This is the REALITY!! An hour long interview on radio Liberty with Pastor Lindsey Williams. Warning about the derivative market! Do your own research and find out exactly what is going on in global finance! It won’t make you happy, but it will enable you to see the big picture. No one said it would be easy but they did promise, that it would be worth it!!!
The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing. All U.S. banks are covered by the FDIC, and if a loss is big enough, it could threaten the financial system just as it did in 2008. JP Morgan has $70 trillion in total derivative exposure. The entire world has a little more than $700 trillion reported! In my eyes, it is probably closer to $900 trillion in derivative exposure, and one bank has 10% of all the derivative exposure on the planet! If JP Morgan gets into trouble, it alone could cause systemic failure. Today, the FBI announced an investigation into the surprise $2 billion (or more) trading loss that happened last week at the bank.
Brace for a financial systemic breakdown if this isn’t bailed out, or papered over.. Being that JP Morgan, Timmy Guithner, and The FED are all at the monetary whore house together. I am about 95% certain they can’t and won’t let them fail! Your U.S. President alone Barrack Obama has two accounts valued at around $10.9 million dollars invested with corrupt market manipulators. Can anyone say. “Conflict of Interest?”
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