Banksters: HSBC, the Untouchable Titan of Global Finance
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- เผยแพร่เมื่อ 20 พ.ย. 2023
- 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 - บันเทิง
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.
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. @@user-yp9fb1jb6m
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….
@@user-yp9fb1jb6mwell 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.
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
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.
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
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 .
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 .
“ 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.
The Banker at your local branch is highly scrutinized and regulated. Once you're in the upper echelons, there's less and less rules
This video illustrates the true meaning behind "Too Big to Fail"...or essentially, "Too big to jail." 😊
Too big to be prosecuted!!😂😂
@@user-xx3dy8zb7o 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.....😲...😉
@@user-xx3dy8zb7o- hillarous 😂
The problem is that jails for banker have not built yet😅😊
That gleeful happy face is inappropriate
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?
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
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 😂🎉❤
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.
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.
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 ?
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
Best documentary: please consider doing a feature on the five Canadian charter Banks, their equally complicit in climate destruction, human trafficking, money, laundering, etc.
@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
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.
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.
I noticed the goldman sachs building in this video. Did anyone else notice that?
This is just conspiracism. The doc tries to tie HSBC into the financial collapse of 2008 but the bank, along with Barclays, ING, Deutsche Bank, the Canadian banks and others, were too responsible to have invested in subprime mortgages. Their profits were USD9 billion that year, which is why they didn't want the UK government to bail them out. Yet the U.S. government chose to go after these foreign banks rather than their own failed banks.
@nickd4310
So the main business or the investment of bank is the mortgage and income of it from the interest payments.
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.
00:03 HSBC, a major player in global finance and money laundering
04:04 role in the Panama Papers scandal revealed its involvement in tax evasion and offshore money laundering.
10:29 HSBC, a bank with a dark history and global influence
13:49 accused of laundering billions for Mexican and Colombian cartels
19:04 escapes trial with political pressure and minimal fine
21:37 being too big to jail triggers public outrage
27:12 establishes itself as the first foreign bank in China, leveraging on its history and relationship with the Chinese government.
30:06 refuses government assistance and seeks capital from Hong Kong businessmen.
35:11 HSBC facilitated money laundering for 100,000 customers in Switzerland.
40:36 escapes legal action and bankers remain untouched
47:00 Bankers' disconnect with reality and their resistance to change
50:16 HSBC's pivotal role in promoting the Chinese Yuan as a global currency
Hsbc is the most sensible bank if they are dealing in cash because they are dealing with real time economist
Must see documentary!!!
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.
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.
Known it for over a decade & wonder how the world can handle this?
Why only point finger at HSBC? This is only one sided of the western media to blacklist this bank.
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.
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.
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.
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
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 ?
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.
The world need more freedom of information
Thank you. I enoyed hearing about this
Hilarious how off-shore banking tax evading Lord Foster wrings his hands and says tut tut 😂😂😂
"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. 🙄
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.
HSBC is the money support to the UK politicians.
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.
23:07 This is an extraordinary exchange between the current chairman of the Fed and the Senator from Massachusetts. America in a nutshell.
Law offices operate tax avoidance not evasion
Big difference
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.
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.
Money makes people do strange things.
That’s why this off shore financial centre is money’s laundering central ie HK,Singapore etc
8:50 the face of all kinds of terrible shenanigans
Let’s completely ignore Bank of England, JP Morgan Chase and deutsche bank lol
Also other Swiss banks.
@@haveaseatplease probably all Swiss banks lol
The BOE? That's a Central Bank.
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?
Economic improvement changes your ability. The crooks , pirates change but it will not be possible to avoid .
Like always, the only people they go after are the ones that don't belong to the curd
I miss counting out money into bags and paying it in at my local branch... and then using their wifi to pop onto ebay and order the stuff for the people who's money it was...
Hong Kong is the hub of political issues since the British left the administration for China , yet the USA has sponsoring all efforts to maintain hide what we are hearing now as safe heaven for financial exploitation of illegal laundering of funds
If you have a bank is good to have international bank so you can transfer money from to where you want that is freedoms.
Sharing will save the world.
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!
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.
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 ?
Who cares. Real estate in Australia, Canada and else have been a bigger money laundry and nothing is done about it
What a travesty - singling out one bank when the entire industry is equally rotten .
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.
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!
Stay critical, especially if you are not familiar with HSBC. It is worth noticing that there exists a stance in this documentary. Does HSBC make the world better? Do we really need it? Do the directors and those interviewees share interest in the issue? I feel the content is too one-sided. It is more than informative, it’s an opinion of a group of people. Btw, Hongkonger.
but, isnt everything? Nothing can actually be more than being "one sided" because once you think about it you will realize there are so many aspects to talk about still you have one aspect that you will stick to and you wanna make a point about.
Yeah, exactly right. The fact they call the first chapter "Bank of Pirates" tells you everything you need to know about the framing of this 'documentary'.
HSBC was one of the few banks that didn't need a government bailout yet they even try to frame that as sinister.
None of the information in this film is new so this feels a bit like some French indulging in a bit of 'perfidious albion', scapegoating the nasty British as villains. Whatevs
Unfortunately being the only financially straight country in the world would inadvertently make you the poorest.
I NEED THE HELP OF NO ONE TO (KEEP) HOLD WHAT IS MINE - supposedly said the pharaoh Ramses.
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.
Swiss banks are not?
This episode was formerly released in 2017
11:30 he said that with a straight face!
I’m sure the British are part of the HSBC😂😂😂
Very interesting 👌 👍 🤔 😊 🙂
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
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.
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?
Serves you right
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.
I love hsbc, am a premier customer in 6 countries
All is well
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.
Welcome to why banks hate bitcoin. They see it as a competitor 😂
Oh guess what, you still need banks to cash it out
Haha, good one. Bitcoin has no value or function beyond pure speculation, it's voodoo.
Unless you mean that bitcoin is a competitor in that it is constantly used to launder drug money, then yeah I could perhaps agree lol
@@saltymonke3682google is free. You don’t need a bank with a lot of crypto. Lol
Very good.
This explains the dark underbelly of banking world. Unfortunately all rules and KYC are only for the ordinary.
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!😊
When was this film made?
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.
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.
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!
HSBC=PART OWNER OF US FEDERAL RESERVE.
HSBC is not even easy to apply a bank card, very strict. But cash is King.
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.
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.
D is illeterate. But he knows that extrapolation is a Nice word 🙂
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
Well I have no problem with it. The bank is what it is and there's going to be no stopping it
One wonders how humanity ever came to be enslaved to the monetary system. Money is life and death when there is enough wealth for all
With the fed reserve leading the way
Sorry my brain cannot compute these two words together "MORAL BANKER"........…...