HOUSING BUBBLES, MORTGAGE FRAUDS, HIDDEN FINANCE, INSIDER TRADING, AND ...
Regulars here will have known that, since the first of the bearer bonds scandals broke - the Japanese Bearer Bond scandal - I have entertained the idea that they represented the exposed tips of a very large iceberg of a huge system of hidden finance, a system based on rehypothecated gold bullion, and other hard assets. Just to set the record straight, when the Japanese Bearer bond scandal broke, some immediately drew attention to the fact that the $134.5 billion in fradulent securities seized by the Italian Guadia di Finanze was exactly the same amount in the US "tarp" fund, and it was this insight that led me to entertain the idea of a huge system of hidden finance. But were there other footprints?
One set of footprints that comes to mind is the whole system of mortgage fraud that was uncovered when the housing bubble collapsed. But now the folks at Zero hedge are suggesting that it's the tip of a very large iceberg:
Money Laundering Exposed As A Key Component Of The Housing Bubble's "All Cash" Bid
Now let's look at something here:
"It appears that a year later this too hypothesis has been proven. Earlier today the Post reported that "U.S. authorities announced Tuesday that they are seeking forfeiture of pricey Manhattan real estate linked to a fraud they say was uncovered by a whistleblowing Russian lawyer before he died behind bars. A civil forfeiture complaint filed against the assets of a Cyprus-based real estate corporation and other holding companies alleges that some of the proceeds from the $230 million tax fraud in Russia were laundered through the purchase of four luxury condominiums located in a Wall Street doorman building and two commercial spaces in prime locations in midtown and Chelsea."(Emphasis in the original)
That this is the first of many such money laundering schemes to be exposed is obvious to anyone. With the recent witchhunt of Russian, and other billionaires, in Europe following the Cyprus debacle, it is only logical that the vast majority parked their cash in what until now, was the last safe use of illicit funds: US real estate, where the policy don't ask, don't tell is more alive now than ever, and has spawned countless HGTV (and CNBC) shows highlighting the resurgent New York City (and other high end cities') housing market.
As "Tyler Durden", the pseudonymous author of the article states, "Now take this single example and multiple by hundreds and thousands of times," and one has a viable mechanism for laundering all the vast funds of criminal money... and creating a housing bubble in the process. It's also a convenient way to launder money from the sale of discounted bearer bonds, but, of course, such sales can never happen because we're assured by government officials that all such bonds are fake, hoaxes, counterfeits, and so on, making one wonder just why anyone would bother to counterfeit them to begin with. Except, of course, one only counterfeits something genuine. One does not counterfeit a seven-dollar bill.
That laundered money can then be recouped by the resale of the real estate, and then in turn invested in legitimate enterprises...
... and all of it, folks, can be tracked via your local electronic eavesdropping agency, which makes one wonder: just exactly who knew about the impending implosion of the housing market, and the rippling effects on the derivatives markets, and when did they know it? And did anyone profit from that advance knowledge? And if so, who? ... and with all the billions lavished on this eavesdropping, why did 9/11 happen? Or, who knew about it? and when? and then, why did it happen?
See you on the flip side.
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As things change, the world must put this sad legacy of militarism and “banker socialism” (unlimited aid to the rich) behind it and, perhaps take a little step forward…
These schemers have doing this for millennia’s. Stealing and murdering is all they live for they wouldn’t know how to do a honest day work if they’re lives depended on it larceny all they know.
Jedi it’s kill several birds with one stone making a killing in the development racket destroy the cockroach’s they conquered past and steal their knowledge for their masters use and entitlement. They have been doing these schemes around the world for thousands of years they’re god damn parasites stealing and murdering is their reason for living.
Marcos, they want to be loved, as the ancient gods were. at least that was there reasoning for the root problem……kind of sad and pathetic really…..I think of them as the shoe shine boys.
Doctor Farrell…..be prepared to vomit
sorry for ruining everyones day.
as for those bearers bonds being forgeries because of mispelling or other irregularies, this was afterall one method used by the temple knights, and the flaws and encoding were only known by a few of the high ranking members of the “company”.
Thats a argument based on faulty reasoning.
As for New York being a safe haven for criminal king pins….., I heard they pulled off a massive insurance fraud a while back and claimed double indemnity, trillions of dollars were talking here, even trickled down into the military industrial complex. ….just a rumor mind you.
keep in mind though those “secret” swiss bank account holders of sizable fortunes were targets of professional hitman …in a more civilized day and age the elite thieves operated in such a way.
Its too bad that people couldn’t have freedom, be responsible , and cap there assets at there immediate needs.
When those offshore accounts get so large, they reach a “cap” status.
Puts a new meaning to ETMs, “economic hit men”.
The contract has a hidden(very finely printed) santa clause in it, which would immeduately transfer the “aquired” funds, to the Deadly Santa Acount – once it becomes a bona fide “doubled capped” assurity.
you ve obviously put some time and research into the truth behind the meaning of economics.
I heard some tall twins were involved.
Just a rumor mind you.
1 adam 12….
just the facts Rob, just the facts
This is really like math and it does add up; if you have the needed variables, algorithms, encription keys, the NSA “access” to the vast “offshore tax havens” secrets, ect., ect. With all of these you can engineer macro & micro crises upon which you can place bets – up & down the river. As you control the variables; you control the outcomes. You have the virtual thumbs, to plug the virtual dams/or unplug them. All, evetually adding to a bottom line = privatized worldwide electronic currency of which you control. Oh, and everyone is to become “chipped” into an electronic control grid.
And this is just the tip of the iceberg that’s somewhat visible.
Now add a generous portions of potions like: HAARP, GMOs, Chem-Trails, Transhumanism, Posthumans, More BP Oil Spills, More Fukushimas, More Genocides, like that going on now in the Congo, that steps to the front of what is horror, beside the repeatedly televised “holocaust” of WW11.(Both of which have not been “fully” investigated).
do you ever get a feeling that the system might of been founded on corruption, and it is just the corruption that is spreading, when you become aware of it, it is as if a mirror of reflections was being smashed in front of your face…..everything that you thought was real is just an illusion or a reflection of the truth, and thus, a lie,…perhaps a definition that has a truer meaning of the matrix …. it is all based on 1s and 0s, and for what? Vanity?
It is indeed corrupt; to the apple’s core.
It is designed/engineered that way.
To fix it, one must pull its very roots out.
But before that ever happens, the inherent corruption of power inevitably takes control.
The irony is, that those that can resist it, become its masters. Or at least, by a measure of half.
Here are a two measures, on the other side of that said resistance: Max & George
speaking of apple, ever checked out the company logo converted into a alien grey?
Of course some knew in advance that the derivatives market was gamed, and based on nothing. And it’s that market’s falling apart that drove the collapse of housing–not the reverse as asserted above.
Not news that Russian billionaires mostly made their monies through crime, and that some of that cash is laundered through expensive real estate in say New York or London.
Now it is news that one can just fly a private jet into say Miami with 50 million on cash and then expect to be able to spend that cash quickly in the us. And here’s where ZeroHedge’s “logic” goes away.