What
are we to make of this sudden rash of banker suicides? Does
this trail of dead bankers lead somewhere? Or could it be just
a coincidence that so many bankers have died in such close
proximity? I will be perfectly honest and admit that I do not
know what is going on. But there are some common themes that
seem to link at least some of these deaths together. First of
all, most of these men were in good health and in their prime working
years. Secondly, most of these “suicides” seem to have come
out of nowhere and were a total surprise to their families.
Thirdly, three of the dead bankers worked for JP Morgan.
Fourthly, several of these individuals were either involved in
foreign exchange trading or the trading of derivatives in some way.
So when “a
foreign exchange trader” jumped to his death from the top of JP
Morgan’s Hong Kong headquarters this morning, that definitely
raised my eyebrows. These dead bankers are starting to pile up,
and something definitely stinks about this whole thing.
What
would cause a young man that is making really good money to jump off
of a 30 story building? The following is how the
South China Morning Post described the dramatic suicide of
33-year-old Li Jie…
An investment banker at JP Morgan jumped to his
death from the roof of the bank’s headquarters in Central
yesterday.
Witnesses said the man went to the roof of the
30-storey Chater House in the heart of Hong Kong’s central business
district and, despite attempts to talk him down, jumped to his death.
If this was just an isolated incident, nobody
would really take notice.
But
this is now the 7th suspicious banker death that we have witnessed in
just the past few weeks…
- On
January 26, former Deutsche Bank executive Broeksmit was found dead
at his South Kensington home after police responded to reports of a
man found hanging at a house. According
to reports, Broeksmit had “close ties to co-chief executive
Anshu Jain.”
- Gabriel
Magee, a 39-year-old senior manager at JP Morgan’s European
headquarters, jumped
500ft from the top of the bank’s headquarters in central
London on January 27, landing on an adjacent 9 story roof.
- Mike
Dueker, the chief economist at Russell Investments, fell
down a 50 foot embankment in what police are describing as a
suicide. He was reported missing on January 29 by friends, who said
he had been “having problems at work.”
- Richard
Talley, 57, founder of American Title Services in Centennial,
Colorado, was also found dead earlier this month after
apparently shooting
himself with a nail gun.
-
37-year-old JP Morgan executive director Ryan
Henry Crane died last week.
- Tim Dickenson, a U.K.-based communications
director at Swiss Re AG, also died last month, although the
circumstances surrounding his death are still unknown.
So did all of those men actually kill
themselves?
Well, there is reason to believe that at least
some of those deaths may not have been suicides after all.
For
example, before throwing himself off of JP Morgan’s headquarters in
London, Gabriel Magee had actually made
plans for later that evening…
There was no indication Magee was going to kill
himself at all. In fact, Magee’s girlfriend had received an email
from him the night before saying he was finishing up work and would
be home soon.
And
57-year-old Richard Talley was found “with
eight nail gun wounds to his torso and head” in his own garage.
How in the world was he able to accomplish
that?
Like I said, something really stinks about all
of this.
Meanwhile, things continue to deteriorate
financially around the globe. Just consider some of the things
that have happened in the last 48 hours…
-According
to the
Bangkok Post, people are “stampeding
to yank their deposits out of banks”
in Thailand right now.
-Venezuela
is coming apart at the seams. Just check out the photos inthis
article.
-The
unemployment rate in South Africa is above
24 percent.
-Ukraine
is on the verge of
total collapse…
Three weeks of uneasy truce between the
Ukrainian government and Western-oriented protesters ended Tuesday
with an outburst of violence in which at least three people were
killed, prompting a warning from authorities of a crackdown to
restore order. Protesters outside the Ukrainian parliament hurled
broken bricks and Molotov cocktails at police, who responded with
stun grenades and rubber bullets.
-This
week we learned that the level of bad loans in Spain has risen to a
new all-time high of 13.6
percent.
-China
is starting to
quietly sell off U.S. debt.
Already, Chinese U.S. Treasury holdings are down to their lowest
level in
almost a year.
-During
the 4th quarter of 2013, U.S. consumer debt rose at the fastest
pace since
2007.
-U.S.
homebuilder confidence just experienced the largest one month
decline ever
recorded.
-George
Soros has
doubled his
bet that the S&P 500 is
going to crash.
His total bet is now up to about
$1,300,000,000.
For
many more signs of financial trouble all over the planet, please see
my previous article entitled “20
Signs That The Global Economic Crisis Is Starting To Catch Fire“.
Could some of these deaths have something to do
with this emerging financial crisis?
That is a very good question.
Once again, I will be the first one to admit
that I simply do not know why so many bankers are dying.
But one thing is for certain – dead bankers
don’t talk.
Everyone knows that there is a massive amount
of corruption in our banking system. If the truth about all of
this corruption was to ever actually come out and justice was
actually served, we would see a huge wave of very important people go
to prison.
In
addition, it is an open secret that Wall Street has been transformed
into the largest casino in the history of the world over the past
several decades. Our big banks have become more
reckless than ever, and trillions of dollars are riding on the
decisions that are being made every day. In such an
environment, it is expected that you will be loyal to the firm that
you work for and that you will keep your mouth shut about the secrets
that you know.
In the final analysis, there is really not that
much difference between how mobsters operate and how Wall Street
operates.
If you cross the line, you may end up paying a
very great price.
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