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"The Fiscal Cliff is a Diversion from the Real Problem"

 
Designr317
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12/29/2012 02:47 PM

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"The Fiscal Cliff is a Diversion from the Real Problem"
First post, so please cut me some slack here.
I looked everywhere and I don't see where anyone has posted this yet.

This is chilling! Even more chilling than your first post on GLP!!

This ad nauseum mention of the "Fiscal Cliff" is NOTHING compared to what is most probably coming!!!

STOP looking at the Fiscal Cliff and see what's coming behind it.

[link to www.canadafreepress.com]

Snippet:
"The fiscal cliff is a less a crisis than a creation that diverts the attention of policymakers, the media and the public away from the big picture abyss that threatens the United States and shifts focus to the smaller and more immediate tax and spending debate associated with the year-end expiration of the Bush tax cuts.

The central problem facing the U.S. that few understand is the growing systemic risk from the unsustainable trajectory of deficit spending and debt accumulation and the $225 trillion derivatives exposure largely held by a handful of U.S. banks that are too big to fail."
"For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future."
Jeremiah 29:11


"Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid."
John 14:27
Designr317 (OP)
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12/29/2012 02:57 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
More:

"But what is striking about the current debate is how relatively small the (Fiscal Cliff) numbers are compared to those associated with the greater problems of systemic risk that could precipitate a financial collapse:

•The U.S. Government bond market bubble that has grown 55% to $16.38 trillion in the first 4 years of the Obama administration, a sum which is now 107% of U.S. GDP and equals the entire debt accumulated in the first 225 years of America’s history.

•The $220 trillion in U.S. derivatives exposure held by JP Morgan, Bank of America, Citibank and Goldman Sachs, a sum which amounts to 3.3 times the entire world Gross Domestic Product."
"For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future."
Jeremiah 29:11


"Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid."
John 14:27
Designr317 (OP)
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12/29/2012 03:16 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
"Helllllloooooo....."

*tapping screen*

"No one home?"
"For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future."
Jeremiah 29:11


"Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid."
John 14:27
Anonymous Coward
User ID: 31097424
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12/29/2012 03:35 PM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
bump
Anonymous Coward
User ID: 28502453
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12/29/2012 03:43 PM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
In simple terms: the real problem is the massive inflation. The fed will try to "hide" and miss report it (CPI is a cooked number) this inflation by taking away our purchasing by the means of taxation increase (about 800B) and cut gov. spending. They will (banks)use the freshly created money to buy their assets by dumping this money into circulation and increasing the money supply. So they need to hide this.
It's a great scam game they will play on us on robing us of our money.
JUST HERE

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12/29/2012 03:46 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
agree
:glp sign:
2012Portal
2012Portal - The Mayan Calendar

User ID: 15022013
Netherlands
12/29/2012 03:48 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
Yes, very good point OP. That and this -

The LIBOR Banking Scandal ---
[link to newsusa.myfeedportal.com]


Some people want their cake and eat it too.
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
User ID: 31098175
United States
12/29/2012 03:53 PM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
It is really simple we are all going to become debt slaves in the new feudal one world empire.
Anonymous Coward
User ID: 31097384
Sweden
12/29/2012 03:54 PM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
dynamitedynamitedynamite
violinscaredviolin
dynamitedynamitedynamite
Anonymous Coward
User ID: 28502453
United States
12/29/2012 04:02 PM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
We will enter into another recession because that and it'll will eat up 5% of our GDP with official unemployment of 12%
ANON-A-Crew
User ID: 13187039
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12/29/2012 04:13 PM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
good article...ty for the post
Designr317 (OP)
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12/29/2012 04:16 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
We will enter into another recession because that and it'll will eat up 5% of our GDP with official unemployment of 12%
 Quoting: Anonymous Coward 28502453



We'll be lucky if that's all it does. No one is even seriously looking at this! People are starving in Greece, and those with doctorates are scavenging in dumpsters.

Even simpler: This is like a Band-Aid on the tiniest edge of Bayou Corne. Turn around and see the MASSIVE sinkhole behind you. Whenever someone is mesmerizing you with one hand, look to see where the other hand is.

This should be tomorrow's headline and taught in every high school in our nation.

I'm glad someone is paying attention, and Hey, thanks for the stars!

hf
"For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future."
Jeremiah 29:11


"Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid."
John 14:27
2cents

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12/29/2012 04:17 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
"Good Karma" I.O.U.......just because
Designr317 (OP)
General

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12/29/2012 04:56 PM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
"Good Karma" I.O.U.......just because
 Quoting: 2cents


Thank you...!

I hope people read this. There is no fairy Godmother going to swoop in to save us. Our country suffers from the "the way it's always been" syndrome. We honestly think WE are too big to fail. Lalalalalaaaaaa.....

Meanwhile the world is watching and hoping that we do, so they can swoop in and savage the pieces.
"For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future."
Jeremiah 29:11


"Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid."
John 14:27
RedWhiteandBrew (OP)

User ID: 21132063
United States
12/30/2012 01:01 AM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
First post, so please cut me some slack here.
I looked everywhere and I don't see where anyone has posted this yet.

This is chilling! Even more chilling than your first post on GLP!!

This ad nauseum mention of the "Fiscal Cliff" is NOTHING compared to what is most probably coming!!!

STOP looking at the Fiscal Cliff and see what's coming behind it.

[link to www.canadafreepress.com]

Snippet:
"The fiscal cliff is a less a crisis than a creation that diverts the attention of policymakers, the media and the public away from the big picture abyss that threatens the United States and shifts focus to the smaller and more immediate tax and spending debate associated with the year-end expiration of the Bush tax cuts.

The central problem facing the U.S. that few understand is the growing systemic risk from the unsustainable trajectory of deficit spending and debt accumulation and the $225 trillion derivatives exposure largely held by a handful of U.S. banks that are too big to fail."
 Quoting: Designr317


We aren't just going over the cliff, we've been shot in the back and pushed over.bump
Living for the Christ
Anonymous Coward
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United States
12/30/2012 03:01 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
So funny, all this riot over pieces of paper. You know, life wasn't meant to be spent this way.

Little or big, it is paper. People spend their whole lives slaving for it and never take a minute to enjoy what living really means.

Its not fancy things or items. It's free. I do it everyday.
Anonymous Coward
User ID: 31135390
Germany
12/30/2012 05:39 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
scheming ohyeah ohno
Anonymous Coward
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Germany
12/30/2012 05:47 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
[link to deutsche-wirtschafts-nachrichten.de]
Anonymous Coward
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United States
12/30/2012 07:13 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
Obama is hell bent on destroying the United States as soon as possible. We have been taken over by a radical Communist that makes Stalin look like child's play.

Republicans are trying to cope with no powers - and criticizing Boehner is like criticizing a lion for not hunting antelope because he's in a cage. So...the Republicans eat their own while Obama rubs his slimy hands together with an evil smirk.

Glenn Beck outlined what was going to happen a long time ago.

GLP'ers are like : It's the Illuminati, TPTB, red flag, hoax blah blah blah, anything but the fact we've been taken over by Communist radicals. It's much easier to "play" conspiracy theory than confront the truth.

Many of us are going to die, and soon. Either from violence from fellow Americans or under Obamacare. It will you and yours. Then everyone will be whining about how it's all Dick Cheney's fault, or some stupid ass thing until it's their turn to suffer, whereupon, on their deathbed, they will still be blaming Boehner or Romney or anybody who makes over $50,000 year. That's it.
Anonymous Coward
User ID: 30698070
United States
12/30/2012 07:22 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
So funny, all this riot over pieces of paper. You know, life wasn't meant to be spent this way.

Little or big, it is paper. People spend their whole lives slaving for it and never take a minute to enjoy what living really means.

Its not fancy things or items. It's free. I do it everyday.
 Quoting: Anonymous Coward 2208637


My brother and sister in law are pretty well off, own their own business. They work over 60 hrs a week. They have ONE daughter. She has MS and they are ruining their own lives so she can be 'taken care of' when they die. They refuse to help their elderly parents or anyone else. They've got tens of thousands of dollars stashed away for the little tyke. Oh, I forgot to tell you, she's not a little tyke. She's in her 20's and working as an intern in Washington DC. She's a pansexual liberal freak bent on saving the planet through GREEN SHIT and thinks HOMOPHOBIA is the greatest threat to mankind. She hates everything that is good and decent in this world, except animals...she loves them. She's militant, probably dangerous, if not to herself, then others, though she drips peace...just like all Progressives.

So...what the hell has my brother and sis in law accomplished with their lives? They've worked their fingers to the bone for years so they could spawn the devil and keep feeding it and keep it in the lap of luxury.

Priorities, priorities, priorities...
Anonymous Coward
User ID: 22489632
United States
12/30/2012 07:25 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
Great post Op. but our derivatives exposure is more like 1200 trillion when its all said and done.

Considering the GDP of the entire planet is only 80 trillion, you should sober up real quick.

We have no choice but to declare a jubilee. It will happen on its own regardless because we are infinitely way way beyond any capacity to fix it.

There is zero obligation and absolutely no point in you paying your bills. Unless you have a bit of the coward slave mentality in you still.

Money is so worthless at this point that its a laugh. How long can they trick the silly sheep??

This year, grow your garden well my friends. Fast approaching is the time when a can of soup will be worth a man's life.
Anonymous Coward
User ID: 24068631
United States
12/30/2012 07:28 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
Gotta destroy the old world ruling systems to bring in the Brave New World. ( ancient aliens gospel comes) Money what is money in a loving free energy world ruled by demi gods that give us supernatural tech? This is all pre planned. The Obama's of the world are simply doing their part to bring in this golden era. BEWARE of what you call GOOD!
>>KiLLUMiNATi<<
User ID: 18311386
Australia
12/30/2012 07:30 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
Money=Debt, plain & simple
>
Money As Debt - Full Length Documentary
[link to www.youtube.com]
>
>
[link to www.usdebtclock.org]
Anonymous Coward
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Germany
12/30/2012 07:31 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
[link to www.siliconvalleywatcher.com]

The Size of Derivatives Bubble = $190K Per Person on Planet


The population of the whole planet is about 6 billion people. So the derivatives market alone represents about USD 190,000 per person on the planet.
Anonymous Coward
User ID: 19774795
United States
12/30/2012 07:32 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
Gotta destroy the old world ruling systems to bring in the Brave New World. ( ancient aliens gospel comes) Money what is money in a loving free energy world ruled by demi gods that give us supernatural tech? This is all pre planned. The Obama's of the world are simply doing their part to bring in this golden era. BEWARE of what you call GOOD!
 Quoting: Anonymous Coward 24068631


Hmm I'm watching Skyfall and they just used that term, 'brave new world'.




Idk just sayin
GLP55

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12/30/2012 07:53 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
First post, so please cut me some slack here.
I looked everywhere and I don't see where anyone has posted this yet.

This is chilling! Even more chilling than your first post on GLP!!

This ad nauseum mention of the "Fiscal Cliff" is NOTHING compared to what is most probably coming!!!

STOP looking at the Fiscal Cliff and see what's coming behind it.

[link to www.canadafreepress.com]

Snippet:
"The fiscal cliff is a less a crisis than a creation that diverts the attention of policymakers, the media and the public away from the big picture abyss that threatens the United States and shifts focus to the smaller and more immediate tax and spending debate associated with the year-end expiration of the Bush tax cuts.

The central problem facing the U.S. that few understand is the growing systemic risk from the unsustainable trajectory of deficit spending and debt accumulation and the $225 trillion derivatives exposure largely held by a handful of U.S. banks that are too big to fail."
 Quoting: Designr317


spam
GLP
Anonymous Coward
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12/30/2012 07:55 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
"Helllllloooooo....."

*tapping screen*

"No one home?"
 Quoting: Designr317


Yep and the funny thing is the derivatives are worth? You guessed it $0.00.
a watchman for YAHSHUA!
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12/30/2012 08:02 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
APRIL 2, 2008
Credit Default Swaps: A $50 Trillion Problem

[link to moneymorning.com]

October 17, 2008
From Newsweek Magazine
Credit Default Swaps
600,000,000,000,000?

[link to www.thedailybeast.com]

November 23, 2009
A Thriving Market in CDS for Sovereign Debt

[link to blogs.ebusinessware.com]


October 11, 201
Derivatives: The $600 Trillion Time Bomb That's Set To Explode


Do you want to know the real reason banks aren't lending and the PIIGS have control of the barnyard in Europe?

It's because risk in the $600 trillion derivatives market isn't evening out. To the contrary, it's growing increasingly concentrated among a select few banks, especially here in the United States.

In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.

The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).

Derivatives played a crucial role in bringing down the global economy, so you would think that the world's top policymakers would have reined these things in by now - but they haven't.

Instead of attacking the problem, regulators have let it spiral out of control, and the result is a $600 trillion time bomb called the derivatives market.

Think I'm exaggerating?

The notional value of the world's derivatives actually is estimated at more than $600 trillion. Notional value, of course, is the total value of a leveraged position's assets. This distinction is necessary because when you're talking about leveraged assets like options and derivatives, a little bit of money can control a disproportionately large position that may be as much as 5, 10, 30, or, in extreme cases, 100 times greater than investments that could be funded only in cash instruments.

The world's gross domestic product (GDP) is only about $65 trillion, or roughly 10.83% of the worldwide value of the global derivatives market, according to The Economist. So there is literally not enough money on the planet to backstop the banks trading these things if they run into trouble.


Compounding the problem is the fact that nobody even knows if the $600 trillion figure is accurate, because specialized derivatives vehicles like the credit default swaps that are now roiling Europe remain largely unregulated and unaccounted for.

Tick...Tick...Tick

To be fair, the Bank for International Settlements (BIS) estimated the net notional value of uncollateralized derivatives risks is between $2 trillion and $8 trillion, which is still a staggering amount of money and well beyond the billions being talked about in Europe.

Imagine the fallout from a $600 trillion explosion if several banks went down at once. It would eclipse the collapse of Lehman Brothers in no uncertain terms.

Full article:
[link to moneymorning.com]

Salvation only in Jesus Christ for all eternity in our Heavenly Father's eternal Kingdom in Heaven, will be done on earth as is in Heaven. Those who have ears to hear, listen the Word of God is Holy and True, The Holy Bible, look up for your redemption draws near. In Jesus Christ's Holy and precious name Amen!
Yahshua Ha'Mashiach is King of Kings and Lord of Lords, get right with God Almighty, YAH is salvation! We give you praise and glory in your Holy name Amen!
OVRANALYZE

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United States
12/30/2012 08:06 AM

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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
yep prepare yourselves
Anonymous Coward
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Canada
12/30/2012 08:10 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
First post, so please cut me some slack here.
I looked everywhere and I don't see where anyone has posted this yet.

This is chilling! Even more chilling than your first post on GLP!!

This ad nauseum mention of the "Fiscal Cliff" is NOTHING compared to what is most probably coming!!!

STOP looking at the Fiscal Cliff and see what's coming behind it.

[link to www.canadafreepress.com]

Snippet:
"The fiscal cliff is a less a crisis than a creation that diverts the attention of policymakers, the media and the public away from the big picture abyss that threatens the United States and shifts focus to the smaller and more immediate tax and spending debate associated with the year-end expiration of the Bush tax cuts.

The central problem facing the U.S. that few understand is the growing systemic risk from the unsustainable trajectory of deficit spending and debt accumulation and the $225 trillion derivatives exposure largely held by a handful of U.S. banks that are too big to fail."
 Quoting: Designr317


bump
Anonymous Coward
User ID: 16553869
United States
12/30/2012 08:16 AM
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Re: "The Fiscal Cliff is a Diversion from the Real Problem"
yep prepare yourselves
 Quoting: OVRANALYZE


Probably the most mind boggling crime in earth's history.

Right in plane view of everyone, the collective evil involved is beyond psychopathia.

News