HSBC Laundering Billions?
Friday, February 03, 2012 – by Staff Report
A former employee of one of the world’s largest international banks has provided WND with more than 1,000 pages of documents, including customer account ledgers for dozens of companies through which the financial institution was laundering money each month, according to the whistleblower. “I found many accounts through which hundreds of thousands of dollars were being flowed as a conduit on a monthly basis,” John Cruz, an account relationship manager who worked in the HSBC southern New York region, told WND. − WorldNetDaily
Dominant Social Theme: What a shock! This is perhaps the biggest bank in the world! Where were the regulators? What’s going on? How could this happen? It’s really impossible to believe …
Free-Market Analysis: Jerome Corsi better hire pretty good security. In Georgia, a lawsuit that Corsi has helped promote seems close to knocking US President Barack Obama off the ballot due to questions about his parents and whether he is US “natural born” – and thus eligible to be president.
And now Corsi has apparently helped reveal the underbelly of the Western world’s banking system by exposing “thousands of pages” of documents that, according to Corsi, seem to prove fairly conclusively that HSBC was involved in a massive money laundering scheme that involved people at the very top of the bank.
As of 2011, according to Wikipedia, British-based HSBC was the world’s second-largest banking and financial services group and second-largest public company per a composite measure by Forbes magazine … “In February 2008, HSBC was named the world’s most valuable banking brand by The Banker magazine.”
Given that HSBC is the most valuable banking brand in the world, systemic corruption at the top of HSBC is big news. What’s funny in a sad way is that this probably has been going on for decades. It is only now, however − thanks to the Internet − that these sorts of things can be publicized. It seems like there is fairly significant evidence to back up these charges.
As WND reported, Cruz has a raft of customer account records he claims are evidence of an international money-laundering scheme involving hundreds of billions of dollars by London-based HSBC, which reportedly is under investigation by a US Senate committee.
We don’t put too much faith in the US Senate when it comes to these sorts of money-laundering schemes. First of all, we don’t think money laundering, for the most part. is a crime. We think drugs and gambling – two large generators of illicit funds – should be legalized.
But the reason they won’t be, so far as we can tell, is because the Anglosphere elite that seeks to run the world has arranged these “crimes” so as to create large pools of black capital. It is this untrackable black capital that increasingly runs the West’s mercenary military and the the West’s top-level globalist, Intel-oriented operations.
The sums that slosh about in the recesses of Western government and its mercantilist banking facilities are almost impossible to comprehend. Just before 9/11 − on September 10, in fact − Donald Rumsfeld announced that US$2.3 trillion in Defense funds had gone missing and could not be accounted for.
Unfortunately, Mr. Rumsfeld was not able to follow up definitively as regards this staggering sum because the plane that hit the Pentagon on 9/11 apparently wiped out the records department that contained details on expenditures (along with 125 employees, mostly accountants, bookkeepers and budget analysts).
The elites have plenty of money for black-ops efforts, of course, but the power elite NEVER uses its own funds, from what we can tell. Also, money-washing at big banks creates large pools of “clean” capital that can be used for a variety of purposes.
This larger observation speaks to the heart of what is really going on in the early 21st century. There is a group of unfathomably wealthy Anglosphere elite families (deriving their funds from the control of central banking around the world) and their associates and enablers that are trying to create one-world government as rapidly as possible.
While many call these families Zionist, we have recently eschewed this term, thinking it confuses things. What the world is run by, basically, is a mafia that hires people of similar race and persuasion the way the Italian mafia has in the past.
It is a crime syndicate. It has created – at the top – a parallel global economic, military and political system that seems to be part of the world’s larger demos but actually reports to the families not to voters or “democratic” facilities.
The Internet is a process, not an episode. As times goes on, we figure more and more anomalous revelations about the world’s largest criminal syndicate will be revealed. These are not “incidents” of corruption. In fact, one oughtn’t to call it “corruption,” in our view.
There is an emergent world government that has been put in place and it is one that is supported by corporations and individuals that are above national law. The system will only collapse – and it will in our view – when people realize that what they believe is anomalous is in fact systemic.
Conclusion: The revelations about HSBC should not shock anyone who believes in the step-by-step – and ongoing – construction of a New World Order. What HSBC likely reveals is the Way the World Really Works.
Posted by ostrading on 02/04/12 03:10 AM
“unfathomably wealthy Anglosphere elite families”
Who are they??
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Posted by W.Palmer on 02/03/12 07:40 PM
A piddling 2.3 Trillion.. Donny would get his back up. Jeez just watch how we can really piss away money when we get started…
HSBC… … Who woulda thought!!?? Gosh! Maybe there are other banks too??
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Posted by Steve L. on 02/03/12 06:18 PM
If one were wondering exactly what was being “laundered” at HSBC there’s not too much doubt that it was billions in drug money. You recently interviewed Catherine Austin Fitts, who has excellent insights on why the biggest banks have to keep the drug money in circulation, which causes endemic corruption throughout the system. Another interview with a focus on this topic would be very worthwhile.
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Posted by seer on 02/03/12 05:48 PM
” The sums that slosh about in the recesses of Western government and its mercantilist banking facilities are almost impossible to comprehend. Just before 9/11 – on September 10, in fact – Donald Rumsfeld announced that US$2.3 trillion in Defense funds had gone missing and could not be accounted for.”
In fiscal 1999, a defense audit found that about $2.3 trillion of balances, transactions and adjustments were inadequately documented. These “unsupported” transactions do not mean the department ultimately cannot account for them, she advised, but that tracking down needed documents would take a long time. Auditors, she said, might have to go to different computer systems, to different locations or access different databases to get information.
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However it is truly Ironic that one day after Rumsfeld spoke the records were destroyed; when in 1999 they might just be on different computer systems? I am still baffled by how that huge jumbo jet was swallowed up in a 20 foot diameter hole that punched through 3 concentric rings of concrete reinforced steel without even knocking out second floor windows????
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Posted by Jones on 02/03/12 04:59 PM
“Conclusion: The revelations about HSBC should not shock anyone who believes in the step-by-step – and ongoing – construction of a New World Order. What HSBC likely reveals is the Way the World Really Works.”
Common thieves who have layered themselves with a veneer of respectability and do not hesitate to kill anyone who gets in their way. They have the slavish Western governments and their militaries to use as their enforcers…
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Posted by speedygonzales on 02/03/12 04:55 PM
Talkin about HSBC we talk about Dope,Inc.
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Posted by speedygonzales on 02/03/12 04:38 PM
The City dominates world fund management for foreign institutions and governments and all these City operations have Freemasons in prominent positions.25 More than 500 foreign banks have offices in the City and in 1993 UK-based banks accounted for 16% of lending worldwide, an astonishing figure for these small islands. The interlocking directorships between these banks and businesses are simply breathtaking. I can only give you a selection of them here, but they will give you a feel for what is going on:
Sir Peter Ingram Walters: deputy chairman since 1992 of HSBC Holdings (the Hong and Shanghai Bank, a heart centre of global drug money laundering); BP director (1973-90); BP Chemicals chairman (1976-81); Lloyds Register of Shipping (1976-90); National Westminster Bank director (1981-89); Midland Bank director (1991-94); Blue Circle Industries chairman (1990-); London Business School governor (1981-91); National Institute of Economic and Social Affairs governor (1981-90); SmithKline Beecham director (1989-); Thorn EMI director (1989), deputy chairman (1990-)
Sir Martin Wakefield Jacomb: Practised at the Bar, Inner Temple 1955-68; Bank of England director (1986-95); Hudson’s Bay Company director (1971-86); Barclays de Zoete Wedd chairman (1986-91); Barclays Bank deputy chairman (1985-); Telegraph Newspapers director (1986-); Commercial Union Assurance director (1988-); Rio Tinto director (1991-); British Council chairman (1992-).
Sir John Chippendale Keswick: Bank of England director (1993-); Hambros Bank chairman (1986-); Charter Consolidated director; De Beers director (1994-); Edinburgh Investment Trust director; Queen’s Body Guard for Scotland; Royal Company of Archers.
Sir Christopher Anthony Hogg: Bank of England director (1992-); Courtaulds chairman (1980-94); Reuters Holdings chairman (1985-); SmithKline Beecham director (1993-); International Council of J. P. Morgan (1988-); Ford Foundation trustee (1987-)
Sir George Adrian Hayhurst Cadbury: Bank of England director (1970-94); Cadbury Schweppes chairman, deputy chairman, and managing director (1969-89); IBM director (1975-); served on the Panel on Takeovers and Mergers (1990-); Committee on Aspects of Corporate Governance chairman (1991-).
Lord Howe of Aberavon (Geoffrey Howe): Glaxo Wellcome director (1991-); Queen’s Privy Council and Chancellor of the Exchequer (1979-83); Secretary of State for Foreign and Commonwealth Affairs (1983-89); deputy prime minister (1989-90); Sun Alliance and Insurance Group director (1974-79); BICC director (1991-); Framlington Russian Investment Fund (1994); International Council of J. P. Morgan.
Lord William Rees-Mogg: General Electric director (1981-); Times Newspaper editor (1967-81); Times Newspapers director (1968-81); Sidgwick and Jackson chairman (1985-88); British Arts Council chairman (1982-88); American Trading Company chairman (1992-); International Business Communications plc chairman (1993-); J. Rothschild Investment Management director (1987-); St James’s Place Capital director (1991-); Broadcasting Standards Council chairman (1988-93); Telegraph Newspapers director.
And finally, how about this for a Brotherhood CV?
Lord Armstrong of Illminster: British Treasury civil servant (1950-64); assistant secretary of the Treasury (1967-68); private secretary to the Chancellor of the Exchequer (1954-55 and 1968); principal private secretary to Prime Minister Edward Heath (1970-75); permanent under-secretary of state (1977-79); Cabinet Secretary (1979-87); head of the Home Civil Service (1981-87); Rhodes Trust 1975); Inchcape director (1988-); N.M. Rothschild director (1988-); Rio Tinto director (1988-); Shell director (1988-); Royal Opera, Covent Garden director (1988).26
Imagine the power you have to control events when you control all these companies and the governments making decisions affecting those companies. Add to that the control of the media via organizations like the BBC, the Reuters news agency, Hollinger Inc., Thomson, News Corporation, Pearson, Reed Elsevier, The Washington Post, New York Times, NBC, CBS, ABC, etc, etc… and you control the world. More than that, the people don’t know this is happening and therefore you can continue indefinitely without challenge or exposure.
According to Global Finance, the UK-headquartered HSBC Holdings is the world’s 3rd largest bank with $2.36 trillion in assets.  Formerly known as Hong Kong Shanghai Bank Corporation, HSBC has served as the world’s #1 drug money laundry since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars. During the Vietnam War HSBC laundered CIA heroin proceeds.
In Saigon the opium junta which Lucien Conein and Ed Lansdale had installed instructed the South Vietnamese military to dole out heroin to Chinese Triad syndicates who moved it to Hong Kong. The CIA’s Thai Generals used the same Chui Chao Triads as mafia kingpin Santos Trafficante. The Thais often sent morphine to Hong Kong, which was refined into heroin by the Hong Kong police. 
Deak & Company was the major gold dealer in Hong Kong and its operations were crucial to the CIA guns for heroin trade. Founded by OSS operative Nicholas Deak, it became the largest currency and gold trader in the US after WWII. Deak financed CIA adventures in Vietnam, the Mossadegh coup in Iran and the CIA’s assassination of nationalist Prime Minister Patrice Lumumba in the Congo. Deak used a Swiss subsidiary, Foreign Commerce Bank of Zurich, and its US Deak Perera branch to lure flight capital from wealthy Third World elites, mainly cocaine money from Argentina. When Deak suddenly went bankrupt in 1985, its Hong Kong depositors were left in the lurch.
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Posted by jjkorman1 on 02/03/12 04:16 PM
It is a given that their are vast levels of wealth throughout the world. Unfortunately the liberty hating governments in their insanity want to elimenate it. What is not seen is that it is underlying engine that drives the wealth and greatness of our civilization.
The pursuit of equality will not end well. It should seem obvious that the holders of the wealth are better at managing the world than do the poor.
Procrustes at Large
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Posted by josejoe on 02/03/12 04:14 PM
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Posted by hivemind on 02/03/12 03:57 PM
“What the world is run by, basically, is a mafia that hires people of similar race and persuasion… ”
Not sure why DB chooses to paint itself into a corner with this statement, as it can be easily discounted. The Anglosphere elite has people of all different races and persuasions on the payroll. That’s part of what makes the idea of such a powerful group both harder to swallow (the old, “How could so many people keep a secret that big for this long” canard), and more ominous (Like Standard Oil’s reputed “agent in every hamlet”).
There’s no other site out there that does the analysis like this one does, but I have to say that DB has been hitting the “similar race and persuasion” angle (and we know what race and persuasion is meant) a little hard lately. I have to question the reasoning behind the increasing drumbeat on this over the past few months. You used to be much more… diplomatic and above-board. Now you’re coming across, to me, as sneaky and bigoted.
What gives, DB?
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Posted by Bluebird on 02/03/12 03:15 PM
In DB’s conclusion “What HSBC likely reveals is the Way the World Really Works”. My thoughts exactly when I read that article. What would really be surprising is finding an honest one. Now THAT would be an article worth reading if it would be true.
“-and it will in our view-” Here’s to that day! May it come soon.