Sharks in the Water

Is a new international system of asset-backed currencies replacing the fiat United States dollar backed system?

US Dollar Refunding Project

2012 Gold Treaty

and the arrest of thousands of bankers and others for abetting financial fraud … greatly in excess of 10,000.

First, Iceland, and now Spain has taken on the Big Bankers responsible for financial calamity, as the country’s highest national court charged the former head of Spain’s central bank, a market regulator, and five other banking officials over a failed bank leading to the loss of millions of euros for smaller investors.

(In Spain) the former head of the International Monetary Fund (IMF), Rodrigo Rato, was sentenced to four years and six months behind bars … found guilty of embezzlement when he headed up Caja Madrid and Bankia … . The people of Spain were outraged over the scandal as it was discovered during the height of a severe financial crisis in which banks were receiving millions in taxpayer dollars. …

Rato was brought down in a massive effort by Spain to get rid of corruption within the banking system. The problem had gotten so bad that Spain decided to clean house and 65 people, including Rato, were brought to task. According to the AP, they were accused of having paid for personal expenses with credit cards put at their disposal by both Caja Madrid and Bankia … .
Feb 20, 2017

It is not just Rato. The problem is systemic. Rato inherited a pre-existing operation.

According to the indictment, Rato maintained the “corrupt system” established by his predecessor Miguel Blesa when he took the reins of Caja Madrid in 2010, reports the AFP. He then replicated the system when he took charge of Bankia, a group born in 2011 out of the merger of Caja Madrid with six other savings banks, prosecutors said. …
Feb 20, 2017

But it is not just systemic to  Bankia, as embedded in the Spanish political and financial structure as that was. Rato had also moved up to the IMF, where there was also ongoing corruption.

To highlight the utter corruption within the banking cartel that is the IMF, Rato is the third former chief to be ousted for illegal activity.

For those who don’t remember, Rato’s successor, Dominique Strauss-Kahn, was tried in 2015 on pimping charges in a lurid sex scandal. Naturally, he was acquitted — in spite of the fact that he admitted to engaging in illicit sex with prostitutes at a series of orgies … .

Christine Lagarde, who took over from Strauss-Kahn and is the current IMF chief, was found guilty in December of “negligence” for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister. …
Feb 20, 2017

And does the corruption in the IMF reaches across the Atlantic to the U.S. Treasury Secretary?

Despite being found guilty of corruption, Lagarde was not sentenced to a single day in jail. She has since been meeting with Trump’s Goldman Sachs-connected Treasury Secretary, Steven Mnuchin, noting that they’ve had “some very positive discussions.”

See Also:

Mnuchin, Predatory Insider

Goldman infiltrates the Trump Administration


About icliks

Biding my time in central ms ... yours too, if ur reading this.
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