By Bix Weir, Road To Roota: Sunday, October 26, 2014 11:11
I have been warning everyone that the gold and silver derivative markets were being “set blaze” for the last few months and that the backrooms of these major participants (Deutsche Bank, JP Morgan, Citibank, HSBC, et al) are being gutted. These banks are not long for this world.
News coming out this weekend that a MAJOR, MAJOR player in this “Mafia-Like” banking cabal has been found dead in the midst of the chaos.
Check this out: Deutsche Bank Lawyer Found Dead by Suicide in New York
Yes – this likely part of the Gambino crime family is knee deep in gold and silver derivatives…surprise! The Gambino family found out long ago that a life of crime in the Stock Market is much cleaner and much easier than the ways of their ancestors!
The “Good Guys run” Zerohedge (of course) put two and two together with the previous suicide of Deutsche Bank’s William Broeksmit back in January…
Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide
From Zero Hedge:
“Another exhibit released by Levin was an August 25, 2009 email from William Broeksmit to Anshu Jain, with a cc to Ramakrishna, where Broeksmit went into copious detail on exactly what the scheme, internally called MAPS, made possible for the bank and for its client, the Renaissance Technologies hedge fund.”“Broeksmit goes on to say that most of Deutsche’s money from the scheme “is actually made by lending them specials that we have on inventory and they pay far above the regular rates for that.”
“Recall from around the time when the first DB banker hung himself: it was then that Elke Koenig, the president of Germany’s top financial regulator, Bafin, said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.”
“It remains to be seen if Calogero’s death was also related to precious metals rigging although it certainly would not be surprising. What is surprising, is that slowly things are starting to fall apart at the one bank which as we won’t tire of highlighting, has a bigger pyramid of notional derivatives on its balance sheet than even JPMorgan, amounting to 20 times more than the GDP of Germany itself, and where if any internal investigation ever goes to the very top, then Europe itself, and thus the world, would be in jeopardy.”
So here’s what we have to look forward to next week…
– Breaking stories of the largest derivative holder in the world, Deutsche Bank, having derivative problems in their quarterly report to be released on the 29th.
– News over the weekend of at least two newly suicided banksters that dealt in complicated derivative transactions…potentially more on the way.
– Ebola outbreaks in New York City as fear spreads throughout the subway every time someone sneezes.
– The long term manipulation of the stock market bubbling up to it’s all time highs.
and – With physical Gold and Silver demand at ALL TIME HIGHS the manipulated prices are at 5 year lows…
What could go wrong?!
Strap in my friends.
May the Road you choose be the Right Road.
PS – Hundreds of trillions in derivative transactions going sideways might sound bad for the Banks but it’s 100x worse for the Average Joe who saved his whole life and put his money into their system for retirement. Sean and I have tried to spread the truth and we are closing in on 200,000 views of this explosive interview: The Shocking Truth the History Channel Can’t Tell You!
China launches new World Bank rival
China and India are backing a 21 country $100 billion Asian Infrastructure Investment Bank (AIIB) to challenge to the World Bank and Asian Development Bank.
Memorandum of understanding were signed with 21 Asian countries in Beijing Friday. Australia, Indonesia and South Korea were absent following hidden pressure from Washington.
The development bank was proposed a year ago by Chinese President Xi Jinping, and is to offer financing for infrastructure projects in underdeveloped Asian countries.
Headquartered in Beijing, former chairman of the China International Capital Corp investment bank Jim Liqun, is expected to take a leading role.
The bank will initially be capitalized with $50 billion, most of it contributed by China. The country is planning to increase authorized capital to $100 billion. With that amount the AIIB would be two-thirds the size of the $175 billion Asian Development Bank.
India will be the second largest bank shareholder though Kuwait, Qatar, Mongolia, Kazakhstan, Pakistan, Nepal, Oman, and all the countries of the Association of Southeast Asia, except Indonesia are involved.
Australia, Indonesia and South Korea did not participate following US claims of ‘concerns’ about a rival to Western-dominated multilateral lenders.
Japan, China’s main rival in Asia, which dominates the Asian Development Bank along with the United States, did not attend but had not been expected to do so.
Indonesia refused to participate claiming it needs time to discuss China’s proposal.
The Australian Financial Review said US Secretary of State John Kerry had personally asked Australian Prime Minister Tony Abbott to “steer clear” from joining AIIB.
“Australia has been under pressure from the US for some time to not become a founding member of the bank and it is understood Mr. Kerry put the case directly to the prime minister when the pair met in Jakarta on Monday following the inauguration of Indonesian President Joko Widodo,” the paper said.
South Korea, one of America’s closest allies in Asia, is also prevaricating. Its finance ministry said it spoke with China to request more time to consider details such as the AIIB’s governance and operational principles.
US officials have said they do not want to support an initiative Washington thinks is unlikely to promote good environmental, procurement and human rights standards in the way the World Bank and ADB are required to do.
But Chinese officials are convinced the American opposition is an attempt to contain the global rise of China and its ambition to remain the dominant power in Asia.
“You could think of this as a basketball game in which the US wants to set the duration of the game, the size of the court, the height of the basket and everything else to suit itself,” Wei Jianguo, a former Chinese commerce minister, told the Financial Times.
Matthew Goodman, scholar at the Center for Strategic and International Studies in Washington DC believes the initiatives of a BRICS Bank and AIIB “represent the first serious institutional challenge to the global economic order.”
Chinese Finance Minister Lou Jiwei said the AIIB will set high standards, safeguard policies and improve on bureaucratic, unrealistic and irrelevant policies, according to the Xinhua news agency.