@Mirza Ghalib
"The smaller institutions are dying out, gv. What was it, some 150 alone last year in US, or more and figures rising. But what about the central banks or the giant institutions like Goldmann"
Though not related to Banking per se but since you mentioned Goldman, here is a story you might be interested in:
Goldman Sachs Has First Quarter With No Trading Loss
(Someone elsewhere had rightly commented the only way that is possible is if Goldman was controlling the market)
You know the answer to that yourself, nota. No need for confirmation on my part. Goldman is involved in a lot of scandals on all levels, including Greece. We'll see where we're heading with all this. I wish gv, as an insider of that milieu, would also give us his views.
"5 nations left without a Rothschild controlled central bank: Iran; North Korea; Sudan; Cuba; Libya"
Is this really true?????
What about Myanmar-Burma?
@Mirza Ghalib
Hmmm...I think it is. Seaching the BIS site itself, I do see Myanmar listed among the "Reporting banks" (e.g. http://www.bis.org/publ/r_hy9707.pdf) (and Iran, North Korea, Sudan, Cuba, and Libya are NOT mentioned)
Just one more for the road:
Bank For International Settlements (BIS): How The Rothschilds Control And Dictate To The World :)
Oh, dear, they didn't get Myanmar, too, did they. Sigh! Well, cheering thought, they haven't got their clutches into Afghanistan yet. Or is that also a done thing? BIS is the bane of this world. I wish they'd go someplace and drown.
gv
Member
@mg
The honest truth is that i have no idea what the final outcome will be for the global financial system..
have given my two bits on all the various bits and pieces so you don't feel that i'm deliberately avoiding the question
Firstly as far as the investment bank/broker dealer issue is concerned, I think if the Volcker rule is implemented you will have a similar situation to the Glass Steagall era where deposit taking institutions were not allowed to take speculative risk. This should break large monopolies like GS etc and foster an enivornment in which small nimble investors will prosper.
As far as GS is concerned their position as the leading securities firm in the world has made them 1) very arrogant and 2) lots of enemies and placed them in a position where they can move the market by 'talking their book'
That combination alone is deadly They will probably go the way of Salomon Bros, DLJ & Drexel eventually...
I am a firm believer that if a market is regulated by intelligent and informed regulators it will perform in an efficient and benign manner. Our biggest problem has been a weak regulator of financial markets in the US & Europe. I think a strong regulator could also address the average consumer's complaints (of which most are justified) of the consumer banks
As far as the central banks and the multi laterals are concerned its a different story: to address the points you made earlier
1) ECB and Greece - I personally think the European monetary union was an ambitious mistake and the solution to Greece would be to localise it by expelling Greece or forcing them to restructure their debt instead of expecting the entire EU to bear that burden
2) The BIS is merely a global benchmark setter for central banks in terms of capital adequacy and reserves. (no disrespect to nota but im not sure what he's on about because none of his links have any substantive evidence proving some great jewish conspiracy here)
3)the IMF and World Bank are well intentioned mistakes.. the result of allowing bureaucrats to play with the tools of real life.
this post is already probably too long winded... but hope this answers some of your questions to me..
toamin
member
can any expert plz help me understand the relationship between state bank of pakistan and rothschild's family?
@Mirza Ghalib
"Well, cheering thought, they haven't got their clutches into Afghanistan yet. Or is that also a done thing?"
VERY WELL DONE thing! Do you think they went to war for nothing?? ;-)
@gv
"3)the IMF and World Bank are well intentioned mistakes.. the result of allowing bureaucrats to play with the tools of real life. "
Wow! Man, you really believe that, don't you? Cool Aid is definitely your cup of tea :) I am sure you also think WTO is the best thing that ever happened. You see everything.....
:-P
The Rothschild-Owned Central Banks of the World
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Cameroon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya
Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philippines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of Russia
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: The Dirty Nasty Stinky Fed, Federal Reserve Bank of New York
Uruguay: Central Bank of Uruguay
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe
Joint BIS-IMF-OECD-World Bank Statistics on United States’ External Debt (in Millions US$)
2008Q4 2009Q2 2009Q3 2009Q4
a. Loans and other credits
01_Cross-border loans from BIS reporting banks 3,707,538 3,388,795 3,530,286 ..
02_Cross-border loans from BIS banks to nonbanks 1,363,191 1,337,188 1,330,606 ..
03_Official bilateral loans, total .. .. .. ..
04_Official bilateral loans, aid loans .. .. .. ..
05_Official bilateral loans, other .. .. .. ..
06_Multilateral loans, total .. .. .. ..
07_Multilateral loans, IMF 0 0 0 0
08_Multilateral loans, other institutions .. .. .. ..
09_Official trade credits, total, all maturities .. .. .. ..
10_Official trade credits, nonbanks, all maturities .. .. .. ..
101_SDR allocation 7,547 7,605 55,953 55,364
b. Debt securities
11_International debt securities, all maturities 5,275,668 5,849,272 5,937,740 6,034,582
12_International debt securities, nonbanks 3,540,768 4,074,795 4,174,716 4,259,775
13_International debt securities, Brady bonds .. .. .. ..
c. Supplementary information:
14_Insured export credit exposures, Berne Union 99,113 100,938 102,692 104,039
15_Insured export credit exposures short term (BU) 61,873 58,664 60,227 56,901
16_Debt securities held by nonresidents 4,866,185 .. .. ..
161_Paris Club claims (ODA) .. .. .. ..
162_Paris Club claims (non ODA) .. .. .. ..
d. Loans and other credits (Debt due within a year)
17_Liabilities to BIS banks (cons.), short term 1,074,620 981,718 892,617 ..
18_Official bilateral loans, total, short term .. .. .. ..
19_Official bilateral loans, aid, short term .. .. .. ..
20_Official bilateral loans, other, short term .. .. .. ..
21_Multilateral loans, IMF, short term .. .. .. ..
22_Official trade credits, nonbanks, short term .. .. .. ..
e. Debt securities (Debt due within a year)
23_International debt securities, short term 856,968 850,176 888,271 871,759
24_Intnl debt securities, nonbanks, short term 481,950 491,997 529,169 514,819
f. Memorandum items –selected foreign assets/liabilities
25_International reserves (excluding gold) 66,607 70,448 123,255 119,719
251_SDR holdings 9,340 9,437 57,945 57,814
26_Portfolio investment assets 4,267,865 .. .. ..
27_Cross-border deposits with BIS rep. banks 3,752,843 3,846,483 3,973,186 ..
28_Cross-border dep. with BIS banks, nonbanks 1,802,268 1,628,098 1,716,537 ..
29_Liabilities to BIS banks, locational, total 5,289,063 4,917,133 5,078,389 ..
30_Liabilities to BIS banks, consolidated, total 2,761,479 2,680,326 2,590,003 ..
Please Share Our Content!
ABOUT THE AUTHOR: William Dean A. Garner is a New York Times bestselling ghostwriter and editor of many fiction and nonfiction books. A former biophysicist, US Army Airborne Ranger, and Corporate Mercenary, Garner did 211 overseas missions over a nine-year period, escorting clients out of hostile territories so they could have a voice of peace, freedom and liberty. He writes and speaks about the dangers of The First Sphere of Influence, a global cartel controlled by the family Rothschild.
http://thatsjustplumdumb.com/index.php/2010/03/bank-for-international-settlements-bis-how-the-rothschilds-control-and-dictate-to-the-world/
toamin
member
nota,
thanks, i read your cited reference but didn't find 165 reasons that the author suggested to read
how do we establish the link?
@Salam
Hope this helps (also has a bit about @gv's "well-intentioned mistakes"):
In a May 2002 article in The Asia Times titled “Global Economy: The BIS vs. National Banks,” economist Henry C K iLu wrote:
“BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. . . . The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequate and insolvent by the BIS.”
Central banks are illegally created PRIVATE banks that are owned by the Rothschild banking family. The BIS (pronounced BIZZ) is the Rothschild’s piggy bank, a veritable endless money pit, the equivalent of quadrillions of dollars, this illegal monolithic cartel as slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, once they have a strangle old on their unwitting victims, then the BIS, WB or IMF (Rothschild's Global Banking Empire) imposes their own people for Government position, i.e Barack Mau Mau Obama, control and/or creates the countries central banks and manages it's pocketbook, regardless of the daily vicissitudes of our individual personal rights and lives.
Source: So what's the Buzz on BIS
Some more hints here (And do read the first comment under it):
The Banks Own the Fed, and the Central Banks Own BIS
ali-pk
Member
@gv
Yes i know banks with whatever form/name have been around for centuries and goes back to Babylonian times. but the channeling of finance was never dependent on them.
I have already made my point, capital doesn't need banks rather they need economic activities. if you are talking specifically about an institutionalized form, that can be workd out by the brains of Ummah but whatever form it will take it will definitely be free from Riba'.
@Salam
"how do we establish the link? "
Well, I don't think you will find it spelled out in a Central Bank circular or BIS news-release. You have to look at the circumstantial evidence and make up your mind (you could go @gv's way or my way -- the choice is really yours). But talking about links, here's a few:
-- Even last night one on Capital Talk Sen Tariq Azeem (if I remember correctly) stated "We can not appoint our Ambassador to US without their approval before hand, nor can we appoint our Finance Minister. He always comes from WB/IMF and we have no choice in the matter." He should have also added the same is true of the Governor State bank of Pakistan because it is.
-- You know VAT is coming no matter if the whole parliament votes against it
-- You know high oil prices/electricity prices have nothing to do with import/production costs but everything to do with IMF dictates
-- You know the State bank is keeping interest rates high and margins high and making sure inflation stays high not because it is good policy but because it is taking dictation and serving private banks interests vs the people.
-- etc...
But you are free to take all this with a pinch of salt...
toamin
member
nota,
thanks, i understand that finance/foreign/domestic/all policies are monitored and dictated to Pakistan, it is a far too dangerous country to have an independent minded ruler
all key appoints such as army chief or prime minister or foreign minister etc are controlled via financial control ->WB/IMF
there is also another aspect of central/reserve bank, that is using dollar as security or trade commodity, only changing the currency in international trade is enough to bring down the whole capitalist house of cards-
anyway, thanks, i'll try to explore this link further to see if the 'ownership' aspect is there or it is only about 'control', regarding 'control' there are evidences but regarding 'ownership' this is something i need to establish.
sasherwani
Members
SMirza,
You are quoting leaders from 200 years ago to prove your point. I assume our banking systems (FDIC insurance, Annual reports, Compliance, Transparency) have changed somewhat in the last 200 years?
If not, you need to change your bank!
Sorry, I may not agree with you as is evident by participation of members who have taken it as a serious topic worthy to be discussed.
gv, thanks. I'm glad of your answers and, please to be sure, I wasn't putting you on trial in any way. I was genuinely interested in your viewpoint. And that your presented with great clarity and care. It isn't very comfortable at the moment being a banker, I don't doubt. I also like your use of the word benign in connection with properly regulated markets and I've nothing against "small, nimble investors". One might even feel some admiration for them. Another point of agreement: The EU was a mistake. God willing, it will go the way of all flesh. But then, you won't like this gv, the US was even a bigger mistake and God... Well, one can't always agree, can one? And gv, you do know, don't you?, that your old friend nota's points above are unassailable. But don't take all this personally. Thank you for replying so clearly. I don't know about the rest of it, a conscience you do have. God bless.
gv
Member
@nota
"You have to look at the circumstantial evidence and make up your mind" - and obviously require a very fertile imagination! i mean come on - even if i concede that circumstantial evidence exists that the IMF/World bank/Bis are some sort of western led conspiracy to control global finances how on earth do you link it all to the Rothschilds?
toamin
member
nota,
i've found some interesting link between state bank of pakistan and goldman sach
Syed Salim Raza ex-CEO Pakistan Business Council (PBC) took over as Governor, State Bank of Pakistan, on January 02, 2009.
What is PBC? ?
The Pakistan Business Council has been established in 2006 by fourteen of the country's leading Groups and companies, including Multinationals, that cover a diversity of business activity.
PBC partners are:
The International Finance Corporation (IFC)
The Center for International Private Enterprise (CIPE)
The Competitiveness Support Fund (CSF)
What is IFC (The International Finance Corporation)??
IFC is a member of the World Bank Group.
World Bank Group is not World Bank-
http://www.worldbankgroup.org/
What is World Bank Group??
A financial organization comprised of many more financial organizations-
International Bank for Reconstruction and Development (IBRD)
International Development Association (IDA)
International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)
International Centre for Settlement of Investment Disputes (ICSID)
US President appoints Chairman and current chairman is Robert Zoellick appointed by President Bush.
Robert Zoellick ex-Chairman of Goldman Sachs' Board of International Advisors.
I could not find more info on World Bank Group, but it appears to me that is all connected like a spider's web-
Thx
Wow, that was worthy of a Sherlock Holmes, a model of the financial investigative process. Hats off!
@gv
Thank you for the complement ("fertile imagination"). Don't worry @gv. It is all my imagination. Rothchilds probably don't even exist ;-)
@Salam
SBP site itself tells us IT WAS A PRIVATE INSTITUTION until 1974 when ZA Bhutto nationalized it (that DOES certainly pricks my fertile imagination: Did they do away with Bhutto fro that?):
State Bank of Pakistan is the Central Bank of the country. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1st January 1974 when the Bank was nationalised, the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today.
It adds:
Under financial sector reforms, the State Bank of Pakistan was granted autonomy in February 1994. On 21st January, 1997, this autonomy was further strengthened by issuing three Amendment Ordinances (which were approved by the Parliament in May, 1997) namely, State Bank of Pakistan Act, 1956, Banking Companies Ordinance, 1962 and Banks Nationalisation Act, 1974. The changes in the State Bank Act gave full and exclusive authority to the State Bank to regulate the banking sector, to conduct an independent monetary policy and to set limit on government borrowings from the State Bank of Pakistan.
So after 20 years, in 1994, it went back to being what it was and by 1997 it was even more 'autonomous' than before 1974. So does that make it private?
Speaking of The State Bank of Pakistan Act 1956, well it too is very interesting. It tells us plainly SBP is simply A CORPORATION with a Board of Directors like all corporations and shares. Here let me paste part of Chapter II of the act:
CHAPTER II
ESTABLISHMENT, INCORPORATION AND SHARE CAPITAL
OF THE BANKEstablishment and incorporation of the Bank
3. - (1) As soon as may be after the commencement of this Act steps shall be taken to establish, in accordance with the provisions of this Act, a bank to be called the State Bank of Pakistan or Bank Daulat-e-Pakistan, for the purposes of taking over, as from the first day of July, 1948, the management of the currency from the reserve Bank of India, and carrying on the business of Central Banking.
(2) The Bank shall be a body corporate by the name of the State Bank of Pakistan or Bank Daulat-e-Pakistan, having perpetual succession and a common seal, and shall by the said name sue and be sued.
Share Capital
4. - (1) The original share capital of the Bank shall be three crores of rupees divided into three hundred thousand fully paid-up shares of the nominal value of one hundred rupees each, out of which not less than fifty-one per cent shall be held by the Federal Government and the balance by the public.
(2) The share capital may be increased by a resolution of the Central Board subject to the approval of the Federal Government, but not less than fifty-one per cent of the additional share capital shall be issued to the Federal Government.
(3) The nominal value, issue price, the manner in which the new shares may be issued and allotted and their assignment to the registers of shareholders maintained under sub-section (1) of Section 7 shall, subject to the approval of the Federal Government, be determined by the Central Board.
Guarantee by Federal Government
5. - Notwithstanding anything contained in the Acts hereinafter mentioned in this Section, the shares of the Bank shall be deemed to be included among the securities enumerated in Section 20 of the Trusts Act, 1882 and to be approved securities for the purposes of the Insurance Act, 1938 and the Banking Companies Ordinance, 1962 (LVII of 1962).
Notice of Trust
6. - (1) No notice of any trust in respect of any share of the Bank shall be receivable by the Bank nor shall the Bank be bound by any such notice given, expressly or otherwise, nor shall the Bank be regarded as a trustee in respect of any such share.
(2) Without prejudice to the provisions of sub-section (1), the Bank may, without any liability to the Bank, record in its books such directions given by the holder of a share for the payment of dividend or transfer or any other matter relating to such share as the Bank may think fit.
Of course there is a lot of mumbo-jumbo and references to other acts that I don't have access to (nor the time) but this does make some things UNDISPUTABLE:
1 -- SBP is a Bank with the name of State bank of Pakistan that performs the functions of "a Central Bank"
2 -- That 49 Percent of the shares of SBP are owned by private institutions or individuals
3 -- It pays out dividends to those shareholders -- that is it is a profit making institution
Additionally, though Govt of Pakistan is supposed to be controlling 51% shares, the powers that be ALWAYS appointing the Governor, SBP tells you who controls how and in whose interests those votes are cast.
Here let me mention a bit about the SBP Board of Directors. SBP site tells me they are:
1. Syed Salim Raza Chairman
2. Mr. Salman Siddique Member
3. Mr. Kamran Y. Mirza Member
4. Mr. Zaffar A. Khan Member
5. Mr. Tariq Sayeed Saigol Member
6. Mirza Qamar Beg Member
7. Mr. Asad Umar Member
8. Mr. Waqar A. Malik Member
9. Mr. Aftab Mustafa Khan Corporate Secretary
Now I know only one name from this list: Salman Siddique. He is the former Chief Secretary Punjab under Pervaiz Elahi (and one of the biggest crooks around). Today he enjoys more than one Federal Secretary-ships including Finance (what a surprise!) And among the many hats he wears is also that of Director PIAC (and you wonder why PIA is loosing billions).
Also the Saigol fella certainly belongs to a filthy rich family that founded United Bank Limited and I am sure today too it owns a big chunk of its shares (besides that of SBP)
Rest of the names I am not familiar with so any one is welcome to add what they know about them or whom they represent.
Lastly I want to add one more bit about the latest Governor, SBP, Syed Salim Raza: Did you know that being a CitiBanker like Shaukat Aziz, he is the brother of the head of National Bank of Pakistan Syed Ali Raza (who has been given extension upon extension against every rule to continue as head of NBP? Is it because he has written off every rich person's loan that came his way??
But please do ignore as it is all but "circumstantial evidence" ;-)
@Salam
"What is IFC (The International Finance Corporation)??
IFC is a member of the World Bank Group."
Let me quickly add as this jumped on me: Guess who is the partner of IFC and jointly owns Silk Bank with them? Well, none other than -- drum roll please -- Mr Shaukat Tareen!!!!
IFC is the private investment arm of the World Bank (which some believe not to be a private institution ;-) ) and Shaukat Tarin formed a consortium, along with senior banker Sadeq Sayeed, and International Finance Corporation (IFC) that bought Saudi-Pak Bank (which gobbled up another bank or two and today is known as Silk Bank.)
BTW: Tarin too is the former country head of CitiBank :)
gv
Member
@MG et al
shock and horror - a former banker is appointed as head of the world bank group - what a conspiracy
you know what bothers me the most is that i don't care for the world bank group becasue i think their policies are mis directed and the overall structure has not done what it set out to achieve - but here i am defending it because of inane conspisracy theories...
Criticise the world bank etc for doing a bad job and i'm behind you all the way but why does everything have to be some dark insidious plot for you all the time why cant you just accept that well meaning people make mistakes and screw up from time to time...
toamin
member
nota,
thanks for making further links, interesting..interesting indeed!
gv,
dear, we (at least i am) trying to learn links between these organizations, these organizations certainly follow a 'tree structure' and as we see here interesting links, that is all
regarding policy/function that is another discussion for me, right now i am trying to understand links of various groups, oligarchy, organizations, peoples, etc etc
I wish if some guru here could build that organization tree described so far!!
gv, don't get mad at us, please. We do meet at certain points, don't you see? We all came to a parting of ways when a certain event took place sometime back in time. We were innocents right uptil then. Then, suddenly, light blinded us. That's what happened. The latest chapter in the unbelievable crusades and keeping the rest of the world in bondage. But no one, I think, is blaming it on you directly. You as much as we our victims of the same sorry set of circumstances.
@gv
"the IMF and World Bank are well intentioned mistakes.."
"World Bank is "mis directed"
Right. Just like the bite of a viper, the sting of a scorpion, the prescription for Michael Jackson ;-)
LiberalKarachi
Member
Yes, let's put all the money under the bed..it will be nice and safe there. And if you become a billionare and go on a shopping-spree, dont use a debit/credit card but put your money in a big bag with a $ sign on it, so that we can make our thieves a trillionaires. Very good.
zia m
Member
Lol...@liberalkaraci.
Yes,if you are a conspiracy theorist that is the way to go.
The arguments have hovered around banks and the banking industry. There are SEC and Federal Reserve that play role too. And, corporations such as Enron, Arthur Andersen that manipulated accounting books to add to the crisis. The real estate industry (Fannie Mae), the dotcom bubble (venture capital borrowing to build products for speculative customers) had their piece. The war on terror had it's toll to stop capital investment. So there are several facets to the question!
khanseena1
Member
Maybe the respectable members on this forum would like to indulge in Barter rather than currency. That is the only way to get rid of Banks.
Your turn now to get it all off yor chest. We've had our say and apparently managed to convince no one. gv would be glad to know he has a following of respectable, reasonable people behind him. Not just a disreputable band of "conspiracy theorists" opposing him.
Greek demonstrators say “Plutocracy should pay for the crisis”
Good for the Greeks! (Yes Greeks are ALL into CT ;-) )
Iceland: Int'l Arrest Warrant Against Top Bank Official
(Well @gv? Would probably say "Let 'em go -- their intentions were good but their actions misdirected")
Banks are just a simple looter ,who can loot us with our own consent.
khalidhumayun
Member
A tribute to Rothschilds Dynasty:
Rothschilds dynasty (of German Jews origin) rose from money changer to worlds biggest investors. It was so fortunate for Mayer Rothschilds to have his five sons that had business perception and were helping hands to their father from the word go. Their motto as envisaged on their coat of arms “Concordia, Integritas, Industria” (Harmony, Integrity, Industry). His five sons diversely spread throughout Europe everywhere boosting their business and wealth. They were initially in purchasing banking and business houses, but wisely in 20th Century they mostly restricted as financiers to banks, business houses and government sectors (including central banks). In World Wars Britain and France that were at the verge of bankruptcy, were provided funds on easy terms by Rothschilds. This outraged Hitler and Holocaust took place. At the end of the wars, quite uncharacteristically they, being at a dictating terms initiated the Holocaust effectees Jews to be settled in Palestine. Period. However, there were division among brothers, but consequently rehabilitation and creation of a Jew country, Israel, took place mainly on the funding of Rothschilds dynasty.
There is a big misconception about Rothschilds “nefarious designs” and that is what is being propagated in this forum. Let it be cleared that Rothschilds didn’t compel any institutions, banks and central banks and governments borrowings, instead, they contacted Rothschilds begging for funds on easy markup rates. Of course, from central banks they purchased government bonds, undertakings and securities which the central banks gladly sold. When the seller is happy and purchaser is happy what is the problem? At this point in time they have a major share in IMF, World Bank and USAID which provide debts to third world countries. In this way, sure, Rothschilds directly and indirectly have a say in international politics.
One more thing, central banks are not banks, they are regulating government bodies that control banks of their jurisdiction meaning thereby, loans, advances and overdrafts are not given to the applicants unless they are vetted by central banks. Additionally, hardpaper money of the commercial banks more than the prescribed limit is kept in the safe custody of Central banks vaults.
@khalidhumayun
What a piece of trash you posted:
One more thing, central banks are not banks, they are regulating government bodies that control banks of their jurisdiction meaning thereby, loans, advances and overdrafts are not given to the applicants unless they are vetted by central banks. Additionally, hardpaper money of the commercial banks more than the prescribed limit is kept in the safe custody of Central banks vaults.
If you had read the piece I posted from SBP site itself, you would have seen SBP declare itself a BANK ("As soon as may be after the commencement of this Act steps shall be taken to establish, in accordance with the provisions of this Act, a bank to be called the State Bank of Pakistan or Bank Daulat-e-Pakistan..."). Second, they are NOT regulating Government bodies but corporations (with shares and shareholders. The "applicants" for loans, etc. are not people like you and me but BANKS -- so in other words, central banks are banks for banks. Additionally, hardpaper money of the commercial banks IS NEVER kept in the safe custody of Central banks vaults.
So every sentence of what you posted is a BLATANT LIE!
:-P
toamin
member
what khalidhamayun wrote about State Bank is 'default' understanding of people, I was also under the same impression until I checked the records that suggest the reality otherwise-
You bring cotton bushel I bring wool of my black sheep. We exhange the goods over the bridge like the wise men of Gotham. 1400 hours sharp! wait I need to pull out my sand hourglass. I hope the Knights don't tax us, I'll call Robin Hood too to scare them off.
Some banking news:
Eight banks face US investigation
Gerald Celente: Banks Robbing the People
Geithner Briefs Super Power Elite, Friday Afternoon
Waddell is mystery trader in market plunge
What is good for Goldman Sachs is bad for the world
Members contributing towards a discussion do have a right of opinion, an opinion that is theirs but attributing false statements to others, or inventing unsubstantiated ‘facts’ that are irrelevant to the issue at hand is unbecoming at an intellectual forum.
To maintain a debate relevant to the thread topic, such comments and views have been removed.
Bankers' earnings surge towards pre-crash levels
Pay and bonuses totalled £20.5bn in four months to April, compared with £24bn at height of boom in 2007
Goldman Sachs Lloyd Blankfein Dropped $26 Million In CASH On New Apartment
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