“A rival power strong enough ultimately to overthrow all other forms of government.”
Why do economist NOT see it coming?
http://online.wsj.com/articles/occ-report-warns-signs-of-credit-risk-building-in-banking-system-14037 Syndicated leveraged loan issuance reached a record high in 2013 as the search for yield in the low interest rate environment drove an increase in risk appetite across institutional investors such as collateralized loan obligations (CLO) and retail loan funds.
|… Needless to say, these numbers are quite a bit smaller than the trillions
of dollars in … At the three largest bank derivatives dealers, …
www.occ.gov/news-issuances/speeches/2006/pub-speech-2006-121.pdf – 41k – 2013-11-24
|… Futures & Forwards Swaps Options Credit Derivatives TOTAL $ Trillions Top
4 Banks All Other Banks Four Banks Dominate in Derivatives …
www.occ.gov/news-issuances/news-releases/2012/2012-96a.pdf – 506k – 2013-11-24
|… $175.8 trillion. In Q2, credit derivatives were $15.5 trillion, making total
derivatives $182.1 trillion. Graph 1 $Trillions Q1 Q2 …
www.occ.gov/news-issuances/news-releases/2008/nr-occ-2008-152a.pdf – 411k – 2013-11-24
China Bank acquires Plantersbank | ABS-CBN News
www.abs-cbnnews.com › Business
Sep 18, 2013 · China Bank and Plantersbank on Wednesday signed a memorandum of agreement for China Bank’s acquisition of more than two-thirds of Plantersbank’s …
China’s ICBC Moves – WSJ – The Wall Street Journal
Jan 22, 2011 · Business China Bank Moves to Buy U.S. Branches ICBC Signs a Deal for Bank of East Asia’s Retail Outlets
Fed approves Chinese bank purchase of US bank – Yahoo News
May 09, 2012 · The Industrial and Commerce Bank, China’s largest bank with total assets of approximately $2.5 trillion, is 70.7 percent owned by the government of China.
First US approval for Chinese bank purchase – FT.com
www.ft.com › Companies › Financials
Industrial & Commercial Bank of China has gained US approval to purchase an…
“To allow it to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.”
Private For Profit Banks issue sovereign money via loans. As a result of their issuance (creating money at 30 or 40 times leverage) , the Fed has no choice but to honor that issuance or suffer a ‘systemic failure’
That is a collapse of the faith and credit of the dollar.
How will your children sleep, your grandchildren also knowing
CHINA will have that awesome power: to use their $5.5 trillion to earn $55 trillion by using the legislated privilege we have given to the private for profit banks-“The power to issue our own money and to charge interest for financial gain ?
Thank you for hearing me out.Read more by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
Thank you for at least considering the challenge.
May I sign off with a Frederick Soddy quote, from the Preface of “The Role Of Money”:
“… It is concerned less with the details of particular schemes
of monetary reform that have been advocated than with the general principles to which, in the
author’s opinion, every monetary system must at long last conform, if it is to fulfil its proper role
as the distributive mechanism of society. To allow it to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.”