How The Biggest Banks Get Away With Fraud

Рет қаралды 1,994,792

2 жыл бұрын

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Sources:
www.adamseconomics.com/post/covid-19-exposes-gold-and-silver-price-manipulation
2deaa804a6dc693855a0-eba658c6bc03668a61900f643427d64d.ssl.cf1.rackcdn.com/Documents/product/velocityshares/prospectus/prospectus-velocityshares-energy_natural_gas.pdf
2deaa804a6dc693855a0-eba658c6bc03668a61900f643427d64d.ssl.cf1.rackcdn.com/Documents/product/velocityshares/prospectus/prospectus-velocityshares-us-volatility.pdf
www.cnbc.com/2018/02/07/credit-suisse-defends-controversial-xiv-etn-amid-market-turmoil.html
www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-ag-announces-the-reverse-split-of-its-ugaz-etns-201912.html*
youth-investment-group.com/2020/07/04/credit-suisse-set-to-delist-ugaz-and-dgaz-on-the-12th-of-july-here-is-everything-you-need-to-know/
www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-ag-announces-the-reverse-split-of-its-ugaz-etns-201912.html
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Пікірлер: 3 720

@iamscherzo 2 жыл бұрын

As a kid, you grow up thinking all these companies and people that run them, that dress and speak eloquently on tv, were the responsible individuals that earned their spots. But then you grow up and realize just how fucked up this world is. Now it's hard to take anyone seriously...

@brucelee1048 Жыл бұрын

Yeah, you are right. I started reading news about politics recently. So, my opinion now is most politicians are dumb or at least not smart at all.

@BartvandenDonk Жыл бұрын

@@brucelee1048 It is well known that "good" politians try to do good but at the end they are mengeld into the system.

@harpar1028 Жыл бұрын

@@brucelee1048 QUEEN THIEF

@fairfeatherfiend Жыл бұрын

35% of people are still good, according to the movie " Experimenter".

@Slinkwater Жыл бұрын

@@fairfeatherfiend 35% honestly feels like it'd be a good bet. I can totally see taking 100 randoms and MOST of the time at least 35 of them are truly logical, empathetic and not low-key morally bankrupt...

@midimusicforever 2 жыл бұрын

"The fines were nothing compared to the money they made" How surprising.

@MonguzTea 2 жыл бұрын

Its an actual business strategy. All banks do it.

@jimlopez5992 2 жыл бұрын

Just a cost of doing business. As long as it's profitable it's a good business.

@samuelcohen6545 2 жыл бұрын

@@MonguzTea It is so pathetic. Why can't we just fix our laws to make it so that the fines are like 15% more than the profit gained by fraud to disincentives it?

@kapilsharma320 2 жыл бұрын

@@samuelcohen6545 The Laws are made by Banks... They Sit on both sides of Table

@mcmarkmarkson7115 2 жыл бұрын

@@samuelcohen6545 Because the same people also control mainstream media and mainstream has us panicking every 5 seconds to something or other. Feaful people are easier to control.

@victorbellew3759 Жыл бұрын

My family banked at Wells Fargo in the 90’s and we all noticed that at random times our accounts would just have an extra two or three thousand dollars. It would disappear and never show up in the bank statements. I have no idea what was going on but my dad waited until the extra money showed up on an ATM receipt. He went into the lobby and closed his accounts and walked away with an extra $4,100! That was about a months wages for him at the time. Nobody from the bank ever called or mentioned the extra money.

@westcoast6162 Жыл бұрын

🤣

@dapple33 Жыл бұрын

These days they will come after you.

@karlburmeister1552 Жыл бұрын

@@dapple33 In this case it would have cost them more in legal fees to recoup.

@nexpro6118 Жыл бұрын

I was one if the victims of the, Wells Fargo multiple accounts scandal. The class action lawsuit paid me, 85 bucks lmao. There were so Many victims that even with the MASSIVE lawsuit settlement, only 85 bucks came my way ha

@macd7743 Жыл бұрын

@@nexpro6118 We know the world is corrupt and broken because in cases like yours penalties should be nothing short of fining the bank right out of business. Nothing else is acceptable.

@EmilyKresl 2 жыл бұрын

My mom told me back in the late 90s' ; "It's easier to steal $1 from a million people than it is to steal $1 million dollars from 1 person.."

@Sythemn 2 жыл бұрын

"The fines were nothing compared to what they made" - At that point it's effectively just another tax on doing "business".

@matthew8153 2 жыл бұрын

All by design.

@duta6388 2 жыл бұрын

Pretty sure fines are costed by most big corporations when the profits are worth the risk.

@Kenshi876 2 жыл бұрын

@@Jtzkb Bit extreme isn't it. Simply changing fines to be 50% of all profit should be more than enough.

@tjpokomo 2 жыл бұрын

@@Jtzkb Nah man, it's the system we have to destroy, not the people. They only operate this way because the SYSTEM allows them to do so. focus on the cause of the evil. not the product of it

@arnowisp6244 2 жыл бұрын

@@Jtzkb Eat the banks! Eat the Banks!

@Mastermind12358 2 жыл бұрын

As someone from Iceland, don't ever trust your bank, and never ever, absolutely never trust anything someone who works for the bank tells you.

@GusdeHbg 2 жыл бұрын

that is my approach, I never trusted them.

@ichneumon2776 2 жыл бұрын

Anyone who has watched 'Inside Job' knows what these banks did to Iceland. Imagine ruining a country's economic system for your personal benefit.

@eriknielsen1849 2 жыл бұрын

The only contry in the world doing the right thing after the krash. Just a shame you fell for the CV scam and got most vaxinated

@DeRussellMasina 2 жыл бұрын

They are not your banker....they are the banks banker....thsts why their job title has the word BANK in it 😂😂😂

@JonatasAdoM 2 жыл бұрын

Don't trust the person selling you anything, that usually goes a long way. An example would be when I saw a tablet being sold without the seal and suffice to say it was broken. The same store had a vendor say the Xbox 360 was the same as the Xbox One.

@pawarl.o.s.881 Жыл бұрын

There's a reason that banks and other financial institutions only ever see fines and never jail time to the people at the top. The fines barely count as a punishment.

@firesideshats Жыл бұрын

It's because they write the laws through lobbying man and they have made a two tiered justice system so white collar crime doesn't have really any punishment. Personally think exec and CEO should get life for fraud or death sentence depending on how bad.

@taramaforhaikido7272 Жыл бұрын

@@firesideshats Stop looking for someone to blame. Don't let people get away with shit. But get back at them by being smarter. Not spiteful.

@SKF108 Жыл бұрын

It’s just a cost of doing business. If I could make $100 by paying a $10 fine each time, why would I stop? Sounds like a good deal to me

@ti2218 Жыл бұрын

@@taramaforhaikido7272 how do you propose we do that?

@thedarkenigma3834 6 ай бұрын

Right, and no one should be feeding into this usurious monetary system. Don't pay your debts to the banks, if they come to take your stuff make sure you're armed. Use alternative currencies like Monero and local mutual credit/LETS. Once we go back to a sane world, we can sue them for everything they got.

@ToanTran-mm3uv Жыл бұрын

Years ago I got a loan from Barclays bank (around £2000) and after filling the forms out the bank staff adviced me to get insurance for the loan. She told me that if I didn't get insurance and I couldn't pay back the loan the bank would force my family (parents and siblings) to be held liable for it. Bearing in mind I had been with Barclays over 15 years and I never took a loan before and I'd always worked. I'm an electrician in England. Years later Banks(including Barclays) were found guilty by the UK government of force selling insurance to people.

@sf6555 2 жыл бұрын

What's amazing is that they probably got away with way worse nobody knows about

@feelmebeme 2 жыл бұрын

@@user-dw1zb3fh5n have a source on this to learn morep

@TheJupiteL 2 жыл бұрын

@@user-dw1zb3fh5n I have nothing on that, but having a look at stock and forex charts, they drop and raise prices just right to mitigate previous crises, i.e controlled damage.

@haraldbryn8319 2 жыл бұрын

Ever heard of naked shorting? Wes Christian estimates that $100 trillion dollars has been taken by financial institutions over the last 20 years using this method. You've never heard of it because even the DTCC is in on it, and the SEC won't talk or do anything about it. It's kinda funny, but if you go to Gary Gensler's(the current head of the SEC) twitter he is always bombarded with questions about naked shorting XD. Never adresses it though.

@yfiebach6348 2 жыл бұрын

@@haraldbryn8319 naked shorting was publicly realized when this Mac and game shit went down. Now investors are saying all the time NaKeD sHoRtInG when there risky investment goes down

@haraldbryn8319 2 жыл бұрын

@@yfiebach6348 When was it publically realized? What have the SEC done about the issue? If you have a source, I'd really like to know.

@shantanupednekar2344 2 жыл бұрын

When you have money, you can get away with a lot.

@HShango 2 жыл бұрын

Yep to an extent

@m4l490n 2 жыл бұрын

Indeed, there is such thing as being above the law, if you have enough money.

@phil2pips 2 жыл бұрын

Just ask bill gates

@prathameshdusane2619 2 жыл бұрын

When you create money, you can get away with anything.

@theondono 2 жыл бұрын

When your buddies work at the white house, making money is that easy

@hakimmustafa Жыл бұрын

Today is my first day coming across Coldfusion but it's addicting. These videos are so insane and to see the details of the companies, banks, scanners etc and how unethical and deceitful they are is just like WOW

@snooganslestat2030 Жыл бұрын

Yeah I discovered it a few months back & I think its interesting & easier to understand than some channels.

@williamyoung9401 11 ай бұрын

When you control all the money, you can do whatever you want.

@isskull7272 Жыл бұрын

I'm from Iceland. Lost everything when I was a kid. I wouldn't trust any bank for any reason. The only difference between the people in charge of the banks and criminals on the street is that the banks are untouchable and you won't find proper justice if they screw you over.

@blacklyfe5543 Жыл бұрын

Not if the government has anything to say about it

@mylom6636 2 жыл бұрын

Modern economics turned into the world's best casino where the banks are the house and we are the players.

@slakkes8174 2 жыл бұрын

Without the free drinks for us to keep playing…

@redlion145 2 жыл бұрын

@@slakkes8174 They both rely on people thinking they can beat the odds, while the house makes money on all bets.

@mcmarkmarkson7115 2 жыл бұрын

When you steal 1000$, but the police only want 10$ back.

@Alex-xh5dg 2 жыл бұрын

It's like the mafia paying the police a share for looking the other way but on a much larger scale.

@AmalDevYT 2 жыл бұрын

More like police wants 1$

@honeylemon2372 2 жыл бұрын

😂🤣😂

@KennTollens 2 жыл бұрын

Because they also get $100 behind the scenes.

@nunyabeeswax7111 2 жыл бұрын

it's called a bribe

@VitoDRF 2 жыл бұрын

Sad that WF wasn't shut down after the first one. Anyone I know that has had accounts with them (including myself at one time) has had some problems with them. They screwed my parents out of their house by cashing mortgage payments and then claiming they never received them. Did that for over two years and my parents ended up losing their house because they couldn't get anyone to help them fight WF in court over it.

@PLPCPLAPD Жыл бұрын

I'm at a point where I don't know anymore if I'm binging this type of content because I want to understand the world or because I like how the growing hopelessness hurts my soul

@accelerationquanta5816 11 ай бұрын

Political power grows out of the barrel of a gun.

@millenialmusings8451 4 ай бұрын

Just accept the fact that "Life" (with the capital L) was, is, and always will be, a scam. That's why I'm anti natalist.

@kod-s 2 жыл бұрын

Sometimes I feel that the entire world economy is built on the idea of infinitely delaying the payment of bills.

@Zyphera 2 жыл бұрын

in the end the combined time everyone have is finite. So in reality it's a wealth or time distribution of everyones time to a few benefitters.

@SergeantSarge 2 жыл бұрын

Absolutely. Look at climate change.

@lizexi7115 2 жыл бұрын

were living on borrowed time.

@AcidBombYT 2 жыл бұрын

Go look at a $1 bill, it is used for nothing but debt so yes your 100% correct. Money is nothing but a note that says it is literally worth nothing but debt and best part is when money is "issued" or created there is always interest. If we paid back our debt with every dollar in existence, we would be no where near paying it off, because of interest.

@lizexi7115 2 жыл бұрын

@@AcidBombYT money is a valuable thing because we believe in it. its an piece of paper that is in definition an i owe u. u burn it u go to jail

@XykcTepa 2 жыл бұрын

"Justice will be served over time..." That's the most hopelessly optimistic thing I heard all year. Still if I'm wrong, that will be great!

@shashankke250 2 жыл бұрын

Dam that's how our legal system is based on 😭🤔 😢

@TheGbelcher 2 жыл бұрын

Justice delayed is justice denied.

@shadoninja 2 жыл бұрын

Just look at the Sacklers. The entire public knows what they did with OxyContin, yet they got off with no jail time and no meaningful loss of the wealth they built by ruining the lives of millions of people.

@ceeo1948 2 жыл бұрын

Justice... there's a reason she's blindfolded.

@dr.elvis.h.christ 2 жыл бұрын

@@TheGbelcher It's the Just Us system.

@jamesbthejoke5614 Жыл бұрын

It’s gotten to the point where you just need to jail them, and take everything from them. Houses, cars, 401k, portfolios… everything. If we can jail people for multiple life sentences for murder, we should be able to do the same for huge financial crimes that will impoverish and drive innocent people to suicide.

@kevinchristison9242 2 жыл бұрын

I don't see many people jailed for fraud They buy their way out. Despicable and illegal conduct. Outrageous! Thanks for the tutorial!

@Bhodisatvas Жыл бұрын

Yet normal people go to jail stealing food to survive.

@keikosmith3856 Жыл бұрын

Our “JUSTICE SYSTEMS” are also “CORRUPT” !!! We are all under the “CORRUPT SYSTEMS” that they built from top to the bottom. We are all in slaves by these corrupt systems. ☠️☠️☠️

@jzdude01 Жыл бұрын

Or smoking weed to take the edge off of the 24/7 anxiety of living pychek to paycheck. Sometimes even more than anxiety… I always find it so depressing when I think abt the people who were jailed for smoking weed to keep suicidal thoughts manageable.

@uchicha666 2 жыл бұрын

"traded more gold that has ever been mined" the fact that they dared to approach such an absurd number is insane.

@markthompson4859 2 жыл бұрын

Worse, it's still being done...and touted on crypto and far right platforms as a 'means to secure your future' ... fear selling while at the same time robbing us blind using the very thing they want us to believe will protect us.

@jeffshackleford3152 2 жыл бұрын

To be fair, he may be referencing the financially settled gold and silver futures and not the physically deliverable gold and silver futures. I understand that he said "take physical delivery", but I am not sure if he realizes there are 2 different contract types. The financially settled one will clearly deviate, like most products that claim to track 1 to 1 with an underlying asset that are not directly backed by that asset 1 to 1.

@kutsumiru 2 жыл бұрын

In one day no less!

@gwho 2 жыл бұрын

this is retarded argument. trade volume can and often does exceed total supplly.

@stephenchurch1784 Жыл бұрын

This has been the case with gold ever since the Dutch invented fractional reserve banking in the 1500s. Outside of brief periods in time when gold rushes made the gold standard real, there has never been enough gold to settle contracts for gold since

@peterembranch5797 2 жыл бұрын

"The fines were nothing compared to the money they made": and there you have it in a nutshell.

@NoName-zn1sb 2 жыл бұрын

!!!

@pramilashaktawat4429 2 жыл бұрын

🟥SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE COLD FUSION

@gm2407 2 жыл бұрын

Unless the bank as an institution is liquidated and bankers spend life in prison nothing will stop these thieves. I dont see that happening so unlikely to see something stopping these fraudsters.

@loungelizard836 2 жыл бұрын

In a "Kurzgezagt"!

@NoNORADon911 2 жыл бұрын

Thanks Jews! :D

@tunnelvision3246 Жыл бұрын

Our epoch has come to an end after reaching its pinnacle. The recession and stock market crashes are affecting everything, not just FTX and 401Ks. My retirement equities portfolio, at $750K, is in the red. I'm constantly losing due to inflation. This world will crumble under its dictatorial rulers, just as Rome did. If you are thinking about retiring but are worried that your pension won't cover the rising cost of living, I apologize. Around the world, there are poor regulatory, economic, and energy policies as well as terrible foreign policies.

@graceocean8323 Жыл бұрын

I believe it's particularly challenging for those who have retired or are going to retire. Please accept my sincere apologies to anyone who retired during this time and lost everything as a result of an issue you weren't to responsible for, despite putting in all those years of work.

@champhallier8468 Жыл бұрын

Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your 401K, your stock portfolio, and hopefully REIts and Real Estate holdings. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost

@trazzpalmer3199 Жыл бұрын

Very true! I've been able to scale from $350K to $650K this red season because my Investment Advisor figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.

@trazzpalmer3199 Жыл бұрын

I've saved myself the bother that comes with a chaotic market. I can't handle my account because of my line of work, so I just copy Johanna Mussche's transactions, an investment advisor I observed on Bloomberg Business News. The best way to enter the market today is to do your homework, read up on it, take your time, and, if necessary, seek counsel. Everything then went without a hitch.

@hannahdonald9071 Жыл бұрын

This is great thanks. Could use the suggestion a lot. Looked up Johanna Mussche, I wrote her explaining my financial objectives.

@minh-tuanp1963 2 жыл бұрын

Great video, I really like these new videos you're coming out with, since these stuff are things every concerned citizen should know. "They were were caught doing fraud and fined hundreds of millions of dollars. That's just the cost of doing business." Great line there, really sums up the limitless greed these people have

@rivenraven1 2 жыл бұрын

When the bank pays a fine for fraud I assume that money doesn't go to the people who were actually defrauded. Does anyone know what happens to that money?

@volvo09 2 жыл бұрын

Yeah, the govt keeps it for their own use. Probably impossible to track down there it exactly went, but it did not go to anything useful.

@clintrichardsonclintfromny203 2 жыл бұрын

Sometimes the courts earmark a portion of the settlement to help those who have been harmed. The state of Virginia diverted 2 such awards that I know of to totally different uses.

@dark_fire_ice 2 жыл бұрын

These are not criminal cases, so every single person must file their own civil case against them, or create a class action suit

@philiphart4146 2 жыл бұрын

Right back into their pockets through bailouts.

@TESkyrimizer 2 жыл бұрын

Buying new uniforms for the Taliban

@DanyCesc83 2 жыл бұрын

As a former Personal Banker to one of the banks mentioned here back in 2012-14, I can tell you without a doubt that branch managers were the worst ones at pushing the boundaries of what's legal when it comes to opening accounts, your salary, employment, and how you we're treated were tied up to those performance numbers, but let's be honest here all sales positions are judged by your numbers but even tellers were pushed to open credit cards, accounts, it wasn't just the bankers lol. You were graded all the time and we had a lot of people quit because of the aggressive management style, and the branch managers got more heat from their superiors, the entire thing came from the top as far as committing fraud, If you disagree then you we're let go because of performance... unless you quit which is what I ended up doing because it wasn't right.

@jeffshackleford3152 2 жыл бұрын

What is a personal banker exactly?

@SunriseLAW 2 жыл бұрын

Yeah, I reported it all to DOL, SEC, and eve FBI in detail in 2011. Even gave them the actual emails we lowest level workers got from the 20 layers of management showing how it was completely top-down and the employees had no choice. They simply called local cops, made up a threat, and had me hauled from my house to jail. Meet me in the SWAT car on this 3wcom: GoodShipGinsburg .or. RisePatriot

@polecattgenetics6252 2 жыл бұрын

Does the bank actually profit from net/un/realized losses? Say, for example, you take a net loss & average down on a stock... The moment you make the loss real, does the bank get the profit? Sorry to be slighly off topic, but it's hard to get a legit answer for this.

@Mike-cd4qg Жыл бұрын

@@jeffshackleford3152 glorified sales man

@kokojambo4944 Жыл бұрын

ridiculous honestly. it frightens me how when businesses can turn so unbelievably evil when they get bigger. don't get me wrong, I seen plenty of shady shit from smaller companies (especially from owners who thought they were the shit while only making salaries of corpo junior managers pretending to be Bill gates) but when companies become public there comes a sense of anonymity and hiding behind a mask/role you fill in that company with the ONLY purpose of any company becoming profit maximisation. NOT the manufacture or provision of goods or services at the highest standard. I think this is a problem of anglo-saxon culture in general in the US, UK etc.

@pawesomiak9113 Жыл бұрын

Big props for the whistleblowr banker, it seems not all of the wall streets are "banksters" hiding in a shell of a "banker" supposed and expected to work in the boundaries of law. I'm afraid that he's "burnt" on wall street, by which i mean the chance of getting a job in any of the companies who're hiring people to do their dirty biddings. Luckly it's not over completely, even if he can't find a job there i bet that he could find some investors willing to trust him their money, so he could not only continue trading on stock market but also "show a middle finger" to the crooked banks which are surely going to make his job looking there a real hell. Back to the point, great job mate for reporting this type of scumbaggery to the authorities, i just wish that the initial outcome (rejection of accusations) would went better, but this just is now a perfect and solid argument for insinuating collusion between banks and federal financial institutions. My entire comment is only valid if your math on the job and research is 100% solid. I think it should be because otherwise you wouldn't want to make a fool of yourself if the conclusion was somehow not correct, but i don't see any reason that you'd risk your carrer and image with a made up story. I'll keep my thumbs up for you and your whistleblower case success since this type of almost systemic unjustice towards normal, typical people by some money hungry banksters. Cheers and best wishes from Poland

@redbard4300 Жыл бұрын

It's ridiculous that none of these corporations get punished, it feels freaking hopeless. Is there any update on this?

@dowhatsright2889 Жыл бұрын

How punished? By way of fines paid to the gov (BTW, which is in debt to the banks or other countries) or holding an individual(s) responsible and people serve pri-son time? The corporation will pass the cost to the consumer so the average public pays for their fraud no matter what. How much debt does the public/businesses owe to these banks? I am supposing a lot more with much higher inflation.

@Rays_Bad_Decisions 2 жыл бұрын

You should add context to the libor scandal. If Libor was not rigged the banks in the US would never have been too big to fail. It allowed the cover-up and overvaluation of banks that also commited massive mortgage fraud. 2008 would have been tiny if not for the libor scandal. It allowed banks to cook their own books

@maxguo1162 2 жыл бұрын

No more LIBOR in about 4 month from now (except USD).

@alecdavison1501 2 жыл бұрын

Holy cow.. one of my dads friends went to jail for this

@raystiles9506 2 жыл бұрын

if ColdFusion is New Thinking, then what's the New Thinking for "HOW" Bill Cosby release from prison on a technicality for date rape crimes and overturning his sexual assault conviction doesn’t make him less a Monster? #DylanFarrow #RonanFarrow The US Justice System is FUCKED UP!

@uk7769 2 жыл бұрын

@@raystiles9506 Voting: "The illusion of choice." - George Carlin -> The US Justice Department: "The illusion of justice." - Uncle Kenta

@king-radioactivelighting8803 2 жыл бұрын

It was done by a dude called Stephen Hayes.

@connecticutaggie 2 жыл бұрын

This seems to happen every time a new financial product is approved. The financial institution create them to have one goal - for them to make money. The modern way to do that in our current regulatory framework is to create a new financial product that is so complex that the regulators and investors can't find the secret until the banks have made their money while they are protected because it was an "approved" product - and hence the fraud was "legal". This feels a lot like a casino that creates flashy games that look attractive but where the house always wins.

@MohitMaheta 2 жыл бұрын

True wisdom is always found in the comments section.

@shimes424 2 жыл бұрын

Managers create wealth, laborers generate wealth

@CraftyF0X 2 жыл бұрын

I agree It very much seems to me that most of these "financial products" are are nothing but glorified gambling. The whole financial industry is unecessarily overgrown, a lot of time, energy and brainpower is wasted on these "games". Imagine we would do something actually useful with all those money and knowledge wasted on speculation and financial manouvering, which amounts to nothing more than basically gambling.

@hank_roberts 2 жыл бұрын

Behind every great fortune lies a great crime. -- Honore de Balzac ·

@Africanhorror 2 жыл бұрын

so basically all casino games

@muftah_nasy306 2 жыл бұрын

Man i love your videos, it's great to see your keep doing it. Your made a lot of progress. I love watching your reports and exquisite editing. Keep it up

@UllalPrajwal 2 жыл бұрын

We, in India, have few banks that have been doing a lot of unethical practices, and since decades, these have resulted in major 'scams', that are well documented, but still these banks thrive and are supposed to be the most reliable options.

@mananpatel6351 2 жыл бұрын

“Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world.” PS: I don’t know who said this quote originally. Feel free to comment if you know.

@joshuanida5457 2 жыл бұрын

According to the internet many people have said something along those lines. But apparently Bill Maher said it on his show once as well. Who knows

@pumpedupbro4200 2 жыл бұрын

Give man a woman and he will make kids out of her

@Assassin_Droid 2 жыл бұрын

This quote reminds me of rockefeller

@NoNORADon911 2 жыл бұрын

@@Assassin_Droid Oh thats ANTI SEMETIC!!!

@kevinsullivan1840 2 жыл бұрын

That quote from netflix series called Mr Robot

@GabsterPH 2 жыл бұрын

that crazy uncle who distrusts banks an buries his cash in his yard was right all along.

@Zyphera 2 жыл бұрын

unfortunate the banks destroys the value of the bills anyway.

@artysanmobile 2 жыл бұрын

Not really. There are numerous ways to save and invest safely.

@Armendicus 2 жыл бұрын

@@Zyphera yep.

@xlixity 2 жыл бұрын

There's a reason old timers distrusted the lovers of usury and their buildings. This is why banks invested so much on social engineering and brainwashing society into thinking "your money belongs at the bank". Do bankers keep their money in the bank though? Lolno. Invest in real estate, find government-approved scams to apply, and only purchase assets instead of liabilities.

@a2zistoolong448 Жыл бұрын

If you have enough to bury money...just buy a house or something. Buried money is wasted money...inflation is a thing

@abrahamalviarez5870 2 жыл бұрын

the music, the voice, the tales. This channel is magic, never change mrFusion!!

@timeistooshort2933 Жыл бұрын

It's so sad to say...with all those who are whistleblowering...the amount of need for greed by the financial system and banks will shift from one practice to another...greed has no moral obligation but to themselves

@scroopynooperz9051 2 жыл бұрын

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning" - Henry Ford The only reason bankers haven't all been rounded up and decapitated is because people have zero clue how it all works lol

@tp6335 2 жыл бұрын

There should be a death penalty not for people but for corporations

@MichelleHell 2 жыл бұрын

The Best Way to Rob a Bank is to Own One

@jmitterii2 2 жыл бұрын

Doesn't help that much of modern society has been fooled for decades in the guise of bullshit dogma, meaningless jingles like "free markets" or "deregulation" or "cut the red tape". Firstly, free market is as meaningless as saying go north of the north pole. Markets are neither free nor not free. Markets are the exchange of things upon agreed rules. All the mantra of free markets and deregulation and cut the red tape means is 1) Free markets: give up our participation in the making of the agreed upon rules. 2) Deregulation: give up your participation in the planning economic activity that would most benefit you and your fellow citizens. 3) Cut the red tape: Don't verify that we're fucking you in the ass after you've given up what little power in democracy you had. People bought into those narratives. From fat fuck Rush now bloated corpse of probably reeking to the consistency of Limburger cheese Limbaugh. And other dogma promoters of the robber baron elites like the phony Milton Friedman who tainted his bullshit article that won him the In memory of Alfred Nobel Prize in Economics. To the rantings of a lunatic Ayn Rand. They ate up the bullshit with mouth gaping. And now complain the filth in their mouth is making them sick. Propaganda is a horrible thing. If only people kept themselves skeptical and always learning. Perhaps such dogmas wouldn't fester and putrefy. Now the same actors of the elites are again using time tested since antiquity of race, religion, and immigration to pit the masses against each other. "That turd salad that stinks in your mouth, it would taste more like mash potatoes and gravy if that purple guy over there wasn't giving you the wanna cuddle and snuggle wink! Beat his ass! And that turd will taste like raspberries, I promise!"

@caracrabtree715 2 жыл бұрын

Everyone has knowledge in the palm of their hand, but instead choose to watch tic to and Kardashians, sad days indeed.

@starliner2498 2 жыл бұрын

@@tripplefives1402 how about a nuclear apocalypse? That ought to tip the scales a bit right?

@williamlloyd3769 2 жыл бұрын

Wells Fargo self inflected fraud was a tragic. Additionally besides fake account fraud, they had a series of other issues related to regulatory compliance, overcharges, car loan insurance, etc. It seems like every EVP had an incentive to force their area of responsibility to cheat.

@eckosama 2 жыл бұрын

wells fargo is evil. thats pretty much the bottom line. they arent respectable, they just pretended to be. they didnt put their reputation at risk, they just showed their true colors at the expense of the reputation average citizens chose to believe. when you follow these companies closely, you can see the scams more easily. like how jp manipulated gold for years. we arent really sad about it, its just a thing that exists.

@sebastianjames7453 2 жыл бұрын

Wow l’ m just shock someone mentioned expert Mr William l thought I’ m the only one trading with him

@thomaseric8061 2 жыл бұрын

Who’s this professional everyone is talking about always see him post on top comment on every KZfaq video l watched

@emiliamichael3246 2 жыл бұрын

@Yvonne Maxwell Seeking for him contact details on WhatsApp 👇

@emiliamichael3246 2 жыл бұрын

+① ④⑦⑨ ③③⑨ ⑨④③③

@doragary3717 Жыл бұрын

Most people venture into investments to be a millionaire meanwhile I just want to be debt Free

@madiezancanellatl9205 Жыл бұрын

Just do the right thing by trading with an expert trust me you will be successful and debt free

@christianajoe8563 Жыл бұрын

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

@christopherhobb7702 Жыл бұрын

Starting early is the best way to getting ahead of build wealth, investing remains the priority

@popsarah7805 Жыл бұрын

Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

@popsarah7805 Жыл бұрын

Now is the best time to purchase and invest in Bitcoin stop proscastinating!

@Practicalinvestments Жыл бұрын

Liked the video because you actually had the link in the description like you said, so many youtubers just say that because it sounds nice and like “ohh yay hes giving credit” but do not actually do it, so thank you for actually putting the link in the description to your sources

@lxc647 2 жыл бұрын

Banks: commits fraud Government:finds out Banks:shares profit as "punishment" Government:ok you're good to go. If you're gonna commit a crime. You better make enough to share with the government.

@jamesbarker6373 2 жыл бұрын

Best comment!

@peterdavis9403 2 жыл бұрын

Banks: commits fraud Government: finds out Banks: kickback small part of profit as "punishment" Government: ok you're good to go.

@todoldtrafford 2 жыл бұрын

You know politicians own their stock

@henrykwieniawski7233 2 жыл бұрын

@@todoldtrafford Politicians are scums of the earth.

@jonnyc429 Жыл бұрын

That's similar to how a lot of cartels are able to operate in Mexico

@repawnd1 2 жыл бұрын

Please do a video on Blackrock and Vanguard.

@Stoneface_ 2 жыл бұрын

The two firms that run the world

@pramilashaktawat4429 2 жыл бұрын

🛑SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE COLD FUSION

@ewetn1 2 жыл бұрын

Agree!

@ReformationsGlassArt 2 жыл бұрын

kzfaq.infovideos

@camiloguzman1801 2 жыл бұрын

Where on the contracts of the ETN and ETF are the little devils on the details, that people didn't read? Why nobody read contracts, or the issuers are so shady than omit on purpouse mentioning what are the traps on this OTC contracts or products

@aracnagell 2 жыл бұрын

1) DON'T short sell an ETN simply because it is guaranteed to go down in the long term. If you short the ** out of it like the guy mentioned, you WILL GET WIPED OUT during a spike, which happens every once in a while. Leveraged ETNs like TVIX are notorious for wiping out short sellers. 2) Future contracts trading hundreds of times the volume of the underlying commodity is perfectly normal. "If everybody demanded delivery" situation applies without using future contracts too, when everybody goes to the spot market and buys that much physical gold right now. Instead, they just speculate on the price using those contracts. So having future contracts doesn't actually change the dynamics.

@vt8414 Жыл бұрын

Such a good video. I thought I knew about the financial collapse pretty well and still learned a bunch

@danielk348 2 жыл бұрын

As someone who is passionate about finance & investment funds this really does annoy me, but unfortunately we live in a corrupt world 🌎

@nicksmith6629 2 жыл бұрын

In a way, you just said you're passionate about corruption.

@Purpleturtlehurtler 2 жыл бұрын

@@nicksmith6629 you can't become ultra wealthy with a conscience.

@danielk348 2 жыл бұрын

@@nicksmith6629 no I've always been interested in how banking and finance works helping investors and normal clients make a profit, it's about being accountable with others finances and ensuring that customers are in a secure financial position. as an individual I cannot take down the large corporations who choose to dive into these corrupt practices.

@theondono 2 жыл бұрын

@@nicksmith6629 regulation brings corruption, corruption brings regulation. The circle of government!

@saikatbag3961 2 жыл бұрын

@@nicksmith6629Nice joke.

@roberte2945 2 жыл бұрын

"The very same financial institutions who we trust with our money ..." I don't trust them at all. I just don't have a choice but to deal with them.

@DJReachOfficial 2 жыл бұрын

Choose blockchain tech and you can opt out of their system.

@Tom-ku8bu 2 жыл бұрын

But Blockchain is also an system that works like everybody puts some money in one pod and who gets faster the money out wins some money. And the other will loose in the end.

@goldnutter412 2 жыл бұрын

@@Tom-ku8bu no

@marryshepard6463 Жыл бұрын

As a kid, you grow up thinking all of these companies and people that runs them, that dress and speaking eloquently on tv were serious, responsible individual that earned their spots. But then you grow up ad realize just how fucked up this world is. Now it's hard to take anyone seriously...

@strategic1710 5 ай бұрын

When you see enough of these it eventually dawns on you that it’s impossible to get beyond a certain degree of size, profitability, or power without committing some type of fraud, deceit, illegality, or otherwise shady practice.

@thephilosopher7173 2 жыл бұрын

Lets be real, the reason why the SEC is taking so long is because the ppl on the boards might have a buddy or two involved in these practices and don't wanna pull the trigger so fast. They'll keep playing these games if we don't start making it public discourse. #WallStreetBets

@Arterexius 2 жыл бұрын

That's certainly one way to look at it, although I'd be careful with flying those flags so soon into the investigation. I'd say its more likely they look at these cases the same way as they initially looked at Bernie Madoff until his Ponzi scheme fell apart. Initially nobody wanted to believe that Bernie was committing vast frauds. Not even when a guy singlehandedly uncovered it and attempted to get it stopped. It is not uncommon for the financial world to doubt whistleblowers as is evident in every single fraud or pyramid scheme ever exposed. The amount of trust required to make the financial sector run smoothly is probably the core reason as to why so many executives really don't want to believe a whistleblower as such an exposure also speaks volumes of their own abilities in placing trusts in specific individuals and institutions, which over time easily can lead to paranoia, which also damages the economy.

@NoName-zn1sb 2 жыл бұрын

@@thephilosopher7173 !!!

@Ren3gade 2 жыл бұрын

The Banks & Hedgies OWN the SEC, DOJ, FBI, and Mainstream Media. Endless Money = Endless Power.

@fRaWdResearch 2 жыл бұрын

Love this comment… I think you’re spot on

@fRaWdResearch 2 жыл бұрын

@@inverse2 yes they do… I have some great info to share… I’m the mean time look up Sean McKessy…

@tomripley5055 2 жыл бұрын

Intrigued to watch this episode, however, an episode on HSBC laundering money on behalf of the Mexican drug cartels would be amazing Mr Coldfusion. 🙏

@MarkLLawrence 2 жыл бұрын

Maybe that's why the HSBC ATMs are the easiest to use in Mexico while on vacation?

@arrw 2 жыл бұрын

There is an episode specifically about that on the Netflix documentary series "Dirty Money". It is Season 1, Episode 4. Titled: "Cartel Bank".

@gm2407 2 жыл бұрын

HSBC the 'World's local Syndicate'

@NoNORADon911 2 жыл бұрын

As long as we don't mention the Jay ish people...SHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

@NoNORADon911 2 жыл бұрын

@💋 Sweety Hotgirl • Vlogs s'WEJ own the Non Federal Reserve.

@HKashaf Жыл бұрын

This is an excellent content. Well done 👍

@vinnyvdalidemonet8527 2 жыл бұрын

This may seem like a dumb question? When these banks, corps, ceo's are "Fined" millions, Where does that $ go? Who benifits? What's the point? The information in these videos is awesome great job. Thank you for your time, effort & generosity sharing this valuable gift to society.

@futavadumnezo Жыл бұрын

You need to wake up. The Matrix movie wasn't about being asleep in some virtual reality machine, it was about how everyone is asleep and goes along with everything the system does and never question it.

@vinnyvdalidemonet8527 Жыл бұрын

@@futavadumnezo No Shit my friend. The matrix is a "movie" it is entertaining but it isn't fuckin real pal we dont live in a simulation we live in a hijacked reality! I was merely pointing out that any money in fines disappears

@cdreid9999 Жыл бұрын

it goes to either tbe agency fining them or the general fund

@vinnyvdalidemonet8527 Жыл бұрын

@@cdreid9999 That is the text book answer. What do they do with the millions/billions they receive? It surely doesn't benefit the people that are paying their salaries (agencies)or that have been victims of criminal or irresponsible acts? Whose General Fund? Really? C'mon! The question asked was intended for others to think🤔 I know exactly wtf goes on. Thanks for your time though.

@BulkBrogan. 2 жыл бұрын

*The Golden Rule* He who has the gold makes the rules

@zyansheep 2 жыл бұрын

He also needs some knowledge, but in general, yes.

@electronresonator8882 2 жыл бұрын

reverse of that, who makes the rule, left gold next to nothing for others

@jas_bataille 2 жыл бұрын

@@electronresonator8882 That's not a reverse, that's a double negative.

@jonasthemovie 2 жыл бұрын

I am sure "the big guy" will get his 10%. Some art will be bought, and that is the end of any DOJ investigation.

@Bradlongwood Жыл бұрын

I love these videos very informative and really therapeutic.

@F4Effort 2 жыл бұрын

“The fines they paid were just the cost of doing business, and it’s still happening today.” Wow. That stung.

@djp1234 2 жыл бұрын

Justice needs to be served in the form of jail time, and NOT a fine.

@anonymoushacker4456 2 жыл бұрын

U should definitely make a video about India's $23 billion 2g Scam

@zilknoah9011 2 жыл бұрын

An Awesome Video. Everyone needs more than than a Basic Income to be Financially Secured in this present time that there's an Economic Decline

@toralayous8500 2 жыл бұрын

I just struggled to make my first pro-fit of $ 5,800 from my trades and I can't wait to make more , been reading about investors that made as much as $ 380,000 in 2months and I'd really love to know how and what strategies could make me this much proceeds

@richardgoose695 2 жыл бұрын

Congrats , I know the feeling, Endeavor to be discipline

@amydannyson5644 2 жыл бұрын

Its great you study the basics before being overwhelmed by the accompanied fortune

@zilknoah9011 2 жыл бұрын

I understand your viewpoint , but i beg to differ , I started investing in 2019 and that same year I pulled a profit of about $ 65,000 profit with no prior investing experience , basically all i was doing was seeking guidance / advice from a broker , so you don't necessarily need to be a perfect investor , just have a professional assist you

@davidOmoL 2 жыл бұрын

@@zilknoah9011 How can someone know a professional trader that is trustworthy when legit ones are hard to find this days?

@JackPitmanNica Жыл бұрын

Coldfusion videos are some of the best videos on youtube, I don't have to even recognize the title to know I am going to enjoy the video, ColdFusion rocks!!

@Vladi_AK47 2 жыл бұрын

The more I get to know people, the more respect I have for dogs.

@OfficialGoldenboy 2 жыл бұрын

Because dogs give unconditional love no matter what !!

@muslimamerican4129 2 жыл бұрын

@@OfficialGoldenboy that's ridiculous lol just American and westerners pretending animals have complex emotions because thet society is perverted and sick

@naraendrareddy273 2 жыл бұрын

@@muslimamerican4129 Why? Asian (including middle eastern, south Asian and China and most east Asian countries), African, South American countries are just as fucked up.

@karlburmeister1552 Жыл бұрын

I used to wish I had the superpower of being able to read minds. Since Facebook and KZfaq I no longer wish for that. The average mind is not worth reading.

@sirbader1 Жыл бұрын

@@karlburmeister1552 Gotta remember, half of people are dumber than average.

@Sock1122 2 жыл бұрын

7:27 "The fines offered were nothing compared to the money that they made" This right here is the most concerning fraud in my opinion. Furthering moral hazard in our financial systems even more as powerful institutions know they face no real consequences for their actions

@monkieassasin 2 жыл бұрын

The politicians in both parties and media on both sides work on behalf of those institutions. They will never have real accountability. The system is designed this way intentionally. They are so successful at this, they were even able to convince some of the poorest Americans to vote for a multi-billionaire who is best friends with all of these bankers, and have them believe he was all about the "little guy."

@jzdude01 Жыл бұрын

Same thing happens in biotech, health insurance, or all insurance, and actually basically almost all businesses. As long as fines are less than profits, why should execs care abt breaking the law?

@JamesLewis2 2 жыл бұрын

That simplified example of leveraged and inverse ETNs does include a possibility (albeit an unlikely one) where the house would lose money: If the first two tosses were heads or the first two were tails, then after the second toss, one player would have $2250, the other would have $250, and the house would have -$500. Similarly, if the first five tosses have four heads and one tail, or four tails and one head, then one player would have $2531.25, the other would have $93.75, and the house would have -$625 (five heads or five tails in a row would be worse for the house, with $7593.75 for one player, $31.25 for the other, and the house at -$5625). With that said, as the number of coin-tosses approaches infinity, the proportion of patterns that result in a loss for the house approaches 0, and this is ultimately because 1.5*0.5

@criticality2056 Жыл бұрын

They don't go into why or how easy it is to see or that basic diligence would show the behavior. Seems to be excited over the mundane.

@jdblack7355 2 жыл бұрын

I love the cold fusion channel and its content.

@Durgenheim 2 жыл бұрын

It is truly astounding to me that these banks have grown so large, powerful, and beyond the control of any regulators and international governments. Even if they could be handed substantial penalties for their parasitic and dangerous actions, the ripple effects of such massive banks being truly taken to task would financially ruin normal people the world over.

@jacobmoore7198 2 жыл бұрын

Too big to fail

@Zyphera 2 жыл бұрын

The power of standing of others back.

@jeffshackleford3152 2 жыл бұрын

Regulators are there to make the masses feel comfortable, not to do anything about it. The best way to handle markets is to become educated yourself.

@rainchopper898 2 жыл бұрын

@Turtle1631991 2 жыл бұрын

Well then government can bail out people. Not banks.

@LudosErgoSum 2 жыл бұрын

Alternative title for this episode: WHEN BANKS BECOME THE CASINO

@oliverolover Жыл бұрын

5 stars, GREAT channel! Subscribed!

@GlennVandeuren 2 жыл бұрын

Wow, this has the best people didn't skip through the video score I ever seen!

@DAPH1918 2 жыл бұрын

Dagogo's content goes from strength to strength. Love this channel.

@georges.9545 2 жыл бұрын

These fraud investigation videos are the best. Thank you for this amazing content!

@jeremygibbs7342 2 жыл бұрын

Very well done. Thank you for sharing this, lord knows google won't!

@obeythehustle Жыл бұрын

Dude the amount of information you know is remarkable

@ladyreverie7027 2 жыл бұрын

This is an amazing expose. Makes me even more distrustful of banks than before!

@monkieassasin 2 жыл бұрын

Interesting. This account might be a bot, as the exact same message was typed on this very comment board by Doliio Volay.

@Ali-vs2wt Жыл бұрын

@@monkieassasin this is an amazing expose. Makes me even more distrustful of banks than before !

@pattiwillis-leake1686 Жыл бұрын

Banks always create new debt to sell to the public,I really wonder who creates inflation.

@pattiwillis-leake1686 Жыл бұрын

Sounds just like Goldmansachs mortgage scam during the housing crash.

@Kaar 2 жыл бұрын

The quality of these videos is ever increasing. Continue the excellent work!

@patrikwalterpersson2364 Жыл бұрын

Your the man Dagogo. Best documentaries on the planet. Keep up the good work.

@wlydellcoffer4151 Жыл бұрын

Very compelling content, thank you

@theflaggeddragon9472 2 жыл бұрын

Should've broken up the banks in '08 and reinstated Glass -Steagal!!

@oldmandoinghighkicksonlyin1368 2 жыл бұрын

You can thank Obama listening to Tim Geithner for that lack of justice and foresight. Though probably any president would've done the same to protect his donors before re-election.

@MrNeelthehulk 2 жыл бұрын

Preach brother !!

@pramilashaktawat4429 2 жыл бұрын

⬜SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE COLD FUSION

@dr.elvis.h.christ 2 жыл бұрын

Why break them up at all? They should have just let them all fail, along with automakers and all the other big corporations that got insane amounts of welfare.

@dr.elvis.h.christ 2 жыл бұрын

@Sherri T[A]P Me!! To Have [S]EX With Me That's exactly what is happening. They just keep kicking the can down the road as long as they have a good story they can sell the mindless citizens to justify it.

@TAPORZZ1 2 жыл бұрын

I've been watching your channel since the beginning (about 7 years I think - yeah, when the T in the name was present). You've always had quality content, but the production has improved so much over these last few years!

@brandonbozarth8095 Жыл бұрын

You have to update this episode with the latest fine the CFPB levied against Wells-Fargo last month. Thanks for the content!

@tqclergy6436 2 жыл бұрын

Another excellent content from ColdFusion!

@kein_indianer 2 жыл бұрын

Thank you for the awesome video. The regulators are a part of the problem and not the solution. I'm afraid the entire system is totally rotten.

@kein_indianer 2 жыл бұрын

@Cheryl Jensen I totally agree with you.

@JellyLancelot 2 жыл бұрын

OOOooooooOOO this looks like its gonna be a good one! Love the fraud investigation episodes

@RealStuntPanda 2 жыл бұрын

What I don't understand is why, when busted, the banks don't have to pay back all the money they stole plus a putative fee. It would be like if I robbed a bank for a million dollars but only had to pay back $100. That's not a fine, it's a cost of doing business, and tells me it's fine to go on robbing banks.

@RealStuntPanda 2 жыл бұрын

@Yummy Spaghetti Noodles Wait, I thought companies WERE people! The Supreme Corporate Court said so. But companies can't be incarcerated for their crimes so are they really? Yeah, nah, yeah.

@StepBaum 2 жыл бұрын

great video, 2nd one i watched now. Earned a sub!

@Bekayvd 2 жыл бұрын

God damn this is so enraging I'm almost crying. How in the hell is this even possible. Thanks for shedding light on these nauseating practices

@kayo5011 2 жыл бұрын

Capitalism. If u got enough money you can get away with everything

@97SEMTEX 2 жыл бұрын

Most of the Banking is just a way to take money off the working class and give it to the wealthy and they will constantly invent new ways to defraud the working people of the world. Instead of waiting and asking the Government nicely to step in and hold them to account (and give them a fine of less than 1% of what they made), we should start hanging them in front of Wall Street. These people are leeches on society and it's time to remove them.

@sympathiser_of_Germans_in_40s 2 жыл бұрын

If you think this is bad wait until you see the sht that they pulled which caused '08 crisis, watch the documentary "Inside job" it'll give you an excellent insight into how fuked up the system really is

@alwaysdisputin9930 2 жыл бұрын

@@sympathiser_of_Germans_in_40s Yeah. What was it again? I recall: banks? gave mortgages to people eg with no job, then all these bad mortgages got mixed in with good mortgages, then the credit rating agencies gave everything a triple A rating so that the debt could be sold as "AAA super reliable" & every1 got bonuses. So a huge mountain of toxic mortgages built up; then every1 realised the economy was a FING house of cards so the economy melted; many went bankrupt & had to sell their homes. Then the rich bought many houses cheaply

@kbzzy7376 2 жыл бұрын

@Olivier Wells what was antisemitic?

@velavanlaack9134 2 жыл бұрын

They have floors of lawyers to gauge the fine to ensure it’s within the threshold of the risks they took

@SebastianRing-ko2wo 10 ай бұрын

Love your videos! Great works!

@Sunday_Morning570 2 жыл бұрын

This is one of the best channel on KZfaq 👍.

@rickv9180 2 жыл бұрын

As the old adage goes for those who want to make money illegally: "If there a will, there's a way"

@corbeau-_- 2 жыл бұрын

that's not really an adage - there's little truth in it. It's just that if you don't try, you will most likely never succeed. But I can want 1+1 to be 3 all day. There is now way. Similarly, we can't all be rich. Even if we are willing to be wealthy. I never liked the proverb, it's empty and just there to give hope to failures. Some people need that. But most people need some realism...

@corbeau-_- 2 жыл бұрын

maybe I use adage a bit strictly. Still, I think it's a crappy proverb nonetheless xD

@Tuppoo94 2 жыл бұрын

The more I learn about finance and banking, especially investment banking, the more it looks like gambling with additional steps and middlemen. No regulator will ever admit that they have failed in their task, because then they will face pressure from the government, and possible dismissal.

@waiguoren 2 жыл бұрын

some products do have economic value. Some futures are used as hedging on unwanted volatility, like fuel for airlines

@nonchablunt 2 жыл бұрын

and that's why cryptoassets are the most important invention since the internet. 'cuz you can cut out the middleman.

@waiguoren 2 жыл бұрын

@@nonchablunt they are also without any economic value whatsoever. They solve nothing good.

@azhagurajaallinall126 2 жыл бұрын

That is true by the way

@Tuppoo94 2 жыл бұрын

@@waiguoren IMHO ever since QE went into maximum overdrive, regular securities have had roughly similar credibility as cryptos when it comes to valuation and economic utility. It's all paper growth, with the downside that our pensions rely on it.

@FinanciallyGreat 2 жыл бұрын

That was good. I didn't know that was going on. Thank you

@electrosquid8325 2 жыл бұрын

I've done ETN Market Making for Nordea (Finnish Investment Bank). I don't know about the institutions mentioned here but at Nordea structured products are hedged, so the profit is the spread, fee and interest. No profit is made on directional moves (that would be stupid, considering some minifutures extend up to 50x leverage to the counterparty)

@noneofyourbizness 2 жыл бұрын

well done ColdFusion, this is what real journalism USED to be all about, before it was bought up and silenced by corporate criminals

@HaggardPillockHD 2 жыл бұрын

Dude, you missed out British tax havens (which is also dubbed as 'Britain's Second Empire'. Also the fact that the City of London is a separate legal jurisdiction, where corporations take part in mayoral elections. Missed the murkier stuff mate

@xXxBurnerable 2 жыл бұрын

Maybe he'll do a video on it! Good note though

@alwaysdisputin9930 2 жыл бұрын

I dunno but I don't think City of London is a separate legal jurisdiction from the UK. But you could argue that because the rich are rather above the law (eg fines are less than fraudulent profits) there is a shadow jurisdiction for the rich, many of whom work in the City of London. Apparently big fraud cases tend to be very difficult to prosecute as they are very complicated & the jury has to take like 6 months away from their job to study all the evidence. I saw a video about the black cab rapist; in it a lawyer said "Complexity is the enemy of the prosecution."

@hollysmith7828 2 жыл бұрын

Lol corporations vote because only 37,000 people live in the city of London, despite the fact that millions commute in every day. Nominated workers get to vote in elections because the commuter population is so large and so influential on its economy. The company you work for can’t tell you how to vote either, and you don’t have to be an executive to get a vote. Source: manager used to vote in the City of London elections