BANKS CONSPIRACY; LIBYA, 9 11, 7 7

Jerome Kerviel lost €5bn due to 'rogue' trades.

Western Banks 'ripped off' Libya.

Libya was then hit by NATO and the USA.

The banks now say they don't have to pay back any money to Libya.

SocGen Made $1 Billion Derivatives Gamble for Libya, FT Reports



International bankers wasted billions of dollars invested by Libya.

The Financial Times says banks like Goldman Sachs were dealing with Libya's investments at a time when they needed to plug holes in their own balance sheets during the economic crisis.

Most of the money has been lost, but with what's going on in Libya any repayment seems unlikely.

Italians taking Libyans to an Italian concentration camp.

In early 2008, Société Générale lost €5bn due to 'rogue' trades by Jerome Kerviel.

Société Générale then arranged a transaction for Libya.

This transaction has lost 72% of its value.

But the transaction made money for Société Générale, helping to plug a hole in its balance sheet.

"The case is just one example of how leading global financial groups did big business with Col Muammer Gaddafi’s Libya in deals that rarely benefited the North African state’s lumbering $65bn sovereign wealth fund, but generated lucrative fees for the banks."

Goldman Sachs structured a $1.2bn equity and currency derivatives portfolio that lost 98.5 per cent of its value by June 2010.

Libya bet $1bn on SocGen shares
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Did top bankers know when 9 11 was going to happen?

Certain bankers seem to know in advance when terrorist attacks are going to take place, and so they can successfully bet on certain shares falling in price?

'Rogue trader' Jerome Kerviel worked for the French bank Societe Generale.

(SocGen rogue trader Jerome Kerviel 'hit the jackpot' on 7/7 ... / 'Rogue trader' Jerome Kerviel.)

According to Kerviel, "The best trading day in the history of Société Générale was September 11, 2001.

"At least, that’s what one of my managers told me.

"It seems that profits were colossal that day.

"I had a similar experience during the London attacks in July 2005."

On 7 July 2005, 52 people were killed by a series of bus and tube train attacks in London.

A few days before 7 July 2005, Kerviel bet on a fall in the share price of Allianz, the German insurance giant.

"Thanks to the positions I had, I earned €500,000 in a few minutes. It was the jackpot. I was jubilant," says Kerviel.

So, Kerviel made 500,000 euros as a result of London's 7/7 attacks.

Kerviel eventually lost £4 billion while working as a trader with Societe Generale, and now he is on trial.

Kerviel, 32, claims that his colleagues and bosses had been aware of his actions.

Entity drew our attention to:
9-11 And The Black Eagle Trust Fund - For those who want to know

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WHO KNEW IN ADVANCE ABOUT BP RIG EXPLOSION IN GULF OF MEXICO?

There is some controversy over whether or not certain people knew in advance about the Gulf of Mexico rig explosion.

There was a report that certain people 'betted' on TransOcean stocks falling.

The report has been described as 'satire'.

We have read that someone did indeed short the Gulf of Mexico

Reportedly, someone placed 'shorts' on TransOcean stock days before the explosions in the Gulf of Mexico.

Reportedly, Goldman Sachs did the same with airline stocks prior to 911 and again with the housing bubble.




A. True Ott, Ph.D., wrote the following:

I have confirmed that there were indeed numerous "shorts" placed on TransOcean stock just days before the "problem".

Was it Goldman Sachs?

Reportedly, Dr. Ott has confirmed from two sources that Goldman Sachs was in on the shorts being placed on TransOcean stock. (See Email from Don Nicoloff documenting Goldman Sachs short puts on TransOcean stock.)

US SABOTAGE OF BP?

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CORRUPTION

Goldman Sachs was the top Obama donor (CNN.com)

Goldman Sachs reaped $6B after making its $1M Obama contribution.

Senator Carl Levin claims: 'Banks such as Goldman Sachs...bundled toxic mortgages into complex financial instruments, got the credit rating agencies to label them as AAA securities, and sold them to investors, magnifying and spreading risk throughout the financial system, and all too often betting against the instruments they sold and profiting at the expense of their clients.' (Goldman Sachs bosses.)

In Soviet Russia, the communist party centralised the collection of bribes.

In South Korea, bribes are paid by business leaders to a president's campaign fund.

But, in many countries, different ministries, agencies and levels of local government all set their own bribe rates independently. (Corruptionc)

At Inside Indonesia 92, Apr-Jun 2008, Ari Kuncoro, who lectures in economics at the University of Indonesia and who has a PhD from Brown University USA, wrote 'Corruption Inc'

He makes the following points:

1. Economists Shleifer and Vishny, in 1993, distinguished between centralised and decentralised bribery.

Decentralised bribery is worse for economic growth than centralised bribery.

2. In Suharto's Indonesia, corruption was centralised and predictable.

Corruption was controlled by the Suharto family and the top military leadership, in partnership with the big businesses run by the Chinese-Indonesians.

3. In 2001, after the fall of Suharto, Indonesia had a decentralisation program.

More power was given to the regions.

Today, a lot more people are demanding bribes - including local politicians, officials, soldiers and police.

4. President Susilo Bambang Yudhoyono made tackling corruption his central campaign promise.

But, the judicial system and the civil service remain somewhat corrupt.

"The scandalous acquittal by the South Jakarta court of former Bank Mandiri director E. C. W. Neloe ... is just one example."

In 2006, a bribery scandal involved the Chief Justice of the Supreme Court Bagir Manan.

5. There have been successes.

For example, in 2006, former Minister of Religion Said Agil Husein al-Munawar was jailed for seven years for corruptly using Mecca pilgrimage money.

Several former or current directors of state enterprises are now also in court or jail.

6. At a lower level, anti-corruption prosecutions are having some effect.

7. In provincial governor elections in West Java and North Sumatra, 'evidently corrupt and inept incumbents' were soundly defeated.

8. In 2008 it was revealed that the central Bank of Indonesia paid large bribes to national parliamentarians debating a new finance bill.

While the deputy governor of the bank was detained, catching 'the big fish' in parliament proved to be more difficult.

President Yudhoyono publicly disapproved of the anti corruption body's method of 'sting' operations.

9. One big issue is political party funding.

Much of the parties' money is thought to come from corrupt government officials.

10. Lawmaker Al Amin Nasution was arrested in 2008 for receiving a bribe from Riau Islands provincial officials in return for persuading the Ministry of Forestry to change the status of some land sites in Bintan Island.

Many Indonesians believe the arrests so far have only exposed the tip of an iceberg.

11. "As long as corruption in core national institutions of the state is addressed only half-heartedly, the prospects for substantial improvement remain dim...

"In order to succeed nationally, the anti-corruption drive must be accompanied by sweeping reforms in the judicial system and the civil service."