Dan Boyle pushes for ‘financial treason’ Bill
YOU CAN STILL BE HUNG FOR TREASON IN THE UK ,DO NOT KNOW WHAT THE IRISH SITUATION IS …BUT UP THE CELTS , AND UP THE IRISH!!!
SORRY IF I AM REPEATING MYSELF ,BUT PEOPLE WE NEED TO ARREST ALL THOSE RESPONSIBLE FOR THIS OUTRAGE!!!IT THE FINANCIAL CRIME OF THE CENTURY ,WHILE THE IRAQ/AFGHANISTAN/911 IS THE FALSE FLAG CRIME OF THE CENTURY.
IRELAND LOOKS TO ARREST THE GUILTY BANKERS AND POLITIONS
Green Party finance spokesperson Dan Boyle is to introduce a Seanad Private Members Bill to define the crime of “financial treason”.
Senator Boyle, who will shortly seek leave to introduce the Bill in the Seanad said: “Among the many reasons why there has been no action taken against known individuals working in Irish financial institutions – whose greed and recklessness have brought us to where we are – is that properly defined legislation seems to be lacking in defining this kind of white collar crime and fraud.”
“I believe that there should be an offence of financial treason, carrying a mandatory sentence and huge fines, that would be applicable to defined individuals working in financial institutions licenced by the Irish State,” said Boyle.
Boyle, the Green Party Chairman, said he believes there should be an offence of financial treason in relation to individuals working in financial institutions licensed by the Irish State and those found guilty should be punished with a mandatory sentence and huge fines.
“There would be convictions on foot of any decision made knowingly by such individuals that result in reputational damage for the country, an unacceptable economic cost, or a loss of economic sovereignty,” he said.
He added: “While much public anger has a political focus, and much of this is justified, the inability to bring to justice those whose self interest and greed so undermined our national wellbeing, is something that must end – and end soon.”
ITS GOT MY SUPPORT, BUT WHY DON’T YOU JUST ARREST THE BANKERS FOR THE CHANRGES THAT ALREADY EXIST!!! ITS WHAT THE ICELANDICS DID , THEY EVEN ARRESTED THIER CORRPUT PRIME MINISTER
”Icelanders are also angry that only the former PM is being charged. One commenter on the Ice News article noted, “Is this not a total betrayal of the people?” And criminal, to reasonable minds.”
ITS NOT LIKE THEY DID NOT COMMIT FRAUD , COUNTERFIETING AND FORGERY ANYWAY,AND POLITIONS TELLING LIES IN PARLIMENT FOR THE BENEFIT OF FOREIGN INVESTORS IS TREASON ANYWAY!! SO YOU DO NOT REALLY NEED A FINANCIAL TREASON BILL.
Iceland: Int’l Arrest Warrant Against Top Bank Official
by Lowana Veal (reykjavik)Wednesday, May 12, 2010
Inter Press Service
Vigorously pursuing those allegedly responsible for Iceland’s 2008 financial crisis, investigators have got issued an international arrest warrant against Sigurdur Einarsson, chairman of the board of governors of the failed Kaupthing Bank.
An Interpol notice on Tuesday said Einarsson was wanted on charges of counterfeiting, forgery and fraud.
Einarsson, who lives in London, was said to be reluctant to come to Reykjavik for fear of being arrested and Icelandic authorities have refused to offer any assurances.
Yet another day of Iceland banking arrests
Posted on11 May 2010.
Ingolfur Helgason, the former Director of Kaupthing Iceland, and Steingrimur Karason, former CEO of the bank’s risk management department, were both arrested today upon arriving back in Iceland. They went straight to interrogation with the Special Prosecutor and are being held in police cells.
Bankers jailed, sued as Iceland seeks culprits for crisis
Since Iceland’s three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
But the publication last month of a parliamentary inquiry into the island nation’s profound financial and economic crisis signaled a turning of the tide, laying much of the blame for the downfall on the former bank heads who had taken “inappropriate loans from the banks” they worked for.
On Wednesday, the administrators of Glitnir’s liquidation announced they had filed a two-billion-dollar (1.6-billion-euro) lawsuit in a New York court against former large shareholders and executives for alleged fraud.
I saw the slogan ‘plutocracy should pay for the crisis’ – which pretty much sums up the feelings of the protestors.”
AFTER ARRESTING AND SUEING THE CRIMINAL BANKERS AND POLITIONS ICELAND IS WELL ON THE WAY TO RECOVERY……BUT THE POLITIONS ARE STILL TELLING LIES AND CANNOT GET THIERS FACTS STRAIGHT
Iceland Is No Ireland as State Free of Bank Debt, Grimsson Says
Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.
THIS IS A COMPLETE LIE FROM THE ICELANDIC PRIME MINISTER.WHAT ACTUALLY HAPPENED WAS THE GOVERNMENT TRIED TO SELL THE PEOPLE AS DEBT SLAVES AND TRIED TO STOP A DIRECT DEMOCRATIC VOTE.BUT THE DIRECT DEMOCRACY OF ICELAND HELD A REFERENDUM AND 98% SAID NO!!!! SO IF ICELAND WAS A “REPRESENTATIVE DEMOCRACY” LIKE THE UK , EU OR IRELAND IT TOO WOULD BE FINANCIALLY FUCKED BY CRIMINAL POLITIONS AND BANKERS, JUST LIKE THE REST OF US!!!DIRECT DEMOCRACY SAVED THEM!!!
No matter what reasonable and respected voices had to say on the matter. The government opposed the idea of a direct democratic decision.
Until the last minute the government had tried to discourage the voters from voting. The Prime Minister and the Minister of Finance both said they would not participate in the referendum. They saw it as a “waste of money” and a “farce”!!! … (and paying for other peoples debts is non-farcical and good value for money?!? maybe its the Icelandic government that is a farce and a waste of money! IMHO its certainly is in the UK and USA)
The Icelandic referendum, the voice of the people against the blackmailing power of the international financial elites might now have become precedent for other countries in similar situations.
What the bankers seem to fear above all things is a direct democracy in financial matters.
And no doubt that´s quite a reasonable fear, for such a democracy would lead to more and more people getting informed about financial matters and the money-creation process itself.
The knowledge about this process coupled with the instruments of a direct democracy would lead eventually and without any doubt to a monetary reform and a loss of power for the international bankers.
THEY THEN STARTED ISSUING ARREST WARRANTS FOR THE GUILTY BANKERS AND POLITIONS,SOMETHING WE COULD ONLY DREAM OF…..AND THE COMMON PEOPLE ARE NOT DEBT SLAVES
“The difference is that in Iceland we allowed the banks to fail,” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”
“How far can we ask ordinary people — farmers and fishermen and teachers and doctors and nurses — to shoulder the responsibility of failed private banks,” said Grimsson. “That question, which has been at the core of the Icesave issue, will now be the burning issue in many European countries.”
“The taxpayer has no realistic prospect of being able to save their banks, such is the magnitude of their bad loans and their extraordinary dependence on central bank support,” wrote Michael Derks, chief strategist in London at foreign-exchange firm FXPro. “Both junior and senior bondholders in these insolvent banks need to suffer huge haircuts,” he said.
Forcing bond holders to “share the burden,” may help the euro region remain intact, Derks wrote.
ITS THE SAME IN AMERICAN THE FEDERAL RESERVE SHOULD ALL BE ARRESTED AND DOING 30 YEAR SENTENCES WITH $1,000,000 FINES
The board of directors of each Federal Reserve Bank District also have regulatory and supervisory responsibilities. For example, a member bank (private bank) is not permitted to give out too many loans to people who cannot pay them back. This is because too many defaults on loans will lead to a bank run.
The punishment for making false statements or reports which overvalue an asset is also stated in the U.S. Code:
Whoever knowingly makes any false statement or report, or willfully overvalues any land, property or security, for the purpose of influencing in any way…shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.
These aspects of the Federal Reserve System are the parts intended to prevent or minimize speculative asset bubbles which ultimately lead to severe market corrections. The recent bubbles and corrections in energies, grains, equity and debt products and real estate cast doubt on the efficacy of these controls.
SO WHY ARE THE BANKERS NOT FACING $1,000,000 FINES AND 30 YEARS IMPRISONMENT?!?!
THE FEDERAL RESERVE WAS ALSO SUPPOSED TO STABLISE THE DOLLAR…….
From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776.
After the Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913.
THE POLITIONS WILL BE RICHLY REWARDED FOR THIER TREASON ,THE PEOPLE OF THE NATIONS WILL BE ECONOMIC DEBT SLAVES,WITH NO VOICE AND NO CHOICE OVER THIER AND THIER CHILDRENS FUTURE!!
THESE CORRUPT BANKERS AND POLITIONS DO NOT UNDERSTAND FREE MARKET CAPITALISM
1.Availability of credit allows money to flow between savers and borrowers.
2.Resources and funds are allocated to various projects or investments during a boom phase.
3.Eventually borrowing becomes excessive and leads to malinvestment,
4.At this stage, adherence to free market theory would allow for an efficient cleansing period and a healthy recovery period. How? Irresponsible and unprofitable businesses fail. Bad debts get liquidated. Excess resources go on sale, flow into more stable ventures and pool together with more profitable resources controlled by healthy corporations or entities
NEWSFLASH , UK ,USA,EU BANKS FOUND TO BE UNPROFITABLE AND IRRESPONSIBLE . THEREFORE YOU GET ASSET STRIPPED AND REPLACED BY RESPONSIBLE AND PROFITABLE BUSINESS MODELS, LIKE CREDIT UNIONS, BUILDING SOCIETIES AND GOVERNMENT OWNED CHINESE BANKS!! INVESTIGATIONS INTO FRAUD ,COUNTERFIETING AND INSIDER TRADING SHOULD BEGIN!
THATS THE WAY IT IS SUPPOSED TO WORK , BUT INSTEAD WE HAVE A BANKER BAILOUT AND THE PEOPLE ARE SUBJECTED TO AUSTERITY MEASURES!!!
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
ITS ALL FRAUDULENT AND HIGHLY ILLEGAL
GREEKS START INVESTIGATING GOLDMAN SACHS ,….OTHERS LOOK TO FOLLOW
‘Vampire Squid’ Goldman Sachs confesses it is being investigated for helping Greece hide its debts
Goldman Sachs has admitted that it is under investigation for helping Greece to hide its vast debts.
The controversial Wall Street bank – nicknamed the Vampire Squid because its tentacles stretch far and wide – is accused of having profiteered out of a complex currency deal that helped Greece massage its finances.
In a regulatory filing in the U.S., Goldman disclosed that is ‘subject to a number of investigations and reviews by various governmental and regulatory authorities’ in connection with its financial transactions with Greece.
The European Commission has already been probing the bank’s relationship with Athens. It is unclear from the disclosure, how many other countries might be looking into its dealings with the Mediterranean state.
The Wall Street giant is claimed to have received as much as £192m in fees by entering a complex currency transaction in 2001 that helped Athens borrow cash without putting it on the books as a loan.
The so-called ‘swap’ deal helped Greece meet eurozone limits on government borrowing.
Read more: http://www.dailymail.co.uk/news/worldnews/article-1277038/Goldman-Sachs-probed-financial-transactions-Greece.html#ixzz0nmuXrpnP
IS THE DEBT A FRAUD?
Greek Bondholders “Fooled” or Goldman Sachs Committing Fraud?
Today, she questions why Bloomberg prefers to only discuss the Goldman Sachs-Greece cross currency swaps subterfuge as a sort of foolishness, rather than taking a much more serious tone.
Smith takes Bloomberg to task for using “fooled” when “more obvious F-words, like ‘Fraud’ (as in defrauded) or ‘fleeced’” should have been considered. Then, she digs into her banking experience to relate how to her it seems nearly impossible that Goldman wouldn’t know the nature and extent of the Greek swaps contracts when the bond offering was issued.
Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands.
New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain a better ratings for risky securities.
The banks under investigation are believed to include Goldman Sachs and Morgan Stanley.
Bad US mortgage debt was one of the main causes of the financial crisis.
This is because much of the investments were repackaged into wider debt offerings and then resold around the world.
IF THE DEBT IS ILLEGAL WE CAN DEFAULT WITH DIGNITY
ECUADOR DECLARED ITS DEBT FRAUD AND ILLEGAL AND DEFAULTED
In November 2008, Ecuador became the first country to undertake an examination of the legitimacy and structure of its foreign debt. An independent debt audit commissioned by the government of Ecuador documented hundreds of allegations of irregularity, illegality, and illegitimacy in contracts of debt to predatory international lenders. The loans, according to the report, violated Ecuador’s domestic laws, US Securities and Exchange Commission regulations, and general principles of international law. Ecuador’s use of legitimacy as a legal argument for defaulting set a major precedent; indeed, the formation of a debt auditing commission sets a precedent.
THE FRAUD EXPLAINED
HERE IS HOW THE IMF SET THEM UP
Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv 1/2
Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv 2/2
Fractional Reserve Banking System Basis of Bankster Fraud
Stock-Markets / Credit Crisis 2009
Oct 10, 2009 – 02:52 PM
The heart of the modern monetary system is fractional reserve banking. This system is based on fraud. At the very heart of the modern economy is fraud – fraud on a gigantic scale.
What is the nature of this fraud? Counterfeiting. Banks are government-licensed institutions that issue bogus IOUs. Because these IOUs function as money, they are counterfeit money. This is the heart, mind, and soul of all modern banking
DEFAULT TODAY , LET THE PRIVATE BANKS AND INVESTORS FALL ,NOT THE INNOCENT PEOPLE AND THIER NATIONS!!!
So who are they protecting, the answer is simple; the bond holders. Roughly, 80% of this debt is foreign owned and a large portion of this is held by German and French Citizens. Bottom line this rescue package is not for Greece, but it’s a rescue for Greek bond holders worldwide. If Greece were to default tomorrow, it would not disappear, but its debt holders would be seriously hurt. Thus behind all this noise one must understand that the main reason for the bailout is to protect the bondholders; the exact same story unfolded in the US, the only difference being that it was a bailout of the banking industry. As the Germans and French hold a very large percentage of these bonds, it is actually a bailout of Germany and France and not really Greece. They should let Greece’s default but they will not.
ARGENTINA DEFAULTED ON ITS DEBT IN 2001 ,ITS DOING BETTER THAN EVER TODAY
Even though Argentina defaulted on its debt, it is still around. Yes it did pay the price initially by being shut out of the global capital markets for years, but it did not vanish and only its foreign debt holders lost.
ARGENTINA’S SOLUTION DIRECT DEMOCRACY AND LIBERTARIAN IDEALS FREES THE ARGENTINE PEOPLE OF DEBT
After the non-violent collapse of the Argentinean government in 2001/2002, the social and economic organization of Argentina has undergone major changes, though how important these changes are remains to be seen. Worker occupations of factories and popular assemblies have both been seen functioning in Argentina, and both are the kind of action endorsed by anarchists: the first is a case of direct action and the latter a case of direct democracy. Approximately 200 “recovered” factories (fábricas recuperadas) are now self-managed and collectively owned by workers. In the large majority of them, pay is completely egalitarian; generally no professional managers are employed, or managers are collectively controlled in the other cases. These co-operatives have organised themselves into networks. Solidarity and support from external groups such as neighborhood assemblies and unemployed (piquetero) groups have often been important for the survival of these factories. Similar developments have taken place in Brazil and Uruguay. In 2004, Avi Lewis and Naomi Klein (author of No Logo) released the documentary The Take, which is about these events.
The Big Lie: Governments Have to Save the Big Banks
Many of the world’s top economists and financial experts have said that the too big to fail banks are destroying the world economy, that they must be broken up in order to restore stability, and that small banks can easily pick up the slack and make all of the loans which are needed needs
And yet many people still believe the myth that the giant banks have to be saved at all costs.
How could that be?
Well, as Adolph Hitler wrote in Mein Kampf:
All this was inspired by the principle–which is quite true in itself–that in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate colossal untruths, and they would not believe that others could have the impudence to distort the truth so infamously. Even though the facts which prove this to be so may be brought clearly to their minds, they will still doubt and waver and will continue to think that there may be some other explanation
WE HAVE BEEN HERE BEFORE , PLEASE TAKE ANDREW JACKSONS ADVICE!
“Never take counsel of your fears.”
The Jacksonians opposed government granted monopolies to banks, especially the national bank, which was a central bank known as the Second Bank of the United States. Jackson fought to end the government monopoly to the Bank and got great opposition from Nicholas Biddle, the bank chairman. Biddle first dismissed Jackson efforts, but as the initiative gained popular support, he got more concerned. There was an attempt to murder Jackson at that time but the pistols failed. Jackson would later claim that he had proof the bankers were behind this attempt. Jackson was able to gain popular support because the Bank money manipulations and inflation had created a big recession, and it had inflated land prices, benefiting big land owners and stopping economical development. In a last attempt to stop Jackson, Biddle burst the bubble his inflationary policies had created, and brought about a deflationary correction. This put pressure on Jackson, but after a year of recession, the economy was clean by the deflationary correction, and the Bank was out of “ammunition”. Jackson had won the battle. The Bank continued his operations as a state bank, but had to close years after. Once retired, everytime Jackson was asked what was his biggest achievement as president he answered: “I killed the Bank”.
ANDREW JACKSON was the ONE president that CLEARED AMERICAN DEBT ,when faced with financial ruin How did he manage it?
“The Bank is trying to kill me, but I shall kill it!”
ANDREW JACKSONS VIEW OF THE BANKS….NO BAILOUT.
“You are a nest of vipers and thieves, and by the grace of the almighty God, I will root you out!”
ANDREW JACKSON’S VIEW ON CORPORATIONS
Corporations have neither bodies to kick nor souls to damn.
ANDREW JACKSONS VIEW ON THE BRIGHTEST AND THE BEST
Hemans gallows ought to be the fate of all such ambitious men who would involve their country in civil wars, and all the evils in its train that they might reign & ride on its whirlwinds & direct the Storm– The free people of these United States have spoken, and consigned these wicked demagogues to their proper doom.
WHEN NON-VIOLENT RESISTENCE BECOMES IMPOSSIBLE , VIOLENT RESISTANCE BECOMES INEVITABLE. THANK THE ELECTED DICTATOR FOR THIS EFFECT AS WELL.
PROTEST AND SURVIVE, THERE’S NO JUSTICE ,THERE’S JUST US!!!
GET ON THE STREETS ,DO NOT SUBMIT TO VIOLENCE , IF THEY COME WITH CLUBS TO BEAT YOU ,RESIST!!!!
WE ARE MANY ,THEY ARE FEW
WE ARE GIANTS ,THEY ARE PAPER TIGERS
THEY WILL TRY AND SEND US OFF TO WAR SOON , FOR PROFIT AND TO SAVE THEMSELVES FROM OUR WRATH!!!