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January 20, 2012

"Derivatives: The $600 Trillion Time Bomb That's Set to Explode"

By William Finnerty

"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."

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"And all the time we are denying with our lips what we are doing with our hands ..."

by W. Finnerty Thu Jan 19, 2012 18:32

"I will merely repeat that we are at present working, discreetly but with all our might , to wrest this mysterious political force called sovereignty out of the clutches of the local national states of our world."

Arnold J. Toynbee :

"He began his teaching career as a fellow of Balliol College in 1912, and thereafter held positions at King's College London (as Professor of Modern Greek and Byzantine History), the London School of Economics and the Royal Institute of International Affairs (RIIA) in Chatham House."  (From: http://en.wikipedia.org/wiki/Arnold_J._Toynbee )

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" There does exist ... an international Anglophile network ... "

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences."   (From: http://en.wikipedia.org/wiki/Carroll_Quigley )

Dr Carroll Quigley

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The text in the section above is based on a comment at the following Indymedia (Ireland) location:
http://www.indymedia.ie/article/101240&comment_limit=0&condense_comments=false#comment287310

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"And they're off, with RTE in the lead (I think?) ..."
by W. Finnerty Fri Jan 20, 2012 07:14

EPM, the "Establishment Propaganda Machinery" as I tend to think of it, appears -- to me at least -- to have started "preparing" the general public for their next step in the direction of full-blooded totalitarianism .

"The latest draft of the EU fiscal treaty makes it 'more likely' that a referendum can be avoided in (the Republic of) Ireland, according to a leading legal expert."

"The draft was published online earlier this evening by the Daily Telegraph."

"Dr Gavin Barrett of the UCD School of Law has said that the new draft seemed to suggest that the 'automatic requirement' for a referendum was now gone and that it was more likely that it could be avoided."


The above three excerpts have come from yesterday's RTE report at:
http://www.rte.ie/news/2012/0119/eutreaty.html

Changing the subject slightly, some readers may be interested to know that the Republic of Ireland Prime Minister Enda Kenny TD was among a group of 80 or so TDs (elected representatives) who was yesterday sent the "Derivatives: The $600 Trillion Time Bomb That's Set to Explode" information in the "Wed Jan 18, 2012 16:13" comment of this Indymedia Article.

For anybody interested, the full text of the e-mail used can be viewed at:
http://www.humanrightsireland.com/Dail31TDs/Group1of2/19January2012/Email.htm

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The text in the section immediately above is based on a comment at the following Indymedia (Ireland) location:
http://www.indymedia.ie/article/101168&comment_limit=0&condense_comments=false#comment287318

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"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."

From: http://moneymorning.com/2011/10/12/derivatives-the-600-trillion-time-bomb-thats-set-to-explode/

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Human Rights Ireland: http://www.humanrightsireland.com/

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Submitters Bio:
William Finnerty is back living in the Republic of Ireland at the present time, which is where he was born and where he grew up.

His father was Irish (County Galway), and his mother American (New York City).

He has worked mostly in the electronics industry (on a freelance basis).

He enjoys travel, and meeting new people.

Hobbies include photography, reading, and walking (especially in woods and by the sea).

Favourite quotes:

"If you really faced the world as it is, and tackled it, you would find it something infinitely greater than any philosophy, greater than any book in the world, greater than any teaching, greater than any teacher." (J. Krishnamurti)

"This above all: to thine own self be true." (William Shakespeare)

"When the power of love overcomes the love of power the world will know peace." (Jimi Hendrix)

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