Should we trust banks or the banking industry? People say we trust banks and the banking industry, but the facts and long track record show that we should not trust banks or the banking industry. Trevor Kitchen is one of those people who learned the hard way that banks and the banking industry cannot be trusted after he began tracking the extraordinary rise of the Swiss franc.
Trevor's knowledge and hard work made him a key whistleblower exposing the 2013 Forex Scandal. Wikipedia entry To summarise the details of the scandal very briefly, this massive fraud was perpetrated by senior currency traders operating in such well-known “clubs” as the Cartel, the Bandits, One Team One Dream and the Mafia. While indulging in sensationalist discussions about women and drugs, the participating members of these clubs were manipulating market exchange rates to make huge fraudulent profits for themselves and others. At the same time, they were deceiving the public. In 2014, fraudulent losses to 20.7 million UK pensioners were estimated at £7.5 billion per year.
Trevor Kitchen and Brian Gerrish explain the nature and scale of the Forex fraud and how he was treated by the banking industry and regulators after presenting his whistleblowing evidence. Far from being celebrated and protected, Trevor made an enemy of the Swiss banking deep state. He was accused of criminal activity, arrested, strip-searched, imprisoned with the connivance of Portuguese and Dutch authorities, and finally made his way to safety in an undeclared location.
Our discussions range from the corrupt global banking industry, to the “outdated” criminalisation of calling someone a fraudster in every continental European country except Norway, to the unity of the legal profession in Switzerland and all Western countries, corruption within the EU during Neil Kinnock’s time as Vice-President of the European Commission, the brave actions of Dutch whistleblower and former MEP Paul van Buytenen, corruption within UK city councils and cover-ups by the EU’s Anti-Fraud Office (OLAF).
