Credit Suisse revelations: The rot of global financial oligarchy and its banking system
By Jean Shaoul | February 28, 2022
The leak of 30,000 bank accounts belonging to Credit Suisse has revealed the enormous wealth of dictators, criminals, officials and business tycoons involved in torture, drug trafficking, money laundering, corruption and other serious crimes. It confirms the financial parasitism, fraud and illegality that permeates the ruling elite in every capitalist country.
The revelations cover only a small proportion of the bank's 1.5 million private clients and includes personal, shared and corporate bank accounts worth $108 billion. Nearly 200 accounts are worth more than $108 million, with a dozen or more worth billions. Some were opened in the 1940s, but more than two-thirds were opened after 2000. Many have since closed.
The investigation, known as Suisse Secrets, began with a leak by an anonymous whistleblower to the German newspaper Süddeutsche Zeitung and was coordinated with the Organized Crime and Corruption Reporting Project (OCCRP). It involved analyses by 160 journalists from media organisations around the world, including the Guardian, Le Monde, NDR, the Miami Herald and the New York Times.
Credit Suisse, Paradeplatz in Zürich, Switzerland (Photo credit: Roland zh)
Suisse Secrets shows that the bank allowed people to open accounts even after they had been convicted of serious crimes and failed to investigate or even ask about the source of many other clients' wealth. It alleges that the bank knowingly managed hundreds of millions of dollars for suspected war criminals, corrupt autocrats and drug dealers. Credit Suisse denied this, saying it "strongly rejects the allegations and inferences about the bank's purported business practices."
The world's best-known banks are little more than machines for laundering the ill-gotten gains of the filthy rich and protecting their owners from tax demands or accountability so they can salt their loot away for future use. They are accomplices to the rampant criminality of a parasitic ruling class that plunders and exploits the world's inhabitants to the tune of trillions of dollars a year, while dodging taxes—variously estimated at between $400 billion and $800 billion a year—on their income and wealth.
According to the Guardian, the bank's clients included a human trafficker in the Philippines, the former chair of the Hong Kong stock exchange who was jailed for bribery, a billionaire who ordered the murder of his Lebanese pop star girlfriend, executives who helped themselves to the revenues of Venezuela's state-owned oil company, an Italian accused of laundering funds for the infamous 'Ndrangheta criminal group, corrupt politicians and their families around the world, including in Egypt and Ukraine, and a Vatican-owned investment company currently involved in a criminal tribunal over an allegedly fraudulent €350 million investment in a London property.
Others include the sons of an Azerbaijani strongman, who deposited millions of laundered dollars from shell companies, and key figures from Central Asia's elites, including oligarchs who made their wealth from natural resource extraction, ministers, and other top officials, some of whom have been convicted of massive corruption, as well as the children of two former presidents, Kazakhstan's Nursultan Nazarbayev and Uzbekistan's Islam Karimov.
Please go to World Socialist Website to read more.
The Few Banks that Own All
by Anthony Migchels | July 26, 2012
In the autumn of 2011 an already legendary study by a number of Swiss scientists revealed that a small number of banks controlled a decisive stake in the globe's economy. The idea that the banks are a cartel and that this cartel controls the economy is now a scientifically quantified matter of record.
The study, called 'the Network of Global Corporate Control' was done by Stefania Vitali, James B. Glattfelder, and Stefano Battiston, in Zurich, Switzerland. The method was datamining the Orbis Marketing Database 2007, with data on more than 30 million economic actors (companies and investors) worldwide, including asset positions.
The study was published in the New Scientist, a highly respected outlet of mainstream science.
The results were interesting, although basically predictable.
Massive centralization
It transpires that there are about 43,000 companies that are Transnational according to the OECD definition.
There is a top 1,318 of them that seem to be at the center of it all. This core group has three important characteristics.
1. Between them, they generated 20% of the world's income.
2. They own each other.
The Orbis database clearly showed that most shares of these corporations were owned by other members of the group of 1,318. This means that the biggest, most profitable and influential corporations in the world all own each other and are basically one massive cartel, or even monopoly. They are competing only nominally. Competition is sin.
3. The core owns all the other biggest 43,000 Transnational corporations.
by Anthony Migchels | July 26, 2012
The study, called 'the Network of Global Corporate Control' was done by Stefania Vitali, James B. Glattfelder, and Stefano Battiston, in Zurich, Switzerland. The method was datamining the Orbis Marketing Database 2007, with data on more than 30 million economic actors (companies and investors) worldwide, including asset positions.
The study was published in the New Scientist, a highly respected outlet of mainstream science.
The results were interesting, although basically predictable.
Massive centralization
It transpires that there are about 43,000 companies that are Transnational according to the OECD definition.
There is a top 1,318 of them that seem to be at the center of it all. This core group has three important characteristics.
1. Between them, they generated 20% of the world's income.
2. They own each other.
The Orbis database clearly showed that most shares of these corporations were owned by other members of the group of 1,318. This means that the biggest, most profitable and influential corporations in the world all own each other and are basically one massive cartel, or even monopoly. They are competing only nominally. Competition is sin.
3. The core owns all the other biggest 43,000 Transnational corporations.
These companies generate another 60% of the entire world’s income. So not only is the top of the business world one major cartel, it controls or outright owns all of its lesser brethren, confirming the idea of one incredible monopoly owning the entire world.
Besides these three issues with the core of 1,318, there are two more shocking observations:
4. 80% of the total control was in the hands of an even smaller group of 737 corporations.
5. And last but not least: at the very top, only 147 corporations directly control 40% of the total wealth.
Conclusion
See the top 50 of this list below the article.
As you can see from that list, they are all banks or other financial institutions.
So no, it's not a hyperbole to say the Banking System is One. We're not overstating the case when we say it's just one massive cartel. That the banks own everything, including all the major industries. Oil, Weapons, Pharmaceuticals, Food, Telecom and IT, etc. It's all one massive monopoly. Controlled from the top down.
The Money Power is real and these Swiss gentlemen have done us a favor by crunching the numbers.
Questions remain. How do the CAFR's of US Governmental pension funds and the like fit in this picture? How are the companies controlled if they all own each other?
However, the last few years we have seen conspiracy theory getting validated more and more everyday. People are still surprised, but that is only because they don't understand human nature. People conspire to do just about everything. It would have been really surprising had there not been a conspiracy to rule the world.
Related:
Understand the Banking System is One
Besides these three issues with the core of 1,318, there are two more shocking observations:
4. 80% of the total control was in the hands of an even smaller group of 737 corporations.
5. And last but not least: at the very top, only 147 corporations directly control 40% of the total wealth.
Conclusion
See the top 50 of this list below the article.
As you can see from that list, they are all banks or other financial institutions.
So no, it's not a hyperbole to say the Banking System is One. We're not overstating the case when we say it's just one massive cartel. That the banks own everything, including all the major industries. Oil, Weapons, Pharmaceuticals, Food, Telecom and IT, etc. It's all one massive monopoly. Controlled from the top down.
The Money Power is real and these Swiss gentlemen have done us a favor by crunching the numbers.
Questions remain. How do the CAFR's of US Governmental pension funds and the like fit in this picture? How are the companies controlled if they all own each other?
However, the last few years we have seen conspiracy theory getting validated more and more everyday. People are still surprised, but that is only because they don't understand human nature. People conspire to do just about everything. It would have been really surprising had there not been a conspiracy to rule the world.
Related:
Understand the Banking System is One
Take your money out of the bank NOW! (with video)
For this article I am indebted to David Wilcock.
1 BARCLAYS PLC GB 6512 SCC 4.05
For this article I am indebted to David Wilcock.
1 BARCLAYS PLC GB 6512 SCC 4.05
2 CAPITAL GROUP COMPANIES INC, THE US 6713 IN 6.66
3 FMR CORP US 6713 IN 8.94
4 AXA FR 6712 SCC 11.21
5 STATE STREET CORPORATION US 6713 SCC 13.02
6 JP MORGAN CHASE & CO. US 6512 SCC 14.55
7 LEGAL & GENERAL GROUP PLC GB 6603 SCC 16.02
8 VANGUARD GROUP, INC., THE US 7415 IN 17.25
9 UBS AG CH 6512 SCC 18.46
10 MERRILL LYNCH & CO., INC. US 6712 SCC 19.45
11 WELLINGTON MANAGEMENT CO. L.L.P. US 6713 IN 20.33
12 DEUTSCHE BANK AG DE 6512 SCC 21.17
13 FRANKLIN RESOURCES, INC. US 6512 SCC 21.99
14 CREDIT SUISSE GROUP CH 6512 SCC 22.81
15 WALTON ENTERPRISES LLC US 2923 T&T 23.56
16 BANK OF NEW YORK MELLON CORP. US 6512 IN 24.28
17 NATIXIS FR 6512 SCC 24.98
18 GOLDMAN SACHS GROUP, INC., THE US 6712 SCC 25.64
19 T. ROWE PRICE GROUP, INC. US 6713 SCC 26.29
20 LEGG MASON, INC. US 6712 SCC 26.92
21 MORGAN STANLEY US 6712 SCC 27.56
22 MITSUBISHI UFJ FINANCIAL GROUP, INC. JP 6512 SCC 28.16
23 NORTHERN TRUST CORPORATION US 6512 SCC 28.72
24 SOCIÉTÉ GÉNÉRALE FR 6512 SCC 29.26
25 BANK OF AMERICA CORPORATION US 6512 SCC 29.79
26 LLOYDS TSB GROUP PLC GB 6512 SCC 30.30
27 INVESCO PLC GB 6523 SCC 30.82
28 ALLIANZ SE DE 7415 SCC 31.32
29 TIAA US 6601 IN 32.24
30 OLD MUTUAL PUBLIC LIMITED COMPANY GB 6601 SCC 32.69
31 AVIVA PLC GB 6601 SCC 33.14
32 SCHRODERS PLC GB 6712 SCC 33.57
33 DODGE & COX US 7415 IN 34.00
34 LEHMAN BROTHERS HOLDINGS, INC. US 6712 SCC 34.43
35 SUN LIFE FINANCIAL, INC. CA 6601 SCC 34.82
36 STANDARD LIFE PLC GB 6601 SCC 35.2
37 CNCE FR 6512 SCC 35.57
38 NOMURA HOLDINGS, INC. JP 6512 SCC 35.92
39 THE DEPOSITORY TRUST COMPANY US 6512 IN 36.28
40 MASSACHUSETTS MUTUAL LIFE INSUR. US 6601 IN 36.63
41 ING GROEP N.V. NL 6603 SCC 36.96
42 BRANDES INVESTMENT PARTNERS, L.P. US 6713 IN 37.29
43 UNICREDITO ITALIANO SPA IT 6512 SCC 37.61
44 DEPOSIT INSURANCE CORPORATION OF JP JP 6511 IN 37.93
45 VERENIGING AEGON NL 6512 IN 38.25
46 BNP PARIBAS FR 6512 SCC 38.56
47 AFFILIATED MANAGERS GROUP, INC. US 6713 SCC 38.88
48 RESONA HOLDINGS, INC. JP 6512 SCC 39.18
49 CAPITAL GROUP INTERNATIONAL, INC. US 7414 IN 39.48
50 CHINA PETROCHEMICAL GROUP CO. CN 6511 T&T 39.78
________
Central bankers and their private intelligence networks are a thieving blight and a parasite on humanity.
Has the West Just Robbed Russia of Hundreds of Billions of Its Foreign Reserves?
The network of global corporate control
Central bankers and their private intelligence networks are a thieving blight and a parasite on humanity.
Has the West Just Robbed Russia of Hundreds of Billions of Its Foreign Reserves?
The network of global corporate control
The psychopathic criminally insane and irrational actions of these people are destroying civilization and humanity. Those who are heavily invested in this financial system do not see it that way. Their purpose is to use every possible leverage they can to personally profit no matter the consequences or their own justification. For them it doesn't matter how many wars are started or how many people are killed as long as their profits are not tampered with. This central banking death cult warfare model that has been in existence for 500 years is presently undergoing a digital make over and once the infrastructure has been built this same model will exist for another 1,000 years unless we reject it.
Lawyers are the only profession where you can take a bribe and call it a fee:
All these big banks including Credit Suisse are involved in money laundering. Money laundering is a consequence of the central bankers' commercial warfare model.
The profound secrecy and non-transparency leads to cesspools of criminality, fiduciary fraud, money laundering and banking deception not to mention tax evasion. Are we really that surprised to learn when hackers get inside the computing infrastructure of these banks to start pulling out this information revealing it to us?
This is how the well connected and elitist criminal oligarchs operate through their banks:
VEB, the Russian Bank Sanctioned by Biden Yesterday, Has an Uncomfortable History with Jared Kushner, JPMorgan and Citigroup
VEB, the Russian Bank Sanctioned by Biden Yesterday, Has an Uncomfortable History with Jared Kushner, JPMorgan and Citigroup
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