The latest Mueller/NY Attorney General scandalous investigation is the relationship between Germany’s Deutsche Bank and Trump. Apparently, Deutsche Bank made ‘loans’ to Trump totaling $2 billion over a period of twenty years, and Trump still owes roughly $360 million or 17% of the total. Why is this worthy of investigation? According to the lynch mob, it is because Deutsche Bank made the loans when no other bank would and 15 salesmen were given a tour of Mar a Lago in Florida. Very incriminating…according to the New York Times.
Deutsche Bank has been mired in catastrophic legal issues for over a decade including; tax evasion, espionage, wire fraud, libor scandal, fraudulent transactions, sale of toxic mortgage securities, violating sanctions and money laundering.
Trump is a ‘client’, borrowed funds, applied the funds to his various business ventures, and made payments.
The NY Attorney General who has announced efforts to join the Mueller investigation is Letitia James, a democrat feminist who claims to be a specialist in ‘predatory lending’. However, her resume would seem to include nothing to that regard with one interesting exception. In 2016, as New York’s Public Advocate, she attempted to force six financial institutions to end their practice of loaning money to gun manufacturers. The current Public Advocate is Corey Johnson.
Deutsche Bank is hardly alone in its embroil of scandals. For example, the list against Citigroup includes; money laundering, deceiving investors, bond market manipulation, the rearrangement of global capital supply chains benefiting elites and immigrants, Terra securities scandal, theft from client accounts, futures market manipulation…etc – etc – etc.
JP Morgan Chase, the largest capitalized bank in the US has its fair share of controversies and corruption, including; improper handling of ADR’s, discrimination, Asia corruption, Bernie Madoff fraud, bribery, securities fraud, extremely risky speculative trading, sanction violations, obstruction of justice, manipulation of energy market, breach of contract, etc – etc – etc.
In the last decade there have been 116 lawsuits filed against Wells Fargo.
In essence, it would appear that bank corruption is relatively commonplace and provides a rather lucrative, steady stream of income to the Federal Reserve in the form of fines, fee, and penalties.
In conjunction with the US Department of Justice, the major Plaintiff in lawsuits against banks worldwide is the Federal Reserve. Suing banks for malfeasance the ‘profit’ is divided among the Federal Reserve and various state and federal agencies. Typically, New York is involved in the action and thus the recipient of a pool of $$$$.
November 2018, the Federal Reserve portion of a lawsuit against Societe Generale S.A. was $81.3 million out of a total $1.34 billion.
The Federal Reserve is a private enterprise making insanely large profits. With an Operation expense of roughly $6 billion, it routinely generates income of roughly $88-$100 billion – translating to a profit margin of 93% to 94%. Excess profits are sent to the US Treasury.
The previous US Secretary of the Treasury was Jack Lew who worked under the Clinton administration as well as the Obama administration. Between working in those two administrations, Lew was chief operating officer for Citigroup’s Alternative Investments working the Cayman Island, Bermuda and Hong Kong branches. Of course these branches are notably offshore allowing tax avoidance havens for those who desire to hide wealth. Coincidence? Possible. But not likely.
While Lew was still at Citigroup, Obama announced a massive bailout deal for the bank after the stock price collapsed and insolvency was proposed. Two months later, Lew was appointed to US Deputy Secretary of State for Management and Resources, then White House Chief of Staff and ultimately Secretary of Treasury.
He served a purpose.
What Mueller and Letitia James might not fully understand is the thicket of intertwined exchange of money, laundering, banks, and hidden assets that is historically inherent in the Clinton and Obama administrations. Over his head, Mueller’s digging might actually let loose the buzzards and locusts from Pandora’s Box. Only it won’t be Trump that is revealed, it will be The Reptilian Swampers, and Mueller will find that the calling card of the Cabal is Murder by Suicide.
In the meantime, taxpayers of all party affiliations continue to shell out/pay for this vastly expensive investigation that has unveiled – nothing. Deutsche Bank will be taken down. During WWII, the bank sided with Hitler and the Nazi’s confiscating jewish owned companies, firing its Jewish Board Members, financing Auschwitz and IG Farben, and supporting Turkey. Shares of Deutsche Bank currently trade at $9.04.