FOR THE LOVE OF MONEY IS A ROOT OF ALL KINDS OF EVIL. (1 Timothy 6:10)
"When you see that trading is done, not by consent, but by compulsion - when you
see that in order to produce, you need to obtain permission from men who produce
nothing - when you see that money is flowing to those who deal, not in goods,
but in favors - when you see that men get richer by graft and by pull than by
work, and your laws don't protect you against them, but protect them against you
- when you see corruption being rewarded and honesty becoming a self-sacrifice -
you may know that your society is doomed."
—Ayn Rand, novelist & philosopher
The History Of The House Of Rothschild
1849: Gutele Schnaper, Mayer Amschel Rothschild’s wife dies. Before her death
she would state, "If my sons did not want wars, there would be
RED PILL NATION: 2/3rds of Russians Believe World Government Exists -
Poll - Aug 3, 2018
Meet the most woke white country in the world, not counting, perhaps,
Croatia, and well, probably Ukraine.
All Wars Are Bankers' Wars - Feb. 4, 2013
World War I casualties - over 37 million
World War II casualties - Over 60 million
All Wars Are Bankers' Wars! The IRS and The Federal Reserve Bank work
together to swindle USA citizens
The 16th Amendment and the Income Tax
1913 proved to be a transformative year for the nation's economy, first with the
passage of the 16th "income tax" Amendment and the false claim that it had been
"I think if you were to go back and and try to find and review the ratification
of the 16th amendment, which was the internal revenue, the income tax, I think
if you went back and examined that carefully, you would find that a sufficient
number of states never ratified that amendment." - U.S. District Court Judge
James C. Fox, Sullivan Vs. United States, 2003.
Later that same year, and apparently unwilling to risk another questionable
amendment, Congress passed the Federal Reserve Act over
Christmas holiday 1913, while members of Congress opposed to the measure were at
home. This was a very underhanded deal, as the
Constitution explicitly vests Congress with the authority to issue the public
currency, does not authorize its delegation, and thus should have required a new
Amendment to transfer that authority to a private bank. But pass it Congress
did, and President Woodrow Wilson signed it as he promised the bankers he would
in exchange for generous campaign contributions.
Woodrow Wilson later regretted that decision.
"I am a most unhappy man. I have unwittingly ruined my country. A great
industrial nation is now controlled by its system of credit. We are no longer a
government by free opinion, no longer a government by conviction and the vote of
the majority, but a government by the opinion and duress of a small group of
dominant men." -- Woodrow Wilson 1919
- The Federal Reserve Bank was started in 1913 with a hundred year charter
because they anticipated a comet impact on Earth in 2012 that would cause near
and it is still anticipated at a later date.
[Big News]: How Banks Can Modify Your Contracts During The Reset. -
Hyperinflation Part 2 of 4 - Apr. 20, 2018
2021 almost all loan contracts reset 2021.
(PANSTARRS) is a non-periodic comet with a hyperbolic orbit, discovered in May 2017
Britain To Scrap Libor Rate Benchmark From End Of 2021 - July 27, 2017
A substitute for the widely-used Libor interest rate benchmark must be in place
for banks to use by the end of 2021, the head of Britain’s financial markets
The ET Alien Simulation Of The Approaching B Comet Swarm - 06/10/2017 -
Comet K2 appears to be associated with
Sky Circles Connected To Crop Circles
It appears that the ET aliens noticed the extent that our 'elite' have gone to
in order to suppress the information that they were offering the people. Thus,
they generated several 'Blue Beam' Sky Circle events. These are very difficult
to fraud without going to extreme expense . . .
It is believed that the foregoing T367 and Avebury Manor crop circles are
warning about a comet threat to Earth. These 'red comets' are straight out of
the Bible. For example, Revelation 12:3
The elite take financial and political steps to protect themselves. Basically,
the Investment houses with the shortest wires to the NYSE and the most salient
pre-knowledge of the impending cosmic impact will pull their money out of the stock market first. The other
financial institutions will either have to take a loss or risk their investments
on the consequences of the impending cosmic impact. After the impact,
the stock markets will almost completely crash and the value of most stocks will
go to near zero. Bank examiners, with the survival kits
discussed below, will go into the ruined banks and extract what value they
# highlights major
changes in the banking laws indicating the Impending Catastrophies.
Euro Falling Hard Causing Financial Panic World Wide - August 13,
- 1) The Euro is pegged to the dollar
- 2) The US Corporation owns the Euro Nations Corporation
- 3) The Euro Value is based on the Gold taken form China during WW2
so if it is returned to China the Euro collapses If it is not returned
China will have a very hard time backing it’s Yuan with Gold.
- 4) China wants it’s Gold Backed
- 5) The Value of all Currencies respective to other currencies is set
12 months out.
#QANON, DOLLAR COLLAPSE, TRUMP ENDING THE FED - WITH WAYNE JETT, PT.
1 - Aug. 2, 2018
#QANON, DOLLAR COLLAPSE, TRUMP ENDING THE FED - WITH WAYNE JETT, PT.
2 - Aug. 3, 2018
BANK DECEPTION: Your Deposit Insurance...? - July 30, 2018
TRUMP’S TWEETS END THE MYTH OF FED INDEPENDENCE - July 30, 2018
But, instead of worrying about protecting the Fed from President Trump,
we should all worry about protecting the American people from the Fed.
The first step is passing the Audit the Fed bill, which Congress should
do before adjourning to hit the campaign trail. This will let the people
know the full truth about America's monetary policy. Auditing, then
ending, the Fed is key to permanently draining the welfare-warfare
NEW BANK SAFE DEPOSIT BOX LAWS WRITTEN A FEW YEARS AGO ARE NOW RESULTING
IN EMPTY BOXES. - July 27, 2018
A few years ago, a law was passed that allowed any bank to raid your
safe deposit box and take everything in it if you did not request access
for six months. After six months of not accessing it, it was considered
"abandoned". Additionally, Homeland security gave all banks permission
to go into your box at any time, and steal any gold bars, guns,
passports and documents which "could be considered contraband" with no
proof it really was contraband, any time they want, without the six
month limit, without a court order, and without any warning whatsoever.
So called "experts" are still claiming it takes a warrant and a court
order and whatever else, but their ignorance of what Homeland Security
has done does not change the fact that it is not needed and no one knows
their box has been emptied until they go to check it. The banks then
play stupid about it because they know whoever they take from has no
recourse and it is all perfectly "legal".
Obviously if people are only now complaining about their money being
taken, most banks opted to not raid the boxes. But Bank Of America
decided to, and has started cleaning out boxes that are fully paid and
regularly visited. Legislators got the "abandonment" time down to three
years in most states and eventually reduced it to six months, even if
the bill was paid which would clearly mean the box was not abandoned
BANK OF AMERICA CAN'T EXPLAIN SAFETY DEPOSIT BOX DISAPPEARANCES -
July 26, 2018
[7.21] Weird Deaths (Deep State?)/Q Connections/James Gunn/TRUMP TO TAKE
OVER FEDERAL RESERVE? Destroying the Illusion - Jul 21, 2018
EXPERT: TRUMP POISED TO TAKE CONTROL OF THE FEDERAL RESERVE - July
The Fed doesn’t stabilize markets and money - it does the opposite
Dick Bove: Trump POISED TO TAKE CONTROL OF THE FEDERAL RESERVE -
July 20, 2018
- President Trump sharply criticized the Federal Reserve this week,
saying interest rate increases are hurting the economy.
- Trump will have the opportunity to fashion the central bank in the
image he would like as he has four vacancies to fill on the board of
- The result could be a more politicized Fed.
THE HIDDEN MEANINGS IN THE NEW $100 BILL!
One of the central themes of my work at the Road to Roota Letters is that there
is a group of people working to end the fiat money system and return the US back to the Gold
WHY THE YIELD CURVE CHANGES DIRECTION AHEAD OF A RECESSION - Jun 18,
Conventional wisdom is that an inversion of the yield curve (short-term
interest rates moving above long-term interest rates) signals that a recession
is coming, but this is only true to the extent that a recession is always
coming. A reversal in the yield curve from flattening to
steepening is a far more useful signal.
What a yield curve inversion actually means is that the interest-rate situation
has become extreme, but there is no telling how extreme it will become before
the eventual breaking point is reached.
"THE GLOBAL BOND CURVE JUST INVERTED": WHY JPM THINKS A MARKET CRASH MAY BE
IMMINENT - 06/06/2018
the JPM analyst showed that the forward curve for the 1-
month US OIS rate, a proxy for the Fed policy rate, had already inverted after
the two-year forward point . In other words, while cash
instruments had yet to officially invert, the market had already priced this
BLINDED BY NOMINAL CONFUSION: Recognizing Opportunities During Hyperinflation
Part 3 of 4 - May 03, 2018
SMOKING GUN: 2021 - THE YEAR OF COLLAPSE - May 03, 2018
HYPERINFLATION, MORTGAGES, PAPER METALS TRADING. Q&A WITH ERIC GRIFFIN AND
LYNETTE ZANG - May 1, 2018
This 'end of 2021 date' applies to all loans written after 2008 that must
conform to Basel III
An Introduction To Basel III - Its Consequences For Lending - October
On 12th September, 2010, the Basel Committee on Banking Supervision agreed on
detailed measures to strengthen the regulation, supervision and risk management
of the banking sector. This package of measures, known as Basel III, supplements
the existing International Convergence of Capital Measurement Document (Basel
II) which came into effect across the European Union, and many other
jurisdictions, in 2008.
It is expected that Basel III will be implemented progressively across the
European Union (and elsewhere) between 2013 and 2019. The implementation will
require a series of directives and regulations to be introduced at both
Community and national level.
Too LIBOR, Too Late: Time To Move To A Market Rate - November 15, 2012
Editor’s Note: In an article for International Competition Policy’s Antitrust
Chronicle, Michael Barr proposes four alternatives to LIBOR and argues for an
actual, traded, transparent rate in a liquid market.
But the market for actual, unsecured interbank lending is currently thin, and
likely to get thinner, as both the Dodd-Frank Act's
interbank credit limit and the Basel III's liquidity requirements will penalize
such transactions. Thin trading means unreliable
pricing, and the incentives for manipulation and
collusion would remain strong unless actual borrowing
volumes are high compared to the volumes of other LIBOR-related transactions
that might benefit from cooked submissions.
THE WICK HAS BEEN LIT: How Long is the Fuse? - Apr. 26, 2018
(THE WICK) PATTERN SHIFT ALERT – 10 Year Treasury Yield Hit’s 3%
Since mid-2016 interest rates have more than doubled, from a low about 1.37% to
(at this writing) 3.03%. We must go back to 2014 to see that level. If this is
indeed a breakout, the next most likely level would be 3.5%.
(THE FUSE) Deutsche Bank
The bank that can transmit that pain globally, according to the IMF, is Deutsche
Bank has now had three years of losses. Most of 2017 losses were attributed to
its derivative book which impacted their assets to the tune of 7%. This happened
in a one way…up market. I wonder what’s happening now?
QUEUE PIECES TO #1253 - FINANCIAL GRAFT BOTTOM TO TOP Seething Frog - Apr
Que keeps saying "Bigger than you think." Well, here is a scaling of graft for
what we might commonly believe to the Masters of All.
YOUR GOLD IN VAULTS? CONFISCATIONS, MATTRESS MONEY, 2021, AND MORE… Q&A with
Lynette AND Eric - 4/24 - Apr. 24,2018
Reset of all loan and other financial documents in 2021, first most distant
comet ever observed passes perihelion Dec. 2022
DO YOU SEE IT COMING? $1 = $0.01 Hyperinflation - Part 1 of 4 - Apr 12,
GREGORY MANNARINO – FED ALREADY LOST CONTROL OF MARKETS - Mar. 3, 2018
Watch for the bond market to crash first .
BENJAMIN FULFORD: DECEMBER 8, 2017 - Dec. 8, 2017
2.5 million tons in Bank Of International settlements. They use
'admiralty law'. Traces back to King James version of the Bible. Sin =
Debt. Your Stock Number on the back of the your Social Security
YOU’RE JUST NOT PREPARED FOR WHAT'S COMING - Dec. 4, 2017
And make no mistake: it's the mental and emotional preparation that
matters the most. If you can’t cope with adversity and uncertainty,
you’re going to be toast in the coming years.
Those of us intending to persevere need to start by looking
unflinchingly at the data, and then allowing time to let it sink in.
Change is coming - which isn't a problem in and of itself. But it’s pace
is likely to be. Rapid change is difficult for humans to process.
Those frightened by today's over-inflated asset prices fear how quickly
the current bubbles throughout our financial markets will
deflate/implode. Who knows when they'll pop? What will the eventual
trigger(s) be? All we know for sure is that every bubble in history
inevitably found its pin.
These bubbles – blown by central bankers serially addicted to creating
them (and then riding to the rescue to fix them) – are the largest in
all of history. That means they’re going to be the most destructive in
history when they finally let go.
Millions of households will lose trillions of dollars in net worth. Jobs
will evaporate, causing the tens of millions of families living paycheck
to paycheck serious harm.
The inevitable destruction caused by the current froth of bubbles is
going to hurt a lot of people, institutions, pensions, industries and
countries. Nobody will be spared when these burst. The only question
left to be answered is: Who's going to eat the losses?
This is not a future question for a future time; it's one that's being
answered daily already. Pensioners are already taking cuts. Puerto
Rico will not be fully rebuilt. Shale wells drilled when oil was
$100/barrel, but being drained empty at $50/barrel, represent capital
already hopelessly betrayed. Young graduates with $100,000 of student
debt face lost decades of capital building. The losers are already
HOW THE DEVELOPMENTS IN SAUDI ARABIA MAY FORETELL COLLAPSE OF
PETRODOLLAR - 14.11.2017
Dr Ozdemir, however, said that the petrodollar system has little chance
of survival in the long-term.
"Although with the election of Trump, the supporters of this system have
won in the short-term, it has no chance for success in the long-term. We
should expect new moves from other large oil suppliers into China,
namely Russia and Iran. If we review who the major oil importers to this
country are, it is Russia in the first place, then Iran and only then
Saudi Arabia. For the petrodollar system to keep working, Iran will be
chosen as a target," the expert suggested.
Dr Ozdemir noted that the fact that the International Monetary Fund has
recognized the yuan as an official reserve currency, the new system
which China is introducing in its international payments, the
development of bank clearing only confirm that Russia and China are
strengthening their capabilities and will soon switch to their national
currencies for all payments.
The expert also noted that recent developments in the Asian-Pacific region
signal that this region is coming to the forefront – with China being in the
very center of affairs. This might well signify the last stage of the US
hegemony and petrodollar system, he concluded.
A TSUNAMI OF FINANCE: GERMAN EXPERT WARNS OF IMMINENT COLLAPSE OF 'WORLD
CASINO' - 12.10.2017
Wolff declared that "the financial economy is infinitely larger than the real
economy and has been completely detached from the real economy by not producing
anything of value."
"In the last 30 years it has become a huge casino in which money is simply
pushed back and forth. Since the system is built on loans that need to be
serviced, more and more money must be pumped into the system. The central banks,
such as the IMF or the ECB, are the largest manipulators of the financial
system. They are printing more and more money, which they now offer for zero or
negative interest rates."
The financial system rules the world yet it seems impenetrable to most ordinary
people, Wolff said.
"That's the way it's meant to be. Today, people in finance speak a language that
a normal person can no longer understand. They hide behind it," Wolff said,
likening the discourse to the "Doublespeak" in George Orwell's book 1984.
THE US ECONOMY IS FAILING - Paul Craig Roberts - Sep. 30, 2017
What we are witnessing in the United States is the first country to reverse the
development process and to go backward by giving up industry, manufacturing, and
tradable professional skill jobs. The labor force is becoming Third World with
lowly paid domestic service jobs taking the place of high-productivity, high-
value added jobs.
JIM WILLIE: ECONOMIC COLLAPSE IS PREDICTED IN 2017, US DOLLAR CRASH! (Video)
- 26 Sep. 2017
ships cannot unload Chinese cargo if payment in $ offered. Gold blacked
currency preferred? China leading the charge for change.
US REFUSAL OF RUSSIAN "SURRENDER TERMS" WARNED SIGNALS WESTERN BANKING COLLAPSE
"WITHIN MONTHS" - Sep. 18, 2017
Also to be noted, this report says, are the millions of people in the West
abandoning the US Dollar for what are called "cryptocurrencies" (such as
Bitcoin) they believe will protect them—and that Bank of Russia Chairwoman
Elvira Nabiullina has alerted to the dangers of by comparing the using of
“cryptocurrency” to a financial pyramid, and who in outlawing them stated "We,
in fact, do not legalize pyramids".
With both the BIS and China echoing Russia’s concerns about "cryptocurrencies"
being nothing more than a financial pyramid scheme, this report continues, some
American experts are now, also, coming to the same conclusion too, and who
"Microsoft, Apple and Google are all very tight with the U.S. government. It's
part of the reason why Russia continues to crack-down on use of their software.
Putin knows it's all spyware.
Second, if your cryptos are stored in your browser then they can be stolen from
Forget petty thieves. I'm thinking much bigger than that.
Do you really think any of these companies would not comply with an IRS decree
to seize your assets directly off of your computer?'
JOHN MCAFEE ACCIDENTALLY JUST REVEALED WHY BITCOIN IS A TOTAL FRAUD: BEHOLD THE
LOGIC OF "ARTIFICIAL WORK" - September 17, 2017
This admission should be shocking to all Bitcoin holders for the simple reason
that if Bitcoin drops below $1,000, mining now becomes unprofitable, rendering a
very large part of the entire Bitcoin mining infrastructure instantly obsolete.
The only thing keeping Bitcoin mining profitable right now is the bubble pricing
of Bitcoin itself, and because all bubbles eventually burst, Bitcoin mining will
sooner or later reach a point where it’s not worth the investment of hardware,
electricity and time. (There’s also the 21 million coin limit that's rapidly
approaching, by the way, which will spell the end of Bitcoin mining as it is
WARNING! FEDERAL RESERVE TO START PROCESSING ACH PAYMENTS IMMEDIATELY -
PREPARING CYPRESS TYPE BAIL IN? - Sep. 13, 2017
The Automated Clearinghouse (ACH) is an electronic payment delivery system which
processes electronically originated credit and debit transfers for institutions
nationwide. ACH is a rapidly growing alternative to processing credit cards and
handles billions of payments annually. ACH payments are payments that are
processed using a customer’s bank account and routing information.
ROTHSCHILD: OUR NEW WORLD ORDER WILL BE A REALITY IN 2018 - Sep. 13,
The excerpt below appeared in the print magazine on January 9, 1988, in Vol.
306, pp 9-10.
Ready for the Phoenix
THIRTY years from now, Americans, Japanese, Europeans, and people in many other
rich countries, and some relatively poor ones will probably be paying for their
shopping with the same currency. Prices will be quoted not in dollars, yen or D-
marks but in, let’s say, the phoenix. The phoenix will be favoured by companies
and shoppers because it will be more convenient than today’s national
currencies, which by then will seem a quaint cause of much disruption to
economic life in the last twentieth century.
At the beginning of 1988 this appears an outlandish prediction. Proposals for
eventual monetary union proliferated five and ten years ago, but they hardly
envisaged the setbacks of 1987. The governments of the big economies tried to
move an inch or two towards a more managed system of exchange rates – a logical
preliminary, it might seem, to radical monetary reform.
THE HURRICANE OF OUR LIVES – AMERICA GOES BROKE AND NOBODY SEEMS TO CARE -
Sep. 10, 2017
After 2008, CD interest rates have fallen from 6% to the current 1/2% – 1%, and
the middle class has lost an estimated 42.5% of their accrued assets.
Many in the middle class are now running bare, with no more savings at all and
scraping to just survive and keep the lights on.
The stock market has been artificially “kited up” by the secret “plunge
protection team” which shortstops all electronic stock purchases for an instant;
it is calculated, and then buys or sells to attain its goals. Some insiders have
claimed that the USG now owns at least 50% of all stocks through proprietaries
Soon the market will drop substantially, and many of the big boys will make huge
fortunes by selling short, because they know when it will drop. Can you say
Retired folks used to be able to live off of the interest on what they had saved
during their many years of employment, but for many no more.
COMMENT Robert Rockefeller: You must remember, Federal Reserve Notes ARE NOT
DOLLARS. They ARE NOT DOLLARS. They are NOT dollars even legally. They are
LEGALLY defined as "Obligations of the United States". Dollar Bills are just
that - BILLS, like the LIGHT BILL, like the PHONE BILL, like the WATER BILL.
Just as you are OBLIGATED to py the LIGHT BILL so is the United States
OBLIGATEED to pay the DOLLAR BILL. It's DEBT. America IS FINISHED. IT's OVER,
don't you people understand that? How much MORE do you need to see before it
finally becomes self evident? AMERICA HAS BEEN DESTROYED. Its been DESTROYED for
YEARS now. Its NOT the United States created by Washington, Jefferson, Adams,
Franklin et al. It is NOT the United States anymore.
"DEAR PRESIDENT TRUMP: AMERICA IS IN FOR A RUDE AWAKENING IN JANUARY" - Sep
Here’s the proof that the U.S. dollar is under attack, right in front of our
The UN said we need "a new global reserve system... that no longer relies on the
United States dollar as the single major reserve currency." And the IMF admitted
they want to make "the special drawing right (SDR) the principal reserve asset
in the [International Monetary System]. More recently, the IMF advanced their
plan by helping private institutions, such as the UK’s Standard Chartered Bank,
issue bonds in SDRs. (Special Drawing Rights)"
This is all happening. And on January 1st, 2018, this trend to replace the U.S.
dollar will accelerate. That’s when the global elite will implement a major
change to the plumbing of our financial system.
Once other nations start accumulating the globalist currency through Distributed
Ledgers (block chain crypto currency), they will no longer need to hold dollars.
Once Distributed Ledgers go live, other nations will no longer need to buy
And that means our government will no longer be able to finance its normal
operations, including welfare programs like Social Security. For those who have
their retirement account parked in stocks, they could watch it evaporate in a
matter of days. The weakest companies in the stock market could collapse once
this plan goes live.
ELITE BANKER JUMPS FROM LONDON STOCK EXCHANGE BUILDING WITH A CHILLING
WARNING - August 16, 2017
A high-level senior investment banker has leaped to his death from a 7th-floor
balcony in the London Stock Exchange building.
The man jumped from a glass walkway of the British capital’s busy financial hub
and landed in the front lobby at around 9.45am UK time.
UH-OH! U.S. TREASURY WILL RUN OUT OF CASH THIS OCTOBER - WHAT THAT MEANS FOR
US! - June 30, 2017
DEBT CEILING WILL BE HIT IN OCTOBER, CBO ESTIMATES - June 29, 2017
BRANDON SMITH WARNS: "WE ARE ALREADY IN THE MIDST OF AN ECONOMIC COLLAPSE... THE
DATA POINTS SHOW AN ECONOMY IN SEVERE DETERIORATION... NOT RECOVERY" - June
First, consider the fact that the Federal Reserve, the key component along with
other central banks around the world in the rise of stock markets, is now
cutting off the flow of easy money through continued interest rate hikes. I
predicted this move back in 2015 when almost everyone said the Fed would go to
negative rates instead. Without no-cost Fed money to feed the machine, stock
markets have essentially stalled, and now, there is talk of a "tech dump" on the
horizon. With the vast majority of gains in equities the past year attributed
to only five major companies, all of them tech oriented, this would be a
disaster for stocks.
HSBC: BRACE FOR THE OIL, FOOD AND FINANCIAL CRASH OF 2018… UBS BANK CONFIRMED
THE SAME CONCLUSION A YEAR EARLIER - June 14, 2017
Between 2016 and 2020, non-OPEC production will be flat due to declines in
conventional oil production, even though OPEC will continue to increase
production modestly. This means that by 2017, deliverable spare capacity could
be as little as 1% of global oil demand.
This heightens the risk of a major global oil supply shock around 2018 which
could “significantly affect oil prices.”
X22REPORT FED ACCELERATES THE COLLAPSE OF THE ECONOMY, THE CLOCK IS TICKING
DOWN - June 14, 2017
Time Inc is cutting 300 jobs,
Toy R Us is in trouble as sales continue to decline.
Retail sales numbers are out and sales in each sector has declined. The retail
industry is imploding.
GM extends shutdown of more plants as inventories build up.
2nd Quarter GDP has taken another hit as the economy rips itself apart.
Bundesbank’s warns that they are now looking at the biggest asset bubble they
have ever seen and cryptos might cause everything to crash.
The US Gov/Central Banks are going after cryptos now.
The Fed makes their move and they raise interest rates. They have now just
accelerated the collapse of the economy. As BoA reports when the Fed tightens we
end up with an event.
JIM ROGERS: THE WORST CRASH IN OUR LIFETIME IS COMING - Jun. 9, 2017
Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they
completely disappear when everyone is obliterated, so no one is hoping for that.
So when is this going to happen?
Rogers: Later this year or next.
Blodget: And how big a crash could we be looking at?
Rogers: It’s going to be the worst in your lifetime.
Blodget: I’ve had some pretty big ones in my lifetime.
Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No,
it’s going to be serious stuff.
It’s going to be the worst in your lifetime — my lifetime too. Be worried.
These Charts PROVE Stock Market Manipulation! Most Convincing Chart I’ve
Seen! - June 11, 2017
Those with the shortest wires to the stock market will win, the others will
U.S. Army offering up to $90,000 re-enlistment bonuses to lure soldiers -
Jun 8, 2017
The president has unveiled a plan to grow the Army to 540,000 soldiers, with the
goal of having 476,000 soldiers by October. To fulfill that goal, the Army must
find 6,000 new soldiers, convince 9,000 current soldiers to commit to another
term and add 1,000 officers.
Donald Trump: The Federal Reserve Is Rigged! - 09.15.16
After an economic speech, Trump said again that the Federal Reserve is a tool of
the Obama administration—a claim economists have panned.
PANIC AS WELLS FARGO MAKES DRAMATIC MOVE! COLLAPSE OF ALL COLLAPSES & STOCK
MARKET CRASH 2017 - May 16, 2017
X22REPORT LAST ACT OF A CENTRAL BANK, PILLAGE THE PEOPLE AND LEAVE THEM
DESTITUTE, WE ARE HERE-EPISODE 1278a - May 12, 2017
X22REPORT BIG BANKS PUSHING SMALLER BANKS TO MERGE DEPOSITS BEFORE THE
BANK RUNS BEGIN - May 9, 2017
THE '51ST U.S. STATE' DECLARES BANKRUPTCY AS CORPORATE INSIDERS SELL
STOCKS AT THE FASTEST RATE SINCE THE LAST FINANCIAL CRISIS - May 3,
Saddled by mountainous debts and undermined by rapid population loss,
Puerto Rico filed for the equivalent of bankruptcy protection Wednesday
in a historic move that will trigger a fierce legal battle, with the
fate of the island’s citizens, creditors and workers at stake.
The oversight board appointed to lead the U.S. territory back to fiscal
sustainability declared in a court filing that it is “unable to provide
its citizens effective services,” crushed by $74 billion in debts and
$49 billion in pension liabilities.
'BREAKING POINT': PUERTO RICO FILES FOR HISTORIC $70BN BANKRUPTCY -
May 3, 2017
US territories are barred from filing for a traditional bankruptcy like
most US cities or states. Last year, Congress approved the Puerto Rico
Oversight, Management and Economic Stability Act (PROMESA) to address
the impending financial crisis Puerto Rico was already facing.
Under the PROMESA bill, the oversight board and the Title III process
were created. Title III, which is similar to the Chapter 9 bankruptcy,
allows Puerto Rico and other US territories to restructure their debt
under the supervision of a federal judge.
The announcement came a day after major creditors sued Puerto Rico over
defaults to its bonds. The Commonwealth held several meetings with
creditor representatives to come to an agreement. However, on Monday at
midnight, a temporary court stay that protected Puerto Rico from
lawsuits expired and negotiations were ended.
CLIF HIGH: HUGE CRISIS HEADED OUR WAY, CREDIT FREEZE, BANK RUNS & RIOTS -
November 13, 2016
FEDERAL RESERVE AND CLINTONS DOOMED - CLIF HIGH AND GREG HUNTER Video -
November 13, 2016
HSBC RED ALERT: GET READY FOR ‘SEVERE FALL’ IN STOCK MARKET… THE UNAVOIDABLE
CRASH IS COMING! - October 12th, 2016
BANK OF AMERICA WARNS OF IMMINENT RECESSION: “MARKET SO FRAGILE… IT’S DOWNRIGHT
SCARY” - 10/12/16]
CHINA NOW RUNS THE WORLD, SOROS SAYS. RELEGATING THE U.S. TO SECOND FIDDLE IN
BOTH ECONOMIC POWER AND GLOBAL INFLUENCE - October 9, 2016
"The Chinese economy has become the motor of the global economy," Soros
said. "This is a smaller motor (than the U.S. consumer) and that's why
the global system is not growing as fast."
The transfer of wealth is the result of the U.S. willingness to consume
more than it produces and China's willingness to produce more than it
consumes, Soros explained.
The "state capitalism" practiced in China is based on encouraging
Chinese citizens to seek riches by exploiting their cheap labor
resources through exports and then the government harvests the
accumulated wealth for the state by artificially holding down the value
of China's currency, Soros said.
The currency tensions with the U.S. cannot be resolved easily because
China will not want to do anything that breaks the "machine."
China’s Yuan Faces Long March to Challenge Dollar After SDR - September 26,
- Dollar - 41.73%
- Euro - 30.93%
- Yuan - 10.92%
- Yen - 8.33%
- Pound - 8.09%
WHY ROTHSCHILD IS SHIFTING FROM US DOLLARS TO GOLD, 'OTHER CURRENCIES' -
NEW THUG-LIKE BEHAVIOR FROM MAJOR BANKS BECOMING NORM - August 16, 2016
And if you are truly stupid enough to protest further, you will invariably be
reported to their banking security "thugs" who will promptly take you aside
physically if you dare to enter a bank branch, or will call you on your personal cellphone from a blocked number threatening you with
any number of physical, emotional, or psychological threats designed to keep you
afraid, and keep you in line.
Such is the current state of the Rothschild Central
Banking criminal empire, and it is only going to get
worse, so long as "whitewashing" entities masquerading as regulatory agencies
such as the cowardly and traitorous CFPB are manning the gates.
FINANCIAL CRASH WILL BE PUT ON LITTLE PEOPLE - ELLEN BROWN AND GREG HUNTER
Video - August. 16, 2016
Public banking expert Ellen Brown thinks big banks will be saved from a coming
calamity at the expense of the little people. Brown explains, “I think the big
banks won’t go down. They are protected by the bail-ins, which we haven’t yet
seen in the U.S., but we’ve seen them in Europe starting in Italy. They did them
starting last year. There were four small banks that got bailed-in . . . they
took deposit accounts where they got some interest, and they were called bond
holders. So, they took the bond holders’ money. They were really just ordinary
depositors that thought they were making a little interest. There was one man
who committed suicide because he lost his whole 100,000 euros. He pinned a sign
to his chest and blamed it on his bank. The effect of the bail-ins in Italy was,
rather than stabilize the banks, it destabilized the banks. Depositors in Italy
were pulling their money out. It seems to me that the way things are playing
out, the banks will be kept in place by governments because of this fear of the
collapse of this derivatives scheme. Who will be hurt? It will be the little
people. So, we will see a crash, but it will be a crash on us. We will lose our
deposits or we will have to do a bail-in.
PUTIN: RUSSIA WILL ABANDON THE US DOLLAR [Video] - August 14th, 2016
RON PAUL ! FINANCIAL MARTIAL LAW IN PROGRESS! PREPARE YOURSELF! UNDENIABLE
PROOF! - Aug. 10, 2016
THERE IS ONLY ONE BANK, THERE IS SINGLE SUPER ENTITY THAT CONTROLS
EVERYTHING: - July 19th, 2016
From video - The next event must be a massive war or terrorist attack
German economy on brink as Deutsche Bank closes nearly 200 branches - Jul
Speaking on Russia Today's Keiser Report, he added: "The bank needs to go out of
business, because they are not solvent.
"But politicians, including Schaeuble, allow for financial engineering products
to come onto the market that mask insolvency.
IT BEGINS, THE X22REPORT YUAN GOES GLOBAL AS CHINA GRANTS US FIRST
INVESTMENT QUOTA - Episode 992a - June 8, 2016
Minimum wage hike hits many areas and employers start to reduce hours
and layoff people.
Hiring tumbles as companies put out more job openings.
Student loans completely backfire, students are in more debt and have no
jobs, this entire bubble is a disaster.
Yuan goes global, China extends its hand to US and grants the US first
RIOTS ERUPT IN GERMANY AS ATTEMPT TO SHUT DOWN ROTHSCHILD’S EUROPEAN
CENTRAL BANK! - June 7, 2015
The CONTROLLED PRESS is saying how China is hacking our dept of defense
and obtaining all this information, when in fact, our DOD is now
completely controlled by the Zionists? Again, another clever deception
TO TRY AND USE TO ATTACK THE INTERNET AND CLOSE ANOTHER DOOR TO FREE
SPEECH. CHINA IS CONTROLLED AND RUN BY THE KHAZARS THROUGH GOLDMAN
SACHS AND THE OXFORD TRAINED LEADERS OF THE CHINESE GOV.
ITS SO OBVIOUS, ITS AGAIN A SCAM, THIS WORLD WAR THEY HAVE PLANNED WILL
BE ACCOMPANIED BY A BRUTAL POLICE STATE AS THEY DID IN NAZI GERMANY.
ROTHSCHILDS FUNDED AND RAN THE FASCIST GOVERNMENT OF GERMANY and here
they are again, only this time in the USA. With the planned repression,
they intend to also conduct war, which we will lose due to internal
conflicks created and sustained by the Rothschild bankers. Lets shock
them and win it and then purge every single one of them out of here
BRITAIN IS THE MOST CORRUPT COUNTRY IN THE WORLD, CLAIMS MAFIA EXPERT
ROBERTO SAVIANO -29 May 2016
Britain is the most corrupt country in the world, claims mafia expert
Roberto Saviano: 'It’s not the bureaucracy, it’s not the police, it’s
not the politics but what is corrupt is the financial capital
It’s not the bureaucracy, it’s not the police, it’s not the politics but
what is corrupt is the financial capital. 90 per cent of the owners of
capital in London have their headquarters offshore.
DOLLAR REALITY – END OF PETRO DOLLARS - May 26th, 2016
For the collapse theory: it appears the petro dollar is being dumped
which bodes ill for the dollar remaining the prime reserve currency. ——–
does not think it will and that SDR’s will replace it. Surely as this
eminent position of the petro dollar declines, there will be further
debasement? (loss of purchasing power) – the opposite of a stronger
These two factors (a) and (b) seem to be very much at odds with each
other. Does not a strong and growing stronger currency boost confidence
in government? or at least keep it in power.
- FINANCIAL COLLAPSE?
NEW YORK BRANCH OF KHAZARIAN MAFIA NOW FINAL OBSTACLE TO WORLD PEACE
- May 30, 2016
Rothschild and Khazarian mafia control has been
reduced, in essence, to the bankrupt G7 group of nations.
What is important to know is that the WDS and its allies have identified the names and locations of all the top
members of this ruling bloodline and have the technical capability of
removing them from this world. Doing so would
be the very last option the WDS would take and it would only happen if
it became necessary to do so to prevent genocide.
BENJAMIN FULFORD: 23:05:2016 -- Full Report - May 23, 2016
The man who is blocking the new financial system and preventing the use
of Asian gold for the benefit of the planet is Baron Jacob Nathaniel
Rothschild, according to his close relatives as well as the CIA. Baron Rothschild is the head of the Khazarian mafia
octopus that controls the issuance of US dollars, Euros, Japanese yen
and many other currencies, not including the Chinese yuan or the Russian
It was Rothschild who stood in the way when the Asian elders offered
gold at a 13% discount in order to set up a future planning agency
charged with ending poverty, stopping environmental destruction turning
this planet into a paradise. The plan is supported by the BRICS nations,
the Pentagon, most of the agencies and even many of Rothschild’s own
If Baron Rothschild does not contact the White
Dragon Society to negotiate a compromise within 24 hours of this
newsletter being published, the WDS will offer
1 ton of gold, available for pick up in Hong Kong, to anybody who can
persuade him to get out of the way.
The other thing that is imminent is the financial destruction of the
Israeli regime. That is because the US Senate overcame opposition by
puppet president Barack Obama to pass a bill that would allow US
citizens to sue foreign governments for not only terrorism but also
aircraft sabotage, hostage taking and extrajudicial killing. While the Khazarian mafia controlled press seems to think
this bill is aimed at Saudi Arabia, the real target is Israel. Israel (and its secret Rothschild kings) can now be
sued for 9/11, the Paris attacks, Malaysian flights 370/17, the Sinai
Russian aircraft crash and now, last week’s Egyptair incident. Pentagon
sources say the words "aircraft sabotage" were deliberately added
to the Senate bill just to make Israel accountable for its actions.
DE-PETRODOLLAR-IZATION ESCLATES - CHINA IMPORTS RECORD AMOUNT OF RUSSIAN
OIL IN APRIL - 05/23/2016
SHIP LEAVES TACOMA LOADED – THEY REFUSED THE DOLLAR - May 22nd,
DR. JIM WILLIE, THREAT’S BY PUTIN, DEATH OF U.S. DOLLAR, AND A NEW ARMS
RACE - May 21, 2016
1. AUDIO: Putting Dr. Willie’s words in complete context
2. VIDEO: Remind people Putin promised a “New Arms Race” thanks to the
United States, our Western allies, and our "banking cartel."
3. VIDEO: A new video confirms the U.S. Dollar is being rejected
worldwide, and Putin plans to kill the Dollar!
GLOBAL ELITE MAKING PREPARATIONS FOR POST DOLLAR WORLD – Rob Kirby and
Greg Hunter Video - May 17, 2016
DOLLAR REJECTED WORLDWIDE – PUTIN SAYS PETRO DOLLAR DEAD - May 16th,
9 CENTRAL BANKS TAKEN OFFLINE – MASSIVE ASSAULT ON "GLOBAL BANKING CARTEL" -
May 10th, 2016
RUSSIA AND THE COMING DEATH OF THE PETRODOLLAR - May 9, 2016
It appears Russia is close to taking the next big step towards de-
dollarization and killing the petro-dollar as Vladimir Putin’s “dream”
of ruble-based pricing of its domestically-produced oil is on the verge
of realization. SPIMEX (The St. Petersburg International Mercantile
Exchange) is actively courting international oil traders to join its
emerging futures market, which as Bloomberg reports, is designed "to
create a system where Russian oil is priced and traded in a fair and
PUTIN WANTS GOLD BACKED CURRENCY, SWEARS TO DESTROY ILLUMINATI IN 2016. -
April 26th, 2016
Putin wants the ruble backed by gold and swears Russia will never become a New
World Order cashless society. He claims he will destroy the Illuminati in 2016.
He says the New World Order plan to go cashless in a way
to enslave the populace. If an attack occurred on
the grid, the payments would stop. This would put society in a gridlock.
DID GOLDMAN SACHS’ LATEST MOVE INTO MAIN STREET BANKING JUST GIVE US A WARNING
ABOUT THE COMING FINANCIAL CRISIS? - 04/26/2016
If there were ever a signal that large investment banks may be preparing for
financial crisis and that they’ll be using your money to bail themselves out
when it hits, this could be it.
According to a new report from the Financial Times via The Daily Star, mega-banking giant Goldman Sachs is now getting into the
retail banking business and looking for more depositors to help fund their
By tapping regular retail depositors, Mr Scherr said, the bank can open up "a
different avenue to use, with a different orientation and a different
As part of this approach, the United States is preparing a proposal to require
systemically important banks to issue bail-inable long-
term debt that will enable insolvent banks to recapitalize themselves in
resolution without calling on government funding–this
cushion is known as a "gone concern" buffer.
Just so we’re clear, we are all bank creditors by these definitions,
COLLAPSE OF THE WESTERN FIAT MONETARY SYSTEM MAY HAVE BEGUN. CHINA, RUSSIA AND
THE REEMERGENCE OF GOLD-BACKED CURRENCIES - April 24, 2016
In a recent Russia Insider article, Sergey Glaziev, one of Russia’s top
economists and advisor to President Putin said about Russia’s currency, "The ruble Is the most gold-backed currency in the world". He went on explaining that the amount of rubles circulating
is covered by about twice the amount of gold in Russia’s Treasury.
It is no secret, the western dollar-led fiat monetary system is on its last
leg – as eventually any Ponzi scheme will be. What does 'fiat' mean? It
is money created out of thin air. It has no backing whatsoever; not gold, not even the economic output
generated by the country or countries issuing the money, i.e. the United States
of America and Europe. It is simply declared "legal tender" by Government
No pyramid scheme is sustainable in the long run and eventually will collapse.
It was invented and is used by a small invisible upper crest of elite making
insane amounts of profit on the back of the 99% of us. Since these elitists are
in control of the media with their lie propaganda, as well as the warmongering
killing machine, US armed forces, NATO, combined with the international security
and spy apparatus, CIA, MI6, Mossad, DGSE, the German Federal Intelligence
Service (BND) and more, we are powerless – but powerless
only as long as we ignore what’s really going on behind the curtain.
'THE END IS CLOSE FOR SURE' - CIVIL WAR, INSURRECTION AND MARTIAL LAW -
April 19, 2016
Ellen Brown-Depositors Die And Banks Live In Next Financial Calamity - Jan
Public banking expert Ellen Brown warns that people are more at risk in the U.S.
to lose their savings because the five biggest banks have
nearly $250 trillion in derivatives. In a financial
calamity that could cause mass bankruptcies, recent legislation says the
derivative holders will be paid first. Brown explains, "The have super priority
over everything. . . . All the creditors’ money will be taken in a bail-
in. A bail-in is the opposite of a bankruptcy. In a bankruptcy, the bank is
liquidated in order to pay off the creditors. In a bail-
in, the creditors' money is taken in order to keep the bank alive. So, we get to die while the bank lives instead of the
They specifically say 'creditors' which means shareholders and bond holders, but
what most people don’t realize is depositors are also
considered creditors. When you put your money in a
it becomes the property of the bank, and all you have is an IOU."
Regulators: U.S. Banks Have Six Months To Get Their Disaster Plans In Shape
- April 15, 2016
The regulators gave them an Oct. 1 deadline to fix the problems or face possible
“more stringent” requirements. That could include ordering the banks to beef up
their capital cushions against unforeseen losses. If the regulators still
weren’t satisfied, banks eventually could be forced to sell
Tsunami Of Dollars Coming Back To America Soon – Rob Kirby With Greg Hunter
- April 14, 2016
The Entire Status Quo Is A Fraud - - 04/14/2016
This can't be said politely: the entire status quo in America is a fraud.
The financial system is a fraud.
The political system is a fraud.
National Defense is a fraud.
The healthcare system is a fraud.
Higher education is a fraud.
The mainstream corporate media is a fraud.
Culture--from high to pop--is a fraud.
Need I go on?
We have come to accept fraud as standard operating practice in America, to the
detriment of everything that was once worthy. why is this so?
Is The American Debt-Note Factory Nearing Its End? - April 14, 2016
They are finding out it is a private corporation, a franchisee of the privately
owned Bank of London located in the City of London, a private Khazarian Mafia
nation-state with its own ambassadors and police.
The City of London is not a part of the UK and pays no taxes to England.
The RKM learned of the addictive nature of Turkish Opium and its medicinal and
intoxicating powers, and its ability to temporarily stop time and remove all
The Rothschild decided they would traffick opium into China to create massive
addictions and thereby recover all the silver and gold they had paid out to the
Chinese for tea, spices and silk. Opium was deployed by the Khazarian mafia
associated “bloodline families” as a weapon of covert economic war.
The Rothschild Khazarian Mafia (RKM) “Beast” is centered in the City of London
(COL) and is run by the Luciferian Rothschilds.
Because the RKM basically owns and control every head of most of the American
Intel and Law Enforcement Agencies they are basically immune from any arrest and
prosecution for their massive illegal drug trafficking into and across America
and much of the World.
President Andrew Jackson had driven the RKM Banksters out of America and felt
they were evil. He was correct. He fully understood that these COL Banksters
were foreign based vipers and parasites.
The private Federal Reserve System as well as it franchiser the City of London
RKM are both nearing complete collapse.
What this adds up to is that all world currencies will soon collapse. Private
gold ownership will soon be made illegal. In other words, you will not be able
to obtain private gold ownership much longer, so you better get in now. Why?
Because the criminal elite want to have a complete monopoly over all mediums of
The FRS has been buying up US Treasury notes from the Chinese and other nations
who fear they are soon approaching a complete loss of value. Thus the FRS and
the US Treasury are monetizing debt, which means they are kiting up the whole
system to manipulate the statistics to look good, while the whole system nears
>Recently an associate of the FRS approached several key
members of Congress and proposed that the USG federalize the Federal Reserve
System and take ownership for it.
But there are other secret forces at work here to expose her and block her, and
these go deep within certain secret factions in the Pentagon and some powerful
Intel agencies, and even Majesty, the beyond-black group that is alleged to
handle the most sensitive Alien ET matters including secret negotiations and
treaties with some such groups.
Far too many of their crimes were covered up and went unprosecuted because of
their being appointed by the RKM Hierarchy to serve as master RKM puppets.
The handwriting is on the wall, the days of the FRS and RKM World hegemony are
now limited, and the end for them is near.
Current Banker Meetings Are Deciding How to Confiscate Your Bank Account and
Retirement Accounts - April 13, 2016
The bankers and government are meeting this week. At issue is the confiscation
of your assets to facilitate a bailout of the banks. This time they are playing
On this front, there is bad news and really bad news. The bad news is that your
money could be rationed back to you with capital limits (i.e. how much you can
withdraw). All deposits will be made electronically. Cash withdrawals will soon
be outlawed. All paychecks must be direct deposited into a bank before the bank
customer has access to their paycheck. This will give the Federal Reserve
complete control over earned income in the United States.
What In The World Is Happening? Fed’s Are Panicking And Holding Multiple
Emergency Meetings—It's Coming! - April 12, 2016
Things are heating up this week as world dictators and financial leaders gather
in secret meetings all across America to discuss the fate of our global economy.
From Federal Reserve leaders, to Obama, to Joe Biden, to Janet Yellen, to many
others. Here’s just a piece of the financial events that are taking place this
1- The Federal Reserve Board of Governors held a "special
meeting" Monday April 11th, a closed door session.
2- After the Fed’s meeting on Monday, April 11th Obama and Biden met with
Federal Chair Janet Yellen.
3- The Feds posted yet another announcement for two additionally closed door
meetings on Tuesday and Wednesday to discuss “bank supervision, financial
Markets, Institutions, and Infrastructure).
4- On April 12-April 15th, Washington DC is holding a G-20 meeting about
In other words just about every major banker in the world is meeting in
Washington, D.C. this week, following three rushed meetings by the Federal
Reserve, and a meeting between three power heads Obama, Biden and Janet Yellen.
These historic events are causing a tidal-wave of concern to top economic
analysis and rightly so! Here’s more on this breaking report…
Is The Fed Preparing For The Next Financial Earthquake To Hit? - April 12,
I find the latter two topics in the context of the fact that it appears that the
European banking system – to which the U.S. Too Big To Fail Banks are
inextricably tied – appears to be melting down.
For me the "tell tale" for the western financial system
is Deutsche Bank. Deutsche Bank has emerged as a "rogue" bank of sorts that had taken on a catastrophic amount of Untitled1
(2)reckless credit market risks.
A "Massive" New Headache for Banks Has Emerged - April 12, 2016
After Emergency Federal Reserve Meeting Today, Obama And Biden To Meet With
Yellen! Rumor: Martial Law Discussions For Banking Failure - April 11,
Chinese are scheduled to announce their switch from
dollar to yuan on Tuesday, April 19th; which will send about two TRILLION in
cash back to the US and send inflation skyrocketing overnight.
If you are not prepared, you have run out of time.
You need to have emergency cash to live on in case banks close for a couple
weeks and shut down credit, debit cards and ATM’s; not cash to pay your bills,
but rather cash to SURVIVE with for food, fuel, medicine.
Benjamin Fulford - April 11th 2016: Federal Reserve Board And US Dollar Will Be
Hit By Financial Armageddon If Asian Gold Offer Refused - April 11, 2016
The Asian Dragon Family has offered the owners of the Federal Reserve Board
staggering quantities of gold at a 13% discount from the market price. The idea
is for 10% of this money to be spent on a massive campaign to end poverty, stop
environmental destruction and send humanity on a path for exponential expansion
into the universe. The ball is now in the court of the US regime in Washington
DC. That is why the US President and Vice President are
having an emergency meeting on April 11 with Federal Reserve Board Chairperson
Janet Yellen. A member of the Dragon family will
also be at that meeting, CIA sources in Asia say.
If the Feds refuse the Asians, the BRICS nations and the Europeans will announce
a new international gold backed currency that can be
exchanged for US dollars during a three month period. After that period, the US
dollar will no longer be accepted by at least 188 countries, leaving the Washington regime isolated and bankrupt.
"Banking Crisis Explodes In Europe On A Sunday Afternoon: Austria Orders First-
Ever Bank "Bail-In"; Takes Depositors Money For Failed Bank - April 10,
There are stockholders in Heta Asset Resolution AG including Depositors. The
stockholders are “preferred” creditors, and Depositors are “subordinated”
creditors. The stockholders today found out that they will only see 46 cents
on the dollar- AND WILL RECEIVE THAT THROUGH STOCK IN THE FAILED COMPANY!
Depositors found out today, they likely will get:
This is how Europe deals with bank failures under laws passed after the Lehman
Brothers collapse in 2007-08. THE SAME RULES ALSO NOW
APPLY INSIDE THE UNITED STATES!
EDMOND DE ROTHSCHILD IN GENEVA TARGETED BY FRENCH CRIMINAL PROBE - March 4,
"The bank denies all the allegations that have been made against it."
Edmond de Rothschild, a private banking and asset management firm established in
Paris in 1953, oversees about 150 billion euros ($164 billion) and is led today
by Baron Benjamin de Rothschild and his wife Ariane. The Swiss unit traces its
roots to the acquisition of Banque Privee in Geneva in 1965.
Rothschild Bank Now Under Criminal Investigation After Recent Indictment -
March 7, 2016
Rothschild Bank Now Under Criminal Investigation After Baron David De Rothschild
Indictment - Mar 7, 2016
DOLLAR'S DEATH RATTLE - CHINA DEPEGS FROM THE DOLLAR - Feb 23, 2016
Biggest Story Of Your Life Time - The Global Reset Is Set To Occur Everywhere
But In The USA. The Dollar Will Go Up And Up And Up And Vanish.
U.S. BANKS READY FOR NEGATIVE INTEREST RATES? - February 17, 2016
ARE YOU READY FOR A COLLAPSE OF THE U.S FOOD SUPPLY SYSTEM AND A COMING FOOD
CRISIS? - February 16, 2016
EU ON BRINK OF ‘TERRIFYING CRISIS’ 5 OF EUROPE’S BIG BANKS IN GRAVE DANGER,
WARNS EXPERT - February 14th, 2016
FINANCIAL CRISIS 2016: HIGH YIELD DEBT TELLS US THAT JUST ABOUT EVERYTHING IS
ABOUT TO COLLAPSE - February 14th, 2016
JIM WILLIE: WHEN DEUTSCHE BANK FAILS, BARCLAYS, CITIGROUP, AND MORE WILL FALL
LIKE DOMINOS - February 12TH, 2016
JPM: "THINGS HAVE GOTTEN OUT OF CONTROL: PEOPLE HAVE MORE CONFIDENCE IN GOLD
THAN IN PAPER MONEY" - 02/11/2016
GERALD CELENTE – "ECONOMIC "DEATH SPIRAL": THE PANIC IS ON!" - February 10,
DEUTSCHE BANK IS FINISHED, LEHMAN BROTHERS 2.0 - February 10, 2016
NOTHING TO SEE HERE, MOVE ALONG: EUROPEAN BANKING’S SLOW-MOTION CRISIS IS
PICKING UP SPEED — AND IT’S ALL A LOT SIMPLER AND SCARIER THAN YOU THINK. -
February 10, 2016
X22REPORT EUROPEAN BANKS ARE CRASHING WHICH WILL LIGHT THE ECONOMIC COLLAPSE
FUSE – EPISODE 889a - February 9, 2016
INSIDER REVEALS WELLS FARGO IS PREPARING FOR COMPLETE ECONOMIC COLLAPSE -
February 7, 2016
In the video below, released on February 7, 2016, the whistle-blower of doom,
says he’s a teller. Ray Charles could see that this is not true. The referenced
person is not a teller. The source is sophisticated enough to use an untraceable
proxy server and has economic knowledge far beyond a common employee of a bank.
This person’s message is that of a prominent insider who has the know-how with
regard to covering his tracks and providing highly detailed insider knowledge.
And it will almost assuredly begin with a collapse of the banks. How do I know,
read on, the banks, themselves, have already told you as much.
The very same banks that created the last economic crisis have now created a 278
TRILLION dollar derivatives nuclear time bomb that could tear down the American
economy in single and unannounced moment.
Total Assets: $1,687,155,000,000 (about 1.7 trillion dollars)
Total Exposure To Derivatives: $5,302,422,000,000 (more than 5 trillion dollars)
Compared to the rest of them, Wells Fargo looks extremely prudent and rational.”
On November 16, 2014, it was revealed that when you
awakened, a new G20 policy was enacted which effectively stole your bank
All nations belonging to the G20 will immediately submit and pass legislation
that will fulfill a new investment program. This new program creates a whole new
paradigm and set of rules whereby banks will no longer recognize your
deposits as money.
if you have $100,000 in a bank account, you will take home under $1200! This is
why for the past 18 months I have been telling the nation to not deposit your
paycheck into the bank…
If a banking collapse were to be on the near horizon, the banksters are not
going to notify you because they would not want to incite a bank run. With only
1.15% of all deposits being insured by the FDIC, your money would be left
vulnerable and only the elite would be warned as they
quietly transfer their money to a safer haven, such as gold.
LINDSEY WILLIAMS – WHY THE DOLLAR WILL COLLAPSE IN FEB 2016? - February 7,
GLOBAL ECONOMY ON THE BRINK OF COLLAPSE! IF YOU WERE ON WALL STREET TODAY, YOU
WOULD SMELL THE RANK STENCH OF PESSIMISM. - February 6th, 2016
Global Economy On The Brink Of Collapse! - Feb 6, 2016
If you were on Wall Street today, you would smell the rank stench of pessimism.
Citigroup strategist Jonathan Stubbs was quoted in a recent report stating “The
world appears to be trapped in a circular reference death spiral."
Meanwhile, The Chinese company, Chongqing Casin Enterprise Group is attempting
to acquire the Chicago Stock Exchange. A definitive deal requiring regulatory
approval that is expected to be completed in the second half of the year.
Bloomberg reports “The Chicago Stock Exchange -- a subsidiary of CHX Holdings
Inc. -- is minority-owned by a group including E*Trade Financial Corp., Bank of
America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to
the company. The minority shareholders are also selling their stake..."
MORE PROOF BANKS PREPARING FOR 'EMERGENCY SITUATION' - CATASTROPHIC FINANCIAL
EVENT DEAD AHEAD - February 6, 2016
GLOBAL ECONOMY ON THE BRINK OF COLLAPSE! IF YOU WERE ON WALL STREET TODAY, YOU
WOULD SMELL THE RANK STENCH OF PESSIMISM. - February 6th, 2016
Global Economy On The Brink Of Collapse! - Feb 6, 2016
If you were on Wall Street today, you would smell the rank stench of pessimism.
Citigroup strategist Jonathan Stubbs was quoted in a recent report stating “The
world appears to be trapped in a circular reference death spiral."
Meanwhile, The Chinese company, Chongqing Casin Enterprise Group is attempting
to acquire the Chicago Stock Exchange. A definitive deal requiring regulatory
approval that is expected to be completed in the second half of the year.
Bloomberg reports “The Chicago Stock Exchange -- a subsidiary of CHX Holdings
Inc. -- is minority-owned by a group including E*Trade Financial Corp., Bank of
America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to
the company. The minority shareholders are also selling their stake..."
CITI: WORLD ECONOMY SEEMS TRAPPED IN 'DEATH SPIRAL' - 6 Feb. 2016
WELLS FARGO INSIDER SAYS BANK IS PREPARING FOR EMERGENCY SCENARIO - February
They started training us today for a bank holiday. They didnt mention the word
bank holiday, but they did train us for an “emergency scenario”. They told us
it’s just a drill. Ive been working here for 3 years, and we never had a drill
They said that during an emergency, they would close the doors and only allow 3
people at a time inside of the branch. Also, my branch manager said that we
would have armed guards during the emergency.
The last thing they mentioned is that they wont store alot of cash in the vault,
since it will be a safety issue….
GLOBAL SHIPPING RATES RUN DRY - February 4th, 2016
So what is the Baltic Dry Index? The BDI is a composite of various global
shipping rates tied to the movement of raw materials. Why is it important? It
can serve as a barometer of the global trade environment, as well as a measure
of inflation based on global trade. If that is the case, the trade environment
would appear downright dismal.
"IT'S PROBABLY NOTHING": JANUARY TRUCK ORDERS COLLAPSE 48% - 02/03/2016
THE ECONOMY: "SHIPPING SAID TO HAVE CEASED… IS THE WORLDWIDE ECONOMY GRINDING TO
A HALT? - February 2, 2016
"Shipping Said to Have Ceased… Is the Worldwide Economy Grinding to a
The North Atlantic has little or no cargo ships traveling in its waters.
they are anchored. Unmoving. Empty.
You can see one such report here. According to it, "Commerce between Europe and
North America has literally come to a halt. For the first time in known history,
not one cargo ship is in-transit in the North Atlantic between Europe and North
America. All of them (hundreds) are either anchored offshore or in-port. NOTHING
is moving. This has never happened before. It is a horrific economic sign; proof that commerce is literally
REVEALED – THE CAPITALIST NETWORK THAT RUNS THE WORLD - 19 October 2011
AS PROTESTS against financial power sweep the world this week, science may have
confirmed the protesters’ worst fears. An analysis of the relationships between
43,000 transnational corporations has identified a relatively small group of
companies, mainly banks, with disproportionate power over the global economy.
IT IS GOING TO BE A BLOODBATH - WHEN IT CRASHES DOWN IT WILL BE TOO LATE - TIME
TO GET YOUR MONEY OUT OF THE BANK - January 15, 2016
As stated above, whether the crash happens now to the FED is able to squeeze out
more manipulations to postpone the eventual and inevitable crash, when it does
happen things are going to move very fast. Remember that banks and the U.S.
government have been preparing for this for years, as evidenced by the December
2014 reports of the U.S. government arranging to spend up to $200,000 on
survival kits for bank employees at Bank of America, American Express Bank, BMO
Financial Corp., Capitol One Financial Corporation, Citigroup, Inc., JPMorgan
Chase, and Wells Fargo.
"Contracts for survival kits are usually made for the military, or law
enforcement such as the FBI."
BIG SQUEEZE NOW ON KHAZARIAN MAFIA - January 17, 2016
We know that the Khazarian Mafia (KM) is now a sinking ship.
Numerous nations around the World have now ganged up on the Khazarian Mafia
It is cornered and it is losing power by the day. Expect increased surveillance
and harassment by local police who take orders from Homeland Security (DHS) and
receive their ridiculous conjured up Domestic Terror Watch Lists.
There are recent reports from China that the Chinese Government has ordered that
its international cargo shipping in both the Pacific and the Atlantic be
One source with connections to mainland Chinese sources has verified this claim
that China has given an ultimatum that there will be a big reduction in their
cargo ships unloading any products until the USG begins to honor the Secret
Reset Agreement they entered into in 2013 during G-20 meetings.
The Baltic Dry Shipping Index is way down, less than half of what it was at its
peak. Crude oil has dropped to $30 a barrel or less, and in Canada shale oil is
even as low at $10 a barrel. American retail sales were low during Christmas and
many retail chains plan to close stores at multiple locations, including the
And oil derivatives of the big Wall Street Banks are under extreme stress due
to these oil prices which has now placed several of the largest in jeopardy.
For the G-20 nations, especially the USA to honor this
Secret Reset Agreement made in 2013 the Khazarian Mafia (KM) must be removed
from its position controlling the World Central Banking.
EXCLUSIVE: DALLAS FED QUIETLY SUSPENDS ENERGY MARK-TO-MARKET ON DEFAULT
CONTAGION FEARS - 01/17/2016
Earlier this week, before first JPM and then Wells Fargo revealed that not all
is well when it comes to bank energy loan exposure, a small Tulsa-based lender,
BOK Financial, said that its fourth-quarter earnings would miss analysts’
expectations because its loan-loss provisions would be higher than expected as a
result of a single unidentified energy-industry
Another bank, this time the far larger Regions Financial, said its fourth-
quarter charge-offs jumped $18 million from the prior quarter to $78 million,
largely because of problems with a single unspecified
It didn't stop there and and as the WSJ added,
Then, on Friday, U.S. Bancorp disclosed the specific level of reserves it holds
against its $3.2 billion energy portfolio for the first time.
It wasn't just the small or regional banks either: as we first reported, on
Thursday JPMorgan did something it hasn't done in 22 quarter: its net loan loss
reserve increased as a result of a jump in energy loss reserves.
MESSAGE OF THE MARKETS: CHICKENS COMING HOME TO ROOST - 1-16-16
GREAT MINDS: ELLEN BROWN - DID YOU KNOW BANKS CAN TAKE YOUR MONEY IN A
CRISIS? - Jan 8, 2016
When the next financial crisis comes - the big banks
could save themselves by stealing right out of your checking account. Banking expert Ellen Brown, Public Banking Institute/Web of
Debt/The Public Bank Solution will explain how in tonight's Conversations with
FOOD AND MEDICINE WILL SOON BE UNOBTAINABLE - January 13, 2016
If product is not moving, then how will you get your food, medicine and other
essential supplies? Famed economists, John Williams, from Shadow Stats and
Joseph Meyer, Straight Money Analysis, will tell you that the Baltic Dry Index is the best indicator of the economic health of the
Baltic Dry Index
The BDI is termed a leading economic indicator because it predicts future
Unlike stock and bond markets, the BDI "is totally devoid of speculative
content," says Howard Simons, an economist and columnist at TheStreet.com.
THE FDIC CAN NO LONGER ENSURE THE RETURN OF YOUR DEPOSITS! - January 6th,
When your "too big to fail" (TBTF) bank fails because they can’t pay off
derivative bets they made, your government will refuse to bail them out, under a
mandate titled "Adequacy of Loss-Absorbing Capacity of Global Systemically
Important Banks in Resolution," approved on Nov. 16, 2014, by the G20’s
Financial Stability Board. They now will take your deposited money and turn it
into shares of equity capital to keep your bank from failing.
The whole Federal Reserve System was designed to slowly drain the massive wealth
of the American people and transfer it to the elite international bankers.
Your ongoing struggle to maintain your family’s home while paying your bills and
making ends meet is not a reflection of your lack of talent but the only
possible outcome of having a parasite affixed to your body, your retirement
and your family’s economic future.
MONEY NOW UNSAFE IN BANKS AND HERE IS WHY. DERIVATIVES AND BAIL INS -
January 6, 2016
Due to some sneaky changes made by the Banks you now no loger own money that you
deposit. You have loaned it to your bank who may legally use it to gamble with
in the international financial casinos.
FAILING BANKS CAN CONVERT YOUR DEPOSITS INTO BANK STOCKS - 1-3-16
Right. Except the FDIC (along with the Bank of England) issued a paper on
December 10, 2012 on how Bail In procedures will be implemented in the U.S. and
This isn't "conspiracy theory" ramblings; this is real. As I said, it has
started in Europe and the FDIC has issued a paper on how it will be implemented
FINANCIAL ARMAGEDDON APPROACHES: U.S. BANKS HAVE 247 TRILLION DOLLARS OF
EXPOSURE TO DERIVATIVES - December 29, 2015
A derivative is a security with a price that is dependent upon or derived from
one or more underlying assets. The most common underlying assets include stocks,
bonds, commodities, currencies, interest rates and market indexes.
So if the survival of these big banks is threatened by a derivatives crisis, the
money to bail them out would probably have to come from somewhere else.
In such a scenario, could we see European-style “bail-ins” in this country?
Dodd-Frank states in its preamble that it will "protect the American taxpayer by
ending bailouts." But it does this under Title II by imposing the losses
of insolvent financial companies on their common and preferred stockholders,
debtholders, and other unsecured creditors. That includes depositors, the largest class of unsecured creditor of any
Title II is aimed at "ensuring that payout to claimants is at least as much as
the claimants would have received under bankruptcy liquidation." But here’s the
catch: under both the Dodd Frank Act and the 2005 Bankruptcy Act, derivative claims have super-priority over all other claims,
secured and unsecured, insured and uninsured.
As I mentioned yesterday, the FDIC guarantees the safety of deposits in member
banks up to a certain amount. But as Brown has pointed out, the FDIC only has
somewhere around 70 billion dollars sitting around to cover bank failures.
If hundreds of billions or even trillions of dollars are ultimately needed to
bail out the banking system, where is that money going to come from?
It would be difficult to overstate the threat that derivatives pose to our
"too big to fail" banks.
A new financial crisis has already begun, and it is going to intensify as we
head into 2016.
And as this new crisis unfolds, one word that you are going to want to listen
for is "derivatives", because they are going to play a major role in the
"financial Armageddon" that is rapidly approaching.
PROCEED WITH CAUTION: KEY BANKERS TOLD BANK HOLIDAY IS NEAR - December 15th,
JEWISH BANKSTERS IDENTITY POLITICS - December 15, 2015
Any discussion on the Federal Reserve inevitably will revert into the role of
Jewish Bankers in the failures of the central bank. Resistance from the current Jackals of Jekyll Island
prevents a Federal Reserve audit. The identity politics that absorb the banking
elites usually revolves on money.
LONDON’S LBMA AND NEW YORK’S COMEX GOLD MARKETS IN COLLAPSE - November 22nd,
LONDON'S LBMA AND NEW YORK'S COMEX GOLD MARKETS IN COLLAPSE - Nov 21,
That title is a strong statement to make. Indeed.
TO AVOID PRISON, YOU MUST READ THIS BEFORE TAKING YOUR MONEY OUT OF THE BANK
- June 16, 2015
When the collapse comes, order will have to be restored, hence, enter Jade Helm.
Once America reaches this point, your money will be gone
along with the 401K, Roth IRA and all retirement accounts will be confiscated.
Jade Helm, or its successor will be needed.
As you move to withdraw the bulk of your money, there are three federal banking
laws that you should be cognizant of, namely, Cash Transaction Report (CTR), a
Suspicious Activity Report (SAR) and structuring.
There will undoubtedly be some geniuses whose math ability will tell them that
all they have to do is to withdraw $9,999.99 and the bank and its protector, the
federal government will be none the wiser. It is not quite that simple.
This is a scare piece to motivate people to leave their money in the banks
who will seize it after the cosmic catastrophe.
DHS INSIDER: CRISIS OF UNPRECEDENTED MAGNITUDE TO STRIKE U.S. - 23 May
A DHS whistleblower has revealed that the agency are planning a "history making" event "unlike anything citizens of the United States
have seen before".
Speaking to the Canada Free Press, he said "According to every internal document
I’ve seen and read, and from the few people I’ve spoken with who understand
what’s going on, preparations have been finalized to respond to a crisis of unprecedented magnitude within the
United States. The response will include the use of lethal force against U.S.
citizens under the instructions of Barack Obama".
What is coming will be blamed on some unforeseen event
out of everyone’s control, that few saw coming or
thought would actually happen. Then, another event will
take place concurrent with this event, or immediately after it, to confuse and compound an already explosive situation." I asked for
DHS INSIDER: EVERYONE SEEMS TO BE WAITING FOR SOME BIG, HISTORY MAKING EVENT
- May 07, 2015
“Everyone seems to be waiting for some big, history making event that will
signal the start of the collapse. The fact is that the collapse has already
started. It’s incremental, like a snowball rolling down a hill. It gets bigger
and rolls faster. Well, this snowball is well on its way down the hill.”
"I don’t mean to sound repetitive, but I can’t stress this enough. Contrary to
what you hear, we’re already in an economic collapse, except that most people
haven’t a clue. The ‘big bang’ comes at the end, when people wake up one morning and can’t log in to their bank accounts,
can’t use their ATM cards, and find out that their private pension funds and
other assets have been confiscated," he stated.
This is the event. Estimating The Time/Place
Of Celestial Impacts, Wormwood then Warmwood strikes
U.S. MARINES PRACTICE CONTROLLING ANGRY CITIZENS DEMANDING FOOD & WATER -
May 14th, 2015
Alarming video footage from a U.S. Marines training drill which took place in
Arizona last month shows armed troops chasing down unruly citizens inside a mock
internment camp while role players chant for food and water. he exercise, which
involved U.S. Marines from 1st Battalion, 5th Marine Regiment, 1st Marine
Division, took place on April 18 in Yuma, Arizona and revolved around “assault
support tactics” training.
BANKER BAIL-IN’S… IT IS NOW LEGAL FOR THE BANKERS TO BAIL THEMSELVES OUT WITH
OUR MONEY. - May 11th, 2015
Jade helm/project maple resolve is the governments of can/usa positioning
military resources for whats coming this fall.
You’re all worried about the wrong shit. It will be distraction after
distraction until this happens, and the end result will be the derivative
rooster finally coming home to roost. The result will be the bankers, having
legal authority, to steal every penny you have in your bank accounts regardless
of any kind of insurance you think you might have.
They have fortified their positions in the provinces and states with the most
guns in the hands of citizens… Martial law will be declared. Fuck head obama
won’t leave office and the trigger or red flag for me is the wal marts closing,
and its not the ones they told us about, its the 100’s of stores they haven’t
mentioned that is concerning.
The u.n will be boots on the ground in the u.s/can and they will attempt to
disarm each and every last one of us.
NEPAL GOVERNMENT TO TAKE ALL BANK DEPOSITS MEANT FOR DISASTER RELIEF -
Due to the disaster caused by the Great Quake, all the accounts opened in banks
and financial institutions by different organisations for collecting donations
will be earmarked and the amount in them will be transferred to the Prime
Minister’s Relief Fund
CRASH OF THE BANKS – Lindsey Williams - April 27, 2015
BANNED: CHASE BANK SAYS YOU CAN NO LONGER STORE CASH OR PRECIOUS METALS IN YOUR
SAFE DEPOSIT BOX - April 22nd, 2015
SIGNS THAT THE ELITE ARE FEVERISHLY PREPARING FOR SOMETHING BIG - April
This seems very odd.
The New York branch of the U.S. Federal Reserve,
wary that a natural disaster or other eventuality could shut down its market
operations as it approaches an interest rate hike, has
added staff and bulked up its satellite office in Chicago.
In all of U.S. history, there has never been a natural disaster in New York City
that would have been bad enough to totally shut down the operations of the New
York Fed for an extended period of time.
Some market technicians have transferred from New York and others were hired at
the office housed in the Chicago Fed, according to several people familiar with
the build-out that began about two years ago, after Hurricane Sandy struck
Officials believe the Chicago staffers can now handle all of the market
operations that are done daily out of the New York Fed, which is the U.S.
central bank’s main conduit to Wall Street.
So why are they so concerned?
Well, I can think of one event that could cause such a disruption…
An east coast tsunami.
Citigroup’s Gold “Expert” Demands A Cash Ban - 04/16/2015
According to Buiter, the ELB only exists at all due to the existence of cash,
which is a bearer instrument that pays zero nominal rates. Why have your money
on deposit at a negative rate that reduces your wealth when you can have it in
cash and suffer no reduction? Cash therefore gives people an easy and effective
way of avoiding negative nominal rates.
Yes, Buiter’s solution to cash’s ability to allow people to avoid negative
deposit rates is to abolish cash altogether. (Note that he’s far from being the
first to float this idea. Ken Rogoff has given his endorsement to the idea as
well, as have others.)
And a great way to get people to put their cash in banks where it can be
Bank Secrecy Act Anti-Money Laundering Examination Manual
Suspicious Activity Reporting—Overview
Banks, bank holding companies, and their subsidiaries are required by federal
regulations53 to file a SAR with respect to:
What is really the Government working together with the bankers to seize
their depositors money in the event of a crisis. The police will use civil
forfeiture in the case where people try to hold on their money at home.
- Criminal violations involving insider abuse in any amount.
- Criminal violations aggregating $5,000 or more when a suspect can be
- Criminal violations aggregating $25,000 or more regardless of a potential
- Transactions conducted or attempted by, at, or through the bank (or an
affiliate) and aggregating $5,000 or more, if the bank or affiliate knows,
suspects, or has reason to suspect that the transaction:
GET YOUR MONEY OUT OF THE BANKS ASAP - Mar 28, 2015
Get your money out of the banks now.
You think it's your money, then you're fooling yourself, get it out of the banks
now. Come to Australia and join us in the SAFE ZONE now as your time is running
The Fema camps are getting closer day by day and if you don't want to be on the
FAHRENHEIT 451, AND DOLLARS–Part 2: Bar the Exits! Part 2 - February 24,
The term, "Bankster" was officially coined and defined by Judge Ferdinand Pecora
in June 1933 : "A member of the banking industry seen as profiteering or
When it comes to profits in a non-productive (parasitic) industry, “…your loss
is my gain”. The winners and losers in bankstering mirror whose interests are
served while public interest is plundered.
From "Depositor" to "Unsecured Creditor"
Remember when putting "money" in a bank was a reasonably safe way to earn
interest? Well now, fruits of your industry have been legislated into the naked
and wide-open zone not only infested by pirates, but owned by pirates on the
high seas of high finance sailing “weapons of mass financial destruction” called
A crippling public problem is how few people understand that in bankstering,
depositors have the new role of, "unsecured creditor". How many people have
noticed what their “receipt” says? Giving "money" to a
commercial bank is now, legally, what you are doing—your “deposit” becomes
property of the bank. Your “receipt” verifies that you
have been given, "counter credit"—a crucial booby trap
for when your bank runs into what virtually all commercial banks are buried in,
insolvency. As an "unsecured creditor"—last in line to
be paid—your reward for your "deposits", odds are, will be a harrowing lesson
regarding "counterparty risk".
Dollars are the “reserve” illumination of paper power. In the smothering “Ponzi
scheme from hell…”, the “Federal Reserve System” is the crown jewel. Perhaps the
clearest reflection of Bankster hysteria to bar all exits from the parasitic
money-from-nothing vampire we allow to feed at our necks…suppression of monetary metals, via Comex paper—crystal clear. The smashing down of gold and silver with paper is one of
Banksters’ highest performing psyops—kept alive by…you
guessed it, public confidence.
"When a government is dependent upon bankers for money, they and not the
leaders of the government control the situation, since the hand that gives is
above the hand that takes. Money has no motherland; financiers are without
patriotism and without decency; their sole object is gain."
— Napoleon Bonaparte
Malignant terms soon to gouge people in the eyes, ears and wealth, include:
negative interest rates; bank bail-ins; bank holiday;
counterparty risk; reset…all on the road to martial law.
FAHRENHEIT 451, AND DOLLARS Part 1 - February 17, 2015
Money from Nothing and your Debt For Real
Such is the heart and…crater where a soul might be, of the RCBC: Money from
nothing and your debt for real. Fiat currency…DERIVATIVES…paper wealth—nothing
but paper if not for public confidence. Thing is, when you have usurped Sacred
Power to create “money” as easy as printing paper or entering computer digits,
you have monstrous power to protect treasure such as the “petrodollar”. Fiat
currency fueled only by public confidence is the rottenest con game ever played.
Should we be honest, and call it the “Ponzi Scheme from hell illuminated with
light stolen from heaven”?
THE BANKERS ARE LAUGHING AT YOU AS THEY PREPARE TO STEAL EVERYTHING YOU OWN, THE
BETA TESTS FOR THE "GRAND THEFT OF THE AMERICAN PEOPLE" ARE COMPLETE. -
February 8th, 2015
Let’s calculate the damages to the American people. Our homes are being stolen
through the MERS mortgage fraud with impunity, our tax revenues have been stolen
through the bail-outs, the Federal Reserve is debasing our currency as they are
printing money like there’s no tomorrow, Jack Lew has positioned the government
to seize all retirement accounts, Wall Street has learned that it can steal with
impunity given the lack of ramifications resulting from the MF Global theft and
soon your bank accounts will be gone thanks to the recent G20 mandate on
November 16, 2014. And to add to that, very soon, there
will not be a Europe to trade with. Did I leave
anything out Mr. and Mrs. Sheeple?
Europe, Russia and Canada will be essentially
frozen over or dry Steppe.
OIL COLLAPSE: "THIS COULD CAUSE THE MOST DESTRUCTIVE ECONOMIC SITUATION SINCE
THE GREAT DEPRESSION" - January 28th, 2015
It all starts with the fact that debt in the energy sector over the last six
years has exploded to $1.7 Trillion on the hopes that oil would continue to
trade at around $80 to $100. As we know, that’s no longer the case, which means
that all of the companies who took out large loans are no longer able to service
For the first time in 18 years, oil exporters are pulling liquidity out of world
markets rather than putting money in. The world is now fast approaching a world
reserve currency shift. If we see 8 to 12 months at these oil prices;
shale industry will be wiped out. The effect on junk
bonds will cascade to the rest of the stock market and U.S. economy.
OIL COLLAPSE COULD TRIGGER BILLIONS IN BANK LOSSES - 24 Jan 2015
Huge expansion in leveraged loans to oil and gas sector in recent years suggests
heavy losses from defaults
Although British lenders are not the most exposed to the oil collapse, with most
debt issuance arranged by US and Canadian institutions, leveraged loans arranged
by UK lenders have more than doubled since 2011 amid the North American shale
The price of Brent crude has slumped from $110 a barrel last summer to $48.91 on
Friday, amid a glut in supply and falling global demand.
While low prices are likely to give a shot in the arm to consumers and
manufacturers, many oil producers, particularly in America’s shale gas fields, are likely to be driven out of business.
"ADEQUACY OF LOSS-ABSORBING CAPACITY OF GLOBAL SYSTEMICALLY IMPORTANT BANKS IN
RESOLUTION" - ?
The agreement (Let’s abbreviate it to "ALACGSIBR". After all, it saves space,
and "ALACGSIBR" is no more ridiculous than the official title.) has been
presented as “an important decision” that the G20 have collectively reached.
If your account is "insured" by your government, it would be well to bear in
mind that confiscation is not the same as a bank crash. In confiscation, you
have not technically "lost" your deposit; the bank has traded it for a piece of
paper that says you now own something other than your money—shares in the bank
(which, again, may or may not be saleable).
Perhaps the G20 agreement might have been called "The
We are entering the "Alamo" stage of the Great
Unravelling. We cannot say when the bail-in crisis will
take place, only that it now appears within range. It could be six
it could be a year or more. But it may just as easily occur next week. However,
we can be sure that there will be no warning, that we shall wake up one morning
and the bail-ins will have taken place… and our deposits will have been
"PROTECT YOUR MONEY WHILE YOU CAN" - PLANS TO CONFISCATE YOUR MONEY "ALREADY SET
IN MOTION" - January 22, 2015
Russell Napier, writing in ZeroHedge,
called it "the day money died." In any case, it may have been the day deposits
died as money. Unlike coins and paper bills, which cannot be written down or
given a "haircut," says Napier, deposits are now "just part of commercial banks' capital structure." That means they can be "bailed in" or confiscated to save the
megabanks from derivative bets gone wrong.
Rather than reining in the massive and risky derivatives casino, the new rules
prioritize the payment of
banks’ derivatives obligations to each other, ahead
of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called “bail-
This is explained in more detail in the first video below. In the second video
interview, we hear exactly why the Swiss bombshell announcement to remove the
Swiss Franc's peg to the Euro has been the bang heard around the world and
considered a "game changer." We also are informed why it is so important
to understanding how big of a hit this has been to the central bankers and
another nail in the coffin for paper currency.
Harry Dent – OIL PRICE COLLAPSE COULD TRIGGER NEXT BIG CRISIS - January
AS OIL PRICES FALL, BANKS SERVING THE ENERGY INDUSTRY BRACE FOR A JOLT -
January 11, 2015
Junk bonds issued by energy companies are signaling a
jarring jump in the number of defaults in the coming
months. Martin S. Fridson, chief investment officer at Lehmann Livian Fridson
Advisors, said the yields on energy junk bonds appeared to be predicting that
6 percent of the bonds would default this year, and even
more in 2016.
KICKING DODD-FRANK IN THE TEETH - JAN. 10, 2015
The 114th Congress has been at work for less than a week, but a goal for many of
its members is already evident: a further rollback of regulations put in place
to keep markets and Main Street safe from reckless Wall Street practices.
"The truth about Dodd-Frank is it’s pretty moderate and pretty compromised
already," Mr. Stanley of Americans for Financial Reform said. "Any further
compromise and it tends to collapse into nothingness."
RUSSIA BLAMED, US TAXPAYERS ON THE HOOK, AS FRACKING BOOM COLLAPSES - 08
Most bank customers and voters don't know that Congress has already written into
finance regulations that, in the case of insolvency, financial institutions could grab the assets of depositors and "bail-
in" - which means they can save themselves from their
losses in gambling operations at their investment divisions by grabbing cash
assets of depositors, even those that are FDIC
and legally convert them to bank stocks. That means
that in the event of another market crash, Chase and Citi
could take their depositors' cash in savings accounts or CDs, and give the customers back a bank stock certificate (of
questionable value) instead.
THE CBO'S BAD MATH: PUTTING $7 TRILLION OF NOTIONAL VALUE OF DERIVATIVES IN
TAXPAYER-BACKSTOPPED DEPOSITARIES WILL COST ZERO - January 8, 2015
The mere fact of the government stepping in as a guarantor of things like toxic mortgage-backed securities kept the bank shareholders
from being wiped out. This happened a lot as part of
the bailout. But on Wall Street you can be sure to get paid for taking risks,
regardless of whether the bad stuff you are insuring against happens. The
Treasury, on the other hand, got paid basically nothing by putting all that
taxpayer money on the line.
THE CRASH OF 2016: WALL STREET GETS READY - 1/8/2015
My guess is, it will come in late 2016, when the banksters have selected the
candidate for president that will be as dependable an ally as the incumbent he
or she will replace, as they did in 2008, to insure maximum political
Step One. At the November meeting of the G20, the
leaders of the developed nations put in place a new global banking policy, the
confiscation of deposits in the event of the next
called in the media a "bail in."
It wasn't called either of those terms by the G20, just a responsible sounding
policy developed by the global banking bureaucracy to guarantee "global
financial stability" -- meaning whatever happens next,
their bankster bosses stay rich.
But the banksters know the next crash will be bigger than the last, and confiscating deposits alone may not do the trick.
Step Two. In the week before Christmas, Wall Street got their errand boys
in Congress and the White House to enact legislation that allows them, as Pam
Martens explained on her web site, Wall Street on Parade, "to keep their
riskiest assets -- interest rate swaps and other derivatives -- in the banking
unit that is backstopped with FDIC deposit insurance,
which is, in turn, backstopped by the U.S. taxpayer,
thus ensuring another bailout the next time [Wall Street] blows itself up with
bad bets" in its derivatives casino.
The Office of Controller of the Currency reports $25
billion in FDIC insurance, against $9,283 billion in total US deposits, and
derivative exposure among the top 25 banks of $297,514 billion -- nearly $300 trillion.
OIL AND THE ECONOMY: WHERE ARE WE HEADED IN 2015-16? - January 6, 2015
First Layer of Bad Effects
1. Increased debt defaults.
2. Rising interest rates.
3. Rising unemployment.
4. Increased recession.
5. Decreased oil supply, starting perhaps in late 2015. The timing is not
certain. Businesses are likely to continue extraction where wells are already in
operation, since most costs have already been paid. Also, some businesses have
purchased price protection in the derivative market. They will likely continue
6. Disruptions in oil exporting countries
7. Defaults on derivatives, because of sharp and long-lasting changes in oil
prices, interest rates, and currency relativities. Securitized debt may also be
at risk of default.
8.Continued low oil prices,
9. Drop in stock market prices.
10. Drop in market value of bonds
11. Changes in international associations. Already, there is discussion of
Greece dropping out of the Eurozone.
It is even possible that accounts under deposit insurance
limits will be subject to haircuts. While deposit
insurance is available in theory, the amount held in reserve is not very great.
It could easily be exhausted by a few large claims (the scenario in Iceland a
few years ago). If governments choose not to make up for shortfalls in funding
of the insurance programs, the shortfalls could end up
AND SO HISTORY REPEATS ITSELF - January 6, 2015
Additionally, Citibank was the primary force behind the legislation
passed late last year by the lame duck Congress - legislation that was buried
into the controversial budget bill - which allows banks to move their derivatives into their FDIC insured subsidiaries. This legislation is the de facto bailout-in-advance for the Too Big
To Fail Banks for the approaching time when the derivatives market, which is
larger than it was in 2008, once again implodes.
EXPERT: BANK OF AMERICA, GOLDMAN SACHS, CITIBANK, JP MORGAN WILL ALL FAIL TO
INSOLVENCY THIS YEAR — NO FEDERAL BAILOUT - January 6th, 2015
International Finance Expert James H. Kunstler says in no uncertain terms that
this year (2015):
“Goldman Sachs, Citicorp, Morgan Stanley, Bank of America, DeutscheBank, SocGen,
all succumb to insolvency. American government and Federal Reserve officials
don’t dare attempt to rescue them again.”
He goes on to forcefully state:
“Bank of America is the first of the Too Big To Fails to enter the event horizon
of failure. Obama can’t get congress to go along with a bailout. By
there is turmoil among the banks as they scramble to cover losses. A public
furor over using taxpayer money to cover derivatives losses leads to an
unprecedented concerted action by states to attempt “nullification” campaigns.
Citibank applies for a bail-in of account holders. Dithering, frightened federal
authorities are too slow to respond, permittinga run on deposits.
OIL DERIVATIVES EXPLODE IN EARLY 2015-Rob Kirby - January 4, 2015
Kirby also thinks what is happening with oil prices being
cut in half in a matter of months is no accident. Kirby
explains, "I look at what is transpiring in the crude oil market as yet another
engineered or financial trickery on the part of the
financial elites. . . . What this breakdown in the
crude oil price is going to spawn another financial crisis. It will be tied to
the junk debt that has been issued to finance the shale oil plays in North
America. It is reported to be in the area of half a
trillion dollars worth of junk debt that is held
largely on the books of large financial institutions in the western world. When
these bonds start to fail, they will jeopardize the
future of these financial institutions. I do believe
that will be the signal for the Fed to come riding to the rescue with QE4. I
also think QE4 is likely going to be accompanied by bank
bail-ins because we all know all western world countries have adopted bail-in
legislation in their most recent budgets. The financial
elites are engineering the excuse for their next round of money printing . . .
and they will be confiscating money out of savings
accounts and pension accounts. That’s what I think is
coming in the very near future."
WHY IS THE FED HIRING AN "EMERGENCY PREPAREDNESS SPECIALIST FAMILIAR WITH DHS
DIRECTIVES" - 12/31/2014
So the Fed is hiring not just any "emergency preparedness specialist" but one
familiar with DHS directives? Here are the details of the position located in
The only thing which makes sense to me is that the Fed believes, based on some
very critical realities, that there is going to be some massive financial and
social disruption in the US in 2015.
Folks, I know I sound like a chipped CD on this one, but if the Fed is preparing
for a massive financial and social disruption here at home, you had darned well
better be preparing for it as well.
Please make sure you have potable water, some kind of filtration, storable food
and a means to cook things if power goes off. If you, or the people you care
about are on medication, please make sure you have extra medication for
and your loved ones. Buy small amounts of gold and silver, and do not put any
more money in the bank than just what you need to pay your bills. Figure out
what skills and services you can barter if the US currency crashes completely,
and becomes worthless. Have a bug out plan, if you need to leave, and make sure
you know how to get your children released from school, if you need to.
Preparing never hurts; when things go haywire, it is the preparing that can keep
you and your family alive in the middle of any kind of a disaster.
U.S. TAXPAYERS COULD BE ON THE HOOK FOR TRILLIONS OF DOLLARS IN OIL DERIVATIVE
LOSSES - December 31, 2014
The preamble to the Dodd-Frank Act claims “to protect the American taxpayer by
ending bailouts.” But it does this through “bail-in”: authorizing “systemically
important” too-big-to-fail banks to expropriate the assets of their creditors,
AMERICAN BANK BAIL-INS ARE BEGINNING - December 30, 2014
TOO BIG TO FAIL?: 10 BANKS OWN 77 PERCENT OF ALL U.S. BANKING ASSETS - July
It really is difficult for ordinary Americans to get a handle on just how large
these financial institutions are. For example, the “big six” U.S. banks (Goldman
Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells
Fargo) now possess assets equivalent to approximately 60 percent of America’s
gross national product.
The Top Ten: Largest Banks in U.S. - Mar. 31, 2010.
96% OF CREDIT DERIVATIVE RISK HELD BY 5 BANKS - July 27, 2009
Fitch’s has found that JP Morgan Chase, Bank of America, Goldman Sachs,
Citigroup, and Morgan Stanley together hold 80% of the country’s derivatives
risk, and 96% of the exposure to credit derivatives:
MOODY’S PUTS GOLDMAN, JPMORGAN, MORGAN STANLEY AND WELLS FARGO ON REVIEW FOR CUT
ON LESS GOVERNMENT SUPPORT - August 22, 2013
TEN CHILLING MINUTES OF VIDEO EXPOSING MARTIAL LAW PREPARATIONS FOLLOWING US
ECONOMIC COLLAPSE - December 28th, 2014
GLOBAL ECONOMIC COLLAPSE HAPPENING NOW AS GOVERNMENTS SCRAMBLE TO SAVE FINANCIAL
SYSTEM! - December 28th, 2014
WARNING: MAJOR MOVE BY BANKS IN ONE WEEK SINCE 1992! BE PREPARED! - December
TO UNDERSTAND BETTER ” why that involves you ? “: >> GO TO 5.30… key : 7.10
the banks very quickly took ” your ” money ” to play with ” while you were
eating and having a good christmas time…
in short & simple:
they play with “your” money, like in a casino, if they loose, you’re money
( savings) can and will be used to pay back the lost, …the bailout…
why do you think so much TOP bankers killed themselves lately ? they don’t wanna
be part of things like this… or they did know too much…
Meaning... don’t leave to much on your bank account… :-) cause if it crashes… it
could be that you cant acces it again…
or can loose your house… like millions did by the last crash… and they don’t
don’t trust the wolves of wallstreet…
When the comet threat is recognized, those with the short wires to the stock
market will be out quickly with their profits, leaving the bank depositors
holding the bag.
IN CASE YOU MISSED THE ANNOUNCEMENT, CYPRUS-STYLE BAIL-INS ARE COMING TO A BANK
NEAR YOU. - December 24, 2014
On November 16, leaders of the G20 Group of Nations – the 20 largest economies –
made an important decision. The world’s megabanks now have official permission
to pledge depositor accounts as collateral to make leveraged derivative bets.
And if they lose a bet, the counterparty to the contract has first dibs on your
But this proposal profoundly changes the rules for banking globally, and not in
a good way. Deposits in banks that are “too big to fail” will be “promptly
recapitalized” with their “unsecured debt.” This avoids those nasty taxpayer-
funded bailouts that proved so politically unpopular during the 2008-2009
And the largest chunk of unsecured debt is your bank deposits. Insolvent banks
will recapitalize themselves by converting your deposits – checking accounts,
but also money market accounts and CDs – into stock.
The G20 has also officially declared that derivatives – the toxic contracts
Warren Buffett calls “financial weapons of mass destruction” – are secured
Since your bank deposits are now only unsecured debt that the bank has pledged
to a secured creditor, guess who gets your money if the bet goes the wrong way
for the bank? Answer: It’s not you.
Fortunately, “insured deposits” won’t be subject to this treatment. In the US,
100% of deposits in insured banks are protected up to $250,000 per depositor,
courtesy of federal deposit insurance. But it’s hardly reassuring that this fund
has a reserve ratio under 1%. For every $100 on deposit, the FDIC has less than
one dollar to back it with.
THE INTERVIEW Honey-Potted Us!! - December 24, 2014
Derivatives, simply put (since no one really understands the nitty gritty of
someone betting against someone else on something, like a commodity. Let's use
shale oil as a commodity example.
There are $2.2 Trillion bets by Big Banks with the shale
oil producers. Problem is for the Big Banks. Shale Oil
has won big time against Big Banks.
Most large shale oil producers guaranteed their profits
for 2015 and 2016 through derivatives with Big Banks.
The Big Banks' computer model NEVER accounted for oil dropping $40 in six
And Big Shale Oil producers locked in their profits for 2015 and 2016 at 100
Dollars per barrel.
Big Banks are BIG Losers.
There Is Not Much Usable Oil in California's Monterey Shale After All - May
Fracking California’s Monterey Shale was always going to be politically
difficult. Now it looks as if it’s physically impossible. This week, the Energy
Information Agency cut its estimates for the amount of recoverable oil in the
Monterey Shale by 96 percent, from 13.7 billion barrels to 600 million.
OIL PLUNGE CAN TRIGGER ‘SUBPRIME’ DEBT CRASH - December 19, 2014
Is it a coincidence that Republican leaders in Congress are in a strong push,
with Wall Street, to pass legislation to allow commodity derivatives, among
other types of these financial weapons of mass destruction, to be put under FDIC
RUSSIAN ROULETTE: TAXPAYERS COULD BE ON THE HOOK FOR TRILLIONS IN OIL
DERIVATIVES - December 19, 2014
The sudden dramatic collapse in the price of oil appears to be an act of
geopolitical warfare against Russia. The result could be trillions of dollars in
oil derivative losses; and depositors and taxpayers could be liable, following
repeal of key portions of the Dodd-Frank Act signed into law on December 16th.
On December 11th, Senator Elizabeth Warren charged Citigroup with “holding
government funding hostage to ram through its government bailout provision.” At
issue was a section in the omnibus budget bill repealing the Lincoln Amendment
to the Dodd-Frank Act, which protected depositor funds by requiring the largest
banks to push out a portion of their derivatives business into non-FDIC-insured
It was not only a notable about-face for the president but represented an
apparent shift in position for the banks. Before Jamie Dimon intervened, it had
been reported that the bailout provision was not a big deal for the banks and
that they were not lobbying heavily for it, because it covered only a small
portion of their derivatives. As explained in Time:
The best argument for not freaking out about the repeal of the Lincoln Amendment
is that it wasn’t nearly as strong as its drafters intended it to be. . . .
[W]hile the Lincoln Amendment was intended to lasso all risky instruments, by
the time all was said and done, it really only applied to about 5% of the derivatives activity of banks like Bank of America,
JPMorgan Chase, and Wells Fargo, according to a 2012
THE BANKERS’ PONZI-SCHEME IS ON THE VERGE OF COLLAPSE AND 2014/2015 IS THE CUSP
OF THAT COLLAPSE. - December 17th, 2014
GERALD CELENTE – SURVIVAL KITS BEING SUPPLIED TO EVERY MAJOR BANK - May 11,
Survival kits will be delivered to every major bank in
the United States including Bank of America,
American Express Bank, BMO Financial Corp., Capitol One Financial Corporation,
Citigroup, Inc., JPMorgan Chase & Company, and Wells
Items will also be delivered to OCC offices across the country, from Champaign,
Ill. to Billings, Mont. The agency also has offices in Sioux City, Iowa; Joplin,
Mo.; and Fargo, N.D.
The agency has roughly 3,814 employees, each of which
would receive a survival kit. The staff includes “bank
examiners” who provide “sustained supervision” of major banks in the United
It is not clear why the Treasury
Department is ordering the kits. Contracts for survival kits are usually made
for the military, or law enforcement such as the FBI.
TREASURY DEPARTMENT SEEKS SURVIVAL KITS TO PREPARE EMPLOYEES AT EVERY MAJOR BANK
FOR COMING COLLAPSE - 17/12/2014
These are serious kits for personnel you would never
imagine should need one — in normal circumstances.
Survival kits will be delivered to every major bank in the United States
including Bank of America, American Express Bank, BMO Financial Corp., Capitol
One Financial Corporation, Citigroup, Inc., JPMorgan Chase & Company, and Wells
2015 BUDGET EXPOSES AMERICANS SAVINGS TO POTENTIAL DERIVATIVES BAILOUT -
December 14, 2014
The 113th Congress has passed legislation allowing losses
incurred by derivatives trading to be covered by the FDIC. President Obama is expected to sign the new budget into force, which
includes provisions that permit financial institutions to trade certain
financial derivatives from subsidiaries backed by the FDIC that were previously
restricted by Title VII of the Dodd-Frank Act.
THEY KNOW SOMETHING: WHY DID THE TREASURY DEPARTMENT JUST PURCHASE THOUSANDS OF
SURVIVAL KITS FOR BANK EXAMINERS? - December 11, 2014
In recent years the U.S. government has been making massive preparations
They’ve been stockpiling food, riot gear, automatic weapons and billions of
rounds of ammunition. While no one in Federal emergency planning services is
talking any specifics, recent exercises over American cities and military
training simulations all suggest that whatever it is that the government is
preparing for is a very serious affair.
A full list of the specifications for the survival
kits has been made available by Free Beacon:
NEW G-20 RULES:
CYPRUS-STYLE BAIL-INS TO HIT DEPOSITORS AND PENSIONERS - December 15,
Russell Napier, writing in ZeroHedge, called it "the day money died." In any
case, it may have been the day deposits died as money.
Unlike coins and paper bills, which cannot be written down
or given a "haircut," says Napier, deposits are now "just part of commercial
banks’ capital structure." That means they can be "bailed
in" or confiscated to save the megabanks from derivative bets gone
HOUSE APPROVES $1.1T BILL FINANCING GOVERNMENT - December 12, 2014
"The multi-employer pension system is a ticking time bomb," said Rep. John
R-Minn., who negotiated the agreement privately with Democratic Rep. George
Miller of California, who is retiring after 40 years in Congress.
The Pension Benefit Guaranty Corp. estimates that the fund that backs multi-
employer plans is about $42.4 billion short of the money needed to cover
benefits for plans that have failed or will fail.
Miller said the legislation would give retirees the right to vote in advance
whether to enter a restructuring that could cut their benefits. He, Kline and
others said the alternative to the legislation might be an even deeper reduction
REP. KLINE'S PROPOSED CUTS CATCH PENSIONERS BY SURPRISE - December 11,
The measure, which would allow multi-employer pension plans that are underfunded
to significantly cut benefits to retirees under age 75, is an attempt to prevent
such plans from running out of money.
Of the nation’s 40 million people in defined benefits pensions, 10 million are
in multi-employer plans. Roughly 1.5 million of them currently receive payments
from underfunded plans, some of which are within a decade of being insolvent.
“I’ve had it with them legislating in appropriations bills,” Peterson said.
“Some people’s pensions could be cut by 50 percent. That’s a pretty big deal.”
The pension benefits battle is not a Republican-Democrat issue or even an
employer-union issue. California Democratic Rep. George Miller helped Kline
craft the bill allowing cuts.
The Service Employees International Union and several other unions support it.
And the Teamsters Central States Pension Fund, which faces insolvency without
adjustments in the next decade, was looking for help.
In addition, the federal Pension Benefit Guaranty Corp. (PBGC), which provides
benefits if pension funds go broke, could run out of money in the event of a
major collapse of pension funds. Even if it didn’t, the PBGC caps its benefits
at $13,000 per year.
CONGRESS' BACKROOM PENSION-CUTTING DEAL IS EVEN WORSE THAN EXPECTED - 10
At last the actual language has been released of the backroom, last-minute
congressional deal allowing benefits of millions of retired workers to be
It's even worse than its critics anticipated.
We've tracked this inexcusably hasty, secretive maneuvering during the last
reporting that it allows extreme, potentially premature cuts in benefits for
retirees who are members of multi-employer pension plans. Such plans typically
are sponsored jointly by unions and employers in given industries, like
See our posts here and here for more background.
WALL ST. DEMANDING DEREGULATION FOR DERIVATIVES IN GOVERNMENT SHUTDOWN BILL
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. Big Wall Street banks had
typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-
Frank financial reform law required them to move many of the transactions to
other subsidiaries that are not insured by taxpayers.
Taxpayer insurance helps banks secure higher credit ratings for their
derivatives, since taxpayers assume some of the risk, which in turn makes the
banks more profitable.
RUSSELL NAPIER DECLARES NOVEMBER 16, 2014 THE DAY MONEY DIES -
On Sunday in Brisbane the G20 will announce that bank deposits are just part of
commercial banks’ capital structure, and also that they are far from the most
senior portion of that structure. With deposits then subjected to a decline in
nominal value following a bank failure, it is self-evident that a bank deposit
is no longer money in the way a banknote is. If a
banknote cannot be subjected to a decline in nominal value, we need to ask
whether banknotes can act as a superior store of value than bank deposits?
If that is the case, will some investors prefer
banknotes to bank deposits as a form of savings? Such a change in preference is
known as a "bank run."
Each country will introduce its own legislation to effect the ‘ bail-in’ agreed
by the G20 this coming weekend. The consultation document from the UK’s Treasury
lists the following bank creditors who will rank ABOVE
depositors in a ‘failing’ financial institution:
IS YOUR MONEY SAFE IN A 'TOO BIG TO FAIL' BANK? - May 7, 2013
Dodd-Frank rules won't protect ordinary depositors when the next bank
One of the sharpest critics is Ellen Brown of the Public Banking Institute...
The changes imposed by Dodd-Frank may protect taxpayers from funding the next
bailout, but if the taxpayer doesn't foot the bill, and if Washington feels it's
too dangerous to let a major bank fail, who pays? Shareholders and bondholders
will take the first hit, as they should: Dodd-Frank allows the government to
forcibly convert bonds to common stock, wiping out the bank's obligation to pay
back the bondholders.
So who's next in line to pay?
According to Brown, the depositors are next in line to
get wiped out, and they'll get tapped before another government-funded bailout
is approved by Congress. Brown argues that depositing your money in a bank is essentially the same as lending
money to the bank (as if, say, you bought one of the
bank's bonds instead of opening a checking account).
Intuitively you may think that when you deposit your money in a bank, it's
and the bank has to give it back on demand – but that's not completely true.
It's legally the bank's money now, says Brown. The bank only has to give
it back to the extent that it has money left to give after settling up with
parties who have a higher priority than the depositors.
It turns out that the counterparties in a bank's
derivatives trades actually have higher priority in getting paid back than
ordinary depositors. That's right: The very same folks
who are engaging in the speculative trades that are likely to bring down the
bank are also the ones who will step to the front of the line to get paid off if
the bank does fail. (Technically, the reason they have this priority is that
under the Bankruptcy Reform Act of 2005, derivatives counterparties are given
preference over all other creditors and customers.)
Some of the more common derivatives include forwards, futures, options, swaps,
and variations of these such as collateralized debt obligations, credit default
swaps, and mortgage backed securities. Most derivatives are traded over-the-
counter (off-exchange) or on an exchange such as the Chicago Mercantile
while most insurance contracts have developed into a separate industry.
Derivatives are one of the three main categories of financial instruments, the
other two being equities (i.e. stocks or shares) and debt (i.e. bonds and
AMERICA IS AN OLIGARCHY, NOT A DEMOCRACY OR REPUBLIC, UNIVERSITY STUDY FINDS
- April 21, 2014
America is no longer a democracy — never mind the democratic republic envisioned
by Founding Fathers.
Rather, it has taken a turn down elitist lane and become a country led by a small dominant class comprised of powerful members
who exert total control over the general population —
an oligarchy, said a new study jointly conducted by Princeton and
AUSTRALIAN BANKS DEMAND PROTECTION FROM DERIVATIVES LOSSES UNDER BAIL-IN
PLAN - 2013:08:08
The international bankers (the Financial Stability Board) who are behind the
G20-wide bank bail-in scheme, have sought to portray it as being designed to
"resolve" failing banks, while at the same time, “protecting” bank depositors.
However, the truth is that the FSB bail-in scheme is really designed to ensure
that the mega-banks — "systemically important financial institutions (SIFI)" —
will receive priority for payout on their derivatives positions, in any
"resolution" of a failing bank.
Because for the bankers, propping themselves and their compadres up is all that
matters. What we call "theft", they call "ensuring
financial system stability".
According to the RBA, our banking system holds $21.5 Trillion in "Off-Balance
Sheet" derivatives exposures:
BAIL-OUT IS OUT, BAIL-IN IS IN (by Ellen Brown) - April 30, 2013
[M]ost depositors naively assume that their deposits are 100% safe in their
banks and trust them to safeguard their savings. Under the new "template" all
lenders (including depositors) to the bank can be forced to "bail in" their
Because the use of taxpayer-funded bailouts would likely no longer be tolerated
by the public, a new bank rescue plan was needed. As it turns out, this new
"bail-in" model is based on an agreement that was the result of a bank bail-out
model that was drafted by a sub-committee of the BIS (Bank for International
Settlement) and endorsed at a G20 summit in 2011. For those of you who don’t know, the BIS is the global
"Central Bank" of Central Banks. As such it is the world’s most powerful
The new approach has been agreed at the highest levels . . . It has been a topic
under consideration since the publication by the Financial Stability Board (a
BIS committee) of a paper, Key Attributes of Effective Resolution Regimes for
Financial Institutions in October 2011, which was endorsed at the Cannes G20
summit the following month. This was followed by a consultative document in
November 2012, Recovery and Resolution Planning: Making the Key Attributes
[W]hat is commonly referred to as a "bail-in" in Cyprus
is actually a global bank rescue model that was derived and ratified nearly two
years ago. . . . [B]ank deposits in excess of
Government insured amount in any bank in any country will be treated like
unsecured debt if the bank goes belly-up and is restructured in some form.
You say you have money in a pension fund and an IRA at XYZ bank? Oops, it is
really on deposit in you-know-who’s bank. You say you have money in a brokerage
account? Oops, it is really being held overnight in their TBTF bank. Remember
MF Global? Who can say how far the entanglements go? The current financial
system and market structure is crazy with hidden risk, insider dealings, control
frauds, and subtle dangers.
Dodd-Frank did not touch favored status [of derivatives] and despite all the
sound and fury, . . . there are very few signs from either party that anyone
with any clout is suddenly about to revisit that decision and simplify
bankruptcy treatment. Why? Because for all its relative straightforwardness
compared to more difficult fixes, derivatives remains a mysterious black box to
most Americans . . . . [A]s the sense of urgency to reform passes . . . we
return to a situation of technical interest to only a few, most of whom have
their own particular self-interest in mind.