Sunday, July 14, 2019

Exposed: Banks rip off foreign payments customers over and over

It’s amazing that the big banks continue to mislead and overcharge customers for a simple business, over and over.  That business is foreign payments, sometimes known as foreign exchange.  But first let us understand the difference between payments and trading.  Payments is when you want to send money to a friend in Germany, or pay an invoice from a company in Australia.  You’re sending money.  Conversely, if you are the recipient of a foreign inbound transfer, your foreign friend may send in their local currency and have your bank do the transfer, thus fleecing you out of as much as 8% of your money per whack. 

Here’s the real shocker:  This happens only in America.  In New Zealand for example, when you open a new bank account they may ask you ‘what currency do you want it denominated in?’  The point is New Zealand is an export driven economy with tasty Lamb meat and succulent Marlborough Wines that their economy depends on.  There isn’t really much else going on in New Zealand in a country with 13 sheep for every 1 human.  So Kiwis are above average foreign exchange traders, and many companies offer ancillary services and overlay services such as hedging, payments, and related services.  But you won’t find such companies in USA.  That’s because the population is so brainwashed they have been led to believe the only currency in the world is the U.S. Dollar.  I’m not here to tell you most Americans are stupid, I’m just stating the fact that in Europe you couldn’t rip off customers so badly.  It’s only possible in America.

Another amazing fact is that the banks have paid out settlement after settlement to customers but continue the same abusive practices!  Of course, if you look from their perspective, if you can make $10 Billion and pay out $500 Million in fines and fees then its good business. 

There are companies out there such as DiscountCurrencyTransfers.com which offer a cheaper alternative to exchange foreign currency compared to the big banks, but generally they are unknown.

Take a look at this chart to fully understand what we are talking about:


This is assuming a default transfer value of $100,000.  Quickly, let’s understand the differences between payments and trading.  If you are margin trading foreign exchange, you’ll get near spot rates, as places like FX Trading Pro.  But that’s margin trading, similar to stock trading.  If you are sending money to another country, this is called ‘deliverables’ or ‘remittances’ – in which case you aren’t going to get spot rates. 

But having said all that, look at the savings of using services like DiscountCurrencyTransfers.com compared to what the banks are charging.

On a $100,000 transaction you’d be spending $7,593 on fees.  What’s really insulting is that they will hide these fees from you.  In fact, they will offer you to waive the $30 wire transfer fee if they do the FX conversion for you!  Yes, please, I want to pay $7,593 and save $30.  What planet do we live on?

Bottom line is that there are alternatives, but the banks continue to pillage and plunder like pirates in a modern world.  You’d think that after all the abuses their abusive pricing practices would stop, but they won’t.  Likely what will happen is a new industry of disruptive tech will grow this sector away from the banks and into more of a FinTech service, as we were promised with the Crypto revolution.


Saturday, July 13, 2019

Drain the Swap: Pedostein Kingpin Takedown Analysis

As promised, Trump is ‘draining the Swap’ although many votes will claim it’s too little too late, it’s not what was promised, etc. etc.  As we explain in Splitting Pennies – the world is not as it seems.

Acosta was told to lay off Pedostein because he was ‘above his pay grade’ and ‘part of intelligence’ – here’s the passage:

“Is the Epstein case going to cause a problem [for confirmation hearings]?” Acosta had been asked. Acosta had explained, breezily, apparently, that back in the day he’d had just one meeting on the Epstein case. He’d cut the non-prosecution deal with one of Epstein’s attorneys because he had “been told” to back off, that Epstein was above his pay grade. “I was told Epstein ‘belonged to intelligence’ and to leave it alone,” he told his interviewers in the Trump transition, who evidently thought that was a sufficient answer and went ahead and hired Acosta. (The Labor Department had no comment when asked about this.)

Now there is speculation of ‘which’ intelligence was referred to, but we will assure readers that if the DOJ is letting someone off the hook it’s either a foreign double agent OR US, British, or Israeli.  Our point here is that when you really look at the intelligence system, it’s similar to looking at a dark market.  There is little difference between the three.  If you want to enjoin the lesser subjects of the Crown; Canada, Australia, New Zealand, and friends – the list can go on pretty long.  In reality the US, Britain, and Israel have a powerful alliance and the EU, Japan, and others do whatever they say.  The politics you see in the mainstream press is largely showmanship for the masses, it makes it look like there are distinct separate governments between such countries when in fact, not.  Of course there are huge exceptions like in the case of Brexit, where a populist movement is creating unique sovereignty for Britain at a great economic cost bourn on the people (Good on ya!).  The point still remains that global political power rests in the shadows and does not share the same lines of country borders as you would see on Google Maps.  We don’t need to draw a Venn Diagram you get the idea. 

The first good bit of research on the subject has a focus on the Mossad, perhaps the most feared and respectable intelligence operation in the world:

But whose intelligence service? CIA and the Russian FSB services are obvious candidates, but they would have no particular motive to acquire an agent like Epstein. That leaves Israel, which would have been eager to have a stable of high-level agents of influence in Europe and the United States. Epstein’s contact with the Israeli intelligence service may have plausibly come through his associations with Ghislaine Maxwell, who allegedly served as his key procurer of young girls. Ghislaine is the daughter of Robert Maxwell, who died or possibly was assassinated in mysterious circumstances in 1991. Maxwell was an Anglo-Jewish businessman, very cosmopolitan in profile, like Epstein, a multi-millionaire who was very controversial with what were regarded as ongoing ties to Mossad. After his death, he was given a state funeral by Israel in which six serving and former heads of Israeli intelligence listened while Prime Minister Yitzhak Shamir eulogized: “He has done more for Israel than can today be said” Epstein kept a black book identifying many of his social contacts, which is now in the hands of investigators. It included fourteen personal phone numbers belonging to Donald Trump, including ex-wife Ivana, daughter Ivanka and current wife Melania. It also included Prince Bandar of Saudi Arabia, Tony Blair, Jon Huntsman, Senator Ted Kennedy, Henry Kissinger, David Koch, Ehud Barak, Alan Dershowitz, John Kerry, George Mitchell, David Rockefeller, Richard Branson, Michael Bloomfield, Dustin Hoffman, Queen Elizabeth, Saudi King Salman and Edward de Rothschild. Mossad would have exploited Epstein’s contacts, arranging their cooperation by having Epstein wining and dining them while flying them off to exotic locations, providing them with women and entertainment. If they refused to cooperate, it would be time for blackmail, photos and videos of the sex with underage women.

This would be nothing new, the FBI has done this for years, a policy established by Hoover.  In the greater good of the clean cut White America Hoover envisioned, he could justify using such tactics to fight against what he believed were the greatest threat to America: Anarchists. 


Using blackmail and other dirty tricks are common in any intelligence agency.  So Pedostein’s leading role in a global blackmail operation on behalf of an intelligence agency is plausible, logical, and profitable for himself and his family.  Obviously, as one does, due to the high level of his targets, he felt he had immunity. 

Let’s digress and discuss criminal prosecution of a U.S. President.  For the crimes Nixon committed, he could have been convicted and served time.  This will never happen in the U.S. for a simple reason – the U.S. President has access to top secret information that’s so sensitive, it could literally change the world.  All the weird things you’ve heard that go on in the shadow government, many of them are exaggerations – but 99% of them are based on various accounts of reality.  Bill Clinton could end it all.  So could Jimmy Carter, god bless.  So for this reason, someone as high up as Hillary Clinton will never be prosecuted and never sit in prison, unfortunately. 

The movement about ‘lock her up’ was sincere and naïve.  Because commoners don’t fully understand how hijacked the U.S. system really is, they believe that in the U.S. you are innocent until proven guilty, and the justice system works as it says it does.  The reality of how the U.S. system works is vastly different from the common perception, and completely different as seen on TV.

So in our analysis, Trump is working the deep state effectively.  He waited for the hoax Muller report to conclude, as starting any attack on the Deep State before its conclusion would have furthered their case.  This was a calculated chess move on both sides, the Deep State needed to draw out the ‘investigation’ for as long as possible, because they knew some huge prosecutions waited on the other side. 

Hillary haters should take comfort in that there are worse things than in prison.  Note Pelosi’s daughter mentioning ‘some of our faves’ may be implicated:

This Epstein case is horrific and the young women deserve justice. It is quite likely that some of our faves are implicated but we must follow the facts and let the chips fall where they may - whether on Republicans or Democrats. #WeSaidEnough #MeToo

The likely conclusion of this case is the complete destruction of the Democratic Party, and perhaps the GOP as well.  But with the GOP set to sweep both houses and the Presidency in 2020, they have time to get their act together.  Note though that Justin Amash just left the GOP and is an independent.

Ross Perot ran as an independent and lost, Trump did the math and it simply would not have made sense to be an independent.  But if the Democratic Party fractures, that may change.  In Europe there are 5 – 10 and sometimes as many as 20 leading political parties.  Is the time of Coke vs. Pepsi over in America?

So Hillary’s not going to Jail, but how will this impact the Swamp, and who will go to Jail?  Remember that as these ‘victims’ come forth, there will be perps other than Pedostein named, perhaps some with names like “Bill” or “John” – cultural leaders of the Democratic Party.

Folks this is a death blow.  While the cheating, corruption, and illegal activities described in Clinton Cash can be swallowed by the mainstream; acts against minors (children) cannot be forgiven.  This strikes a knife into the heart of every American family.  The Demorats are a party of Child Molesters. 

Conspiracy Theorists for a long time have lampooned Elite figures for participating in occult like games, as depicted in Stanly Kubrick’s Eyes Wide Shut.  But this case is real, there are real victims, and real consequences, and it’s in the mainstream media.  Will Pedostein spill the beans to stay out of genpop?  Or will he have a mysterious death blamed on another inmate, secrets taken with him to the grave?

No one will know how this drama will play out, but what is certain is that this is a death blow to the creeps running DC and to the Democratic Party as well.

What’s clear is that the leakers and the traitors have at least been contained, if not convicted, allowing honest Patriots in the FBI and perhaps other agencies to do what they are supposed to do:  Arrest criminals. 

Trump is a street guy with simple ideas, such as ‘enforce the rule of law.’  Perhaps in a time where political corruption was rampant, this was what was needed.  In any event, with Pedostein on fire you can bet he’s going to sing like a canary when he’s not released to his cozy NYC apartment.  And he’s just the tip of the Pedo iceberg.

For more insightful analysis on world events, see www.globalintelhub.com

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