Thursday Jul 26, 201202:29 PM GMT
Western bankers intensify global recession by financial terrorism: Analyst
Thu Jul 26, 2012 2:28PM
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Until you get rid of the financial terrorists, then you are going to continue to get – you are going to have these weapons of mass financial destruction blow up in your face and cause all kinds of death and destruction; it is as simple as that, really.”

Max Keiser, financial journalist and broadcaster

Western bankers are using weapons of mass financial destruction as the world is entering into global recession and depression, a financial analyst tells Press TV.


“Until you get rid of the financial terrorists, then you are going to continue to get - you are going to have these weapons of mass financial destruction blow up in your face and cause all kinds of death and destruction; it is as simple as that, really,” said Max Keiser, financial journalist and broadcaster, in a Thursday interview with Press TV.

According to a report published on July 21 by the UK newspaper Guardian, a minority of “super-rich elite” from across the world have hidden more than USD 21 trillion in tax havens.

The report revealed that at least £13 trillion (USD 20 trillion) has leaked out of scores of countries into states including Switzerland and the Cayman Islands with the help of private banks and the exploitation of tax loopholes.

“It is well known that this figure exists for quite a number of years. It has been hidden because of the growth over the past 20 years, 25 years. Nobody paid it much attention,” Keiser argued.

He went on to say that most of the wealth, which has been mentioned in the report, goes through Britain as the country has “the least regulated financial markets in the world”.

The analyst further noted that, even though the economy is contracting in Britain, the banking sector is still making huge profits.

“If you see a banker with Gucci’s and a briefcase do not let him on an airplane. Do not let any bankers on airplanes because they fly to countries around the world and they have weapons of mass financial destruction whether it is in Greece or it is in the UK or all over Europe; they blow up economies with fake debt and then they just strip those economies clean for any assets,” he concluded.


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