Thursday, March 10, 2022

Barbarians at the Gate – In Russia and on Wall Street" (Excerpt)

Barbarians at the Gate – 
In Russia and on Wall Street" (Excerpt)
By Pam Martens and Russ Martens

"Interestingly, the names of major corporations severing ties with Russia do not, as yet, include the big names on Wall Street. One day after Russia’s invasion of Ukraine, Wall Street On Parade broke the news that one of the four largest banks in the U.S., Citigroup’s Citibank, was servicing 500,000 customers in Russia and operating bank branches in 10 Russian cities: Moscow, St. Petersburg, Yekaterinburg, Nizhny Novgorod, Samara, Sochi, Rostov-on-Don, Volgograd, Ufa and Kazan. Citigroup, a multinational banking behemoth, has never had the best interests of the United States as a priority. After receiving the largest banking bailout in history from the U.S. government and the Federal Reserve from December 2007 through mid-July 2010 (a cumulative $2.5 trillion in loans, $45 billion in equity infusions, and more than $300 billion in asset guarantees) the bank went on its merry way serially violating the laws of the United States, paying fines, and then breaking more laws.

Yesterday, Citigroup released a statement indicating that instead of closing down its bank branches in Russia, or at least stating that it will accept no new deposits, it is merely operating on an undefined “more limited basis” while also “supporting our corporate clients in Russia.”
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“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear.”
 - Taylor Caldwell, "A Pillar of Iron"

And what help has the government given YOU, Good Citizen?

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