GLOBAL DERIVATIVES = $1.5 QUADRILLION TIME-BOMB!
Wall Street + LONDON = Gambling Casinos = Bad endings = $700 TRILLION IN GLOBAL DERIVATIVES = Exotic instruments total about $1.5 quadrillion = 20% more than in 2008
Beyond our control if unexpected turmoil strikes = Predicted by Bob Chapman + Paul Craig Roberts = Could “destroy Western civilization” = Catastrophic failure awaits = Just a matter of time.
Financial deregulation turned Wall Street into a casino with no rules
Ellen Brown = Calls “derivatives casino” = A last-ditch SCAM to prop up pyramid scheme” Crumbling under its own weight.
Warren Buffett called derivatives “financial time bombs” = Earnings “wildly overstated based on estimates whose inaccuracy may not be exposed for many years.” = Corporate bosses FORCE financial executives to manipulate profits in any quarter using TRICKS.
Since 2008 = Too-big-to-fail banks are much BIGGER
BIG BANKSTERS = Financial and political powerhouses RIPPING OFF World Economies to their own advantage.
SURVIVAL of Civilization = REQUIRES smashing and Dismantling BIG BANKSTERS into small, impotent pieces to PUT Money back into public hands = Where it belongs.
Private Criminal Predators = Entrap, Control, and Destroy Greece and other small/weak NATIONS = Unrepayable Debt Peonage = Bleed them dry into third world dystopian backwaters = BANKSTERS Grow Richer and More Powerful using a wholly corrupt system going bust.
BANKSTERS = Are decimating billions of people worldwide into unheard of human misery
July 23, 2015 Washington Post Editors = “Don’t worry, be happy “The Fed’s stance on banks and capital makes good sense.” = BUT Half-intelligent economics students know better. = LIE is “US financial system …less bailout-prone since” then 2008-09 crisis.
WaPo editors endorse too-big-to-fail banks. They tout so-called “economies of scale and greater ‘soft power’ for US foreign policy.
“(B)ig banks are considerably better capitalized than” half a decade earlier – enough to “withstand (another) ‘Great Recession.”
ROTHSCHILDS Wall Street MAFIA RUN FED RESERVE = Problem of infinte near worthless money for the GAMBLING CASINOS
BIG BANKSTERS = Buy politicians like toothpaste = To proved LEGALIZED FRAUD in return for BIG Campaign BRIBES and other special favors.
GAMBLING CASINO BANKSTERS = House-of-cards waiting to IMPLODE
FACT: Fed’s ‘stress test’ in March = Ignored monstrous $1.5 TRILLION derivatives ticking time bomb.
Bill Clinton = ALLOWED CREATION OF TOO-BIG-TO-FAIL + DERIVATIVES GAMBLING CASINO CULTURE of anything goes = Counter-parties don’t have funds to pay on demand + Bubbles GROW AND BURST like 1929.
CLINTON = Repealing Glass-Steagall (signing 1999 Gramm-Leach-Bliley Act – letting insurance, investment and commercial banking merge) + Signed Commodity Futures Modernization Act (unregulated derivatives trading)
Stephen Lendman editor and contributor to book titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”