Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives

The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.  Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives.  In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve.  As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system.  But someday […]

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By 2020 Two-Thirds Of Wild Animals Will Have Been Wiped Out Over A 50 Year Period As Mass Die-Offs Accelerate All Over The Planet

It has been called “the long extinction”.  Our planet is in the process of dying, and as you will see below, this process of death and destruction appears to be accelerating.  According to a report that was put out by the World Wildlife Fund and the Zoological Society of London, the number of wild animals around the globe appears to be decreasing at a rate of about 2 percent a year.  2 percent may not sound like a lot to you, but over 10 years that would mean that 20 percent of all wild animals in the world would be […]

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Terror Attacks And Mass Killings Are Becoming A Daily Event

Terror attacks and mass killings are happening so rapidly now that it is really difficult to keep up with them all.  In fact, as you will see below, so far there have been several this week alone.  This latest attack in France during which radical Islamic terrorists slit the throat of a Catholic priest was particularly disturbing.  Just a few days ago I warned that churches in the western world would be targeted, and now it is happening.  According to thereligionofpeace.com, there have been 1274 Islamic terror attacks in 2016.  These attacks have been spread across 50 different nations, and […]

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WMD – Weapons of Mass Destruction

“WMD” also is “Wasteful Monetary Devastation.” WASTEFUL:  We all know that governments spend money in wasteful ways and compensate with higher taxes, deficits, huge debt, “printed currencies” and inflation.  “Bridges to nowhere,” various wars, and “giveaways” benefit a few at the expense of many. MONETARY:  Printing and digitally creating many trillions of dollars, euros, yen, or pounds may temporarily bail out banks and governments but in the big picture they destroy capital and weaken the economies of the nations which are deluding themselves. DEVASTATION:  Overwhelm governments, corporations, and individuals with debt, cut interest rates, devastate pension returns, punish savers, trash […]

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Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And ‘Are Likely To Cause Big Trouble’

After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction.  And you know what?  He is exactly right.  The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a starring role.  When many people hear the word “derivatives”, they tend to tune out because it is a word that sounds very complicated.  And without a doubt, derivatives can be enormously complex.  But what I try to do is to take complex subjects and break […]

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