4.89/5 (9) Now, this unusual story was shared by Mr. T.S., who sent it along with an email posing the question: "is this new account going to be used to bolster Commercial Banks with Funds from…
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I became interested in the question of how an organization whose business plan is theft can go bankrupt during the Enron debacle. I was well aware that many companies are forced into bankruptcy so that the executives can loot the pension plan and that this has been an accepted business practice for many decades; out of fashion now that there are no pension plans to loot.
Back in September True Publica published an article “Grand Theft Auto – UK and EU Bank Depositor Bail-In Regime Implemented” which described how banks throughout the EU would simply steal your deposits if any of them failed.
While the mass media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US. Poverty also kills.
Why are you so worried about “debates.” They’re not debates. They’re beauty pageants. Mindless media diversions. Psychotic interludes. Charm school rejects and sleight of hand. Bought and paid for political hacks playing the ol’ switcheroo. Just look at the topics that seem to command so much of our collective attention. Look at what we find interesting, critical and what we ignore and reject altogether. Look at the attention that our media will pay to underinflated footballs and other pseudo-controversies; it is beyond my comprehension.
This is what we’ve become. Lost. Disconnected. Narcissistic beyond any realm of comprehension. And it’s posh and cool to be profoundly nescient. Mention TPP and watch the vapid look . . . from the Ted Baxter sock puppet media. Just keep us amused. Give us surface level stories. Nothing too deep or profound.
George Carlin, America’s prophet said it best. He speaks to the futility and illusion of choice and substantive differences.
Hillary Rodham Clinton will not be elected President of the United States. Never. Repeat: Never.
She announced today. And while the scrums of her faithful acolytes surround her with plaudits and praise and paeans and economia and salivating support, they can’t tell you why. Facts, issues mean nothing. They never did. It’s like the Che T-shirt. It’s image and memes and symbols and semiotics. No chance of research here, kids. It’s feeling.
Filed under: videos Tagged: bail-in, BIS, derivatives, public banking
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. […]
