Today, some of the most influential, celebrated individuals and institutions are ensconced within the financial industry (in banks, hedge funds, and private equity firms). Which is odd because none of these firms or individuals actually make anything, which society might point to as advancing our living standards. Instead, these financial magicians harvest value from the rest of society that has to work hard to produce real things of real value.
Having shared information about the global monetary system of control, Literally hundreds of times, I recognize that some people need to hear it from many different sources or perhaps for the thousandth time before they replace the false belief about money with the truth of what is Really Happening.
With this wish, maybe some will view the videos below and discern the truth about money…
Still Report # 230 – IMF Researcher Supports Monetary Reform
Posted 4 April 2014
International Monetary Fund (IMF) Researcher Michael Kumhof at the London School of Economics talking on “The Chicago Plan Revisited“.
Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group. http://www.godfreybloommep.co.uk
European Parliament, Strasbourg, 16 April 2013
Posted 23 May 2012 European Parliament, Strasbourg
Reblogged this on Giftoftruth United.
JP Morgan Asia CEO Raided by Hong Kong Authorities
Posted 31 March 2014
AMTV reports on an outgoing JP Morgan Asia CEO named Fang Fang.
Office Of Outgoing JPMorgan Asia CEO Raided By Hong Kong’s Commission Against Corruption
It just hasn’t been JPMorgan’s year. Or several years for that matter. The bank which has been on a steady downward slope when it comes to paying billions in quarterly “non-recurring, one-time” legal settlements and charges, and for which engaging in criminal behavior which is neither admitted nor denied, yet which has cost JPM nearly $30 billion in the past several years, has just had its latest “wristslapping” incident, one which involves none other than the recently departed CEO of JPM Asia, Fang Fang, whose office was raided on March 26 by Hong Kong’s anti-corruption agency amid a U.S. investigation into the bank’s hiring practices as reported by Bloomberg.
The Independent Commission Against Corruption seized computer records and documents after searching the office of Fang Fang, the company’s outgoing chief executive officer for China investment banking, said the people, who asked not to be identified because the investigation is confidential.
“We will not comment on individual cases,” Alan Tse, an ICAC spokesman, said by phone yesterday. Marie Cheung, a Hong Kong spokeswoman for JPMorgan, declined to comment on the ICAC search.
The New York-based bank announced Fang’s resignation March 24. His departure comes amid an investigation into JPMorgan (JPM)’s Asian hiring practices. U.S. authorities are examining whether the bank employed people in Asia so that their relatives in government would steer business to the bank, people with knowledge of the probes have said.
The banker joined JPMorgan in August 2001 and became head of the firm’s China investment-banking unit in 2007 and was made vice chairman for Asia investment banking in 2009. Prior to joining the bank, Fang worked as a vice president of Beijing Enterprises Holdings Ltd., an investment company controlled by the Beijing government.
JPMorgan, the world’s biggest investment bank by fees last year, said in August that the U.S.’s Securities and Exchange Commission had sought information on its employment practices and client relationships in Hong Kong. U.S. prosecutors were given e-mails written by Fang in which the banker supported the hiring of China Everbright Group Chairman Tang Shuangning’s son, the Wall Street Journal reported March 24. Those e-mails also highlighted the potential for doing business with China’s state-backed conglomerate while Fang hasn’t been accused of any wrongdoing, the paper said.
The probes have posed hurdles to JPMorgan’s involvement in at least two recent investment-banking transactions. The bank decided to quit China Everbright Bank Co.’s Hong Kong share sale in November because the investigation delayed an internal approval process, according to two people with knowledge of the matter. The $3 billion deal was the largest first-time offering by any company in Hong Kong last year.
If indeed as Bloomberg suggest the investigation was driven by US authorities, it would imply that the US is getting even more aggressive in its pursuit of high-level JPM employees only not so much in the US, but increasingly in that gold mine for banking, China, and specifically Hong Kong, where we remind readers, a month ago a JPM FX trader jumped to his death.
Which means only one thing: even more billions in “one-time, non-recurring” fines are coming.
As for Fang: “Fang quit the bank as he wants to spend more time with his family, a person with knowledge of the matter said earlier.” Depending on how strong of a message Obama’s political circle wants to send Jamie Dimon, Fang may soon be out of luck with the whole “spending time with the family” plan.
China Warns US of Interfering in Hong Kong Affairs!
Posted 7 April 2014