In 2007, the Sentinel Management Group (SMG) collapsed, leaving many customer segregated funds lost after they had been used as collateral. After a plethora of lawsuits and creditor claims, a decision earlier this month in the 7th Circuit Court placed the banking cartels ahead of customer claims for funds returned. Essentially, the Bank of New York Mellon…
When polled, 56% of the 1,512 Canadians responded positively to going to a cashless society and using digital currency instead of carrying fiat in their wallet. BA International, the corporation that prints fiat currency in Ottawa, Canada, has announced that it has ceased printing paper fiat as of December 2012. The replacement currency is moving toward polymer bills. Because…
Blueseed is a San Francisco startup corporations that plans to launch a floating city 12 nautical miles off the coast of California.Blueseed will revamp a cruise ship or barge to create the off-shore city. It will sit in international waters and be a metropolis where foreign and American workers can conduct business and theorize new corporations…
As of August 9th of this year, the banks are legally allowed to co-mingle customer segregated funds with their own if the financial institution is insolvent, under duress or in bankruptcy. In other words, the technocrats have made the theft that Jon Corzine committed a non-criminal offense. The latest scheme of the banking cartels has been introduced…
According to the Census Bureau, 15% of the US population descended into poverty in 2011. That amounts to 46 million Americans at or below the poverty threshold with an average household income of $23,200.00 annually for a family of four. Socialist programs like social security benefits assured that 21 million people were kept out of poverty. At…
The fall of the House of Morgan has begun as stock prices on the global market at Morgan Stanley (MS) begin to fall on the New York Stock Exchange (NYSE). According to Rick Wiles: “I’m hearing rumors that another major financial house is going to implode. In fact, the name I’ve been given is Morgan Stanley . ….
In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.” These customer funds were used to “back up personal investments” which were…
The biggest banks in the US have been given advisement by US regulators that they must make plans to stave off a complete financial collapse without relying on the US government. Bank of America, Goldman Sachs and other technocrats have secretly crafted worst-case scenarios in which they can continue to thrive during a full-blown domestic monetary crisis….
According to Citigroup, US and European regulations force banks to purchase government debt; which will only lead to the debt crisis worsening. Citigroup conducted a study that showed regulators mandate banks to buy government debt against internal capital requirements. Yet other rules facilitate the stability of the government bonds market. In this scenario, the government issues more debt that…
China is buying gold with no end in sight. With their stockpiles of fiat currency called yen, China is becoming a power player in the world of precious metals. And this makes perfect sense. The BRICs countries have decided NOT to accept the US dollar as the world’s reserve currency. China will be trading in…
