12 Largest Banks Sued By Public Retirement Funds For “Conspiring To Rig Global FX Markets”

Ambassador Lee Emil Wanta Date: 1 April 2014 22:49 Subject: ISA_12 Largest Banks Sued By Public Retirement Funds For “Conspiring To Rig Global FX Markets”_circa2014 To: “POTUS_U.S. President Barack H. Obama” <[email protected]>, “U.S. President Barack H. Obama” <[email protected]>, POTUS_Office of the President <[email protected]>, OMB_President Barack Obama <[email protected]> Cc: Chief Justice_John G Roberts <[email protected]>, US Supreme Court_Chief Justice John G Roberts <[email protected]>, United States of America <[email protected]> Yesterday, we read with some amusement that Goldman has moved Guy Saidenberg, reportedly one of the greater profit centers at the firm – and how could he not be when he always traded against Tom Stolper’s recommendations which led to tens of thousands of pips in losses to those who listened to him over the past five years – from head of global foreign-exchange trading to a new role, as co-head of commodities.  Why did Goldman decide to scrap its once uber-profitable FX vertical and redo it from scratch? Simple – the ability to rig and manipulate FX markets, which are now under every global regulator’s microscope after the “Cartel” members so foolishly let themselves be exposed to the entire world, is no longer there, as confirmed last night by news that a dozen large investors have filed a joint lawsuit against 12 banks for “allegedly conspiring to rig global foreign-exchange prices.” Allegedly? Hasn’t everyone read the Cartel chatroom transcripts yet? WSJ reports:
The class-action lawsuit, filed in U.S. District Court in the Southern District of New York late Monday, was from a group of investors across the U.S. and Caribbean, including city and state pension plans. They accused the banks of communicating “with one another, including in chat rooms, via instant messages, and by emails, to carry out their conspiracy,” and for rigging foreign-exchange rates as far back as January 2003, the lawsuit said.
The bank sued are BofA, Barclays, BNP, Citi, Credit Suisse, Deutsche, Goldman, HSBC, JPM, Morgan Stanley, RBS and UBS, or, in other words, everyone. And certainly all the Too Big To Prosecute banks. So best of luck there, even though the plaintiffs include some very recognizable public investment funds:
The investors behind the consolidated lawsuit are: Aureus Currency Fund LP, a Santa Rosa, Calif., investment fund; the City of Philadelphia and its board of pensions and retirement; the Employees’ Retirement System for the Government of the Virgin Islands; the Employees’ Retirement System of Puerto Rico Electric Power Authority; Fresno County Employees’ Retirement Association; Haverhill Retirement System for the city of Haverhill, Mass.; Oklahoma Firefighters Pension and Retirement System; State-Boston Retirement System; Tiberius OC Fund, a Cayman Islands fund; Value Recovery Fund LLC, a Delaware fund with offices in Connecticut; Syena Global Emerging Markets Fund LP, a hedge fund in Connecticut; and the United Food and Commercial Workers Union. In the complaint, the investors accused the banks of controlling foreign-exchange rates via a “small and close-knit group of traders.” They alleged it became possible for banks to rig the market because the traders “have strong ties formed by working with one another in prior trading positions” and by in many cases living “in the same neighborhoods in the Essex countryside just northeast of London’s financial district.” “They belong to the same social clubs, golf together, dine together and sit on many of the same charity boards,” the complaint adds.
Of course, the rigging of FX markets, disclosed hot on the heels that Libor too was massively manipulated (to the delight of “conspiracy theorists” everywhere) is by now well known. But the punchline is not that FX is rigged, and as a result virtually all carbon-based traders are now gone, leaving the FX market at the mercy of Virtu and GETCO algos (those USD/JPY momentum ignitions at specific, recurring times of the day are just that), but that as Goldman has shown by relocating Saidenberg, the commodity market is the only one where manipulation, rigging and fraud are not only possible but smiled upon by regulators. Because one of the key commodities in said market is gold. And as everyone knows, alongside getting the Russell 200,000 to all time highs, the other core mandate of central bankers everywhere is to push gold to 0. The worst news: we are rapidly running out of “conspiracy theories” that haven’t become conspiracy facts yet. Source:  http://www.oneworldofnations.com/2014/04/12-largest-banks-sued-by-public.html

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White Hat Auxiliaries – FACT CHECK #114

Greetings! From OWoN we have the following update – from the top. Please read it carefully and rest assured that we are doing our very best to make sure you are kept updated on all relevant matters. We have a request. Please try not to submit questions to us via e-mail. It would be easier to address all questions via the blog. If you need to e-mail us, then you may certainly do so. Also, we do not maintain email update lists, so if you write to us requesting to be added to such, we cannot do so. Thank you all for your tremendous support. The White Hats and their associates and staff do read your comments and are very appreciative of your recognition of their work. Please await further updates as they are available. WHA ================================================= To All, As of yet, there have been NO Settlements done and these Guru Broker sites winding up the public to peddle their 300% marked up notes are disgusting. Poor and Needy people are being scammed and conned. It’s disgusting conduct praying on their needs. Wrong, wrong, wrong! How can we help change lives when a needy soul with their last $500 Bucks is only getting true value of $150 of Notes back and ruthlessly skimmed by these racketeers? The loss to them is enormous when converting now. Check the Real Rates when buying. Many of these sites are Scammers. These parties will not be given any access to the process or news early. ONLY the PPs will be done first so you have time. We will probably only come out at c10 EST so as to cover Mid States and then 07-00 is not too bad to West Coasters. OMG we hear. No we won’t delay it more or the Europeans will take the lot. West Coasters you move it or lose it. But we will pre advise when. This week will only be at best the majors being pre advised or later. That will not be for Public trades. Ignore the Guru garbage. The US Patriots and ourselves are trying to help all of you in safe steps. You have time! When the time is right you WILL be helped. Trust the integrity of the back up you are getting. It ALL flows via this main group. Source:  http://whitehatauxiliaries.wordpress.com/2014/04/01/fact-check-114/

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Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?

A New Financial System independent from Wall Street and City of London begins to take shape concretely in Russia?

Russia “forced” by the sanctions to create a currency system which is independent from the US dollar.   Russia announces that it will sell (and buy) products and commodities – including oil – in rubles rather than in dollars. The move is towards the development of bilateral.

Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the “killer speculations” (e.g. short-selling) of the big Western financial institutions — for a long time.

After sanctioning several Russian banks to punish Russia for Crimea, the Washington politicians were told by the financial power-to-be to step back because obviously, the Wall Street vampires understand that putting Russian banks outside the reach of their blood sucking teeth is never a good idea. For Wall Street and the city’s financial services, countries like Russia should always have an open financial door through which their real economy can be periodically looted. So Washington announced that it was a mistake to enforce sanctions on all Russian banks; only one, the Rossiya bank shall be hit by sanctions, just for propaganda reasons and to make an example out of it.

It is what Putin needed. Since at least 2007, he was trying to launch an independent Ruble System, a financial system that would be based on Russia’s real economy and resources and guaranteed by its gold reserves. No  tolerance for looting and financial speculation: A peaceful move, but at the same time a declaration of independence that Wall Street will consider as a “declaration of war”.

According to the Judo strategy, the sanction attack created the ideal situation for a “defensive” move that would redirect the brute force of the adversary against him.  And now it’s happening. Bank Rossiya will be the first Russian bank to use exclusively the Russian ruble. The move has not been done in secret. On the contrary. A huge golden ruble symbol will be set up in front of bank Rossiya headquarters in Perevedensky Pereulok in Moscow “to symbolize the ruble’s stability and its backing by the country’s gold reserves,” the official agency Itar-Tass explains quoting the bank officials. In fact, the officials  are very clear on their intention to punish the western speculators that have been looting their country for a long time:
“Russia, at its present stage of development, should not be dependent on foreign currencies; its internal resources will make its own economy invulnerable to political wheeler dealers.”

This is only the first step, declared Andrei Kostin, the president of VTB, another bank previously sanctioned:

“We have been moving towards wider use of the Russian rouble as the currency of settlement for a long time. The ruble became fully convertible quite a long time ago. Unfortunately, we have seen predominantly negative consequences of this step so far revealed in the outflow of capital from this country. The influx of foreign investments into Russia has been speculative and considerably destabilizing to our stock markets.”
According to Itar-Tass, Kostin was very precise and concrete:
“Russia should sell domestic products – from weapons to gas and oil – abroad for roubles and buy foreign goods also for rubles….Only then are we going to use the advantages of the rouble being a foreign currency in full measure.”

Putin himself lobbied for the new siystem in meetings with members of the Upper House of the Duma, the parliament, on March 28, overcoming the last doubts and indecisions: “

“Why do we not do this? This definitely should be done, we need to protect our interests, and we will do it. These systems work, and work very successfully in such countries as Japan and China. They originally started as exclusively national [systems] confined to their own market and territory and their own population, but have gradually become more and more popular…”

Alea Iacta Est!

Source:  http://www.globalresearch.ca/putin-flushes-the-us-dollar-russias-gold-ruble-payments-system-delinked-from-dollar/5375866

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More Free Energy Info… Exciting!!!

The Nikola Tesla Institute, founded in 2012 in Brasília, Brasil is a scientific organization with a goal of popularization of new energy research. The private research laboratory is located near the lake Paranoa in the capital of Brazil.

Declaration of Energy Independance

When in the Course of human events, it becomes necessary for the People of Earth to dissolve the relationships, habits, and thought patterns that have bound us to a unsustainable energy paradigm, our conscience compels us to state our grievances with these outmoded systems, and to unanimously declare our intentions for the future of free energy.
We hold these Truths to be self-evident: that in our modern age, all means of energy production are not equal, some being polluting, limited, non-renewable and controlled by corporate-driven profit motives, while others are clean, abundant, sustainable, and able to be made freely available for the betterment of all people; that human innovation and creativity and has excelled beyond our current methodologies of energy production; that the current energy paradigm is ecologically unsound, economically unfeasible, socially divisive and morally bankrupt; that dependency on our current energy production methods has led to the increasing environmental degradation of our living planet, and to a growing systemic mentality of scarcity, lack, fear, aggression and imperialism; that free energy technology has been developed and suppressed for over a century and we need not be dependent on non-renewable energy for a moment longer; that the time is Now for us to develop means of energy production and distribution that utilizes the inherent abundance of Nature itself; that, as stated by the great scientist and inventor Nikola Tesla, science is but a perversion of itself unless it has, as its ultimate goal, the betterment of humanity; that whenever any energy model has been perpetuated toward a system of control, limitation, and the stagnation of humanity’s collective evolutionary progress, it is the right and duty of the peoples of all nations to abandon the outmoded technologies upon which such systems are built, and transition toward those which are clean, renewable, sustainable, and free.
 
Click here for more… ********************************************************************************* Wireless electricity to be launched in Bangkok Click here for more… *********************************************************************************  

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