So what is going on? This sounds like an Oceans 11 sequel. How can such a huge bank heist happen without the majority of people knowing about it? Such a caper would surely make the news. Not so fast. First many people do not realize or have much knowledge about our financial system. If you haven't heard the term Petro Dollar then you may be one of those that doesn't know. News of this heist could very well lead to a further lack of faith in the system so hence perhaps the lack of reporting on it.
Here is the gist from Zero Hedge as one source (note: always verify your information from more than one source):
"Bangladesh is not pleased with the NY Fed.
One Friday in early February, hackers who had apparently been stalking the Bangladesh central bank for at least two weeks bombarded the Fed with requests for transfers of nearly $1 billion from the country's FX reserves.
The good news: the vast majority of that total was not transferred. The bad news: $100 million of it was and of that $100 million, more than $80 million is still missing.
For those who missed the story, you can review it in all its James Bond-ish glory in the four posts linked below, but here is a brief summary of what happened to the $81 million: 1) it was transferred to four accounts at the Jupiter Street, Makati City, branch of Rizal Commercial Banking Corp (RCBC) in the Philippines, 2) $470,000 in cash went into the branch manager's trunk and the rest went to a possibly forged (but possibly not) account registered to one William Go, 3) the money was transferred to an FX broker called Philrem, 4) $50 million was split between two casinos and the remaining $31 was delivered to a "Weikang Xu" in cash."
I am blogging about it here as I feel what happens in the mind shows up in the body. And Finances cause a great deal of strife in the mind. So I want to provide some of the knowledge I have so that you can prepare yourself for what may be a Financial storm cloud on the horizon. I believe at some point the current system is bound to fail. That doesn't mean I think the dollar is going away or anything like that. What I do think is that there will have to be a reset. America is great because of our Dollars World Reserve Currency. It is why we are a Super Power. This could very well be in jeopardy. However, being the World Reserve Currency this is a very slow moving ship to destruction. It has been on course for years. I think the monetary system will be reset. It has happened before so it can happen again. In subsequent posts I will expand on my thoughts regarding this matter.
It is too complicated to detail in a Blog the inner workings of our Financial System. Plus it has already been done with in depth analysis. And as I like to say, why re-create the wheel. For that I leave you the excellent book entitled "The Creature from Jekyll Island" by G. Edward Griffin. Our system is not designed for the benefits of the people. That is my opinion and that of the book as well. However, the complexity of the system makes it difficult for the majority to see or grasp. A cannot see the trees due to the forest type scenario. Whenever something is designed to be complicated it is usually designed to deceive. And oh what a wicked web we weave when at first we deceive (or something like that from the Shakespeare play).
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