Fractional Reserve Banking And Their Monetary System Is The Fountainhead Of Our Financial Issues
The Federal Reserve / Our Monetary System / Fractional Reserve Banking / Central Banks And Their Policies Are The Fountainhead Of Our Financial Issues: For Example...
Bill Clinton was responsible for deregulating the banking cartel's and creating the terrible trade deal NAFTA that has contributed immensely to our current economic crisis.
The Glass-Steagall Act, was a 1933 law (banking regulation) that established a firewall between investment and commercial banking. It was in essence repealed in 1994 and 1999 with the Riegle-Neal Interstate Banking and Branching Efficiency Act and the Gramm-Leach-Bliley Act, both signed into law by Bill Clinton. This permitted Wall Street investment banking firms to gamble with their depositors' money that was held in affiliated commercial banks:
Deregulating the banks has led to all these derivatives that will definitely contribute to financial Armageddon: 1 Primary example is the Credit Default Swap that was invented by a young mathematics graduate hired by Chase Bank in NY. The then-fresh university graduate convinced her bosses at Chase to develop a revolutionary new risk product, The Credit Default Swap. It is a credit derivative or agreement between 2 counterparties, in which 1 makes periodic payments to the other and gets the promise of a payoff if a 3rd party defaults. The first party gets credit protection, a kind of insurance, and is called the “buyer.” The 2nd party gives credit protection and is called the “seller.” The 3rd party, the one that might go bankrupt or default, is known as the “reference entity.” CDSes became staggeringly popular as credit risks exploded during the last several years in the U.S. And Banks argued that with CDSes they could spread risk around the globe. And because there is no requirement to actually hold any asset or suffer a loss, Credit Default Swaps can also be used for speculative purposes and the market is also entirely unregulated which is leading to mass corruption, mismanagement and reckless behavior which will ultimately lead to financial Armageddon and possibly a Total Global Financial Collapse. Also we have over reached our military industrial complex to continue the petrodollar Monopoly era acquiring massive amounts of debt while at the same time gaining relatively low ground. Which is going to all equate to the end of the US dollar as the world's Reserve currency causing a deep depression and the possibly even a total collapse of the US dollar.
For those who aren't quite clear what derivatives are: In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, & often called the "underlying". Derivatives can be used for a number of purposes, including insuring against price movements (hedging), increasing exposure to price movements for speculation or getting access to otherwise hard-to-trade assets or markets. Some of the more common derivatives include forwards, futures, options, swaps, & variations of these such as synthetic collateralized debt obligations & credit default swaps. Most derivatives are traded over-the-counter (off-exchange) or on an exchange, while most insurance contracts have developed into a separate industry. Derivatives are one of the 3 main categories of financial instruments, the other 2 being stocks (i.e., equities or shares) & debt (i.e., bonds & mortgages).
- Michael Vincent -
Video By Anonymous ...read more
The Federal Reserve / Our Monetary System / Fractional Reserve Banking / Central Banks And Their Policies Are The Fountainhead Of Our Financial Issues: For Example...
Bill Clinton was responsible for deregulating the banking cartel's and creating the terrible trade deal NAFTA that has contributed immensely to our current economic crisis.
The Glass-Steagall Act, was a 1933 law (banking regulation) that established a firewall between investment and commercial banking. It was in essence repealed in 1994 and 1999 with the Riegle-Neal Interstate Banking and Branching Efficiency Act and the Gramm-Leach-Bliley Act, both signed into law by Bill Clinton. This permitted Wall Street investment banking firms to gamble with their depositors' money that was held in affiliated commercial banks:
Deregulating the banks has led to all these derivatives that will definitely contribute to financial Armageddon: 1 Primary example is the Credit Default Swap that was invented by a young mathematics graduate hired by Chase Bank in NY. The then-fresh university graduate convinced her bosses at Chase to develop a revolutionary new risk product, The Credit Default Swap. It is a credit derivative or agreement between 2 counterparties, in which 1 makes periodic payments to the other and gets the promise of a payoff if a 3rd party defaults. The first party gets credit protection, a kind of insurance, and is called the “buyer.” The 2nd party gives credit protection and is called the “seller.” The 3rd party, the one that might go bankrupt or default, is known as the “reference entity.” CDSes became staggeringly popular as credit risks exploded during the last several years in the U.S. And Banks argued that with CDSes they could spread risk around the globe. And because there is no requirement to actually hold any asset or suffer a loss, Credit Default Swaps can also be used for speculative purposes and the market is also entirely unregulated which is leading to mass corruption, mismanagement and reckless behavior which will ultimately lead to financial Armageddon and possibly a Total Global Financial Collapse. Also we have over reached our military industrial complex to continue the petrodollar Monopoly era acquiring massive amounts of debt while at the same time gaining relatively low ground. Which is going to all equate to the end of the US dollar as the world's Reserve currency causing a deep depression and the possibly even a total collapse of the US dollar.
For those who aren't quite clear what derivatives are: In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, & often called the "underlying". Derivatives can be used for a number of purposes, including insuring against price movements (hedging), increasing exposure to price movements for speculation or getting access to otherwise hard-to-trade assets or markets. Some of the more common derivatives include forwards, futures, options, swaps, & variations of these such as synthetic collateralized debt obligations & credit default swaps. Most derivatives are traded over-the-counter (off-exchange) or on an exchange, while most insurance contracts have developed into a separate industry. Derivatives are one of the 3 main categories of financial instruments, the other 2 being stocks (i.e., equities or shares) & debt (i.e., bonds & mortgages).
- Michael Vincent -
Video By Anonymous ...read more
