Category Archives: 7.17.12 Eye Opener
This is a good thinker to ponder post RV…….
Reuters released a new report on US and Global banking insolvency. http://www.reuters.com/article/2012/07/03/us-banks-bailouts-wills-idUSBRE8620Z920120703
Reuters released a new report on US and Global banking insolvency. http://www.reuters.com/article/2012/07/03/us-banks-bailouts-wills-idUSBRE8620Z920120703
As hinted in past private mailings, the report suggests that our banking experience after converting Dinar or Dong to dollars may be “the beginning of sorrows.”
The Reuters article should convince Dinar holders that the RV is likely to bankrupt the US Treasury and the four or five participating banks we’re required to use.
Due to their bad investment bets where the banks lost money in the last five years, they will not be unable to cover the Accounts we set up to hold the funds. THEY’RE INSOLVENT. They may pretend (unfairly) that all is well but if 2.5 million Americans try to deposit (on average) one million US dollars each. it will send the nine largest banks in the world into total bankruptcy.
No wonder the US Treasury keeps delaying the RV, or requesting others to hold it up. Even the Dodd-Frank accounts we are told to use will depend on the US Treasury to provide “unlimited insurance” through Dec 31.
Every warning that can be given has been given A GLOBAL CURRENCY CRASH IS UNAVOIDABLE because the same insolvency exists in 194 other countries that all have central banks. They wildly printed money for their nations similar to the 12 US Federal Reserve banks.
The US Treasury may be the first or the last to crash, but the Treasuries or central banks around the world will all domino down within weeks of each other – based on the numbers. The graphics below will help to convince you.
If your US dollars are deposited in genuine Dodd-Frank accounts, then you will someday be awarded one gold-colored new US Treasure bill to replace one of your Dodd-Frank greenback dollars on a one-to-one basis. Any crumpled greenback dollars you have at home or in other accounts will be devalued 40 to 60 % (rumored) as you trade in old dollars for the new treasury bills.
Your Dinar were and are backed by oil and gold, so you deserved to be paid in gold/oil backed Treasury bills. That’s why the Dodd-Frank accounts were designed – Congressmen needed those accounts also.
If you understand this logic, your next question might be “Won’t that depend on those banks still being in existence through December 2012 ?”
Five big US banks turned in their 4,000-page “Last Will” documents on July 1 in preparation for likely bankruptcy. These documents describe to bank regulators how the banks will conclude business with their various classes of clients if and when they are bankrupted.
Savings and checking accounts are what we wonder about. We may learn soon that the big banks have already filed for protection.See the graphics below. In a bankruptcy, client accounts can be claimed as an asset of the bank. The bank owners will give each other bonuses and fly away. Don’t expect your bank account to survive a bankruptcy intact – if at all. Not at this strange time in banking history.
These uncertainties might be a reason to buy insurance on our bank account(s) – from Lloyds of London or some other outside insurance company, assuming you plan to deposit over 250,000 US dollars. Question: where does Lloyds store their money that is going to save you?
The US Treasury only allows Dinar and Dong conversions into US dollars (not silver, gold or any other currency).
The FDIC (a private company) is already billions in the red. When the currency crash hits, banks will close, and the FDIC will probably be bankrupted also, or being insolvent, will refuse to cover client accounts.
Some people may choose to convert a limited amount of Dinar, but hold the bulk of their Dinar to be converted later after US Treasury bills are issued.
One country may be immune from the currency meltdown. IRAQ. We have more monthly violence in DC and LA that they have in the whole of Iraq. Their government is about as slow, bribed, and corrupt as the US government. However, the DInar you hold is or will be the most valuable currency in the world, backed by Iraqi gold, oil, diamonds, rare earth, and commodities – even after the global currency crash that is forecast to come soon.
Other central banks may close, but not the Iraq banks. Some people are considering storing some Dinar in the Iraq bank owned by DInar Trade where it will become real Dinar currency. (Described at http://DinarTrade.com ).That gets it off-shore. There will be branches of that bank here in the US. Dinar stored there in an Iraqi bank, it can be converted to metals or held in secure deposit until the meltdown is stopped and central banks are purged of corrupt practices and evil people. Economies will then be rebuilt using real credit money.
All fiat-debt money must be eradicated nation by nation. National economies will be restarted with the fortunes of the ancient Global Settlement Funds – but not until corrupt bankers and leaders have been removed. The meltdown will bring cathartic relief.
SCROLL FURTHER DOWN TO FIND WELLS FARGO and the other banks we must use to deposit Dinar RV funds.
The first group below merely shows the scale that will be used throughout.
Scroll further to find your favorite bank(s). The trillions of debt get bigger as you scroll down. All are insolvent.
Infographic: 9 Biggest Banks’ Derivative Exposure
Our friends at Demonocracy have put together another stunning info-graphic, this time documenting JP Morgan and the largest 9 banks’ holdings of derivatives. For those needing a refresher, we recently explained how interest rate swap derivatives are the real purpose behind precious metals manipulation and that JPMorgan requires $70 BILLION in bond purchases DAILY simply to continue to hedge its IR swap book.
Derivatives: the Unregulated Global Casino for Banks (Debts so big they cannot be recovered through normal business – ever.)
|Bank of New York Mellon (below)|
|BNY has a derivative exposure of $1.375 Trillion dollars. It can never be paid through normal business.
Considered a too big to fail (TBTF) bank. It is currently facing (among others) lawsuits fraud and contract breach suits by a Los Angeles pension fund and New York pension funds, where BNY Mellon allegedly overcharged the funds on many millions of dollars and concealed it.
State Street Financial (below)
|State Street has a derivative exposure of $1.390 Trillion dollars. It can never be paid through normal business.
Too big to fail (TBTF) bank. It has been charged by California Attorney General (among other) lawsuits for massive fraud on California’s CalPERS and CalSTRS pension funds – similar to BNY (above).
Morgan Stanley (below)
|Morgan Stanley has a derivative exposure of $1.722 Trilion dollars. It can never be paid through normal business.
Its a too big to fail (TBTF) bank. It recently settled a lawsuit for over-paying its employees while accepting the
tax payer funded bailout. Vice Chairman of Morgan Stanley had a license plate that said “2BG2FAIL” on his Porsche Cayenne Turbo. All this while $250 million of bailout money ended up in the hands of Waterfall TALF Opportunity, run by the Morgan Stanley’s owners’ wives– Marry a banker for a $250M tax-payer cash injection.
The bank also got a SECRET $2.041 Trillion bailout gift from the Federal Reserve during the crisis, beyond the tax payer bailout.
Wells Fargo (below) has a derivative exposure of $3.332 Trillion dollars. It can never be paid through normal business. It’s a too big to fail (TBTF) bank. WF has been charged for its role in allegedly pursuing illegal foreclosures and deceptive loan servicing. Wells Fargo was just slapped with a $85 million fine by Federal Reserve for putting good credit borrowers into bad-credit rating (high rate) loans.
PAST CORRUPTION EVENTS (no one went to jail)In March 2010, Wachovia (owned by Wells Fargo) paid $110 million fine for allowing transactions connected to drug smuggling and a $50 million fine for failing to monitor cash used to ship 22 tons of cocaine. It also failed to monitor $378.4 billion (that’s $378400 millions dollars) worth of transactions to Mexican “casas de cambio” (think WesternUnion, anonymous cash transfer) usually linked to drug cartels.
Beyond that, WF lets its’ VIP employees live in foreclosed mansions. WF knows how to cash your legit check, then claim “fraud” and close your account. WF also re-orders your transactions to create more overdraft fees. Wells Fargo’s Wachovia also got a SECRET $159 billion bailout gift from the Federal Reserve.Wells Fargo paid NO taxes in 2008-2010 and had a tax rate of NEGATIVE 1.4% while making $49 billion in profit during the same time.
|HSBC (Below) has a derivative exposure of $4.321 Trilion dollars. Not likely to ever be recovered through normal business.
HSBC is a Hong Kong based bank and its original name is
The Hongkong and Shanghai Banking Corporation Limited.You will find HSBC working a lot with JP Morgan Chase.
Both HSBC and JP Morgan Chase have strong interest in gold & precious metals. HSBC and JP Morgan Chase are often involved together in financial scandals.
Lately HSBC has been sued for allegedly funneling more than $8.9 billion to the largest ponzi-scheme in history – Bernie Maddof’s investment business.
HSBC (along w/ JP Morgan Chase) has been sued for alleged conspiracy suppressing the price of silver and gold, partially through precious metal DERIVATIVES and making billions of dollars on it. State of Hawaii is suing HSBC (and other banks) for deceptive credit card lending practices.
DZ Bank in Germany is suing HSBC (and JP Morgan) for deceptive (lying) practices when selling home-loan-backed securities.
HSBC is also under investigation for laundering billions of dollars.
|Goldman Sachs (below) has a derivative exposure of $44.192 Trillion dollars. Can not be recovered through normal business.
The $1 Trillion pillars towers are double-stacked @ 930 feet (248 m).
The White House is standing next to the Statue of Liberty.Goldman Sachs has advantage over other banks because it has awesome
connections in US Government. A lot of former Goldman employees hold high-level
US Government positions (chart).Mitt Romney’s top donor is Goldman Sachs, and one of Obama’s best donors.
Ex-CEO of Goldman Sachs, Hank Paulson became the Secretary of Treasury under Bush and
during the 2008 financial crisis authored the TARP bill demanding $700 billion bail-out.
In UK, Goldman Sachs escaped £10 million bill on a failed tax avoidance scheme with help of good connections.
The bank is the largest player in the food commodities market, earned $955m from food speculation in 2009” – That’s your $$$.
Goldman Sachs employees are arming themselves with guns in case there is a populist uprising against the bank.
Goldman Sachs calls their investors “muppets“. and use clients to make money for themselves, disregarding the clients.
The bank was fined $22 million for sharing valuable nonpublic information with top clients (Think insider trading with best clients).
Goldman Sachs was part-owner America’s leading website for prostitution ads until the ownership stake was exposed.
Goldman Sachs helped Greece conceal its debt with secret loans, while simultaneously taking advantage of Greece.
Goldman Sachs got a $814 billion SECRET bailout from the Federal Reserve during the 2008 crisis.
Goldman Sachs got $10 billion of the 2008 TARP bailout, and in the same year paid $10.9 billion in employee compensation and “benefits”, while paying a tax rate of 1%. That means an average of $327,000 to each Goldman Sach’s employee.
|Bank of America (Below)|
Bank of America has a derivative exposure of $50.135 Trillion dollars. It can not be recovered through normal business.
BofA is sticking the tax-payers with a MASSIVE bill, by moving derivatives to accounts insured by the federal government @ total of $53.7 trillion as of 06/2011. During 2011-12 BofA has been in need of cash, so Warren Buffett gave BofA $5 billion. Same year BofA sold its stake in China Construction Bank to raise $1.8 billion in cash.Bank of America paid $22 million to settle charges of improperly foreclosing on active-duty troops BofArecruited 3 cyber attack firms to attack WikiLeaks. but the Anonymous hacker group hacked the security firms first. BofA was sued for $31 billion in home-loan losses in 2011, the bank is involved in many lawsuits, too many to document. BofA also received a SECRET $1.344 trillion dollar bailout from the Federal Reserve.
|Citibank (below) has a derivative exposure of $52.102 Trillion dollars. It can not be recovered through normal business.
The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).Citibank customers have been arrested for trying to close their accounts, while in Indonesia a man was interrogated to death in Citibank’s special “questioning room”. In 2011 Citibank paid a fine of $285 million for selling home-loan backed bonds to investors, while betting they would lose value (think derivatives/insurance). The man in charge of the unit at Citibank became Obama’s Chief of Staff. 2 weeks before getting hired by Obama he got $900,000 from Citibank for great performance. This was after Citigroup took out $45 billion in bailout money.
Citibank knowingly passed over bad loansto the Federal Housing Administration to insure.Citigroup also received a SECRET $2.513 trillion dollar bailout from the Federal Reserve.
|JP Morgan Chase (below) has a derivative exposure of $70.151 Trillion dollars.
$70 Trillion is roughly the size of the entire world’s economy.
The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).JP Morgan is rumored to hold 50->80% of the copper market, and manipulated the market by massive purchases. JP Morgan is also guilty of manipulating the silver market to make billions. In 2010 JP Morgan had 3 perfect trading quarters and only lost money on 8 days. Lawsuits on home foreclosures have been filed against JP Morgan. Aluminum price is manipulated by JP Morgan through large physical ownership of material and creating bottlenecks during transport. JP Morgan was among the banks involved in the seizure of $620 million in assets for alleged fraud linked to derivatives. JP Morgan got $25 billion taxpayer in bailout money. It has no intention of using the money to lend to customers, but instead will use it to drive out competition. The bank is also the largest owner of BP – the oil spill company. During the oil spill the bank said that the oil spill is good for the economy.
JP Morgan Chase also received a SECRET $391 billion dollar bailout from the Federal Reserve.
|TOTAL:9 Biggest Banks’ Derivative Exposure – $228.72 Trillion|
Note the little man standing in front of white house below. The little worm next to lastfootball field is a truck with $2 billion dollars. There is no government in the world that has this kind of money. This is roughly 3 times the entire world economy. The unregulated market presents a massive financial risk. The corruption and immorality of the banks makes the situation worse.
If you don’t want to bank with these banks, but want to have access to free ATM’s anywhere– most Credit Unionsin USA are in the CO-OP ATM network, where all ATM’s are free to any COOP CU member and most support depositing checks. The Credit Unions are like banks, but invest all their profits to give members lower rates and better service. They don’t have shareholders to worry about or have derivatives to purchase and sell.
Keep an eye out in the news for “derivative crisis”, as the crisis is inevitable with current falling value of most real assets. Derivative Data Source: ZeroHedge
Source: Demonocracy /Oto Godfrey
Posted on: May 5th, 2012 by The Doc
COMMENTAGXIIK May 5, 2012 at 2:06 PMAs a former banker I can assure the readers that a complete and total destruction of these bloated banks is what will be needed to drain the swamp, correct the markets, reboot the national and international finance system so we can get back to real honest money, financial systems and a means of the average person to get a leg up. I’ve seen 3 major bank destruction cycles from 1975 to this present day. When these thousands of national banks failed in the 1970’s, 1980’s and 1990’s people said the world would fall apart. It didn’t. We muddled through and got back on track. Of course the newer bankers screwed things up once again. Once again we rebooted the system and this will happen again and again. Banks and debt will always cause national failures, recessions, and depressions for just a couple of basic reasons.In my prior post that Banks are sting operations, if you give a banker enough time they will screw up the system because they are NOT THAT SMART and their math skills are deficient. Leaving bankers in charge of other people’s money and a government that guarantees the customers that their money is safe—well, those results speak for themselves.Recessions come up every 6 years or so. Its a brush clearing event and vitally needed so that we can remove the deadwood and excesses of the system, allow new entrepreneurs and businesses to work their way back up. Without this clearing we have a massive overburden of deadwood and hampered growth that makes it impossible for and to economy grow.Since the system has not been allowed to reboot even after the technology wreck, and the real estate bubble, and the present equity bubble inflated by trillions in excess cash in the system, and the ultimate bubble, and the tens of trillions in US, Euro and international bonds that will explode downward in value to zero when rates skyrocket due to inflation and currency printing – the day of reckoning is going to be a beast. This is going to be so painful it will be like having a major and very dangerous operation when a simple course of antibiotics would have let us handle a rountine infection. You think you are going to die, it’s that bad.So, aside from an Extinction Level Event like a complete Fukushima melt down or an asteroid hitting the earth, we will muddle through, probably with something like a lights-out-New York event, painful but fixable. There have been more major bank failures in the history of the world than countries that housed these banks. The US has had plenty of national bank failures and we came back healthier than ever. The only way we can reboot our American system is by clearing the bank and national debt and get back to the business of being America, not some sinister corpulent, megalomanical entity that is eating its citizens.