Bilderberg To Discuss Capital Controls on Consumers While HSBC Pays $40 Million Money Laundering Fine

Tuesday, June 9, 2015
By Paul Martin

Do as we say, not as we do

Paul Joseph Watson
Prison Planet.com
June 9, 2015

The powerful Bilderberg Group will discuss imposing more capital controls on average citizens while HSBC, whose Group Chairman will attend the conference, is set to pay more than $40 million dollars for illegal money laundering involving arms dealers and helping the wealthy avoid taxes.

It’s very much a case of do as we say, not as we do.

Douglas Flint, Group Chairman of HSBC Holdings, will attend the elitist confab in Telfs-Buchen, Austria this week along with Stuart Levey, HSBC’s Chief Legal Officer and Rona Fairhead, an HSBC director and Chairwoman of the BBC Trust.

The transnational bank was just ordered by Geneva authorities to pay 40 million Swiss france (around $43 million dollars) for its Swiss subsidiary’s involvement in illegal money laundering activities during which, “HSBC’s Swiss arm banked the proceeds of political corruption and accepted deposits from arms dealers while helping wealthy people evade taxes,” reports the London Guardian.

In 2012, HSBC agreed to pay U.S. authorities $1.9 billion dollars after a Senate investigation found the bank had been a conduit for “drug kingpins and rogue nations.”

Ironic therefore it is that HSBC representatives will be party to discussions at Bilderberg centered around moving towards the abolition of cash and the imposition of capital controls on ordinary citizens in the name of stopping tax fraud and allowing more state control over people’s finances.

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