Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives

IMG_0315The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve. As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system. But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented………Read More

Big Banks Pushing Smaller Banks To Merge Deposits Before The Bank Runs Begin

Published on May 9, 2017
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Report date: 05.09.2017

Home Capital Group is becoming desperate they are now selling million of mortgages. Half of Canadians do not have $200 for an emergency. Gallup economic confidence declines, more and more people believe the economy is getting worse. Wholesales sales growth declines and lumber implodes. Atlanta Fed is now down to 3.6% from 4.2%. Fed reports a drop in credit card spending and consumer spending in general. We are now back to the period right before 2008 crash. JP Morgan is telling smaller banks to consolidate deposits before the economy comes down.
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Oliver Stone On RT Bank Account Closure: Truth Is Being Sacrificed

oliverstone-640x350The National Westminster Bank, which is part of RBS Group, informed Russia Today’s UK office in London on Monday that it would no longer have the broadcaster among its customers. RT’s editor-in-chief Margarita Simonyan said that the Bank informed them that they would be shutting down their bank accounts, without providing any explanation for the decision. British Prime Minister Theresa May’s office has denied any involvement by the government in the matter, even though they recently called for additional sanctions against Russia over the situation in Syria. However US film director Oliver Stone says he believes that the closure, which the bank has now decided to“review” following accusations of censorship, is symptomatic of an increasingly narrow-minded and defensive attitude from the UK authorities. Read More

Vladimir_Putin_-_Visit_to_Russia_Today_television_channel_12-900x350.jpg And Now The Royal Bank of Scotland are Backtracking: Royal Bank of Scotland Backtracks On RT Closure

5 Urgent Warnings From Big Banks That the “Economy Has Gone Suicidal”

th-1It is working against the very people who need its energy to survive. It is collapsing on its own weight, and the weight of serious econoliterally incalculable levels of toxic debt. And it is going to create the greatest disaster of our time, if the warnings from the world’s most powerful bankers are any indication. While the general population is obsessed with the details of the world’s most entertaining and bizarre election in American history, the big banks are gearing up for a deadly serious economic collapse. Just during the past few weeks, there have been major discussions about stock markets dropping, the insolvency of Europe’s biggest investment bank, the mounting debt crisis and a deeper, long-term decline for ‘everyday Americans.’ Here’s what you probably missed while the Hillary-Trump cage match has taken over the collective psyche: Read More

Germany: Doom for Deutsche Bank as largest lender Qatar ‘pulls plug on future equity’

deutsche-bank-721289Sheik Hamad bin Jassim al-Thani is reported to have bowed out of future deals. According to sources the bank is now facing a crisis of gargantuan proportions after the Qatari royal family, who were reported to be involved in bond deals just last week, expressed concern over their long-term strategy. Analysts say this could be the final nail in the coffin for the bank which this week was accused of using stealth methods to woo investors. The bank is not commenting on the claims that their lifeline has been pulled as their credit instruments sit at almost records lows. Read More

Bank of America warns of imminent recession: “Market so fragile… it’s downright scary”

germany-642435An official wave of “recession” is nigh, and the potential for financial fallout and further hard times is perhaps imminent. The Fed’s disastrous rescue plan after the 2008 financial crisis has left the U.S. economy in a fragile and vulnerable state. Unlimited quantitative easing, or easy money for those at the top of the heap, have redirected investment into sectors that can’t or won’t stimulate the real economy that affects “everyday Americans.” No jobs. Frozen wages. Mounting living costs. And an exploding debt bubble in several areas. You know the drill. Now, even the banksters steering the system are being forced to admit that central bank efforts have failed to “stimulate demand,” and that a contracted and dried up economic landscape is giving way to another step backwards – a recession that no one can sweep under the carpet. Read More

War On Cash Turns To $20, $50, And $100 Bills

imageHarvard professor and economist Ken Rogoff is once again leading the chorus of high-level academics and officials who declare cash is only for criminals. He made his case in a recent Wall Street Journal editorial called the “Sinister Side of Cash.” The solution, he declares, is to simply get rid of anything but the smallest bank notes. In his vision, drug dealers, human traffickers, and tax cheats are everywhere, but they are reliant on cash. Our benevolent central planners can largely incapacitate them by ridding society of anything larger than a $10 bill. Kingpins won’t know what to do when a single-engine Cessna full of cocaine requires a Boeing 747 full of $1s, $5s, and $10s to make payment. Read More