Unfortunately I was rather conservative in my estimations since last week it came out that HSBC is implicated with £36 trillion in money laundering, a figure similar to the entire global GDP, dwarfing the hundreds of billions laundered by Wells Fargo. Old news for some, but trillion is so passé, like Dr Evil coming out of cryogenic freezing to demand one million dollars for the world. Bloomberg has been reporting for some time about the $1.2 quadrillion global derivatives market in a wholly unregulated, unreported “shadow banking system“. This is where that drugs money is taken, treated as collateral and then leveraged 10 or 100 times to 1 in the fractional reserve banking system. Of course, governments, agreeing to underwrite this monstrosity have put the entire Eurozone and indeed Western capitalism at threat.
But really, I wanted to write this article to explain that financial fraud, manipulation and systematic government sponsored Mafia behaviour is just the tip of the iceberg. These people clearly have ambition and money is a means to an end, so what is it that they are really up to? What would one do if they could print as much money as they wanted? What would government and corporations do if they could control the drugs trade and then leverage trillions of laundered dollars to buy up the planet?
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