New Rules For Western Banks, Same Hypocrisy
“The more things change, the more they stay the same.” That old cliché certainly applies to to the financial system of Western nations, and the banking cabal which pulls the strings of our puppet-governments.
Bloomberg and other U.S. propaganda outlets are trumpeting the news that Western bankers and (so-called) ‘regulators’ have reached a deal on new capital requirements for these fraud-factories. According to ECB-chief Jean Claude Trichet, lead banking-shill on the far side of the Atlantic, the new rules bring stability to the Western banking system and “address moral hazard”. Quite obviously these anemic new rules do neither.
First a look at the numbers. Some Western banks will be forced to raise their capital requirements by “up to 2.5%”. In fact, some of these banking oligopolies will only have to raise their capital by a mere 1%, while some of these fraud-factories won’t be required to raise any additional capital at all. To understand how recklessly inadequate these new rules actually are requires some context.
To begin with, the current capital requirement for these big-banks (who have placed bets totaling roughly $1.5 quadrillion in the derivatives market alone) is a microscopic 2% of “assets”. Let me repeat this: the same insanely reckless, pathologically greedy bankers who have placed bets amounting to 20 times the size of the entire global economy are currently able to “back” only 2% of those bets (and the actual value of that “2% in assets” is highly suspect).
Bankster apologists will argue that with increased capital requirements of “up to 2.5%”, that this would more than double capital levels for the (minority of) banks which have the maximum reserve-levels imposed upon them – and thus this “fixes” that problem. To rebut such nonsense requires some additional context. In that respect, China’s banking system is the perfect example...
Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132
(zumindest hier im Forum) draußem beim Michl auf der Straße, siehts natürlich anders aus.
