Errors and Lies about scandalous Finance Business
printErrors and Lies about scandalous Finance Business
Don’t' ask if you are informed by governments, parliaments or official State controls on the present state of affairs in Finance Business.
Find some truthful source, some of the few Experts who know the nature of investment banking, of stock exchanges, of Swiss bank paradise models, of the functions in Media Lies and Insider-facts in major Board of Directors of huge Companies.
And here we go - and read each sentence very carefully:
1st Error - The Lehman Brothers Lie
It is generally accepted principle that Lehman Brother was at the Source of the Credit Crises that followed the Wall Street Crash. Error: Lehman was just ONE investment bank, former chief of Goldman Sachs, Minister Paulson, didn't want to rescue with billions of Dollars, considered a little number - Lehman Brothers. But all other investment banks were in the same situation with one big difference: Obama and GW Bush saved them with YOUR tax-money and allowed them with FASB rules, never to show, until this very day, how bankrupt they are. So, the coming breakdown is still in the air- and Lehman Brothers has nothing to do, perhaps to one percent, with the past and the coming collapse of Finance Business from 2010 to 2015.
2nd Error - 2009 Profit-Lie about Investment Banks
It is a big lie that banks in New York, or Frankfurt, or Zurich, or City of London made profits in recent past. Would these banks and Hedge Funds be forced to depreciate their portfolios (same goes for insurance and re-insurance and investment funds) to real value of their junk-papers, not taken over by Governments, they would be broke. Would they be forced to record provisions for future risks, these banks would not show one Dime of Profit. This goes for all Investment Banks on Wall Street, City of London, for Joe Banks in Frankfurt, some banks in Paris, too big to fail shots in Zurich, City of London, Singapore, Hong Kong etc.
3rd Error - Boards of Directors and Accounting firms knew nothing
I know personally most of the important Directors of Banks of my Country. As head of a big consulting firm, I knew most of Boards in the USA, England and Germany. And later on, I was consultant of French Banks. So, I can tell you that Boards and Accounting firms knew ALL about tricks about derivative business and profits thereon, about rich scrap not paying taxes, about bank departments where Boni-Bankers got billions for derivative trash business. It was impossible to do an audit of a bank or insurance company, without getting knowledge of all facts, which were given on to the Directors and CEOs, who in fact wanted the trillions in profits on the account of their clients - with ALL risks to burst later on.
4th Error - Bonuses are paid to bankers on real "achievements"
The whole gossip about "real profits and bonuses to be paid on real performance - after 3 years" is the biggest Fraud ever seen. Not one banker does real business. With Leverage and junk papers like ABS, CDO, CMO and CDS and any other derivative Junk, not worth the paper, idiotic Friedman-Bankers tried to lose the money of pension funds, of individuals, of the richest VIP themselves, to maximize their bonuses with VIRTUAL MONEY - and not with real production or services. As an end result, even after 10 years, profits can be generated, to be financed by State respectively their tax-payers by the end of the game, because the major rule of Accounting goes: "No profit can be generated, without an equal amount being lost somewhere else". On this rule, all Banks, still today, make big profits, financed by clients of banks, tax-payers and pension funds. To assume something else means: Highest stupidity of Chicago School intellect around Friedman and Popper.
5th Error - Swiss and other banks made "individual mistakes" in fraud
Have you ever heard the fairy-tale? UBS chaps went to USA and explained some rich Americans how not to pay taxes with aid of Tax paradises in Cayman, Bahamas, Monaco. Liechtenstein, Singapore, Jersey etc. My god, what a joke: The bank principle is easy to understand: Any person in the world, possessing over 100 millions of Dollars or even billions, pays taxes on real estate, being said to belong to him, and on his official salaries and some securities, the State must know about. For all the rest, an army of banks, of accounting firms, lawyers and consultants tell him what to do, not to pay any taxes anymore. Until the Wall Street Crash, ALL Governments of the world allowed this parallel-world to function. Now, under stress, some Obama, Narkosy, Merkel and Steinbrück, Berlusconi and Putin need that Cash, and instead of act forward against ALL banks and tax paradises, they have chosen UBS or Liechtenstein, to do some little things against bank secrecy and 1000 Models of Tax evasion for privileged Scrap.
6h Error - Experts and Control Items were not informed
My Heaven: It is true that most Experts in finance and economics are dull to the max, they have no idea of the real functions of banks, economics and fraud. But it's their free will and a cunning excuse to have let go to hell Middle Class and Poor, who alone paid the State infrastructures, the armies, interests on debts, the hospitals and the education of their children. Media and governments and control Items of ALL States just did, as if they would be worried about controls, about justice, about tax for the rich, about equality. The proof: All governments lowered taxes for the richest VIP, not only Reagan, GW Bush and Blair, all deregulated all markets in finance and stock exchanges. And they forced African and South American countries on their knees, with IMF and Sachs. They allowed privatisation of State Functions that worked best in water supply and energy etc. They allowed junk papers in derivative markets and they lied to all folks of Middle Class and Poor - from 1990 until end of September 2009.
Still questions, dear friends? Just go again to Cheney, Thatcher, Popper, NYT, Murdoch Fox-TV, Brown, Merkel, Narkozy and Hu and Wen - and ask about capitalism and socialism and the value thereof, when ALL governments of the Globe played the dirty Games with your savings----
Rene Delavy, Berlin and Bournemouth
Author of "Bluff and Fraud on Wall Street and in the City of London" / "The big difference of GW Bush and Obama" / "Crook States - outside Iran, North Korea and Iraq" / "CHINA - without emergency EXIT" etc.