Posts Tagged ‘Banks Above The Law’

FIFA Under The Law, USA Banks Above The Law

May 28, 2015

Yesterday the French amused us by celebrating four resistance fighters (out of hundreds of thousands), two of whom (the ladies) were rather advantaged right from the start (and did not do much). Today the humor comes from the USA, which has decided to crack down on soccer. More exactly, FIFA: Fédération Internationale de Football Association. It’s easier to crack down on soccer rather than American football, as the USA are not too good with the former. Moreover, FIFA is a French acronym…

But the irony is not there, the irony is that High Finance steals trillions, while fossil fuels enjoy 5.3 trillion dollars of subsidies (says the IMF), much of it lost in corruption (casual observation).

Putin: [FIFA Scandal] Yet Another Attempt By The USA To Extent Its Jurisdiction To Other States

Putin: [FIFA Scandal] Yet Another Attempt By The USA To Extent Its Jurisdiction To Other States

And what does the USA do? Arrest FIFA officials. Seven senior FIFA officials were arrested at a luxury hotel in Zurich, at the behest of US authorities who are conducting a massive investigation into corruption at football’s governing body. Seven more charged in the USA.

FIFA’s profits last year were 3.3 billion dollars, slightly more profit than the French oil giant TOTAL (one of the five Big Oil oil companies). TOTAL has 100, 000 employees. TOTAL has hundreds of subsidiaries (some part of an effort to pay fewer taxes, something TOTAL said it will change). FIFA has 1,400 employees. So one can say that FIFA’s profits, per employee, is about 70 times those of TOTAL.

The punchline? FIFA, based in Zurich, Switzerland, is registered as a non-profit, of sorts, and pays no Swiss Federal taxes.

This sounds silly, but one has to understand that the world’s plutocracy rests on similar tricks. In the case of FIFA, it’s comical: for years one knew that money was given by nations to get the soccer world cup. For the 1998 cup (won by France), the finalists were France and … Morocco. France got 12 votes, Morocco 7. It was just revealed the Moroccan votes were bought (big surprise!).

The way FIFA is corrupt is typical of the way most international organizations are corrupt:

1) A few officials vote (same story in Brussels, Washington, Moscow, Beijing, etc.), while they supposedly represent the world.

2) All “countries” get an equal weight (209 of them in the case of FIFA, appreciably more than in the UN). So a tiny Caribbean island nobody has ever heard of, but for a few plutocrats, gets the same vote as, say, Brazil, or Germany (total population nearly 300 million).

Once again, in the case of FIFA, it’s comical: FIFA revenue is of the order of five billion dollars. The world’s real economy GDP is around 10,000 times more. However, counting financial derivatives, the world real and imaginary GDP rises another eight times, or so.

And there, the conspiracy factor is much higher. Let me explain.

FIFA’s corruption indeed, is for all to see. Everybody knew that Qatar had bought its world cup selection: clearly only “officials” who were bought could agree to have players playing in 50 Degrees Celsius (in the shade) heat (that’s 122 Fahrenheit, temperatures seen in India this week, courtesy of the fossil fuel industry).

The High Finance industry is hidden in plain sight. But well hidden: the famous 99.9% understand nothing to the public-private fractional reserve banking system, so they can be rolled in flour every day, and then fried, just so. In a way, there is justice; the stupidity of the 99.9% gets punished by the malignant growth of plutocracy, mightily fed by the fact that big bankers are actually corrupt government officials.

That bankers are corrupt, many understand. That bankers are also unsupervised government officials, very few understand. Plutocrats, though, understand this perfectly well.

More generally most plutocrats, and plutocratic organizations, have to do with being on the good side, or in a conspiracy, with government. Most of these conspiracies are intricate enough for common people not to perceive them (an example is the F35 “strike” plane, the most expensive military program, ever, in all of history: 400 billions spent so far, and counting… for an ineffectual plane which will need several more years, just to fire its gun).

So the FIFA scandal, for all to see, is excellent, if one looks at it as a toy example of a much more general problem. However, if it the only thing people worry about, and, somehow, leaves the impression that justice, police and the law are prevailing, worldwide, it will have a nefarious effect.

Why is FIFA’s corruption a toy? Because it involves a few hundreds of million dollars. A particular example is FIFA in Brazil: companies such as Nike paid a hundred million dollars or so, to organize the world cup in Brazil: that was “legal” (it should not be legal, but that’s another matter). Then 70 million dollars were paid below the table. This is what the “authorities” in the USA are in a huff about. This is what they call “corruption”.

Why? Because corruption, in the USA, is above the table: everybody can see the hyper wealthy buying the president in the USA. It’s glorious, it’s all over the media. If you have 200,000 dollars to waste, the president of the USA will go on his knees, and eat crumbs in your hands, such is the nature of the beast.

So how did the banks’ corruption cost? Just for the 2008 crisis? Well just look at the total cost of the “Quantitative Easing“. That’s at least ten trillion dollars (8 in the USA, around 2 in the EU). Even if one upper bounds the FIFA corruption at one billion, this means the High Finance corruption scandal was at least 10,000 times greater.  And differently from FIFA the worst part is orders of magnitude greater than that, as it consists in the hundreds of trillions banks diverted in financial derivatives.

If one views the latter, as one should, as the largest corruption, the greatest theft ever, in the history of humanity, one ends up with the astounding realization that banks have stolen for at least ONE MILLION TIMES MORE money than the FIFA has moved under the tables.

The BBC (Canada) itself is wondering: America does not even like football… Why is it leading the charge against alleged Fifa corruption?”

FBI Director James Comey set out why the US was able to act:

“If you touch our shores with your corrupt enterprise, whether that is through meetings or through using our world class financial system, you will be held accountable for that corruption…”

The USA is of course “world class”, or even of a class of its own in the world. Especially as far as considering taking orders from plutocrats, others for idiots, and playing holier-than-thou, with the aim of pleasing the banksters. Question: how does Mr. FBI thinks drug trafficking works?

Answer: citizens of the USA spend fortunes on illegal drugs coming from Mexico and the like, so they can forget the sorry world class parody of democracy they live in. Once the drug sellers have pocketed the money, in the world class USA, how do they get it to South and Central America? Through world class banks, of course. American banks. Big banks of the good old USA. Why does not Mr. FBI think about that? Won’t advance his career? I guess not. It’s not “world class” to suspect your masters.

“Nobody is above or beyond the law,” FBI Director Comey said. “We will not stop until we send messages that this is not the way things should be and that they must be different”.

Kabuki theater, on a world scale.

Even Vlad Putin has noticed: “This is yet another blatant attempt (by the United States) to extend its jurisdiction to other states.”

It’s irritating to see Putin marking points. Yes, nobody is above the law. However, the USA itself is above the law, indeed. As Big Banks of the USA are part of this general enterprise, the USA, when they launder money for drug traffickers, they get a slap on the wrist, a little fine (paid by Quantitative Easing, that is, the We The People of the USA themselves).

The USA above the law? Why else the USA does not recognize, and is not part of the International Criminal Court? Simply because many of its top officials would see warrants of arrest against them (starting with those who launched wars of aggression). Instead, what we have now, is tiny Switzerland, anxious to please its masters in Washington and New York, by arresting whoever those capitals (of USA and High Finance, respectively) have decided to arrest.

The considerable attention given to this FIFA scandal is yet another maneuver to focus the attention of We The People on something shiny which moves, on vaguely alien culprits. It is reminiscent of those two low level traders who were prosecuted for the 2008 crisis: one in New York City, one in France. Yes, they were both French. What works best is what is straight out of central casting.

As usual, American “justice” will employ a very corrupt method: make a deal with some “culprits”, such as this Swiss banker who went to jail, in the USA, but then was given around 100 million dollars, by the USA, for having said, for all to hear, what the USA wanted him to say. What kind of “justice” is that? The justice of corruption? But then if justice is corrupt in the name of corruption, where is the real justice located, and what is it?

Patrice Ayme’