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Cathedral Bank

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Cathedral Investment Bank
Company typePrivate
IndustryOffshore bank
Predecessor
  • Argentum Financial
  • AG private banking Corporation
Founded1996 (Although the predecessor organisation has been in existence since at least the early 1900s)
HeadquartersCaribbean
ProductsFinancial services
Confidential
Confidential
Number of employees
>11,100 (as of Apr 2013)
Websitewww.cathedralbank.com

Cathedral Bank also known as Cathedral Investment Bank, Cathedral Financial Group or Cathedralis Argentaria in latin, is a secretive banking and financial services group that provides offshore banking to a number of clients mostly associated with the Catholic Church or other relgious entities. The groups consists of a number of different corporations registered in several offshore jurisdictions.

The group provides little public information about itself or its subsidiaries. A number of claims have been made about the organisation due to its secretive nature and it has been linked historically with christian finance and the Knights Templar[citation needed]. In recent years it has been the subject of a conspiracy theory related to market manipulation.

History

Created formally on April 7, 1996, Cathedral Investment Bank, making business a Cathedral Investments Ltd. Sustained operations to serve the financial needs in different industries around the globe.

Due to a series of different applications for registration under different corporate figures and names in different places, it started operations privately as a financial institution in four international jurisdictions.

One commentator has suggested that Cathedral Group controls at least 120 companies around the world under different figures and various corporate activities.[1]

Since its inception, it has been a very controversial institution because of its high secrecy and a very tight information control policy.[2]

According to declarations of Charles J. Mack ex financial services director at the European Central Bank “ the high confidentiality of Cathedral will put Switzerland in a ridiculous position”.[citation needed]

Although its registration under the name of Cathedral is relatively recent (1996), it has been suggested that Cathedralis Argentaria has been delivering financial services for a wide number of regional clients in Europe (Specially religious entities) since 1910. The relevance and influence of this organization over that time is clearly suggested on the "Codicum manuscriptorum Ecclesiae Cathedralis Dunelmensis" which is one of the most relevant manuscripts of secular historical importance.[3]

Secular Relevance

The official creation of The Cathedral Investment Bank, is for most of the “fringe theory” followers of outmost historical importance. Because this event represents the culmination (and confirmation) of the primary elemental manuscript of the capitalistic conspiracy theory in which the upper part of the capitalist pyramid reclaims control of the socialist system delivering a cycle to the opening of the new world order (Novus Ordo Seclorum) in a financial unregulated form "laissez faire, laissez passer".[4]

Secular History

Since its early days (before it became a formal Bank) several accusations had been made [5] that the Cathedral Group pertained to a highly secret society which had in itself some of the most relevant wealthy individuals worldwide, no information had been confirmed up to that time.

On January 1999, Rick Dougan formerly ex Private Banking Executive Officer, accused publicly after being fired, that an ancient templar organization ran the bank, “they have full control of all bank assets, and they are using the bank as a primary paymaster to make specific payments to governments under the templar organization control”.[citation needed]

During several subsequent public appearances, he accused the board members to be colluded with several major central banks in an “elaborated financial structure, which allowed them to control the speculative market by using valuation loopholes.” He stated that the bank structure made it possible to control valuation of several futures and derivatives instruments for their own benefit.

These accusations were not taken seriously at the beginning by Cathedral Bank and the long list of central banks supposedly involved. But five days after the claims, Cathedral Investment Bank released a press statement stating that the institution did not have any current relationship with templars of any kind and that Rick Dougan “had been fired because he opposed a risk to the safety of the financial institution”.[citation needed]

Hours after the press release, Rick confirmed to the media[citation needed] that he was referring to the Secular Group called (Tempero Argentum Imperium) or T.A.I. the primary capitalist group who in his words “controlled the key elements of capitalism worldwide” he stated that this organization had direct control from several financial institution including HSBC, JP Morgan, Deutsche Bank, National Bank of New Zealand, UBS and Cathedral Bank [citation needed].

Coincidence with Secular Theory

Much of the controversy about the institution is due its high secrecy and because of the declarations of Rick Dougan that followed after his resignation.

The several coincidences are for many of the conspiracy theory followers, confirmation that Cathedral is indeed being managed by the Tempero Argentum Imperio also known as "Argentarios".

It has been claimed that the bank has the following rules;

  • The bank does not accept customers who are engaged in diverse religions which “violate the terms and conditions of the bank” [citation needed]
  • The bank will not accept charity organizations as customers (this clearly relates to the TAI Capitalistic guidelines which avoids helping the poor or needed because by doing so they deteriorate capitalism in its essence, everyone has to work for a living) [citation needed]
  • The bank will not allow any information disclosure (all information, even the members of the board are completely confidential) [citation needed]
  • The bank has a pyramid in its logo, representing the Novos Ordo Seclorum (the new world order) [citation needed]
  • The two parallel lines enclosing the Name represents the control over matter by material means as in freemasonry [citation needed]
  • Employees are selected only from a centralized office Abroad [citation needed]

Cathedral Remains to be very hermetic on all types of information, the primary concern, is that most of the mayor local banks worldwide, use Cathedral to manage offshore assets as it is the only offshore financial institution that delivers services to inshore banks.

Operations

Cathedral Investment Bank is an offshore financial provider that is relatively isolated from the international regulatory system due to the way its registered, and because of the different jurisdictions in which it operates. Cathedral Investment Bank has perhaps the most flexible position in the international banking market.

The group has physical presence in 7 different countries, and delivers services to more than 10,000 customers in 35 countries worldwide. The countries where it is registered are all highly confidential offshore jurisdictions with very low tax requirements. This allows them to offer to the public a broad range of financial services safely and confidentially.

According to its website, the bank is able to manage investment funds in different markets based in different currencies allowing more flexibility to the liquidity and risks requirements of their customers but at the same time, maintaining their confidentiality.

Subsidiaries

Companies that the bank controls include:

  • Cathedral Offshore Global Investments
  • Cathedral Investment Bank
  • Cathedral Investments Group
  • Cathedral Investment Bank Derivatives (CIBDer)
  • Cathedral Investment Private Banking
  • Cathedral Banking Services

COEx Offshore Exchange Market

Created in July 2002, the COEx or Offshore Exchange Market is the first private offshore stock exchange market to be managed by an offshore private entity allowing trading stocks of most offshore Jurisdictions emulating a local Stock Exchange Market Globally.

This market opens from Sunday to Friday from the Australian open and until the final closing of the NYSE in US Friday closing.

Because this market has no physical execution center it allows trading activities 24 hours 6 days a week with no holidays all year round. Local onshore and offshore traders connect themselves directly from an executing terminal that allows them to trade those stocks.

COEx is also a controversial market, it has been addressed as an efficient solution for global stock exchange trading in a simple and efficient way, but most onshore jurisdictions have recursively indicated their worries mainly because of the lack of regulation and the inability of local governments to audit local inbound and outbound transactions.

See also

References

  1. ^ Maria Bartiromo's "Closing Bell" broadcast on CNBC Jan 2007
  2. ^ Confidenciality Policy "Non disclosure rights"
  3. ^ Codicum manuscriptorum Ecclesiae Cathedralis Dunelmensis "Cathedralis Argentaria" [1]
  4. ^ Fringe Theory Book - Badass Chicks by Angela Robinson
  5. ^ The Templar Legacy by Steve Berry, Random House, Inc