Swampyville's - Reading Between the Lines!

The US government has just opened the US banking market to China for the first time, clearing a takeover of a US bank by a China state controlled company and using funds from cheaply made Chinese products bought by Americans!

YOU BE THE JUDGE OF WHAT'S REALLY GOING ON!

THE ONLY IDEOLOGY BEING USED TODAY BY BOTH, THE LEFT AND THE RIGHT, IS: "PROGRESSIVE GREEDISM"!

IN THE GAME OF "GLOBAL MONOPOLY" SOMEONE HAS TO BE THE BANKER!

THE FOLLOWING IS THIS ONE PERSON'S OPINION!

The current Economic Crisis could have got a "Rejump Charge" with the Exxon's (Originally Rockefeller Sinclair Oil) Valdez Oil Spill in 1989! (The current economic crisis, in my opinion, began soon after World War Two, when American Corporations began to move their operations offshore to take advantage of the cheap labor and the lower cost of materials). After World War Two, the United States lost it's isolationist status and became a Global Power (exactly the way that the "Movers and Shakers" planned on it happening).

In the case of Baker v. Exxon, an Anchorage jury awarded $287 million for actual damages and $5 billion for punitive damages. The punitive damages amount was equal to a single year's profit by Exxon at that time. To protect itself in case the judgment was affirmed, Exxon obtained a $4.8 billion credit line from J.P. Morgan & Co. so that Morgan's would not have to hold as much money in reserve (8%) against the risk of Exxon's default. To insure the amount that J.P. Morgan loaned to Exxon would not be defaulted on, the Federal Government guaranteed J.P. Morgan several billion more than they actually needed of tax payer funds to cover this loan. (It should be noted that the J.P. Morgan Bank and the Chase Manhattan Bank (Rockefeller Bank) merged in 2000.)

(U.S. Energy Subsidies by the Federal Government during the period 2002 to 2008 for foreign tax credits, credit for production of non-conventional fuels, oil and gas exploration and development expenses by American Energy Companies was 36.5 billion of tax payers funds.)

From a Fortune 500 article on May 7. 2012!

Exxon Mobil Corporation Fortune 500 rank: # One Revenues (billions): $452,926,000,000.00

It’s tough to beat the kind of year Exxon Mobil had in 2011. Shares rose by 20% and profits surged by 35% to $41.1 billion. Revenues jumped 28% to $452.9 billion, helping Exxon reclaim the top spot in the Fortune 500 from Walmart!

Exxon has certainly benefited from rising oil prices, particularly during the last quarter of 2011. But the company has also positioned itself well to capitalize on the latest controversial trend in domestic energy production: Fracking. Exxon now produces just about as much gas as it does oil, thanks to its $35 billion purchase of XTO Energy in 2010. With world demand for energy expected to rise considerably during the coming decades, the shale gas party has just begun (No matter which party is in control).

Enhancing the current economic crisis with "Credit to Default Swaps" (CDS)!

J. P. Morgan bank created the first Credit to Default Swap (CDS) in 1994. Other investment firms quickly followed Morgan's lead!

"A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default or other credit event. The buyer of the CDS makes a series of payments (the CDS "fee" or "spread") to the seller and, in exchange, receives a payoff if the loan defaults."

"In the event of default the buyer of the CDS receives compensation (usually the face value of the loan), and the seller of the CDS takes possession of the defaulted loan. However, anyone can purchase a CDS, even buyers who do not hold the loan instrument and who have no direct insurable interest in the loan (these are called "naked" CDSs). If there are more CDS contracts outstanding than bonds in existence, a protocol exists to hold a credit event auction; (the payment received is usually substantially less than the face value of the loan.)"

"Credit default swaps have existed since the early 1990s, and increased in use after 2003. By the end of 2007, the outstanding CDS amount was $62.2 trillion, falling to $26.3 trillion by mid-year 2010. In early 2012 the CDS debt was reported to be $25.5 trillion. (Again, Financial Interests creating "Funny Money" out of thin air!)"

How a CDS works!

J.P Morgan bank makes a loan to a corporation. Later, J.P Morgan bank sells this loan, usually, to an Investor (Investment bank) as a CDS. The investor buys these CDS's and agrees to make insurance payments to the bank and the bank agrees if this loan is defaulted on, that they will buy back these loans at face value. This practice started with regular loans and eventually it began to cover sub-prime mortgages. The sub-prime mortgages were then package as Derivatives and sold to investors. Soon, these Derivatives were not worth the paper they were printed on. Investors have lost 37 trillion dollars so far! (Not to worry, the U.S. Government has plenty of Tax Payer's funds to bail the financial institutions out. If they run out of tax payer funds they can always borrow what they don't need from American Subsidiary banks overseas (in my opinion) and saying that it was borrowed from other countries (China/India)!) I would call it "Money Laundering"!

The J.P. Morgan and Chase merger in 2000!

"Chase was primarily a wholesale bank, dealing with other prominent financial institutions and major corporate clients, such as General Electric, which had, through its RCA affiliate, leased prominent space and become a crucial first tenant of Rockefeller Center, rescuing that major project in 1930. The bank is also closely associated with and has financed the oil industry, having longstanding connections with its board of directors to the successor companies of Standard Oil, especially Exxon/Mobil, which is also a part of Rockefeller holdings."

AS CAN BE SEEN; "GRADUAL REFORMATION" OF THIS COUNTRY'S ECONOMIC SYSTEM IS WELL ON ITS INTENDED WAY TO COMPLETE DESTRUCTION"!

"AUT VIAM INVENIAM AUT FACIAM" (I will either find a way or make one)