protect this house…of cards

content by: Grant Cagann
So the fed just saved us from the end of life as we know it…again!  Not only is this (and the accompanying market rallies based on nothing but more debt) becoming quite tiresome, the predicable can-kicking act is further exposing the truth behind the federal reserve as the WORLD’S central bank:
That it was created as a mechanism to sign the people of the world on to banker-created fiat debt (starting with the third world nations in the 70s and making it’s way back around the globe today to the big prize…), implode each nation one by one using this interconnected system of global debt, and …step in as the saviors by implementing a single global banking dictatorship ensuring this “instability” will never happen again (aka..the New World Order).  Too bad America wasn’t paying attention in 1913 when the Fed was created based on this exact fear-based assumption!!
Nomi Prins (whisleblower and former Goldman director) explains Wednesday’s actions quite plainly, and offers up some insight into just how fragile the US megabanks are…keep in mind that the banks mentioned are the major PRIVATE shareholders of the PRIVATE federal reserve:  http://www.nomiprins.com/thoughts/2011/11/30/the-feds-european-rescue-another-back-door-us-bank-goldman-b.html
Personally, I’ve given up trying to call which US bank will fall first…it really doesn’t matter at this point.  The bank-controlled fed proved once again that it will pull out all the stops to save it’s members from collapse (while dumping 100% of their losses on our shoulders), and in the end the derivative load is too great for any major bank to separate itself from.  I had assumed that JP Morgan’s role in silver manipulation would be pin that officially popped the derivative bubble, but Nomi really pulls the curtain back on just how exposed Goldman is:
“Now, consider this: the top four US banks (JPM Chase, Citibank, Bank of America and Goldman Sachs) control nearly 95% of the US derivatives market, which has grown by 20% since last year to  $235 trillion. That figure is a third of all global derivatives of $707 trillion (up from $601 trillion in December, 2010 and $583 trillion mid-year 2010. )
Breaking that down:  JPM Chase holds 11% of the world’s derivative exposure, Citibank, Bank of America, and Goldman comprise about 7% each. But, Goldman has something the others don’t – a lot fewer assets beneath its derivatives stockpile. It has 537 times as many (from 440 times last year) derivatives as assets. Think of a 537 story skyscraper on a one story see-saw. Goldman has $88 billion in assets, and $48 trillion in notional derivatives exposure. This is by FAR the highest ratio of derivatives to assets of any so-called bank backed by a government. The next highest ratio belongs to Citibank with $1.2 trillion in assets and $56 trillion in derivative exposure, or 46 to 1. JPM Chase’s ratio is 44 to 1. Bank of America’s ratio is 36 to 1.  
Separately Goldman happened to have lost a lot of money in Foreign Exchange derivative positions last quarter. (See Table 7.) Goldman’s loss was about equal to the total gains of the other banks, indicative of some very contrarian trade going on. In addition, Goldman has the most credit risk with respect to the capital  it holds, by a factor of 3 or 4 to 1 relative to the other big banks. So did the Fed’s timing have something to do with its star bank? We don’t really know for sure”.
We always knew that Goldman held the global banking cabal’s official Skull & Bones charter (see ALL recent global leadership appointees), but now they are also exposed as the largest “zombie” bank on the planet?  Quite the ghastly trend forming here, no?
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s