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| 08:10 AM | ||
| Users Online Now: 1,680 (Who's On?) | Visitors Today: 405,617 | |
| Pageviews Today: 654,425 | Threads Today: 212 | Posts Today: 3,942 |
| 08:10 AM | ||
1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM | |
| Anonymous Coward User ID: 33279976  United States07/01/2013 02:46 PM Report Abusive Post Report Copyright Violation | |
Uncle Fuck Stick (OP) User ID: 40018660 United States07/01/2013 02:48 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM [link to en.wikipedia.org (secure)] Quoting: Uncle Fuck Stick Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.[1] It can involve "wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties".[2] In legal terms, all acts affected by collusion are considered void [link to www.bangkokpost.com] The European Commission said on Monday it suspected that 13 top investment banks including Barclays, Deutsche Bank and Goldman Sachs, colluded over derivatives trading in breach of EU antitrust rules. A preliminary investigation showed that banks colluded to exclude exchanges from the over-the-counter market because they feared involvement by the exchanges "would have reduced their revenues from acting as intermediaries," the Commission said. The banks instead allegedly continued over-the-counter trading in the massive credit default swaps (CDS) market between 2006 and 2009 -- an opaque business that was seen as contributing to the global financial crisis, the Commission said in a statement. The EU's Competition Commissioner Joaquin Almunia said the banks would now have the chance to respond to the accusations, and that if the charges were confirmed once the investigation was completed they could face fines. "If it is confirmed that banks collectively blocked exchanges from the derivatives market, the Commission could decide to impose sanctions," Almunia said at a press briefing. "Exchange trading of credit derivatives improves market transparency and stability," he said, adding that collusion between the banks to prevent this type of trading would be "a serious breach of our competition rules". Bangkokpost ?! [link to www.bangkokpost.com] No european news agency write about it?? i saw a few like uk. reuters.... i wouldnt be suprized if this gets buryed as quickly as possible...just last september bloomberg admitted the u.s. big banks had over 650 trillion in derivitives exposure.. positive speculation and the lies feeding it is the only thing keeping this zombie economy alive...expose the lie and we got a shitstorm :4hlick: |
| Anonymous Coward User ID: 40051105  Sweden07/01/2013 02:52 PM Report Abusive Post Report Copyright Violation | |
| Uncle Fuck Stick (OP) User ID: 40018660 United States07/01/2013 02:55 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM article from september 2012 NOT ENOUGH BONDS TO BACK DERIVATIVES BETS [link to www.businessweek.com] Starting next year, new rules will force banks, hedge funds, and other traders to back up more of their bets in the $648 trillion derivatives market by posting collateral. While the rules are designed to prevent another financial meltdown, a shortage of Treasury bonds and other top-rated debt to use as collateral may undermine the effort to make the system safer. :4hlick: |
| Rawfox User ID: 42625658  Germany07/01/2013 03:01 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 42627968  Poland07/01/2013 03:01 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 42095518 United States07/01/2013 03:05 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM This could be related news. Quoting: Anonymous Coward 42501238 Supposedly, last Friday Snowden was granted immunity from prosecution by Chief Justice Roberts. Due to the info Snowden has "delivered" regarding the NSA, it has been able to be determined that an NSA-run banking cartel and the Federal Reserve used criminal bank technology to hide and disguise and misuse Wanta-Reagan-Mitterrand Protocol funds using electronic digital cross-referencing to create account numbers. A U.S. Military Grand Jury has been convened and sealed indictments have been issued. This mechanism avoids the need to involve U.S. Attornry General Holder or NSA chief and, thus, justice might actually be served. Before Its N_ws Heneghan States Snowden Granted Immunity – Treasonous NSA Now Cornered – 6-30-13 Most stories that use derogatory character terms to describe the people involved are BS. The story says 70% of congress fingered for insider trading. Insider trading is legal for congress. LOL |
| Hypertiger User ID: 12277324  Canada07/01/2013 03:17 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Regulation? fixed unfree markets? you all do not like the unregulated broken free markets? back in 1971 under the Bretton woods rules of the game that you blithering idiots do not comprehend. you need masses of blithering idiots for a free market to work. anyways. when the rest of the world demanded the USA to supply 1/1000000000th of an ounce at 35 dollars an ounce. and there was no way to supply gold at that price because all the gold mines could not produce gold at that price anymore. according to the rules of Bretton woods...the USA along with the entire global trade system should have collapsed to oblivion. fortunately the rules were changed from a fixed exchange rate system to a variable rate system an the fate of the blithering morons that have no clue was postponed until 2008. When the USA ran out of something other than gold which you can not burn in a gas tank. Which takes more than a rule change to the game all you blithering morons play to cheat death. They are all colluding to sustain the system. but now that the system has reached maximum potential and is collapsing. The colluders can be exposed for all you blithering morons to see and think are the cause of the problem. they are only an effect...they are not the cause. the cause of the collapse is taking more than you give. consuming resources faster than they are being produced. chopping down trees faster than they regrow. until the trees run out. and the music stops. and then those with chairs will blame those without chairs. The banks are all fronts. as long as you all think banking is good but has been taken over and run by crooks. The banking system can be collapsed and new banks can be built and run by crooks until the music stops exposing the patsies you all think are the culprits. while the owners of the system escape. over and over again all through out history. the winners write the history the losers are sent to school to read and be tested on to see if they were fooled. and you all passed with flying colors. |
| Sikhed User ID: 39435009 United States07/01/2013 03:23 PM Report Abusive Post Report Copyright Violation | |
| shyrlymyrly User ID: 42463997  Estonia07/01/2013 03:44 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 16893270 United States07/01/2013 03:59 PM Report Abusive Post Report Copyright Violation | |
| sadhuman User ID: 42530004 United States07/01/2013 04:06 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 5680645  United Kingdom07/01/2013 04:07 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Quintillion. Quoting: Mickeyblue 9806228 Regardless the total GDP of the world is something like 80trillion which is something like 177.4th of the 1.5Quadrillion. ONE THOUSAND TRILLION IS A QUADRILLION [link to en.wikipedia.org (secure)] o then is 250 trillion a rillion? |
| Anonymous Coward User ID: 25720208 United States07/01/2013 04:18 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM EVERY financial market is being manipulated by these criminal Banksters!!!!! They're pulling out all the stops in a desperate effort to keep their digital fiat dollar and self-purchased Treasury bonds "Ponzi scheme" going!!!!! |
| Anonymous Coward User ID: 42652756 United States07/01/2013 04:30 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 25050963 United States07/01/2013 04:34 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM what's after a quadrillion? Quoting: Anonymous Coward 42496274 used to be billions in the 70's now we've even past trillions....petty cash nowadays what's after a quadrillion? Quoting: Anonymous Coward 42496274 used to be billions in the 70's now we've even past trillions....petty cash nowadays Quintillions. |
| Anonymous Coward User ID: 42620968 Germany07/01/2013 04:44 PM Report Abusive Post Report Copyright Violation | |
| Saddletramp User ID: 11118 United States07/01/2013 04:45 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Banks...Colluding?!?!? Say it ain't so... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 1195413 United States07/01/2013 05:07 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Regulation? fixed unfree markets? Quoting: Hypertiger you all do not like the unregulated broken free markets? back in 1971 under the Bretton woods rules of the game that you blithering idiots do not comprehend. you need masses of blithering idiots for a free market to work. anyways. when the rest of the world demanded the USA to supply 1/1000000000th of an ounce at 35 dollars an ounce. and there was no way to supply gold at that price because all the gold mines could not produce gold at that price anymore. according to the rules of Bretton woods...the USA along with the entire global trade system should have collapsed to oblivion. fortunately the rules were changed from a fixed exchange rate system to a variable rate system an the fate of the blithering morons that have no clue was postponed until 2008. When the USA ran out of something other than gold which you can not burn in a gas tank. Which takes more than a rule change to the game all you blithering morons play to cheat death. They are all colluding to sustain the system. but now that the system has reached maximum potential and is collapsing. The colluders can be exposed for all you blithering morons to see and think are the cause of the problem. they are only an effect...they are not the cause. the cause of the collapse is taking more than you give. consuming resources faster than they are being produced. chopping down trees faster than they regrow. until the trees run out. and the music stops. and then those with chairs will blame those without chairs. The banks are all fronts. as long as you all think banking is good but has been taken over and run by crooks. The banking system can be collapsed and new banks can be built and run by crooks until the music stops exposing the patsies you all think are the culprits. while the owners of the system escape. over and over again all through out history. the winners write the history the losers are sent to school to read and be tested on to see if they were fooled. and you all passed with flying colors. Hey asswipe, you make it sound as if this all being done for the people and we should be thankful they didn't let the system collapse. But you sir, are full of shit. This is being done for those in control of the system because when it collapses, they become just like the rest of us. And you are clueless as to what is really going on; humans are cattle, plain and simple. |
| Anonymous Coward User ID: 4279743 United States07/01/2013 05:08 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Apparently the filmmaker is filing suit in 3rd circuit- same allegations of fraud etc- with one twist He says every 6% fixed mortgage (example) is 580% year 1 104% year 5 and 6% in 30th year So that is a novel and simple usurious felony I can get behind! [link to www.ChasingJPMorgan.com] And he is a GLP guy so lets all take action in our own way ( if you own a home) He is filing a PRIVATE CRIMINAL COMPLAINT against Jaime Dimon personally for fraud as per Sarbanes Oxley criminal provisions for CEO!!! How AWESOME is that? LOL |
| Anonymous Coward User ID: 23400158 United States07/01/2013 05:17 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Indeed! Please pray for Uncle Fuck Stick  [link to www.godlikeproductions.com] |
| Saddletramp User ID: 11118 United States07/01/2013 05:19 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Tomorrow the Fed votes on Basel III... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 23400158 United States07/01/2013 05:19 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Regulation? fixed unfree markets? Quoting: Hypertiger you all do not like the unregulated broken free markets? back in 1971 under the Bretton woods rules of the game that you blithering idiots do not comprehend. you need masses of blithering idiots for a free market to work. anyways. when the rest of the world demanded the USA to supply 1/1000000000th of an ounce at 35 dollars an ounce. and there was no way to supply gold at that price because all the gold mines could not produce gold at that price anymore. according to the rules of Bretton woods...the USA along with the entire global trade system should have collapsed to oblivion. fortunately the rules were changed from a fixed exchange rate system to a variable rate system an the fate of the blithering morons that have no clue was postponed until 2008. When the USA ran out of something other than gold which you can not burn in a gas tank. Which takes more than a rule change to the game all you blithering morons play to cheat death. They are all colluding to sustain the system. but now that the system has reached maximum potential and is collapsing. The colluders can be exposed for all you blithering morons to see and think are the cause of the problem. they are only an effect...they are not the cause. the cause of the collapse is taking more than you give. consuming resources faster than they are being produced. chopping down trees faster than they regrow. until the trees run out. and the music stops. and then those with chairs will blame those without chairs. The banks are all fronts. as long as you all think banking is good but has been taken over and run by crooks. The banking system can be collapsed and new banks can be built and run by crooks until the music stops exposing the patsies you all think are the culprits. while the owners of the system escape. over and over again all through out history. the winners write the history the losers are sent to school to read and be tested on to see if they were fooled. and you all passed with flying colors. Hey asswipe, you make it sound as if this all being done for the people and we should be thankful they didn't let the system collapse. But you sir, are full of shit. This is being done for those in control of the system because when it collapses, they become just like the rest of us. And you are clueless as to what is really going on; humans are cattle, plain and simple.  And don't fuck with Hypertiger! |
| Saddletramp User ID: 11118 United States07/01/2013 05:21 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM There was some Colludin' goin' on... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| SteamrolledGobias User ID: 15716609 United States07/01/2013 05:23 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM what's after a quadrillion? Quoting: Anonymous Coward 42496274 used to be billions in the 70's now we've even past trillions....petty cash nowadays Billion trillion quadrillion quintillion sextillion septillion octillion what comes next??? [link to answers.yahoo.com] |
| TOTRhombus User ID: 38804434 United States07/01/2013 05:33 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 36946570 United States07/01/2013 05:53 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 36946570 United States07/01/2013 05:54 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Regulation? fixed unfree markets? Quoting: Hypertiger you all do not like the unregulated broken free markets? back in 1971 under the Bretton woods rules of the game that you blithering idiots do not comprehend. you need masses of blithering idiots for a free market to work. anyways. when the rest of the world demanded the USA to supply 1/1000000000th of an ounce at 35 dollars an ounce. and there was no way to supply gold at that price because all the gold mines could not produce gold at that price anymore. according to the rules of Bretton woods...the USA along with the entire global trade system should have collapsed to oblivion. fortunately the rules were changed from a fixed exchange rate system to a variable rate system an the fate of the blithering morons that have no clue was postponed until 2008. When the USA ran out of something other than gold which you can not burn in a gas tank. Which takes more than a rule change to the game all you blithering morons play to cheat death. They are all colluding to sustain the system. but now that the system has reached maximum potential and is collapsing. The colluders can be exposed for all you blithering morons to see and think are the cause of the problem. they are only an effect...they are not the cause. the cause of the collapse is taking more than you give. consuming resources faster than they are being produced. chopping down trees faster than they regrow. until the trees run out. and the music stops. and then those with chairs will blame those without chairs. The banks are all fronts. as long as you all think banking is good but has been taken over and run by crooks. The banking system can be collapsed and new banks can be built and run by crooks until the music stops exposing the patsies you all think are the culprits. while the owners of the system escape. over and over again all through out history. the winners write the history the losers are sent to school to read and be tested on to see if they were fooled. and you all passed with flying colors.  |
| Anonymous Coward User ID: 590644 United States07/01/2013 05:59 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM One "dollar" now equal to one billionth bit coin... what's after a quadrillion? Quoting: Anonymous Coward 42496274 used to be billions in the 70's now we've even past trillions....petty cash nowadays Billion trillion quadrillion quintillion sextillion septillion octillion what comes next??? [link to answers.yahoo.com] |
| Silverback User ID: 34824987 United States07/01/2013 06:06 PM Report Abusive Post Report Copyright Violation | |
