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The Bailout is Theatre – Banks are 90-180 Trillion in the Hole

theatreGovernment sleight of hand is at work. We are all entrenched in taking sides, wringing our hands over a “bailout” of the banking system, words like “institution”, “toxic assets”, “mortgage relief” are being used and debated in the halls of Congress and plastered all over the collective media.

What they are not telling you is that it is all theatre. There is no way the US Government can “bailout” the financial system.

Like the unpopular war in Iraq, the discussion always focuses on the diversions, things like “surge”, “terrorists”, the basic principle of unjust war is never publicly debated, it’s just buried in the mundane logistics of a war. So it goes with the financial terror being unleashed, we will all acquiesce to a solution that is ill-conceived, faulty and most likely criminal. Bernie Madoff is a piker when you compare him to the ponzi scheme the banking elite have have been perpetrating for the last decade. So the politicians won’t focus on if a bailout is just or right or even has the possibility of being effective, they are just going to bankrupt the United States of America. And they do this with their eyes wide open. They are not stupid, blind or naive, they are simply so utterly corrupt that that they don’t even have a concept of right and wrong anymore.

According to The Office of the Comptroller of the Currency, here are the numbers:

The notional value of derivatives held by U.S. commercial banks increased $14.7 trillion, or 9 percent, to
$180.3 trillion in the first quarter of 2008.

Thats 180.3 Trillion dollars that degenerate gambler-bankers have out on the street in mostly bad bets.

Do you now see why a “bailout” consisting of 800 or 900 billion or even a few trillion dollars is nothing but theatre?

[PDF] OCC’s Quarterly Report on Bank Trading and Derivatives Activities


January 21, 2009 Posted by | General | | Leave a comment