News & Analysis
HSBC Laundering Billions?
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 art42 on 02/04/12 07:14 PM
A really good film giving background information of the global war-profiteering mafia is:
The Nazi Banksters' Crimes Ripple Effect
Google it, watch it, and pass it on.
Posted by dave jr on 02/04/12 06:20 PM
DB:"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."
Not just providing for black ops, making these activities illegal creates the huge profit potential by creating yet more monopolies. Then add tax payer contribution for weapon sales and more paramilitary.
This is also why I do not worry about a cashless society.
Posted by nithsdale on 02/04/12 05:09 PM
This new "circumstance" is a replay of the charges against Citibank, B of A, et al when they began to expand their global signatures. HSBC has always had a pass because they are the repository for most of the Asian offshore banking since that bank's inception, back in the days of the old trading Tongs, when the West began to formalize its association in that part of the world. HSBC always had a large clientel since it operated, ostensibly under British Law and there was some accountability implied.
The money involved, in those days, was what was termed "pass along", meaning it was not involved in production but in transit from hand to hand to the final trade destination(shipping and handling costs). No one bothered about who or where, real bills were involved and that was all that mattered. Most of Asia still does business that way today... and Africa and South America too. A good part of the currency involved was precious metals and gems. It was a real free market and still is.
HSBC entered the US banking scene when money was scarce, and credit too. That is where the Overseas Chinese banked, including our Chinese communities, so it was natural that such a large untapped source be allowed to play in our borders too! The phenominal growth of HSBC here just mirrored the obvious.
Corsi's attack is interesting now becausee the rumors are that the Chinese have begun to invest in the Caribbean big time, building resorts and importing thousands of Chinese to build them! Some assert that this is the prelude to a change in US immigration policy that will allow residency for those who own property in the US. This is to accommodate the trillions of dollars in Fed Bonds (formerly US Treasuries) which are being proffered now for redemption just as the US is running out of funds! Hint, hint!
it looks like we are in for an interesting election. For those of you who hate the Fed, well, you may get your wish when Washington throws the fed under this speeding bus!
Posted by rossbcan on 02/04/12 11:06 AM
Might I add, "The Power Elite" by C. Wright Mills:
Click to view link
... of course, in discussing ANYTHING, need to precisely KNOW what it (power) is:
Click to view link
... especially, since, for basic survival reasons, ALL of us will soon be fighting arbitrary power, be it the bandits in our 'hood within the context of collapsed civilization, statist remnants adrift and "gone rogue", or, the organized criminals who have a pathological "need to control" and will attempt to step into the power vacuum. Suggest not leaving a "power vacuum" by tightly controlling your OWN life and affairs and, with whatever it takes, jealously protecting YOUR life and property.
Posted by Bluebird on 02/04/12 11:04 AM
The staff has put a LOT of work into their biography section. I recommend people make good use of the wonderful info found there.
Posted by aidenus on 02/04/12 10:27 AM
People keep asking "who are they" when you refer to the "Power Elite"
You should do a few articles on these books, or at least push your audience to read them so they have a better understanding of exactly the people you are talking about:
Old Money: The Mythology of Wealth in America by Nelson Aldrich Jr.
Money and Class in America: Notes and Observations on Our Civil Religion by Lewis Lapham
These two books are written by people from "Old Money" and will give you a very good insight into why they think they way they do, and the lifestyle that they live.
Class: A Guide Through the American Status System by Paul Fussell
Paul does a very good job of explaining the American Status system, and the cultural controls that are disseminated through various channels in order to get people to forget who is in control.
All are very well written. Anyway, I think this would very much help your audience.
Posted by HugoHolland on 02/04/12 10:24 AM
A year back we had the Wachovia scandal. Here a few snips;
'Now that the year's "deferred prosecution" has expired, the bank is in effect in the clear. It paid federal authorities $110m in forfeiture, for allowing transactions later proved to be connected to drug smuggling, and incurred a $50m fine for failing to monitor cash used to ship 22 tons of cocaine.'
'More shocking, and more important, the bank was sanctioned for failing to apply the proper anti-laundering strictures to the transfer of $378.4bn - a sum equivalent to one-third of Mexico's gross national product - into dollar accounts from so-called casas de cambio (CDCs) in Mexico'
'The conclusion to the case was only the tip of an iceberg, demonstrating the role of the "legal" banking sector in swilling hundreds of billions of dollars - the blood money from the murderous drug trade in Mexico and other places in the world - around their global operations, now bailed out by the taxpayer.'
'"As early as 2004, Wachovia understood the risk," the bank admitted in the statement of settlement with the federal government, but, "despite these warnings, Wachovia remained in the business". '
Ofcourse the whistle blower his live was made as miserable as possible. Here the summary of this story.
Click to view link
Posted by rossbcan on 02/04/12 09:40 AM
"I have seen the enemy, and, it is us"
Posted by vivek on 02/04/12 09:24 AM
For anyone needing a really good, hard look at thsi whole story, please go to:
Half-way in is an intro and a link to the book.
Mind-blowing stuff. Of course HSBC deals in Drug money. That is why it was set up. Crazy world.
Click to view link
Posted by Bluebird on 02/04/12 09:08 AM
This is very good, rossbcan. I know you repeat these thoughts often in your contributions to education, but I found this outstanding. Kudos.
Posted by theodorej on 02/04/12 08:41 AM
Sir ... I could not have stated it better if I tried ... . You are indeed correct in your assertion and the unfortunate reality is that the whiners will prevail as long as they have a government that continues to take my hard earned money and gives it to them... . Perhaps a collapse of this corrupt system would be the answer,Iam sure it would be rough going for awhile but ultimately the producers would emerge and the free lunch would be over ... . the moochers would be faced with starvation and violence will be their effort but a well organized community of productive people will prevail..
Posted by rossbcan on 02/04/12 07:59 AM
"Who are they??"
wrong question, implies that problems can be solved by identifying and smiting the perps. The fact is that the "system" encourages and creates perps faster than they can be identified and smited. The false pretexts must be smited along with anyone who initiates aggression. "They" are the set of individuals and their enabling harpies who act and believe as if they are above the law, free to prey on all others. "They" are the collective forces that control states, law and military.
There are many honest judges, but, they are also individuals compelled to survive. They are not god and need a clear indication that "we, the people" are on side and will support and protect them. Otherwise, they will continue to "go along, to get along", like most others. This demands individual summing to collective determination and courage.
Collectively, we are very far from what is required, with the majority STILL whining for entitlements at the expense of others. What is achieved in entitlements is crumbs compared to the vast commissions realized by our "arbitraters of faux fairness". This lasts until the cupboard is bare, then, it will be the frustrated entitled lashing out at the powers that be and, tyranny is what will again be presented as "the solution".
Fairness is JUSTICE, not "equality of results (for the serfs), independent of contribution":
Justice Defined: We are all free to profit or suffer and learn (adapt to excellence) by facing the consequences of our OWN choices. Injustice is to be forced to suffer the consequences of choices of unaccountable (irresponsible) others.
You will "know them by what they do". They are in your family, your friends, your neighbors, your "public servants", infesting and collasping all of civilization.
"They" are everyone who believes that "somebody oughta do something" means "aggress against or exploit" the decreed "enemy (scapegoat) du jour". Ask any former victim of the Nazis what this means. Actions are identical, only the pretexts have changed from "must smite some group" to "must help some group" with the unstated requirement of "smite some group", since the "helpers" are unproductive and must steal and exploit to "give" the crumbs they are willing to part with once their "neccessary" cut is taken.
Posted by Joe on 02/04/12 06:57 AM
The billionaires usually who buy and own the intellectuals and agents to push their policies through on the non elite mass. Their policies are usually designed to benefit them. Key to this is the debt based banking system. Creating money from nothing and loaning it out. Elites can also get loans at cheaper rates from the bank, they can then create huge 'state protected' corporations and businesses who profit. If they lost 'the key', they would be unable to maintain and grow their power and wealth.
Posted by ostrading on 02/04/12 03:10 AM
"unfathomably wealthy Anglosphere elite families"
Who are they??
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??
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.
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.
Click to view link
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????
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...
Posted by speedygonzales on 02/03/12 04:55 PM
Talkin about HSBC we talk about Dope,Inc.
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.
Click to view link