Community | December 14, 2010 | 6 comments

A Secretive Banking Elite Rules Trading in Derivatives

source: http://www.cnbc.com/id/40628316

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rodstradamus
On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk.

In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.

The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available.

more at link....

They rule more than derivatives, but if speak out about it, you're called "crazy" by the media propagandists they control. The Creature from Jeckyll Island rules your life!
  1. groups:
    Community,   Greatest Depression,   NWO,   Economy,   1 more
  2. tags:
    Economy,  NYC,  Wall Street,  Banks,  8 more
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6 comments // A Secretive Banking Elite Rules Trading in Derivatives

  • LivingPong
    • 0
      LivingPong  

    • Rockefeller, did you see my helicopter fly over your house. It's a pretty small chopter, cardboard too so I can't be seen and intercepted by jets. I burn money for fun, water is much better. Please don't steal my water! If you do (you know who you are), (banks - in case of amnesia), please put out my sugar, it's on fire again.

      Also how about giving some of those spare $1,000,000,000 to the poor, homeless, and stateless, they need a hand. It's probably tax deductible too.

    • 1 year ago
  • CalgarC
    • 0
      CalgarC  

    • not for long... in todays world you are as secret as the internet will let you be.... and the internet is a large open land filled with trolls, fairies and Julian Assange

    • 1 year ago
  • dfjhsdgfjsd
  • CalgarC
  • GLOBALPOLITICAL
    • +2
      GLOBALPOLITICAL  

    • The "corporate media" calls this news! The alternative media has reported on the international banking elites criminal activities for years. Now that people are waking up around the globe, the "corporate media" propaganda prostitutes want to "ride in on white horses" to save the day! Well, I certainly wouldn't trust their reporting about it today! You can bet they have an agenda and it isn't an agenda to help you.

      They (New York Times, Washington Post, Time Magazine, ABC, CBS, NBC, et al) have known about the secretive banking cabal for many years.

      As a matter of fact David Rockefeller praised the Washington Post and New York Times for keeping quiet about the secretive "Bilderberg" group, etc.

      According to Rockefeller, he and the other members of the secretive banking elites wouldn't been able to accomplish their plan for the world without the "MEDIA" cooperation.

      The reason the banking industry in America is allowed to engage in rampant criminal activities without being held accountable is because they are an integral part of the plan to take over the world; establishing a global scientific dictatorship!

      It is time to Wake Up! You too, can join the Global Political Awakening!
      http://globalpoliticalawakening.blogspot.com/2010/12/secret-behind-ted-turners-c...

    • 1 year ago
  • yaget1chance
  • FtheBULLSHT
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