Monday, October 17, 2011

Robbery In Progress!


By Jim Kirwan
Source

"Do you want to know the real reason banks aren't lending and the PIIGS have control of the barnyard in Europe?

It's because risk in the $600 trillion derivatives market isn't evening out. To the contrary, it's growing increasingly concentrated among a select few banks, especially here in theUnited States.

In 2009, five banks held 80% of derivatives in America. Now, justfour banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.

The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).

These are four of the Big-Six Banks that people are pulling their money out of NOW. Six-Hundred-Trillion dollars is a huge payday; so WHY aren't any of the agencies responsible for protecting the people of this country, even remotely interested, in preventing this CRIME!

At the very least this is a HUGE CRIME IN PROGRESS, that has been discussed worldwide; yet our own government's criminal agencies have yet to even blink. Since seven months BEFORE 911, the FBI has occupied itself with hunting down innocent Americans, spying on us 24-7 and even creating 17 separate fake bombing stories in which they turned out to be both the originators of the idea and the agency that furnished the money & the material to supposedly catch terrorists: only to have the whole thing in each case, blow up in their filthy-un-American faces? (2)

Now this story has surfaced and AGAIN, where is the un-American FBI ­ they're protecting the bad-guys, as usual, when what they should be doing is insuring that the public is not robbed blind: AGAIN!


"Derivatives played a crucial role in bringing down the global economy, so you would think that the world's top policymakers would have reined these things in by now - but they haven't. Instead of attacking the problem, regulators have let it spiral out of control, and the result is a $600 trillion time bomb called the derivatives market.

Think I'm exaggerating?

The notional value of the world's derivatives actually is estimated at more than $600 trillion. Notional value, of course, is the total value of a leveraged position's assets. This distinction is necessary because when you're talking about leveraged assets like options and derivatives, a little bit of money can control a disproportionately large position that may be as much as 5, 10, 30, or, in extreme cases, 100 times greater than investments that could be funded only in cash instruments.

The world's gross domestic product (GDP) is only about $65 trillion, or roughly 10.83% of the worldwide value of the global derivatives market, according to The Economist. So there is literally not enough money on the planet to backstop the banks trading these things if they run into trouble.

Compounding the problem is the fact that nobody even knows if the $600 trillion figure is accurate, because specialized derivatives vehicles like the credit default swaps that are now roiling Europe remain largely unregulated and unaccounted for." (1)

So are we to believe that there is absolutely nothing that can be done about this "Crime of the Century" that continues to unfold? The smallest of the victims here are the people who still have their accounts in these Mega-banks that are now attempting to lock out their customers and otherwise are scrambling to prevent people from taking their hard earned money out of these criminally-connected banks!

The rest of the public that has yet to act needs to begin to move very swiftly TOMORROW, to insure that they can get their money back before these Banking Monstrosities implode!

kirwanstudios@sbcglobal.net

1) Derivatives the $600 Trillion Time Bomb that's set to explode
http://moneymorning.com/2011/10/12/derivatives-the-600-trillion-time-bomb-thats-set-to-explode/

2) The Judge Accuses FBI & Our Government of being the Real Terrorists
http://newsworldwide.wordpress.com/2011/10/12/the-judge-accuses-fbi-our-govt-of-being-the-real-terrorist-creating-terror-plots-in-america/

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