JPMorgan Chase is the largest federally-insured bank in the United States. It is also one of the largest trading houses on Wall Street. That’s the Faustian bargain the Clinton administration entered into with Wall Street when it repealed the Glass-Steagall Act in 1999.
According to data from the FDIC, as of June 30 of last year, JPMorgan Chase Bank N.A. had 4,925 branches in 44 U.S. states holding $2.01 trillion in deposits. Many of those deposits belong to mom and pop savers who have no idea that the bank has admitted to five criminal felony counts since 2014 and has a rap sheet that is the envy of the Gambino crime family. (Apparently, a federal judge in New York overseeing a current JPMorgan case is just as naïve about the bank’s criminal history. More on that shortly.)
The bulk of Americans also do not know that neither federal regulators nor Congress nor the Board of Directors of JPMorgan Chase have demanded that the Chairman and CEO of JPMorgan Chase, Jamie Dimon, who has sat at the helm of the bank throughout this crime spree, be sacked. Dimon’s tenure has been propped up by a public relations machine and an obsequious mainstream media. (See here and here.)
Corruption of this magnitude can’t be swept under the rug forever, however. Today, three cases are playing out simultaneously in federal courts. Observed together, which no member of mainstream media is currently doing, they paint an undeniable picture of a bank which, as Senator Bernie Sanders would say, has adopted fraud as a profitable business model.
Let’s start with the case known as U.S. v. Smith playing out in the federal District Court for the Northern District of Illinois in Chicago. (Case number 1:19-cr-00669.) Federal prosecutors from the Justice Department have charged multiple traders on the precious metals desk of JPMorgan Chase with turning the trading desk into a racketeering enterprise from 2008 to 2016.
This is an outstanding introduction to the methods used by the bankers to gain control of the United States. Similar methods have been employed in all other countries of the world.
This step-by-step narration shows you the gradual changes invoked by silent wars that remain unreported by mainstream media. Why? Because mainstream media is also owned by the same bankers, and this is why alternative media is so very important today.
Please share this video with everyone you know.
Written and spoken by Michael Rivero. Written version here.
I posted elsewhere recently on noticing changes with the banks, one that folk are suddenly finding it harder to get even a small bank loan, compared to months back when they were all too willing to grant credit & money, being the predators that they are. Changes, rumor has it are coming in October. Now I know rumor is not necessarily reliable, however, it can be a heads up & a reminder as I say, to be prepared. Especially given the corruption that is currently rife, and also that our news is being heavily censored, and those speaking out, censured or removed. (See related article from seemorerocks on Chinese bank. EWR
At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania. In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money swoops in to buy up the leftover assets at pennies on the dollar. In this week’s edition of The Corbett Report, James Corbett pulls back the curtain on the Wall Street casino and reveals how the house always wins the rigged games.
Note: The Wall Street Gang by Richard Ney is an excellent read on topic. I purchased it real cheap online back in 2005 or thereabouts. I see it’s now selling from between $300 & $1000 US. No precis of the book either. I’ve noticed this with another book about land ownership … it’s a time when these truths only a few noticed back then, are coming to the fore. They don’t of course want you to know so the book becomes ‘inaccessible’. EWR
“Much as we would like to think that Bill/Melinda’s split is somehow due to his enormous crimes against humanity (in which she’s been avidly complicit) and/or his sex life (I don’t want to think about it), this clear-eyed speculation makes more sense. Is it just “coincidence” that both Bill Gates and Jeff Bezos decide to get divorced within the same year, just before the crash of the economy? Probably not. Scroll down below the ZeroHedge piece to see the piece about the two divorces.” MCM
Everything Is Crashing: Stocks, Bonds, Crypto, Commodities All Tumble
BY TYLER DURDEN WEDNESDAY, MAY 19, 2021 – 07:49 AM
Everything is tumbling!
Global stocks and US index futures fell for the third straight session, led by the Nasdaq 100, bonds and commodities dropped and crypto crashed ahead of today’s release of the April Fed minutes after the ECB warned the euro-area faces elevated risks to financial stability as it emerges from the pandemic with high debt burdens and “remarkable exuberance” coupled with resurgent worries over inflation and coronavirus flareups.
The yield on 10-year Treasury notes touched a one-week high of 1.67%, driving down shares of Apple, Microsoft and Facebook by about 1% premarket. Dow e-minis were down 252 points, or 0.65%, S&P 500 e-minis were down 42.25 points, or 1.0%, and Nasdaq 100 e-minis were down 170.75 points, or 1.24%.
About reallygraceful: To better understand the present, we must examine the past. This channel is dedicated to connecting the two, providing context and asking questions along the way. There is no partisan agenda, strictly just the pursuit of information and answers. These videos are highly sourced, with the sources always pinned as the top comment. When You Weren’t Looking, Billionaires Did THIS… | reallygraceful https://www.youtube.com/watch?v=C_DC0… reallygraceful https://www.youtube.com/reallygraceful
As we know banks do well out of disaster. These pariahs rub their hands with glee when trouble strikes as they did with the plandemic, plenty of them increased their wealth exponentially from that. EWR
If the International Monetary Fund (IMF) gets its way, it won’t be long before you won’t be able to buy, sell or borrow without meeting certain lifestyle criteria — rules that could even lead to mandatory vaccines if you want to be able to take out a loan.
A must watch. They are planning your subjugation. Neo feudalism & total control over you and your money. They have left the door open to digital currency. Watch out for the disappearing ATMs too. Have seen some. And the ‘threats’ to eliminate cash because of germs. They started this push long ago when they began closing down the rural banks. Cheques have all but gone. It’s how the globalists operate. Gradualism is the word. EWR
No surprises really. They’ve made it no secret they have a reset planned & they want rid of cash. EWR
“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”
What no political party talks about … lending you non existent money (credit) at interest … governments (that are corporations in fact) borrowing from private banks that you pay interest on. Important info. EWR
380K subscribers IT’S Going On TODAY!, I don’t hear anyone talk about this, This Exchange has sucked the wealth of the world. More On Facebook: Facebook.com/inspirediscipline Special Thanks To Our Friend Brian for Amazing Interview 🎤 Speaker: David Icke 🎬 All footage is licensed via Storyblocks 🎬 ✂️ If any content owners will want their images removed please contact us Via email at Inspirediscipline.firstname.lastname@example.org ✂️ ⚠️Video Was Uploaded with Permission from owners ⚠️ * Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. * 1.) This video has no negative impact on the original works (It would actually be positive for them) 2.) This video is also for teaching purposes. 3.) It is not transformative in nature. 4.) I only used bits and pieces of videos to get the point across where necessary.
Bank branches and ATMs set to close across Australia as the pandemic shifts Aussies into the ‘cashless economy’. Unintended? Not in my opinion. If you’ve had your finger on the Agenda 21/30 pulse you’ll know that’s always been the end game. That dear Kiwi man Barry Smith told those who would listen in the 1970s that was the end game. Digital transactions make you 100% track and traceable. It will still suck in the trusting however. Note they refer to the many thousands of elderly from rural areas who will prefer cash … as with previous rural bank closures it will be stiff cheese for them. Those in control make ‘caring’ noises but they are anything but. Remember the recent scenarios where the elderly died alone in elderly facilities? In some countries they were simply abandoned. This no cash scenario is their not so subtle way of getting you out of rural areas folks, but they make it look like it’s your choice. You wanted it. However smart cities is the favored destination under Agenda 2030. Pack and stack living and (having gifted your state housing to property developers) locked into the (not so) smart grid. It’s all moving along according to plan. EWR
How nice for the billionaires, profiteering off misery. Seems it’s what they do best … EWR
“A new study found that in the past eight weeks alone, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes”
By Alan Macleod | 15 May 2020
MINT PRESS NEWS — America’s billionaires have seen their wealth increase by 12.5 percent during the COVID-19 lockdown period. The Institute for Policy Studies (IPS), a Washington, D.C.-based think tank, released a study Thursday showing that, in the eight weeks between March 18 and May 14, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes.
Among the more famous big winners during the pandemic include Facebook co-founder Mark Zuckerberg, who adds $21 billion to his net worth (a 38 percent increase). Failed Democratic presidential contender Michael Bloomberg is up $10 billion as well, meaning he has recouped ten times as much as he lost in his big money political campaign that went nowhere. Microsoft co-founder Bill Gates has increased his fortune by around $6 billion as well.
Banks love hard times …. it allows them to profiteer off misery. (And should they fail, well we know of course the govt/corporations just bail them out & unleash them again). It’s what they do best & timely to note how they profiteer off war as well. Courtesy of the Rothschild’s brainchild. Profit from supplying both sides! About as obscene as you could get. It’s time these parasites were eliminated, along with Gates’ next depop cleanse. EWR
Banks handling the government’s $349 billion loan program for small businesses made more than $10 billion in fees — even as tens of thousands of small businesses were shut out of the program, according to an analysis of financial records by NPR.
The banks took in the fees while processing loans that required less vetting than regular bank loans and had little risk for the banks, the records show. Taxpayers provided the money for the loans, which were guaranteed by the Small Business Administration.
According to a Department of Treasury fact sheet, all federally insured banks and credit unions could process the loans, which ranged in amount from tens of thousands to $10 million. The banks acted essentially as middlemen, sending clients’ loan applications to the SBA, which approved them.
For every transaction made, banks took in 1% to 5% in fees, depending on the amount of the loan, according to government figures. Loans worth less than $350,000 brought in 5% in fees while loans worth anywhere from $2 million to $10 million brought in 1% in fees.
For example, on April 7, RCSH Operations LLC, the parent company of Ruth’s Chris Steak House, received a loan of $10 million. JPMorgan Chase & Co., acting as the lender, took a $100,000 fee on the one-time transaction for which it assumed no risk and could pass through with fewer requirements than for a regular loan.
In total, those transaction fees amounted to more than $10 billion for banks, according to transaction data provided by the SBA and the Treasury Department.
When is black white and white black? When the NZ corporation says so. They’re currently crowing about the great state of the economy … in fact we are in 132 billion dollars debt & growing, but that’s ok, we have an excellent credit rating Keep the interest rolling in on that fiat $$$$$$$$ https://commodity.com/debt-clock/newzealand/
Thieves of private property pass their lives in chains; thieves of public property in riches and luxury.
– Cato the Elder
Though I encounter students and other young people who have never heard the term I hope most Americans are aware of the “Military Industrial Complex.” In his final speech to the nation President Eisenhower, surprisingly since he oversaw much of its formation, warned citizens of the growing danger of the “permanent armaments industry” controlled by those who owned and profited greatly from this new scientific and technological establishment. Many of the giant arms industries, both industrial and high tech, that dominate the corporate landscape today came into existence as the result of war and would long ago have gone out of business in the absence of the guaranteed government profits flowing from the manufactured wars that sustain them today.
Histories that of course we were not privy to when we were growing up in NZ or anywhere else. And we were told they were the ‘Maori Wars’ (like the Indian Wars etc etc etc)… strategically named by the star fomenters of wars… who were after LAND & RESOURCES.” And so down through the years the mythical versions of history persisted & continue today to create strife because folk think they are the truth. It’s long past time we heard what really happened. EWR
The Bank of New Zealand brokered finance of £3 million from the Imperial Government to escalate the New Zealand Wars. With a chronic case of ‘terrible twos’, the BNZ also bankrolled the Colonial Government’s overdraft while war was waged on Māori in the Waikato, the Bay of Plenty, Taranaki and Whanganui.
Dispatch from Ihumātao #003
Finance to Escalate the ‘Maori Wars’
Three weeks after militarist Freemason Bro. George Grey’s ‘homecoming’ for a second term as governor, an ambitious new bank, with initial capital of £500,000 in £10 pound shares, cashed in on colonial parochialism by calling itself the Bank of New Zealand.1
The Bank of New Zealand – which was established by Royal Charter and Colonial Government legislation in 1861 – brokered finance of £3 million from the Imperial Government to escalate the New Zealand Wars.2
The First Taranaki War of 1860-1861, which had ended inconclusively, was bruising for the egos of the Taranaki settlers and the Colonial Government, whom had expected to inflict a short, sharp shock to defeat ‘the rebellious natives’ with the help of the British Royal Navy and British Army.3 The Taranaki settlers, the Colonial Government and New Zealand Freemasonry had conspired to make the coastal village of Waitara a flashpoint to trigger the Taranaki War – as The Snoopman showed in his exposé essay, “The Masonic New Zealand Wars: Freemasonry as a Secret Mechanism of Imperial Conquest During the ‘Native Troubles’”.4 The settlement of New Plymouth lacked a natural harbour, while 10 miles north, the village at Waitara had a river suitable for a port and fertile fields and gardens belonging to Te Āti Awa iwi – whom were callously targetted with what The Snoopman has termed a wedge of war strategy.
To continue to wage the escalation of the ‘Maori Wars’, the New Zealand Colonial Government needed money. The Bank of New Zealand quickly became the colonial government’s banker.
Recently the SPCA (finally) spoke out about the animal cruelty associated with 1080 poisoning of NZ’s creatures, calling for a look into alternatives. If ever a death was cruel it was death by 1080. It has been likened by a veterinarian to two days worth of slow electrocution. (Search Youtube for video evidence of this. Not for the faint hearted).
Our authorities have tweaked the Animal Welfare Act to allow this. Just like they changed the Resource Management Act to allow them to drop this same ecotoxin with no antidote into any sized body of water totally disregarding the data sheets which say not to. A convenient ‘solution’ to those glitches in the wholesale poisoning of more than just pests (as we’re led to believe).
Anyway, the SPCA has been roundly censured for daring to suggest a two day agonizing death is reason enough to look into alternatives, assisted predictably, by an economist. To the discerning among us that’s surely an uncomfortable mix? An economist? Commenting on animal cruelty?
But then 1080 is very much about money & economies. And gravy trains. In NZ it is anyway. Economists are really enthused about conservation & the much touted ‘sustainable development’ lie. I say ‘lie’ because since the inception of the ‘sustainable’ idea (early ’90s) I’ve seen very little that you could call sustainable except of course the profits accumulating in the banks of its proponents. On the other hand, child poverty is up, suicide’s up, debt’s up, pollution is exponentially up and on it goes. So after 30 odd years & few if any results, it clearly isn’t working. Well not for most us anyway.
And aside from all of the above, a two day death IS cruel.
I’m noticing lately, every time a new crack appears in the flimsy rationale offered for using a non-target poison to target pests, instead of trotting out the body of watertight research thousands of NZers are still waiting to see, including the long term studies, we are offered as an alternative to the usual ‘toolbox’ speech, a new spokesperson, the latest being economist Gareth Morgan. Gareth has a financial interest in 1080 through his association with Zero Invasive Predators (ZIP), a partnership between NEXT Foundation, and the Department of Conservation. Gareth’s particularly well known for his inclination to exterminate NZ’s cat population. But then, they’re an introduced species aren’t they & the NZ Govt (Corporation) without plainly telling us in the Predator Free 2050 verbiage, intends for the elimination of all introduced species except farm stock. Economists in the, dare I say Rogernomics view however, do fit the new conservation look. Economists have a Houdini-like ability to adapt themselves to any cause if it means profits. Two things that go together like peas in a pod these days are profits & chemicals, even poisonous ones. Think Nature Conservancy (TNC).
TNC is known as the new Greenwash … environmental organizations partnering with very large & powerful corporations many of which have more to do with destroying environments than saving them. For further info on that read our post earlier last year on the Nature Conservancy visitors (30 international bankers including the CE of Goldman Sachs) flying over Fiordland with DoC’s CEO Lou Sanson … (see here also, cited below). (When this piece of news leaked out and was posted on social media, a Labour member explained in one of the discussions that it was a conservation mission associated with TNC).
TNC is a Hong Kong group and is headed by a former Goldman Sachs CEO.
Check out their corporate partners: “Pepsi Co, Disney, IBM, Goldman Sachs, Walmart and Cargill. In Asia Pacific, … Neutrogena in Australia and Rio Tinto in Mongolia. In Hong Kong, … Dragonair, Pacific Coffee Company, FORTUNE China, HSBC Private Bank, the Bank of America Merrill Lynch, Hong Kong Commercial Radio, Moet Hennessy Asia Pacific, Time Asia, Sun Hung Kai Properties and the Hong Kong Airport Authority”. And there it is again, Goldman Sachs. They’re featuring quite prominently. And Key’s friends from Merrill Lynch.
If you navigate from the NZ website for TNC, there is another list of global companies that have partnered with them. On that very long list are Dow Chemicals, Shell & Coke to name three, who are all ill qualified to fit any green profile by any stretch of the imagination.
Speaking broadly, a not so new breed of ‘environmental’ people have clearly been dominating the green movement for some time particularly since neo liberal economics and are in fact all for profit. Strange bedfellows they shroud their activities in a deceptive cloak of green & sustainable rhetoric but don’t be fooled. The bottom line of corporations is profit. (Read Behind the Green Mask on that. The author Rosa Koire’s site is here).
“As part of a three-year strategic plan, in 2016 we worked with government officials, local communities, indigenous (Iwi) leaders, businesses and local conservation groups to identify science-based solutions to poor water quality and runoff.”
You can read at the link what else they’re up to. Clearly with their input our waterways are no cleaner and our clean water reserves are still either under threat, or being bottled and sent off shore for the sole benefit of foreign corporations that plunder us with impunity.
Please do educate yourself on the independent science on 1080. There’s a war going on for the public’s total blessing on a poison industry that flies in the face of reason regarding the humane treatment of animals. And that’s just one facet of the issue.
NOTE: For further articles on 1080 use categories at left of the news page.
If you are new to the 1080 poisoning program, a must watch is Poisoning Paradise, the doco made by the GrafBoys (banned from screening on NZ TV, yet a 4x international award winner). Their website is tv-wild.com. Their doco is a very comprehensive overview with the independent science to illustrate the question marks that remain over the use of this poison. There are links also on our 1080 resources page to most of the groups, pages, sites etc that will provide you with further information to make your own informed decision on this matter.
If you are pro poisoning of the environment, EnvirowatchRangitikei is not the place to espouse your opinions. Mainstream would be the place to air those. This is a venue for sharing the independent science you won’t of course find there.
Finally we don’t endorse violence in any way shape or form.
NOTE: Periodically & randomly the facebook share option will disappear from posts on the front (this) page. If it is not appearing, click on the heading of the article to go to its own page, usually the share button will show up there. (All else failing copy & past the url to your facebook page).
Doesn’t surprize me this considering a struggling parent holding down two and sometimes three jobs to feed their families gets hit with 33% tax on the other jobs. Not the likes of the upper echelon however. It’s called trickle down economics. Bit like the sustainable development lie really.
The definition of a cartel is an arrangement between people who will benefit from the arrangement, often in an illegal way. An example of a cartel is a group of manufacturers who have gotten together to regulate production and fix prices.
Thanks to Pete for this link.
Tax Takers Send in the Spiders
Websites around the world are getting a new computerized visitor among the Googlebots and Yahoo web spiders: The taxman. A five-nation tax enforcement cartel has been quietly cracking down on suspected internet tax cheats, using a sophisticated web crawling program to monitor transactions on auction sites, and track operators of online shops, poker and porn sites. The “Xenon” program – a reference to the super-bright auto headlights that light up dark places – was started in The Netherlands in 2004 by the Dutch equivalent of the IRS, Belastingdienst.
It has since been expanded and enhanced by international group of tax authorities in Austria, Denmark, Britain and Canada, with the assistance of Amsterdam-based data mining firm Sentient Machine Research. Xenon is primarily a spider: a program that downloads a web page, then traverses its links and downloads those as well, ad infinitum. In this manner spiders can create huge datasets of web material, while preserving the relationships between pages at the moment they were spidered – something that can reveal a lot about the people that made the pages. It’s unclear how effective Xenon has been in generating investigative leads. Contacted by Wired News, the tax departments of Canada and the United Kingdom confirmed participation in the program, but declined further comment. Dag Hardyson, the national project leader for e-commerce for Skatteverket, the Swedish tax authority, was more forthcoming. Skatteverket is scheduled to join the Xenon project this year, and Hardyson said web crawling is well suited to tax enforcement. “The internet is wide open for tools,” said Hardyson. “It’s much easier to handle than the real world.” Xenon, explained Marten den Uyl of Sentient, is in some ways the opposite of something like Google’s web crawler, which traverses a tree of links and grabs a copy of everything it sees. Xenon is smart about link selection and context, and uses a “slow search paradigm,” he said. Whereas a spider like the Googlebot might hit thousands of websites in a second, “With Xenon it may take minutes, hours or even days to do a slow search.” The slow search prevents the crawler from creating excessive traffic on a website, or drawing attention in the sites’ server logs. Den Uyl declined to say what user-agent the Xenon software reports itself as, but it’s likely to be variable or configurable on the tax investigator’s part. The spider can also be configured and trained to look at particular economic niches – a useful feature for compiling lists of business in industries that traditionally have high rates of nonfiling. “For instance, weight control (yields) 85,000 hits, some for products … also services,” says Sweden’s Hardyson. Once the web pages are screen-scraped, Xenon’s Identity Information Extraction Module interfaces with national databases containing information like street and city names. It uses that data to automatically identify mailing addresses and other identity information present on the websites it has crawled, which it puts into a database that can be matched in bulk with national tax records. As illuminating as Xenon is for the tax man, the data-mining effort poses dangers to citizen privacy, said Par Strom, a noted privacy advocate in the world of Swedish IT. “Of course it’s not illegal,” said Strom. “I don’t feel quite comfortable having a tax office sending out those kind of spiders.” One issue has to do with how the information Xenon captures is protected. Sentient has created access controls for its law-enforcement data-mining tool, called Data Detective, but its Xenon software lacks many of those protections, said dan Uyl, commenting on the theory that investigators will quickly delete the compiled data. “Data Detective (handles) long-term data warehousing,” he said, “(Xenon is) short-term project data warehousing. Different type of data, different type of analysis.” But Hardyson said the Swedish government – which already has its own internally developed tax crawlers – is currently keeping a copy of everything it spiders. That means that someone’s long-expired actions have the potential to come back and haunt them. “We can scan and store all actions for every e-marketplace in Sweden, it’s about 55,000 per day,” said Hardyson. He said his agency hasn’t decided if it will change its policies with the new, more sophisticated Xenon software. “Is this what we should do? Our lawyers must look at it.” Canada’s tax authorities declined to state what its Xenon data retention policies are, as did Simon Bird, head of the “Web Robot Team” at the British HM Revenue and Customs office. In the United States, the IRS is not a part of the Xenon project, but would neither confirm nor deny that it uses spidering software in its investigations. Strom said now that the cat is out of the bag, there’s no way to get governments or corporations to forgo technologies like spiders and data mining. “The information is public of course, because it’s posted on the internet,” Strom says. “It wasn’t meant to be used this way … (this is) using the naivete of people. It’s on the limit of what is ethical.”
It’s difficult to be positive about the obscene salaries these people receive. Especially in light of Rogernomics & the Neo-lib disaster that destroyed so many people. And continues to do so. Great idea for those at the top, not so for those at the bottom. Of course it was a scam & in my opinion never intended to benefit everybody. We can see who it is benefiting right in plain sight here.
From the NZ Herald
Chief executives at New Zealand’s biggest companies got a 2.2 per cent pay rise last year, taking their average earnings to $1,755,352 in the 2017 financial year.
It was the second-smallest increase in the 13-year history of the Business Herald’s CEO pay survey.
The survey covers the top 50 companies listed on the sharemarket, with the exception of some property firms whose management structure makes it difficult to calculate CEO pay, and the addition of Fonterra because of its size, and Herald publisher NZME, included in the interests of transparency.
Fifteen executives experienced earnings declines last year, compared with nine recorded in the previous year’s survey. The 2.2 per cent average increase was the lowest on record, apart from 2011, when average CEO pay fell by 0.4 per cent.
While CEO earnings increases were modest compared to some previous years, 38 of the 50 chief executives in the survey still received more than $1 million in remuneration, and their average was 55 times the median annual income Kiwis received in that year, recorded at $31,928, according to Statistics NZ.
The average CEO increase was in line with the 2.3 per cent rise Kiwis received last year.
Former Fonterra boss Theo Spierings was the highest-paid executive last year. Spierings, who stepped down last month, received $8.3m for the 2017 financial year, up from $4.66m he received a year earlier.
All animals are equal – but some are more equal than others /George Orwell, Animal Farm)
“There are a lot of losers in this system, but a few winners – bankers. In fact the IMF and World Bank have made the sale of electricity, water, telephone and gas systems a condition of loans to every developing nation. “
Active Post 25 May 2016: The Anonymous hacker group has recently taken offline the World Bank, the New York Stock Exchange, five U.S. Federal Reserve Banks and the Vatican.
Anonymous´s press release explained the intention behind the operation:
We would just like to make it very clear that all targets of #OpIcarus have been Rothschild and BIS central owned banks. The banks have been getting away with murder, fraud, conspiracy, war profiteering, money laundering for terrorists and drug cartels, have put millions of people out on the street without food or shelter and have successfully bought all our governments to help keep us silenced. We represent the voice of the voiceless. Anonymous has now taken down some of the most prestigious institutions in global governance.
Veterans Today 14 May 2016: Bribery and corruption cost the world economy as much as US$2 trillion every year. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.
When it comes to corruption, IMF´s chief Christine Lagarde is on her homeground: The Guardian 17 Dec. 2015Christine Lagarde, managing director of the International Monetary Fund, is to stand trial in France over a multimillion-euro government payment to a controversial tycoon who supported former president Nicolas Sarkozy.
Lagarde, at the time Sarkozy’s finance minister, referred the long-running case to arbitration and signed off the payout.
To watch Bryan Bruce’s revealing documentary at Youtube, click on this link.
This is a real eye opener, especially if you were born after the nineties. I remember how it was as do all the other folk of my generation. Pre Rogernomics ripoff. And I heard/read recently a comment by Roger Douglas who conceded Rogernomics may not have been a good thing or words to that effect. (A woops in other words). I don’t buy that. He & others like him were well looked after following the ruination of our country. Travelling the world, educating others on their supposed ‘success’, teaching their policies of structural adjustment. Successfully ruined a lot of people & feathered their own nests would be more to the point. These people have no heart for those who suffer at their hands. Zilch.
Journalists and political partisans have expressed the mistaken presumption that government is a “balancing force” against the excess powers of corporations. This video explains that most excess power of corporations is provided and granted by government and that government seeks partnership with corporations and shares in the profits. This “public-private partnership” is so advanced that the public interest is no longer a primary concern of government. Government is now a for-profit operation serving itself at the expense of the public interest.
Pardon my graphic description but here we have pigs at the trough again. A reminder of the corruption our country now labours under. I was raised in the era when renumeration was more in line with reality. The real workers are squeezed onto minimum minimum wage with loud squeals if they ask for more, taxed one third on second jobs, while these shrewd suited apologies for humanity wallow in obscene wealth. Who needs a million dollars pa to survive? And we have the usual lame lipservice justification … “How much we pay chief executives requires a careful balance between ensuring we can attract and retain highly qualified and skilled leaders while being prudent … when spending public money.”
Bollocks. Spending public money? Why the CE in Horowhenua Council recently gifted public assets to private developers Willis & Bond to the tune of $1.86 million. Prudence? Public money? Pleeeze. EnvirowatchRangitikei
The big taxpayer-funded pay rises: $50,000-plus boost for top public CEOs
The chief executives of Housing NZ, the Ministry of Education, Tourism NZ and the Accident Compensation Corporation were among those who reaped at least $50,000 more in pay and bonuses over the last year.
Figures released by the State Services Commission show ACC chief executive Scott Pickering was paid $760,000-$770,000, which is $150,000 more than the year before. Housing NZ Corporation CEO Glen Sowry received between $520,000 and $530,000 – at least $50,000 more than the year before. And Education chief executive Peter Hughes got at least $60,000 more than the year before with between $620,000 and $630,000.