You gotta see this. Moderate muslims telling you what they really think.
islamo delenda est.
We are so screwed.
One of the provisions of the Boehner spending bill places the full exposure of the US derivatives market on the backs of the US taxpayer (aka the FDIC).
The bill would reverse Dodd-Frank requirements that banks “push out” some of derivatives trading into separate entities not backed by the FDIC. Ever since being enacted, banks have been pushing to reverse the change. Now, the rules would go back to the way they used to be. source
The FDIC insurance fund, which guarantees $12 Trillion customer deposits in 7500 banks across the country is around $40 Billion, after going negative in 2009, and 2010. This is still less than the statutory 1.15 % required reserve amount. That amount is supposed to go to 1.35 by 2020 under Dodd-Frank. IKR!
And how big is the US Derivatives Market? Nobody really knows. It’s a black box. The estimate I’ve seen is $ One Quadrillion in notional value. Estimating the amount of cash at risk using only 1% still leaves an exposure of $10 TRILLION, which will now be backed up by you and I.
This is just the beginning. Now that the get out of jail free card has been issued by the RINOs, we can only expect this market to grow unrestrained, like a weed in your flower garden. Capitalism for the bankster profits, and socialism for the inevitable crash.
This isn’t what the Republicans were elected to do. It is not why they were given the majorities in both houses of Congress. It a complete and utter backhand to the voters who sent a clear message, received lip service, and received a giant Gruber in return.
Get ready. It won’t be long now.
Filed under: business and economy, government corruption, News and politics, TSHTF | Tagged: banks, banksters, derivatives, Dodd-Frank, economic implosion, fdic, full exposure, gruber, john boehner, US derivatives market | 2 Comments »
Mike Brown supporters, whipped into a frenzy by the race hustlers and communist agit-prop groups have shown that they not only condone strong arm robbery and resisting arrest, but also arson, looting, and general mayhem.
Two witnesses of the Brown shooting have now been found dead under suspicious circumstances, while local authorities have not announced any leads in either case, and the press has provided minimal coverage. source
First it was Deandre Joshua who was found dead of a gun shot wound, his vehicle torched.
Now, Shawn Gray, 23, who also testified in the Ferguson grand jury has been found dead.
Happy Mr. President?
Filed under: Democrat Corruption, ferguson mo, News and politics, trayvon | Tagged: Al Sharpton, Barack Obama, deandre joshua, eric holder, ferguson, michael brown, Mike Brown, race hustlers, resisting arrest, shawn gray | 7 Comments »
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