THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

The Real Reason for the Global Financial Crisis…the Story No One’s Talking About

At the exchange rate yesterday (Wednesday), 35 trillion British Pounds was equivalent to U.S. $62 trillion (hence, the 35 trillion Pound gorilla). According to the International Swaps and Derivatives Association , $62 trillion is the notional value of credit default swaps (CDS) out there, somewhere, in the market.

This isn't the first time Money Morning has warned readers about the dangers of credit default swaps. And it won't be the last.

Comments

We are A ...

Easterling

DHS = Fascist State

FEDERAL RESERVE = Totalitarian State

US TREASUREY = Social/Communist State

UNITARY EXECUTIVE = Dictatorship

So we are a Totalitarian Fascist Socialist State Dictatorship

That about covers it!

LIVE FREE OR DIE

LIVE FREE OR DIE

poorrichard

That sounds good until I ask myself.. Why I do all these honey dos for my gal?.. I feel like I'm a slave, and yet, I'm in my own home. Perhaps we all erect a cage around us that gives us some element of comfort and stability..

Easterling.. l like your writing style.. and attitude. I imagine you a mod.

The Real Reason

poorrichard

It's the sleazy interbank bets, that Greenspan encouraged. Nothing happens in politics or internal finance that wasn't planned, and orchestrated deliberately.

The powers that be wanted to destroy America's money system since Jeckel island in 1913.. and they have done it... It took them almost a hundred years, but they did it.

The American Constitution was created to prevent the paper aristocracy from taking over America.. Thru fiat money, and fractional banking practices.

They have pillaged the entire continent, The destruction of America was planned long ago.. They have gotten away with it.

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