HSBC has been caught laundering money and aiding criminals… AGAIN.
Is there a 3 strikes law for giant banks? Apparently not. This is the third time HSBC has been exposed blatantly breaking the law. Why even bother to hide your crimes when you’re too big too fail and much too big to jail. It’s the same for anyone with enough ties to a government that has become too big for justice.
On 9/23/2020’s show, David Knight reports, “We have a story on Infowars about how some of the world’s biggest banks help criminals and fraudsters move money around the globe. You may not think that’s news, and in a sense, it isn’t. Because HSBC has been caught with their hand in the till so many times.”
“First, they got caught laundering money for terrorist organizations and drug dealers, etc. El Chapo’s Sinaloa Cartel had their very own special money laundering window at HSBC. They had so much cash they literally had their own window,” comments Knight.
“Even though HSBC was found guilty of working and conspiring with criminals and all these dirty deals, even though they were caught and convicted, Eric Holder said they were too big to jail.”
“Holder said that ‘it’s not in anybody’s interest to shut down one of the largest banks in the world’. Because under Clinton they consolidated all the different banks. A major North Carolina bank, NationsBank, merged with a major California bank, Bank of America. They said at the time, if you put this through you’re going to have a consolidation and wind up with 4 or 5 gigantic banks, which we did.”
“The Clinton administration greased that through for his North Carolina banking friends, which set off a wave of mergers, and within 10 years we had the massive bank failures. This was accelerated by the fact that Clinton got rid of the Glass–Steagall act which had prohibited speculation by banks as a condition of federal deposit insurance. Both the Steagall act and the insurance were put in during the depression, they got rid of the speculation aspect but kept the insurance, then decided they were too big to fail.”
“I interviewed an HSBC whistleblower, Everett Stern, 6 or 7 years ago. When he was blowing the whistle it was the second time they’d been caught and convicted.”
“One of the things that Stern pointed out was when they were caught before, they were told that they were going to have to monitor for this and put systems in place to make sure it doesn’t happen again. He said they made sure to hire people who didn’t have any experience in monitoring for this. Unfortunately for them, he was interested in learning.”
“He found out that their system was looking for specific terms and would flag things if it found specific names of people or organizations like El Chapo or Sinaloa etc. So HSBC would insert a period or a space in the text files so it wouldn’t get flagged as a match. Then they hired a bunch of people who didn’t know or care about it, except for Everett Stern who exposed it.”
“Stern was at the center of it the second time they were caught, this is now the third time, this is what’s news about this. They keep on doing this, they do it all the time. HSBC, the Hong Kong and Shanghai Banking Corporation, has always been involved in the drug trade going back to the Chinese Opium Wars. They’ve been dirty since the beginning.”
“They’re one of the big banks and they’re not going to do anything to them despite the fact that their bank papers have now detailed TRILLIONS in dirty dealings.”
“HSBC is one of several banks at the center of this, because they’re always at the center of these crimes, and nothing ever happens to them.”
“Just like nothing ever happens to Comey or Clapper who lied under oath and violated the Constitution. Nothing ever happens to any of these criminals, they’re all too big to jail,” concluded Knight.
