Monday, February 13, 2012

NEGATIVE Yield Bonds Are Coming, The Fed’s EXPLICIT Goal Is to Devalue the Dollar by 33% …

NEGATIVE Yield Bonds Are Coming, The Fed’s EXPLICIT Goal Is to Devalue the Dollar by 33% …

As Forbes’ Charles Kadlec notes:

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.


The Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.

While that is stunning, it is actually par for the course for the Fed:

Here’s a chart of the trade weighted US Dollar from 1973-2009.

US dollar Federal Reserve and Big Banks Are Going to Crush the Dollar ... and American Savers

And here’s a bonus chart showing the decline in the dollar’s purchasing power from 1913 to 2005:

Dollar from 1913.gif Federal Reserve and Big Banks Are Going to Crush the Dollar ... and American Savers

The giant banks – through their treasury borrowing committee headed by JP Morgan and Goldman Sachs – are also demanding the issuance of negative yield bonds.

In other words, the too big to fail banks want Americans to pay to have the luxury of holding their money in bonds.

American savers – and especially those living on fixed incomes and pensions – are going to get creamed.

1% US banks gamble $5 million per US household; $532 trillion total....

Reuters and provide prima facie evidence that the US 1% runs Wall Street as rigged-casino gambling to transfer wealth from the 99% to themselves. The amount of money fraudulently gambled is not millions of dollars, not billions, not even tens of trillions, but over five hundred trillion ($532,000,000,000,000).

Look at Demonocracy’s images to get an idea of this magnitude of money.

Let this sink in: $532 trillion means that the 1% US shitty disgusting Zioconned banksters gamble over $5 million dollars for every US household and $1.7 million for every American.....

It also means that the 1% has cooperation from “leadership” in Congress, law enforcement, and almost all corporate media to have this gambling as the core of the 99%’s mortgages and pension funds, with the criminal fraud of representing this as “investments,” “regulated,” and “fair.”

Ending global poverty would be accomplished with an annual investment of $100 billion a year for ten years. This would save the lives of a million children who die from preventable poverty each month, is less than 0.7% of the developed countries’ GNI, has reduced population growth rates in every historical case, and is the best way the CIA concludes to reduce terrorism. The annual amount to end poverty is 0.02% of what the top five US banks gamble every year.

Excerpts from Reuters:

(Reuters) – U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows…. Reuters reported in December that under Holder and Breuer, the Justice Department hasn’t brought any criminal cases against big banks or other companies involved in mortgage servicing, even though copious evidence has surfaced of apparent criminal violations in foreclosure cases.

Excerpt from

OCC’s Quarterly Report on Bank Trading and Derivatives Activities: Third Quarter 2011
December 2011, OCC (U.S. Office of the Comptroller of the Currency, Administrator of National Banks)

The OCC’s quarterly report on trading revenues and bank derivatives activities is based on Call Report information provided by all insured U.S. commercial banks and trust companies, reports filed by U.S. financial holding companies, and other published data. The notional amount of derivatives held by insured U.S. commercial banks decreased $1.4 trillion, or 0.6%, from the second quarter of 2011 to $248 trillion. Notional derivatives are 5.7% higher than at the same time last year. Derivatives activity in the U.S. banking system continues to be dominated by a small group of large financial institutions. Five large commercial banks represent 96% of the total banking industry notional amounts. Insured commercial banks have more limited legal authorities than do their holding companies.

Note: Graphs in this report show that the holding companies for the top five banks also control massive amounts of derivatives totaling $326 trillion! The holding companies JPMorgan Chase, BofA, Morgan Stanley, Citigroup, and Goldman Sachs have over $311 trillion in derivatives, 95% of the total U.S. market. So these banks and their holding companies combined own $532 trillion in derivatives, equivalent to roughly $75,000 for every person on the planet. What are the bankers doing? If the above link fails, click here.

After 15 years of my own research after US political leadership reneged on all promises (public and private) to end poverty after we led to create the Micro-credit Summit in 1997, here’s my best explanation of what’s driving economics:

How an economics teacher presents Occupy’s economic argument, victory

The news in this article was known to the House and Senate when they voted to eliminate Habeas Corpus, trial by jury, right to a lawyer and reasonable bail which is to say they abolished the Bill of Rights. And now they have authorized 30,000 drones to survey [ i.e. 24/7 surveillance...] of Americans.... And half of these are to be armed drones....

I guess they want something more reliable than the police and the military to protect themselves from the voters. The following has a list of the Senators who voted for armed drones to patrol America.

The List OF 75 US Senators Who Voted To Let 30,000 Drones Shoot Americans In The Streets....

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