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» AMERICA’S COLOR REVOLUTION — Brought To You By The U.S. Intelligence Community & Coming To A City Near You
Tuesday, November 1, 2011 10-30 EURO Scam Unravels plus Bank Update EURO Scam Unravels plus Bank Update I_icon_minitimeMon Jun 17, 2024 5:58 am by kenlej

» Go Russia
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» I am too pretty for math, but....
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» Interesting article
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» Phony Tony: New Platform, same old song and dance
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» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
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» Go Russia
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» The Rockefellers and the controllers are freaking out right about now
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» Phony Tony sez: Full Steam Ahead!
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» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
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» THE MUSINGS OF A MADMAN
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Tuesday, November 1, 2011 10-30 EURO Scam Unravels plus Bank Update EURO Scam Unravels plus Bank Update

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Post by shakes4life Tue Nov 01, 2011 3:57 pm

Tuesday, November 1, 2011
10-30 EURO Scam Unravels plus Bank Update
EURO Scam Unravels
plus Bank Update
Part 1 of 4
by Tom Heneghan, International Intelligence Expert
Sunday October 30, 2011
http://www.whatnowtoons.com/images/bankers-what-now-249.jpg

UNITED STATES of America - It can now be reported that the $1.4 TRILLION arrangement aka 'bail out' of Greek and Portuguese banks is nothing more than a DERIVATIVE SCAM designed to protect the $68 TRILLION of toxic debt tied to J.P. Morgan Chase, Bank of America and the conspiratorial privately-owned U.S. Federal Reserve.

We can also divulge that U.S. Treasury Secretary, check kiting Timothy Geithner, along with financial terrorist J.P. Morgan's Jamie Dimon, as well as Bank of America and the European Central Bank (ECB), orchestrated another 'bail out' for themselves when they declared that the latest European financial crisis was a non-credit event (that, of course, is ABSOLUTE BULLSHIT!)

This fraudulent move the by aforementioned financial terrorists allowed Bank of America to renege and not pay out on insurance aka credit default swap bets made by MF Global on the credit rating on Bank of America, which is totally insolvent with worthless Asian derivatives.

Translation: What Timothy Geithner and Jamie Dimon, as well as the ECB President and the ISDA (The International Swaps and Derivatives Association) did was change the rules of the game aka derivative trading so as to protect Bank of America and SCREW MF Global and various small regional banks in France and Germany that were trying to protect themselves against the debt of these monolithic banking monsters.

Reference: Sources I have in the European Union tell me that Timothy Geithner and Jamie Dimon have now crossed over the line. So stay tuned, things are about to get extremely ugly.

Accounting lesson: The alleged EURO fix it plan is nothing more than an accounting trick disguised as another 'bail out' in which the financial terrorists get to:

1. Declare these worthless, marked up derivatives as assets when they are liabilities

2. Similar to the Federal Reserve's "Operation Twist", roll over this toxic debt disguised as bonds out to the calendar years of 2012 and 2013

3. Then amortize their entries at the end of the year (after rolling out their toxic derivatives) so to create an illusion of balanced books. Believe me, these are HOT BOOKS!

4. Then declare a capital loss an alleged 50% haircut on the derivatives they rolled out and then get a 100% "tax credit" (using income averaging) which will be a massive refund to the banks in the next two calendar years.

Note: This crooked accounting procedure is allowed based on the simple fact that these crooked banks are allowed to declare their toxic, worthless derivatives as assets, not LIABILITIES.
http://www.myspace.com/tom_heneghan_intel/blog/544656200
EURO Scam Unravels
plus Bank Update
Part 2 of 4
by Tom Heneghan, International Intelligence Expert

Continues here......

http://thankyouwhiteknights.blogspot.com/
shakes4life
shakes4life
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