I really could see this coming... The world wide collapse of the price of Petroleum is causing severe problems in all the world's fraudulent financial markets... Major shareholders everywhere and especially in that casino called 'Wall Street' have been offloading and selling off all of their shares in Energy and Energy futures... On top of that, the collapse of the price of a barrel of Oil is spelling the end to the Petro Dollar scam and therefore the United States economy is finally (yes, after years of warnings at this site) entering a period of full collapse.... The general public is being purposely kept in the dark about these matters with the criminals hoping that they will spend themselves into oblivion with this present Christmas shopping spree... But after Christmas, the markets and the economy will be in serious trouble.....I have pointed out previously how the criminal governments in that fraud G20 group met in Brisbane Australia just over a month ago and quietly, hoping that people would not catch on, passed new laws and regulations that have changed the wording of a "savings" account in their criminal banking institutions to "unsecured investments" into those banks.... What this means is that anyone that puts their money into any criminal banking institution has no way of getting their money back if those banks "fail".... The spin doctors in the media and our governments have conveniently called this action "bank bail ins" but in reality it is nothing more than blatant THEFT! Sadly, few people have gotten wind of this diabolical G20 Summit resolution, but they will feel the effect when the financial collapse comes, and it is definitely coming!Right now, I want to present a most interesting article that comes from a website called "Political Vel Craft" at www.politicalvelcraft.org..... The article is entitled: "Rothschild Bankers Lobby Congress To Force Taxpayers To Insure $Trillions$ Of Fraudulent Bank Derivatives!", and is one of the most important articles that shows everything that I and others have been saying for quite some time.... That these criminal banksters are about to steal everyone's hard earned savings by forcing citizens to "bail them out" when the financial collapse comes, and it is definitely coming...... I have that article right here, and of course my own thoughts and comments to follow: Rothschild Bankers Lobby Congress To Force Taxpayers To Insure $TRILLIONS$ Of Fraudulent Bank Derivatives!! Posted by Volubrjotr on December 8, 2014 Editor’s Note: As Michael Snyder notes, JP Morgan Chase, Goldman Sachs, Citibank, Bank of America, Morgan Stanley, and plenty of others have manipulated the market with these derivative bets, and have at least $40 trillion in derivatives exposure. If Congress passes FDIC protection for these controversial and complex financial instruments, it could dwarf existing debt held by the federal government and cost taxpayers an absolutely insurmountable sum, all while letting the bankers walk away free, and with their other winnings in hand.
CLICK TO ENLARGEHeads Up: Rothschild Bankers Who Screwed Everyone In Ireland Are Finally On Trial: Ireland Joins Iceland, Egypt, Russia, Hungary, China, & IranBack in 2011, the Federal Reserve quietly stepped up to the plate to back Bank of America in attempting to park more than $75 trillion in European derivatives exposure in a division covered by FDIC (Federal Deposit Insurance Corporation) loss insurance – meant for ordinary consumers to promote general confidence in the banking system!
Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.
The FDIC objected, and the deal stalled, but the gesture has been attempted on other occasions as well, and the banks are now seeking to make this a general protection for derivatives at large. This is the ultimate in letting American taxpayers hold the bag, while the real criminals speed off in the proverbial get away vehicle – all with the Federal Reserve in the driver’s seat, mind you.Wow! The mantra of private gains, public losses has never been more true; meanwhile, the American people are serious trouble if this passes through.
CORRUPT BANKERS & BOEHNER SPECIALIZE IN PAPER HANGING HANDCUFFS!
New Law Would Make Taxpayers Liable For TRILLIONS In Derivatives Losses
If the quadrillion dollar derivatives bubble implodes, who should be stuck with the bill? Well, if the “too big to fail” banks have their way it will be you and I. Right now, lobbyists for the big Wall Street banks are pushing really hard to include an extremely insidious provision in a bill that would keep the federal government funded past the upcoming December 11th deadline.This provision would allow these big banks to trade derivatives through subsidiaries that are federally insured by the FDIC. What this would mean is that the big banks would be able to continue their incredibly reckless derivatives trading without having to worry about the downside.If they win on their bets, the big banks would keep all of the profits. If they lose on their bets, the federal government would come in and bail them out using taxpayer money. In other words, it would essentially be a “heads I win, tails you lose” proposition.Just imagine the following scenario. I go to Las Vegas and I place a million dollar bet on who will win the Super Bowl this year. If I am correct, I keep all of the winnings. If I lose, federal law requires you to bail me out and give me the million dollars that I just lost.Does that sound fair?Of course not! In fact, it is utter insanity. But through their influence in Congress, this is exactly what the big Wall Street banks are attempting to pull off. And according to the Huffington Post, there is a very good chance that this provision will be in the final bill that will soon be voted on…
According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11.Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said.
Sadly, most Americans don’t understand how derivatives work and so there is very little public outrage.But the truth is that people should be marching in the streets over this. If this provision becomes law, the American people could potentially be on the hook for absolutely massive losses…
The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts.
This is not the first time these banks have tried to pull off such a coup. As Michael Krieger of Liberty Blitzkrieg has detailed, bank lobbyists tried to do a similar thing last year…
Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:CLICK TO ENLARGE
Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. The last time Mr. Himes made an appearance on these pages was in March 2013 in my piece: Congress Moves to DEREGULATE Wall Street.FATHER OF THE FINANCIAL CRISIS – BILL CLINTON
Fortunately, it was stopped in the Senate at that time.But that is the thing with bank lobbyists. They are like Terminators – they never, ever, ever give up.And they now have more of a sense of urgency then ever, because we are moving into a period of time when the big banks may begin losing tremendous amounts of money on derivatives contracts.For example, the rapidly plunging price of oil could potentially mean gigantic losses for the big banks. Many large shale oil producers locked in their profits for 2015 and 2016 through derivatives contracts when the price of oil was above $100 a barrel. As I write this, the price of oil is down to $65 a barrel, and many analysts expect it to go much lower.So guess who is on the other end of many of those trades?The Rothschild banks.Their computer models never anticipated that the price of oil would fall by more than 40 dollars in less than six months. A loss of 40, 50 or even 60 dollars per barrel would be catastrophic.No wonder they want legislation that will protect them.And commodity derivatives are just part of the story. Over the past couple of decades, Wall Street has been transformed into the largest casino in the history of the world. At this point, the amounts of money that these “too big to fail” banks are potentially on the hook for are absolutely mind blowing.As you read this, there are five Wall Street banks that each have more than 40 trillion dollars in exposure to derivatives. The following numbers come from the OCC’s most recent quarterly report (see Table 2)…VIOLATORS OF ANTITRUST LAWSMERGING CONGLOMERATES INTO FASCIST DICTATORS! ~ CLICK TO ENLARGEWhen Saving Interest Rates Go Negative: Time For New Medium Of Exchange Bitcoin & Quark!It Begins ~ German Bank Charges Negative Interest As Economic Collapse Approaches: G20 Bloodsuckers Classify Your Savings As Paper Investments.JPMorgan ChaseTotal Assets: $2,520,336,000,000 (about 2.5 trillion dollars)Total Exposure To Derivatives: $68,326,075,000,000 (more than 68 trillion dollars)CitibankTotal Assets: $1,909,715,000,000 (slightly more than 1.9 trillion dollars)Total Exposure To Derivatives: $61,753,462,000,000 (more than 61 trillion dollars)Goldman SachsTotal Assets: $860,008,000,000 (less than a trillion dollars)Total Exposure To Derivatives: $57,695,156,000,000 (more than 57 trillion dollars)Bank Of AmericaTotal Assets: $2,172,001,000,000 (a bit more than 2.1 trillion dollars)Total Exposure To Derivatives: $55,472,434,000,000 (more than 55 trillion dollars)Morgan StanleyTotal Assets: $826,568,000,000 (less than a trillion dollars)Total Exposure To Derivatives: $44,134,518,000,000 (more than 44 trillion dollars)Those that follow my website regularly will note that the derivatives exposure for the top four banks has gone up significantly since I last wrote about this just a few months ago.Do you want to be on the hook for all of that?Keep in mind that the U.S. national debt is only about 18 trillion dollars at this point.So why in the world would we want to guarantee losses that could potentially be far greater than our entire national debt?Only a complete and utter fool would financially guarantee these incredibly reckless bets.Please contact your representatives in Congress and tell them that you do not want to be on the hook for the derivatives losses of the big Wall Street banks.When this derivatives bubble finally implodes and these big banks go down (and they inevitably will), we do not want them to take down the rest of us with them.SHTFPLANU.S. Monopoly Analog By Zionist Bankers: Iceland Follows President Jefferson’s Warning About Debt Load.Related Articles:
- The Only Currency You’ll Need In a Collapse
- Breaking => Iceland Sends Another Rothschild Banker To Prison For Market Manipulation.
- Panic: “Falling Oil Prices Could Trigger Nightmare Scenario for Derivatives… Day of Reckoning Rapidly Approaching”
NTS Notes: When the hell will people wake up to what is about to happen? I need not remind everyone that the financial "crisis" of 2008 was one where these criminal JEWISH banksters THREATENED the United States government with an "exposure" of some 75-80 TRILLION dollars in derivatives.. That "exposure" would have ruined the US economy and brought about a world wide economic collapse within months.... The US Government was forced to "bail out" the criminal bank fraudsters then (and are still bailing them out right now), otherwise the entire US financial system would have collapsed.....Now these criminals are pushing for the time of financial armageddon and are demanding that the US Government pass legislation that will take away the savings of hard working Americans and basically hand that money over to these crooks and the general public gets absolutely nothing in return..... This is exactly why the terminology of a "savings account" was magically changed to an "unsecure investment".... It is nothing more than blatant theft!People everywhere need to wake the hell up and see what is happening.... These crooks and scoundrels should all be in jail for their crimes against humanity... Sadly, because they also control our governments, they will indeed get their latest con passed without much public outcry.... Only when people's savings magically disappear will everyone finally wake the hell up, but by then it will be too late...More to comeNTS