Archive | November 2, 2014

Six Banks to Pay Millions for Foreign Exchange Manipulation*

Six Banks to Pay Millions for Foreign Exchange Manipulation*

By Richard Smallteacher

Easy  MoneyMultinational banks are preparing to pay out billions of dollars in fines to settle charges of foreign exchange manipulation. Some 19 investigations in ten different legal jurisdictions are now winding their way to completion and analysts says the final tally may hit $41 billion.

The first set of settlements are likely to emerge in November in response to an investigation by the Financial Conduct Authority (FCA) in the UK, which has notified six banks that it wants to come to an agreement for them to pay out £1.5 billion ($2.5 billion)

“The discussion around a potential U.K. settlement as well as certain U.S. banks taking related provisions in their recent results suggests a kick-start towards overall FX (foreign exchange) litigation settlement,” Kinner Lakhani of Citibank told Bloomberg. (His team came up with the estimate of $41 billion in a research report published last week)

These six banks number among a total of 15 that are being investigated for rigging the $5.3 trillion global market. Just four of the 15 together control over half the foreign-exchange market, according to Euromoney, an industry publication.

Barclays of the UK has 10.2% of the market,

Citigroup in the U.S. has 14.9%

Deutsche Bank from Germany has a 15.2% share

UBS of Switzerland has 10.1%

Some 30 traders at these banks have been suspended to date over the last year, although some have since been allowed to return to work. A lawsuit filed earlier this year named a group that took part in an electronic chat room dubbed “The Cartel” – one of many where traders would collude on fixing prices to increase profits. (Other chat rooms had names like “The Bandits’ Club,” “One Team, One Dream” and “The Mafia.”)

Members of the “Cartel” named in the lawsuit included Chris Ashton and Matt Gardiner of Barclays, Rohan Ramchandani of Citigroup, Richard Usher from JPMorgan and Niall O’Riordan of UBS, all of whom worked in London, where 40% of global foreign exchange trading takes place.

To date UBS of Switzerland has had more employees suspended than any of the others. Seven traders have been suspended from UBS offices in London, New York, Singapore and Zurich.

moneyblackholeExperts say part of the problem is the lack of proper regulation of foreign exchange markets.“This is a market that is far more amenable to collusive practices than it is to competitive practices,” Andre Spicer, a professor at the Cass Business School in London, told Bloomberg News.

Regulators have tried to defend themselves. “I have never come across myself in any of these meetings or discussions specific allegations of people rigging the market … in particular, the allegations now about the dealers themselves colluding to rig markets,” Paul Fisher, former head of foreign exchange at the Bank of England told the British Parliament earlier this year. “It would be very odd for them to have come to one of these meetings and said: ‘We’ve been rigging the markets, what do you think?’

Recently the regulators have gone into overdrive. Some 19 different probes are being conducted by a slew of agencies from around the world including the Australian Securities & Investments Commission, the European Commission, Bafin in Germany, Hong Kong Monetary Authority, the Japan Financial Services Agency, the Commerce Commission in New Zealand, the Monetary Authority of Singapore, Finma in Switzerland, the Commodity Futures Trading Commission and the Department of Justice in the U.S.

The banks have already started to warn their shareholders of the size of the fines. In mid-October, JP MorganChase was effectively the first to announce that it was going to need to spend as much as $1 billion in legal costs over the next year, much of which is expected to stem from the foreign exchange scandal. (In July, UBS of Switzerland set aside $2.08 billion for future legal costs, although those provisions were related to a much wider variety of investigations.)

Other banks followed suit this week. On Thursday, Barclays Bank of the UK announced that it was setting aside $780 million to pay the fines, followed by Citibank from the U.S. with $600 million. On Friday Royal Bank of Scotland announced a $640 million provision and HSBC of the UK is expected to announce it will set aside $640 million on Monday.

The foreign exchange trading scandal has come on the heels of the global interest setting scandal for which a number of the very same banks have had to pay out a total of $5.8 billion in fines to date.

That scandal involved LIBOR – or the London Inter Bank Offer Rate – a global system of interest rates for $360 trillion in international deposits. The rates are set by the British Bankers Association which makes a considered average of rates reported to them verbally by participating bankers. Such “LIBOR” rates exist for as many as 150 different kinds of loans – mostly for overnight transfers between banks although they ultimately also affect the price of consumer loans like mortgages, car loans and credit card loans.


But what about the countries they have swindled?

Related Topics:

Vulture Investors Playing Monopoly with Africa!

Rigging Foreign Exchange Markets*

U.S Banks Avoid Taxes By Creating Foreign Subsidaries*

Barclays Libor Case to Go to Trial*

Global Banksters Gunning for Correa for Taxing Them!*

$45 Million Stolen from Banks Worldwide Shows How Easy It is in a Cashless Society*

Central Banks Lose $400bn in Gold*

Big Banks Guilty of Charging Higher Rates to African Americans and Hispanics*

Common Core Curriculum: Satanism in our Schools*

Common Core Curriculum: Satanism in our Schools*

By, Dr Lasha

Satanism and the sexualization of children: what do these two things have in common? Read on, and find out…

It has come to this: little children are now being taught Satanism in schools and encouraged to masturbate in the classroom by their teachers. These heavily medicated and dumbed down kids, without their parents’ knowledge or consent, are being systematically turned into the sex perverts and serial killers of the future.

These children don’t know how to add or subtract. They don’t know if the world is flat or round. They don’t know where the Atlantic Ocean is and they can’t find America on a world map. But they know how to use a dildo.

Little girls are being given detailed instructions how to strip and strap on these artificial penises, which they are then told to insert into the vaginas of other little girls— 6th graders aged 11 and upwards who, like themselves, are presumably ready for the raptures of sapphic sex.

Where these beginner lesbians are expected to practice their sex games—for let’s not be killjoys and call their innocent erotic pastimes “perversions”—is not altogether clear.

Shocking images out of a classroom in Nebraska [we are told in a controversial new article] illustrate how 11-12 year olds in 6th grade are being taught under new federally mandated Common Core educational standards how to use strap-on dildos. The pictures were taken by a student with a cellphone camera. They show a teacher demonstrating how to use a strap-on sex toy in a number of different positions.

In one image, the teacher even shows how to insert the strap-on while her buttocks are in the air and her legs up over her head. In another image, the woman shows the children how to wear a harness to which the strap-on is attached.

Newly implemented Common Core educational standards have been assailed for their attempt to create a lowest common denominator form of teaching which many assert only works to dumb down lessons and prevent smart students from excelling, but these images give a glimpse into an even darker side to the federally mandated rules.

The Secrets of the Fed website also points to a book being given to 4th graders under new Common Core standards entitled It’s Perfectly Normal, which teaches children as young as nine how to masturbate.”

(See here)

“Common Core” — a euphemism for “Let’s corrupt the kiddies and turn them into little sex machines” — is being federally imposed on states across the nation. It is nothing less than mind pollution of minors cunningly disguised as “teaching”. Its opponents assert that it will not only eviscerate critical thinking and lower educational standards, but create adults who are little more  than zombies.

The basic rules of logic and mathematics are also being turned on their heads. As in Orwell’s great novel Nineteen Eighty-Four, where the protagonist Winston Smith was finally forced to acknowledge that 2 + 2 = 5, pupils in American schools today are being subjected to similar absurdities.

“Perhaps the most infamous example of how Common Core will manifest itself in America’s schooling system was illustrated by a bizarre video in which a Common Core curriculum director said that “3 x 4 = 11 could be considered a correct answer so long as students could explain how they reached that number.”

The same Alice-in-Wonderland logic, if transferred to the sphere of ethics, could have bizarre consequences. If explaining how you arrived at an incorrect answer is equivalent to arriving at the correct answer, then explaining how you came to do the wrong thing (e.g. commit murder) is equivalent to doing the right thing (i.e. not committing murder).

Applying the same twisted logic, you can be a model citizen even if you are a serial killer — provided you can give a rational explanation of why you like killing people.

Common Core’s sex education standards have also faced fierce criticism, with one group even claiming that they represent “pornography”, which serves to desensitize children and increase their chances of sexual molestation.

“What is taught includes teaching inappropriate sexuality skills,” writes Joseph R. John.

“According to child psychologists, children are not mentally equipped to [receive] sexual indoctrination in kindergarten. They are being indoctrinated in sexual practices they should never be exposed to!”

Of one thing we can be certain. The Perversion Lobby will win in the end. They always do.


Our children have already undergone sexualization to an alarming degree. The average child’s first exposure to pornography is at the age of 11. Crystal Renaud, who was to write a book about her struggle with porn addiction, became addicted to pornography at the age of 11. She writes:

“Porn. Masturbation. Cybersex. Webcam sex. Phone sex. Anything you could think of, I watched, experienced and enjoyed. No matter how many times I said I would stop, I would just keep doing it.”

That porn addiction has an even more devastating effect on little boys is well known. The Oxbow Academy, an expensive boarding school in the wilds of Utah, is in fact a lock-down facility reserved exclusively for 13-to-17-year-old boys whom internet pornography has turned into virtual masturbation machines. Here they are sent by their parents to be “cured”.

As part of their therapy, Oxbow has implemented a prison-like regimen for the boys who are kept under constant supervision by staff members. Allowed only 10 minutes in the bathroom, the boys are monitored by video cameras and motion detectors at all times, even while asleep.

This is to stop them masturbating to past memories of porn which have left an indelible impression on their minds, tormenting  them with flashbacks months after their last contact with inflammatory online imagery.

Shawn Brooks, founder of Oxbow Academy, says: “They have a hard time not masturbating every 15 or 20 minutes.” 

How sad. How desperately sad! Mom in her lonely bedroom making passionate love to her vibrator. Dad in his den drooling over internet porn. Little Stella in school trying on a strap-on dildo. And Simon at university attending a lecture on Satanic Sex and the Higher Sodomy.

What’s it all about? — This is about betrayal and the loss of honor. The parents have lost their honor and betrayed themselves. They have also betrayed their children. The children have continued the cycle of betrayal, betraying themselves as well as their parents.

All have been brought to this dreadful pass by the implacable hatred of another group: the dedicated destroyers of the family, the underminers of traditional morals—in short, by the merchants of spiritual death.

Who are these underminers of morality, these destroyers of the family, these spreaders of spiritual darkness—who are the Merchants of Death? You already know who they are. If you don’t know who they are, you are part of the problem. You are complicit in your own ruin and in the destruction of all that is precious.

“Modernization is about everyone becoming Jewish,” Yuri Slezkine noted in The Jewish Century. It is the widespread adoption of “Jewish values” that have brought us to this pass. This is how “Jewified” countries behave: dumbed down and brainwashed by their Jewish media, stupefied and morally contaminated by Jewish movies, dehumanized and brutalized by Jewish porn. This is what it is like to have soul cancer.


And now, if you will permit, a short digression, a slight autobiographical detour or personal memoir whose object is to persuade you that Satanism is a real force for evil in the world and that I have personal knowledge of this based on experience. My flirtation with the black arts, though it lasted no more than eighteen months during my late teens, left a deep impression on my mind.

Truly, it was through Evil that I learned to love Good, for it was the Devil who pitchforked me into God’s arms.

When I was eighteen, I met an older man, a French aristocrat, who took a fancy to me and wanted to make me the thirteenth witch in his coven. I met him in a park. He came and sat down next to me on the bench where I was sunning myself and started leafing through a book called La Clef des Grands Mystères. I was fascinated. A little frisson ran through me and my heart skipped a beat in anticipation of arcane thrills to come. Mesmerized, I sat there in a semi-trance, waiting for the Master to speak the first word..

And so we got into conversation, the Mage and I, as if destiny had willed it. He told me he belonged to the Temple of Set and invited me back to his mist-enshrouded manor house to inspect his library.

During the walk back to his country estate, through pleasant woods and fields, he asked me with a twinkle in his eye if I would “like to be a witch”. I laughed and told him I would make a very poor witch. Later, when I got to know the man better, he would call me his “Gothic princess” and insist I wear black lipstick to please him and placate the dark gods.

Nothing of an intimate nature ever took place between us. I wouldn’t let it, having taken an oath on my 13th birthday to remain a virgin until I was thirty. He was too weird, in any case, for close human contact. Pale and cadaverous, like a tall gravedigger dressed in black, the man’s long, raven straight hair and pallid complexion resembled my own. His pet name for me was “Tiger Lily”.

Why did I hang out with this spooky guy? I had an ulterior motive. To have access to his library of rare occult books. These included books in Latin and French almost impossible to find nowadays except among the wealthiest aficionados of the occult arts.

One of the first books my newly acquired  friend showed me was Jean Bodin’s De la Demonomanie des Sorciers, published in Antwerp in 1593, one of the most important manuals on witchcraft and demonology. I had hardly sat down and he was reading me bits in French about the copulation of witches with demons.

The rarest manual on demonology ever published happened to be in his library. I was to read this later from cover to cover with the help of a medieval Latin dictionary. This was one of the few surviving copies of the notorious De Praestigiis Daemonum by Johannes Wierus, the disciple of the greatest magician of the Renaissance, Heinrich Cornelius Agrippa. The secrets I earned from that recondite book I have never forgotten. That forbidden knowledge brought me almost to the brink of madness.

I had more than enough exposure to Satanism over the next 18 months, so I know what it’s like to fall under its maleficient influence. Immature, as naive as a novice nun, I would nevertheless adore reading these musty tomes on demonology and black magic, kabalistic spells and incantations, the Sabbats and “the drawing down of the moon”. I would spend all night, high on strong coffee and amphetamines, poring over the esoteric works of Emanuel Swedenborg,  Eliphas Levi, and Aleister Crowley.



“DO WHAT THOU WILT shall be the whole of the law.” was Crowley’s most famous pronouncement. The great English Satanist (1875-1947) was never quite sure who created the universe, God or Satan. Nor was I during those heady days. Hence this memorable witticism of Crowley’s made me go into raptures when I first read it:

“I was in the death struggle with self. God and Satan fought for my soul those three long hours. God conquered. Now I have only one doubt left—which of the twain was God?”

Crowley was quite a character, it seems, but I found it hard to sympathize with his personal habits. They bordered on the grotesque. Thus when invited out to dinner at people’s houses, very posh houses indeed, Crowley would shock all the High Society guests by defecating openly on the drawing room carpet.

If the Host should protest, Crowley would lecture the company on “silly bourgeois conventions”, such as visiting the bathroom, and end up quoting his famous motto, “DO WHAT THOU WILT SHALL BE THE WHOLE OF THE LAW!”

Reader, I didn’t make up this story. You will find it  in John Symond’s book, The Great Beast: The life and magick of Aleister Crowley.

Like all Satanists, Crowley was a sexual libertine. Promiscuous sex, masturbation on a heroic scale, and the writing of sensational poetry featured as important parts of this demoniac’s daily routine. It was in the French aristocrat’s library that I was to discover a slim volume of erotic verse by Crowley, entitled White Stains.  This bizarre volume of fleurs du mal, published privately in Amsterdam when Crowley was still only 23, was intended as a lyrical celebration of Richard von Krafft-Ebing’s Psychopathia Sexualis.

An odd combination, you might think: poetry and sexual perversion.

Being an aspiring poet myself, I was soon to learn Crowley’s dithyrambic Hymn To Pan by heart.  Lounging opposite my spooky gentleman friend on a chaise longue in his lamp-lit study, and sipping a chilled Amontillado from El Puerto de Santa Maria, fresh from my host’s cobwebbed cellars, I would recite to him this poem in my darkest, most whispery voice:

I am Pan! Io Pan! Io Pan Pan! Pan!
I am thy mate, I am thy man,
With hoofs of steel I race on the rocks
Through solstice stubborn to equinox.
And I rave and I rape and I rip and I rend
Everlasting, world without end!—
Mannikin, maiden, maenad, man,
In the might of Pan!
Io Pan! Io Pan Pan! Pan! Io Pan!

This has been a long digression. For this I sincerely apologize. My only excuse is that it  is closely connected with the subject matter of this essay: Satanism, especially the diabolical corruption of minors by the combination of sex and Satanism in the school curriculum.

The Satanic Temple has announced that it will provide pamphlets on Satanism to students in Florida, following the school board’s decision permitting the distribution of religious [!] materials.

The [Satanic] sect tells school children about their legal rights … to practice Satanism. Earlier this month, the school system made a decision to let any religious and atheist materials be provided in schools.

Satanic Temple spokesperson Lucien Greaves explains:

“We think the responsible thing to do is to ensure that these students are given access to a variety of differing religious opinions, as opposed to standing idly by while one religious voice dominates the discourse and delivers propaganda to youth.

I am quite certain that all of the children in these Florida schools are already aware of the Christian religion and it’s Bible, and this might be the first exposure these children have to the actual practice of Satanism. We think many students will be very curious to see what we offer.”

The Satanic Temple came into the media spotlight recently after announcing that it intended to erect a seven-foot statue of Baphomet next to a Ten Commandments monument at the Oklahoma State Capitol.

Baphomet, formerly a pagan idol, is, needless to say, associated with the Devil. Baphomet is always represented in art as horned and goat-footed, the goat being an ancient  symbol of lust. Baphomet moreover, according to Crowley, is closely associated with spermatozoa and is the product of sex magick, i.e., the result of a primal autoerotic act by Satan Trismegistus, the archetypal Masturbator, who decided in his wisdom that the object of the Divine Seed was to waste it.

It is quite clearly the Devil, symbol of primordial Lust, whom our children are now being encouraged to worship.

That is, of course, not strictly true. The propaganda is infinitely more subtle and therefore all the harder to resist. Our children are being offered “diversity” and “freedom of choice”. They are being offered Satanism as an “alternative” to God.

Ultimately, little John and Mary must be protected from the indoctrination of their parents — sadly trapped  as these misguided adults are by “traditional moral values” and silly old-fashioned ideals like “honor and decency”.

Instead, children must be taught to trust their liberal, neo-Bolshevik “liberators”: the elite media owners and mind manipulators who offer us all so many goodies straight out of Pandora’s box: diversity, pluralism, “choice”, moral relativism, and a wide range of “exciting alternatives” including the chance to go to hell in a handcart.

Above all, sex—sex in its most depraved forms, including propaganda for incest and bestiality—must be rammed down our children’s throats at all times so that they can think of nothing else but SEX, SEX, SEX.

I won’t mince my words. Never in the history of the world has there been such a program of black propaganda, as there is today, designed to work on the malleable minds of children and turn them into a thoroughly degenerate bunch of sexual perverts.

The other day I came across a little boy, aged about 11-12, masturbating openly over some internet porn in the library. “So what do you want to be when you grow up?” I asked him gently.

He gave me a crooked smile. “I dunno,” he said. “Probably a serial killer.”

I felt desperately sorry for this little boy. He could have been my own son. Blame him I could not. He was the product of a depraved erotomaniacal culture deliberately brought into being by a degenerate Jew-controlled media empire which includes our education system.

Parents remain totally unaware of the pornographic obscenities being rammed into their children’s minds on a daily basis. Here are a few examples of what our children are being exposed to at school, all in the name of “sex education”. All examples  come from a meticulously documented study by Jim Hoft, Child Pornography in the Classroom:

These include first-person narratives ostensibly informing children of real-life situations in which they might find themselves involved sooner or later: public masturbation in classrooms with “semen flying through the air”, explicit sex acts between pre-schoolers, anal sex between boys on school premises, 6-year-old boys performing fellatio on fellow first-graders in school restrooms, 13-year-olds “getting my cock sucked”, and older teenage boys enjoying the “exquisite bitter taste” of their best friend’s semen.

If I were to ask my little 8-year-old nephew, in the presence of his parents, if he had experienced any of these abominations at school, they would look at me in absolute horror. That I should even think of these obscenities and try to pollute the mind of their little son by suggesting he might be a suitable candidate for Sodom and Gomorrah, would be regarded by his good parents as a sure sign of my own depravity. My own complete corruption.

Lasha, How could you even THINK of such things?

Good question. But even more to the point, how can the State think of such things? How can our education authorities actually hire adults to write such filthy stories for children?  How can the government be so mindlessly stupid as to license such sick-minded perverts to enter the same room as our children and act as their moral instructors?

It beggars belief.


Related Topics:

Globalized Education and One World Government

Ontario’s Former Deputy Minister of Education Charged on 7 Counts of Child Exploitation

Common Core Education Standards Teaches Fourth Graders about Pimps!

The Secret History of Western Education Behind the Common Core Curriculum

U.S: Education Standards Fall as Scores Drop

Test the Poor until they are Brain Dead, and Educate the Rich!

“Common Core” Education Making our Children Stupid!

Islam Next Stage in NWO Common Core Curriculum*

Paedophilia in Jewish Mikvah’s*

Parent Arrested for Questioning the Common Core Curriculum*

Common Core Curriculum: Parents in 17 States Remove Children from School *

Principals Express Concern over the Common Core Curriculum*

Where Some Children Disappear to on Halloween*

Parents Rightly Demand Name of Teachers Who Backed a Paedophile Colleague*

Former Head of FBI Speaks on Rothschild, Illuminati, Satanism, Paedophile Rings = NWO

Occupy World: Top School District Opts Out Of Common Core Standard*

Indoctrination in Common Core Texts

Taking School Sex Education too Far*

Sex attacks on under-11s rise by 14 per cent in one year

****Up Nature: Sex change for Nine-year-olds*

New York Teachers withdrew Support for the Cabal’s Common Core Agenda

The Flaws of the New Common Core State Test*

Occupy World: Common Core Curriculum Banned in Indiana*

The Essential Facts about How Common Core Became a Reality and Its Rebranding*

Missouri Passes Bill to Withdraw from Common Core Curriculum*

New Common Core Tests: 6th Graders Seek Payment for Serving as Guinea Pigs*

Advanced Placement Exams Synchronizing with Common Core Sub-standards*

Children were Sexualized to Keep Abortion Cash Flowing*