Nut-job Conspiracy Theory Ping!
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Posted on 02/19/2014 4:06:26 PM PST by SeekAndFind
What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years. Secondly, most of these "suicides" seem to have come out of nowhere and were a total surprise to their families. Thirdly, three of the dead bankers worked for JP Morgan. Fourthly, several of these individuals were either involved in foreign exchange trading or the trading of derivatives in some way. So when "a foreign exchange trader" jumped to his death from the top of JP Morgan's Hong Kong headquarters this morning, that definitely raised my eyebrows. These dead bankers are starting to pile up, and something definitely stinks about this whole thing.
What would cause a young man that is making really good money to jump off of a 30 story building? The following is how the South China Morning Post described the dramatic suicide of 33-year-old Li Jie...
An investment banker at JP Morgan jumped to his death from the roof of the bank's headquarters in Central yesterday.
Witnesses said the man went to the roof of the 30-storey Chater House in the heart of Hong Kong's central business district and, despite attempts to talk him down, jumped to his death.
If this was just an isolated incident, nobody would really take notice.
But this is now the 7th suspicious banker death that we have witnessed in just the past few weeks...
- On January 26, former Deutsche Bank executive Broeksmit was found dead at his South Kensington home after police responded to reports of a man found hanging at a house. According to reports, Broeksmit had “close ties to co-chief executive Anshu Jain.”
- Gabriel Magee, a 39-year-old senior manager at JP Morgan’s European headquarters, jumped 500ft from the top of the bank’s headquarters in central London on January 27, landing on an adjacent 9 story roof.
- Mike Dueker, the chief economist at Russell Investments, fell down a 50 foot embankment in what police are describing as a suicide. He was reported missing on January 29 by friends, who said he had been “having problems at work.”
- Richard Talley, 57, founder of American Title Services in Centennial, Colorado, was also found dead earlier this month after apparently shooting himself with a nail gun.
- 37-year-old JP Morgan executive director Ryan Henry Crane died last week.
- Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, although the circumstances surrounding his death are still unknown.
So did all of those men actually kill themselves?
Well, there is reason to believe that at least some of those deaths may not have been suicides after all.
For example, before throwing himself off of JP Morgan's headquarters in London, Gabriel Magee had actually made plans for later that evening...
There was no indication Magee was going to kill himself at all. In fact, Magee’s girlfriend had received an email from him the night before saying he was finishing up work and would be home soon.
And 57-year-old Richard Talley was found "with eight nail gun wounds to his torso and head" in his own garage.
How in the world was he able to accomplish that?
Like I said, something really stinks about all of this.
Meanwhile, things continue to deteriorate financially around the globe. Just consider some of the things that have happened in the last 48 hours...
-According to the Bangkok Post, people are "stampeding to yank their deposits out of banks" in Thailand right now.
-Venezuela is coming apart at the seams. Just check out the photos in this article.
-The unemployment rate in South Africa is above 24 percent.
-Ukraine is on the verge of total collapse...
Three weeks of uneasy truce between the Ukrainian government and Western-oriented protesters ended Tuesday with an outburst of violence in which at least three people were killed, prompting a warning from authorities of a crackdown to restore order. Protesters outside the Ukrainian parliament hurled broken bricks and Molotov cocktails at police, who responded with stun grenades and rubber bullets.
-This week we learned that the level of bad loans in Spain has risen to a new all-time high of 13.6 percent.
-China is starting to quietly sell off U.S. debt. Already, Chinese U.S. Treasury holdings are down to their lowest level in almost a year.
-During the 4th quarter of 2013, U.S. consumer debt rose at the fastest pace since 2007.
-U.S. homebuilder confidence just experienced the largest one month decline ever recorded.
-George Soros has doubled his bet that the S&P 500 is going to crash. His total bet is now up to about $1,300,000,000.
For many more signs of financial trouble all over the planet, please see my previous article entitled "20 Signs That The Global Economic Crisis Is Starting To Catch Fire".
Could some of these deaths have something to do with this emerging financial crisis?
That is a very good question.
Once again, I will be the first one to admit that I simply do not know why so many bankers are dying.
But one thing is for certain - dead bankers don't talk.
Everyone knows that there is a massive amount of corruption in our banking system. If the truth about all of this corruption was to ever actually come out and justice was actually served, we would see a huge wave of very important people go to prison.
In addition, it is an open secret that Wall Street has been transformed into the largest casino in the history of the world over the past several decades. Our big banks have become more reckless than ever, and trillions of dollars are riding on the decisions that are being made every day. In such an environment, it is expected that you will be loyal to the firm that you work for and that you will keep your mouth shut about the secrets that you know.
In the final analysis, there is really not that much difference between how mobsters operate and how Wall Street operates.
If you cross the line, you may end up paying a very great price.
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
I'd say Alan Greenspan, ultimately. Banking used to be a pretty conservative, stale industry. But that changed when Greenspan was head of the Fed. While he was praised at the time for continuing to lower interest rates over the years, it made it more and more difficult for banks and others to make money on interest. The result of which is that they had to pursue riskier and riskier ways of getting a return. This also punished prudent behavior of the old bankers, and ushered in a new generation of psychopathic risk junkies. Instead of turning down people with bad credit for loans, subprime people became the most valued customers. And the subprime loans was tame, because they have been involved in a lot of illegal activities as well.
Eventually they ran out of subprime people, and crashed. But today's environment is worse for bankers than before. They escaped punishment for a lot of their illegal schemes, but that is ending as well. JP Morgan itself has been fined at least $20 billion dollars this last year for illegal schemes. And one of the schemes just coming out is FX fixing, which is where two of the deaths are. Right now the bankers are in a bad situation, because regulators are finally starting to prosecute and fine banks for their illegal schemes, yet interest rates remain low, so they can't make money honestly. They can't survive like this. Expect some big banks to finally go under in the next few years.
Dang. Good graphic didn’t post.
You can see it by copying this link to your address bar:
http://joeforamerica.wpengine.netdna-cdn.com/wp-content/uploads/2014/01/bank-run.png
Did Greenspan give classes on how to shoot yourself multiple times with a nail gun? He may be more talented than I thought.
Would people be getting shot with nailguns if business was doing well?
Came through loud and clear...thanks Nully.
If business were going well, they would be shooting themselves three times with a shotgun. Times are tough. Shells are expensive.
bookmark
They’d be doing back of the head, shotgun trick-shot suicides. Like the Clinton years. Good times, good times.
I have been watching these announcements and it is really odd. Looks a lot like the P2 ‘suicides’ decades ago
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