The Quest for the Holy Grail of Banking

[quant]

This is an intriguing story about international banking: The Quest for the Holy Grail of Banking.

The story is completely true, except the names have been changed. I've met approxmiately 30 people who have pitched these deals to me, but 99.9% are frauds and some are very sophisticated scams (e.g. the UBS banker). I thought many of the more wealthy people here may had been approached about these so-called guaranteed trades.

Anyone have experience with them?

Caveat Emptor

[quant]

Regardless of the legitimacy of the trades, those first statistics listed are unreal. It's Pareto's Principle to the EXTREME. The reality that a few banks account for over $1 trillion per day in Interbank forex turnover is astounding. Especially when you consider that they instantly create that money from nothing! It's literally no risk to them, because the reserve system of international banking is like energy; it can never be destroyed or created only transferred. The real owners are in London and they will forever control the financial world.

Those are authetic statistics too, as they are directly from the Bank for International Settlements, literally the banker of the Federal Reserve and all central banks (immune from any jurisdiction).

[vicki]

That was an interesting read!

[quant]

Thanks. You must have some knowledge of international banking with offshore merchant accounts. That's essentially just an international banking account correct? If you can process high-risk transactions, then you have a major opportunity there.

By the way, I am not the same 'quant' in the story. Although I do know exactly how that 'quant' set up his investment fund and insurance company, under the auspices of an octogerian oil magnet. All I can say is BVI. It is one of the most sophisicated, intense, and amazing structures you'll -never- see.

Although I can't say much more, or else he'll send his 'federali' friends after me.

If any curious or ambitious people want to travel to Zurich with me, feel free. Ideally you need $20 million, or at least you can pretend to have it. Although they say Riggs and ultimately the Bank of England will check you out. You'd either lose your $20 million or make $12 million a month; either way it'd be an adventure.

[vicki]

Originally Posted by quant

You must have some knowledge of international banking with offshore merchant accounts.

Its no stranger to me .. correct. But its one of those subjects you learn more about everyday and can never know everything because the parameters are an ever changing basis.

Originally Posted by quant

That's essentially just an international banking account correct? If you can process high-risk transactions, then you have a major opportunity there.

Essentially, yes. The accounts are specifically for processing high-risk transactions, thats correct. But there are sometimes jurisdictional factors and often we are dealing with the high-risk portfolio owners assigned by the banks.

Originally Posted by quant

It is one of the most sophisicated, intense, and amazing structures you'll -never- see.

It sounds like it lol
I'm in the final stages of contracts for an amazingly, sophisticated structure that will benefit a very select few in this industry (for transaction purposes but isn't limited to that). It also deals with the highly evolved Swiss banking system. Like yours, only millionaires need apply.
There is no other system in the world as well perfected/respected and safe as the Swiss.

I'm hoping to have it complete early next week

[vicki]

I should add that there is no chance of loosing your money with my solution though lol

[quant]

Originally Posted by vicki

There is no other system in the world as well perfected/respected and safe as the Swiss.

You are correct about that. Now that UBS has bought Swiss Bank, they are the largest bank in Switzerland. The guy who was the former district attorney in Switzerland does have a professional relationship with UBS.

So say you are sitting at UBS's home office in Zurich and you open an account. According to the London guy, the attorney will require his name added to the account (which the trader said isn't true). The trader is only authorized to buy high rated paper from one of eight banks, including RBS, Allied Irish, etc. The 1-year-1-day zero coupon bonds are all on Euroclear with ISNs and CUSIP #s.

The only risk is if the bank would default (i.e. go bankrupt), which would be impossible because of the size of the issuing banks. It is true that when banks issue new paper they have to go through an intermediary before it can be sold on a secondary market (e.g. to insurance companies). Although why sell a $1 for 60 to 80 cents (in $100 million tranches)? Of course, perhaps they could be spoofing the credibility of the paper (or its existence) on Euroclear. (Also just the act of providing a mortgage loan creates paper worth 3 times the value of the loan, which is backed by reserves of 1/10th the value, the paper is immediately sold, and then grouped together and eventually ends up in big investment accounts).

The London guy basically said they weren't actually doing anything illegal. The famous race car driver's money is locked up in his account, but it is still there and no trades ever took place. However, the attorney and the trader get a kickback from UBS for bringing such money to them (and probably requiring a certain length of time). He said UBS doesn't care particularly, the contracts don't reference the alleged trades. They just want new accounts.

The US Treasury Dept, et al estimates billions of dollars have been lost to these scams. Some corporations in NY are into related currency swaps in the trillions. In Europe you can greatly leverage your money, which stresses the stability of the entire international financial system. Kind of chaotic and very fragile.

I have NEVER met anyone who has been in a successful trade. Although that private securities attorney in CA claims he has (although his angle is for providing asset recovery services from scams). I am still uncertain about the Zurich trader, but he is likely a fraud. There's only one way to find out and one day I will.

Your new system sounds interesting. I'd like to know more about it when you complete it.

[vicki]

quant

I'm out the door and off to a bb game in a few minutes but shoot me your contact info via email and I'll gladly let you know when the contracts are complete.

Its totally safe and legal of course, it's just a new secure method of processing cc transactions utilizing the benefits of the swiss banking structure and extremely low rates. IE kind of like a merchant account on steroids ;)