Finanzkriminalität / Financial Crime

If in a peer group – someone cheats and get’s away with it – everyone start to cheat, ending up in an unsustainable world of constant cheating.

It is no news that eBay’s and Amazon’s tax-headquarters is by no accident both in Luxembourg – while the average (German) employee pays 19% on every product they pay and SMU CEO pay up to 40% (those that can not afford panama bank accounts) in taxes – making their work significantly more expensive and possible unaffordable – which leads to less and less people wanting to start a self-employed business and a general reduction in jobs and innovation that goes along with SMEs.

Effectively “killing the host” as Mr Hudson put it. Or Marx put it: “the credo of every capitalistic nation is: after me the floodThose dishonest cheaters – probably secretly paid by massive lobby groups of the financial industry – are responsible for the reduction in jobs and the rise of left and right wing extremism.

You don’t need a study that Hitler did best in times of economic downturn. And if the state has less and less money to spend because of tax heavens – the economic downturn is only a matter of time.

As Marx said: “after us – the deluge” – let our grand children clean up the mess or die.

There is a word for this: financial crime.

“The president of the European commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, leaked documents reveal.

Years’ worth of confidential German diplomatic cables provide a candid account of Luxembourg’s obstructive manoeuvres inside one of Brussels’ most secretive committees.

However, the leaked cables reveal how a small handful of countries have used their seats on the committee to frustrate concerted EU action and protect their own tax regimes.”

https://www.theguardian.com/business/2017/jan/01/jean-claude-juncker-blocked-eu-curbs-on-tax-avoidance-cables-show

“Is it Friday again? Must be time for another banking scandal!

Seriously – these banking scandals are happening with such regularity and predictability it would be almost comical… were it not for the millions of people who have had their lives turned upside down.

Bear in mind that the ink isn’t even dry yet on the $1 billion check that Wells Fargo wrote last week as a penalty to settle its previous scandal, where they defrauded 570,000 clients in a car insurance scam.”

And . . . yet another Wells Fargo banking scandal

Key people
Elizabeth Duke
(Chair)
Timothy J. Sloan
(President and CEO)
Revenue Increase US$88.389 billion (2017)[1]
Decrease US$27.337 billion (2017)[1]
Increase US$22.183 billion (2017)[1]
Total assets Increase US$1.952 trillion (2017)[1]
Total equity Increase US$206.936 billion (2017) [1]
Owner Berkshire Hathaway = WARREN BUFFET (9.9%) net worth of US$87.5 billion as of February 17, 2018
Number of employees
268,800 (2016)[1]

https://en.wikipedia.org/wiki/Wells_Fargo

 

 

“We milk the cow as long as she gives milk. If not, we bet against it.“

“In der Banking-Community gilt Ausscheren immer noch als Verrat.

„Wir melken die Kuh, so lange sie Milch gibt. Wenn das nicht mehr geht, wetten wir gegen sie.“

“In the Banking Community, deviation (being critical) it is still regarded as betrayal.”

Even during nuclear war – Banks try to stay operational and trade from the bunker. A sick world.

Deformiert der Job des Bankers den Menschen?
Das würde ich pauschal nicht sagen. Banker sind sehr unterschiedliche Individuen. Einige durchschauen aber die Mechanismen der Finanzkrise sehr gut. Sie sagen, dass die aktuelle Politik nur Zeit gewinnen kann und die Probleme nicht löst. Sie wissen, dass Inflation und Armut droht. Trotzdem würden sie das in der Öffentlichkeit niemals kundtun. Das ist irritierend.

Ein Befragter erklärt, das Unwissen in Konferenzen der Schlüssel zum Karriereaufstieg sei.
Das war sein Führungsstil. Er schaut nur aufs Große und Ganze. Es ist so, dass einige Häuser Finanzprodukte entwerfen, die vielleicht ein oder zwei Angestellte verstehen. Weder Vorstände noch Aufsicht durchschauen das.

Profite durch Krisen?

Quelle: http://www.handelsblatt.com/finanzen/maerkte/boerse-inside/die-offenbarung-der-banker-unwissenheit-als-fuehrungsstil/7846764-4.html

Kommentare: “Den Krieg verliert der, der hingeht”

Medien unter Politik- und Finanz-Kontrolle: “Herr Berlusconi gerade wieder vorgeführt hat. Wer die “Grundversorgung” steuert und die handvoll Medienimperien auf seiner Seite weiss, hat gut Lachen…. Das vereinfacht vieles. Unter anderem die Usurpation und Ausübung der totalen, demokratisch nicht zu legitimierenden Macht. Und da versteht sich die Politelite glänzend mit den Bankstern.”

Über absichtlich dumm gehaltene lässt sich einfacher regieren – weiss auch die katholische Kirche.