But it's the same here in the U.S.
runs the U.S. Treasury? Who actually runs our financial regulatory
agencies? Who actually runs the
Fed? The ghastly truth is:
All of the executives of the banks that are 'too big to fail' run these
agencies! Let's not fool ourselves any
words, the various CEOs who got the banks in trouble are now running economic policy in the United States. That's essentially what's happening in Europe
The world is
about to witness another round of derivatives horror -- but on a much broader
scale than last time. The powers-that-be
(i.e. the banksters) and their bought-and-paid-for politicians fully understand
what they must now deal with regarding failing derivatives.
How is it
that people don't understand the connection between this situation and all the
desperate measures we are currently seeing within our own government here in
the United States? For example, ask
yourself why the U.S. government would start purchasing massive amounts of hollow-point ammo rounds in addition to large purchases of assault
rifles and armored vehicles for several government agencies like the Department
of Homeland Security and the Social
Security Administration?! Anyone
familiar with hollow-point rounds understands that these rounds are designed to
kill people quickly and easily -- and not for training purposes, as the
government says. Why would you waste
money buying hollow points, which cost significantly more than target rounds,
if you are buying these rounds for training purposes? Such purchases makes absolutely no sense,
unless these government agencies have motives other than the ones to which they
According to this enlightening
article written recently by Michael Snyder called, "The Coming Derivatives
Panic that Will Destroy Global Financial Markets":
third Wednesday of every month, the nine members of an elite Wall Street
society gather in Midtown Manhattan.
These men share a common goal: to protect the interests of big banks in the
vast derivatives market, one of the most profitable -- and controversial --
fields in finance.
share a common secret: The details of their meetings, even their
identities, have been strictly confidential."
Snyder, the following large banks are represented at these meetings:
JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, and
Citigroup. So, when the casino finally
goes "bust," you will know who to blame. Without a doubt, says Snyder, a derivatives
panic is coming. It will cause the
financial markets to crash. Several of
the "too big to fail" banks will likely crash and burn and require
bailouts. As a result of all this,
credit markets will once again become paralyzed by fear and will freeze
up. So, we will once again see the U.S.
economy go into cardiac arrest -- only this time it will not be as easy to fix.
points to another financial derivatives collapse that these elitist banking
scum will use as an excuse, and as a device, to take whatever more they damn
well please from us.
And don't forget what the banksters got away with last time:
Blogger and cartoonist Ted Rall points out that the Office of the Comptroller of the Currency and the Federal Reserve released the details of the settlement between the Obama Administration and the big banks over the recent illegal-foreclosure scandal.
Citibank, JPMorgan Chase, Bank of America, Wells Fargo and other major home mortgage lenders foreclosed upon and evicted millions of homeowners between the start of the housing collapse in 2007 and 2011. Millions of families became homeless, including 2.3 million children. The vast majority of these Americans are still struggling; many fell into poverty from which they will never escape.
But it turns out that the banks had no legal right to evict these people . Disgusting, amazing, yet true. In many cases, the banks didn't have basic paperwork, like the original deed to the house. They resorted to "robo-signing" boiler room operations to churn out falsified and forged eviction papers. In others cases, people could have kept their homes if they'd been allowed to refinance, which is their right under federal law, but the banks illegally and underhandedly refused to allow them to do this, giving them the runaround, repeatedly asking for the same paperwork the homeowners had already sent in, until it was too late to avoid foreclosure proceedings. Soldiers fighting in Afghanistan and Iraq, protected from foreclosure under U.S. law, came home to find their homes having been sold at auction. In other cases, banks even repossessed homes where the homeowner had never even missed a mortgage payment.