UBS - Victim of U.S. and Swiss Politics
printUBS - Victim of U.S. and Swiss Politics
This is, what WEF-participants have to learn
UBS is the greatest Swiss bank and the by far hugest bank in the world for administration for private Fortune of the richest chaps on this Globe. This Elite in fact does make not one per mille of world's population, and these geniuses let pay taxes alone by Middle Class and the Poor - they have their lawyers, bankers and accounting firms.
Another truth: UBS has come near to bankruptcy due to the politics in New York, due to City of London derivatives, due to structured products, subprime junk in the USA and idiotic products named ABS, CDO, CMO, CDS and other Junk Food "securities", protected by all governments and parliaments on this exploding Bubble.
Like all other Banks and Hedge funds in all countries of the world, UBS just was a little late in getting out of business and selling out and leave the losses to old age insurance, pension funds, private depots and investments funds of all normal folks in all nations.
So UBS had become a victim of the politics of Bill Clinton, Ronald Reagan, Margaret Thatcher, Greenspan, GW Bush, Cheney and in fact of Obama and Geithner as well, who went in the trap of the Wall Street criminals, Summers, Geithner and Krugman and Bernanke and Blair, just being naming here a handful of orthodox Crooks, living in New York and City of London.
Basis of this losses, not only of UBS or CS, but of all banks, insurances, re-insurances, old age insurances, pension funds, hedge funds, investment funds and private greedy idiots of the world were:
U.S. politics
All started with Friedman and Popper. The one created the economic theories for the investment bankers. Popper is responsible for having delivered the philosophical basis for this market freedom scrap and crimes to the detriment of 99 percent of world population.
They had in fact made it possible, by Ronald Reagan, Greenspan, GW Bush and Bill Clinton, that all controls of State were gone until this very day. SEC, FED, IMF and Worldbank were simply not in existence. They on the contrary did all that this Friedman idiocy would be extended to Africa, South America, Russia, China and the rest of capitalistic Asia.
Under these circumstances, banks like UBS did not have the slightest chance, unless they would change all politics and lose in banking all chances in concurrence with Wall Street and City of London banks. And this was never a real and justified question, before 2006, because all Chicago Universities, to say all Universities in the western world, preached Friedman and Popper for the last 40 years - since Thatcher, Pinochet, Videla, CIA, FBI and their crimes against socialism in South America and Africa.
Swiss politics
Since a Swiss tribunal decided that the Swiss Federal Council gave illegal information to IRS (U.S. Tax controls), the parties cried for investigation PUK against Swiss Government. But all of a sudden, the same parties found that changing their politics with USA may cause troubles - costing billions with U.S. authorities. Since then, all Media in Switzerland pretend that the criminal in first place was the management of UBS.
This is real World Erotic Fun, in short WEF - the total Truth is:
In Switzerland, all right-wing scrap like the 7 Dwarfs of Berne, the Giezendanner-Parliament in Berne, Economiesuisse, Avenir Suisse, TV Deltenre, Radio DRS and the whole media of Switzerland crept in the you-know-what of USA, Greenspan, Ronald und Margaret, GW Bush and today Obama, Bernanke, Geithner and his IRS, a criminal organisation like CIA and FBI, with or without actions with Pinochet.
ETH, Swiss Universities and Business High School of St. Gallen just forced all students and future bankers since 1970 to think like Joe Ackermann, Marcel Ospel and NZZ or Tamedia and all other right-wind pragmatic Media in Switzerland.
The Swiss tax fraud havens in Zug, Schwyz, Zurich, Geneva, Ticino, Vaud and Liechtenstein did nothing else, with help of huge Accounting firms, lawyers in Zurich and Geneva, but creating bank secrecy laws and models for tax evasion in favour of the richest sacks in this rotten finance-bubble world.
For a little part, FIRST, private U.S. or French or English or Russian or any other national rich Junk were instructed in all Swiss and foreign banks, not to pay taxes at home.
But, SECOND and more of importance, 90 percent of tax-damage was created by holdings, mixed companies, leasing, management fee and banking instruments in Switzerland, together with all other Tax paradises in the whole world.
Conclusion
This is the total truth about UBS - and the U.S. and Swiss politics.
Whoever says the contrary now, has been bought by the criminal Lobby of bankers on Wall Street, in the City of London, in Israel, around the Bahnhofstrasse of Zurich and Geneva or very heavily at Joe's Frankfurt, Hong Kong new rich Chinese Scrap, Singapore Asian haven for the rich Elite in Asia.
And there are other 100 of richest crooks heavens, having taken Obama and all Chiefs of State on Earth as hostage of their own stupidity and greed - just by having copied the Merde of GW Bush, Ronald, Margaret, Allah Spam de Greenhorn - and U.S. and Swiss politics in favour of the powerful and richest geniuses on this rotten Globe.
Rene Delavy - Berlin and Bournemouth
Author of "WEF = World Erotic Fun" / "World in decline" / "Crash 2007 - Double effect of 1929" / "CHAOS" and some other interesting points on banking and taxation