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The Underworld of Banksters

By   Follow Me on Twitter     Message Gary Brumback       (Page 1 of 7 pages)     Permalink

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The financial industry is but one of many industries in the modern world. Besides whatever their stated purposes may be, every one of their modus operandi can be "unmasked" to reveal some degree and form of wrongdoing and harm done, as I did once in a very cursory way 1.

One of those industries, the financial industry, is comprised of numerous sectors such as the insurance industry for instance. I have written about how it along with its government ally are financially soaking the public. 2 This present article burrows into another sector, what I call the industry's "underworld of banksters." A bankster is a bank or banker that relies on illegal or unethical wrongdoing in their financial dealings. The wrongdoing to be found in their underworld is monumental and incalculable in size and harm done.

Hijacking a Public Domain

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Permit me to issue and control a nation's

money and I care not who makes the laws.

--- Mayer Amschel Rothschild 3

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Mayer Amschel Rothschild was a German banker and the "founding father of international finance" that grew into the Rothschild banking dynasty that still exists today in full force, with ownership or control of banks in over 150 countries. 4 In 2005 he was ranked seventh on the Forbes' magazine list of "The Twenty Most Influential Businessmen of All Time." 5

Forbes, naturally, did not characterize him as a bankster of the financial underworld, but we can judge whether that is so just from the above quote. In its dependent clause he says he would like to privatize what should be in the public domain, namely, the exchange of money for goods and services, an exchange essential to any society's existence. In its independent clause he is saying exactly what would be expected of a bankster.

Bankrolling Wars

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All wars are banksters' wars!

---Author

The Rothschild banking dynasty has bankrolled "war operations for the past several centuries." 6 And they bankrolled both sides! 7 And why not? Why would they care so long as they profited from the bloodshed? Mayer Rothschild's wife reportedly quipped on her deathbed "If my sons did not want wars, there would be none." 8 Such was the power of her five sons sent by their father to establish banks in five countries. I don't think there is any evidence to show that they did not want wars.

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Retired organizational psychologist.

Author of The Devil's Marriage: Break Up the Corpocracy or Leave Democracy in the Lurch; America's Oldest Professions: Warring and Spying; and Corporate Reckoning Ahead.

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Gary Brumback

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I invite you to take a tour of the underworld of bankstgers. Hold on tight to your wallets and purses.

Submitted on Thursday, Apr 26, 2018 at 8:42:34 AM

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Gary Brumback

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I have a confession to make. My wife and I have an account with a bankster because her nephew is one of its VPs. Well, I'm no saint. I have made a pact with the Devil a few times in my life.


More about my boyhood experience with the Great Depression. My Mom would drag me walking to grocery stores in town that managed to stay in business. She would look for the best bargains in such "delicacies" as cow tongue and chipped beef. My reward would be getting to buy a 5 cent toy at the local five and dime (before your time maybe).

Submitted on Thursday, Apr 26, 2018 at 12:00:07 PM

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Susan Lee Schwartz

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Love it

Submitted on Thursday, Apr 26, 2018 at 2:31:29 PM

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I am told some people may think this article is antis-Semitic. If so they do not know me. I am not anti-Semitic. I am anti-bankster, anti-corpocracy, anti-war, anti-social injustice, anti-inhumanity, anti-animal cruelty-----.

Submitted on Friday, Apr 27, 2018 at 4:23:04 PM

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Susan Lee Schwartz

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Aided and abetted by Congress men like this one: How Senator Crapo's Dodd-Frank Rollback Will Let Banks Bet More Of Your Money.


And why not. There has been not a shared of accountability as the Banksters stole the wealth of the people. "There is no doubt that Dodd-Frank was crisis response legislation and we have learned much since 2010 about the causes of the crisis. We became aware of the unbelievably widespread fraud from mobile mortgage brokers, loan officers and executives at the mortgage origination level and with the investment bankers who compiled the CDOs. They have gamed the system and won. The decisive question is how they are doing it now.

"Stopping bankers from gaming the system again should be at the forefront of the mind of any politician who wants to rewrite Dodd-Frank."

Submitted on Thursday, Apr 26, 2018 at 2:31:02 PM

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Reply to Susan Lee Schwartz:   New Content

Thanks Susan Lee. I agree with you completely!

Submitted on Thursday, Apr 26, 2018 at 2:39:43 PM

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And the Congressmen who make the rules for us, also legislate their own 'honey-pot

* Children of Congress members do not have to pay back their college student loans.

* Staffers of Congress family members are also exempt from having to payback student loans.

*Members of Congress can retire at full pay after only one term. *Members of Congress have exempted themselves from many of the laws they have passed, under which ordinary citizens must live.... They are exempt from any fear of prosecution for sexual harassment.

* the latest example, they have exempted themselves from Healthcare Reform, in all of its aspects.

Proposed 28th Amendment to the United StatesConstitution:

We must not tolerate an elite class of such people, elected as public servants and then putting themselves above the law. Whether they are Democrat, Republican, Independent, or the self-serving must stop.Governors of 35 states have filed suit against the Federal Government for imposing unlawful burdens upon their states. It only takes 38 (of the 50) States to convene a Constitutional Convention. We cannot end the Grand Theft of the billionaire oligarchs who have taken over our legislative body.

Submitted on Thursday, Apr 26, 2018 at 2:40:54 PM

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Mick Mulvaney -- the Trump administration's budget director-- , is at the top of the hierarchy of corruption,

According to David Leonhardt: "Mulvaney isn't just the budget director. He is also the interim director of the Consumer Financial Protection Bureau, the banking watchdog that the Obama administration and Elizabeth Warren created after the financial crisis. The bureau, often called the C.F.P.B., has had an impressive record since its founding, curtailing abusive lending practices by banks, among other things. It's helped level the playing field -- not all the way, to be sure -- between big, powerful companies and American families."

"But Mulvaney has set out to dismantle the C.F.P.B. He has, as The Times reports: "frozen all new investigations and slowed down existing inquiries by requiring employees to produce detailed justifications" and "scaled back efforts to go after payday lenders, auto lenders and other financial services companies accused of preying on the vulnerable."

"On Tuesday, he took another step, telling gleeful banking executives that he was interested in shutting down a public database where people can lodge complaints against financial companies. Bureau officials had used the database to figure out when they needed to investigate a company and to gather evidence. Mulvaney dismissively referred to it as "a Yelp for financial services sponsored by the federal government."

Aaron Klein of the Brookings Institution told The Wall Street Journal's Yuka Hayashi that the database was "an incredibly important tool that empowers consumers." Finally, in the pettiest move of all, Mulvaney said he would change the order of the words in the bureau's name -- to the bulkier "Bureau of Consumer Financial Protection." Administration officials acknowledged that the move was meant "to diminish the agency's public profile." It also seems like an unsubtle attempt to erase the old C.F.P.B. from everyone's memory."

"The whole episode fits a Trump administration pattern. In describing his behavior with lobbyists, Mulvaney did something outrageous and worthy of attention. And yet he also managed to divert attention from policies doing real damage to Americans."

"He made news this week by committing what's known as a Kinsley gaffe: Mulvaney told the truth. Describing the behavior of himself and his staff during his years in Congress, Mulvaney said: "If you're a lobbyist who never gave us money, I didn't talk to you. If you're a lobbyist who gave us money, I might talk to you." Lovely, eh? "

"It is hard to decide what is the worse thing here," The Washington Post's Jennifer Rubin writes, "Mulvaney's pay-to-play operation, his shamelessness in bragging about it or Republicans' utter indifference to it." The attention to that comment drowned out nearly everything else that Mulvaney said at a conference of bank executives on Tuesday. But the rest of his remarks deserve some scrutiny, too."

Submitted on Thursday, Apr 26, 2018 at 3:10:50 PM

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Thnx for the additional info I didn't know. What I do know is that laxity of regulatory agencies has been going on since their origin. Trump is just the current patsy in the Oval Office.

Submitted on Thursday, Apr 26, 2018 at 4:03:11 PM

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...interesting piece -- I feel partially validated in my views in that Gary Brumback talks about "good" capitalism and "bad" capitalism, while many today like to blame "capitalism" for just about everything, but I believe the framework within which capitalism is allowed to operate as the actual problem...

I see "capitalism" as fire -- use it wisely and you can heat your house and prepare your food, or, use it unwisely and burn down the whole effing thing...the flames just do what they must with what they are faced with...

Using capitalism wisely would require prevention of capitalists from attaining political power -- AND -- sustaining an uncorrupted political culture...well...the US has completely failed with all this and one of the core problems is the meta-jurisdictional foundation -- a "super-state level" entity that was designed to be "imperial", that is, expansionistic...

That in itself is a criminal proposition which obviously infects and colors the entire societal reality...

There is no "fixing" this, it was designed to be this way...zero legitimacy is the result.

The tower of power has to be torn down and the pieces distributed for local control and radical de-centralization...

It's ironic how this was so easily understood in the "west" when the issue was the Soviet-Union, but not at all understood within the US today (or yesterday)...but Americans have an advantage in that they can study, in real time, the evolution of the EU -- when the centralizing forces gain traction with strong winds behind them, "democracy" folds like the fragile house of cards it always was and will be...local "democracy", fine..."super-state democracy"?...there is no such thing...

Tinker with the "system" while leaving the structure intact will never prevent talented, determined and resourceful political criminals -- their goal is perfect impunity in perpetuity and they have just about reached that goal...consistently protected by..."democracy"...

Submitted on Monday, Apr 30, 2018 at 9:46:36 PM

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Reply to gunnar kullenberg:   New Content

Brilliant commentary Gunnar! Love your fire metaphor and tower of power. You should consider contributing some of your own writings as articles!

Submitted on Monday, Apr 30, 2018 at 11:10:32 PM

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