Tuesday, September 18, 2018

Bill Browder Strikes Back in Europe

By Tom Luongo - September 18, 2018 at 09:58AM


“I am altering the deal. Pray I don’t alter it any further.”
— The Empire Strikes Back

Since Vladimir Putin brought up Bill Browder’s name in Helsinki events have escalated to a fever pitch. Russia is under extreme attack the US/European financial and political establishment.

And part of that push is coming from Browder himself. In July, just a week after Helsinki, Browder opened up a money laundering complaint against Denmark’s largest bank, Danske, alleging over $8 billion in money ‘laundered’ from Russia, Moldova and Azerbaijan through its Estonian Branch.

The details here are important so bear with me.

Danske’s report on these allegations are due on Wednesday.

No matter what they say, however, the die has been cast.

Danske is being targeted for termination by the US and possible takeover by the European Central Bank.

There’s precedent for this but let me lay out some background first.

The Oldest Trick

Browder’s complaint says the money laundered is in connection with the reason why he was thrown out of Russia and the $230 million in stolen tax money which Browder’s cause célèbre, the death of accountant Sergei Magnitsky, hangs on.

That crusade got the Magnitsky Act passed not only in the US but all across the West, with versions on the books in Canada, Australia the EU and other places.

Danske’s shares have been gutted in the wake of the accusation.

The US is now investigating this complaint and that shouldn’t come as much of a shock.

The Treasury Department can issue whatever findings it wants, and then respond by starving Danske of dollars, known as the “Death Blow” option the threat of which was plastered all over the pages of the Wall St. Journal on Friday.

Note this article isn’t behind the Journal’s pay-wall. They want everyone to see this.

Browder filed complaints both in Demmark and in Estonia, and the Estonian government was only too happy to oblige him.

The Devil Played

To see the whole picture I have to go back a littler further.

Back in March, Latvian bank, ABLV, was targeted in a similar manner, accused of laundering money. Within a week the ECB moved in to take control of the bank even though it wasn’t in danger of failing.

It was an odd move, where the ECB exercised an extreme response utilizing its broader powers given to it after the 2008 financial crisis, like it did with Spain’s Banco Popular in 2017.

Why? The US was looking for ways to cut off Russia from the European banking system. And the ECB did its dirty work.

I wrote about this back in May in relation to the Treasury demanding all US investors divest themselves of Russian debt within thirty days.
It threw the ruble and Russian debt markets into turmoil since Russian companies bought a lot of euro-denominated debt after the Ruble Crisis of 2014, having been shut off from dollars.

ABLV was a conduit for many Russian entities to keep access to Europe’s banks, having been grandfathered in as clients when the Baltics entered the Euro-zone.

So, now a replay of ABLV’s seizure is playing out through Browder’s money laundering complaint against Danske.

Was Convincing Everyone

The goal of this lawsuit is two-fold.

The first is to undermine the faith in the Danish banking system. Dutch giant ING is also facing huge AML fines.

This is a direct attack on the EU banking system to being it under even more stringent government control.

The second goal, however, is far more important. As I said, the US is desperate to cut money flow between the European Union and Russia, not just to stop the construction of Nordstream 2, but to keep Russia’s markets weak having to scramble for euros to make coupon payments and create a roll-over nightmare.

Turkey is facing this now, Russia went through it in 2014/15.

In response to the Ruble’s sharp drop this year on improving fundamentals, the Bank of Russia finally had to raise rates on Friday.

So, attacking a major bank like Danske for consorting with dirty Russians and using Mr. Human Rights Champion Browder to file the complaint is pure power politics to keep the EU itself from seeking rapprochement with Russia.

Anti-Money Laundering laws are tyrannical and vaguely worded. And with the Magnitsky Act and its follow-up, CAATSA, in place, they help support defining money laundering to include anything the US and the EU deem as supporting ‘human rights violations.’

Seeing the trap yet?

Now all of it can be linked through simple accusation regardless of the facts. The bank gets gutted, investors and depositors get nervous, the ECB then steps in and there goes another tendril between Russia and Europe doing business.

And that ties into Browder’s minions in the European Parliament, all in the pay of Open Society Foundation, issued a threat of invoking Article 7 of the Lisbon Treaty to Cyprus over assisting Russia investigate Browder’s financial dealings there.

Why? Violations of Mr. Browder’s human rights because, well, Russia!

What’s becoming more obvious to me as the days pass is that Browder is an obvious asset of the US financial and political oligarchy, if not US Intelligence. They use his humanitarian bona fides to visit untold misery on millions of people simply to:

1) cover up their malfeasance in Russia

2) wage hybrid war on anyone willing to stand up to their machinations.

He Didn’t Exist

Because when looking at this situation rationally, how does this guy get to run around accusing banks of anything and mobilize governments into actions which have massive ramifications for the global financial system unless he’s intimately connected with the very people that operate the top of that system?

How does this no-name guy in the mid-1990’s, fresh "off the boat" as it were, convince someone to give him $25 million in CASH to go around Russia buying up privatization vouchers at less than pennies on the dollar?

It simply doesn’t pass a basic sniff test.

Danske is the biggest bank in Denmark and one of the oldest in Europe. The message should be clear.

If they can be gotten to this way, anyone can.

Just looking at the list of people named in the Magnitsky Act, a list given to Congress by Browder and copied verbatim without investigation, and CAATSA as being "friends of Vladimir" it’s obvious that the target isn’t Putin himself for his human rights transgressions but anyone in Russia with enough capital to maintain a business bigger than a chain of laundromats in Rostov-on-Don.

Honestly, even some in the US financial press said it looked like they just went through the Moscow phone book.

But, here the rub. In The Davos Crowd’s single-minded drive to destroy Russia, which has been going on now for close to two generations in various ways, they are willing to undermine the very institutions on which a great deal of their power rests.

The more Browder gets defended by people punching far above his weight, the more obvious it is that there is something wrong with his story. Undermining the reputation of the biggest bank in Denmark is a "playing-for-keeps" moment.

But, it’s one that can and will have serious repercussions over time.

It undermines the validity of government institutions, exposing corruption that proves we live in a world ruled by men, not laws. That the US and EU are fundamentally no different in their leadership than banana republics.

And that’s bad for currency and debt markets as capital always flows to where it is treated best.

But, it’s one that can and will have serious repercussions over time. The seizure of ABLV and 2017’s liquidation of Spain’s Banco Popular were rightly described by Martin Armstrong as defining moments where no one in their right mind would invest in a European banks if there was the possibility of losing all of your capital due to a change in the political winds overnight.

Using the European Parliament to censure Cyprus via Article 7 over one man’s financial privacy, which no one is guaranteed in this world today thanks to these same AML and KYC laws, reeks of cronyism and corruption of the highest degree.

If you want to know what a catalyst for the collapse of the European banking system looks like, it may well be what happens this week if Danske tries to fight the spider’s web laid down by Bill Browder and his friends in high places.

Reprinted with permission from TomLuongo.me.

from Ron Paul Institute Featured Articles


No comments:

Post a Comment


Ron Paul America Cloud

Site Credits

Ron Paul America

is voluntarily affiliated with

Liberty Operations Group


Site created, maintained and hosted by

Liberty Web Services


#TurnOnTheTruth 2008 2012 4th amendment 911 ACTION Afghanistan war Agency Aggression Principle al-Qaeda Alan Colmes Alert America America's Fault Americans antigun AR 15 assault weapon Audit Authoritarian bailouts Believe Big Brother big government bill of rights Blame blowback bubbles Bush Campaign for Liberty Career Politician Eric Cantor Central Bank Charity China churches collapse Collectivism Commission committee Compassion Congress Conservative constitution Crash dangerous person Democrat Democrats Donald Trump Donald Trump. Planned Parenthood drones economic Economy Edward Snowden End the Fed European Union Federal Reserve Floyd Bayne floyd bayne for congress force foreign interventionism free market free markets GOP Nominee GOP Presidential Debates Government Great Depression gun control House of Representatives housing bubble HR 1745 I like Ron Paul except on foreign policy If ye love wealth better than liberty IFTTT Individual Individualism Institute Irag Iran Iraq war ISIL ISIS Judge Andrew Napalitano libertarian Liberty Liberty Letters Liberty Report Lost mass Media meltdown metadata Micheal Moore Middle East Mitt Romney nap National Neocons New Ron Paul Ad New York Times Newsletters Newt Gingrich No Non non-interventionism NSA NSA Snooping Obama Overreach overthrow Patriot Act peace Peace and Prosperity politicians Pope Francis President Presidential Presidential Race programs prosperity Race Racist Racist Newsletters Rand Paul Read the Bills Act recessions redistribution of wealth refugee crisis Repeal Obamacare Report Republican Republican Nomination Republican Nominee Republicans Revolution Rick Santorum Rick Santorum Exposed Ron Ron Paul Ron Paul Institute Ron Paul Institute Featured Articles Ron Paul Institute for Peace And Prosperity Ron Paul Institute Peace and Prosperity Articles Ron Paul Next Chapter Media Channel Ron Paul Racist Newsletters ron paul's foreign policy Ronald Reagan ronpaulchannel.com ronpaulinstitute.org Rosa DeLauro russia Samuel Adams Saudi Arabia Second Amendment Security Senate Senator September 11th attacks Show Soviet Spying stimulate Stock Market surveillance Syria tech bubble terrorist The the Fed the poor US US foreign policy Us troops USA Freedom Act Virginia Virginia Republican Primary voluntarism. Liberty Voluntary Warner Warning warrantless wiretaps YouTube