Unemployment Movement

Now this! I hope will really make you sit up as it explains what the real game of the BANKSTERS is;
Dumb parasitic Logic: Government is More Afraid of Debt than Depression - Michael Hudson, Real News.

Why Government is More Afraid of Debt than Depression

Let’s put some of what this video shines a light on, in the contest of the British economy…..

GOING DUTCH

Having exposed Britain’s biggest tax avoidance scheme, run by Vodafone, the Eye can reveal number two: an equally clever offshore wheeze operated by the country’s largest bank, HSBC.

Since 2002, the colonial-era bank that moved its headquarters to London in 1993 as the price of acquiring Midland Bank has been operating a huge tax avoidance structure that has so far cost the British taxpayer £2bn.

Now for a real shocker! And if you are up to a bit of research look at their connections to JP Morgan and the biggest fraud in history.

Otherwise we see here the fraudsters are on the boards at tresury level that set government policy…..

PS At the heart of HSBC’s offshore setup – which produces its phenomenally low overall tax rates (5.4 percent in 2009) – is tax director Chris Spooner, whose presence as a founding director of HSBC Asia Holdings BV betrays the tax motivation behind the company. The same Mr Spooner sits on the Treasury “liaison committee” that has just successfully persuaded the government to relax the rules governing offshore profits.

PPS Presiding over the industrial-scale tax dodging was HSBC’s chief executive from 2003 to 2006, then chairman until this month, ordained Anglican priest Stephen Green, whose £6m-worth of HSBC shares and £1.25m salary were enhanced by every penny of tax avoided. He was also a director of the Hong Kong bank. Green’s personal output includes books Good Value and Serving God? Serving Mammon?, which eased his ennoblement and his new job as a government business minister, Vince Cable drooling: “In Stephen we will be appointing a minister with a long career as a leading international banker, one of the few to emerge with credit from the recent financial crisis, and somebody who has set out a powerful philosophy for ethical business.” The same St Vincent this month baulked at Cadbury’s new owner Kraft moving famous chocolate brands to Switzerland for tax reasons. Someone ought to mention that his new ethical minister has been up to far worse for the best part of a decade.

Read the full article at; Private Eye

Now a question to the many Anti-Cuts campaigners… Do you think you are chasing the right people if the Banksters are pulling the strings?

Global regulators fail to agree on new rules to govern the world’s banks.

The first thing people need to understand is that the economic crash wasn't a crash for the people who caused it. In fact, these financial terrorists are now doing better than ever and have the global regulators nicely stashed in their pocket. Cue the Basel Committee on Banking Supervision and its failure to significantly control the banking sector, with ready comments by committee members that they will try to do better.

You don’t have to pour over conspiracy theories or listen to loony tune economists to realise the BANKSTERS are not going to let go of their bonuses or agree to anything that stifles their game. The trouble is so much energy is being put into campaigns against the government that the Mafia bosses are being overlooked and will continue to act with impunity until they are faced down by the rage of the public.

Banks Best Basel as Regulators Dilute or Delay Capital Rules

More than 500 representatives from 27 nations, including top regulators and central bankers, met dozens of times this year to hammer out 440 pages of new rules to govern the world's banks.

"There will be changes, but not fundamental changes to the banking model," said Sheila Bair, who as chairman of the U.S. Federal Deposit Insurance Corp. sits on the Basel committee's top decision-making body. "Hopefully there'll be some pressure for banks to get smaller and simpler."

Banks carried out a yearlong campaign to blunt international regulations, arguing that efforts to rein them in would curb lending and impede economic recovery. The lobbying effort was led by the Institute of International Finance, which represents more than 400 financial firms around the world and is chaired by Josef Ackermann, Deutsche Bank AG's chief executive officer. Ackermann and other IIF members wrote hundreds of letters to the Basel committee, met with regulators and addressed forums from Seoul to Washington.

Source; bloomberg

As we all know the HSBC bank and its advertising, maybe they should let us in on what their involvement has been with Bernard Madoff since the reports coming out significantly implicate the bank in knowingly being involved in this man’s Ponzi scheme.

If these articles were about a benefits fraud there`d be all over the news for weeks but it seems with the assistance of the main media the public will be ‘wilfully blinded`, but what can we expect from journalists who in the majority of the time were educated in the same universities as the speculators, brokers and bankers and probably knew them.

Madoff lawsuits charge JPMorgan and HSBC with complicity in Ponzi scheme

Andre Damon writes: Two years after the arrest of Bernard Madoff, ample evidence has emerged that a substantial number of major financial institutions profited from and knowingly facilitated his Ponzi scheme

Source; Market Oracle

HSBC knew

The role that fraud is playing in all this and financial crime is playing in on all this is also downplayed. HSBC bank just implicated in the Madoff scandals. Apparently they knew that Madoff was running a Ponzi scheme in 2001. Their executives told their other bankers not to invest with him, but they did anyway because their returns on paper looked good. This is what we have going on. It's a really tremendous, pervasive amount of crime. What I deal with in my film, "Plunder: the Crime of Our Time" and my new book called "The Crime of Our Time" actually makes the crime narrative more explicit and offers more evidence about how markets are manipulated and how fraud is institutionalized.

Source; Press TV


UBS, HSBC and JP Morgan face suits over 'wilful blindness' on Madoff

UBS is the latest bank to be sued for failing to act on suspicions relating to the Ponzi fund run by Bernard Madoff. The $2.5 billion suit has been brought by investors in the funds, and the bank joins HSBC and JP Morgan in facing claims by Irving Picard, who is overseeing the liquidation of Madoff’s firms.

It is claimed the banks allowed Madoff’s scheme to continue by ignoring warning signs. In suits, Picard has described all three banks as being “wilfully blind” to the Madoff fraud. The most recent, filed against UBS, claims the bank “chose to enable Madoff’s fraud for [its] own gain”.

Source; Risk.net