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ELECTRONIC HACK ATTACK WORLD BANKING HEIST: $81 MILLION

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new logoChuck Frank
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On March 12, 2016 in one of my recent articles titled “Going Cashless”, I warned the public about a world that is about to fall off the deep end using digital currency in place of the traditional money system. Three days later a gigantic cyber theft took place and by May 1 , 2016 the New York Times dropped the bombshell stating that not only did the Federal 59203_518492681544067_1036204037_nReserve Bank of New York get hacked for millions by an anonymous group, but so did the Central Bank of Bangladesh which lost a cool $81 million. “The money was then transferred to accounts in the Philippines into the Philippine casino system, which is exempt from many of the country’s anti-money-laundering requirements.”

Now if that doesn’t take all, then I will pop the question. Seeing that sinister hacking can now be done by stealthy wizards who have sophisticated talents and skills, then where does that leave the rest of the world and us who may one day open up our online banking account to see that our digital currency has somehow magically disappeared into thin air? In today’s world, just how safe is our money? It’s not!

These anonymous money changers somehow gained access to a “super secure” international messaging system and a “highly trusted” international company called Swift which is a global financial behemoth servicing 11,000 users worldwide digitally, which includes banks and corporations.

The chairman of Swift, who is also a senior executive at Citigroup “declined to comment” on the recent financial fiasco. Take a bow Citibank AKA, Casino Royale which was partially bailed out during the 2008 financial meltdown with a “federal aid” rescue package, compliments of the taxpayers. How is it the the taxpayers and shareholders get tapped every time big banks gamble and lose?. Also, 2008 was an instant replay of the 1933 depression era when President Roosevelt closed down all of the reckless banks that gambled with the depositors money and used a “bank holiday” to extract all of their savings to shore up that present and corrupt system.

Besides the potential for hackers who can operate under the radar, the world financial community is already in dire straits when considering that banks are never too big to fail as was already witnessed back during the 2008 meltdown. Given that analysis, it is time to prepare for a world financial system that has the potential to fall apart because multi-billion dollar global banks are for the most part inter-connected with each other and if there is a crack in the dam an unstoppable flood will surely transpire.

NEVER MIND AUDITING THE FED: IT’S TIME FOR A CRIMINAL INVESTIGATION

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Liberty News Online 04-03-2010 6:20 pm – John Wallace
The Federal Reserve has recently and very reluctently released details of its unlawful purchase of certain securities in order to help JP Morgan Chase takeover the Wall Street brokerage firm of Bear Stearns. Unfortunately for the Federal Reserve, this was a violation of federal law, as the Fed is not authorized to purchase anything other than securities that are backed by the full faith and credit of The United States.

Here is some basic information about three organizations that were created as part of the criminal scheme to defraud Americans that could also be considered part of a larger pattern of racketeering activity:

MAIDEN LANE LLC

Maiden Lane LLC is the first holding company bearing the name that was created when JPMorgan Chase took over Bear Stearns in early 2008. It holds an asset portfolio that JPMorgan found too risky to assume in whole, and consequently the Federal Reserve Bank of New York extended a $30 billion credit line to the limited liability company to facilitate the unwinding of these assets over time. Bloomberg, citing Bank of America analysts, reported on October 2, 2008, that the Federal Reserve might stand to lose $2 to $6 billion on the asset porfolio. A November 6, 2008, update by the Federal Reserve showed that the fair value of the assets was at $26.8 billion, meaning a book loss of $2 billion for the Federal Reserve. More

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