Financial analyst, Ann Barnhardt, says that Citigroup is adding an astounding $10 trillion per quarter to its derivatives portfolio.
Investmentwatchblog.com
January 17th, 2015
In the event of a drop in value, this now is covered by the FDIC, which transfers the high risk of derivatives to US taxpayers. The largest private shareholder of Citigroup is Prince Alaweed Bin Talal Bin Abdulaziz Alsaud (Mr. Saudi Arabia). Barnhardt thinks that Citigroup, on behalf of the US government, is laundering money to Saudi Arabia to compensate the oil producer for the current drop in prices, which is engineered by the US government as an economic strike against Russia and Venezuela.
How could trillions of dollars be laundered from the Wash DC regime to Saudi Arabia? Why, through Citigroup, of course
A clever reader with probably more knowledge of the Middle East than they would care to have put before me a very interesting question. Is the US laundering money to Saudi Arabia through Citigroup in order to “hedge” against, or compensate Saudi Arabia for the drop in oil prices
Well, it sure as hell looks like it.
I recently tweeted the reportage on the massive derivatives position being accumulated by Citigroup (the parent Holding Company) and Citibank (the bank held by Citigroup HoldCo) – $135 TRILLION. Citi is adding roughly $10 TRILLION PER QUARTER, and the bank is now holding MORE derivatives than the parent HoldCo, which is unprecedented and shocking. Even worse, the bank – the derivatives holdings of which are now “guaranteed” by the FDIC, which is to say the US TAXPAYERS, thanks to the Cromnibus bill – is where the exposure is being added – $9 TRILLION was added to the Citibank portfolio within the third quarter of 2014 alone – the latest available data
Citi is the only big bank that is INCREASING its derivatives position, all the other big banks have modestly reduced their derivatives exposure in the same time period. But Citi is piling it on as hard and fast as it can – NINE TRILLION $ IN ONE QUARTER!!
The Rest…HERE
