MEANWHILE, IN SPAIN, THEY’RE ARRESTING BANKSTERS
Typically, according to "Great Power" theory, Spain lost its status as a Great Power in the Napoleonic era, and hence, it gets ignored... too much, in my opinion. The reason? Spain may have fallen on hard times from the end of the Napoleonic era up through the Spanish Civil War and the victory of Franco, but under Franco it regained much of its lost economic clout and, despite grievous setbacks in recent years, in 2016 was the 10th largest world economy by Gross Domestic Product, and the fifth largest in the European Union, behind Germany, the U.K., France, and Italy, and just slightly ahead of the Netherlands. But Spain, in a manner rather similar to Great Britain, does have an enormous soft-power card, due to the enormous influence it has had historically on the development of western culture. From the Philippines to Central and South America, Spanish culture became the dominant influence. During World War Two Franco carefully maneuvered, in spite of enormous pressure to join the Axis, to keep Spain neutral, playing the soft power card quite effectively in this effort, reminding the Axis powers that any invasion of Spain would be met with stiff resistance, and sever any useful ties the Axis had, via Spain, with the rest of the Latin world and most importantly, with their considerable investments in South America. In return, Franco bought Spain's neutrality by sending a "volunteer" infantry division, the "Blue" division, to fight with the Axis in the Soviet Union, where it distinguished itself in combat operations in and around Leningrad.
So when a major economy of the West decides to start arresting banksters, I sit up and take notice (thanks to Mr. B.H. for sharing this article):
Spain Follows Iceland As Mass Arrests Of Top Bankers Begin
Note how this article by Jacky Murphy begins:
Spain's Supreme court last year ruled that there was “serious inaccuracies” about listing led investors to back Bankia in error, as a result the bank has paid out millions of Euros in compensation.
“The court is questioning why they allowed Bankia to sell shares in an initial public offering in 2011, less than a year before Bankia’s portfolio of bad mortgage loans forced the government to seize control of it. It said there was evidence the regulators had ‘full and thorough knowledge’ of Bankia’s plight. After its nationalisation, it went on to report a €19.2bn ($24.7bn) loss for 2012, the largest in Spanish corporate history.” (Emphasis added)
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nobody expects the Spanish inquisition
Henry Charles Lea, A History of the Inquisition of Spain 1909
https://archive.org/details/ahistoryinquisi09leagoog
one must read between the lines (if one can) to determine what a ‘heretic’ was and indeed who and what the inquisitors were working for.
Maurice Pinay in the Plot Against the Church 1962 was under no illusions.
https://archive.org/details/PinayMauriceThePlotAgainstTheChurch
Score so far Iceland: 4 (as at 2013 below)
Spain: 0
https://www.rt.com/op-edge/iceland-bank-sentence-model-246/
My comment on electronic car-jacking in relation to Putin’s favorite chauffeur’s ‘accident’ is out of moderation:
https://gizadeathstar.com/2017/02/news-views-nefarium-feb-23-2017/#comment-71023
I am curious how this will all work out, due to universal ‘derivatives’ exposure. While different banks have different levels of risk due to their personal holdings, a derivative-based ‘panic’ can crash any vulnerable bank. This leads to financial knock-on effects to the next-most vulnerable bank, and so on. Soon, you have a financial tsunami which could take-down even so-called healthy banks.
Financial types finally – through Collateralized Debt Obligations (a primary cause of the 2008 financial crisis) – created a monster that percolated throughout the world. CDOs are the financial version of infinite regressions – you can take a CDO on a CDO on a CDO, ad nauseum. This creates a universal ‘contagion’ in the system, as no one really knows what they are ultimately ‘hooked-up’ to, after CDOs spread like a virus.
There are no effective ‘firewalls’ to stop the implosion, once the CDO run starts. Spanish investigators are probably starting to notice this fact. It will be interesting to see whether they ‘man up’ and go forward anyway, or recoil in horror and find a way to kick the can down the road for a time…
I suspect that there is a sophistication herein that remains hidden. That there are many hidden levels of deception below the surface that are within this apparent derivatives iceberg; getting ready to smash/sink more nation states[Greece]. Is it in the software? Are there hidden books[one with a public TV side; another that is layered within that hidden system of finance?
As Groucho would say/
Whatever it is, I’m against it.
RB, you might be interested in the writings of John Lanchester. He has written several articles since 2009 for the ‘London Review of Books’ that are related to the derivative bust, and the financial landscape in general. Very knowledgeable, and with the right degree of sarcasm. You can pick-out the relevant articles by their titles.
https://www.lrb.co.uk/contributors/john-lanchester
Thanks for the link Goshawks. I’m an avid reader.
My preference on the causes of the 2008 crash are both purposed origins; both similar in landing the walking cat back, right on his feet at the base of BIS:
Book/Crisis By Design – The Untold Story of the Global Financial Coup by John Truman Wolfe[August 1, 2012] and Ellen Brown’s Article/
http://webofdebt.com/articles/basel3_fail.php
Ellen Brown, in another more precise date, states that the first initial domino pushed occurred on Sept 11, 2008; hence, it was purposed w/ Magick overtones.
RB, thanks for the links. I have read “Web of Debt”; it was good. That was where it really sank-in how GOOD universal debt was for the PTB. My only problem with EB is that she seems not to notice the ‘purposefulness’ of the players involved. It’s like she is trying to fix a crooked game without knowing it’s crooked. (This may just be a cover; she’s a smart cookie…)
I’ll check out the John Truman Wolfe book. Yeah, it was obviously a ‘crisis by design’. Interesting about the “Magick overtones.”
Moderated. Let’s try it slightly different:
RB, you might be interested in the writings of John Lanchester. He has written several articles since 2009 for the ‘London Review of Books’ that are related to the derivative bust, and the financial landscape in general. Very knowledgeable, and with the right degree of sarcasm. You can pick-out the relevant articles by their titles.
lrb DOT co DOT uk/contributors/john-lanchester
Moderated twice. You’ll have to search for him…
RB, you might be interested in the writings of John Lanchester. He has written several articles since 2009 for the ‘London Review of Books’ that are related to the derivative bust, and the financial landscape in general. Very knowledgeable, and with the right degree of sarcasm. You can pick-out the relevant articles by their titles.
Modded three times in a row. A new personal best!
A record, Goshawks, that nobody wants to beat[although I’ve come close].
The sooner this monster EU comes crashing down the better. This has to be the worst idea of the decade and we all know where to point the finger of guilt. Banks are just part of it all and the people who will pay the price are “the little one’s”.
And you using a source that claims the Sandy Hook Elementary school shootings didn’t occur doesn’t inspire confidence.
Did you get lost in the Sandy Hook school?
http://jamesfetzer.blogspot.com/2016/11/nobody-died-at-sandy-hook-it-was-fema.html
Expect an exponential growth in suicided banksters to plug all the legal holes; literally.
At least among certain European states there is a sense of who they are and community . Unlike the USA and it’s hyper individuality everyone for themselves or pseudo community call Americanism. The Spanish courts investigations into their banking crisis will uncover a whole lot of snakes under the rocks lets hope they will make the USA grow a backbone and bring to justice our banksters that is long over due.
Too many asylum members stove-piping any potential process.
In watching several foreign films from Spain; they’re culture is community orientated. Even the ant & grasshopper fable is degraded for being part of a heartless society.
Amazing.. I’m sure that the recent arrests in Europe (related to child trafficking..) have opened the way for more… less blackmailable justice officials to step in and actually start applying justice to these lizards…