Attorney General Nominee in Big Scandal: May Jail Lynch ?

Loretta Lynch is in some relatively hot water.

Looks like she has been implicated in allowing one of the world’s largest banks to evade criminal charges after it was found to be guilty of laundering money for all kinds of illicit activity.

World Net Daily originally broke the story back in 2012 before Lynch was looking to assume Holder’s role.

An employee from HSBC bank brought in over 1,000 pages of documentation that showed HSBC was involved in a billion dollar global money-laundering scheme.

The story came and went, and nary a thought given to it.

Until only very recently.

Now the scandal has received more attention from the press, and there is even the suggestion Lynch might have been involved in an illegal deal to help get HSBC off the hook.

Drew Zahn writes, “Obama Attorney General nominee Loretta Lynch may have struck a sweetheart deal with the banking giant that Rolling Stone now calls ‘preposterous even by Eric Holder’s standards.’”

So what happened? How did we get to here?

Well, when WND broke the story in 2012, an investigation was launched into the bank’s illegal activity. Rather than pursue criminal charges, Lynch allowed the bank to settle for the sum of $1.9 billion dollars.

But as more people began to dig into the story, it raised some troubling questions….

From American Prosperity News Network –

Bitcoin Revolution The Next Internet, Says Bank Of England

The arrival of electronic currencies could revolutionise the way Britons pay for goods and services, in much the same way as the internet shook up how we access information, the Bank of England has said.

Cashless forms of payment like the cryptocurrency Bitcoin “potentially combined with mobile technology, may reshape the mechanisms for making secure payments”, the central bank said.

While traditional currencies, including the pound, are backed by central banks, new alternatives have allowed individuals to exchange directly without any such third party.

The Bank could itself create digital currencies, making the new system available as it does with banknotes today. Research would be necessary to develop the technology “without compromising a central bank’s ability to control its currency and secure the system against systemic attack”, the Bank said.

The idea of countries launching their own electronic currencies has gained pace in recent weeks, as Yanis Varoufakis became Greece’s newest finance minister. The Greek-born economist has previously suggested that “the technology of Bitcoin, if suitably adapted, can be employed profitably in the eurozone as a weapon against deflation”….

By Peter Spence – The Telegraph –

[ONLY WAY Editor: Check out our “WAMPUM” cryptocurrency page]

Smoking Gun? Tape Recordings Reveal Reason Bank Closed Gun Seller’s Account

Another gun seller says his firearms business was forced to shut down its bank account as a result of the government’s secretive initiative known as Operation Choke Point.

This time, he’s offering audio recordings to prove it.

Mike Schuetz is a former state employee who worked as a probation and parole officer for eight years in Hawkins, Wis.

After working for the state, he told Breitbart News that he decided to open a private investigation business and operate a gun store on the side.

His store, Hawkins Guns LLC, sells both firearms and ammunition.

To manage his finances, Schuetz set up a business account with Heritage Credit Union located in Hawkins.

On Nov. 13, 2014, Hawkins Guns LLC posted this message on its Facebook page about the credit union’s decision to close its business account:

“Sorry I had to close this afternoon shortly. You will never guess why? I received a call from Heritage Credit Union in Hawkins, where I set up my business account for Hawkins Guns. They told me I had to close the account because they do not service companies that deal in guns. This is just a back door way for those wanting to infringe upon your rights to keep and bear arms and is nothing more than discrimination to gun owners. I have closed the account and am going to a more freedom loving bank to give my business. This will delay my ability to accept credit cards, but in time all will be straightened out. I would highly suggest questioning who you are allowing to house your hard earned money. If you choose to close an account there let them know why!”

In an audio recording released by Schuetz, a Heritage Credit Union bank teller told him: “We have to answer to the examiners. Whoever they are.”

Schuetz wasn’t satisfied with that response and asked to speak with a manager about why the bank was closing an account for a legal and legitimate business.

A regional manager explained to Schuetz that federal examiners came into Heritage Credit Union to perform “an exam on everything.”

Schuetz recorded a series of conversations and phone calls between himself and employees at Heritage Credit Union. The U.S. Consumer Coalition posted audio of those recordings….

By Kelsey Harkness – The Daily Signal –

BIS UNDERMINES NATIONAL SOVEREIGNTY

“Big Brother” is the term used by George Orwell in his classic novel 1984 for the totalitarian state that would lock into place in the year of his title. Why he chose that particular year is unclear, but one theory is that he was echoing Jack London’s The Iron Heel, which chronicled the rise of an oligarchic tyranny in the United States. In London’s book, the oligarchy’s fictional wonder-city, fueled by oppressed workers, was to be completed by 1984. Orwell also echoed London’s imagery when he described the future under Big Brother as “a boot stamping on a human face – forever.” In Secret Records Revealed: The Men, the Money, and the Methods Behind the New World Order (1999), Dr. Dennis Cuddy asked:

“Could the ‘boot’ be the new eighteen-story Bank for International Settlements (BIS) which was completed in Basel, Switzerland, in 1977 in the shape of a boot, and became known as the‘Tower of Basel’?”

The boot-like shape of the building is strange enough to be thought-provoking (see photo), but more disturbing is the description by Dr. Carroll Quigley of the pivotal role assigned to the BIS in consolidating financial power into a few private hands. Professor Quigley, who was Bill Clinton’s mentor at Georgetown University, claimed to be an insider and evidently knew his subject. He wrote in Tragedy and Hope (1966):

“[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

That helps explain the alarm bells that went off among BIS-watchers when the Bank was linked to the new Financial Stability Board (FSB) President Obama signed onto in April. When the G20 leaders met in London on April 2, 2009, they agreed to expand the powers of the old Financial Stability Forum (FSF) into this new Board. The FSF was set up in 1999 to serve in a merely advisory capacity by the G7 (a group of finance ministers formed from the seven major industrialized nations). The chair of the FSF was the General Manager of the BIS. The new FSB has been expanded to include all G20 members (19 nations plus the EU). The G20, formally called the “Group of Twenty Finance Ministers and Central Bank Governors,” was, like the G7, originally set up as a forum merely for cooperation and consultation on matters pertaining to the international financial system. But its new Financial Stability Board has real teeth, imposing “obligations” and “commitments” on its members.

By Ellen Brown – Web Of Debt –

Bank of North Dakota Outperforms Wall Street

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase& Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker.

He backs this up with comparative data on the BND’s performance:

[I]ts total assets have more than doubled, to $6.9 billion last year from $2.8 billion in 2007. By contrast, assets of the much bigger Bank of America Corp. have grown much more slowly, to $2.1 trillion from $1.7 trillion in that period.

. . . Return on equity, a measure of profitability, is 18.56%, about 70% higher than those at Goldman Sachs and J.P. Morgan. . . .

Standard & Poor’s Ratings Services last month reaffirmed its double-A-minus rating of the bank, whose deposits are guaranteed by the state of North Dakota. That is above the rating for both Goldman Sachs and J.P. Morgan and among U.S. financial institutions, second only to the Federal Home Loan Banks, rated double-A-plus.

Dawson goes on, however, to credit the BND’s remarkable performance to the Bakken oil boom. Giving his article the controversial title, “Shale Boom Helps North Dakota Bank Earn Returns Goldman Would Envy: U.S.’s Lone State-Owned Bank Is Beneficiary of Fracking,” he contends:

The reason for its success? As the sole repository of the state of North Dakota’s revenue, the bank has been one of the biggest beneficiaries of the boom in Bakken shale-oil production from hydraulic fracturing, or fracking. In fact, the bank played a crucial part in kick-starting the oil frenzy in the state in 2008 amid the financial crisis.

That is how the Wall Street-owned media routinely write off the exceptional record of this lone publicly-owned bank, crediting it to the success of the private oil industry. But the boom did not make the fortunes of the bank. It would be more accurate to say that the bank made the boom.

Excess Deposits Do Not Explain the BND’s Record Profits

Dawson confirms that the BND played a crucial role in kick-starting the boom and the economy, at a time when other states were languishing in recession. It did this by lending for critical infrastructure (roads, housing, hospitals, hotels) when other states’ banks were curtailing local lending.

But while the state itself may have reaped increased taxes and fees from the oil boom, the BND got no more out of the deal than an increase in deposits, as Dawson also confirms. The BND is the sole repository of state revenues by law….

By Ellen Brown – OpEdNews.com –

Holder Resigns One Step Ahead of the Burning Bridge

By Dave Hodges – TheCommonSenseShow.com –

For months, my sources have told me that Obama will not serve out his entire second term if he does not eradicate the Syrian/Iranian threat to the Federal Reserve’s petrodollar.

Inside sources state that Obama will either be impeached and convicted for high crimes and possibly even treason. Former Attorney General, Eric Holder, has been with Obama every step of the way. Simply put, if Holder stays, he goes to jail, and he knows it.

The fallback plan is for Holder to resign, take the blame for no less than five scandals and then have Obama pardon him before Holder can be prosecuted. With Holder taking the fall for the major scandals of the Obama administration, the trail of criminality ends with Holder’s resignation. This is Obama’s way of staying one step ahead of the burning bridge.

The Facilitation of Criminal Banking

I have interviewed for HSBC Vice-President, John Cruz, as he has detailed how he attempted to inform federal authorities about the criminal money laundering organization present at his bank. Included in the notification of Federal sources was none other than Eric Holder.

When HSBC’s criminal money laundering scheme, on behalf of the Sinoloa drug cartel became common knowledge, Holder excused his passive support by saying that the economy would have suffered if HSBC had been taken down.

Too Big to Fail

When Wall Street played the Ponzi scheme game known as credit-swap derivatives, and broke a multitude of SEC laws, Holder refused to even investigate if major investment firms such as Goldman Sachs had broken the law.

Whistleblowers Purged

Holder has done more to prosecute and stifle whistle-blowing than any other government official, both past and present, as he has made a career out of prosecuting these heroes.

Even the globalist mouthpiece, the New York Times strongly rebuked Holder for spying on journalists and threatening to arrest other journalists for investigating the Obama administration. Let’s not forget that Hastings, Breitbart and Clancy died under very mysterious circumstances under Holder’s watch.

 
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