ANOTHER BANKER SUICIDE…THE HIGH OCTANE SPECULATION CONTINUES
I am always reluctant to comment on the spate of banker suicides that we have witnessed; there are families suffering, loved ones experiencing shock, and grief, and, in the midst of that chasm of sorrow, most likely a raft of questions that begin to occur. It is with those that I am concerned once again in this blog, but mindful - as we all should be - that people are grieving. Our hearts and prayers go out to them.
With this in mind, there has been, sadly, another banker "suicide:"
Trader kills self in finance world’s latest suicide
There has, of course, been abundant high octane speculation on what might be motivating all these "suicides" beyond any personal problems the victims may have been suffering, and I have indulged in such speculations. One persistent meme in these speculations has been that the traders are aware of impending worldwide collapse of the western financial system, and, overcome with depression, are killing themselves. I have not entertained such speculations - nor indulged in the "collapse" scenario generally, a fact which has put me in a distinct minority - for a variety of reasons, which may be rather briefly summarized.
Reserve currency status, as I have noted elsewhere on this site, has usually accrued to that nation or empire which maintained naval superiority and supremacy: Venice, Portugal, Spain, France, the British Empire of course, and now, the Amerikan Empire. But as the technology of commerce and clearing has changed, we do well to recall a significant fact: most international clearing is now handled electronically and virtually instantaneously, and, for that matter, the same holds true for commodities trading, securities trading, and deposit banking. Thus, space, and not traditional navies, has become the measure of reserve currency status, and American power and military presence in space is, for the moment, supreme. This isn't to say the Western financial system isn't in a mess; it is. But is is not, in my opinion, near the sort of dire apocalyptic predictions that so many are entertaining.
Which leads me to a rather different high octane speculation about the possible reasons behind this curious spate of suicides. Let us recall the gruesome catalog reviewed by the New York Post, and make some additions to it:
■ "Autumn Radtke, the CEO of First Meta, a cyber-currency exchange firm, was found dead on Feb. 28 outside her Singapore apartment. The 28-year-old American, who worked for Apple and other Silicon Valley tech firms prior to founding First Meta, jumped from a 25-story building, authorities said.
■ " On Feb. 18, a 33-year-old JPMorgan finance pro leaped to his death from the roof of the company’s 30-story Hong Kong office tower, authorities said. Li Junjie’s suicide marked the third mysterious death of a JPMorgan banker. So far, there is no known link between any of the deaths.
■ " Gabriel Magee, 39, a vice president with JPMorgan’s corporate and investment bank technology arm in the UK, jumped to his death from the roof of the bank’s 33-story Canary Wharf tower in London on Jan. 28.
■ " On Feb. 3, Ryan Henry Crane, 37, a JPM executive director who worked in New York, was found dead inside his Stamford, Conn., home. A cause of death in Crane’s case has yet to be determined as authorities await a toxicology report, a spokesperson for the Stamford Police Department said.
■" On Jan. 31, Mike Dueker, chief economist at Russell Investments and a former Federal Reserve bank economist, was found dead at the side of a road that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.
■ "On Jan. 26, William Broeksmit, 58, a former senior risk manager at Deutsche Bank, was found hanged in a house in South Kensington, according to London police." (See also A Closer Look at Young Worker Deaths at JP Morgan Chase)
But in addition to these, we may add the curious incident of the "suicide" of Richard Talley, who, as I noted on this website in a prior blog, was in the mortgage title clearing business. The heavy presence of computer experts in this sad catalog also is reason for concern, as are the regional and corporate connections, from Germany's Deutschebank to Singapore and Hong Kong, financial powerhouses of the Orient.
While it is high octane speculation, I suggest that the connections to Deutschebank, JP Morgan, the Orient, and mortgage titles, cast a dim outline of what the hidden motivations for all these suicides might be, for if one looks at it carefully, we have the major players in FOREX(Foreign exchange) rigging, two of the major players - JP Morgan and Deutschebank - in the London Gold Price fixing, LIBOR, and so on, the same two major players also being implicated in the calls for German gold repatriation, and finally, with Mr. Talley, someone in a position to possibly know of the extent of mortgage fraud in the financial system, which in turn endangers the vast derivatives scheme that led to the financial crisis in the first place, derivatives in the quadrillions of dollars, and hence exceeding the entire planetary GDP.
I submit - crawling way out to the end of the twig of speculation here - that the oft-overlooked fact in recent years, as we've all been watching an increasingly bewildering financial picture, are precisely those quadrillions of dollars of derivatives, that vastly exceed the GDP of the planet. There has been both in mainstream and in alternative media but one approach to explaining the creation of this enormous derivatives bubble: insanity and runaway greed. Few have entertained the possible role that the creation of such huge amounts of derivatives may have played in the black budget, and as a mechanism of finance for something requiring not only vast sums of money, but, for those who might be monitoring Earth's productive and financial capacity, to create the perception that the planet's resources were truly being tapped financially, for hidden purposes.
Each of these bankers, and Mr. Talley, may have been in the position to realize that the financial system was no longer being run out of Wall Street nor even the banks themselves, but out of Fort Meade, Area 51, Edwards Air Force base, and similar installations from Europe to Pine Gap. This may be the real story, and only time will tell...
See you on the flip side...
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Dr. Farrell: Just wanted to mention this as it is just too juicy to pass up. Not directly related to the Banker Suicides, but IS related to JP Morgan’s gold vault and commodities desk. And best of all, the name of the company that purchased that division is — drum roll please — MERCURIA ….
Mercuria is based out of GENEVA [think Knights Templar, Jesuits, Vatican, or name-your-favorite-cabal]. News posted today is that they have bought JPM’s commodities business … ZeroHedge reports:
“Finally, with “trading” of physical commodities, which of course include gold and silver, set to be handed over from midtown Manhattan to sleep[y] [sic] Geneva, what, if any, is the endgame?
The talks with JPMorgan forced Mercuria to put another deal on hold. Mercuria was nearing the sale of an equity stake of 10 percent to 20 percent to Chinese sovereign wealth fund State Development & Investment Co., according to two people familiar with the matter. The discussions with SDIC were halted once Mercuria neared the JPMorgan business, one of the people said.
But they will be promptly resumed once JPM’s physical commodities unit has been sold, giving China a foothold into this most important of spaces. Because recall what other link there is between China and JPM?
China’s Largest Conglomerate Buys Building Housing JPMorgan’s Gold Vault
One may almost see the connection here.”
Curiouser and curiouser
The Morgue purchased the Henry Bath warehouses a few years ago. Vaulting business is good business. Lotsa ledger entries and “charges” racking up when the metal changes ownership. That and the fact that the Chinese SWF’s were thought to be using the ‘preferred’ status of basket holders in the GLD etf to remove physical from the London warehouses. The ETF’s were born for a couple of reasons. When the prices are artificially suppressed….what are you going to do to cloak the demand that results?
These suicides will continue and the police (justice department) will not fully investigate because they gave these businesses a trillion dollars of your tax money,do you think they want you to know the type of people their supporting with your money? Here in holland goldman sachs and IBM had offices in delft with more than 3500 employee’s listed as employed (on one floor). They found about 20 peo[ple to be working there with several super computers simulating financial activity all over the world,stock and bond trading,business mergers etc. Obama’s justice dept. dropped the investigation,which seemed strange at the time because no one knew where all the money they ripped off in the morgage fraud bond and securities sale went to and the companies pointed to their losses in Europe with high risk investments made overseas. Yes , investments in ponzi scheme front businesses they set up themselves then simulated trading traffic between the companies for 9 months(or less ) to show losses on fictitious companies,they were busted with the discovery in delft but stopped when confronted with the exposure of the swindle. Then you paid these companies back the money they never really lost, a trillion dollars worth. Whats it take to piss you people off?
Thanks for the story. Frankly this is the first time that I’ve heard the story told this way with simulated trading. This confirms what I suspected that Bernie Madoff was but the tip of the tip of the iceberg.
What was the reaction of the population to this or did it never hit mainstream news? Any chance of this becoming an expose on a program like Tegenlicht?
And the beat goes on:
If I were working at JPM, under 50, in IT, now’s a good time for a vacation before it becomes permanent. Can we finally shut up the “it’s within the statistical norms” people?
Other strange (tangentially related?) news was the suicide of L’Wren Scott, girlfriend of one Mick Jagger. You’ll love the method: suicide by hanging, by a scarf on a doorknob. Think about the logistics of this– you’re not going to die quickly as your neck won’t break in jumping off a chair (doorknob to floor is 3 ft). What’s the tensile strength of a scarf? Wouldn’t someone like her be able to have an assistant score her some sleeping pills and she does it that way? Anyway, too many outpoints to just swallow.
As per the Ministry of Truth storyline….
All “Sheep” will be made to believe in coinky-dinks
not just any door knob, but a french patio door knob.
interestingly while I am on a word kick this morning ptaio means (in Gaelic, or NT Greek whichever you prefer).. to
fall, offend, stumble. Also I wonder if it is another coincidence that JFKs boat was PT109. Is this the script that “they” are following, knowing full well Mister Lord Sir Jagger, being a graduate with the fab 4 (fabians) LBS and his satanic music….just a hunch.
Notice the link to the JPM INVESTMENT OFFICE … and the fact that this is yet another SON of somebody in that organization:
“Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations.”
Ok, this is what Jim Willie keeps talking about: all Banker Suicides road lead to the London Whale cover-up.
Remember the department that was run by Ina Drew who hasitly faded into the background:
“The unit was run by Chief Investment Officer Ina Drew, who has since stepped down. A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank’s “hedging” strategy. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced, with the actual loss expected to be substantially larger. These events gave rise to a number of investigations to examine the firm’s risk management systems and internal controls.”
I think what were seeing is the planned outcome of centralization. Replacement of a small tight knit group of personnel selected for there negative qualities of greed, materialism and other nasty qualities by a people that developed the concept in the first place as a counter measure with this intended end game…aka a revealing of the curtain.
This “revelation” by the Bank of England comes in these interesting times:
While I agree that the rash of banker suicides are suspicious, in this case I think we have witnessed another man driven over the edge by a sadistically female chauvinistic divorce court and possibly a cruel and vengeful ex-wife. All too common in the United States today. Pitting men against women could very well be the greatest act of destruction the ugly ones have leveled on our society. The divide and conquer strategy in its most insidious manifestation. Thus, suicidal and homicidal thoughts among divorced men are not that uncommon and every once and a while a mentally unhinged man acts on it.
“The divorced father of three had rented a house around the corner from his ex-wife, Michelle Reilly, in East Norwich, NY.”
Jus a hunch, of course. The suburbs abound with these beleaguered and desperate divorce court slaves.
more distractions as increased centralization takes place….these millionaire kids are convenient scape goats, that got in way over there heads..if its too goo to be true….or they get a new identity and slip in through…the back door…..focus on either of those scenarios…and you miss the illusion
The magic is “never” happening where you are told too look….never never land, where “they” all live happily ever after.
Plus a few days ago Jon “Where’d our $1.5 billion go?” Corzine’s son died, age 31. Was it a msg to Corzine to not reveal certain things?
This latest Jim Willie interview from March 13th makes a couple of interesting points:
1). The Banker Suicides are connected to the ongoing cover-up of the true nature of the infamous “London Whale,” Bruno Iskil, derivative losses at JPMorgan. Jim believes the losses total more than $100 Billion, not the $9 Billion we were all led to believe.
2. On Ukraine: Putin’s next chess move will be to require that all purchases of gas from Gazprom be made in either Gold or Rubles. China will next chime in and demand that, as the world’s largest importer of crude oil, they will make all oil purchases in Yuan. Thus the Petro Dollar will be squeezed out of existence at both ends as everybody else scrambles to dump their Treasurys along with China. (and that item about gold & Gazprom comes from his gold broker source who, he believes, is one of 20 or 30 brokers hired by China to slowly drain London bullion vaults of their gold during the last two years.)
Happy Ides Of March. Free MP3 file here:
Never a dull moment…if the Treasuries go bonk big time, who really gets hurt the most? Certainly not Russia, though I’d imagine creative exchange of Treasuries for goods and services rather than selling them in one big plunge. I wouldn’t touch Treasuries on a bet in any event. I suppose the US could simply say “we won’t redeem them” due to St Agatha’s day holiday or some such reason. What happens when we can no longer issue interest bearing debt ad nauseum? No imports I suppose, which would lead to store inventories depleting, etc. Energy consumption would have to fall as well.
If America is no longer the favored choice of the oligarchy, then who ascends in our place?
Bank’s don’t have hit squads or hit men, but three letter agencies DO. You just have to wonder what the relative police officers investigating these deaths think of all of this. Today police departments are assisted with all kinds of modern technics to find out who did it, so was the butler on holidays or what.
Looks like the latest bank executive suicide decided to go out like in the pilot episode of Orphan Black. Which leaves us with the question who or what persuaded him to do this. What threats to his family maybe. Could this be tided to the rumors of Ukraine gold being stolen by the way Venice is voting to secede from Italy. I wonder who hopes to profit from Italy break up is this back to the dark ages and who’s next European state to be broken up. With the UK also on the chopping block with Scotland voting to secede as well. CNN is overdosing on Flight 370 it’s a highjacking and they’re trying to make the pilots the fall guys.
“…to create the perception that the planet’s resources were truly being tapped financially, for hidden purposes”
Hmm, crawling a bit further: assuming this is all about a possible alien threat and that we have the technology to fight such a threat, but are unable to mass produce it due to costs, then psyop aim would be to keep ET in doubt about our true production capacity. We want to give the perception towards ET that humans, through ruthless “Totalkrieg” policy might have been able to leap from single demonstrators to mass production basically in no time.
In the last two minutes of “Executive Action” was a snippet from a UK paper. Where they had calculated the chances of 18 material witness fatalities from sudden violent deaths were 100 Trillion: 1 (unrelated).. We’re in that range now. The carnage continues aided and abetted by he MSM.. If I was in the TBTF / TBTJ bank IT departments, I’d be resigning straight away.. Just not a healthy work environment. Any place that would have one so depressed as to off themselves via a nail gun, lawn mower, and or garbage disposal, is just way to grim. Monty Python couldn’t have written something this bizarre.
Agreed Aridzonan_13 truth is stranger than fiction.
“We’re in that range now”
I disagree: the JFK material witnesses were a “random sample” of the population. That’s what makes all of their deaths within three years statistically impossible.
The banker suicides are most definitely NOT a “random” sample: they are all bankers, and they are all committing suicide. I do not deny that something funny is going on with the banker suicides. All I am saying is that statistically they are no where near the same (statistically) as the JFK witnesses.
They were killed because they represented a “clear & present danger”. It does appear that danger was of a shadow government nature represented the virtual economy that is a clear & present danger to the “real economy”. The derivatives are the tools of the dark side of this equation, in the dark corners, away from “public light”. Whatever “these shadows” are playing at; it looks to be at cross purposes for the good of the whole, for the benefit of the few. Indeed, a literal life & death of “our” living world as we know it.
I find the WSJ reporter, telling his wife he’s going on a short walk, then disappearing to be a possible piece in the puzzle. Short walk….due to the recent liver transplant I’m guessing.
I go for walks all the time. If some accident happens to me on a short walk….I’m sure somebody will soon find me.
I wouldn’t want to be the one “selected”
to walk the cat back on that one.
In Ukraine the “Western” banksters are, for the moment, the “boots on the ground”, occupying new Lebensraum to peddle their debt. As for this offensive against Russia, so highly imprudent by traditional canons of international politics, a clue might be in the timing. It looks like somebody is in a big hurry, either because they feel threatened, because they perceive some special window of opportunity, or for both these reasons… probably linked to the war for cyberspace and outer space.
And all the “space powers”, current and aspiring, are well aware of this.