Banking news is NOT good. HSBC surprised the market yesterday with a huge loss (again) and news of another investigation.
HSBC Posts 4th-Quarter Loss and Comes Under S.E.C. Scrutiny
“For the three months that ended Dec. 31, HSBC, Britain’s largest by assets, posted a loss of $1.33 billion, compared with a profit of $511 million in the fourth quarter of 2014. In addition to reporting its earnings, HSBC said that it and ‘multiple financial institutions’ were facing an investigation by the Securities and Exchange Commission.”
And today, one of the most EVIL of the Bad Guy banks and a serious player in the rigging of the silver and gold prices in Asia, Standard Chartered Bank, also posted a huge loss and announced more investigations.
Standard Chartered Makes It’s First Annual Loss Since 1989
“Standard Chartered has plunged to its first full-year loss since 1989, axed its final dividend and endured another turbulent day on the stock market, with its shares falling by more than 10% at one stage. Along with its results, the emerging markets focused bank revealed it is still being investigated for potential failings in its defences against financial crime.”
Now think to yourself…how could it be that at the end of 2015 EVERYONE was saying things were as good as they get and the banks had never been stronger?
Fast forward less than 2 months and it’s as if the Financial World is the complete opposite…a COMPLETE MESS!!
And they are reporting 2015 results…meaning THEY LIED at the end of last year!
With the new head of the Minneapolis Federal Reserve, Neel Kashkari coming out today trying to explain why the big banks need to be split apart you may wonder just how bad it is behind the scenes.
Kashkari Wants to Break Up The Big Banks
Oh, you remember Kashkari don’t you? The lead behind the TARP Program which was supposed to help the banks survive after the 2008 crash…the same banks that he now claims need to be broken up!
But why Kashkari? Just dig a layer deeper and you will find his Goldman Sach’s roots…roots? Hmmm. Love that word as it relates to the ORIGINAL Road to Roota Articles about Alan Greenspan’s original computer programs he invented to rig the markets.
RootA = Computer programming command in ‘BASIC” Invented by Greenspan’s childhood friend John Kemeny.
What’s this got to do with Kashkari?
HE WAS AN EXPERT COMPUTER QUANT AT GOLDMAN!!! Kashkari worked for NASA as a computer expert before working for Hank Paulson in the COMPUTER RIGGING DIVISION at Goldman. Kaskari was behind Goldman’s computer market rigging that has morphed into the absolute MESS it is today.
My Friends – it all fits together in a tight little package. The PLANNED take down of the global financial system is upon us – you just have to connect the dots to see it clearly.
May the Road you choose be the Right Road.