High finance is not at all like what most people imagine it to be
Having spent a 25-year career as a financial and business journalist, I was very surprised indeed when I finally began to understand how high finance really works. Most people (including me for most of my career) thinks of serious people in pin-striped suits checking to make sure each comma in a document meets compliance standards when they imagine finance. The fact is that such people are merely technical servants. At the very top of the financial world (at least in the West) you find oligarchs and gangsters. In other words if you do not have serious protection in the way of goons and spies and gangsters, you are not going to last very long before you are killed and your money is seized.
People at the BIS (Bank for International Settlements) constantly have to deal with high level thugs of the worst sort if they want to do any transaction. Their rule is “leave your goons and guns at the door and come in alone if you want to do business with us.”
So, if you really want to understand high finance, just look at who controls the biggest group of goons. In other words, the people who run the CIA, MI6, the KGB, the Pentagon etc. are the people in charge of finance. All that stuff about compliance and ethics is for the servants. At the top, it is the law of the jungle that rules.
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