The Great Banking Collapse is Around the Corner-Derivatives Not Even on Their Balance Sheets Will Be Due Causing Insolvency-Another Enron Collapse Coming But With Banks
https://www.usbanklocations.com/bank-rank/derivatives.html
Comment: The Banksters of the Federal Reserve Are ALL at the Top of this list! They are GAMBLING in Derivatives and Want unlimited Printing of the Dollar to cover their Derivatives/Gambling debts. So screw you and I and cause hyperinflation lessening your pay for your work. They need to cover their illegal Gambling debts and Congress is allowing this! We are all SCREWED!
Chasing derivatives: Is the problem with money really one …
https://www.publicbankinginstitute.org/2018/10/25/…
Comment: Derivatives are BETS:
First, what are derivatives? Author Les Leopold says, “Derivatives are complex financial instruments that allow banks and wealthy investors to make bets worth trillions of dollars on such events as whether or not a company’s bonds will fail. If these bets were considered insurance policies, which they obviously are, then they would be subject to regulations insuring that buyers and sellers had enough reserves to cover losses, just like any insurance company.” So, the banks are placing $172 trillion in bets on these “instruments” called derivatives, but they don’t have the reserves to cover them.
Oct 25, 2018 · Not only does bank gambling add nothing to depositors; it actually puts us at risk. 4. Jim Rickards in The Death of Money says: “Financial institutions prefer derivative strategies using swaps and options to achieve the targeted returns, since derivatives are recorded off balance sheet and do not require as much capital as borrowings.”
“if a bank makes enough bad bets and it crashes, it can take what’s in our checking or savings accounts to pay off its derivative debts – which would be to other banks. It can even legally take what is in our safe deposit boxes! In short, banks can take our money to pay off their gambling debts to each other! Not only does bank gambling add nothing to depositors; it actually puts us at risk.”
Gambling by the banking casino is unproductive money; it produces no goods or services for us. So, yes, the problem of money actually is political, going back to how the Fed and banking was set up in 1913, and the laws enacted by subsequent Congresses to legitimize bank gambling.
