Banksters: HSBC, the Untouchable Titan of Global Finance
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- เผยแพร่เมื่อ 20 พ.ย. 2024
- From the filmmaker behind 'Goldman Sachs: The Bank that Rules the World' comes a compelling new exposé delving into corruption within one of the globe's premier financial institutions - HSBC.
If HSBC were a sovereign entity, it would rank as the fifth-largest economic power worldwide. Originating during the heyday of the Opium trade to facilitate the British Empire's access to the Chinese market, HSBC has forged an unparalleled network for facilitating the movement of illicit funds across the globe. From engaging in tax evasion to laundering money for criminal syndicates and manipulating currency, this bank has been involved in a spectrum of illicit activities, embodying the epitome of misconduct for a financial institution.
In 2012, HSBC faced the imminent threat of losing its operating license in the United States due to its involvement in laundering money for Mexican and Colombian drug cartels. Criminal charges were brought forth, and HSBC's top executives were summoned before a Senate committee. However, a pivotal turn of events occurred when George Osborne, the then Chancellor of the Exchequer in the UK, reached out to his American counterpart and the Chairman of the Federal Reserve, urging leniency. Osborne argued that severe consequences for HSBC could adversely impact global financial and economic stability. His persuasive letter succeeded, leading to a 2 billion euro fine for HSBC - an amount equivalent to a single month's profits.
As the epicenter of international finance shifts towards Asia, HSBC finds itself in a strategic position. Functioning as the most Chinese of Western banks and the most European of Chinese banks, HSBC enjoys protection from London and endorsement from Beijing. The question looms large: who would dare challenge it?
Directors: Jerome Fritel, Marc Roche
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The finance industry gives the illusion of being heavily regulated and when tested, that regulation is just an eye blinder. The industry is rotten to the core.
It IS rotten. Regulations and taxes have made legitimate (normal) banking unprofitable. Government rules and regulations ALWAYS profit politicians at the expense of everyone else.
Banking should not be in private hands in the first place.
Earning a profit on money lend, which a bank creates out of the blue with literally a couple of keystrokes is beyond theft. @@GeorgeDoughty-m8e
Banks are a wcam since invented in venecia
They issued gold certificates, more then they had gold in their vaults
Why do people believe at any point in time banks were not a criminal institution….
@@GeorgeDoughty-m8ewell without these regulations you get FTX activity which infects the entire global economy. Perhaps they shouldn't be so big in the first place.
This the same HSBC that the US used to pursue Huawei executive Meng Wanzhou?
That sounds about right.
The argument that an individual trafficking drugs goes to jail but a bank facilitating whole drug empires pays a not so large fine is on point
Whatever
@@angelachanelhuang1651what do you mean by whatever?
The French guy at the end talking about just China lacking financial transparency ? And they wonder why a third of people in Britain don’t bother to vote during general elections 😂
@@rumatweakin hes an idiot without an answer or opinion
It is an unjust world, isn't it? Sending an individual to jail is a quick win for law enforcement. To apply the same justice to corporations requires a massive amount of resources.
Goldman, Citibank, Barclays. They are all at it. Why only mention HSBC?
HSBC has the widest access, including retail banking in Mainland China which is practically unheard of for a Western institution.
cuz hsbc is the daddy
The American banks are jealous! The US only wanted to stop HSBC so they could take its place.
Nowadays when I watch similar documentaries or videos, if ever, the first thing I would do is ask myself what is the intent of the producers. The intent is important as this will show where and how a documentary producer will want to skew their message. I don't think a producer will just produce a video or documentary just because there is a scandal involved. When I see NGOs like the International Consortium of Investigative Journalists, I stopped watching the video as they are funded by organizations like the US NED. If anyone takes fund from the NED, they are no longer neutral. They will have a spin they want to project. I am not for HSBC but your question is valid. Why only HSBC? I think HSBC is a British bank and if I am not mistaken, this bank was set up to facilitate the opium trade by the British in China. So much for the "stellar" reputation.
I would say because it is chinesse, but what do I know.
“ Power corrupts, and absolute power corrupts absolutely “
🥴🤡
When a poor person steals a loaf of bread because he is hungry will get jail time while the world class criminals get impunity from legal accountability.
We sure live in a weird world full of sleazy two sets of laws.
Lol
The Banker at your local branch is highly scrutinized and regulated. Once you're in the upper echelons, there's less and less rules
The more one learns about the world we live in, the more one realizes just how appalling it is, and that the police, laws and courts are just for the working class. - excellent documentary
Very true . The fools and innocents are led around in circles .
Control the masses. Control their thoughts and demonize their deeds.
What about Deutsche Bank from Germany, or UBS from Switzerland? They're all equally guilty...
why is the point about being guilty or not being guilty? The system is built in such a way that there are loopholes and if someone has a problem with it, they can go fix it
Lol no they arent
Best documentary: please consider doing a feature on the five Canadian charter Banks, their equally complicit in climate destruction, human trafficking, money, laundering, etc.
Actually in Hong Kong, HSBC is not called “the bank”.
It’s called “Hong Kong Bank”, or in Chinese “匯豐” it’s considered the most iconic and prestigious bank.
This video illustrates the true meaning behind "Too Big to Fail"...or essentially, "Too big to jail." 😊
Too big to be prosecuted!!😂😂
@@湯老師-n7j if governments administer law but then you have banks that are too big to be prosecuted, wouldn't that mean banks are more powerful than.....😲...😉
@@湯老師-n7j- hillarous 😂
The problem is that jails for banker have not built yet😅😊
That gleeful happy face is inappropriate
No one talking about HSBC and Panama Papers but very concerned about PAYE customers who may be purchasing an item for a few hundred dollars and the Banks and government want full transparency as to where the cash materialised from.
HSBC is just one of them
Dbs also
Credit Suisse is another
Always play the dramatic creepy music notice...after all.
Goldman Sachs has a repute of being as Saintly as a Monastery. Elementary.
Citi group
I know it is of no importance here, but that bank stole 400 Euros of my money. I had a German banking account, and tried to get money at an ATM of a HSBC in Mexico. It did give me nothing, showing in the display ¨no USD available¨. Mind you, I put in the amount to retire in MXN.. And of course, the ATM was out of paper, so could not print a receipt. On my next bank statement from Germany, 400 Euros had been deducted from my account. And, having no proof of what happend, I could not reclaim the money.
😂😂😂 get to bed .
That must be tough...watching your hard earned money get stuck in the system..I hope your issue gets resolved soon
Bank probably owned and operated by the Mexican cartel
You should have memorized the abms number and the time of said transaction even without a receipt. That what I do at my local bank and they have that information.
@14:28 - the boxes were not designed to fit through the teller windows; the night drop windows were actually re-cut into the walls of various branches to receive larger boxes of bulk currency, at the cartel's request
The global financial corruption is so deeply rooted and widespread, it is unstoppable. Destroying societies as well as the economy and environment we all depend upon. Brutal.
There's many, many more of us...........
@@RickL_was_here We are like a herd of cattle. Massive, powerful, but in the end the actions we take are predictable and easily countered by a few cocaine cowboys who get paid by shady monied interests. China? Probably. The globalists? Maybe. The Rothschilds? Possibly. The CIA? 🤔 All of the above? 😱
So, let’s pretend it’s the Rothschields. They could release a pathogen that takes out everyone except the most docile and controllable people. If we tried to fight back they could unleash the worlds nukes and hang out in a bunker a mile under a mountain and wait us out while we desperately try and get to them before we succumb to the endless traps they could lay. In the end, we enter the bunker and find … lookalikes, lizard people, robots, … who knows. It doesn’t matter. The mob can’t solve problems like this. That’s how communism took root. The Russians murdered the Romanovs, their Tsar (King), a hard man who tried his best to lead his people to victory but failed. His little girls were torn to bloody little pieces by frightened men with guns, who acted like soulless robots and carried out their heartless decision with cruelty. When you birth a nation in blood like that, you curse your children with the burden of the blood you spilled. For 75 years the Soviets suffered under communism and the Russians still suffer under ex-kgb old guard. Same thing with Haiti. We can’t hate our way to a better world
Spot on .
Human greed has no limit...
The folks that run the world are not humans and they tell you so in their law dictionaries. Do some research and you will find that they are the descendents of the biblical Nephelim.
Egoistic behavior s 😂🎉❤
Great title for a good documentary like that.
Bank of Pirates 🏴☠️🏴☠️🏴☠️
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🪐🕰😅😅🚀🚀🇱🇷🇱🇷🇮🇱🇦🇪🌍☝️☝️☝️😔🔥🔥🔥🔥🔥🔥🔥🔥kat Catherine medliton 😅
🙋♂️☝️🛸🃏🎱🕰👸👸👸👸👸👸👸👸🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀kat kammack 😅
The thing is, if you build a road and some pirates come down it, it does not make you a pirate enabler per se. I believe that is how it is understood over that way. The bank is not the police. It actually provides a good quality service.
@@Andrew-rc3vhYou need to study the history and origins of this particular bank, buddy!
@@Kfcng60 I did read a book on this period and a few things which happened between the British and the Chinese. Anyway, that was a long time ago.
Corruption, evilness, greediness and power go hand in hand. Only a clean heart and God fearing person may be courageous enough to confront the wicked people and organizations.
*evil. *greed
The idea that you must be a “God fearing person” to do good is totally mistaken! One need not believe in a supreme being to have ethics or a moral centre! Many “ so called believers “ have committed the worst kind of evil! This cannot be denied!
What happens in the dark will come to light 😅😅😅😅😅😅 can they give me some money😅😅😅😅😅
Help the poor and needy I beg you 😅😅😅😅😅😅😅😅 treat people how they like to be treated
@@mikelundrigan2285that is not right.People who don't believe in God do not believe they will be punished for their sins which means since they fear nothing they can do everything.People who believe in God would think twice before commiting a sin.Moral comes from God.The fact people can understand what is good or what is bad is a proof of it.Moral is not an agreement,it is absolute.
I worked for HSBC during the financial crisis and I can tell you first hand we always found ways to bypass the system!
HSBC is the money support to the UK politicians.
Laura Cha has got attitude + is aloof. She is like saying, "stop making a big deal out of money laundering. Look at other atrocities. We're all wrong, stop pointing the finger at me." kind of vibe.
It's like a chinese troll I come across the other day. Australians were getting annoyed at chinese plundering some of the things like sea cucumbers on the Great Barrier Reef. The troll said "that's only because the locals want to plunder it". The Great Barrier Reef is a WORLD heritage site and we want it LEFT as is. But ALL they can think of us plundering and stripping everything bare for quick money. That's the chinese mentality of wealth.
they want the anonymity and they respect people's privacy
THIS IS NOT ONLY SCARY BUT ALSO REALITY.
Fed governor Jeremy Powell sheepishly responding "I agree" @23:45 summarises the situation for the lawmakers. Everyone knows HSBC is guilty, but if you nail that one entity, the rest will get caught!
bro, why do you think they charged hsbc with 200 billion usd? you think thats not enough?
@@Aditya_Atodaria Yes, maybe 200 billion USD would have been enough. But unfortunately the fine was less than 1% of that. The fine was only 1.92 billion dollars. As pointed out in the documentary you watched, this was only about 1 month's profit to the bank. To the OP: Powell issued the biggest penalty he was allowed to under the law at the time. Based on his response that you highlighted, I could imagine he wishes he could have punished them a lot more.
Very good documentary, something serious has to be done about it
They , the British. Americans, europeans have to start with themselves. London is the melting pot of corruption.
Yes, THEY will give YOU cbdc.
Actually, do we really need global banks? We should rethink the role of banks in our society. Be subservient to needs of the real economy, those that produce the real goods; not the other way around!
once you have success, you are allured by the possibility to go big and as a result Multinational companies exist including global banks. If people stop pouring money into them they will stop growing but is that possible?
Bitcoin
U don't understand economics
@@niceichhorn9878you don't know how to spell
Yes, global companies want global banks that are stable. And those companies are offering products and services that employ many thousands of people
HSBC is my next bank.
It is my bank and have good service there. Very sad to see it go.
its not going anywhere@@marieblanchedumont5634
I noticed the goldman sachs building in this video. Did anyone else notice that?
I lost $10,000 to HSBC. I hate that bank.
How did you lose the money to HSBC ??? They close your accounts ??? Why ??? What reason, please.
Fake?
Probably got scammed and HSBC did nothing
Must see documentary!!!
Nearly all the looting taking place in my Country Nigeria pass through individual and corporate bank accounts. In other words, without the banks, it would be impossible for the fraud to be perpetrated. Unfortunately, looters are sometimes caught and their accounts frozen yet the banks get no sanctions. An irony indeed.
@OjembaChigbo-yy5kl
Where is the place or who to look for in order to identify the decision making authority in the bank who can authorise payments ?
but seemingly unable to issue a debit card on time. Staggering incompetence in HSBC Vietnam
Why would they be interested in ordinary consumers? We are just a front for the billions moving illegally through their systems.
HSBC Vietnam must be busy serving its Vietnamese communists on the top
If only I can be smart like these people,I wouldn't be sitting in the morning traffic everyday .
I hope you don't want to be smart at cheating or deceiving others.
Your children: What did you do when you were younger.
You: I was smart in getting rich at others' expense.
You outsmart others. You are not cheating others as those executives show us. It is legal, else they are in prison now.
Rush Hours is hard can be 😉🎶🙌🏼🦢🥂😂😂😂
@@budbaslegal? perhaps. moral? no
@@asdfx30lm true. That's exactly the point. People with morals don't be outsmarted.
Thank you. I enoyed hearing about this
Our banks are not better not a bit. Why don't we release the list of all celebrities and politicians that were involved in the panama papers? That should be the priority. Let the world know who these people are. ✌
Yes. Let me know. Send me the list.
Why only point finger at HSBC? This is only one sided of the western media to blacklist this bank.
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...
I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??
Having an advisor is essential for portfolio diversification. My advisor is Julie Anne Hoover who is easily searchable and has extensive knowledge of the financial markets...
@@jeffery_Automotive I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Known it for over a decade & wonder how the world can handle this?
The world need more freedom of information
This banking model has many players and look no further than the Brits, (City of London) with it's many off shore tax havens. When other countries join the party it is the Brits who investigate/complain but forget to shine a light on their own corrupt, secretive banking system. Who paid for this story and benefits from only exposing Hong Long? Are they the same people who benefit if there was less competition in this space.
The Taliban stopped opium & therefore heroin production from Afghanistan which laundered c$1.2 Trillion p.a. via the NYSE. After the US invaded opium production soared to record levels.
The Taliban were the main force responsible for the huge expansion of the opium and other illicit drug industry in Afghanistan. They used the banking of opium growing for one as a tactical and cynical play in order to bargain for international diplomatic recognition, whilst dealing with the problem of oversupply which had le ad to a slump in prices. All the major Taliban leaders were leading drug dealers who had vast warehouses of stores of processed opium. The one year ban simply increased the price of their stocks and thereby their revenue. Taliban were and remain a narco mafia.
Every big financial bank, no matter if it’s regional, national or international they all gonna have some sort of corruption no matter what!
Don't forget Crypto Currencies.
It does not start with the fact that HSBC is a British owned bank.
😂
It's not British owned. The company maybe registered in the UK but the shareholders probably live in Switzerland.
@@TwoFingeredMamma
I am looking for the names of those shareholders who I want to get in touch but I am not sure if I can find out and where to look ?
Rothschilds
What a travesty - singling out one bank when the entire industry is equally rotten .
23:07 This is an extraordinary exchange between the current chairman of the Fed and the Senator from Massachusetts. America in a nutshell.
It baffles me given the extent of power these institutions have upon the world of economics & ultimately all the dependent services which we in turn rely upon , why folk or even the media still get excited about general elections .It’s pretty depressing when it appears the only real effect folk can have upon their lives is neighbourhood politics but this in turn is ultimately controlled by financial decisions so we’re stuffed beyond banner waving or private armies which itself is depressing.
fake, I am HSBC customer but they didn't provide me any of these fancy services. All of this are just hearsay not actual proof.
@@yeetboi268 maybe they can’t afford to offer you too many fancy services because of the expense of building & operating architectural marvels in incredibly expensive districts - fiscally forcing the disappearance of the less glamorous but expensive to manage local metropolitan or suburban branch with a friendly adviser to temp you with their latest products . Or it’s just you aren’t fabulously wealthy so they aren’t interested in investing time on you . I could be wrong but this is the experience of customers of other high street banks in England at least. 😁👍
I have never voted. I am looking forward to a way in order to collect the Islamic tax from these institutions. I will be pleased to connect with likeminded people of faith.
Banks being stronger than governments and countries is the natural result of our capitalist system ....it is scary and great manifestation of the down Side of capitalism...marx was right and really ahead of his time criticizing capitalism
Yes. I don't like living through tge second coming of the end of history.
I am looking at it from a different perspective whereas I have a right as a Muslim Believer to ask for the Islamic tax from those capitalists .I will be delighted to start a new way and hopefully I'll meet the right people who can assist me.
I am looking at it from a different perspective whereas I have a right as a Muslim Believer to ask for the Islamic tax from those capitalists .I will be delighted to start a new way and hopefully I'll meet the right people who can assist me.
Law offices operate tax avoidance not evasion
Big difference
24:00 What about tax avoidance by GAFA et al in their overseas operations? If they paid fairly in the USA, or anywhere really, there wouldn't be the level of disparity of wealth or enormous government debt. It's fun for the USA to pick on a foreign bank, but they avoid looking at their own vast failures in so many areas of commerce and taxation.
you've got a great point there mate
I should remind myself that the tax on earnings is compulsory for the Islamic Religion.
For my faith I am also reminded that I should oblige those rich earners to pay the Islamic tax on their part.
Economic improvement changes your ability. The crooks , pirates change but it will not be possible to avoid .
8:50 the face of all kinds of terrible shenanigans
That’s why this off shore financial centre is money’s laundering central ie HK,Singapore etc
Govrnments should be FORCED to stop fining banjks for serious wrongdoing, and prosecute CEOs for jail time!
That is the ONLY way you will slow down - but not stop - the Banksters!
Too many politicians are corrupt and get payoffs from banks and big business!
Money makes people do strange things.
If you have a bank is good to have international bank so you can transfer money from to where you want that is freedoms.
Why only 99 years ? It used to be better under British ruling now it's dead and the economy also. Sad.
the Crown won the opium war and held Hong Kong for 100 years. So this thing about drug money being washed struck me as ironic.
0:07 Who is finance war lords, not the Chinese.
@@sherryang2072 the crown was represented by war lords.
In the smuggling of Opium into China, the Crown was the drug lord. Queen Victoria was the biggest drug lord ever, it was done on an industrial scale. Look for pictures of the Opium factories in India. When the Chinese Empress objected, and tried to shut it down, the British military was sent in, and she was run out of the Forbidden City in Bejing.
Most Caucasian, if not all, probably do not know that HSBC and Cathay Airlines in HK are actually British companies. Because HSBC is a British company that holds rich info of the riches worldwide, so it is likely preserved, protected and used by the American authority.
Hilarious how off-shore banking tax evading Lord Foster wrings his hands and says tut tut 😂😂😂
Sharing will save the world.
Who cares. Real estate in Australia, Canada and else have been a bigger money laundry and nothing is done about it
I've watch just over a minute of this doc, and all that comes to mind is relieving one's self up a rope. Shawsank Redemption as well.
Like always, the only people they go after are the ones that don't belong to the curd
31:00 We are a global bank, you are a single government, think about the relative power between us. Obviously private banks should not exist but we lack the leadership.
We need Donald Trump back as president! He will put a stop to HSBC with a single phone call!!
If HSBC didn't need to be bailed out by the UK Government, (and it didn't), why should it be forced to take money from it? Having a successful Rights Issue is not a crime. It is a listed bank, (in London, and in Hong Kong).
why shouldnt they exist now? that is a very fundamental thing you're saying there, its their right to open up private companies
@@Aditya_Atodaria Have you opened your own bank? If not, why not? It's literally money-for-nothing, so what's stopping you?
@@Aditya_Atodaria Private people should not have more power than representative governments, billionaires should not exist and all banks are owned by billionaires.
The fundamental thing is tax, progressive and balanced or flat so extremists can monopolise the population. Also just a word on innovation, the wealthy don't want change unless it profits them, most people like yourself think they are playing by the rules.
"It is the people who will again pay the bill"
Except that HSBC didn't need a bailout from the public purse, which is even mentioned about 30 mins in. 🙄
Who pays the cost of post crash inflation / recession? Pretty sure it’s not millionaire bankers, it’s the people
11:30 he said that with a straight face!
I love hsbc, am a premier customer in 6 countries
Interesting watch. Currently RBC is in the acquisition process of the Canadian HSBC. I'm really curious as to why. Any constructive thoughts and ideas?
posssibly because HSBC doesnt think theres much to benefit from that market
They're being pressured by a big Chinese investor Ping An to shut down global operations that are dragging down the Asia business to increase profits.
Thanks for the interesting program 🙏❤️
Its history can be traced back to the Opium Wars.... What do you expect? 😂
East India Company?
Would that be the 1800's I wonder ?
Swiss banks are not?
Serves you right
meanwhile, my bank in America flags a $200 withdrawal at an ATM half a mile from my house as SUSPICIOUS.
what a joke.
this documentary is 10 years old
But is it still true? Will time makes it less evil?
Can't be. Xi Jinping UK state visit was in 2015. This documentary is probably from 2016 or 2017
And my grandmother is 93 years old so what?
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I read sometime ago that art of Usury was once frowned on and by many people and communities have angerly suggested that such a practice should be Outlawed.
These days I don't hear much of the use of such a word. I think it means that too much money is being printed which for most people, that sort of practice seems to devalue the price of the work they have to do in order to house and feed themselves. Of course When the businesses find things are getting too costly to run they regrettably have to cut costs and be more efficient and lay off staff in order to meet their desired profit margins. With so much excessive debts that human society seems creates for itself in both the past and present, I wonder what people have to live for but even now at my old age and I still hope that things might somehow change . How about you?
This episode was formerly released in 2017
This has been known for too long and yet it still is running what it used to from the early days, that's how devil's do business.
HSBC=PART OWNER OF US FEDERAL RESERVE.
and here we are still electing the same politicians who sides on these anlawfull operations. Poor people suffers in silents as usual.
Psalms 72:11-14!😊
Very interesting 👌 👍 🤔 😊 🙂
I NEED THE HELP OF NO ONE TO (KEEP) HOLD WHAT IS MINE - supposedly said the pharaoh Ramses.
The ruling class is bearing themselves
The ruling class is ruling the world on organized crime Worldwide Their time is up! They're gonna wish they were never born!
14:00 The irony HSBC is being criticised for laundering money from drug cartels owned and operated by the CIA 😂😂😂
They've now brought the drug cartel money laundering operations back inhouse by getting Citi to buy Deutsche Bank's Mexico banking business.
the rabbit hole is dark and it stinks
I’m afraid it’s the real world …
It is the real world, and our finance, that owns our government, that wanted to globalize has facilitated all of it. When you look at the skylines of China’s great cities, you are looking at 50 years of United States citizen’s debt.🎯
Well, it appears that the west is not as isolated from China's economic woes as we thought. Suddenly the names, Evergrande and Country Garden now carry a much more ominous tone.
This explains the dark underbelly of banking world. Unfortunately all rules and KYC are only for the ordinary.
I’m sure the British are part of the HSBC😂😂😂
Amazing documentary
With the fed reserve leading the way
All is well
This case, and how it was handled by US, shows the level of corruption of financial world, including the US Treasury. When you are big enough to fall down and to be shut down, then you are unreachable, above the law. The corruption has spread everywhere, like a cancer. To this 'cancer', there is no cure. In spite of any (new) revalations, how big they are. 😭
I do believe you think it's a US bank!!!!!! You sound like a parrot!
Money = Rights. If you take all the cash and assets in the world and divide that amount by the number of people in the world you would have an amount $X. Nobody has a right to have more than this amount meaning $X is your right, not an entitlement, you still have to earn it.
The rich use the rights of the poor and our governments tax the rich to compensate the poor, this is monumentally unfair to the poor but the poor give their permission every time they vote.
good documentary
Well I have no problem with it. The bank is what it is and there's going to be no stopping it
What's interesting is that it's set up with the conduct of governments in mind from the start. The offshore banking system in the Caymans was set up by UK government after WW2 to facilitate grey area operations with the foreknowledge that this was bound to be misused by criminal interests. BCCI remember them? They were used not only by drug caryels, arms dealers but also had multiple CIA accounts and other nations security agency's. Their collapse was fairly shocking. Leheman Brothers collapse was catastrophic. HSBC collapse would be similarly seismic in addition to the likelihood that the UK and likely China and many other powers utilise the same dark processes themselves. Times haven't changed as much as one might think in international diplomacy since the banks inception. Which was as a tool for international espionage and drug dealing as it happens in this case
D is illeterate. But he knows that extrapolation is a Nice word 🙂
Very good.
Why can't we be the Switzerland or cayman islands of EAST AFRICA AND GET RICH? Life short no one will live fore ever.
Opiums or cocaine is there really a difference in the tactics? And the funny part is is the regulations will not change it is acceptable to be a criminal in the banking industry And as for Elizabeth, Warren, you asked great questions, and you have my deepest respect
56:32 the looming threat has become inevitable and the "Great Taking" (everything from everyone) is next up at bat when the everything bubble busts