Tag Archives: banks

The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High

The bubble has increased since 2008, WHY?  “You see, the truth is that virtually none of the underlying problems that caused the last financial crisis have been fixed”.

Bank of America on a hook for 38 Trillion Dollars. That is the LOW.

Goldman Sachs, 48 Trillion, that is 460 times greater than their total assets.

Citibank,  62 Trillion

JP Morgan Chase 70 Trillion

 

The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008.  It is a financial bubble far larger than anything the world has ever seen, and when it finally bursts it is going to be a complete and utter nightmare for the financial system of the planet.  According to the Bank for International Settlements, the total notional value of derivatives contracts around the world has ballooned to an astounding 710 trillion dollars ($710,000,000,000,000).  Other estimates put the grand total well over a quadrillion dollars.  If that sounds like a lot of money, that is because it is.  For example, U.S. GDP is projected to be in the neighborhood of around 17 trillion dollars for 2014.  So 710 trillion dollars is an amount of money that is almost incomprehensible.  Instead of actually doing something about the insanely reckless behavior of the big banks, our leaders have allowed the derivatives bubble and these banks to get larger than ever.  In fact, as I have written about previously, the big Wall Street banks are collectively 37 percent larger than they were just prior to the last recession.  “Too big to fail” is a far more massive problem than it was the last time around, and at some point this derivatives bubble is going to burst and start taking those banks down.  When that day arrives, we are going to be facing a crisis that is going to make 2008 look like a Sunday picnic.

If you do not know what a derivative is, Mayra Rodríguez Valladares, a managing principal at MRV Associates, provided a pretty good definition in her recent article for the New York Times

A derivative, put simply, is a contract between two parties whose value is determined by changes in the value of an underlying asset. Those assets could be bonds, equities, commodities or currencies. The majority of contracts are traded over the counter, where details about pricing, risk measurement and collateral, if any, are not available to the public.

In other words, a derivative does not have any intrinsic value.  It is essentially a side bet.  Most commonly, derivative contracts have to do with the movement of interest rates.  But there are many, many other kinds of derivatives as well.  People are betting on just about anything and everything that you can imagine, and Wall Street has been transformed into the largest casino in the history of the planet.

After the last financial crisis, our politicians promised us that they would do something to get derivatives trading under control.  But instead, the size of the derivatives bubble has reached a new record high.  In the New York Times article I mentioned above, Goldman Sachs and Citibank were singled out as two players that have experienced tremendous growth in this area in recent years…

Goldman Sachs has been increasing its derivatives volumes since the crisis, and it had a portfolio of about $48 trillion at the end of 2013. Bloomberg Businessweek recently reported that as part of its growth strategy, Goldman plans to sell more derivatives to clients. Citibank, too, has been increasing its derivatives portfolio, despite the numerous capital and regulatory challenges, In fact, its portfolio has risen by over 65 percent since the crisis — the most of any of the four banks — to $62 trillion.

According to official government numbers, the top 25 banks in the United States now have a grand total of more than 236 trillion dollars of exposure to derivatives.  But there are four banks that dwarf everyone else.  The following are the latest numbers for those four banks…

JPMorgan Chase

Total Assets: $1,945,467,000,000 (nearly 2 trillion dollars)

Total Exposure To Derivatives: $70,088,625,000,000 (more than 70 trillion dollars)

Citibank

Total Assets: $1,346,747,000,000 (a bit more than 1.3 trillion dollars)

Total Exposure To Derivatives: $62,247,698,000,000 (more than 62 trillion dollars)

Bank Of America

Total Assets: $1,433,716,000,000 (a bit more than 1.4 trillion dollars)

Total Exposure To Derivatives: $38,850,900,000,000 (more than 38 trillion dollars)

Goldman Sachs

Total Assets: $105,616,000,000 (just a shade over 105 billion dollars – yes, you read that correctly)

Total Exposure To Derivatives: $48,611,684,000,000 (more than 48 trillion dollars)

If the stock market keeps going up, interest rates stay fairly stable and the global economy does not experience a major downturn, this bubble will probably not burst for a while.

But if there is a major shock to the system, we could easily experience a major derivatives crisis very rapidly and several of those banks could fail simultaneously.

There are many out there that would welcome the collapse of the big banks, but that would also be very bad news for the rest of us.

You see, the truth is that the U.S. economy is like a very sick patient with an extremely advanced case of cancer.  You can try to kill the cancer (the banks), but in the process you will inevitably kill the patient as well.

Right now, the five largest banks account for 42 percent of all loans in the entire country, and the six largest banks control 67 percent of all banking assets.

If they go down, we go down too.

That is why the fact that they have been so reckless is so infuriating.

Just look at the numbers for Goldman Sachs again.  At this point, the total exposure that Goldman Sachs has to derivatives contracts is more than 460 times greater than their total assets.

And this kind of thing is not just happening in the United States.  German banking giant Deutsche Bank has more than 75 trillion dollars of exposure to derivatives.  That is even more than any single U.S. bank has.

This derivatives bubble is a “sword of Damocles” that is hanging over the global economy by a thread day after day, month after month, year after year.

At some point that thread is going to break, the bubble is going to burst, and then all hell is going to break loose.

You see, the truth is that virtually none of the underlying problems that caused the last financial crisis have been fixed.

Instead, our problems have just gotten even bigger and the financial bubbles have gotten even larger.

Never before in the history of the United States have we been faced with the threat of such a great financial catastrophe.

Sadly, most Americans are totally oblivious to all of this.  They just have faith that our leaders know what they are doing, and they have been lulled into complacency by the bubble of false stability that we have been enjoying for the last couple of years.

Unfortunately for them, this bubble of false stability is not going to last much longer.

A financial crisis far greater than what we experienced in 2008 is coming, and it is going to shock the world.

http://theeconomiccollapseblog.com/archives/the-size-of-the-derivatives-bubble-hanging-over-the-global-economy-hits-a-record-high

FACT CHECK #94

 

Found at http://www.lindseywilliams.net/lindsey-williams-new-information-and-radio-schedule/ :

The following quotes were found in the above article by Lindsey Williams. We are not here to promote Lindsey Williams, but the content of this article contains further information that we thought you would all find very interesting. Stay tuned at the end for a brief special message from the WHA.

First, Max Keiser of the Max Keiser Financial War Reports writes:

““What will happen is there’s going to be a currency revaluation across the globe. The dollar will probably be cut in half versus its other major trading currencies. Gold in particular will have to be, as it was in the 30’s, valued upward. So gold and precious metals and any currency that beings in a basket of commodities or precious metals as the basis of that currency will, in concert, you’re going to see a revaluation of gold bullion I believe… and you can see the price of gold move up 50, 60% in one day or one week, or it could move 100% in a week. This means that all currencies are going to be revalued against gold and the currency that stands to lose the most would be the US dollar.

And people will wake up in America, as it has happened in other countries, like Iceland recently, or other bail out countries from the IMF, or in Russia, or in the UK in the 70’s and suddenly they wake up and it’s like our currency was devalued by 50%, we’re now being bailed out by the IMF and the world bank, everything at the store costs double or triple or quadruple, and there’s nothing they can do about it because it’s not like these things happening without a careful coordinated plan by the banking establishments around the world that’s setting this all up to go when it needs to go. It’s going to be relatively effortless on their part.” 

Further down the article, there is a recapitulation of the recent remarks from IMF Chief Christine Lagarde which reads:

“There is thorough analysis of the chairman of the IMF Christine Lagarde’s recent speech at The National Press Club including the blatant statement alluding to global currency reset “…forthcoming asset quality and stress tests that will take place in 2014.” Later global currency reset confirmed in her speech at Davos World Economic Forum… “We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World”. The IMF is telling you what they are going to do. Definitely keep an eye out on what the IMF is saying.”

Additionally, there is a quote from Mexican Billionaire Hugo Salinas Price who comments on the current world financial system:

“…….The world is attempting to live by means of the great lie of fiat money. It will not work. You deal with Reality by means of Truth; Truth is thinking that checks with Reality. Gold is money, and if we refuse to face that fact, we are lying.” He also talks about how we got to this current global economic crisis. “We got to this state because our leaders – in Universities and in Politics – have wished to forget Reality and have thought that by using our brains we can get around Reality. Thus our thinkers and political leaders have been attempting to put Reality to one side and in its place, use fictitious money, which can be manipulated to keep people happy.” He goes on to say “Our leaders have chosen mass deceit as their instrument of power. What they will obtain will be utter chaos and disorder, and mass impoverishment.” Price goes on to say “The clear beneficiaries of monetary and credit expansion are those who get the money and the credit first, before the rest of the people. They become wealthier, at least for a time, while the rest of the people sink into diminished well-being. But, eventually, all goes up in smoke and heads begin to roll: those of the guilty as well as those of the innocent…….”

We will let you enjoy the article in total when you have time to read it. Again, we are not promoting the site other than to share information of a relevant nature to the Global Currency Reset. We get ZERO compensation if any of you patronize the products sold on the blog. 

Lastly, we have had a very brief exchange from our wonderful WH contact tonight. The exchange was very brief. There is a reason for that. We do not want to interrupt their important work with constant demands for information. We use our best judgment in this area to balance the desire for information with the even stronger desire to see their mission conclude as soon as possible. There can be no doubt that the GCR is real and is coming. The cat is way out of the bag and has scampered up the drapes and is screeching at the mouse in the rafters. Our focus now is just the general progression of the event. With that in mind I am happy to report to you all that progress is brisk and the inexorable motion towards the unleashing of the worlds largest financial transaction of our time is continuing!

Do NOT be convinced to join some offbeat campaign to call politicians or become involved in some half-baked, grabastic, disorganized hustle to “organize” so you can “be heard”. Do you honestly think that such spastic actions are going to to ANYTHING to affect what is being done behind the scenes by people who are miles away and light-years ahead of any such deluded efforts??

The best thing you can do right now is attend to your lives and just prepare yourselves as best you can for what is coming. Leave the heavy lifting to those who are expert at it.

In closing, I have to say I am very, very proud to have many of you involved in our effort to keep people informed. You have acted, FAR AND AWAY, with more dignity and intelligence than 90% of the people I have observed, who continue to forward ridiculous “intel” from “sources” and whip up the anxieties of people in a needless fashion.

Continue on, and thank you all for your readership.

And, once again, thank you to the White Hats for your continuing efforts to accomplish your mission!

WHA

Icelanders Overthrow Government and Rewrite Constitution After Banking Fraud-No Word From US Media

 

 

Tags:

 

IcelandCan you imagine participating in a protest outside the White House and forcing the entire U.S. government to resign? Can you imagine a group of randomly chosen private citizens rewriting the U.S. constitution to include measures banning corporate fraud? It seems incomprehensible in the U.S., but Icelanders did just that.  Icelanders forced their entire government to resign after a banking fraud scandal, overthrowing the ruling party and creating a citizen’s group tasked with writing a new constitution that offered a solution to prevent corporate greed from destroying the country. The constitution of Iceland was scrapped and is being rewritten by private citizens; using a crowd-sourcing technique via social media channels such as Facebook and Twitter. These events have been going on since 2008, yet there’s been no word from the U.S. mainstream media about any of them. In fact, all of the events that unfolded were recorded by international journalists, overseas news bureaus, citizen journalists and bloggers. This has created current accusations of an intentional cover up of the story by mainstream U.S. news sources.

An “iReport” on CNN, written by a private citizen in May 2012, has questioned the reasons why this revolution has not been widely covered in the U.S., suggesting that perhaps the mainstream media is controlled by large corporate interests and thus has been unwilling to report on Iceland’s activities. That report is currently making its way around social media. CNN today placed a statement on its website saying: “We’ve noticed this iReport is being shared widely on Facebook and Twitter. Please note that this article was posted in May 2012. CNN has not yet verified the claims and we’re working to track down the original writer.” It is interesting to note that CNN’s European version, CNN Europe, already covered the story of the protests and the government’s resignation, leading many to question why CNN would now need to “look into” the claims.

Besides CNN Europe’s own coverage of the scandal, the events in Iceland were widely covered by international media and are easily verified by a simple search on Google which leads to a variety of reputable international news sources that ran numerous stories on the Icelandic revolution. A whole documentary has been made on the governmental overthrow called Pots, Pans and Other Solutions, and now, the conversation is focused on whether or not the citizens’ actions actually worked to make Iceland a more equitable nation.

Iceland

To understand the enormity of what happened in Iceland, it’s best to draw parallels between the initial banking fraud that caused Iceland’s economy to collapse and the banking fraud in the U.S. that caused the mortgage crisis six years ago. In Iceland, unscrupulous bankers had inflated the value of Iceland’s banks internationally which in turn caused the “bubble” to eventually burst in 2008 and saw most of Iceland’s banks going bankrupt.

A similar situation happened in the U.S. just one year before the collapse in Iceland, with the mortgage crisis of 2007. Mortgage lenders in the U.S. knowingly lent money to prospective homeowners who could not afford to purchase a home. This, in turn, led to falsely inflated home values and a vicious cycle of too much lending. Just as in Iceland, the bubble burst and many U.S. banks were about to declare bankruptcy. In Iceland, the citizens took to the streets by the thousands, banging pots and pans in what is known as the “pots and pans revolution,” leading to the arrest and prosecution of many unscrupulous bankers responsible for the economic collapse. Icelandic citizens also refused to pay for the sins of the bankers and rejected any measures of taxation to bail them out. In the U.S., the government bailed out the banks and arrested no one.

The pots and pans revolution in Iceland was not covered by mainstream U.S. media. In fact, any information about this revolution is found only on international newspapers, blogs and online documentaries, not on mainstream front-page articles as would be expected from news organizations covering a story of this magnitude. The New York Times published a small handful of piecemeal stories, blogs and opinion pieces, but mostly glossed over the main narrative by saying the 2008 financial collapse in Iceland caused “mayhem far beyond the country’s borders” rather than pointing out that Icelanders took to the streets with pots and pans and forced their entire government to resign.

Iceland

As the saying goes, “there are two sides to every story,” but a more accurate articulation of this phrase would be “in any story, there are multiple sides, viewpoints, opinions and perspectives.” The story in Iceland is no exception. Socialist and Marxist blogs here in the U.S. say that there’s been a massive U.S. news conspiracy and cover up about the revolution in Iceland because the U.S. media is controlled by corporations, including banks, and the “powers that be” don’t want U.S. citizens getting any ideas to stage a revolution of their own. Some conservative Icelandic bloggers claim that while there was, indeed, a revolution, it did not lead to a successful or widely accepted new constitution. They say the situation in Iceland is worse than ever, and that international news reports of an effective democratic uprising leading to a better government are simply myths. Social media commenters are scratching their heads over why they were robbed of the story of Iceland’s pots and pans revolution.

As with most narratives, the truth may lie somewhere in the middle of all of these varying perspectives. One thing is clear, though: it’s nearly impossible to find one mainstream U.S. news report of the pots and pans revolution in Iceland, the resignation of Iceland’s entire government, and the jailing of the bankers responsible for the economic collapse there. Whether or not the revolution led to a more fair government or a workable and effective constitution is irrelevant to the fact that the U.S. media has essentially skipped over this story for the past five years.

Is it possible that mainstream media sources purposely covered up the Iceland story to appease their corporate sponsors? It doesn’t seem likely, and yet, what explanation could be given as to why this news never made it to the front pages of our most trusted media organizations here in the U.S.?

As Iceland struggles to regain its footing with a new government, U.S. citizens may or may not be able to look to Iceland as an example of perfect democracy in action. The real question, though, is why weren’t U.S. citizens given the information about the ousting of the Icelandic government and the jailing of the unscrupulous bankers? Are journalists in control of the mainstream media or is there some truth to accusations that big business may, in fact, be strong-arming reporters to keep quiet about world events that could inspire similar actions here in the U.S.?

By: Rebecca Savastio

Sources:

Reuters UK

Newsnet Scotland

New York Times

Pressenza International Press Agency

Techdirt

New York Times Blog

Youtube

Pot Pans Documentary

Internationalist.org

The Guardian

Collective-Evolution

New York Times

Foreclosure Nation

New York Times

 

Kicking out the Federal Reserve and Issuing Dollars Backed by Gold in Secret Vault of Bank of Hawaii

 

From: Karen Hudes  Date: Sun, Nov 24, 2013 at 8:51 AM Subject: Re: An Idea To: louisross92@gmail.com, colville elaine 

Dear Louis,

I am copying Elaine Colville, a Scottish whistleblower.  I am sure that Elaine has left no stone unturned.  In the meantime, this is also to update the rest of the World Bank whistleblowers (blind copied) and my facebook friends where things stand.

Best, Karen

Attachment:

https://s3.amazonaws.com/khudes/facebook2.docx

From: Louis <louisross92@gmail.com> Subject: An Idea

Message Body: Hi Ms Hudes

I think it’s amazing what you and your whistle blower friends are doing. I’ve watched a couple of your interviews on YouTube and understand that the UK parliament ignored your complaints? I’m not sure if you may or maybe not have done this already, but have you ever considered sending your information to the Scottish government? They are both connected. Maybe Westminster will pay attention then. They are always calling them out for something. It’s worth a try.

Louis.

This mail is sent via contact form on kahudes http://kahudes.net/contact-us/ ——— Forwarded message ———- From: Karen Hudes <h.k3511@gmail.com> Date: Sun, Nov 24, 2013 at 8:05 AM Subject: The Runaway Government To: ggilbertson@co.josephine.or.us Cc: ocemail@montgomerycountymd.gov, NATO PA <press@nato-pa.int>

I just learned of your 2011 letter to the US Forest Service.   I worked in the World Bank Legal Department for 20 years, and have been fighting the corruption in the US Federal Government along with other whistleblowers.  The corruption is about to end, as US allies who want to put the groups responsible for this corruption back in their place are now in a coalition with the Council of Governors and the Department of Defense.  

The Jesuits have been responsible for this corruption, and were working with corrupt families to try and dominate the place.  Their efforts failed miserably, and now it is time for the United States to be a real beacon of light to the nations.  

The first thing for us to do is to kick the Federal Reserve out, and then to issue dollars backed by the gold that is on secret deposit in the Bank of Hawaii.  The legal signatory to the gold in the vault is ready to sign the papers.  

I would appreciate your helping me to get our local governments and state governments on board. I am in touch with the Council of Governors and the County Executives of America (its President, Ike Leggett, is the County Executive for Montgomery County, Maryland).  I have also contacted the Sheriffs for Montgomery County and Frederick County, Maryland.

Best,

Karen Hudes    

http://www.kahudes.net

skype; 301 229-0058

——— Forwarded message ———-
From: Karen Hudes <h.k3511@gmail.com>
Date: Wed, Oct 23, 2013 at 10:47 PM
Subject: Fwd: Rule of Law in these United States
To: scheduler@mikulski.senate.gov, andrew.lippstone@state.de.us, “dquam@nga.org” <dquam@nga.org>, bryan.whitman@osd.mil,dllr@dllr.state.md.us, rbaldwin@ncsc.org, NATO PA <press@nato-pa.int>, alan_hanson@shelby.senate.gov,david_young@grassley.senate.gov, Rick Dearborn <rick_dearborn@sessions.senate.gov>, Karen_Billups@murkowski.senate.gov,David_Ramseur@begich.senate.gov, paul_cancienne@mccain.senate.gov, Steve_Voller@flake.senate.gov, Andy_York@pryor.senate.gov,matt_sagely@boozman.senate.gov, Chris_Thompson@feinstein.senate.gov, Chad_wallace@boxer.senate.gov,sarah_moffat@feinstein.senate.gov, Laura_Schiller@boxer.senate.gov, Michael_Sozan@udall.senate.gov, Jonathan_Davidson@bennet.senate.gov, laurie_rubiner@blumenthal.senate.gov, Francis_Creighton@murphy.senate.gov, Jim_Reilly@carper.senate.gov,Todd_Webster@coons.senate.gov, Pete_Mitchell@nelson.senate.gov, cesar_conda@rubio.senate.gov, Charlie Harman <Charlie_Harman@chambliss.senate.gov>, Teresa_Ervin@chambliss.senate.gov, chris_carr@isakson.senate.gov,andy_winer@schatz.senate.gov, Betsy_Lin@hirono.senate.gov, Susan_Wheeler@crapo.senate.gov, John_Sandy@risch.senate.gov,patrick_souders@durbin.senate.gov, Kate_Dickens@kirk.senate.gov,Dean_Hingson@coats.senate.gov, Joel_Elliott@donnelly.senate.gov,Brian_Ahlberg@harkin.senate.gov, Jackie_Cottrell@roberts.senate.gov, Todd_Novascone@moran.senate.gov,Josh_Holmes@mcconnell.senate.gov, Doug_Stafford@paul.senate.gov, jane campbell <Jane_Campbell@landrieu.senate.gov>,Kyle_Ruckert@vitter.senate.gov, steve_abbott@collins.senate.gov, kay_rand@king.senate.gov, Rachel_MacKnight@mikulski.senate.gov,Marianne_Kreitner@mikulski.senate.gov, Chris_Lynch@cardin.senate.gov, Mindy_Myers@warren.senate.gov,David_lyles@levin.senate.gov, Amanda_Renteria@stabenow.senate.gov, Jonathan_Becker@klobuchar.senate.gov, Casey_Aden-Wansbury@franken.senate.gov, Steven_Wall@cochran.senate.gov, michelle_barlow@wicker.senate.gov, julie_dwyer@mccaskill.senate.gov, Glen_Chambers@blunt.senate.gov, Paul_Wilkins@bauchus.senate.gov, mollie_binotto@tester.senate.gov,tom_lopach@tester.senate.gov, kathline_amacio@johanns.senate.gov, tim_becker@johanns.senate.gov, Mike_Hybl@fischer.senate.gov,david_krone@reid.senate.gov, bill_dauster <bill_dauster@reid.senate.gov>, josh_finestone@heller.senate.gov, leonardo_benavides@heller.senate.gov, mac_abrams@heller.senate.gov, erica_anhalt@shaheen.senate.gov, Maura_Keefe@shaheen.senate.gov,John_Easton@ayotte.senate.gov, judy_rainey@lautenberg.senate.gov, dan_katz@lautenberg.senate.gov, daniel_o’brien@menendez.senate.gov, Michael_Collins@udall.senate.gov, Steve_Haro@heinrich.senate.gov, mike_lynch@schumer.senate.gov,jess_fassler@gillibrand.senate.gov, chris_joyner@burr.senate.gov, crystal_king@hagan.senate.gov, sara_garland@conrad.senate.gov,elizabeth_gore@dorgan.senate.gov, mark_powden@brown.senate.gov, Ryan Jackson <Ryan_Jackson@inhofe.senate.gov>,Brian_Treat@coburn.senate.gov,Joshua_Sheinkman@wyden.senate.gov, Michael_Zamore@merkley.senate.gov,james_brown@casey.senate.gov, Christopher_Gahan@toomey.senate.gov, Neil_Campbell@reed.senate.gov,Sam_Goodstein@whitehouse.senate.gov, Richard_Perry@graham.senate.gov, Kimberly_Wallner@scott.senate.gov,Drey_Samuelson@johnson.senate.gov, Ryan_Nelson@thune.senate.gov, Ryan_Loskarn@alexander.senate.gov,Todd_Womack@corker.senate.gov, Beth_Jafari@cornyn.senate.gov, Chip_Roy@cruz.senate.gov, Michael_Kennedy@hatch.senate.gov,Spencer_Stokes@lee.senate.gov, John_Dowd@leahy.senate.gov, Michaele_Crowell@sanders.senate.gov,Jacob_Lew@sanders.senate.gov, Luke_Albee@warner.senate.gov, Mike_Henry@kaine.senate.gov, Mike_Spahn@washington.senate.gov,Jennifer_Griffith@cantwell.senate.gov, JALVAREZ@worldbank.org, emiagkov <emiagkov@worldbank.org>, “Fridman, Ari” <ari.fridman@mail.house.gov>
Cc:press@nato-pa.int

http://www.abeldanger.net/2013/10/mi2-f3-6-4-csi-skinners-hall-chapter-11.html

http://new.livestream.com/accounts/1990801/events/2491478

/economics-and-politics/2013/10/ex-navy-seal-drops-bombshell-on-fox-says-government-is-creating-conditions-to-impose-martial-law-oct-15-2013-video-report-2457518.html
In the United States of America, citizens have the right to consent to our government. We have withdrawn this consent since 1929, when the Federal Reserve grabbed Yellowstone, the rest of our state parks, converted future earnings of our citizens into bonds for investment in the capital markets, gave our tax dollars to the UK and the Vatican, and turned our federal courts into Maritime courts. Congress is required to convene a Constitutional Convention under Article V of the Constitution. The US Congress may not refuse to call a Constitutional Convention. http://foa5c.org/file.php/1/Amendments/071_cg_r_03369_1929_HL.JPG
US dollars do not have to crash. Brazil, Russia, India, China, and South Africa finance their international trade with offsets and gold. Chase is refusing to transfer money out of the United States.  http://www.naturalnews.com/042529_Chase_bank_capital_controls_financial_red_alert.html
We can back our dollars, issued by the Treasury, with precious metals and other assets. The world’s gold is in trust for the benefit of humanity and can prevent an economic crash. http://www.naaij.org/2013/10/12/the-greatest-heist-in-history-the-jesuits-bankers-hid-the-worlds-treasure/
The Federal Government must respect the rule of law of the land. The Sheriffs, County Executives, and the Council of Governors are assisting the World Bank whistleblowers in enforcing the law of the land

 

http://beforeitsnews.com/forex/2013/11/kicking-out-the-federal-reserve-and-issuing-dollars-backed-by-gold-in-secret-vault-of-bank-of-hawaii-2451718.html

The Biggest Scam in the History of Mankind: Hidden Secrets of Money – Episode 4

Got this in an email. You can subscribe too.

Dear Andy,  

    

You are about to learn one of the 
biggest secrets in the history of the 
world… it’s a secret that has huge 
effects for everyone who lives on 
this planet. Most people can feel 
deep down that something isn’t 
quite right with the world economy, 
but few know what it is.
Gone are the days where a family 
can survive on just one paycheck… 
every day it seems that things are 
more and more out of control, yet 
only one in a million understand why. 
You are about to discover the 
system that is ultimately responsible 
for most of  the inequality in our world 
today. 
The powers that be DO NOT want you 
to know about this, as this system is 
what has kept them at the top of the 
financial food-chain for the last 100 
years.
Learning this will change your life, 
because it will change the choices that 
you make. If enough people learn it, 
it will change the world…because it 
will change the system. 
For this is the biggest Hidden Secret 
of Money.
Never in human history have so many 
been plundered by so few, and it’s all 
accomplished through this…The Biggest 
Scam in the History of Mankind.
 
 
P.S. Please share Forbidden Knowledge TV emails

and videos with your friends and colleagues by using the “Forward to a Friend” link within this newsletter, below. 

 
That’s how we grow. Thanks.
   
Alexandra Bruce Publisher, ForbiddenKnowledgeTV.com 
Daily Videos from the Edges of Science Buy Books by Alexandra Bruce

Miss a broadcast? All FKTV broadcasts are backed up on Facebook and Twitter
If you should ever find yourself accidentally unsubscribed and unable to re-subscribe, please click here