Bix Weir – Reuters
Mon, Oct 27, 2014
Subject: Deutsche Bank Quarterly Plunder Reports Due
So here’s what we have to look forward to this week…
I have been warning everyone that the gold and silver derivative markets were being “set blaze” for the last few months and that the backrooms of these major participants (Deutsche Bank, JP Morgan, Citibank, HSBC, et al) are being gutted. These banks are not long for this world.
News coming out this weekend that a MAJOR, MAJOR player in this “Mafia-Like” banking cabal has been found dead in the midst of the chaos.
Check this out:
Deutsche Bank Lawyer Found Dead by Suicide in New York
(Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday.
Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police.
Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death.
He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over allegations they manipulated the Libor benchmark interest rate as well as currency markets.
Gambino was also an associate at a private law firm and a regulatory enforcement lawyer between 1997 and 1999, the Journal said, citing Gambino’s LinkedIn profile and conference biographies.
Yes – this likely part of the Gambino crime family is knee deep in gold and silver derivatives…surprise! The Gambino family found out long ago that a life of crime in the Stock Market is much cleaner and much easier than the ways of their ancestors!
The “Good Guy run” Zerohedge (of course) put two and two together with the previous suicide of Deutsche Bank’s William Broeksmit back in January…
Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide
“Another exhibit released by Levin was an August 25, 2009 email from William Broeksmit to Anshu Jain, with a cc to Ramakrishna, where Broeksmit went into copious detail on exactly what the scheme, internally called MAPS, made possible for the bank and for its client, the Renaissance Technologies hedge fund.”
“Broeksmit goes on to say that most of Deutsche’s money from the scheme “is actually made by lending them specials that we have on inventory and they pay far above the regular rates for that.”
“Recall from around the time when the first DB banker hung himself: it was then that Elke Koenig, the president of Germany’s top financial regulator, Bafin, said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.”
“It remains to be seen if Calogero’s death was also related to precious metals rigging although it certainly would not be surprising. What is surprising, is that slowly things are starting to fall apart at the one bank which as we won’t tire of highlighting, has a bigger pyramid of notional derivatives on its balance sheet than even JPMorgan, amounting to 20 times more than the GDP of Germany itself, and where if any internal investigation ever goes to the very top, then Europe itself, and thus the world, would be in jeopardy.”
So here’s what we have to look forward to next week…
– Breaking stories of the largest derivative holder in the world, Deutsche Bank, having derivative problems in their quarterly report to be released on the 29th.
– News over the weekend of at least two newly suicided banksters that dealt in complicated derivative transactions…potentially more on the way.
– Ebola outbreaks in New York City as fear spreads throughout the subway every time someone sneezes.
– The long term manipulation of the stock market bubbling up to it’s all time highs.
– With physical Gold and Silver demand at ALL TIME HIGHS the manipulated prices are at 5 year lows…
What could go wrong?!
Strap in my friends.
May the Road you choose be the Right Road.
PS – Hundreds of trillions in derivative transactions going sideways might sound bad for the Banks but it’s 100x worse for the Average Joe who saved his whole life and put his money into their system for retirement. Sean and I have tried to spread the truth and we are closing in on 200,000 views of this explosive interview…
The Shocking Truth the History Channel Can’t Tell You!