ADDENDUM The IMF estimated in 2012 that the global elite has hidden 18 trillion dollars in off-shore banks

Abstract: Just as planned by Adam Weishaupt and recorded in the Protocols of the Elders of Zion, Rothschild’s Fed and his Wall Street banks the created the 2008 financial / economic crisis running in the direction of global economic collapse with unemployment, dismantling of the welfare state, wrath of the peoples with riots, chaos and deep distress in Europe. After the successful creation of chaos and the rise of Sharia law in Africa and the Middle East, The Danish Red Cross is now preparing us  for uprisings in Europe. Already, the Red Cross has no more money for missions outside of Europe - the Greeks and Spaniards being supplied with aid, instead! Bad is that

“The Economic Collapse”, however, writes that a far worse collapse of world economy is imminent. Just like the 2008 crisis this coming giant crisis is triggered by the reckless derivatives trading of the Illuminati banks. Four very large U.S. banks “represent 93% of the notional amounts of the total banking industry and 81% of the industry´s  current net credit exposure.” A crash of these reckless banks would almost certainly cause the entire U.S. economy to crash and burn. (However, fortunately the taxpayers can be slaughtered again).

JPMorgan Chase: Total Assets: $1,812,837,000,000 (just over 1.8 trillion dollars). Total Exposure To Derivatives: $69,238,349,000,000 (more than 69 trillion dollars).
Citibank: Total Assets: $1,347,841,000,000 (a bit more than 1.3 trillion dollars). Total Exposure To Derivatives: $52,150,970,000,000 (more than 52 trillion dollars).
Bank Of America: Total Assets: $1,445,093,000,000 (a bit more than 1.4 trillion dollars). Total Exposure To Derivatives: $44,405,372,000,000 (more than 44 trillion dollars).
Goldman Sachs: Total Assets: $114,693,000,000 (a bit more than 114 billion dollars - yes, you read that correctly). Total Exposure To Derivatives: $41,580,395,000,000 (more than 41 trillion dollars). Goldman Sachs has advantage over other banks because it has awesome connections in US Government. A lot of former Goldman employees hold high-level
US Government positions.

That means that the total exposure that Goldman Sachs has to derivatives contracts is more than 362 times greater than their total assets. Swaps that will be allowed to remain outside clearinghouses when new rules take effect in 2013 will require traders to post $1.7 trillion to $10.2 trillion in margin, according to a report by an industry group. Total U.S. GDP was just a shade over 15 trillion dollars last year. Unfortunately, no matter how banks respond to the new rules, it isn’t going to prevent the coming derivatives panic.

Brookings is the U.S. think tank that has for 70 years been laying down U.S. governmental policy. Nonetheless, this Illuminati-Institution says unabashedly, “The trillion dollar plus wars that followed 9/11 (to make room for Rothschild central banks in these “rogue states”) contributed to a period that saw a broadening gulf between expenditures and revenues, and a 2007-09 Great Recession and financial crisis that would push the U.S. national debt from just under 6 trillion dollars and 60 percent of the country’s Gross Domestic Product (GDP) on 9/11 to over 15 trillion dollars and 100 percent of GDP in 2012.

Between four to six trillion dollars have been wasted on both wars according to Professor Linda Bilmes from the Harvard Kennedy School. That is between 30-40% of the U.S. deficit. So the wars in Afghanistan and Iraq have both been fought by borrowing money (That is why NWO wars are waged). It is a likely scenario that the U.S. has got itself so deep in trouble because of the war on al Qaeda that it would bring its demise.”

Not without reason, Jewish Henry Makow quotes on 10 May. 2012: “Most Jews do not like to admit it, but our god is Lucifer - so I was not lying - and we are his chosen people. Lucifer is very much alive.”. Jewish Illuminist Harold Rosenthal, assistant to Sen. Jacob Javits of New York.

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The Final Victory of the Moneymasters: New Derivative Collapse Underway

“By this plan we shall direct all mankind. In this manner, and by the simplest means, we shall set in motion and in flames. The occupations must be allotted and contrived, that we may in secret, influence all political transactions.” And furthermore: “Princes and nations will disappear without violence from the earth. The human race will then become one family, and the world will be the dwelling of rational men.” (Adam Weishaupt quoted by David Allen Rivera, “The Final Warning”).

The Danish Red Cross expects rebellions in South Europe due to poverty – and must now support South European Red Cross instead of giving aid to the needy outside Europe (Ekstrabladet 1 Jan 2013)

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Rothschild-dynasty

The world is on its way into poverty – and famine even in the UK and starvation is spreading worldwide – whether due to Rothschild´s Glencore and here, or Rothschild and Soros´ purchases of farmland for speculation or Rothschild´s Goldman Sachs´ GSCI grain speculations and helpfulness to give defaulting countries access to loans against the income sources of those countries as collaterals with taxpayer bail-out gifts or the robbing via the Rothschild agents´climate exchanges, or via Rothschild´s Global Environmental Facility and World Bank´s “redistribution” of  many billions of dollars from rich, i.e. increasingly poor, countries as “climate mitigation”.This means fees and thefts for these banks and corruption of the dictators of the LDC countries as “climate mitigation” for a non-existing “global warming” – not to mention the wars against (homemade and here) terror against so-called rogue states, i.e. states without a Rothschild central bank and here – banks which make money out of thin air – lend it to their host states, creating dependence and debts so huge that they can never be paid back. Nor can in many cases the interest. Of course, there is the euro and dollar crises, and they are due to Rothschild´s Wall Street banks. To this comes the strategy of planned and here –  mass immigration to destroy Christianity, and nation state and national economies  for Rockefeller/Rothschild´s one world governance – costing 30% of Denmark´s and Sweden´s national budgets.

Ellen Brown Global Res. 30 Dec. 2012 spells out how the financial crisis devastating the world today was launched by the Rothschild-owned FED and the Rothschild/Rockefeller agent JP Morgan, which was insolvent due to its sick derivative trading: It butchered Bear Stearn´s shares at the NYSE at the cost of stockholders: Teachers pension fund and Bear Stearns employees were severely by hostile speculation to bring the price of Bear Stern´s shares down from 70 to 2 dollars through rumors. JP Morgan saved itself at the cost of Bear Sterns. Then Morgan bought these shares with a FED loan (i.e. taxpayer money) - and earned 55 bn dollars. This started the worldwide financial/economic crisis. Had the loan been given to Bear Sterns the world would have been spared the crisis.

The Guardian 29 Dec. 2012:  Predictions of social unrest and the break-up of civil society have been delivered by the leaders of Newcastle, Liverpool and Sheffield. Reacting to the latest cuts announced to council budgets this month – under which a further 2% of spending reductions were unveiled by the chancellor, George Osborne, in addition to the 28% already in train.

But how much of our wealth has the mastermind behind the above misery appropriated – and how long can the world bear this financial/economic mismanagement?

Derivative undercollateralization_0ZeroHedge 24 Dec. 2012: What is the actual collateral backing this gargantuan financial market which is about 10 times greater than the world’s combined GDP, because as the “derivative” name implies all this exposure is backed on some dedicated, real assets, somewhere. Luckily, the IMF gives the answer in a note titled “Shadow Banking: Economics and Policy”: The bottom line: $600 trillion in gross notional derivatives backed by a tiny $600 billion in real assets: a whopping 0.1% margin requirement! The Fed’ has decided to boost its monetary stimulus (a.k.a. “money printing,” quantitative easing,” or simply “QE”) by another $45 billion a month to a combined $85 billion per month.  The country is borrowing 46 cents (!) out of every dollar that it is spending. My hypothesis here is that the markets are now just a giant and rigged casino to take advantage of this flood of money.

A bit more than 4 million jobs would have to be created just to absorb the folks who left the labor force but presumably would like to work again. It will require two full years of 150,000 jobs per month just to absorb the 4 million missing workers, which means that this QE effort will be with us for a very long time.  Three to four years is my best guess, and that’s only if the economy magically recovers.  And I have very strong doubts about that. This means that the Fed is most likely on track to increase its balance sheet by another $3-4 trillion.

Once upon a time, it would have been considered in bad taste to suggest that the world was being centrally managed in secret by a small-ish cabal of bankers whose actions served to either prop up the excessive spending habits of the very governments that conferred upon them the power to print money, or to bolster the health and profits of the banks they mainly serve.

BIS

The Wall Street Journal 12 Dec. 2012: BASEL, Switzerland—Every two months, more than a dozen bankers meet here on Sunday evenings to talk and dine on the 18th floor of the Tower of Basel, the domicile of the Bank for International Settlements (BIS), Rothschild´s central Bank of the world´s central banks (Right). The BIS is a Tavistock Institute branch (brainwashing) with very wide ramifications. The dinner discussions on money and economics are more than academic. At the table are the chiefs of the world’s biggest central banks, representing countries that annually produce more than $51 trillion of gross domestic product, three-quarters of the world’s economic output.

Of late, these secret talks have focused on global economic troubles and the aggressive measures by central banks to manage their national economies. Since 2007, central banks have flooded the world financial system with more than $11 trillion. Faced with weak recoveries and Europe’s churning economic problems, the effort has accelerated. The biggest central banks plan to pump billions more into government bonds, mortgages and business loans.

The central bankers are, in effect, conducting a high-stakes experiment, drawing in part on academic work by some of the men who studied and taught at the Massachusetts Institute of Technology in the 1970s and 1980s.The Bank of England has agreed to funnel billions of pounds to businesses and households through banks. The European Central Bank pledged to hold down borrowing costs of governments that sought help. The Bank of Japan, 8301.JA -0.22% under increased pressure to fight deflation, is purchasing ¥91 trillion yen ($1.14 trillion) in government bonds, corporate debt and stocks.
Comment: Just imagine which stunning fees and means for speculation then flow tino the central banks for printing money out of thin air!

Vocal critics include economists at the BIS. The central bankers have promised that once the global economy gets back on its feet, they will shut off the spigots quickly enough to forestall inflation. But pulling back so much money, at exactly the right time, could become a political and logistical challenge. “We’re all very conscious that we’re in an environment that’s unusual and we’re using a policy weapon that we don’t have a lot of experience with,” Charles Bean, deputy governor of the Bank of England said in an interview. Economists at the BIS say their warnings of a credit bubble were ignored before the financial crisis. “Nobody took it seriously,” said William White, formerly the top BIS economist. Now, he said, the central banks may again be steering toward long-term troubles in their elusive quest for short-term growth. Central bankers form a tightknit fraternity.

The Economic Collapse 4 dec. 2012: there are very few things that could cause the financial markets to crash harder or farther than a derivatives panic. Unlike stocks and bonds, a derivative is not an investment in anything real.  Rather, a derivative is a legal bet on the future value or performance of something else. Bankers on Wall Street make trillions of dollars of bets about how interest rates will perform in the future and about what credit instruments are likely to default.  Sinking-ship_

Do you know why the largest insurance company in the world, AIG, crashed back in 2008 and required a government bailout?  It was because of derivatives.  Bad derivatives trades also caused the failure of MF Global, and the 6 billion dollar loss that JPMorgan Chase recently suffered because of derivatives made headlines all over the globe.  But all of those incidents were just warm up acts for the coming derivatives panic that will destroy global financial markets. The largest casino in the history of the world is going to go “bust” and the economic fallout from the financial crash that will happen as a result will be absolutely horrific.

According to the federal government, four very large U.S. banks “represent 93% of the total banking industry notional amounts and 81% of industry net current credit exposure.”

Derivatives-asset-charta

A crash of these banks would almost certainly cause the entire U.S. economy to crash and burn.  What is coming is going to be even worse than 2008. It would be hard to overstate the recklessness of these banks.

JPMorgan Chase: Total Assets: $1,812,837,000,000 (just over 1.8 trillion dollars). Total Exposure To Derivatives: $69,238,349,000,000 (more than 69 trillion dollars).
Citibank: Total Assets: $1,347,841,000,000 (a bit more than 1.3 trillion dollars). Total Exposure To Derivatives: $52,150,970,000,000 (more than 52 trillion dollars).
Bank Of America: Total Assets: $1,445,093,000,000 (a bit more than 1.4 trillion dollars). Total Exposure To Derivatives: $44,405,372,000,000 (more than 44 trillion dollars).
Goldman Sachs: Total Assets: $114,693,000,000 (a bit more than 114 billion dollars - yes, you read that correctly). Total Exposure To Derivatives: $41,580,395,000,000 (more than 41 trillion dollars). Goldman Sachs has advantage over other banks because it has awesome connections in US Government. A lot of former Goldman employees hold high-level
US Government positions.

That means that the total exposure that Goldman Sachs has to derivatives contracts is more than 362 times greater than their total assets. Swaps that will be allowed to remain outside clearinghouses when new rules take effect in 2013 will require traders to post $1.7 trillion to $10.2 trillion in margin, according to a report by an industry group. Total U.S. GDP was just a shade over 15 trillion dollars last year. Unfortunately, no matter how banks respond to the new rules, it isn’t going to prevent the coming derivatives panic.  At some point the music is going to stop and some big financial players are going to be completely and totally exposed. When that happens, it might not be just the big banks that lose money.

Us_fed_debt_20c

MF Global has confessed that it “diverted money” from customer accounts that were supposed to be segregated.  A lot of customers may never get back any of the money that they invested with those crooks. Keep an eye on the large Wall Street banks.  A New York Times article entitled “A Secretive Banking Elite Rules Trading in Derivatives” described how these banks dominate the trading of derivatives… According to the article, the following large banks are represented at these meetings: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup. Without a doubt, a derivatives panic is coming.

The greatest risk to US  – and worldwide – economy is the increasing debt to Rothschild´s central banks and here and here.

Cause of US economic collapse
Brookings: The trillion dollar plus wars that followed (9/11) contributed to a period that saw a broadening gulf between expenditures and revenues, and a 2007-09 Great Recession and financial crisis that would push the U.S. national debt from just under six trillion dollars and 60 percent of the country’s Gross Domestic Product (GDP) on 9/11 to over 15 trillion dollars and 100 percent of GDP in 2012.

Between four to six trillion dollars have been wasted on both wars according to Professor Linda Bilmes from the Harvard Kennedy School. That is between 30-40% of the U.S. deficit. So the wars in Afghanistan and Iraq have both been fought by borrowing money. This means that the damage isn’t over as it would be with a war that is already paid for; rather, it would carry on as long as America is still in debt. It is a likely scenario that the U.S. has got itself so deep in trouble because of the war on al Qaeda that it would bring its demise.

Comment
Jewish Henry Makow 10 Oct. 2012: “Most Jews do not like to admit it, but our god is Lucifer — so I wasn’t lying — and we are his chosen people. Lucifer is very much alive.’  Jewish Illuminatus Harold Rosenthal 1976, assistant to Sen. Jacob Javits of New York.

The above is a present day description of what was declared as goals of the NWO in its Talmudic (the “Bible” of Rothschild) abhorrent Protocols of the Learned Elders of Zion. Today the “learned Elders” of Rothschild´s Wall Street and London City with the help of  Rothschild´s central banks are fulfilling the prophecies of these Zionists  (a name also created by Rothschild – see this Rothschild timeline from 1895–1957). Just look what they predicted in 1897 or before:

Protocol 3: 11. THIS HATRED WILL BE STILL FURTHER MAGNIFIED BY THE EFFECTS of an ECONOMIC CRISES, which will stop dealing on the exchanges and bring industry to a standstill. We shall create by all the secret subterranean methods open to us and with the aid of gold, which is all in our hands and here A UNIVERSAL ECONOMIC CRISiS WHEREBY WE SHALL THROW UPON THE STREETS WHOLE MOBS OF WORKERS SIMULTANEOUSLY IN ALL THE COUNTRIES OF EUROPE.

Protocol 5:11. WE SHALL SO WEAR DOWN THE “GOYIM” THAT THEY WILL BE COMPELLED TO OFFER US INTERNATIONAL POWER OF A NATURE THAT BY ITS POSITION WILL ENABLE US WITHOUT ANY VIOLENCE GRADUALLY TO ABSORB ALL THE STATE FORCES OF THE WORLD AND TO FORM A SUPER-GOVERNMENT.

Protocol 20: 3. Our rule, in which the king will enjoy the legal  fiction that everything in his State belongs to him (which may easily be translated into fact), will be enabled to resort to the  LAWFUL CONFISCATION OF ALL SUMS of every kind for the regulation of their circulation in the State.OL-zionolymp

Protocol 13: 6. (When we come into our kingdom) Who will ever suspect then that ALL THESE PEOPLES WERE STAGE-MANAGED BY US ACCORDING TO A POLITICAL PLAN WHICH NO ONE HAS SO MUCH AS GUESSED AT IN THE COURSE OF MANY CENTURIES?

Protocol 6: 1. We shall soon begin to establish huge monopolies, reservoirs of colossal riches, upon which even large fortunes of the GOYIM will depend to such an extent that they will go to the bottom together with the credit of the States on the day after the political smash.  SPECULATION IS TO TRANSFER INTO OUR HANDS ALL THE MONEY OF THE WORLD , AND THEREBY THROW ALL THE GOYIM INTO THE RANKS OF THE PROLETARIAT.

Protocol 20: 20. ECONOMIC CRISES HAVE BEEN PRODYCED BY US FOR THE GOYIM BY NO OTHER MEANS THAN THE WITHDRAWAL OF MONEY FROM CIRCULATION FROM STATES, which were constantly obliged to apply to those same stagnant capitals for loans. tHESE LOANS BURDENED THE FINANCES OF THE STATES WITH THE PAYMENT OF INTEREST AND MADE THEM THE BOND SLAVES OF THESE CAPITALS

The superficiality of GOY kings on their thrones in regard to State affairs and the venality of ministers or the want of understanding of financial matters on the part of other ruling persons have made their countries debtors to our treasuries to amounts quite impossible to pay