HSBC and Narco Dollars

HSBC "Promises Clean Up Act"! What a joke? Not one of these BANKSTERS will serve a day in jail, but if a kid is caught selling weed, he's thrown into the slammer, no questions asked.

http://www.businessweek.com/news/2012-07-17/hsbc-probe-results-in-promises-regulator-bank-will-clean-up-act

Here's the KEY QUOTE:

"HSBC’s Mexican bank shipped $7 billion in bulk cash to the firm’s U.S. bank in 2007 and 2008, leaving U.S. and Mexican authorities concerned cartels were the source, the report said."

If an OMOTS brings just $10,000 in cash into the US, they get stopped, searched and INTERROGATED at JFK or whatever airport! What a scam?



Here's a clip worth watching:

http://www.youtube.com/watch?v=GRsoiXaqAcM

And the WSJ story from today:

http://live.wsj.com/video/hsbc-fails-to-stop-drug-money-laundering-in-mexico/F5B880BB-2131-45E2-827E-FEB62EFC5D41.html#!F5B880BB-2131-45E2-827E-FEB62EFC5D41

http://online.wsj.com/article/SB10001424052702303754904577532633575159476.html

These executives in the top banks have been covering up narco money laundering for decades and not one has served a day in jail.



Fines have been meted out and slaps on the wrist have been applied and that's about it!



All of this nonsense about COMPLIANCE and the USA PATRIOT ACT doesn't seem to impact the banking cartel when its executives break the law and sit in front of senate committees scratching their heads and wondering (fraudulently) what the hell happened?

Mitt Thinks He's One of Us (OMOTS)

Who does this clown think he is?

One of us is who he thinks he is! An OMOTS!



And if the US voting public BELIEVE this charlatan, then they will be voting for a man who represents JUST .0001% of the US population.

HDD has no problem with wealthy people, millionaires and billionaires. But when one of these multi-millionaires MASQUERADES as one of us, an OMOTS, HDD gets really pissed off for several reasons:

#1. Don't INSULT our intelligence Mr. Mitt!

#2. Pay your fair share of taxes, i.e. 33% or 35% NOT 15% as you seem to have been doing since becoming a multi-millionaire;

#3. Stop dressing like you're a "WORKING AMERICAN";

#4. Grow a set of balls and stop talking in SCRIPT;

#5. Show the American people your TAX RETURNS for the past 7 years at least!



Rolling Stone did a great story back a few weeks ago regarding the MONEY BAGS bankrolling the Mitt campaign.

http://www.rollingstone.com/politics/news/right-wing-billionaires-behind-mitt-romney-20120524

The question is this: Do the 16 billionaires behind the Mitt have the same outlook on the US as the OMOTS?

The answer to that is a DEFINITIVE NO!



The latest Vanity Fair has a good story on how Mitt has been HIDING $$$$ in tax havens such as the Cayman Islands, British Virgin Islands and places where the ULTRA WEALTHY "send" bags full of dough to AVOID/EVADE TAXES, while the rest of us get SCREWED with W-2 income TAXED AT SOURCE at 35% or 50%.

According to the story in VF, Mitt has investments and BLIND TRUSTS that actually BET AGAINST THE DOLLAR - a potential US President batting against the currency of his OWN COUNTRY, against the currency OMOTS earn, save and borrow in!

http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts

How can people who earn $250,000 think that Mitt is the same as them when he made $250 MILLION in his lifetime?

That's ONE THOUSAND TIMES more than the $250K a year working stiff.



Mitt pays a mere 15% on his investment income which he has HIDDEN in tax havens, while the $250K earner has to pay a FULL 35 points MORE on their W-2 income! Don't try to tell HDD that these OMOTS are in the same camp as Mitt and his buddies, throwing around money like it was out of fashion!

If Romney and his billionaire buddies have their way, the US Constitution will look like a document that was thrown into the paper shredder and taxes on the super-rich will hover at 5% while the OMOTS will be expected to pay through the nose every pay check or monthly salary.

BARCLAYS FRAUD = $453 Million (NO JAIL)

The image opposite reflects the ongoing fraud perpetrated by the "traders" at Barclays Bank in London with respect to the LIBOR manipulation.

Again the white collar goons NEVER GET JAIL time!

Again we see, as OMOTS how these vampires in the banking world get away with all kinds of sophisticated STEALING, but instead its considered "manipulation" as far as the Financial Times is concerned ---

http://www.ft.com/intl/cms/s/0/79bcf548-c907-11e1-a768-00144feabdc0.html#axzz20FYvKYV9

HDD is sick and tired of observing the shenanigans of these CRIMINALS in suits lie and cheat while OTMOTS lose jobs left and right, get laid off, thrown out of their homes and generally suffer financially and economically while bankers cash out and live in gated communities for as long as their pensions and bonuses allow them.



http://www.guardian.co.uk/business/2012/jul/03/bob-diamond-resigns-barclays?newsfeed=true

What did this clown know and when? Who were his underlings? Who made all the $$$? How was the $$$ made?

Student Debt "Collection"

Here is how the student debt bubble operates:

#1. College education has increased by 300% in 30 years;

#2. Potential students borrow a pile to somehow get that dreaded degree;

#3. The student takes out loans and more loans and more loans until he or she is drowning in debt, but is convinced that upon graduation;

#4. But economic reality suggests that there are few jobs, huge numbers of "graduates" and massive mill stones of debt around their necks.

#5. The Department of Education hires several "Collection Agencies" or "Guarantors" who are paid millions in bonuses by ensuring a debtor is immersed in austerity for the remainder of his adult life, paying off a mortgage due to the loans taken out to better himself.

Bloomberg did an excellent piece recently (see below)

http://www.bloomberg.com/news/2012-05-15/taxpayers-fund-454-000-pay-for-collector-chasing-student-loans.html

Anyone in the student loan debt trap reading this will get very angry. These are the main "guaranty" agencies:

https://www.salliemae.com/

http://www.ecmc.org/topic/manageDefault.html

Of course the next big change in the pipeline is a DOUBLING of interest rates on loans, which the Republicans want to increase in July.

http://www.bloomberg.com/news/2012-05-31/republican-leaders-offer-options-for-student-loan-subsidy.html

This would be disastrous for OMOTS with loans taken out to "educate" himself.

And the student loan bubble will surely BURST!

The Canadian media is doing a far better job of explaining the Spanish-Greek-Irish crisis than the LSM in the US with its crappy "news' stories and appalling "world news" coverage.

The story below illustrates just how connected all of these countries are and what the future holds.

http://www.cbc.ca/news/business/story/2012/05/16/spain-bond-yields.html

Just how big is the Spanish economy?

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

According to the site above, Spain is 12th in the world with GDP approaching
$1.5 Trillion at $1,493,513,000,000.

The main problem Spain has is MASSIVE youth unemployment and unemployment in general at 21.7% up from 8.3% just FIVE YEARS AGO.

Here's the Euro-Unemployment picture below: (Click for LARGER)



But youth unemployment is a WHOPPING 45%, that's close to half of Spain's under 30 year olds coming out of college without a job!

http://www.npr.org/2011/05/26/136683688/youth-protests-sweep-spain-as-unemployment-soars

http://www.guardian.co.uk/world/2011/mar/30/spain-unemployed-under-30-emigration


The ECB-IMF plan to hijack these economies and force them and their governments to take "austerity measures" will likely BACKFIRE because the population will not go along and as the youth unemployment gets worse, street protest will get larger and larger forcing the governments in these countries to reassess the ECB-IMF plan.

Student Loan Bubble About to BURST!!

Last Sunday's New York Times (selling at a whopping $5.00 in 2012 when it was $2.00 in 1997) ran a story about student loan debt (see below) in which it reveals that total student debt is $1,000,000,000,000 (That's 12 ZEROS).

http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html?ref=business

According to the Times public spending on college education is at a 25 year LOW, forcing young students to borrow and causing a generation of debt slaves to exist far into the future, holding a piece of paper that says "degree" on it, but with a job that is completely divorced from the content of that degree.

College education costs at the undergraduate level have ballooned with the North East of the US the most indebted (see map)



Like all bubbles pumped to the maximum the natural law is BURST. Click on the picture on the FRONT PAGE of the blog and view the trailer to a DOCUMENTARY on the student loan CRISIS.



Here are a few facts about the college education treadmill and the graduates coming out in 2012:

#1. Worthless pieces of paper for jobs that don't exist;

#2. Massive expectations and entitled attitude upon graduation;

#3. Under trained and unwilling to work hard due to a sense of superiority;

#4. Running back to live with Mom and Dad because of debt;

#5. Long term college debt slaves well into 2020.

Stop and Frisk FARCE

New numbers are out on the NYPD "Stop and Frisk" FARCE (S&F)!

http://online.wsj.com/article/AP98b6e8a2f396476487f069c62d06f4b5.html

http://www.nyclu.org/issues/racial-justice/stop-and-frisk-practices

http://www.wnyc.org/articles/wnyc-news/2012/may/09/nypd-ordered-review-stop-and-frisk-activity/

200,000 people STOPPED and FRISKED in just three months, January to March. Can you imagine how the summer numbers are going to look?

In 2011 there were a total of 685,724 stop and frisks resulting in a "MASSIVE" 1.9% recovery of a weapon.



HDD wants to know how many of the arrests resulted in indictments and trial?

HDD believes that the real reason for S&F is to monitor the citizens, collect information and build a data base on ordinary hardworking New Yorkers, simple as that.



http://ypdcrime.com/penal.law/index.htm

Under New York Penal Law (above), most "Stop and Frisk" activity by thugs in uniform, comes under the section of the penal law below:

S 240.26 Harassment in the second degree -

"1. He or she strikes, shoves, kicks or otherwise subjects such other
person to physical contact, or attempts or threatens to do the same; or

2. He or she follows a person in or about a public place or places;"

This is precisely what cop thugs are doing on a regular basis to OMOTS New Yorkers.