No Way to Avoid Global Financial Collapse, Says Predictive Software
Susanne Posel, Contributor
Monday, August 27, 2012
Congressman Paul Ryan, appearing to want to facilitate a national discussion about the too-big-to-fail banks, is really just focusing the social attention toward the concept that these banks are “systemically important.”
As the mega-banks face the controlled demolition of the US dollar, they have taken the stance of victim to the implosion; and along with insurance companies, finance corporations, hedge and money-market funds are being touted according to the Financial Stability Oversight Council as being important institutions.
In America, the mega banks have been buying up smaller banks through mergers and acquisitions. While keeping their names to fool the American public into believing they are banking independently, these mega-banks (i.e. JPMorgan Chase, Bank of America, Citibank and Wells Fargo) are consolidating financial power by manipulating control over the banking industry without answering to any regulatory body.
The governmental intervention into saving the mega-banks is called “constructive ambiguity.” This term refers to the banks being subsidized by the US government with cash pay-offs. An estimated 70% of some of the mega-banks’ worth is provided by the government.
Meanwhile HBSC has assisted in the money laundering of terrorist groups such as the Mexican cartels during the Fast and Furious scandal.
Barclays was the originator of the Libor scheme where interest rates to the tune of trillions of dollars that were siphoned from mortgages, loans and investments that was meant to cause countries to declare sovereign debt to the banking cartels so that they will own the nations of the world.