 "Do you want
to know the real reason banks aren't lending and the PIIGS have control
of the barnyard in Europe?
-
- It's because risk in the $600 trillion derivatives market
isn't evening out. To the contrary, it's growing increasingly concentrated
among a select few banks, especially here in theUnited States.
-
- In 2009, five banks held 80% of derivatives in America.
Now, justfour banks hold a staggering 95.9% of U.S. derivatives, according
to a recent report from the Office of the Currency Comptroller.
-
- The four banks in question: JPMorgan Chase & Co.
(NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC)
and Goldman Sachs Group Inc. (NYSE: GS).
-
- These are four of the Big-Six Banks that people are pulling
their money out of NOW. Six-Hundred-Trillion dollars is a huge payday;
so WHY aren't any of the agencies responsible for protecting the people
of this country, even remotely interested, in preventing this CRIME!
-
- At the very least this is a HUGE CRIME IN PROGRESS, that
has been discussed worldwide; yet our own government's criminal agencies
have yet to even blink. Since seven months BEFORE 911, the FBI has occupied
itself with hunting down innocent Americans, spying on us 24-7 and even
creating 17 separate fake bombing stories in which they turned out to be
both the originators of the idea and the agency that furnished the money
& the material to supposedly catch terrorists: only to have the whole
thing in each case, blow up in their filthy-un-American faces? (2)
-
- Now this story has surfaced and AGAIN, where is the un-American
FBI they're protecting the bad-guys, as usual, when what they should
be doing is insuring that the public is not robbed blind: AGAIN!
-
-
- "Derivatives played a crucial role in bringing down
the global economy, so you would think that the world's top policymakers
would have reined these things in by now - but they haven't. Instead of
attacking the problem, regulators have let it spiral out of control, and
the result is a $600 trillion time bomb called the derivatives market.
-
- Think I'm exaggerating?
-
- The notional value of the world's derivatives actually
is estimated at more than $600 trillion. Notional value, of course, is
the total value of a leveraged position's assets. This distinction is necessary
because when you're talking about leveraged assets like options and derivatives,
a little bit of money can control a disproportionately large position that
may be as much as 5, 10, 30, or, in extreme cases, 100 times greater than
investments that could be funded only in cash instruments.
-
- The world's gross domestic product (GDP) is only about
$65 trillion, or roughly 10.83% of the worldwide value of the global derivatives
market, according to The Economist. So there is literally not enough money
on the planet to backstop the banks trading these things if they run into
trouble.
-
- Compounding the problem is the fact that nobody even
knows if the $600 trillion figure is accurate, because specialized derivatives
vehicles like the credit default swaps that are now roiling Europe remain
largely unregulated and unaccounted for." (1)
-
- So are we to believe that there is absolutely nothing
that can be done about this "Crime of the Century" that continues
to unfold? The smallest of the victims here are the people who still have
their accounts in these Mega-banks that are now attempting to lock out
their customers and otherwise are scrambling to prevent people from taking
their hard earned money out of these criminally-connected banks!
-
- The rest of the public that has yet to act needs to begin
to move very swiftly TOMORROW, to insure that they can get their money
back before these Banking Monstrosities implode!
-
- kirwanstudios@sbcglobal.net
-
- 1) Derivatives the $600 Trillion Time Bomb that's set
to explode
- http://moneymorning.com/2011/10/12/derivatives-
the-600-trillion-time-bomb-thats-set-to-explode/
-
- 2) The Judge Accuses FBI & Our Government of being
the Real Terrorists
- http://newsworldwide.wordpress.com/2011/10/12/the-judge-accuses-fbi-our-
govt-of-being-the-real-terrorist-creating-terror-plots-in-america/
|
