Christine Lagarde says, “Bitcoin is conducting funny business”

(Last Updated on January 15, 2021)

Christine Lagarde has the AUDACITY to assume you are SO ignorant that she can lie to your face..

Major international banks paid $10.4 BILLION in fines for market manipulation, money laundering, and additional crimes in 2020..

Let that sink in.. $10.4B in fines for financial crimes JUST in 2020..

And the President of the European Central Bank thinks, “Bitcoin is doing funny business” ..

Than what the F*%K do you call what the banks are doing with our money?!

The anti-Bitcoin attacks continue to propagate from Christine Lagarde and her focus remains on “criminals and money laundering”.

As most of us know, especially any economist or historian, the VAST majority of criminal transactions and funding use the United States Dollar.

Period.

End of story.

If you want to buy $1 million in Cocaine, you show up with cases of cash, untraceable, untaxable, and everyone accepts it.

Plus, apparently most international banks around the world are laundering cartel and other major criminal syndicates money 24/7/365.

Bitcoin is a fully transparent ledger, for all to see, it is trustless and permission less. Not the best system for criminals especially as blockchain awareness and technology increases making it extremely easy to track all transactions.

And nothing wrong with being transparent – that is the point!

We just want our Bitcoin to be decentralized and separate from the corruption pushed forth by mass money printing and inflation that these central banks utilize to devalue debt and devalue nation’s citizens hard earned wealth.

So how did the banks fair in 2020 in regards to money laundering and crimes?

Goldman Sachs will end up paying nearly $6+ billion for their involvement in the IMDB scandal.

The U.S. Department of Justice fined them $2.9 billion directly, just to start..

“Goldman Sachs today accepted responsibility for its role in a conspiracy to bribe high-ranking foreign officials to obtain lucrative underwriting and other business relating to 1MDB,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division.  “Today’s resolution, which requires Goldman Sachs to admit wrongdoing and pay nearly three billion dollars in penalties, fines, and disgorgement, holds the bank accountable for this criminal scheme and demonstrates the department’s continuing commitment to combatting corruption and protecting the U.S. financial system.”

“Over a period of five years, Goldman Sachs participated in a sweeping international corruption scheme, conspiring to avail itself of more than $1.6 billion in bribes to multiple high-level government officials across several countries so that the company could reap hundreds of millions of dollars in fees, all to the detriment of the people of Malaysia and the reputation of American financial institutions operating abroad,” said Acting U.S. Attorney Seth D. DuCharme of the Eastern District of New York.  “Today’s resolution, which includes a criminal guilty plea by Goldman Sachs’ subsidiary in Malaysia, demonstrates that the department will hold accountable any institution that violates U.S. law anywhere in the world by unfairly tilting the scales through corrupt practices.”

“When government officials and business executives secretly work together behind the scenes for their own illegal benefit, and not that of their citizens and shareholders, their behavior lends credibility to the narrative that businesses don’t succeed based on the quality of their products, but rather their willingness to play dirty,” said Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.  “Greed eventually exacts an immense cost on society, and unchecked corrupt behavior erodes trust in public institutions and government entities alike.  This case represents the largest ever penalty paid to U.S. authorities in an FCPA case.  Our investigation into the looting of funds from 1MDB remains ongoing. If anyone has information that could assist the case, call us at 1-800-CALLFBI.”

– U.S. Dept. of Justice

JP Morgan paid almost $1 billion for their trading scams on commodities – basically “spoofing” trades to move markets and crush traders positions..

“For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division.  “Today’s resolution — which includes a significant criminal monetary penalty, compensation for victims, and requires JP Morgan to disgorge its unlawful gains — reflects the nature and seriousness of the bank’s offenses and represents a milestone in the department’s ongoing efforts to ensure the integrity of public markets critical to our financial system.”    

“JPMorgan engaged in two separate years-long market manipulation schemes,” said U.S. Attorney John H. Durham of the District of Connecticut.  “Not only will the company pay a substantial financial penalty and return money to victims, but this agreement requires JPMorgan to self-report violations of the federal anti-fraud laws and cooperate in any future criminal investigations.  I thank the FBI for its dedication in investigating these deceptive trading practices and other sophisticated financial crimes.”

“For nearly a decade, a significant number of JP Morgan traders and sales personnel openly disregarded U.S. laws that serve to protect against illegal activity in the marketplace,” said Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.  “Today’s deferred prosecution agreement, in which JP Morgan Chase and Co. agreed to pay nearly one billion dollars in penalties and victim compensation, is a stark reminder to others that allegations of this nature will be aggressively investigated and pursued.”

– U.S. Dept. of Justice

United States banks make up the Top 3 highest fined banks for criminal activity in 2020..

U.S.A dominating the corruption charts..

As far as I can tell, these international banks are doing a pretty AWESOME job of scamming, manipulating, and engaging in “funny business” with regards to their OWN clients money and interaction with our supposed free markets.

Bitcoin eliminates their control and power.

Taking the power of your wealth into your own hands.

That’s it.

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