BNL, P-2 & the Gnomes of Zurich

(excerpted from Chapter 14: Saddam’s Banker in Atlanta: Big Oil & Their Bankers…)

Banca Nacionale de Lavaro (BNL) had its US offices at the posh Peachtree Center in Atlanta.  From 1983-1989 BNL busied itself financing Saddam Hussein’s arms procurement efforts in tandem with the Iraqi Central Bank and Rafidain Bank of Iraq, which had numbered accounts at Bank of America, Bank of New York, Chase Manhattan and Manufacturers Hanover Trust. BNL’s clearing agent on all transactions was Morgan Guaranty Trust.

When Saddam defaulted on these US government-backed loans, the multinational corporations which benefited from BNL loans were paid in full, while US taxpayers were charged $347 million. [1]

Loyal to the Bank of America

(Excerpted from Chapter 6: Bank of Crooks & Criminals International: Big Oil & Their Bankers…)

The NSC was funneling arms to the Nicaraguan contras before Oliver North’s resupply network was operational.  US aid to Saudi Arabia was being forwarded to the contras via the Karachi, Pakistan-based Bank of Credit & Commerce International (BCCI). [1]

While House of Saud-bound money was being diverted towards the contras, one of BCCI’s biggest initial depositors was the Shah of Iran, whose Swiss BCCI accounts were bulging. 

The Federal Reserve Cartel: Part I: The Eight Families

(Part one of a five-part series excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers…)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths.  But their monopoly over the global economy does not end at the edge of the oil patch.

The Four Horsemen of Banking

(Excerpted from Chapter 18: The International Banksters: Big Oil & Their Bankers…)

If you want to know where the true power center of the world lies, follow the money – cui bono. According to Global Finance magazine, as of 2010 the world’s five biggest banks are all based in Rothschild fiefdoms UK and France.

Break Up the Four Horsemen of Banking

      Earlier this week Senate Republicans unanimously blocked floor debate on Senator Chris Dodd’s (D-CT) Banking Reform Bill in a 57-43 vote.  Perfect.  Now they are on record as the wholly owned subsidiaries of Wall Street we always knew they were.  Now is the time for House and Senate Democrats and the Obama Administration to up the ante.  They should go on the offensive, drag out the debate, put real teeth into this bill and continue to allow the Republicans to stand shoulder to shoulder with their banker pals.