Bankster Crime

Exposing Fraud in the Banking System

Coffee Bean Direct

Three Wall Street Mega Banks Hold $157.3 Trillion in Derivatives – That’s $56.7 Trillion More than the Entire World’s GDP Last Year

Featured Story

Wall Street Mega Banks(1)

By StevieRay Hansen

A consumer spending expert has released a dismal forecast for the US economy in 2024.

Harry Dent told Fox Business on Tuesday that “since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact.” “This is completely manufactured, off the charts, which indicates that things are serious right now. In my opinion, 2024 will be the largest single collapse year of our lives.”

“We need to send a message to central banks and get back down to normal,” he continued. “This should be a lesson we never revisit,” he said. I doubt that we will witness another bubble in our lifetimes.”

Side Bar:

The Pentagon recently acknowledged that it was unable to account for trillions of dollars in taxpayer funds since it had failed a significant annual audit for six consecutive years.

Only seven of the 29 sub-audits of the DoD’s various services passed this year, which is no improvement over previous year’s results. The Pentagon has never been able to pass one of these audits, which first started in 2017.

The mainstream media briefly discussed this year’s debacle, which garnered some attention, but was quickly forgotten by an American public used to flushing money down the drain of defense spending.

The banks and their sycophants holding Senate and House seats pretended that American farmers would suffer because the derivatives they use to hedge against crop failures or price swings in their crops will become more expensive during recent Congressional hearings on the newly proposed rules by federal bank regulators to force the country’s largest banks to hold more capital against their riskiest trading positions (so that taxpayers aren’t on the hook for more bailouts).

The most recent data from the U.S. Department of agricultural shows that “agriculture, food, and related industries contributed roughly $1.264 trillion to U.S. gross domestic product (GDP) in 2021,” so we knew this was an entirely baseless claim.

Put another way, as of September 30 of this year, just three Wall Street megabanks held $157.3 trillion in derivatives, which is $56.74 trillion more than the global GDP of the previous year. Meanwhile, American farmers need to hedge less than $2 trillion. Refer to the chart above.

What are farmers and business owners using the majority of these derivatives for if not hedging against losses? The federal regulator of national banks, the Office of the Comptroller of the Currency (OCC), claims that trading is taking place at Wall Street’s megabanks using trillions of dollars in derivatives, most likely for the profit of the banks or their billionaire speculators, hedge funds and family offices.

The source was informed by the economist, who also owns HS Dent Investment Management, that the COVID-19 pandemic in late 2021 caused the U.S. markets to burst into a bubble.These levels might never be seen again. Furthermore, there won’t be a repair for this crash. It will be more in the range of ’29 to ’32. “And anyone who witnessed that would have taken a gun to their stockbroker,” Mr. Dent continued, alluding to the 1929 stock market crash that sparked the 1930s Great Depression.

“If my prediction comes true, 2024 will see the most of the largest crash of our time. By May, you’re going to see that become more apparent,” the analyst predicted. I could be incorrect, but it’s possible that you lose out on a few additional gains if you simply leave the market for six to twelve months and nothing changes in terms of valuation. If my prediction comes true, you will avoid suffering significant losses and have the opportunity to reinvest in a year or a year and a half from now at incredibly low costs, which will greatly increase your gains.”

Market crash forecasts are nothing new. In 2009, Mr. Dent penned “The Great Depression Ahead,” a book that predicted a major market collapse. A number of analysts have predicted the same thing in recent weeks regarding a major stock market fall in the near future.

We will have far more pressing issues to consider than the value of our portfolio, which will likely be seized in any case for anyone not on the elites’ approved list, if America’s economy collapses that severely since it will be linked to a worldwide crash that will bring about The Great Reset and the NWO. All Planned

Treat your skin well. Our soaps are gentle and produce a smooth, creamy lather that is nourishing to your skin. They are handmade in small batches. We use only high-quality natural ingredients. No chemicals, no sodium laurel sulfate, no phthalates, no parabens, no detergents. GraniteRidgeSoapworks

Revelation: A Blueprint for the Great Tribulation

Bankster-Template-1
Bankster-Template-2

Understand What’s Coming

A Watchman Is Awakened

Bankster-Template-3

The Future Has Already Been Written

Bankster-Template-4

Will You Live Forever?

Will Putin Fulfill Biblical Prophecy and Attack Israel?

Bankster-Template-5

Part 1

Bankster-Template-6

Part 2

Bankster-Template-7

Part 3

Support-Orphans

Support The 127.org

A-Long-Journey-Home

Purchase on Amazon

David Webb Has an Incredible Bio, and Came From a Family Deeply Involved in Freemasonry. He Was a Successful Wall Street Manager for Years, and Now Lives in Switzerland Where He Owns Farmland. He Is Originally From Cleveland

By StevieRay Hansen | December 18, 2023

Read More →

It Seems We Have Hit A Point Where A Wall Is In The Way Of “Kicking The Can” Much Further

By StevieRay Hansen | December 18, 2023

Read More →

The New York Fed Has Extended Its Half Trillion Dollar Bailout Facility to a Sprawling Japanese Bank You’ve Never Heard Of

By StevieRay Hansen | December 15, 2023

Read More →

Wall Street CEOs Want the Line Between a Federally-Insured Bank and a Wall Street Trading Casino Erased; Regulators Want Higher Capital to Prevent That

By StevieRay Hansen | December 14, 2023

Read More →

Fed’s Vice Chair for Supervision Says Another Financial Crisis Could Cost U.S. $5 Trillion to $25 Trillion – Potentially as Much as 100 Percent of GDP–It’s Tribulation In Full View

By StevieRay Hansen | December 13, 2023

Read More →

Smoke and Mirrors. FDIC Scheme–Smoke and Mirrors. FDIC Scheme–a Key Driver of the Failures of Silicon Valley Bank and Signature Bank Were Their Over Reliance on Uninsured Deposits

By StevieRay Hansen | December 12, 2023

Read More →

Don't Miss

By BanksterCrime

Crypto Tries to Recreate the Koch Money Machine to Pack Congress with Shills BanksterCrime: Editor’s Note: For watchdog Better Markets’ detailed analysis of crypto’s “track…

Read More

By BanksterCrime

HNewsWire: Crypto Just Got Exponentially More Dangerous: Meet Fairshake By Pam Martens and Russ Martens, The first thing you need to know about crypto is that…

Read More

By BanksterCrime

Nvidia Hit a $3 Trillion Market Cap Last Week; Dark Pools Are Making Over 300,000 Trades in the Stock Weekly BanksterCrime: y Pam Martens and…

Read More

By BanksterCrime

BanksterCrime: A Former Exec at Citibank Raises Alarm Bells in Federal Court Over Failed Risk Controls Inside the Bank By Pam Martens and Russ Martens,…

Read More

By BanksterCrime

BanksterCrime: By Pam Martens and Russ Martens: April 2, 2024 ~ Jamie Dimon, Chairman and CEO of JPMorgan Chase, Shows Off Presidential Cuff Links While…

Read More
Posted in

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *