Tue, 07/08/2014 - 09:40 | 4935038 GovernmentMule
GovernmentMule's picture

Careful, the the "Chimp" can be considered to be racist in this context. You could be sent to retraining for further indoctrination!

Tue, 07/08/2014 - 10:18 | 4935178 Omen IV
Omen IV's picture

"we really do have a bunch of imbeciles running our govt,"

These banking decisions (France / Gernany) are based on something more fundemental - they are extreme to include ALL the Russian directed decisions - more is going on - much more serious - there are many alternative approaches NOT being considered -

France / Germany / Italy / et al dont belong in NATO there is no win for them and a lot of downside -Russia has been a very good supplier and partner for 60 years - why create a problem? - plus there is natural affinity between all these countries and Russia and NOT the USA

I suspect that Obama already knows thru NSA - they all want to go with Russia on the Ukraine - and this is late inning retaliation to demonstrate how bad USA can exact penalties - Ukraine can be managed by Russia the best - USA would be a stranglehold on Europe once they have ownership of the pipeline 

alll downside to include nuclear exposure

is it months or years?

Tue, 07/08/2014 - 10:32 | 4935217 Antifaschistische
Antifaschistische's picture

why don't these countries each take a small naval vessel and park it off Manhattan insisting on their gold.   If 100 German VIPs show up demanding their gold deposits back, that would make for some really good news.    Stage a sit in...

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