U.S. Deficit Rising At Fastest Pace Since Revolutionary War, Obama Gave $100-Trillion to Banksters at Taxslave Expense by piratenews

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U.S. Deficit Rising At Fastest Pace Since Revolutionary War, Obama Gave $100-Trillion to Banksters at Taxslave Expense

POSTED BY: PIRATENEWS
UPDATED: Thursday, May 18, 2023 18:10
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Saturday, November 24, 2012 6:23 AM

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

What do you think's going to happen when the welfare cheats, senior citizens, wallstreet banksters, police and military no longer get a govt paycheck?

Reality check:

Kyle Bass: Fallacies Such As MMT Are ‘Leading The Sheep To Slaughter’ And ‘We Believe War Is Inevitable’
http://www.infiniteunknown.net/2012/11/17/kyle-bass-fallacies-such-as-
mmt-are-leading-the-sheep-to-slaughter-and-we-believe-war-is-inevitable/

Every so-called US dollar printed out of thin air by the private foreign "Federal" Reserve Bank (owned by jews and the German queen of England) is loaned at over $1-billion/day interest to the federal govt, at taxslave expense...

Thanks to jew Obama, the "Federal" Reserve Bank is printing $40 billion a month for the remainder of 2012, not counting over $1-quadrillion derivatives:

$1,000,000 - Not as big of a pile as you thought, huh?
Still this is 92 years of work for the average human on earth

$100,000,000 - Plenty to go around for everyone.
Fits nicely on an ISO / Military standard sized pallet.
The couch is worth $46.7 million. Made out of crispy $100 bills.

$100 Million Dollars, enough to keep 2000 people employed for 1 year @ $50,000/ year

$1-billion - You will need some help when robbing the bank.
Interesting fact: $1 million dollars weights 10kg exactly.
You are looking at 10 tons of money on those pallets.

You are looking at little over $13 Billion dollars getting ready to be transported out, into the economy.
Each pallet of $100 million dollars weights exactly 1 ton (minus the pallet). The trucks shown carry 20 tons of cash. Legal carry weight is usually between 22-25 tons

In September 2012, the Federal Reserve started its 3rd QE economic stimulus program.
Under this program Federal Reserve will for the rest of 2012 buy $40 Billion a month, each month, in MBS (home-backed loans) from the market, by so infusing new money into the economy.

$40 billion a month would amount to 9,600,000 jobs paying $50,000 / year. Unfortunately, more money does not equal more jobs. The newly printed money is not getting loaned out to consumers (as intended by the stimulus package) but stays with the banks and the banks invest the newly printed money in stocks for fast profits, by so pushing the stock market higher. The money does not go to SBA Bonds that are aimed at pumping cash into small business sectors.

the projected Federal Reserve printing volume of dollars for 2013.
Federal Reserve intends to print $1020 Billions ($1.02 Trillion) in 2013.

In 2013 Federal Reserve will increase printing from $40 to $85 Billion per month by purchasing $40 Billion a month in MBS (home-backed loans) AND additional $45 billion in 10-30 year US Government treasurys (loans) from financial institutions. "The Fed will therefore monetize roughly half of the US budget deficit in 2013."

This is equivalent to 20.4 million jobs per year paying $50,000 / year.

"Federal" Reserve Bank ballance sheet in 2013 is $4-trillion

WALL STREET JEWS: This is where Federal Reserve's newly printed money ends up.
Familiarize yourself with Wall Street by reading our Derivative Casino page.
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.htm
l

The Federal Reserve has a bottomless pit of money at its disposal. It is arguably the most powerful institution in the world- it controls the money of the Reserve Currency of the World - The US Dollar. It could destroy the world economy by simply changing the main interest rate (Federal Funds Rate), just like in '07/'08.

How money printing happens: The newly printed money is just a number on the computer; printing real money is expensive. The Federal Reserve must have a system to spread the newly printed money. It spreads the money by 'taking over' existing loans; in essence buying the loans (from banks, hedge funds or other financial institutions). This system reimburses the banks the money banks loaned out before it's repaid by client, by so injecting new money into the economy.

The loans are considered "assets" because they earn interest. There are various loans (assets) the Federal Reserve buys through its programs, including:

Government loans (treasury bills, securities, bonds, etc), MBS (Mortgage Backed Securities- home loans), student loans, credit cards and auto loans and many more.

Little known fact: All money is debt. All money is loaned into existence. Banks can ALSO create money by making a "Reserve Requirement" deposit with the Federal Reserve. If a bank deposits $1 million with Federal Reserve, with a 10% Reserve Requirement it can loan out $10 million by simply typing it into the computer into an account. This is called Fractional Reserve Banking. Federal Reserve also works as a lender of last resort when the banks that loaned out 10x more than they have deposited, get a 'run on the bank' and can't come up with the money-- when more people are pulling it out than they have available. Federal Reserve protects the system that allows lending out what one does not actually have. Federal Reserve is also a private bank, privately owned and not responsible to the Government, or anyone, except possibly its 300 private share holders.

This might sound confusing, but money-creation is not taught in schools, therefore many completely lack the concept of how the system works. The economy text-books of today are Keynesian theory based-- "print more cash please", written by big corporations, such as McGraw Hill-- which are owned by the banks. Banks benefit from this system, and from you not understanding it. There are many videos and sites covering the concept of money creation.

the Federal Reserve's Balance Sheet is the amount of assets The Fed has purchased (removed) from the free market in order to stimulate it. The Fed owns as of 2012-10-06, 27.2% of the bond market.

Eventually the Federal Reserve must reverse the flow of assets and start selling them or inflation and price instability kicks in. This reverse flow would deduct at least 24% of GDP, when it happens. Federal Reserve is left with a catch-22, because it contradicts their mandate by-law of price stability and maximum employment.

The Federal Reserve's economic models are now broken as The Fed is as of September 2012 shocked its models predict "Explosive Inflation", but reality does not show it.

One of the reasons there has not been an explosive inflation is that there is a little known, but massive by size, Shadow Banking System, a place where 'credit-money' is created by the banks, for the banks and does not enter the real economy by so being protected from causing inflation.

The Shadow Banking system has been deleveraging since 2008 and needs to sell assets to come up with the money to pay back others. This new money comes from the Fed, but now enters Banks' real balance sheets, and is pushed into stocks for quick profits, pushing the stock market higher, by-passing the consumer.
Federal Reserve must print at least $3.9 Trillion more before the Shadow Banking System is stabilized.

http://demonocracy.info/infographics/usa/federal_reserve-qe3/money_pri
nting-2012-2013.html

http://www.foxnews.com/politics/2012/09/04/who-do-owe-most-that-16-tri
llion-to-hint-it-isnt-china/

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Saturday, November 24, 2012 6:42 AM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

DERIVATIVES: The Unregulated Global Casinos for Banks

SHORT STORY: Pick something of value, make bets on the future value of "something", add contract & you have a derivative.
Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill.
This visualizes the total coverage for derivatives (notional). Similar to insurance company's total coverage for all cars.

Goldman Sachs has a derivative exposure of $44.192 Trillion dollars.
The $1 Trillion pillars towers are double-stacked @ 930 feet (248 m).
The White House is standing next to the Statue of Liberty.

Goldman Sachs has advantage over other banks because it has awesome
connections in US Government. A lot of former Goldman employees hold high-level
US Government positions (chart).

Mitt Romney's top donor is Goldman Sachs, and one of Obama's best donors.
Ex-CEO of Goldman Sachs, Hank Paulson became the Secretary of Treasury under Bush and
during the 2008 financial crisis authored the TARP bill demanding $700 billion bail-out.
In UK, Goldman Sachs escaped £10 million bill on a failed tax avoidance scheme with help of good connections.
The bank is the largest player in the food commodities market, earned $955m from food speculation in 2009" - That's your $$$.
Goldman Sachs employees are arming themselves with guns in case there is a populist uprising against the bank.
Goldman Sachs calls their investors "muppets". and use clients to make money for themselves, disregarding the clients.
The bank was fined $22 million for sharing valuable nonpublic information with top clients (Think insider trading with best clients).
Goldman Sachs was part-owner America's leading website for prostitution ads until the ownership stake was exposed.
Goldman Sachs helped Greece conceal its debt with secret loans, while simultaneously taking advantage of Greece.
Goldman Sachs got a $814 billion SECRET bailout from the Federal Reserve during the 2008 crisis.
Goldman Sachs got $10 billion of the 2008 TARP bailout, and in the same year paid $10.9 billion in employee compensation and "benefits", while paying a tax rate of 1%. That means an average of $327,000 to each Goldman Sach's employee.

Bank of America has a derivative exposure of $50.135 Trillion dollars.

BofA is sticking the tax-payers with a MASSIVE bill, by moving derivatives to
accounts insured by the federal government @ total of $53.7 trillion as of 06/2011.
During 2011-12 BofA has been in need of cash, so Warren Buffett gave BofA $5 billion.
Same year BofA sold its stake in China Construction Bank to raise $1.8 billion in cash.

Bank of America paid $22 million to settle charges of improperly foreclosing on active-duty troops
BofA recruited 3 cyber attack firms to attack WikiLeaks. but the Anonymous hacker group hacked the security firms first.
BofA was sued for $31 billion in home-loan losses in 2011, the bank is involved in many lawsuits, too many to document.
BofA also received a SECRET $1.344 trillion dollar bailout from the Federal Reserve.

Citibank has a derivative exposure of $52.102 Trillion dollars.
The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).

Citibank customers have been arrested for trying to close their accounts, while in in Indonesia a man was interrogated to death in Citibank's special "questioning room". In 2011 Citibank paid a fine of $285 million for selling home-loan backed bonds to investors, while betting they would lose value (think derivatives/insurance). The man in charge of the unit at Citibank became Obama's Chief of Staff. 2 weeks before getting hired by Obama he got $900,000 from Citibank for great performance. This was after Citigroup took out $45 billion in bailout money.
Citibank knowingly passed over bad loans to the Federal Housing Administration to insure.

Citigroup also received a SECRET $2.513 trillion dollar bailout from the Federal Reserve.

JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars.
$70 Trillion is roughly the size of the entire world's economy.
The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).

JP Morgan is rumored to hold 50->80% of the copper market, and manipulated the market by massive purchases. JP Morgan (JPM) is also guilty of manipulating the silver market to make billions. In 2010 JP Morgan had 3 perfect trading quarters and only lost money on 8 days. Lawsuits on home foreclosures have been filed against JP Morgan. Aluminum price is manipulated by JP Morgan through large physical ownership of material and creating bottlenecks during transport. JP Morgan was among the banks involved in the seizure of $620 million in assets for alleged fraud linked to derivatives. JP Morgan got $25 billion taxpayer in bailout money. It has no intention of using the money to lend to customers, but instead will use it to drive out competition. The bank is also the largest owner of BP - the oil spill company. During the oil spill the bank said that the oil spill is good for the economy.
JP Morgan Chase also received a SECRET $391 billion dollar bailout from the Federal Reserve.
In 2012, JP Morgan (JPM) took a $2 billion loss on "Poorly Executed" Derivative Bets.

9 biggest banks derivatives exposure -- $228-Trillion.

Note the little man standing in front of white house. The little worm next to lastfootball field is a truck with $2 billion dollars.
There is no government in the world that has this kind of money. This is roughly 3 times the entire world economy. The unregulated market presents a massive financial risk. The corruption and immorality of the banks makes the situation worse.

If you don't want to bank with these banks, but want to have access to free ATM's anywhere-- most Credit Unions in USA are in the CO-OP ATM network, where all ATM's are free to any COOP CU member and most support depositing checks. The Credit Unions are like banks, but invest all their profits to give members lower rates and better service. They don't have shareholders to worry about or have derivatives to purchase and sell.

Keep an eye out in the news for "derivative crisis", as the crisis is inevitable with current falling value of most real assets.
Derivative Data Source: ZeroHedge

derivative buys you the option (but not obligation) to buy oil in 6 months for today's price/any agreed price, hoping that oil will cost more in future. (I'll bet you it'll cost more in 6 months). Derivative can also be used as insurance, betting that a loan will or won't default before a given date. So its a big betting system, like a Casino, but instead of betting on cards and roulette, you bet on future values and performance of practically anything that holds value. The system is not regulated what-so-ever, and you can buy a derivative on an existing derivative.

Most large banks try to prevent smaller investors from gaining access to the derivative market on the basis of there being too much risk. Deriv. market has blown a galactic bubble, just like the real estate bubble or stock market bubble (that's going on right now). Since there is literally no economist in the world that knows exactly how the derivative money flows or how the system works, while derivatives are traded in microseconds by computers, we really don't know what will trigger the crash, or when it will happen, but considering the global financial crisis this system is in for tough times, that will be catastrophic for the world financial system since the 9 largest banks shown below hold a total of $228.72 trillion in Derivatives - Approximately 3 times the entire world economy. No government in world has money for this bailout. Lets take a look at what banks have the biggest Derivative Exposures and what scandals they've been lately involved in. Derivative Data Source: ZeroHedge.

http://demonocracy.info/infographics/usa/derivatives/bank_exposure.htm
l

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Saturday, November 24, 2012 6:50 AM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

"The whole government is a Ponzi scheme."
-Jew Bernie Madoff, convicted founder of the NASDAQ stock exchange who stole $150-Billion...more than all other criminals in USA combined (not counting the quadrillion$ stolen by the foreign private "Federal" Reserve Bank)
http://abcnews.go.com/US/wireStory?id=13015875

"The Jews, I find are very selfish. When they have power, physical or political, neither Hitler nor Stalin has anything on them for cruelty or mistreatment to the underdog."
—President Harry Truman, Personal Diary entry dated July 21, 1947
http://www.texemarrs.com/092011/truman_and_the_jews_article.htm

"He [the Jew] should not press his fellow [Jew] for payment.. the foreigner [Gentile] you may press for payment."
-Deuteronomy 15: 2,3, Christian Bible

"You must not make your brother pay interest, interest on money, interest on food, interest on anything on which one may claim interest. You may make a foreigner [Gentile] pay interest but your brother [fellow Jew] you must not make pay interest."
-Deuteronomy 23: 19,20, Christian Bible

"And in case your brother [fellow Jew] grows poor alongside you and he has to sell himself to you, you must not use him for slavish service. As for the slave man and your slave girl who become yours from the [Gentile] nations that are round about you people, from them you may buy a slave man and a slave girl. And you must pass them on as an inheritance to your sons after you to inherit as a possession to time indefinite. You may use them as workers, but upon the sons of Israel, you must not tread, the one upon the other, with tyranny."
-Leviticus 25: 39,44,46

"In case there should be sold to you your brother, a Hebrew or a Hebrewess, and he has served you six years, then in the seventh year you should send him out from you as one set free... you must not send him away empty handed."
-Deuteronomy 15: 12,13

"In case you draw near to city to fight against it, you must announce to it terms of peace. And it must occur that if it gives a peaceful answer to you and it has opened up to you, it must occur that ALL the people found in it should become yours for forced labor, and they must serve you. But if it does not make peace with you and it actually makes war with you and you have to besiege it, you must strike every male in it with the edge of the sword. Only the women and the little children and the domestic animals and everything that happens to be in the city, all of its spoil you will plunder for yourselves; and you must eat the spoil of your enemies. That is the way you will do to all the cities very far away from you that are not of the cities of these nations. It is only of the cities of these people that you must not preserve anything alive."
-Deuteronomy 20: 10-16

“Just the Jews are humans, the Non-Jews are no humans, but cattle.”
-Jewish Babylonian Talmud, Kerithuth 6b page 78, Jebhammoth 61a (goyim = human cattle)

“The Non-Jews have been created to serve the Jews as slaves.”
-Jewish Babylonian Talmud, Midrasch Talpioth 225

“The Non-Jews have to be avoided, even more than sick pigs.”
-Jewish Babylonian Talmud, Orach Chaiim 57, 6a

“Sexual intercourse with Non-Jews is like sexual intercourse with
animals.”
-Jewish Babylonian Talmud, Kethuboth 3b

“The birth-rate of the Non-Jews has to be suppressed massively.”
-Jewish Babylonian Talmud, Zohar II, 4b

“Everywhere they (the Jews) come, they will be the princes of the
lords.”
-Jewish Babylonian Talmud, Sanhedrin 104a

“I (Jahveh) make you (the Jewry) the ancestor of the peoples, I make
you the selected one amongst the peoples, I make you the king over the
peoples, I make you the loved one amongst the peoples, I make you the
best one amongst the peoples, I make you the trusted one amongst the
peoples.”
-Jewish Babylonian Talmud, Schabbat 105a

“Jews always have to try to deceive Non-Jews.”
-Jewish Babylonian Talmud, Zohar I, 168a

“Every Jew is allowed to use lies and perjury to bring a Non-Jew to
ruin.”
-Jewish Babylonian Talmud, Babha Kama 113a

“The possessions of the goyim are like an ownerless desert, and
everybody (every Jew) who seizes it, has acquired it.”
-Jewish Babylonian Talmud, IV/3/54b

“When the Messiah comes, all will be slaves of the Jews.”
-Jewish Babylonian Talmud, Erubin 43b

"I am convinced that the persecution of the Jew is not in any large
degree due to religious prejudice. No, the Jew is a money-getter. He
made it the end and aim of his life. He was at it in Rome. He has been
at it ever since. His success has made the whole human race his enemy."
-Mark Twain, member of Jewish Bohemian Grove

"It is well known that the Jew in his natural function as a biological
parasite must not only control the thoughts of his host people if he is
to survive, but he must also establish their thought patterns and
maintain supervision of them. Thus, the gentiles, or host people, are
taught to respect and obey the smaller, weaker parasitic organism which
is taking his sustenance, making him ill, and slowly destroying him.
The entire host/parasite relationship flouts the most basic law of
nature, the instinct of survival and of self-preservation. The Jew,
being numerically weaker, must if he is to survive, train the host to
tolerate his presence, and to allow him to control the host."
—Eustace Mullins

Semite.
1 a : a member of any of a number of peoples of ancient southwestern Asia including the Akkadians, Phoenicians, Hebrews, and ARABS - b : a descendant of these peoples - 2 : a member of a modern people speaking a Semitic language.
—Merriam Webster Dictionary

"A 'Semite' is any person living in that area, including Arabs and Christians. It's time we start talking about 'The Other AntiSemitism'. A Semite is not a Jew living in America or Europe."
—Ralph Nader (Arab-American from Lebannon), Indy presidential candidate 2008, Reform Party presidential nominee in 2004, Green Party presidential nominee in 2000, Arab-American Business conference, C-SPAN, 2003

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Saturday, November 24, 2012 12:07 PM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

House of Rothschild, Kosher kings of planet Earth, own the private foreign "Federal" Reserve Bank and have more than $300-TRILLION in their personal bank accounts:

Edmund de Rotshchild

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Saturday, November 24, 2012 5:25 PM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

Monopoly Men of the 'Federal' Reserve Bank, invented in secret over Xmas holiday at Jeckle Island:

"The 'Federal' Reserve is neither federal nor has any reserves."
-Congressman Dennis Kucinich

"Behind every great fortune there is a great crime."
-Honore de Balzac

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Sunday, November 25, 2012 2:01 AM

GEEZER

Keep the Shiny side up

Quote:
Originally posted by PIRATENEWS:
Monopoly Men of the 'Federal' Reserve Bank, invented in secret over Xmas holiday at Jeckle Island:

Actually, it's Jekyll Island.

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Sunday, December 4, 2022 9:07 AM

JAYNEZTOWN

Russia might collapse before the West?

Biden Says He Is Willing to Talk to Putin About Ukraine, With Conditions
https://www.nytimes.com/2022/12/01/us/politics/biden-macron-putin-ukra
ine.html

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Thursday, May 18, 2023 6:10 PM

JAYNEZTOWN

What is the US debt ceiling and what will it mean if it isn’t raised?

https://www.telegraph.co.uk/business/2023/05/09/us-debt-ceiling-what-m
eans-economy-biden/

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