1% US banks gamble $5 million per US household; $532 trillion total

They are shooting craps with our money. That if they lose the government will pay them back WITH OUR MONEY! They can't lose. Yet we will lose everything.

G U I L L O T I N E .

To support the emotional reality of this post (rather than the literal truth of some of its assertions) I'd share a conversation I had yesterday with a man I've know for years who was recently hired as "forensic CPA" to follow out the money trail of a massive hedge fund. He said the corruption on every level and in almost every interaction performed by the particular group he's following and the lesser banks involved is "staggering" and "endemic".

Add a comment (You can paste links too)Only we can break out of the Corporate shackles which enslave us and bring the banks and Wall St to their knees and into our chains and service. Those in Washington will never take the needles filled with Corporate influence money out of their veins and effectively regulate corporations. Only we can do that, starting with one corporation at a time. Or, we can begin retaliate against their endless war on our class with an across the board take back of all that is ours.

I'm thinking that the total sum of all the worlds money (excluding Zimbabwe money) the total yearly manufactured output of the globe, plus the value of every tangible asset and resource on the planet doesn't come close to 532 trillion dollars. If dollars were miles this would represent about 66 round trips to Alpha Centauri, the star nearest our solar system.

532 trillion dollars is funny money. Actually it's not even that, it's purely imaginary because it represents a promise to pay and nothing more. The gamble is that it won't ever have to be paid out all at once because it can't be.

After decades of investing in IRA's, Roth's and multiple other instruments my family has nothing but loss to show. Our investments have not kept up with the inflation rate, not even the fake inflation rate. We have been conned by the US financial system, our political leaders, and worse our US media machine. We were lied to by everyone. I diligently watched the financial news outlets, invested wisely and lost through high indexes and low!

Advice to all--invest in land, land that you can see, visit, enjoy and later sell at good profit---------------the rest is bull$hit scams!

Horrible , just horrible .

Europe is experiencing the effects now of years of international financial swindling and total failure of politicians and regulators to address the problem. It's not like people weren't jumping up and down and complaining for decades that this would end badly. Unfortunately large corporations have rigged things so they can compete against small business on an international playing field. Also innovation and the emergence of many new technologies that would benefit small business is being stifled along with their access to cheap and efficient freight services.

Rather than the little people being helped, the system has been tuned to paving the way for the big boys only. Confidence is low for a reason, people have lost trust in a system where they are forced to bail out deceitful practices well after Enron and other monumental failures should of heralded a decade of reform. Greece is one of the countries now paying the price for the entire world failing to tighten up the financial loopholes and lack of enforceable regulation.

Far too many governments have been worrying about the political fallout from properly investigating matters and covering up cases without accepting the wider ramifications of allowing illegal and corrupt conduct to continue from as far back as the 1980's. 25 years at least of gross negligence and unsatisfied greed. What lessons aren't learned from history are doomed to be repeated.

http://see.th

$ 532 Trillion is an understatement. They've been quoted as valuing
their " derivatives " market at upwards of $1.5 quadrillion. That's not
expressed as 000.000,000.000 ( Trillions ). It's actually 3 times as much
as $ 1.532, 000, 000, 000,000. Though the raw truth is that that figure
is based on their Ponzi Scheme, as is their debt based " money "
currency system. A Ponzi Scheme is a Scheme to Defraud 3 or more
people systematically. It's one of the qualifying Felonies in our New York
penal code definition of Enterprise Corruption in violation of our NYS
Organized Crime Control Act. It's counterpart m.o.on the Federal level
is defined, much more liberally, as Racketeering. The central banking
system throughout most of the world's countries of the world is what
establishes this debt based " monetary " system. So the sad fact is
that most of the world's countries' monetary systems is a Ponzi Scheme.

The History channel documentary entitled: " Prophets of Doom " features
a global fund manager who, amongst other financial experts, has publicly
claimed that. On another History channel documentary Brad Meltzer's
Decoded, his team interviewed one of the men responsible for designing
the complex financial derivative instruments speculated every week in
secret Wall St meetings. He described his invention as the " Manhattan
Project " of finance modeled after the New Mexico scientists developing
the Atomic bomb in 1945. The man now is a survivalist & has gotten
himself also out of the Banksters racket. He himself forecasts ultimately
a global financial collapse too as the former global fund manager/ does.
To understand the m.o. of the Ponzi Scheme debt based currency, you
first have to understand how & why it's based on conversion of people's
work product into the Banksters cofffers: From the 99% to the .0001 %

A debt/credit based currency system is inherently designed to devalue
your coin. Thomas Edison, and Henry Ford both spoke out against it,
but people ignored them at their peril. Every dollar that's borrowed to
maintain the central bank must be repaid X 2.5 dollars. Though they're
interlopers who've usurped the Treasury function, and lend us back
out own money to enslave us in needless debt so that they can sell
themselves that bogus debt, and ultimately own the title to everything
from luxury hotels to real estate. The Fed has bled the dollar of 1%
of it's value over the past 98 years, by printing worthless unbacked
currency which killed first the Gold standard, then the Silver standard.
It's intrinsic nature is that of a Ponzi Scheme because the Government
is forced to borrow money which doesn't yet even exist. And by so doing,
300 Million Americans are manipulated to spend their time & work-both
of which real IS money to back their Monopoly parlor game currency
to keep the Government afloat to go round in circles in a downward
spiral of more debt slavery.This never happened when the Treasury
maintained it's lawful Constitutional authority to print currency & coins.

Where the derivatives come into this Ponzi Scheme is to propagate
this Bankster Racketeering in a casino style gambling system with
public money since the Banksters have tricked the Government to
be joined at the hip with them like Siamese twins, to cover all their bets.
You see.the derivatives market is based on the proposition that the
Banksters can use other people's money TO PROFIT INFINITELY
WITHOUT RISK. No honest business that's ever existed in this world
has ever based itself on that delusion. That one can't loose because
they don't risk anything. But the debt/credit based monetary system,
is based on the principle that money is a bubble which has to keep
on expanding. The result is that their bogus derivatives system is
stretched so thin that anything that maintains it can go wrong, and
cause it to fail completely. Leehman Brothers failed because they
were so overextended to sate their greed that once one of their
props failed, their enterprise had no net value left remaining to it.
The Banksters have guaranteed their hypothetical immnunity on
being too big to fail, which holds us all hostage to the dominance
by their Monopoly through their stranglehold on the Government.
So as in 2008, whenver their Manhatten Project financial meltdown
occurrs, they grease the Government to use public money to bail
them out. Paulson's engineered $.75 Trillion bank bailout was a farce.
It cost everyone but the Banks a whopping $16 Trillion. They got
richer, bigger, badder, worse. Our money got more devalued. And
as the same conditions exist for it to happen again, it doesn't bode
well for the future. A complete Global financial collapse is coming.
The financial terrorists have seen to it. You aint seen nothin yet.

We are fodder for the elite and it's past time they were drug down from their high places and made irrelevent by the exposure of the illusion of wealth.

I am a co-coordinator of my local Move On group here in Palm Coast and we had a movie night Saturday where we watched "Inside Job". It was a pretty good movie that did an excellent job explaining how and why the banks collapsed and who was responsible.

I am certainly no financial genius but this movie made it possible for a simpleton like me to see that many of these people should have lost their jobs and quite a few should have been arrested for what they did. That goes for bankers and politicians.

We can make a difference with intellignt actions but I don't see any way that we have much chance of eliminating poverty in any meaningful amount of time. If you get prosperity in a region and one tiny war crops up you'll surely have a poverty pocket to deal with when the shooting stops.
Even more basic is building a real economic system that actually does distribute wealth with fairness and need as considerations. No nation has solved that issue yet. Should a brick layer earn more than a pipe fitter? Should a seamstress be paid as much as a carpenter. Supply and demand doesn't work well as both supply and demand can be manipulated. Good answers are very hard to find and really represent a huge step in human evolution. We need to do what we can but we probably will never have good answers.

I just want to put the covers over my face and pretend this is not happening, but this will not make greed go away. How much is enough for JPMorgan Chase, BofA, Morgan Stanley, Citigroup, and Goldman Sachs?

Humpty dumpty sat on a wall (street)...

I think we are getting a little shell shocked by these numbers, unbelievable to most in a tv coma.

I do not advocate for it, nor would I ever foreseeably commit self-immolation, but many Tibetan monks have burned themselves to death to protest China's pathological and inhuman treatment of Tibetans and their culture. For over 50 years, Tibetans have suffered economic, cultural, and political oppression similar to what Native American tribes have suffered since 1492: the loss of individual liberty, denigration by a militaristic culture, and theft of ancestral lands.

Now that there are limited planetary resources, everyone you know is either Native American or Tibetan.

The American Spring is just around the corner and not a minute too soon!

Lets hope this article opens someones eyes.