Showing posts with label #glasssteagall. Show all posts
Showing posts with label #glasssteagall. Show all posts

Tuesday, March 10, 2015

Lord Rothschild Speaks on Geopolitics and Economic Situation

The master of debt and international banking, Lord Rothschild has spoken to his shareholders, and thus the world on his opinions of the future of economies worldwide.  Of course, he forgets to mention that he and other trillionaires and oligarchs control the world's money supplies, central banks, and therefore hold hostage nearly every market in the developed world.



What we need to see are the following reforms: #GlassSteagall, #MonetaryReformAct, #AuditTheFed, and #PublicBanking.  It's time to turn away from a debt based economy where private cartels privatize the gains, and socialize the losses.  Until you change the way money works, you change nothing.


Sunday, December 14, 2014

The Oil Price Plunge Conspiracy Discussed


Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The drop in oil revenues has triggered a self-reinforcing feedback dynamic.

Oil is not just something that is refined into fuel--it is capital, collateral, debt and risk. In other words, it is intrinsically financial. As I noted in The Oil-Drenched Black Swan, Part 2: The Financialization of Oil, oil has been financialized to the point that few outside the industry understand the dominoes that are currently toppling.

Let's start with the obvious fact that the impact of lower oil is financial, political and geopolitical. Lower oil revenues are negatively impacting:

1. Oil-exporters’ revenues
2. Monetary policy of central banks
3. Trade flows
4. Global financial markets

Lower revenues are pressuring oil-dependent governments such as Russia, Venezuela and Iran, and destabilizing the geopolitical order as weakened oil exporters sink into recession and political turmoil.

Lower revenues are also kicking the financial supports out from under the debt-dependent, enormously capital-intensive oil exploration and development projects in North America.
Simply put, the sharp drop in oil revenues has knocked over a line of financial dominoes whose end is not yet in sight.
 
The drop in oil revenues has triggered a self-reinforcing feedback dynamic. As the financial dominoes fall, there is less capital available to maintain production, so oil output falls, further reducing income. As the collateral,income and impaired debt dominoes topple, risky debt in sectors completely unrelated to oil start falling as institutions trim risk throughout their holdings.
Gordon T. Long and I discuss the highlights of this complex set of issues in this video program, The Oil-Drenched Black Swan (28 minutes):



For another perspective, click the links below to watch Dean Henderson on Press TV talking about the Oil Conspiracy.  

On Preventing the Next #BailIn for #TBTF and The Global Bankers’ Coup


This is the first big move by the banksters in the legal space for a long time.  If Elizabeth Warren is pissed, then you KNOW the banksters did something illegal, immoral, unethical, and will likely cost taxpayers more money. It's time to pass #GlassSteagall.  It's time to #AuditTheFed. It's time to build #PublicBanking.  It's time for the #MonetaryReformAct supported by Bill Still. 



"On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.
The new bail-in rules were discussed in my last post here. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged." Finish the article here.

Knowing the White House and Congress are surrounded by Council on Foreign Relations and the Israeli lobby and they are both intricately interwoven with the banksters in the too big to fail banks and the Federal Reserve, it appears their plan is to go after OUR DEPOSITS and PENSIONS.  This is why the article is entitled "The Global Bankers' Coup".  It is a financial act of terrorism.

There are all kinds of alternatives to another bailout.  Let the too big to fail banks and their ponzi scheme Federal Reserve lending apparatus FAIL!