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NY Times: HSBC $2 B Settlement. Too Big to Indict December, 2012.

[Nary a mention of Gold nor Silver.] Too Big to Indict, December 11, 2012 (w/ 273 Comments)

[Note to DailyPaul Readers: Nary a mention of Gold nor Silver.]
HSBC $2 billion settlement, London UK.

NY Times Editorial: ~ It is a dark day for the rule of law. ~ Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system [the one w/ no Gold nor Silver]. They also have not charged any top HSBC banker in the case, though it boggles the mind that a bank could launder money as HSBC did without anyone in a position of authority making culpable decisions...

Related: HSBC to Pay $1.92 Billion to Settle Money Laundering Charges, December 11, 2012

Read All Comments (273):

Clearly, the government has bought into the notion that too big to fail is too big to jail. When prosecutors choose not to prosecute to the full extent of the law in a case as egregious as this, the law itself is diminished. The deterrence that comes from the threat of criminal prosecution is weakened, if not lost.

In the HSBC case, prosecutors may want the public to focus on the $1.92 billion settlement, which includes forfeiture of $1.26 billion and other penalties, as well as requirements to improve its internal controls and submit to the oversight of an outside monitor for the next five years. But even large financial settlements are small compared with the size of international major banks. More important, once criminal sanctions are considered off limits, penalties and forfeitures become just another cost of doing business, a risk factor to consider on the road to profits.

There is no doubt that the wrongdoing at HSBC was serious and pervasive...

--------------- Hong Kong Shanghai Sustainable Wars ---------------
For HSBC, being sustainable means managing our [opium & other] business across the world for the long term. That means achieving sustainable profits for our shareholders, building long-lasting relationships with customers, valuing our highly committed employees, respecting environmental limits and investing in communities.

Future First:

HSBC flagship education programme for disadvantaged children is Future First. ... This programme provides access to education for deprived and excluded children, whether on the streets, orphaned or in care.

--------------- Hong Kong Shanghai Opium Wars ---------------

Hong Kong Bank Corp., aka: HSBC ~ Flagship Bank Of Britain's Dope, Inc

It should come as no surprise that British banking giant HSBC was caught laundering money for drug cartels and terrorist groups. HSBC... is the kingpin bank of the global drug trade. A bank which, since its founding in 1865, has been devoted to financing drug crops and laundering the proceeds. HSBC is, in fact, one of the key controlling institutions of the global illicit drug cartel we call Dope, Inc. If you think that is an outlandish claim, consider the fact that EIR, through its book Dope, Inc., and in its affilicated War on Drugs magazine, published in the early 1980s by the National Anti-Drug Coalition, have made this charge for over 30 years, and have never been sued or challenged by the bank.

For years, when banks have been caught laundering drug money, they have claimed that they did not know, that they were but victims of sneaky drug dealers and a few corrupt employees. Nothing could be further from the truth. The truth is that a considerable portion of the global banking system is explicitly dedicated to handling the enormous volume of cash produced daily by dope traffickers. This banking apparatus is essential to the functioning of Dope, Inc.—without it, the drug cartels would quickly choke on their own cash.

Contrary to popular opinion, it is not “demand” from the world’s population which creates the mind destroying drug trade. Rather, it is the world financial oligarchy, looking for massive profits and the destruction of the minds of the population it is determined to dominate, which organized the drug trade... Dope, Inc.: Serving as the central bank of this global apparatus, is HSBC.The Bank of Opium: HSBC was founded in Hong Kong in 1865 as the Hong Kong and Shanghai Banking Company by a consortium of British opium, silk, and tea-trading companies which themselves were the spawn of the notorious British East India Company...

The opium trade began in the early 1700s as an official monopoly of the British East India Company, which conquered India, and ran it on behalf of the British Crown and the financiers operating through the City of London. Indian-grown opium became a key component in the trade for tea and silk in China. The East India Company ... ran into problems with the opium end of the trade. The influx of opium caused major problems for China, and led the Emperor to issue an edict in 1729 prohibiting opium consumption. Then, in 1757, the Emperor restricted all foreigners and foreign vessels to a trading area in the port city of Canton. A stronger edict in 1799 prohibited the importation and use of opium under penalty of death.

None of this stopped the British from continuing to flood China with opium... shifting its Chinese opium operations to nominally independent drug runners who bought opium legally from the East India Company in Calcutta, and smuggled it into China.....

... the British launched a propaganda campaign against China, accusing it of violating Britain’s right to “free trade.” Britain sent its fleet to China, to force the Chinese to capitulate to the opium trade. The ... First Opium War, resulted in the Treaty of Nanking in 1842, under which China not only capitulated to the opium trade, but also agreed to pay reparations to the opium runners and gave the British control of the island of Hong Kong. However, the treaty did not specifically legalize opium, so the British launched a second Opium War, which resulted in the 1856 Treaty of Tientsin, which legitimized the opium trade and opened China up to foreigners even more....Gold

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I had a credit card

With them that I decided to quit paying after reading "The Creature From Jekyll Island" and doing some other research on our banking system. My only regret is that the balance was nowhere near enough to mean anything to them.

Ron Paul convert from the Heart of Dixie

Too Big to Jail!!!


When Fascism goes to sleep, it checks under the bed for Ron Paul!

1933. Bankster was jailed for soiling 10 banks simultaneously!

1933. Bankster jailed for soiling 10 banks simultaneously! Required more cleaning than simply laundering. However, the bankster fit in one cell down at the pokey.

Time Magazine Business: Bankster Jailed Sept. 05, 1932

After ten weeks of stormy trial, Chicago's John Bain, 64-year-old founder of a chain of twelve small banks that failed at one crack last year (TIME, June 22, 1931), was last week convicted of conspiracy to defraud depositors. Scottish immigrant, onetime plumber, Bankster Bain had prospered in real estate, then branched into banking. Before the Depression, his Midas reputation spread widely among the clerks and laborers of Chicago's Southside districts. Unsound real estate promotions, wholesale juggling of assets among his various banks, whisked over his house of cards. When the banks crashed with...

Note from the publisher: Time Magazine content is available exclusively for TIME subscribers. [Whether you are a bankster or not, you must pay your dues.]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

When you own the printing presses $2B or $20B is irrelevant.

If these corrupt people are too big to jail, then make the jails bigger, especially for these looters.

The HongShang Gold Smuggling Outfit is a classic crime op

The HongShang Gold Smuggling Outfit is a classic crime operation. The Hongkong-Shanghai Banking Corporation (HSBC) was founded after the end of the second opium war. Its task was to handle the silver and gold paid by Chinese to buy British opium.

After WWII, the HongShang specialised in gold smuggling from out of Red China, as well as continuing the opium trade, this time laundering money INTO China in exchange for opium exported OUT of China from the hills of Yunnan.

Coming or going, HSBC has always made a killer profit on dirty money flows. That HSBC has manipulated paper gold prices is just another notch in their belt of evil.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Hong Kong & Shanghai: Special meaning for drug addicts & orphans

What is in you rear view mirror is history. Look where you are going!

Banking on drug addicts & orphans is our business. And we mean it! Here is our mean mission statement.

---------- Hong Kong Shanghai HSBC Sustaining Itself ----------
What we mean by Corporate Sustainability

At HSBC, sustainability means managing our business responsibly and sensitively, and ensuring we include social, economic and environmental factors in the decisions we make to ensure long-term business success. We believe it is our duty to our customers, investors and employees to foster an ethical, responsible and sustainable corporate philosophy. Our goal is to be one of the world’s leading brands in corporate sustainability.
Future First: Future First is HSBC's global education programme for street children,children in care and orphans.
We are a bank that means what we do best.

We leave "rain drops & roses" for others to sing about.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Isn't that sweet? Caring for present victims & future customers!

Awww. Isn't that sweeeeet? HSBC. Caring for present victims and future customers. Children orphaned by HSBC's drug pushers get taken care of by HSBC until they are old enough to rob and steal to OD on HSBC's drugs. That's what I call long-term planning, I gotta admit!

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Keep in mind...

How many banks were caught laundering drug money right here in the United States. Was anyone prosecuted in these cases? Of course not.



"When the people fear the government, there is tyranny. When the government fears the people, there is liberty."


Being of the tribe pays.

Luke 3:38
Isaiah 43:3-5

Another wake-up call.

Such laws only pertain to the slave class. Free yourselves from the bondage imposed by the master class. Reject their systems. The only way to win is by not playing. Your world is what YOU make it.

Two Tiered System

One for the elites and one for everyone else. This use to be the difference between the US and Europe.

This is what the Greeks and Italians understand; which is why they avoid paying taxes. They try to get as much as they can without paying for it. They realize that they are not free so what's the point... Might as well drink espresso and eat Biscotti all day.

Hmmm... where have I seen this before?

Oh yeah!... It was only a few months ago when Goldman Sachs was also let off the hook:



If men are good, you don't need government; if men are evil or ambivalent, you don't dare have one.

What the duck?

What the Duck? London, UK, December 12, 2012.

What the Duck? Huffington Post, December 12, 2012.

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

egapele's picture

So the more rich & powerful you are

then your chances of getting more rich & more powerful are pretty good.

Such a benign idea with such potentially horrific consequences for humanity.

The Dr. Evil School Of Economics

1. Build bomb
2. Steal money
3. Laugh maniacally

Be brave, be brave, the Myan pilot needs no aeroplane.