Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For
“Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts.”
To put this 303 trillion dollar figure into perspective, the economies of the world generate 60 trillion dollars annually. I think we should henceforth call this nation the united bankster states of America.
How nice it is that the banksters have been given a get-out-of-bankruptcy-free card for Christmas.
Thanks to this bill that has made 300 million Americans liable for any and all losses in the 303 trillion dollar derivate casino, are all Americans potential anti-millionaires ?
MUST READ: Open Letter to the World From a Blocked Ukrainian Parliamentarian — 100% TOTAL DESPOTISM IN UKRAINE
“I, Elena Bondarenko, People’s Deputy from the Party of Regions, finding myself in opposition to the current power in Ukraine, wish to declare that this administration has resorted to direct threats of physical elimination of the opposition in Ukraine; has resorted to suspending the right of freedom of speech, in parliament and out, and is implicated in complicity in crimes not just against politicians, but even against their children. The everyday life of an opposition deputy is this: constant threats, unofficial ban from the airwaves, targeted persecution. Everyone who calls for peace is immediately branded as an enemy of the people, just as in 1930’s Germany, or in McCarthyite US.”
Jack Ryan’s ‘Russia-Dollar Monetary War’ Park Bench Speech
Yep, dumping the derivative losses of 303 trillion dollars on the American taxpayer will keep the casino from going bankrupt while crashing the dollar.
Chris Hedges on “Hillary Clinton And The 2016 Elections”
Bush was a terrible president.
Clinton was more terrible.
Bush the son was even more terrible.
Clinton the wife would be unspeakably terrible.
Paul Craig Roberts-US Government Most Corrupt on Earth
“On the teetering economy and possible economic collapse, former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositor’s money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of this, so banks can gamble on derivatives, and taxpayers and depositors are on the hook for the losses. Why would you do that unless you had a lot of derivatives trouble. It could easily be the oil derivatives. . . . The banks can gamble all they want and they are covered by the FDIC, which has no money. . . . This gives the banks access to depositor’s money. . . . This is sick, and it shows the United States government is the most corrupt government on earth, far more corrupt than Russia or China.””
Treasury Department seeks survival kits to prepare employees at every major bank for coming collapse
The tin foil hat wearing people at the Treasury Department.
Are Government Health Authorities Taking Away Your Choice to Refuse Vaccines?
“The Media Blackout: Vaccine News in Mainstream Media is One-sided”
Gardasil: I Should Have Researched First
This Shocking Admission Has Just Rocked The Gold Market
““Here is the key quote for the move to close down the gold business: ‘Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented.’”
“It is of course hard to identify gold’s origin when central banks are surreptitiously involved in the gold market, and when central planners work hard at keeping their activity secret. Central planners always want to work behind closed doors. The reason they give for this desire for secrecy is just plain silly.”
Keiser Report: Debt Meteor Approaching Earth (E692)
The Global Bankers’ Coup Coming to US with Bail-In Bill
“On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.”
Moyers: Democrats Bow Down To Wall Street
Agent Provocateurs at Berkeley Protests? They’ve Done it Before.
17 Year Old Held Captive in Chicago Hospital: Denied Choice of Attorney – Protest & Rally Scheduled!
Bitcoin: Don’t write it off just yet
“Putting the ability to create financial systems outside of the control of “corrupt” institutions and into the hands of individuals will be transformative for the roughly five billion people who have either no access or limited access to banking.”
Winklevoss Capital Launches Investor Syndicate with an Eye on Bitcoin
“bitcoin and blockchain technology are going to prove to be two of the most significant and pervasive technologies the world has ever seen”
More pervasive no doubt than the internet.
American Express CEO Sees ‘Importance’ of Bitcoin
ZDNet’s Ken Hess Attacks Bitcoin as ‘Illegal’
“Hess’s problem with Bitcoin seems to be that it is being used as a form of currency and that, under “Article 1, Section 8, Clause 5 of the Constitution of the United States, only the US Treasury can coin currency.””
Two misquotes here. One, ‘coin money’ not ‘coin currency’, two, the word ‘only’ is an addition. That same section says the congress has the power to establish post offices. This is not an exclusive power, hence the private company called federal express.
MasterCard Executive Argues Bitcoin Can’t Be Trusted
“Driver argued that bitcoin’s design makes it difficult for individuals to both trust that their transactions are safe and have faith in the system at large. He asserted that the ability for individuals to “guarantee [their] anonymity” by using digital currencies is especially troubling, a notable comment given that bitcoin has long been recognized as a pseudonymous network.”
Mathematics is what makes bitcoin trustworthy.
Again, someone is confusing anonymity with pseudonymity.
Decentralization: Get ready for the Revolution
Bitcoin Exchange Igot Expands to Over 40 Countries
Political Prisoner Barrett Brown to Be Sentenced Tomorrow – Why the Result Matters to Freedom in America
“Brown has now served over two years in federal penitentiary without bail and his sentencing is tomorrow. He faces 10 years in jail for basically exposing the shady relationship between intelligence contractors and the U.S. government.”
America is definitely not the nation I am being told it is.
Germany Ready to Destroy Its Economy Tomorrow
“The country’s constitutional court will decide whether families can continue to transfer companies from one generation to the next without having to pay estate tax. This will wipe out potential growth in the country’s 3 million small- and medium-sized companies that are privately owned. These companies serve as the backbone of Europe’s largest economy and such a ruling will impact more than 130,000 family businesses with 1.6 million employees are set to change hands by 2018 alone.”
Are You Really Ready For The World To Be Ruled By Bankers?
“Explaining the rationale behind the move, Klugian told reporters, “Instead of constantly flying out from New York to give members of Congress their marching orders, Citigroup executives can be right on the floor with them, handing them legislation and telling them how to vote. This is going to result in tremendous cost savings going forward.””
Despite Sydney’s Gun Control, Gunman Holds Hostages For 16 Hours
DHS insider: Sydney to be the game changer
“According to this DHS source who is well-embedded at a fairly high level within this political leviathan inside the beltway, high level DHS briefings made late Sunday (Washington, DC time) confirmed that various police and intelligence agencies throughout New South Wales and Australia not only know the identity of the perpetrator at the Lindt Café, but “[they] have had numerous dealings with him over the last several months.” This source stated that “he is not just some random unknown perpetrator without a history, but has made his intentions known for some time. Once or if the truth comes out, you will see that he is also known by the CIA.””