Worldwide, financial watchdogs are barking for banks to restructure and hold more capital. This, of course, beats and batters a bank’s bottom line. As a result, investors are put off. Can you blame them? The robust returns of the past have been hurt badly. Let’s face it, buying bank stock just ain’t what it used to be.
Simultaneously, trading fees are falling. Deals are drying up. The huge salaries within the industry have become a liability since taxpayers were forced to provide banks with billions in bailout bucks. And scandals are, it seems, uncovered every week. Let’s face it, being a bank just ain’t what it used to be, either.
As a result of all this, banks are contracting and handing out pink-slips to employees.
“Of the 29 [major] banks, from Europe’s biggest bank HSBC to U.S. investment bank Morgan Stanley,” according to Reuters, ” just over 83,700 net jobs have been lost since 2009.”
In the same article, Reuters reports that since early 2011, “major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one.”
Recall back in September when Bank of America announced it was chopping 16,000 jobs by year end and perhaps as many as 30,000 before the ax swinging stopped.
And today, the Telegraph is reporting “Barclays could slash as many as 2,000 jobs from its investment banking arm as part of a broad restructuring of the company.”
That is about 10% of Barclay’s full-time investment banking workforce.
So, the story is that thin profits, restrictive regulation, scarce deals and soiled reputations have forced the banking industry into contraction.
It makes sense. But could there be more going on here?
Let’s consider a few things.
Major countries outside of the West—China, Russia, India, Iran and others – have decided to do oil transactions outside the petro-dollar system. This is significant. America’s economy and the bankster’s profits are directly tied to the petro-dollar transaction. We know Bush, taking orders from the banksters, turned the rule of Saddam Hussein into rubble because he side-stepped petro-dollars. The message was clear—do oil deals with petro-dollars or be purged from power. But that message was apparently missed by Libya leader Muammar Gaddafi. He side-stepped petro-dollars in his oil transactions, too. And so, just last year, our current presidential-puppet, again on behalf of the banksters, had Gaddafi hauled out into the street and shot like a dog—a public execution being a rock solid exclamation point, don’t you think?
And now we have Iran. You’ve been told they have nukes. No, sorry, they are developing nukes. They have enough material for 10 missiles. No, sorry, it is probably more like six weapons. Israel, or more specifically the Zionists, are screaming that we only have six months until boom day. Others claim it is several years. Still others, typically those not receiving bankster payoffs and funding, state Iran is developing nuclear power but not developing weapons.
Do you see the point? Is Iran developing nuclear weapons? We just don’t know. But we do know Iran is selling oil outside the petro-dollar system—just like Iraq and Libya did. Could the “Iran is getting nukes” story be just that—a story, an excuse—to ratchet up public opinion in the West, so the banksters can tell Obama to force Iran back onto petro-dollars or it will be destroyed?
Jump quickly back to Iraq. In 2000, Iraq starts conducting oil business outside the petro-dollar system. In 2001, we have the “terror attack” of 9/11 and Iraq is immediately linked to the terrorists. The claim is weak and has troubling gaining traction. What happens next? In 2002, Bush starts his anti-Iraq chest-beating tour because—suddenly—there are reports of WMD within Iraq. Unfortunately, the public buys this tall tale and by 2003, America is in Iraq.
Isn’t this similar to what is happening now regarding Iran? Is the West and Israel really worried about a nuclear threat? Or is it that the banksters are pissed at Iran for cutting into their profits and they mean to make them pay, one way or the other?
But what does this have to do with global bank layoffs and contractions?
Well, in defiance of all the chest-beating, the countries doing oil deals outside the petro-dollar system are still doing oil deals outside the petro-dollar system. And apparently they mean to keep doing them because Russia has stepped in and said it will protect Iran.
By the way, if you didn’t know, the Russian debt owed to the Rothschild web of banks is paid in full. Russia is now ranked third in the world, behind Japan and China, as they possess approximately $277 billion in reserves. By contrast, we owe $16 trillion.
So, are we seeing the world’s largest banks contract and layoff people all over the world because of bad economic times? Or, could it be that much of the world has decided that it is time to close the books on the banksters? Perhaps it is only horrific economic times in Europe and America—countries controlled by the banksters. After all, China, Japan and Russia have money. Europe doesn’t. We don’t.
Could it be that the bailouts here in America were a scam—a theft perpetrated by our lawless federal government — to take our money and give it to the banksters because they are feeling the squeeze? Perhaps the endless banking scandals are the result of the banksters perpetrating fraud because they are desperate for cash. Could it be that there is a movement—official or unofficial—by non-Western societies to hurt the balance sheets of the banksters to bring them down?
Think about it. To stay in control the banksters need just two things. They need debt as money (the federal reserve note, our dollar) and they need everyone using it. They control the Federal Reserve so printing money, that is, “reserve notes” is a snap. But what good is the ability to print debt-dollars if no one is going to use them? You also need demand.
As for world demand for the debt-dollar, that is what the petro-dollar system was designed to do—make the world use “dollars” to sell and buy oil—create an artificial demand. And if anyone rejects it, like Iraq and Libya, then the banksters use the US military to remind these forgetful folks of the importance of petro-dollar transactions.
But if that demand falls off, where can they go? They really can’t turn here. They just robbed us. That is what the “financial crisis” was all about. And because the banksters and the politicians that they own have destroyed our economy as well as our retirement accounts, it will take decades for that wealth to be re-acquired – if it ever is. No, from a bankster’s perspective, America is just about used up.
So, if the outside world knows the American peasants have been plucked clean, then they also know it is now their money the banksters seek. And if they realize this and they want to stop it, then it makes sense to not do petro-dollar transactions, regardless of the threats.
So what do you think–just how deep is this rabbit hole?
Is rejecting the petro-dollar really a movement, organized or not, to rid the world of the tyrannical behavior from elite banking families like Rothschild, Rockefeller, Morgan, Soros and their lesser known associates? We know Russia paid Rothschild in full, wiped their hands clean and walked away. Putin has bad-mouthed the NWO in numerous speeches. He has also said he will step in to protect Iran if necessary. Additionally, if you read between the lines or if you can escape the propaganda bubble, you’ll discover much of the griping in the Middle East is directed at Zionists, not Jews. They are different. Could it be that much more of the world than we know is actually against the NWO — or at least against the banksters promoting it?
Could it be that folks in Asia or Russia actually know what is going on and are taking action, while you and I and all the American peasants sit on our hands and look through the wrong end of the telescope? How embarrassing would that be?
Might our country ultimately be saved then, not by its flabby, selfish, ignorant and unmotivated citizens, but by an outside world that has decided to do what America will not—save itself. We, as a people, were given the Constitution, the stated right to confront tyranny and remove traitors, and yet, we fail again and again and again to use it. How else do you explain the freedom of Bush, Clinton, Obama, Boehner, McCain, Reid, Pelosi and every other political scoundrel, when we all know they really should be jailed for treason? Unfortunately, it seems the modern American would rather carry a “Don’t Tread On Me” flag than do some actual treading upon. Sadly, to the rest of the world, we probably look pretty foolish.
Even more bizarre, could America’s salvation from bankster and political corruption actually come from countries—China, Russia, Iran, etc. — that we have been indoctrinated to demonize? Could wonderland be this strange?
Clearly, the bank contractions and layoffs are just a sign of tough times.