Bank
| Bank link (industry) Sourcewatch | |
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| A company or institute where people store their money or assets. Banks often launder your money with criminals. |
A Bank is a financial institution.
Official narrative
Banks provide financial services and products which people and companies need. They have been given the right to produce money from thin air by governments, who cannot be trusted with this power.
CIA Banks
The Bank of Credit and Commerce International or BBCI was a financial organisation which was protected and used by the CIA. Kevin Ryan summarised it as a "CIA-linked terrorist financing network".[1] Peter Dale Scott wrote in The American Deep State that it is "clear that throughout the 1980s the American deep state in Washington was involved with BCCI and protected it."[2]
2008 Crisis
The Global Financial Crisis, also known as the 2008 Financial Crisis, was systemic event that shook the global financial system during the period from mid-2007 to late-2008.
Many financial institutions (including Goldman Sachs, Bear Stearns & Lehman Brothers) that had been responsible for precipitating the crisis were labeled as "too big to fail" by Treasury Secretary Henry Paulson[3] and were provided emergency funding in the billions of dollars by American tax payers via the Emergency Economic Stabilization Act of 2008.
This event saw the vertical integration of many financial institutions by JP Morgan Chase as many failing financial institutions were bought up by the company.[4]
US Safety deposit boxes
"There are an estimated 25 million safe deposit boxes in America, and they operate in a legal gray zone within the highly regulated banking industry. There are no federal laws governing the boxes; no rules require banks to compensate customers if their property is stolen or destroyed."[5]
Funding for "terrorism"
Widely reported to promote "terrorism",[6] to profit from money laundering, banks are also recported to be reliant upon the illegal drug trade.[7][8]
2020 CARES Act
- Full article: CARES Act
- Full article: CARES Act
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2Template:Nbsptrillion economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald Trump on MarchTemplate:Nbsp27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. Unprecedented in size and scope, the legislation was the largest economic stimulus package in U.S. history.
2023 Banking crisis
Silicon Valley Bank recorded an increase of its deposit holdings during the COVID-19 pandemic, when the tech sector experienced a period of growth. In 2021, it purchased long-term treasury bonds to capitalise on the increased deposits. However, the current market value of these bonds decreased as the Federal Reserve raised interest rates to curb the US inflation surge that started after the Covid-19 lockdown and was further stimulated by the oil price hiking caused by Russian sanctions and sanctions against Russia.[9]
Signature Bank fell after a steep fall of crypto money in the accounts.[10]
In March 2023, Credit Suisse was taken over by its larger rival UBS in a deal worth more than $3 billion.[11] UBS sealed the takeover in less than three months, a tight timetable given its scale and complexity, in a race to provide greater certainty for both clients and employees. The deal, however, exposed two myths created by the ccm in the 2010s - namely, that Switzerland is a steady, predictable investment destination and that banks' problems would no longer hit taxpayers. "It was supposed to be the end of too-big-to-fail and state-led bailout[s]," according to Jean Dermine, professor of banking and finance at INSEAD, adding that the episode showed this central reform after the 2008 global financial crisis had not worked.
War for Bankocracy
References
- ↑ http://digwithin.net/2012/02/24/kuwam-and-stratesec-directors/
- ↑ The American Deep State, Peter Dale Scott, p. 29
- ↑ https://www.sfgate.com/news/article/Feds-take-control-of-Fannie-Mae-Freddie-Mac-3270123.php
- ↑ https://www.usatoday.com/story/money/economy/2018/09/14/jamie-dimon-jp-morgan-memo-actions-financial-crisis/1304253002/
- ↑ https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html?searchResultPosition=2
- ↑ https://www.indymedia.org.uk/en/2016/01/524024.html
- ↑ https://www2.gwu.edu/~iiep/assets/docs/papers/2019WP/WilliamsIIEP2019-5.pdf
- ↑ https://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs
- ↑ https://www.wsj.com/articles/silvergates-story-is-about-fundamentals-not-just-crypto-30f08fc6
- ↑ https://www.wsj.com/articles/signature-bank-is-shut-by-regulators-after-svb-failure-a5f9e0f7
- ↑ "UBS Agrees to Buy Credit Suisse for More Than $3 Billion"