by The Money Doctor
The problem is that in their balance sheets the banks don't declare the aggregate money created in the fiscal year of reference. Thus the most important asset - the liquidity created - don't appear in the accounting books and this dissimulation let them pretend that while issuing money at need all the time... they get many 'losses'...
In Italy last month I was in three shareholders meeting of three banks (CARIGE, INTESA and UNICREDIT) and I argued that they have hidden 860 billions of euros created in 2013. My speeches are notarized but no newspaper reported about that...
The same happen in the U.S.: JPMorgan alone has hidden more than 738 billion USD in fiscal year 2013 - as I see from their statements ("loans").
This shadow money can't be taxed and is re-routed through international interbank clearing facilities, like Euroclear, Clearstream, and SWIFT in Europe.
This is the real BIG scandal awaiting to be disclosed. At two of UNICREDIT meetings I was able to have the Hon. Sibilia from the Italian party M5S (GRILLO's movement, they got 20% at European elections) confirming my analysis in front of the audience.
In Italy alone, the banks created more than 1,400 billion euros in the aggregate in 2013. This shadow money can then be employed to subvert governments, black ops, corruption, etc. etc.
This fraud in the books must be exposed as soon as possible, before WE ALL CAN SAY THAT IT IS AL BANKAEDA running the show !!!
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