If I promised to sell my car to ten buyers and collected their money you would think I was a crook right? If I was caught laundering drug money you’d probably expect me to go to jail right?
Not if you are a bank. You can sell gold you don’t have and charge holding rates for that non existing gold and launder as much money as you want and may have to pay a tiny
bribe fine when caught.
Here is another link laden expose of how truly criminal the too-big-to-fail banks really are!
From Washington’s post blog
- Laundering money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)
- Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here
- Charging “storage fees” to store gold bullion … without even buying or storing any gold . And raiding allocated gold accounts