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More Banker Deaths??????????
Last comment by sebekm 1 month ago.

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It’s become a health hazard to be a banker. What evil lurks beneath the pile of bodies?

In growing numbers, the bodies of bankers are piling up in the streets — at least eight global financial types in recent weeks (and five others in the past year).

And a financial reporter for The Wall Street Journal walked out of his house and mysteriously hasn’t been seen or heard from in weeks.

So what gives? Three of the bankers worked for JPMorgan.

One worked for Deutsche Bank AG. Others for companies not so prominent, i.e., not “too big to fail,” but possibly implicated in one or more of the number of investigations being undertaken in FOREX fraud and the LIBOR scandal.

Maybe they uncovered something they shouldn’t have.

Maybe they knew too much to begin with.

Some of the “suicides” have been deemed “suspicious.”

Did they suddenly feel remorse for screwing over their depositors so badly?

Or, possibly, they realized that the global financial crash that is coming will be bigger than anything ever experienced and don’t want to have to experience it.

Li Junjie, 33, worked in JPMorgan’s Hong Kong headquarters. He jumped from the building’s roof last week as police tried to talk him down. His friends told police he had been experiencing work-related stress.

“The pressure of front-line sales and trading jobs has spread through to formerly calm back offices, where trades are checked to ensure compliance with regulations. Adding to those pressures, banks see their back offices as a cost, rather than as revenue generating.

The pressure intensified after New York state’s top financial regulator, Benjamin Lawsky, demanded documents from over a dozen banks in a probe of trading practices in the US$5.3 trillion a day foreign exchange market.

Manipulation of the benchmark Libor interbank lending rate has led to dozens of traders being fired and penalties topping US$6 billion,” reports South China Morning Post.

But Junjiee had recently bought a HK$5.5 million apartment and planned a trip to Toronto where he had once held a job at Royal Bank of Canada.

Gabriel Magee, 39, a vice president for JPMorgan’s corporate and investment bank technology department, worked in the bank’s European Headquarters in London. He fell from that 33-story building’s roof on Jan. 27. His parents say he had recently been given permission to work four days a week, was in a happy relationship with his girlfriend and talking about planning a family. They say there is no reason for him to have been on the roof.

Ryan Henry Crane, 37, was an executive director of JPMorgan’s unit that trades blocks of stocks for clients. He was found dead in his Stamford, Conn., home on Feb. 3, but no details have been released. A spokeswoman for the State’s chief medical examiner’s office said a cause of death will be determined when a toxicology report is completed sometime in March. There are reports that Crane oversaw all the trade platforms and worked closely with Magee and would have had access to the same information.

William Broeksmit, 58, was a retired Deutsche Bank senior manager and was found in his house hanged. He had worked in investment banking — specifically risk and securities — and lived in an exclusive neighborhood in South Kensington. Broeksmit was said to be close to co-chief executive Anshu Jain and had worked rescue the bank in the wake of the 2008 financial crisis. A plan to promote him to the bank’s management board was scuttled by German financial regulators in 2012.

Mike Dueker, 50, was a chief economist at Russell Investments. He was found off the side of a highway leading to the Tacoma Narrows Bridge in Washington. Police believe he climbed a fence and jumped down a 40- to 50-foot embankment. They are calling his death a suicide.

He formerly worked for the Federal Reserve where he developed a business cycle index that forecast economic performance.

Richard Talley, 57, a former investment banker with Drexel Burnham Lambert and the founder of American Title Services in Centennial, Colo., was found dead Feb. 3 with eight nail gun wounds to his torso and head. Police ruled his death a suicide. His company was under investigation at the time of his death. But what would possess a man to shoot himself eight times with a nail gun? There are a lot of less painful ways for someone to off himself.

Karl Slym, the 51-year-old director managing director of Tata Motors, was found dead after a fall from a Bangkok hotel. Police found a 3-page “suicide note” but later determined it was written by his wife, Sally. Tata Motors is said to be dealing with a slowdown and Slym was responsible for charting the company’s strategy in the Indian market.

Tim Dickenson, a U.K.-based communications director at Swiss Re AG, died in January. There has been little published about Dickenson, his death or its circumstances.

Others who have died by suicide or other suspicious means include ABC Verlag CEO Daniel Eicher (June 2013),

Swisscom CEO Carsten Schloter (August 2013),

Bank of America Intern Moritz Erhardt (August 2013),

Zurich Insurance Group AG CFO Pierre Wauthier (August 2013)

and Wall Street hedge fund executive Robert Wilson (December 2013).

Finally, reporter David Bird of the WSJ, who covers the commodities market (which is under investigation by the Senate’s Permanent Subcommittee on Investigations), left his New Jersey home on Jan. 11 and never returned. The 55-year-old told his wife he was going for a walk, but left without medicine he’s required to take daily as a result of a liver transplant.

On Feb. 17, three former Barclays employees suspected in the manipulation of the LIBOR global benchmark interest rate were charged in Britain. The conspiracy allegedly took place between 2005 and 2007. Three people had already been charged and British prosecutors are said to have identified as many 22 co-conspirators.

On Jan. 30, former Harvard economics professor Terry Burnham announced on PBS that he had withdrawn all but $10,000 of the $1 million he had in a checking account at Bank of America because he feared bank runs because of the Fed policies of Ben Bernanke and Janet Yellen.

Burnham writes:
Why do I risk starting a run on Bank of America by withdrawing my money and presuming that many fellow depositors will read this and rush to withdraw too? Because they pay me zero interest. Thus, even an infinitesimal chance Bank of America will not repay me in full, whenever I ask, switches the cost-benefit conclusion from stay to flee.

He rightfully points out that when the Fed intervenes in markets, it has two effects.

First, it decreases wealth by distorting markets and causing bad investment decisions. And second, the members of the Fed become reverse Robin Hoods as they take from the poor (and unsophisticated) investors and give to the rich (and politically connected).

That this idea and that hints of a coming bank run are making mainstream news should be a clarion call warning signal to anyone with money in the bank.

Think there aren’t any troubles on the economic horizon?

Think again. Banks are instituting greater exchange controls.

In recent days, bank runs have occurred in Thailand, Kazakhstan and Argentina.

China is quietly selling off its U.S Treasuries.

The level of bad loans in Spain has risen to an all-time high.

Last week, the EU announced via Reuters that it was looking at confiscating the savings of 500 million citizens to fund long-term investments and boost the economy.

“But my bank account is protected by the FDIC,” you protest.

To which I say, “Ha!” The Federal Deposit Insurance Corp. has only $40.8 billion on account while insuring trillions of dollars. And you may not know this, but banks don’t hold all the money they supposedly have as assets.

Study fractional reserve banking. Banks lend out $10 for $1 in asset they hold, and most of what they do hold are not even worthless strips of fiat. They are simply electronic blips.

So when depositors line up to demand their money, only the first few get any before the banks run out of cash.

President Barack Obama’s MyRA scheme is a scam to try and prop up U.S. Treasuries.

The regime already has its eye on $19 trillion in personal retirement accounts in order to cover its almost $18 trillion in “debt.”

Anyone who still has money in the bank beyond what is needed to pay the bills is a fool.

The banking system under the Federal Reserve is nothing more than a Ponzi scheme and a racket.

To protect yourself, you should have silver (pre-1965 U.S. coins) and gold in your possession. Buy guns and ammo, heirloom, non-GMO seeds, and land in the country. The financial calamity that I and others have predicted is drawing ever nigh.

23 7

Timeontarget copied this article from today's Personal Liberty Digest.


Latest Activity: Feb 24, 2014 at 5:57 AM


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timeontarget commented on Monday, Feb 24, 2014 at 06:01 AM

This article is from Bob Livingston and PERSONAL LIBERTY DIGEST.

JimmyMack commented on Monday, Feb 24, 2014 at 11:03 AM

Yes Tot...the End is near as you have so assiduously warned us daily. Who woulda thunk it would have all come down to pennies and dimes?!

This will make you happy Tot: Rather than wait on the Apocalypse, I, JimmyMack, am going to jump off of my roof on the next Friday the 13th.

I'm not sure if the jump will kill me, but it more than likely inflict enough damage to my body to prevent me from coming here and posting Blogs.

So...it's a win-win sitgeeeaation for ya.

sebekm commented on Monday, Feb 24, 2014 at 16:16 PM

It may be that the bankers who are facing personal financial ruin (ala people like Madoff - who wasn't really a banker but a financial type) are choosing the "easier way out" than prosecution and jail time with "shawshank-type" cellmates.

I have been particularly watchful of our local banks - especially after reading about the issues with the Heritage Bank in recent years. I now trust USAA in San Antonio, TX with nearly all of my banking needs, and only maintain a local bank account for times when I have to write a check locally to some outfit (like the tax man) who won't take an out-of-state check. I have an account at the Heritage Bank in which I've chosen to keep an average balance of under THREE BUCKS. This minimizes the amount of money I'll have tied up there if/when the FDIC slaps a padlock on their door and freezes accounts.

timeontarget commented on Tuesday, Feb 25, 2014 at 05:46 AM

“But my bank account is protected by the FDIC,” you protest.

To which I say, “Ha!” The Federal Deposit Insurance Corp. has only $40.8 billion on account while insuring trillions of dollars. And you may not know this, but banks don’t hold all the money they supposedly have as assets.

The reason that the FDIC ceased closing down banks which were overextended about 3 or 4 years ago was because they(FDIC) did not have enough in reserve to cover the potential lose in weakened banks.

JimmyMack commented on Tuesday, Feb 25, 2014 at 11:12 AM

Sooooo.....what or where do we put our money....CD's?...money market?

What $$ I got is in the Heritage.

Would appreciate your comment TOT. I will afford you this opportunity to bitch slap me...or...offer advice.

I am aware of where I may can put it.

sebekm commented on Wednesday, Feb 26, 2014 at 16:14 PM

My suggestion is to just NOT keep a large amount of money in the Heritage Bank. Things have been going downhill there for quite awhile. From issues with the bank president to reported problems with the books, the FDIC "watch list," closing branches, and all the rest. I've got a bad feeling about that outfit - but not as bad a feeling as I have about one of their competitors:

When I first got here in 1981, I opened an account at The Coastal Bank. When I mentioned this in a conversation with some of the office' attorneys at a social function, the consensus was "good move," as they relayed some of their "Hinesville Bank" difficulties. However, I wound up changing banks anyway less than two years later when Coastal deposited more than 800 bucks in my account that wasn't mine. I tried to tell them this for months, and they insisted that I was wrong and that their "records" showed that I had deposited the money. I said "fine," and withdrew the erroneous amount and opened an account with it at The Hinesville Bank. I left a couple of bucks in the Coastal account just to keep it open. Sure enough, the SOBs discovered their error a few months later and I was flooded with letters and phone calls demanding "their" money back. I let 'em stew for awhile - I initially told them that I had them "on the record" as saying the money was MINE. But I knew otherwise - so after a few days I gave them the money back and closed my Coastal Bank account.

The moral of that story? Perhaps the people who don't trust banks aren't so wrong after all. Hear to tell that Sean Connery puts his money in his mattress. That might be safer than some of the banking "institutions" around here.

timeontarget commented on Thursday, Feb 27, 2014 at 07:37 AM

Wayne Allen Root has a follow up of this subject in today's Personal Liberty Digest.

The trials of our two local hometown banks are no different than many banks all across the country.

I personally think there is a fast approaching collapse of Wall Street.

sebekm, thanks for your usual fair and balanced commentary.

I hope I am wrong.

sebekm commented on Friday, Feb 28, 2014 at 22:42 PM

I do, too.

sebekm commented on Friday, Mar 14, 2014 at 14:10 PM

..and another one bites the dust. This article also contains the list of recent suicides:

http://nypost.com/2014/03/12/trader-t...


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