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America's Dumbest Move Yet: Seizing A Foreign Bank

Tyler Durden's picture




 

Submitted by Simon Black of Sovereign Man blog,

Ten dark suited men entered the premises of FBME bank in Cyprus on Friday afternoon and took it hostage.

It must have looked like a scene from the Matrix. And given the surrealism of how this conflict is escalating, maybe it was.

The men were from the Central Bank of Cyprus (CBC). And they commandeered FBME because an obscure agency within the US government recently issued a report accusing the bank of laundering money.

It just so happens that FBME… and Cyprus in general… is where a lot of wealthy Russians hold their vast fortunes.

Bear in mind, there has been no proof that any crime was committed. There was no court hearing. No charges were read. It wasn’t even the government of Cyprus who accused them of anything.

There was just a generic report penned by some bureaucrat 10,000 miles away.

Funny thing—when HSBC got caught red-handed laundering funds for a Mexican drug cartel last year, the US government gave them a slap on the wrist. HSBC got off with a fine.

Yet when the US government merely hints that FBME could be laundering money, the bank gets taken over at gunpoint.

Welcome to warfare in the 21st century. It’s not about battleships and ground troops anymore.

This time the adversaries are battling each other using what ultimately affects everyone: money.

And on this battlefield the US doesn’t really have many options.

  • US banks still form the nucleus of the global financial system, but this is quickly being replaced.
  • Just last week the BRICS nations met in Fortaleza, Brazil to launch the origins of a brand new, non-US financial system.
  • The US is still the largest economy in the world, but will likely lose this status to China by the end of the year.
  • The US dollar is still the most widely used currency in global trade, but even America’s closest allies (Canada, Western Europe) recognize that the time has come to move beyond the dollar.

So while the US is still running around and barking at others, it is quickly losing its capacity to bite.

Their only tactic is to haphazardly attack Russian interests wherever they can.

They’re sanctioning Russian companies. They’re trying to torpedo international support for Russia. And now they’ve resorted to plundering Russian assets held in other sovereign nations.

Imagine you’re Qatar. Or China. Or Kuwait. Or Singapore. Or anyone else who holds substantial amounts of US debt.

All of these countries understand the lesson loud and clear: when the US doesn’t like you, they will do everything they can to make your life difficult.

Does this inspire confidence? If you’re holding hundreds of billions of dollars of US Treasuries, does this really improve your level of trust in the US?

Probably not.

By terrorizing Russian interests, the Obama administration is begging the rest of the world to reconsider their misplaced trust in the United States.

All these foreign countries really have to do if they want to retaliate is start dumping their US Treasuries. Or simply stop rolling over when the notes mature.

That will cause catastrophic consequences in the United States. Interest rates will soar, inflation will kick in, and the government will be even closer to default than it already is.

Inexplicably, Mr. Obama is practically begging the world to do this. It’s tremendously arrogant.

It’s like the economic warfare equivalent of Napoleon pompously leading his overstretched, exhausted army into Russia.

And neither Napoleon nor Obama gave the slightest consideration to the big picture consequences.

At $17.6 trillion in debt, the US is trying to wage economic war without any ammunition. It’s not something that is going to work out well for them.

 

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Thu, 07/24/2014 - 15:28 | 4999916 Sudden Debt
Sudden Debt's picture

Isn't that the same as a invasion and isn't cyprus part of Europe?!?!?

That's actually a act of war!

And we're bullshitting about Russia?!?

Thu, 07/24/2014 - 15:30 | 4999929 negative rates
negative rates's picture

And there won't be, these are very troubling times for bankers, extended senior moments you might say.

Thu, 07/24/2014 - 15:35 | 4999965 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Welcome to warfare in the 21st century. 

This is not 21st Century warfare. It is warm up to 21st Century warfare. The pawns are picking their sides.

Thu, 07/24/2014 - 15:39 | 5000010 knukles
knukles's picture

Warfare.  Yes, Prime Directive.
Of Cloward Piven Agenda

 

Destroy America from Within

Thu, 07/24/2014 - 15:51 | 5000065 AlaricBalth
AlaricBalth's picture

FBME Bank was established in Nicosia as a subsidiary of the Federal Bank of Lebanon SAL. In 1986 it changed its country of incorporation to the Cayman Islands and its banking presence in Cyprus was transformed to that of a branch of the Cayman Islands entity. 

In 2003 FBME Bank (Federal Bank of the Middle East) terminated its banking presence in the Cayman Islands and established its parent company and operational headquarters in Tanzania. At the same time, its Cyprus banking operations became a branch of FBME Bank, Tanzania. 

 As of September 2013, FBME was the largest commercial bank in Tanzania, with a total asset base valued at approximately US$2.72 bln, with shareholders' equity of approximately US$179.63 mln. 

The bank is family owned owned by A-F M Saab and F M Saab and maintains two branches in Cyprus, four in Tanzania and a representative office in Moscow. 

"The United States Treasury report, dated July 15, listed a number of suspicious transactions and legal violations from FBME over the last decade, including allegations that a bank customer “received a deposit of hundreds of thousands of dollars from a financier for Lebanese Hezbollah.”

Thu, 07/24/2014 - 15:59 | 5000127 Save_America1st
Save_America1st's picture

just wondering where the source of this story is?  Not that I doubt those scumbags would do such a thing.  But I'd like to see some links verifying this story please.

Thu, 07/24/2014 - 18:21 | 5000982 The Alarmist
The Alarmist's picture

The guy at Standard Chartered who complained about the f-ing Americans was dead-on right, but realised the deck is stacked against him and the bank, and so the backbone melted away.  Game over.  These and cases like BNP are just a massive corporate version of the civil asset forfeiture scams being run across the land and now the world.

Thu, 07/24/2014 - 20:20 | 5001586 nidaar
nidaar's picture

This is nothing new, "their boys did it".

Thu, 07/24/2014 - 20:37 | 5001648 Elvis the Pelvis
Elvis the Pelvis's picture

What we really need are more bank seizures and negative interest rates. Let's flex those muscles. Bitches.

Thu, 07/24/2014 - 21:21 | 5001789 zaphod
zaphod's picture

If they are innocent then they can prove that in court.

That is how the system works. You are guilty of a crime if one of ten thousand government agencies accuse you of one, and while in jail (with all your assets seized) you have the opportunity to prove your innocence. 

This is modern America.

Fri, 07/25/2014 - 00:52 | 5002326 disabledvet
disabledvet's picture

Do they even have courts over there?

Fri, 07/25/2014 - 02:23 | 5002434 Richard Chesler
Richard Chesler's picture

Read to the tune of Ghostbusters...

Who's the kenyan puppet gonna call?

Goldman banksters!

 

 

 

Thu, 07/24/2014 - 21:23 | 5001795 Son of Loki
Son of Loki's picture

Smells fishy ... kinda like an 8-day-old escobar.

Thu, 07/24/2014 - 21:52 | 5001904 Seize Mars
Thu, 07/24/2014 - 23:01 | 5002111 Ness.
Thu, 07/24/2014 - 23:05 | 5002125 Seize Mars
Seize Mars's picture

Yikes. Commerce is not okay when it's done by people, only when it's done by the CIA?

Fri, 07/25/2014 - 04:52 | 5002574 barre-de-rire
barre-de-rire's picture

depends of what you sell darling...

Thu, 07/24/2014 - 20:46 | 5001675 WhackoWarner
WhackoWarner's picture

Yeah.  Won't rest until they own everything including the air we breathe.  Shite. Who would have thought that a sovereign nation could be forced into bankruptcy from some idiot judge in NY?

Thanks ever so much IMF and NY shysters.  Corporations are people? and are allowed to buy politics? Corporations are the law?  This is current US law.  And tentacles are everywhere.  Exceptional? 

Got nothing against the uneducated massed in US.  Just abhor the country.

Thu, 07/24/2014 - 23:45 | 5002196 Nick Jihad
Nick Jihad's picture

I'd be careful casting aspersions on the uneducated, if I were you. FYI, Citizens United was correctly decided. But perhaps you'd like to defend the position that only the corporate press enjoys First Amendment protection?

Fri, 07/25/2014 - 06:12 | 5002645 jeff montanye
jeff montanye's picture

the current situation resembles the 1890's when the gop and the corporate trusts ran everything.

things improved a bit when william mckinley was assassinated and theodore roosevelt moved to the white house.

however we are kind of short on t.r. figures at the moment.

Thu, 07/24/2014 - 16:06 | 5000166 walküre
walküre's picture

Why the fuck is any of this the US' problem? Shall we discuss where the CIA launders its funds?

How much gold is in the vaults of FBME two branches in Cyprus? That's really all that matters now. Paper is fucking worthless.

Thu, 07/24/2014 - 16:34 | 5000291 Chupacabra-322
Chupacabra-322's picture

Spot on. The Criminal CIA park its stolen loot at various Global Crminal Banks. Word on the street is, at the IMF aswell.

Fri, 07/25/2014 - 03:05 | 5002482 gold-is-not-dead
gold-is-not-dead's picture

Aren't central banks the main criminals at the top of the chain?

Thu, 07/24/2014 - 21:58 | 5001929 QEternity
QEternity's picture

The end to all of this will be nuclear

Thu, 07/24/2014 - 23:18 | 5002151 SilverIsMoney
SilverIsMoney's picture

No it wont. They can't kill ALL the serfs...

Fri, 07/25/2014 - 03:03 | 5002481 gold-is-not-dead
gold-is-not-dead's picture

As soon as people realize that the nuclear weapons aren't practical force, things could change. No one has the guts to kill all the slaves. 10 guys with knives are more powerfull than nuclear nation because nuclear force can't be used without end for all.

Fri, 07/25/2014 - 05:00 | 5002579 barre-de-rire
barre-de-rire's picture

just to say, usa already used it, twice...

 

what on earth can make you sure nobody will trigger another one day or another, because they feel weak or to responsible to do it ? wait until the olds die, taking away their memories of the war,  wait until new generations of people raised in decaded virtuality, have you seen what kind of video games is available now ? you still think nobody in the futur can trigger a nuke shot ?

 

lol...

 

man, in 20 years we will be +9 billions, africa will be raised, we cannot keep system goin with a 7 billion ponzi, and you wanna keep thing goin with +20% players ?

 

 LOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOL

 

when only one guy got something, it is unique, others want it too. when everybody got same stuff, it is banal.

human tend to give less importence to banal things.

keep that in a corner of your soul. we'll discuss it in another life.

Fri, 07/25/2014 - 05:09 | 5002588 Tall Tom
Tall Tom's picture

They are the proverbial "Dog in the Manger"

 

If they cannot have it then they will make damn certain that nobody will.

 

Have you ever heard of the term, "Scorched Earth"?

 

Hitler, losing the war in his bunker at the end, was asked why the needless bloodletting. He said that since the German people did not have the will to be victorious then they deserved to die.

 

These guys are psychopaths bent of obtaining and keeping power at all costs. If they cannot have it then nobody will. Oh yes they will screw the pooch to keep that power. They will nuke you into oblivion and not bat an eye.

 

You and SilverIsMoney are fucking delusional.

Fri, 07/25/2014 - 03:49 | 5002494 Lore
Lore's picture

It was supposed to be limited nuclear, but there are indications that the situation is changed, with power and escape routes taken away from psychopaths. Some oligarchs seem to be working toward a better outcome. 

Fri, 07/25/2014 - 00:27 | 5002280 HardAssets
HardAssets's picture

Amazing

What ever happened to all those big American banks caught money laundering drug money ?

(sound of silence)

Fri, 07/25/2014 - 08:53 | 5002960 ATM
ATM's picture

That's funny because a sitting US President received hundreds of thousands of dollars in campaign funds from Hezbollah too.

Fri, 07/25/2014 - 12:45 | 5003954 presidentsarkozy
presidentsarkozy's picture

DO NOT AGREE WITHTYLER ON THIS ONE AT ALL !!

uncle sam will continue to be the hegemonic currency for at least 15 years because there us nothing to replace it .

Euro too unstable and toxic . yuan nit sufficiently convertible yen not liked and like US DROWNING IN NATIONAL DEBT .
sterling FORGET it . al the rest too smsll and also - rans .

plus if china singapore etc started selling greenbacks either the greenback woukd collapse thus exposing thise markets to monumental exchange losses or yell,en would just print more rendering certitude of fiat money inflation which will affect first second and third worlds .

tyler baby -- you re pissing in the wind . Give it at least 20 years.

Thu, 07/24/2014 - 20:43 | 5001665 caShOnlY
caShOnlY's picture

US banks still form the nucleus of the global financial system, but this is quickly being replaced.

US banks still form the nucleus of the global financial PONZI system........   had to fix it for you.  When the dollar is at the center, you know its a ponzi!

Fri, 07/25/2014 - 00:59 | 5002339 disabledvet
disabledvet's picture

Phucking Simon "de Bolivar" Black and god damn phucking bullshit again.

We've really been stitching with some thin threads of late. I mean talk about putting "the alternate" in "alternate reality." I don't even know where we ever got the idea that we would be taken seriously. Not that "spleen venting" isn't a noble enterprise in my book. But we are....truly....acting like total reality cowards here...not as bad as the White House mind you...but barely registering on the "not a super freak" meter.

The friggin Russians are launching massive rocket barrages across the border into Ukraine you morons!

THERE WILL BE COUNTER BATTERY FIRE.

Fri, 07/25/2014 - 04:12 | 5002533 Kina
Kina's picture

This is by far the stupidity of the USA for holding a policy of taking control of the Ukraine and having military and missile bases along the Russian border, and to deny it the resources of the Ukraine. This has been US geopolitical wet dream for decades and this is what this is ALL about.

 

Likewise the Crimea is fundamentally critical to Russia - Everybody knows this and all would know that Russia would do anything to retain access throuh there - it was bizarre that the US thought they could get their hands on that.

Now Russia as all do, know the geopolitical plan of the US in the Ukraine and of course will do anything possible to stop it.

To put this in some context that people can relate to it would be exactly the same as Russia install its boy as President of Mexico and then being allowed to build military and missile bases all along the US-Mexico border.

This is exactly what the US is endeavouring in the Ukraine. What would the US do if Russia did in Mexico exactly as the US in the Ukraine???  Well of course it would be all out war and invasion of Mexico by the US. So why is it so hard for people to understand this in respect of the Ukraine.

Listen carefully - Russia will go to ALL Extremes to ensure that the US does not have military or missile bases in the Ukraine. As the US would do if it were in the same position.

 

So this nonsense of Russia is firing rockets etc into the Ukraine (which I don't believe) would be the least  you would expect - they will not allow the US a foothold in the Ukraine.

 

If the US goes to extremes in prosecuting its goals in the Ukraine you will Definately see retaliation of Russia against the USA's most sensitive areas....ie Middle East oil supplies and Oil prices, the impact of which would trash the USD and economy. Russia has the ability because of the US weakness in oil supply and prices, to totally trash the USD through overt action on major oil producers in the ME. It wont do this unless it is the last ditch effort to save itself, as it could lead to something much bigger...

 

So I expect a warning shot across the bow by Russia at some sensitive US area.

 

 

 

 

 

 

Fri, 07/25/2014 - 04:22 | 5002540 Lore
Lore's picture

Kona - Don't you agree that all Russia needs to do is stand on guard and WAIT?

Fri, 07/25/2014 - 05:12 | 5002571 Tall Tom
Tall Tom's picture

You are really worried about that bullshit over there?

 

GET FUCKING REAL. When the "Bail In" happens here in the USA there will be people who will actually kill Bank Executives and Tellers for stealing their money.

 

There will be BOMBS detonated and Bank Buildings razed...leveled to the ground...by FIRE...and deservedly so.

 

You have NO CLUE as to the chaos here in the USA which is about to happen.

 

Anyone who works for any Bank is wearing a target on their back. They and their families, their children, will be targets for retribution.

 

Will that be taken seriously enough???

 

That is the fucking REALITY. It is not an "alternate reality" That is what will happen if we do not nuke ourselves into oblivion first.

 

And you worry about that shit over there???

 

That is fucking laughable.

Thu, 07/24/2014 - 15:41 | 5000022 Pladizow
Pladizow's picture

What America was, no longer is!

Fri, 07/25/2014 - 01:10 | 5000521 hobopants
hobopants's picture

"The US is still the largest economy in the world, but will likely lose this status to China by the end of the year."

 

Lol.

Yes I would argue their malinvestment ponzi, is much bigger than our debt shuffling ponzi. Gold and Silver medalist in the special Olympics...

 

Thu, 07/24/2014 - 22:00 | 5001941 WhackoWarner
WhackoWarner's picture

i HAVE IT ON GOOD authority that Monsanto just got FDA approval and Congress bypass on International agreements and law....that one bribed NY judge could endorse the corporation patent on replicating Oxygen.

News Release"  Monsanto announces the duplication of "breath of life" and files for world-wide patents.  Claims that Monsanto oxygen is far more stable and needs no "Mother Nature" to influence production.  Monsanto stresses that all molecuules are subject to US patent law. (that applies everywhere according to a consulting NY Judge)....Legal opinion is that all "breathers" need to buy patented molecules seasonally and any violation will be actively pursued in NY  courts. When sought for a comment a recent "ruling" Judge in NY, whose ruling resulting in sovereign debt default had this to say:  "I am happy I was able to serve the greater good.  Monsanto sent me a memo of guidance. I thank them for legal guidance."

They put into their patent proposal many self-financed studies that illustrate the advantages of GMO modified air.  Monsanto is quoted as saying " Our Roundup ready air molecules are projected to increase breathing capablities world-wide"

As a side note  several senior FDA approving agents were hired, due their expertise, by Monsanto.  Monsanto is quoted as saying; "We are fortunate to have these experts offerring input to our corporate vision"

 

 

Argentina good luck.  Raped once, raped now by some NY judge who is lifting cocktails with his cronies "dreaming of becoming a Clinton Insider".  Cheers baby.

Thu, 07/24/2014 - 19:14 | 5001293 Buck Johnson
Buck Johnson's picture

Everyone is picking their side and/or positioning for the next shoe to drop before the war commences.  Here's another thing that those countries that have alot of US debt are worried about.  The day that they decide not to roll their debt over will they get a call from the US that essentially tells them you better roll this over and if you don't we will give you and your country problems.  That is the main reason why most of the west hasn't did this, they are afraid.

 

Fri, 07/25/2014 - 00:31 | 5002290 HardAssets
HardAssets's picture

I wonder if gold glows when it's been heavily radiated

Fri, 07/25/2014 - 00:54 | 5002330 BandGap
BandGap's picture

Depends on the wavelength you are measuring. Gold will trap fast neutrons - if near a nuclear strike, almost all metals become radioactive. So will dirt, clays, etc.

 

Fri, 07/25/2014 - 03:52 | 5002520 CuttingEdge
CuttingEdge's picture

Just imagine Goldfinger nuking Ft Knox in 2014...how long does tungsten remain radioactive?

Thu, 07/24/2014 - 21:24 | 5001798 Mesquite
Mesquite's picture

I just checked my calendar....

Thought it must be April 1st..

Thu, 07/24/2014 - 15:32 | 4999938 nope-1004
nope-1004's picture

Pathetic and pitiful fighting.  A once great superpower has diminished itself to waging a banker war.  What a bunch of sissies.

 

 

Thu, 07/24/2014 - 15:37 | 4999992 Dr. Richard Head
Dr. Richard Head's picture

The BRICS are about to give the US a vasectomy.  Soon to be shooting blanks.

Fri, 07/25/2014 - 05:24 | 5002602 Tall Tom
Tall Tom's picture

No. I believe that they are going to make the stud into a gelding. They are going to chop our balls off.

 

Americans will not be shooting anything as they will lack the testicles (and thus the testosterone necessary to even get wood).

 

(A Vasectomy just ties off the VAS Deferens and leaves the Balls intact. There is no change in pitch of the voice after that happens although theye may one be during the process.)

Thu, 07/24/2014 - 15:52 | 5000088 daemon
daemon's picture

" A once great superpower has diminished itself to waging a banker war. "

The US became a "great" superpower BECAUSE they waged bankers' wars.

Thu, 07/24/2014 - 16:23 | 5000152 nope-1004
nope-1004's picture

Yes, but only because there once was a productive economy, jobs, growth, income, and prosperity.  Now it's all a shell game, held together by "banks" that don't even lend.  They've become financial ponzis full of corruption and dead earnings.  They steal instead of create.  They are a bunch of pussies, and Bernanke quitting, Dimon faking his throat cancer, and others being suicided is proof that there is nothing real backing the banking facade.  The financial sector is one big lie and one day people will wake up and demand answers, instead of preparing for the obvious by looking at the glaring evidence of insolvency that exists today.

Thu, 07/24/2014 - 20:49 | 5001676 Rusty Shorts
Rusty Shorts's picture

What doest a Bank produce??? I see one on every fucking corner, what is their product???

Thu, 07/24/2014 - 21:58 | 5001926 Hooter Shaker
Hooter Shaker's picture

Misery.......It's on every corner too...

Fri, 07/25/2014 - 04:12 | 5002537 JR
JR's picture

Daylight armed robbery, fattening themselves on the labor of others.

Thu, 07/24/2014 - 15:57 | 5000089 F0ster
F0ster's picture

This is a Zionist war.

Thu, 07/24/2014 - 17:40 | 5000697 CH1
CH1's picture

Go buy a life somewhere.

Thu, 07/24/2014 - 21:37 | 5001794 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Not all Zionists are Luciferians, they are on the menu like the rest of us.

They are being set up also for a fall.

The zionist joos aka the half pagan samaritian Khazarians never wanted a homeland in Israel, they always wanted it in Ukraine.......

These guys will have no problem working with whoever even if it means sacrificing zionist jews at the altar for that state.

We have children being used as weapons on the US border to play the 'left' off the 'right' with the right getting called racist and heartless for trying to protect the country from a biological outbreak these little weaponized children pose.

Hamas is hiding weapons in civilians houses forcing the Israeli army to target civilian structures. Israel gets shit for at least trying to not bomb civilians by calling and roof knocking first. Has the world pissed off at them for trying to protect their people from Hamas firing rockets into Israel.

Ukraine using civilian airliners as cover to bomb targets. The Russians and Pro-Russian seperatists are demonized for shooting down airliners with no proof.

Seems like someone is using the same playbook in all 3 cases.

There is only one group that tends to see life as this cheap and civilians are fair targets to be used as shields and weapons. That is jihadists.

There is only one jihadist that has ties to all 3 groups here Sinaloa (Fast Furious), Hamas  (Malik) and Ukraine interior defense ministry (Nudelman) aka the right sector. He resides at 1600 Pennsylvania Avenue.

 

Fri, 07/25/2014 - 00:09 | 5002247 Rusty Shorts
Fri, 07/25/2014 - 03:04 | 5002483 New_Meat
New_Meat's picture

+1 and good on ya' rustie, and how are you lad? - Ned

 

Fri, 07/25/2014 - 18:37 | 5005625 Rusty Shorts
Rusty Shorts's picture

I'm good New Meat, hope you are doing well !!

Fri, 07/25/2014 - 04:18 | 5002542 JR
JR's picture

"When a Jew, in America or in South Africa, talks to his Jewish companions about 'our' government, he means the government of Israel."

- David Ben-Gurion, Israeli Prime Minister

Fri, 07/25/2014 - 06:12 | 5002646 PhilofOz
PhilofOz's picture

...and you dumb-asses let dual citizens in all forms of government there as well as the Supreme Court while most of the rest are blackmailed or bribed into going along with whatever the government of Israel demands!

Thu, 07/24/2014 - 15:56 | 5000114 angel_of_joy
angel_of_joy's picture

Duh ! A dumb move from a dumb guy... what a big fucking surprise ! What else would you expect from Obozo ? A stroke of genius ??

Thu, 07/24/2014 - 16:24 | 5000245 NotApplicable
NotApplicable's picture

Obummer likely never even heard of FBME until he was told it was going to be taken down.

I don't understand why people always confuse the puppets with the puppeteers.

Honestly, this shit ain't that hard!

Thu, 07/24/2014 - 22:35 | 5002047 angel_of_joy
angel_of_joy's picture

He might be a puppet but he is still the chief of the government and liable for all its mistakes. The fact that he ACTS like a sock puppet, only proves his stupidity. He could at least try to be a bit more classy...

Fri, 07/25/2014 - 04:37 | 5002560 JR
JR's picture

The man who holds the finances of the nation in his hands is the chief of the government.

Private property, freedom of speech, freedom to assemble, equal justice under the law, fair taxation -- all fall to the “I have a pen and I don’t need the legislature” president.

In truth, these words and actions are from Barack Obama but really come from the Fed's newest addition to the Administration, powerful Jewish corporate lobbyist and political operative, John Podesta. Wrote Mike Dorning in "Podesta’s Push for Executive Power Raises Stakes on Obama Agenda" on December 19, 2013:

“When the Republican victory in the 2010 midterm election raised the prospect of political gridlock, John Podesta was ready with an answer: The president should bypass Congress and wield the executive powers of his office."

Podesta, just like Obama, works for the central bankers in tandem with George Soros,  the ultimate symbol of greed and facilitator of the gathering of power in a central location.

A fully purchased Congress has no interest in stopping this takeover.

Fri, 07/25/2014 - 03:13 | 5002487 New_Meat
New_Meat's picture

NO! he heard about it on the MSM, oh wait, he doesn't listen to the msm,

OH, nvm

Thu, 07/24/2014 - 16:26 | 5000256 Rican
Rican's picture

Every war is a banker war.

Fri, 07/25/2014 - 01:05 | 5002348 disabledvet
disabledvet's picture

Really? Who were Hitler's Bankers?

The weird part about World Wad II is "if everyone knew if was coming why did 40 million end up dying?"

Apparently there was a little misundestimating going on again!

Fri, 07/25/2014 - 01:12 | 5002358 Idisq
Idisq's picture

I thought the bushes had a hand in financing Hitler?

Fri, 07/25/2014 - 06:39 | 5002663 oudinot
oudinot's picture

You were right.

Prescott Bush, father of George Bush , was a partner in Harriman Brothers in New York, a brokerage, investment bank.  They finaced the German war machine until August of 1943 when the American Congress shut their German financing game down.

None of the partners were disciplined.

Prescott Bush became a Senator (I think from Maine) after the war.

Fri, 07/25/2014 - 03:11 | 5002485 gold-is-not-dead
gold-is-not-dead's picture

Check who financed Hitler and Franz Ferdinand.

Fri, 07/25/2014 - 04:13 | 5002532 Lore
Lore's picture

Test DisabledVet, and you find he knows little and questions less. Being argumentative and confrontational is his only means of getting attention. He's like the ugly garden gnome in the neighbor's yard: annoying, but not much you can do about it.

"Who were Hitler's Bankers?"  <-- Here's a test for you, DV. How about YOU go digging & share your findings?

Fri, 07/25/2014 - 04:35 | 5002557 blabam
blabam's picture

He's probably disabled in the head. 

Fri, 07/25/2014 - 05:02 | 5002583 JR
JR's picture

Hitler's most prominent banker was Max Warburg.

The Versailles Treaty negotiations after WWI -- which forced Germany into WWII out of starvation and desperation as Lord Keynes warned they would -- were held behind closed doors at the luxurious private mansion of Rothschild family member, Edmund Rothschild. Treaty negotiators included Rothschild agent Paul Warburg (founder of the Fed) as the US delegate and his brother Max Warburg as a German delegate.

“While Paul Warburg was making America safer for financiers (the Federal Reserve System),” writes John Weir in a review of Ron Chernow’s 820-page, The Warburgs: The Twentieth-Century Odyssey of a Remarkable Jewish Family, “his older brother, Max, was busy in Hamburg helping finance construction of Germany's new merchant fleet through the HAPAG company. Because the Warburg family fortune was built on financing international trade, Max Warburg naturally sought to encourage the growth of such trade. For the same reasons, international bankers encouraged the removal of tariffs and other trade barriers…"

Max Warburg, head of the German Secret Service in WWI, headquartered the family banking house in Hamburg.

Writes Weir: “When Hitler came to power in January 1933, Max Warburg was Germany's most prominent Jewish banker (who had represented Germany at the Paris Peace Conference that negotiated the Treaty of Versailles signed in 1919). He headed Germany’s most important private banking firm, and was a member of the ‘general council’ of the nation's central bank. In March 1933 he approved Hitler's decision to name Dr. Hjalmar Schacht as president of the Reichsbank. The document naming Schacht to this post is signed by Chancellor Hitler and President von Hindenburg as well as the eight members of the Reichsbank ‘general council,’ including  Mendelssohn, Wassermann and Warburg…"

In 1936… (three years after Hitler took power), the M. M. Warburg bank in Hamburg was still profitable. Among other lucrative connections, it was still disbursing interest payments to bondholders for the giant Friedrich Krupp company of Essen. As Siegmund Warburg wrote in July 1936: "M. M. W. and Co. are still remarkably untouched by the Nazi situation and the business is doing well." Even in 1938, notes Chernow, the Warburg bank was turning a profit.

http://www.ihr.org/jhr/v15/v15n5p33_Weir.html

In 1938, Hitler occupied Austria; in 1939, Max Warburg was allowed to sail to New York, funds intact.

Fri, 07/25/2014 - 04:50 | 5002569 JR
JR's picture

"The issue which has swept down the centuries
and which will have to be fought sooner or later
is the people versus the banks."

– Lord Action (John Emerich Edward Dalberg Action, 1834-1902, First Baron Acton of Aldenham

That time has arrived. The international bankers - once parasites on an economic system and once counsels to the kings, presidents and parliaments - are now the kings.

They have graduated from parasite to tyrant. And they intend…to take it all. Their mechanism and their intentions are clear: it’s the Federal Reserve System - one hundred years of increasing destruction that has now come to its climax as Lord Acton said it would, that ultimate battle, the people versus the banks.

Thu, 07/24/2014 - 15:32 | 4999940 DoChenRollingBearing
DoChenRollingBearing's picture

Obama is doing all of this on purpose: to destroy America to rebuild it in his image.  

Cloward-Piven.  Saul Alinsky.

He did not make them.  THEY made Obama.

Thu, 07/24/2014 - 15:35 | 4999967 Sudden Debt
Sudden Debt's picture

America is really acting like that little kid the bullies send out to push the bigger guys in hopes they hit him so they can intervene.

There will come a point where solid coalitions will be formed against America if he keeps up like this...

But what he's doing is not provoking a fight because a fight is something you ingage thinking you can win. Otherwise it's suicide.

Thu, 07/24/2014 - 15:39 | 4999998 fonzannoon
fonzannoon's picture

Actual footage of the bank takeover when the bank manager asked for the confiscated funds back.

 

https://www.youtube.com/watch?v=xFJThMDLYM4

Thu, 07/24/2014 - 15:43 | 5000030 knukles
knukles's picture

Oh, you beat me to it, DoChen.
Kudos.

 

Just like Him calling up the NatGuard ....  Since Vietnam when the Guard was basically subsumed into the regular Army, all He does is Call Them Up, send them home and voila, no more responsibility to the Governors.

Huh....

Getting creepy AJ style

Thu, 07/24/2014 - 15:45 | 5000047 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

#Winners!

Thu, 07/24/2014 - 18:24 | 5000990 The Alarmist
The Alarmist's picture

#TigerHope

Thu, 07/24/2014 - 20:40 | 5001658 WhackoWarner
WhackoWarner's picture

Can't someone make this into a reality show already?  That way we can see "bald" and "NO NO" commercials as we watch the idiots burn?

Thu, 07/24/2014 - 23:13 | 5002141 jon dough
jon dough's picture

Oh man, those fucking No-No commercials give me the heebie-jeebies.

Like Stephen King's "IT".

Thu, 07/24/2014 - 20:50 | 5001692 drendebe10
drendebe10's picture

Bring it on...

Thu, 07/24/2014 - 15:29 | 4999922 souljaboy
souljaboy's picture

It's almost as though Obama is destroying US credibility on purpose. That can't be. Silly me.

Thu, 07/24/2014 - 15:33 | 4999944 Sudden Debt
Sudden Debt's picture

In about a 1000 ways!

Now bush was a idiot but even he wouldn't do shit like this!

Thu, 07/24/2014 - 17:29 | 5000596 Farqued Up
Farqued Up's picture

Bush was subtle, too scared from necrophilia rituals in caskets at the Yale Skull and Boner cave. Just FABULOUS. 

Thu, 07/24/2014 - 23:49 | 5002205 Nick Jihad
Nick Jihad's picture

Yeah, I think what this represents, is the Chicago Way, scaled up to the international arena.

Thu, 07/24/2014 - 15:30 | 4999923 NoDebt
NoDebt's picture

I KNEW this was going to be a Simon Black article.  I just KNEW IT.

The US has been doing this shit all over the world since 9/11 and the Patriot Act (very quietly, mind you).  Maybe even before then.

Thu, 07/24/2014 - 15:46 | 5000025 Rainman
Rainman's picture

Spot on ....... since 2003 to be exact. Authorization is in section 319 of the Patriot Act.

http://www.nytimes.com/2003/05/30/national/30PATR.html

Thu, 07/24/2014 - 15:32 | 4999925 Oldwood
Oldwood's picture

America....."winning"

Subjugating the world for the good of us all.

Thu, 07/24/2014 - 15:57 | 5000116 what's that smell
what&#039;s that smell's picture

a runaway train to nowhere picking up speed.

Thu, 07/24/2014 - 16:04 | 5000158 Oldwood
Oldwood's picture

At some point people will realize the true meaning of Utopia is death. Once we have society perfected and all of the miscreants eliminated, nothing will remain of us except maybe a computer virus floating about disrupting idled centrifuges.

Thu, 07/24/2014 - 15:31 | 4999935 Sudden Debt
Sudden Debt's picture

The US is still the largest economy in the world, but will likely lose this status to China by the end of the year.

Euhhhh... No it isn't. europe is the biggest and the US is second.

Thu, 07/24/2014 - 15:34 | 4999968 Oldwood
Oldwood's picture

What is the single largest economy that shares a single language AND banking system?

Thu, 07/24/2014 - 15:38 | 4999987 Sudden Debt
Sudden Debt's picture

Well, we know it's not America you're talking about.
In 2040, there will be more spanish speaking citizens than english.

So you're talking about Russia?

Thu, 07/24/2014 - 15:40 | 5000001 NoDebt
NoDebt's picture

Holy cow, you and I just agreed on something.  That's gotta be a sign of the apocalypse or something.

Just kidding.  I love you, you crazy European socialist.

Any luck getting the parents to realize the US is not their friend?

Thu, 07/24/2014 - 15:40 | 5000016 Sudden Debt
Sudden Debt's picture

Cows are for eating they're not holy :)
Did you know we eat 1000 cows on average in our lifetime?

Thu, 07/24/2014 - 15:55 | 5000103 NoDebt
NoDebt's picture

I ate 3 just last night.  <burp!>

I have a feeling I'm way ahead of schedule on that one.

Thu, 07/24/2014 - 18:05 | 5000881 Keyser
Keyser's picture

In 2040, there will be more spanish speaking citizens than english.

BY 2040 all of the EU will be Muslim and under Sharia law... I'll take beaners any day over mussies... Just saying'... 


Thu, 07/24/2014 - 15:56 | 5000104 Oldwood
Oldwood's picture

Holy crap! I evidently only have two left!

What I really need to know is how many chickens do I have left?

Fri, 07/25/2014 - 05:06 | 5002585 barre-de-rire
barre-de-rire's picture

source ?

 

Fri, 07/25/2014 - 05:43 | 5002614 Tall Tom
Tall Tom's picture

CHINA...If you can use your head and think about it you do not need a fucking source.

 

There are over 1.5 Billion Chinese in the World that use their Banking System and they are the 2nd Largest, if not the largest, economy in the World. (I have read that they surpassed the USA in 2013.)

 

I hope that answers your question, Oldwood.

Thu, 07/24/2014 - 15:37 | 4999989 NoDebt
NoDebt's picture

Well, the US is split almost 50/50 between people who speak Spanish and people who speak English, so we're out.

I'm stumped.  Who?

Thu, 07/24/2014 - 15:48 | 5000060 DoChenRollingBearing
DoChenRollingBearing's picture

Tampoco sé!  Quien puede ser?

Fri, 07/25/2014 - 05:07 | 5002587 barre-de-rire
barre-de-rire's picture

cabeza de melon

Thu, 07/24/2014 - 15:48 | 5000069 Oldwood
Oldwood's picture

I have no fucking idea. I just wonder what actually constitutes a country or an economy for that matter.

Language?

Borders?

Culture?

Who's picture is on our money? (soon, with digital money, we won't even have that)

I guess we are just destined to be citizens of the world, living under god only knows who's rules. Probably some Weyland/Soylent joint venture.

Thu, 07/24/2014 - 15:53 | 5000093 Sudden Debt
Sudden Debt's picture

Taxes

Thu, 07/24/2014 - 15:58 | 5000122 Oldwood
Oldwood's picture

America taxes people living and earning all over the world. Thats a lot of territory, but they seem to be working on getting it all under control. I sure hope it works out for us, now that we have Cyprus banks as well.

Thu, 07/24/2014 - 18:30 | 5001023 The Alarmist
The Alarmist's picture

Yes, tax policy that is shared with other progressive nations like North Korea and Yemen. #forward

Fri, 07/25/2014 - 05:47 | 5002620 Tall Tom
Tall Tom's picture

A common CURRENCY. That is what a Nation shares in common. It is the second most intimate fluid. (First is air, we all breath the same air,, then it is currency, we all share the same money,, then it is Sex, ideally we are very stingy about that.)

Thu, 07/24/2014 - 15:52 | 5000085 Winston Churchill
Winston Churchill's picture

You don't speak English , you speak American , and its damn confusing for

English speakers.If my mother had not been American , I would have been lost for a

while here.Same words with different meanings, may as well speak Mandarin.

Thu, 07/24/2014 - 15:59 | 5000132 Oldwood
Oldwood's picture

Imagine how we feel. Words are changing their meanings daily, and the worst of it is, an improper utterance could put you on the wrong side of the law. Political correctness allows the continual redefinition of words to better facilitate their powers of intimidation.

Thu, 07/24/2014 - 18:34 | 5001044 The Alarmist
The Alarmist's picture

I once had a european colleague ask me the correct way to say something in English.  Afterwards he asked the same of a Brit colleague whose grammar was unfortunately not up to snuff by both Brit and American standards.  When I saw the resulting document, I asked why he had gone with the Brit's version, and his answer was, "She's English, so I assumed her way of putting was more correct than yours."

Thu, 07/24/2014 - 20:57 | 5001715 Rusty Shorts
Rusty Shorts's picture

There's always Authentic Frontier Gibberish...

 

https://www.youtube.com/watch?v=ke5Mr5eCF2U

Thu, 07/24/2014 - 21:30 | 5001824 NeedtoSecede
NeedtoSecede's picture

+1 From Rusty Shorts to Blazing Saddles.

Couldn't make that movie today...

Fuck, we are in trouble...

Thu, 07/24/2014 - 21:56 | 5001919 Rusty Shorts
Rusty Shorts's picture

No shit, there's a new sheriff in town

https://www.youtube.com/watch?v=upvZdVK913I

Fri, 07/25/2014 - 05:59 | 5002633 Tall Tom
Tall Tom's picture

The scene that Mel Brooks cut but should have left in...AS HE DESCRIBES IT...

 

http://youtu.be/987L5nDBID4?t=2m22s

Thu, 07/24/2014 - 17:10 | 5000465 goldhedge
goldhedge's picture

Not all parts of Europe pull their share of the weight.

Thu, 07/24/2014 - 15:34 | 4999947 RaceToTheBottom
RaceToTheBottom's picture

It could not be related to all that Russian money that flowed into Cyprus into Cyprus banks, no?

Bankster competition not acceptable to TBTF banksters?

I am sure they were just concerned about getting their toaster....

 

Thu, 07/24/2014 - 15:39 | 5000012 Dr. Richard Head
Dr. Richard Head's picture

After seizing the bank, all the men in black were able to find in the vaults were millions of IOUs for just one spideman towel.

Thu, 07/24/2014 - 15:34 | 4999962 gcjohns1971
gcjohns1971's picture

He WANTS to crash the US, you dunces.

The money printing has a purpose.

The purpose is to change ownership.

Those who receive the printed money gain ownership.

When that process is complete, they can crash the financial system.

The ensuing chaos will make any effort to trace the origin of the ownership impossible as cascades of collapsing contracts have to be resolved.

They will then be able to exert their ownership of the global means of production to their desired ends...

Thu, 07/24/2014 - 15:39 | 5000007 nope-1004
nope-1004's picture

Ya, cuz printed money makes u rich.  I've kept under my mattress like a thousand $1 dollar bills since 1971 - soon I'm going to be an instant millionaire!

Print MOAR Mr. Yellen!!

Thu, 07/24/2014 - 15:47 | 5000051 gcjohns1971
gcjohns1971's picture

The newly printed money has the same spending value as the old the first time it is spent.

Think about what happens when a company management gives themselves 'outperform' stock options.

The original investors in the company own progressively less and less, and the management owns progressively more and more.

That is what money printing does for the recipients of the new cash.

If there were $1 Trillion outstanding, and you had $1, then you own 1/1 Trillionth of the real goods in the economy.

If they subsequently print $9 Trillion and give it to themselves and their 8 best friends, then they and their friends get richer in real terms.

Where their friends perhaps had 1/1trillionth before printing, now each has 1/10th of the economy.

This is how the government and the owners of the Federal Reserve profit. The share of the economy they own grows. And the share everyone else owns shrinks.

Get it?

Thu, 07/24/2014 - 15:54 | 5000100 centerline
centerline's picture

keep rolling gc...  the cash can be used to buy real assets.  Land, art, etc.  Mean of production.  Resources.  It can be used to buy favors as well.  To bend laws.  You name it.

Thu, 07/24/2014 - 22:59 | 5002110 NidStyles
NidStyles's picture

If the banks collapse those cash dollars will still be worth more than digital ones that no longer exist.

Fri, 07/25/2014 - 06:03 | 5002637 Tall Tom
Tall Tom's picture

Most of the $12 Trillion in cash that Foreign Central Banks hold are PHYSICAL and not Digital.

 

There is roughly $1 Trillion that circulates as Physical in the USA.

 

That is just a 1200% Physical Currency Inflation when all of those notes come back to our shores.

 

What are you smoking?

Thu, 07/24/2014 - 23:17 | 5002145 bid the soldier...
bid the soldiers shoot's picture

(dabbing sweat off forehead)

Phew. Then there is no worry about sparking hyperinflation.

Cause the Fed knows what it's doing.

Thu, 07/24/2014 - 15:40 | 5000011 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

gcjohns1971

Yes.  Cloward-Piven & Saul Alinsky.

This is not hard to understand.

Thu, 07/24/2014 - 15:40 | 5000015 Oldwood
Oldwood's picture

Isn't it grand that because of technology so many people can actually witness this WHILE it happens rather than having to read about it in history books?

So exciting!!

The grand reformation to the utopian village lifestyle. What did another great leader call it...the great leap forward?

http://www.independent.co.uk/arts-entertainment/books/news/maos-great-le...

Thu, 07/24/2014 - 15:38 | 4999988 astoriajoe
astoriajoe's picture

<---They are that dumb

<---This is all planned.

Thu, 07/24/2014 - 15:37 | 4999990 KidHorn
KidHorn's picture

Remind me again why we're trying to reignite the cold war.

Thu, 07/24/2014 - 15:38 | 5000005 Sudden Debt
Sudden Debt's picture

That to big industrial complex still wants to grow even bigger.

Thu, 07/24/2014 - 15:40 | 5000013 SMG
SMG's picture

So we all die and don't use up what the Bankster Oligarchs view as their resources. 

Thu, 07/24/2014 - 15:41 | 5000020 Oldwood
Oldwood's picture

To combat global warming..

Thu, 07/24/2014 - 16:03 | 5000145 dvfco
dvfco's picture

Christ, you are SO 2010! - It's now to prevent GLOBAL CLIMATE DISRUPTION.

(FYI - Full credit would have been given for use of the simple 'CLIMATE CHANGE' as well.)

Thu, 07/24/2014 - 15:50 | 5000071 gcjohns1971
gcjohns1971's picture

Because they see the pitchforks coming out to get them and want to redirect them against the Russians.

Thu, 07/24/2014 - 15:42 | 5000027 WTFUD
WTFUD's picture

Vichy DC has lost the plot big time!

Thu, 07/24/2014 - 15:44 | 5000033 world_debt_slave
world_debt_slave's picture

just doing Gods Work

Thu, 07/24/2014 - 15:48 | 5000068 NYPoke
NYPoke's picture

The Fed, either you are in the Mafia or you are not.  

 

Once in, you need to become a Made Bank.  After that, you got it Made.

Thu, 07/24/2014 - 15:52 | 5000084 Oldwood
Oldwood's picture

There can only be one ring to rule them all. These fuckers are stepping on corpses to get to the top of the heap yet, in the end, most of them will join the corpses. There is no honor amongst thieves.

Thu, 07/24/2014 - 18:49 | 5001157 RafterManFMJ
RafterManFMJ's picture

Awesome imagery.

Thu, 07/24/2014 - 23:56 | 5002219 Nick Jihad
Nick Jihad's picture

Speaking of LoTR - you know how Gollum ended up being the one to destroy the Ring, quite unintentionally, when Frodo could not bring himself to do what was necessary?  I'm thinking Gollum = Obama, Ring = US Dollar.

Fri, 07/25/2014 - 00:11 | 5002250 Alvin Fernald
Alvin Fernald's picture

Then who is Frodo?

Fri, 07/25/2014 - 03:58 | 5002526 CuttingEdge
CuttingEdge's picture

Ron Paul?

Fri, 07/25/2014 - 05:14 | 5002594 barre-de-rire
barre-de-rire's picture

yo mama so fat they surged her a lord of the gastric ring

Thu, 07/24/2014 - 15:51 | 5000078 hidingfromhelis
hidingfromhelis's picture

Can anyone imagine what it would be like if the US turned that sort of heavy-handed, bureaucratic thuggery and intimidation on their own citizens?  Oh, wait....

Thu, 07/24/2014 - 15:51 | 5000079 WTFUD
WTFUD's picture

Everything belongs to the Banksters; your savings, house and your kids. So stop complaining.
.GOV

PS Were those ex Blackwater Suits and like the Iraqi army did cyprus just turn and run?

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