Description: The article is about hsbc login. The passage talks about HSBC has caught in biggest banking leak in history. The author makes his views about the issue that HSBC caught in biggest banking Leak in history,he points out that big bank always help rich people to gather money.
Criminality in the banking sector has been going on since the dawn of banking itself and it has multiplied since 1913 with the introduction of the Federal Reserve. When central banking began to take hold of the financial institutions,in more recent years we have had the introduction of derivatives increasing the amount of power that the financial institutions have over the global economy.
Today we will discuss HSBC caught in the biggest banking leak in history. You came here for the truth,so let me unveil that for you. I have this brand new information. This is out of the Guardian,the US government will come under intense pressure this week to explain what action it took after receiving a massive cache of leaked data that revealed the Swiss banking arm of HSBC helped wealthy customers conceal billions of dollars of assets.
The elite and the wealthy are not allowed to have these tax loopholes but they’re advising them on how to do so. The leaked files revealed how HSBC advised some clients on how to circumvent domestic tax authorities were obtained through an international collaboration of news outlets.
We can read on this,but it will take some time,it is very good information that I believe you should read into further if you haven’t read already. Let’s cover a couple of the points and get into it very quickly. They routinely allowed clients to withdraw bricks of cash often in foreign currencies of little use in Switzerland,that’s one point.
They aggressively marketed schemes likely to enable wealthy clients to avoid European taxes so they were aiding and abetting in this. You may have an opinion on what this is,but the fact remains that the little person doesn’t ever get any of these advantages,it’s always the wealthiest people that have all of these advantages,this one is interesting too.
They colluded with some clients to conceal undeclared quote black accounts from their domestic tax authorities,this is an advantage that you and I simply don’t have.
They provided accounts to international criminals corrupt businessmen and other high-risk individuals,this shows you the collusion in between the wealthy people and the government and how they’re able to continue on with their process and their schemes,this is all going to show you how much power they have over the government. The HSBC files cover the period of 2005 to 2007 amounted to the biggest leak in history,shedding light on 30,000 accounts one hundred and twenty billion in assets.
This is huge news. Who are the individuals that are able to take advantage of tax loopholes in general? One of these gentlemen here is Warren Buffett. Everyone loves Warren Buffett and this is out of the Financial Times,Warren Buffett faces pressure for more disclosure,he’s under fire from investment analysts who cover his three hundred seventy billion dollar company Berkshire Hathaway,over the quality of its financial disclosures.
You and I have to put our file our taxes at the end of the year and if you’re missing a dollar on there,then they come at you with all of the force of the law,but if you are Warren Buffett,in fact you have bailouts coming your way. While Berkshire has grown to be the third largest company in the US stock market,its quarterly filings reveal far less detail they companies of a similar size,and they urge Buffett to consider expanding disclosures particularly about their large insurance businesses.
That’s the way it goes,Mr. Buffett,do you mind giving us more information? We don’t want to bother you,we don’t want to ask you for your demand,if you wouldn’t mind you can hand over more information and disclose your findings,thank you. This is the behavior that allows them to continue on with this.
It will be the individual who makes a hundred and twenty five thousand dollars or more a year that gets taxed heavily. They lobby for the taxes and they call it on the wealthy but these are not necessarily the most wealthiest people,they’re simply in the upper middle class,they are the ones who often buy big-ticket items,they are the ones who have the small businesses that can afford to have employees that essentially get the economy moving. But instead,money goes to Warren Buffett and then he shuts down the Keystone pipeline in order to have his business of the rail continue.
New York fed that a confirm revolving door with the banks,that’s why this is allowed to happen,I was talking about that at the beginning with this HSBC scandal that’s going on. A revolving door between the US regulators and banks and fatica Li exists,according to new statistics published by the Federal Reserve Bank of New York.
They criticized that has attracted the criticism for its alleged coziness to Goldman Sachs. and that’s exactly what happens over and over,they are going back and forth and right here. The paper published out of the New York Fed’s website concludes that the banking regulators move into the private sector when the economy is booming,while straitened times result in more former banking bankers joining the sorry agencies.
Restricting hiring by either banks or regulars,however,could result in poor retention of quality staff. This is exactly what has been happening for some time,I’ve been covering this over and over,you have a revolving door because it allows for it,you have the lobbyists which simply add fuel to the fire.
They are lobbying and it is essentially bribing and that’s how it is allowed to take place,this is the reason why we have such a problem. I’m going to move on quickly. As Greece’s financial condition has worsened,undermining the euro,the role of Goldman Sachs and other major banks is masking the true extent of the country’s problems has drawn criticism from European leaders.
What we have is a situation where individual companies are profiting from the losses that are taking place particularly in the euro. But even before that issue became apparent,a little-known company back by JP Morgan and Goldman Sachs and about a dozen other banks created an index that enabled market players to bet on whether Greece and other European nations would go bust.
They have these things called credit default swaps,I’ve been mentioning it a lot times,this is where you can read about it,but essentially these credit default swaps allow them to bet on the fact that the Greece will fall,that’s exactly what Goldman Sachs did and other companies did.
I’ll highlight Goldman Sachs because of the issue that we’re talking about today. They were creating these tools that enable them to profit if Greece fell,they have their people in the banking sector in Greece allowing this deal to go through,they are simply victims of the banking industry and all of their criminal that is taking place.
If you don’t see that,you need to understand credit default swaps and other types of derivatives that go on. There is no real collateral in a collateralized debt obligation when you’re talking about credit cards,that’s the way it works,it doesn’t matter because they are all digital zeros,they’re able to manipulate it and multiply it by several times until you lose track of that initial derivative.
They’re gambling on the most unusual things like the weather and they’re able to not only do this with play money,we’re talking billions of dollars that are being gambled away. We move ahead into present day. The former head of the US central bank,Alan Greenspan has predicted that Greece will have to leave the eurozone.
The new government is saying that they do not want to leave the eurozone,they want to stay put,this is very interesting to see what he says. He told the BBC he could not see who would be willing to put up more loans to bolster Greeks struggling economy. That’s very interesting,on some level that Russia is sticking out their hands to them but will they want to give enough in order to keep them going? This will be something that we’ll have to see.
Greece wants to renegotiate its bailout,but Mr. Greenspan said “I don’t think it will be resolved without Greece leaving the eurozone”. There will be some short-term pain here regardless if Greece leaves the euro zone or not,I think that many of these countries should leave the euro zone definitely not in favor of it overall,simply because it puts control into the hands of the technocrats.
They work for these mega corporations,they are within that revolving door,they are making the laws in these countries,then you have something like the troika which sits over top of them,deciding the laws of that particular country.
I think we can have strong governments in place if we make them in a limited frame and limited scope and not allow them to dictate each and every policy that is taking place on the individuals and removing their rights,we have the smart meters that are taking place,we have capital controls that are being insisted upon these people,it is something that we need to look at and understand. The more control you give to a higher power.the worse things are and that’s what’s happening.
We’re seeing this taking place and we need less of this controlled by technocratic elite,that’s for sure. We need to get back into this issue of the credit default swaps. In my book,I’m talking about mortgage-backed securities and the CDOs as well MBS. As in all of their bubbles,a bunch of new instruments were created but MBS and CDOs will get the spotlight here.
A CDO is an incredibly ridiculous concept which should have never caught steam but unfortunately has. They take all of this garbage,this is the worst of the worst possible debt that they can find and they grab it and they put it inside of one package,they wrap it up into a nice little present for those who want to invest in it.
It doesn’t sound very good when you’re talking about the worst of the worst,they’re going to have to raid it at a very low level but all you need to do is to use that revolving door and get your friends in the rating agencies to rate it at a triple-a and then put it out on the market. The investment companies will buy it up every last penny,that’s exactly what happened,when it all comes crashing down you have a nation like Greece suffering.
This is the Gallup CEO and it said I may suddenly disappear for telling the truth about the Obama unemployment rate. He said that specifically,you can read the quote further down in the article,this is what happens when you try to go against this government,they will do anything they can.
I want to add one last thing to the end of this,it’s not necessarily directly related but it had to fit in in this. This is at a Bloomberg Saudi Arabia,the world’s largest crude exporter cut pricing for March oil March oil sales to Asia,it is a sign that the desert kingdom is continuing to fight for market share.
Saudi Arabia is the key to this oil price,we need to follow each and every one of their moves that they are doing,this is huge. This is further evidence that they are hell-bent on protecting their market share in China.
China is obviously a growing nation,they are using more and more energy as time goes on,they need to partner up with those that are providing them with the resources. Saudi Arabia is a big exporter of oil to China,this is something to pay attention to.
I’ll leave it there because it’s not directly related,but I want to bring that to you,this information is coming to you. I hope you appreciate that if you like this information,I’m still working hard on the website,that’s all behind the scenes,but as soon as it’s all done I will bring that out to you,there’s going to be so much more information for you to read upon.
If you want the best Intel,it’s always at the insiders. If you’re emailing me on my normal email address which is David@the money GPS.com,it’s going to a take me about a week to get back to you,that’s seems to be the lag time between all the emails,I’m trying to reply but I always do so at the insiders first. So if you don’t even want the emails,you can email me directly at the insiders to get a hold of me sooner.