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The “Fiscal Cliff” Is A Diversion: The Derivatives Tsunami and the Dollar Bubble!

Financial_Tsunami_Coming

  • The “Fiscal Cliff” Is A Diversion:  The Derivatives Tsunami and the Dollar Bubble! 
    by Dr. Paul Craig Roberts, http://www.globalresearch.ca/ 
    The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones.

    The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut spending and to raise taxes.  In other words, the “fiscal cliff” is going to happen either way.

    The problem from the standpoint of conventional economics with the fiscal cliff is that it amounts to a double-barrel dose of austerity delivered to a faltering and recessionary economy.  Ever since John Maynard Keynes, most economists have understood that austerity is not the answer to recession or depression.

    Regardless, the fiscal cliff is about small numbers compared to the Derivatives Tsunami or to bond market and dollar market bubbles. The fiscal cliff requires that the federal government cut spending by $1.3 trillion over ten years. The Guardian reports that means the federal deficit has to be reduced about $109 billion per year or 3 percent of the current budget.  More simply, just divide $1.3 trillion by ten and it comes to $130 billion per year. This can be done by simply taking a three month vacation each year from Washington’s wars.

    The Derivatives Tsunami and the bond and dollar bubbles are of a different magnitude. Last June 5 in “Collapse At Hand”   I pointed out that according to the Office of the Comptroller of the Currency’s fourth quarter report for 2011, about 95% of the $230 trillion in US derivative exposure was held by four US financial institutions: JP Morgan Chase Bank, Bank of America, Citibank, and Goldman Sachs.

    Prior to financial deregulation, essentially the repeal of the Glass-Steagall Act and the non-regulation of derivatives–a joint achievement of the Clinton administration and the Republican Party–Chase, Bank of America, and Citibank were commercial banks that took depositors’ deposits and made loans to businesses and consumers and purchased Treasury bonds with any extra reserves.

    With the repeal of Glass-Steagall these honest commercial banks became gambling casinos, like the investment bank, Goldman Sachs, betting not only their own money but also depositors money on uncovered bets on interest rates, currency exchange rates, mortgages, and prices of commodities and equities.

    These bets soon exceeded many times not only US GDP but world GDP.  Indeed, the gambling bets of JP Morgan Chase Bank alone are equal to world Gross Domestic Product.

    According to the first quarter 2012 report from the Comptroller of the Currency, total derivative exposure of US banks has fallen insignificantly from the previous quarter to $227 trillion. The exposure of the 4 US banks accounts for almost of all of the exposure and is many multiples of their assets or of their risk capital.

    The Derivatives Tsunami is the result of the handful of fools and corrupt public officials who deregulated the US financial system. Today merely four US banks have derivative exposure equal to 3.3 times world Gross Domestic Product.  When I was a US Treasury official, such a possibility would have been considered beyond science fiction.

    Hopefully, much of the derivative exposure somehow nets out so that the net exposure, while still larger than many countries’ GDPs, is not in the hundreds of trillions of dollars. Still, the situation is so worrying to the Federal Reserve that after announcing a third round of quantitative easing, that is, printing money to buy bonds–both US Treasuries and the banks’ bad assets–the Fed has just announced that it is doubling its QE 3 purchases.

    In other words, the entire economic policy of the United States is dedicated to saving four banks that are too large to fail. The banks are too large to fail only because deregulation permitted financial concentration, as if the Anti-Trust Act did not exist.

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December 18, 2012 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off on The “Fiscal Cliff” Is A Diversion: The Derivatives Tsunami and the Dollar Bubble!

‘Dark Knight Rises’ Scene Eerily Shows “Sandy Hook” Written on Map!

  • ‘Dark Knight Rises’ Scene Eerily Shows “Sandy Hook” Written on Map!
    by http://www.infowars.com/
    Bizarre evidence that the Sandy Hook massacre in Connecticut may have been staged has surfaced in the form of YouTube videos which point out the words “Sandy Hook” were written on a map that appeared in the most recent Dark Knight movie, a startling revelation given the deluge of mysterious coincidences already plaguing the movie.

    According to numerous YouTube videos, a scene appears in which Commissioner Gordon points at a Gotham City map and confusingly, directly to the words “Sandy Hook.” At least one user who tried to upload a similar video pointing out this curious coincidence had it strangely removed.

    Another YouTube video asserts that the word “Aurora” also appeared in the movie, further fanning the flames of conspiracy swirling about the movie. In July, following the Aurora “Dark Knight” massacre, we wrote how the audience in the theater the night of the fateful shooting was made to watch a trailer in which gangsters in the upcoming Gangster Squad movie shot through a screen at audience members. The controversial scene was later scrubbed from the trailer altogether. Warner Brothers alleged that, up until the night of the shooting, they had “forgotten” that the trailer contained the scene.

    Another shocking coincidence came in the form of a Lil Wayne music video that absurdly featured skeletons in a movie theater. The video was released just days before the Aurora massacre took place.

    As more of these “strange coincidences” continue to pop up, it would take a fool not to question the motive behind it all: Is this all part of an evil pre-conditioning program?

    This definitely begins to tread into Satanic and occult territory, the purpose of which is known to only a select few in tight-knit circles at the very top branches of various secret societies.

    In a June 2012 article, Jurriaan Maessen described predictive programming, stating, “Classic predictive programming is usually set in motion to desensitize a target audience to a concept, a possibility, or an event- so when an idea is finally introduced into society, or when an event actually occurs, they have been carefully foreshadowed, pre-programmed you might say, in the minds of people.”

    As we have seen continually in the past, pre-conditioning and predictive programming go hand-in-hand in preparing, subconsciously, the minds of the masses for an event of ritual sacrifice.

    Take, for instance, what some have called a “mega ritual” event: 9/11. If 9/11 was set to be one of the largest mass rituals in history, it would require some of the grandest predictive programming that could be conjured, beginning as early as 1993 with various questionable insertions into the popular Simpsons TV show.

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December 18, 2012 Posted by | Social Trends | , , , , , | 2 Comments

Neil Barofsky on UBS Criminal Charges for LIBOR and HSBC Money Laundering Wrist Slap!

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Darryl Robert Schoon: The Twilight of the World’s Power Structures!

  • “Buy gold, buy silver, have faith.” So says Author Darryl Robert Schoon. Darryl says the coming crash of our monetary system will bring a transition away from the current debt & death paradigm – and what will emerge is “something far different from anything we’ve seen in human history.” The people who have been running the world have lost control and they know it. They have backed themselves into a corner – and we will soon see better days for humanity.

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December 18, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Comments Off on Darryl Robert Schoon: The Twilight of the World’s Power Structures!

Lindsey Williams: 10 Agendas for the Next 4 Years – Freedomizer Radio 14 Dec 2012!

  • Interview starts at the 68 minutes mark!

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December 18, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Lindsey Williams: 10 Agendas for the Next 4 Years – Freedomizer Radio 14 Dec 2012!

John Embry: Chinese Demand For Silver Has Exploded !

Silver_rocket

  • John Embry – Chinese Demand For Silver Has Exploded ! 
    by www.kingworldnews.com
    Today John Embry told King World News Chinese demand for silver has skyrocketed.  He also spoke about what to expect in 2013 for gold, silver and the global economy.  Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say:  “They are still mumbling about the fiscal cliff and there seems to be limited progress on that front.  I suspect they will get something cobbled together instead of letting this get to an extreme point because if they let this thing go over the cliff it would be disastrous.”

    “Removing that much stimulus from the US economy right now would be unfathomable considering how weak it is.  Up until a decision is finalized, they are holding gold under $1,700 and silver below $33, but if you just stop and look at the fundamentals for silver, it’s preposterous silver is trading where it is. Silver should be trading much higher than its current price, but it just shows the power of paper in the very short-term….

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December 18, 2012 Posted by | Economics | , , , , , , | Comments Off on John Embry: Chinese Demand For Silver Has Exploded !

James Turk: The Cartel Getting Desperate In The Gold & Silver War!

Remember the Golden Rule: He who has the gold makes the rules!

Remember the Golden Rule: He who has the gold makes the rules!

  • Turk – The Cartel Getting Desperate In The Gold & Silver War! 
    by www.kingworldnews.com
    Today James Turk told King World News that the ‘cartel’ which has been manipulating the gold and silver markets is now entering a stage where the situation is becoming more desperate.  This is yet another fascinating chapter in the gold and silver war.  Here is what Turk had to say:  “The last few days have given us a good example of how the gold cartel operates, Eric.  It is a classic example of how the big players in the paper market can move the price of physical gold and silver.”

    “On Wednesday, just a few days ago and after the Fed announced its new QE program that is so bullish for the precious metals, silver closed above short-term resistance around $33.20.  Gold rose that day too, but interestingly, did not manage to close above its key short-term resistance level at $1720. Nevertheless, as one would expect, these price jumps are a result of a lot of new buying that came into the market in response to the Fed’s new program aimed at debasing the dollar by funding the federal government’s horrendous operating deficits….

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December 18, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off on James Turk: The Cartel Getting Desperate In The Gold & Silver War!

Foreign Terrorists Destroying Syria’s Infrastructure!

December 18, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on Foreign Terrorists Destroying Syria’s Infrastructure!

Creepy Illuminati Message in Batman Movie Hints at Sandy Hook School !

http://www.amazon.com/Hollywoods-War-on-God/dp/B0058BF8IK

  • Hollywood’s War on God ! 
    Hollywood’s War on God is a mind-blowing, eye-popping documentary that reveals how satanic forces are using Hollywood’s most memorable movies and most popular actors to propagate an ancient lie in fulfillment of biblical prophecy. Learn how these movies are initiating the masses into a Gnostic worldview that will culminate in … a “strong delusion” as the world joins Satan and the final Antichrist in their war on God. Such titles include Ron Howard & Tom Hanks’ “The Da Vinci Code”; Keanu Reeves’ “The Matrix” and “Constantine”; Brad Pitt’s “Fight Club”; Jim Carrey’s “Truman Show”; Toby McQuire’s “Pleasantville”; Arnold Swarzenegger’s “Total Recall”; Johnny Depp’s “From Hell”; Shawn Connery’s “League of Extraordinary Gentleman”; J.K. Rowling’s “Harry Potter”; Harrison Ford’s “Bladerunner”; Tom Cruise’s “Vanilla Sky,” “Eyes Wide Shut” and “Minority Report” and many others.

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December 18, 2012 Posted by | Social Trends | , , , , , , | Comments Off on Creepy Illuminati Message in Batman Movie Hints at Sandy Hook School !

Central Banksters: Advanced Breed of Monkeys!

December 18, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , | Comments Off on Central Banksters: Advanced Breed of Monkeys!

Illuminist Predictive Programming: Sandy Hook & Aurora in Dark Knight Rises Batman Movie! Illuminati Genocide Psyop to Kill the 2nd Amendment !

http://batmangothamcity.net/gotham-city-map-archive/gotham-map-dark-knight-rises/

In case you’re having trouble seeing the name “Sandy Hook,” in that video, like I was, I circled it in black, from a screen shot… Source: http://batmangothamcity.net/

Aurora_dark_knight_rises

  • There is a second scene where they are looking at a map where a major crime is expected to happen. Someone then points to the map where the expected crime is going to occur…and puts his fingers right under the words ‘Sandy Hook’.

    The global evil running this planet are known to often telegraph their plans in advance… a smug and arrogant mocking laugh at the helpless, hapless sheep. Is this such an act? Or just a coincidence or misinformation?
  • HOWEVER, the AURORA is also seen in the current James Bond release, ‘Skyfall’. Here is a freeze frame at :41 seconds of the trailer at :

    http://www.youtube.com/watch?v=24mTIE4D9JM
  • There is another scene in the film where they are looking at a map. On the lower left of that map is Sandy Hook. Here is a freeze frame of that scene… (watch video top of post)
The_Dark_Knight_Rises_Sandy_Hook_Enlarge

Click to enlarge and see “Sandy Hook” at bottom left corner!

  • Here is a freeze frame when the actor puts his finger right below ‘Sandy Hook’.
Click on image to enlarge!

Click on image to enlarge!

  • Notes
    1. In the blockbuster movie Matrix…released in 1999…the lead character Neo’s passport expired on 9-11-2001. (see bottom of post)
    2. The AURORA is Shanghai’s Aurora Plaza. Shanghai is a major motion picture venue and may have been used to create part of the Gotham City skyline. We have not seen the film. For more about the Aurora Plaza:

    http://en.wikipedia.org/wiki/Aurora_Plaza 

    3. Several have written in and noted the coincidence of Hurricane Sandy’s $50 billion disaster and the name Sandy Hook.
Illuminist predictive programming in Hollywood films!

Illuminist predictive programming in Hollywood films!

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December 18, 2012 Posted by | Social Trends | , , , , , , , | 3 Comments