Remember when I used to warn about the derivatives bubble, when it was only 600 TRILLION DOLLARS? - More money than the world had available to pay? Now the bubble is up to $2000 Trillion. What happens when, say, China slows down, (like it is), and, say, prime interest rates go up a little - or, say, companies and banks and rich people have to cover their losses from falling oil investments??? They rush in to cash their derivatives - their bets.
That's when the bubble will burst. Suddenly, there will be a tidal wave of people trying to cash in the derivatives. Remember, there isn't the slightest amount of money to cover these - or even a fraction of these.
But, the most powerful, at least, will DEMAND that their bets be cashed. So, what are they trying to do? They are trying to do what I warned they would try to do. They are trying to get USA taxpayers to pay for their losses. And, then, it will also be taken out of our bank $$$ accounts, which, #1, have recently been deemed the PROPERTY OF THE BANKS, and, #2, are only protected by the FDIC by a fraction, (and only up to a certain amount) - meaning a full bank run will mean most people will lose their money, (after going through what Cyprus went through).
It is their planned coup-de-gras. They ride a wave of privilege and corruption, and use this temporal power to make sure that when they crash, the crash is transferred to the rest of humanity.
They have already tried to sneak this legislation through, while everyone is all riled up about black-versus-white, post-ISIS, post-Ebola, post-ping...
Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades
Bankster Lobbyists Try to Sneak Derivatives Bailout in Budget Legislation
Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives
New US Oil Well Permits Collapse 40% In November, Fed Still "Not Worried"?
10 Reasons Why A Severe Drop in Oil Prices Is A Problem
Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next - (The price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year.... Energy companies sold $50 billion in junk bonds through October, 14% of all junk bonds issued! But junk-rated energy companies trying to raise new money to service old debt or to fund costly fracking or off-shore drilling operations are suddenly hitting resistance...)