- Basel Accords III is another crude endeavour by BIS and
Global Too Big To Fail Banks to cover up their scams and shore up the global
- Part 1 - The Mechanics of the Derivative Scam
- The fact that common folks in the US and other developed
countries have not come out in arms to lynch the central bankers and their
accomplices in Wall Street and other banking centres is an indication how
effective the financial elites have been able to hoodwink and confuse the
- $Trillions have been wiped out but hardly anyone of substance
has demanded criminal prosecutions. Fraud, massive frauds have been committed
by top bankers, lawyers, accountants, regulators and politicians of all
hues but none had to pay for their crimes.
- But, the guy who robs the corner shop down the road for
a couple of bucks is incarcerated for five years or more, buggered and
abused in prison. There is no pity for such a scumbag, no matter what are
the circumstances that drove him to commit the crime.
- The Bernankes, the Geithners, the Paulsons, the Larry
Summers and their pals in Goldman Sachs, JP Morgan, Citigroup, Merrill
Lynch, Bear Sterns, Lehman Brothers, Fannie Mae, Freddie Mac and their
European counterparts are given blanket immunity and allowed to continue
the rape and plunder of the global economy. I believe that unless progressive
financial analysts and commentators simplify their analysis and commentaries
so that more people will understand how the frauds have been committed,
the status quo would remain and the plunder would continue.
- To read more, please go to www.futurefastforward.com