Källa

Jag, Henning Witte, har lärt mig mycket av den amerikanska advokaten och bankexperten Ellen Brown, som jag hade den stora äran att få möta personligen i Stockholm för ca 10 år sedan. Att hon är farlig för den Djupa staten märks bl a på att Google har tagit bort hennes hemsida från sökresultaten.

Ellen Brown varnar nu att de finansiella massförstörelsevapen bankderivater förstärker dagens bankkris värre än vad de gjorde 2008. Ingen vet hur många derivatkontrakt som finns hos världens banker, därför att de får hemlighålla detta, de behöver inte tas med i bankernas bokföring och korrumperade balansräkningar! Snyggt, de farligaste finansinstrument som driver på inflationen och som är som ett casinospel på en travbana kan hemlighållas! Detta strider mot alla berörda lagar. Men eftersom bankerna har makten genom att de okontrollerad får producera pengar utan kostnad, Fiat pengar, så kan de göra vad de vill.

Ellen Brown skriver under rubriken:

The Looming Quadrillion Dollar Derivatives Tsunami

"Technically, the cutoff for SIFIs (systemrelevanta banker) is $250 billion in assets. However, the reason they are called “systemically important” is not their asset size but the fact that their failure could bring down the whole financial system. That designation comes chiefly from their exposure to derivatives, the global casino that is so highly interconnected that it is a “house of cards.” Pull out one card and the whole house collapses. SVB held $27.7 billion in derivatives, no small sum, but it is only .05% of the $55,387 billion ($55.387 trillion) held by JPMorgan, the largest U.S. derivatives bank.  ....

Meanwhile, this column focuses on derivatives and is a followup to my Feb. 23 column on the “bail in” provisions of the 2010 Dodd Frank Act, which eliminated taxpayer bailouts by requiring insolvent SIFIs to recapitalize themselves with the funds of their creditors.  .....

“Financial Weapons of Mass Destruction”

In 2002, mega-investor Warren Buffett wrote that derivatives were “financial weapons of mass destruction.” At that time, their total “notional” value (the value of the underlying assets from which the “derivatives” were “derived”) was estimated at $56 trillion. Investopedia reported in May 2022 that the derivatives bubble had reached an estimated $600 trillion according to the Bank for International Settlements (BIS), and that the total is often estimated at over $1 quadrillion. No one knows for sure, because most of the trades are done privately.

As of the third quarter of 2022, according to the “Quarterly Report on Bank Trading and Derivatives Activities” of the Office of the Comptroller of the Currency (the federal bank regulator), a total of 1,211 insured U.S. national and state commercial banks and savings associations held derivatives, but 88.6% of these were concentrated in only four large banks: J.P. Morgan Chase ($54.3 trillion), Goldman Sachs ($51 trillion), Citibank ($46 trillion), Bank of America ($21.6 trillion), followed by Wells Fargo ($12.2 trillion). A full list is here. Unlike in 2008-09, when the big derivative concerns were mortgage-backed securities and credit default swaps, today the largest and riskiest category is interest rate products.  .....

Like at a race track, players can bet although they have no interest in the underlying asset (the horse). This has allowed derivative bets to grow to many times global GDP and has added another element of risk: if you don’t own the barn on which you are betting, the temptation is there to burn down the barn to get the insurance. The financial entities taking these bets typically hedge by betting both ways, and they are highly interconnected. If counterparties don’t get paid, they can’t pay their own counterparties, and the whole system can go down very quickly, a systemic risk called “the domino effect.” .  ....

Risks Hidden in the Shadows

Derivatives are largely a creation of the “shadow banking” system, a group of financial intermediaries that facilitates the creation of credit globally but whose members are not subject to regulatory oversight. The shadow banking system also includes unregulated activities by regulated institutions. It includes the repo market, which evolved as a sort of pawn shop for large institutional investors with more than $250,000 to deposit. The repo market is a safe place for these lenders, including pension funds and the U.S. Treasury, to park their money and earn a bit of interest. But its safety is insured not by the FDIC but by sound collateral posted by the borrowers, preferably in the form of federal securities. .....

While it is true that banks create the money they lend simply by writing loans into the accounts of their borrowers, they still need liquidity to clear withdrawals; and for that they largely rely on the repo market, which has a daily turnover just in the U.S. of over $1 trillion. British financial commentator Alasdair MacLeod observes that the derivatives market was built on cheap repo credit. But interest rates have shot up and credit is no longer cheap, even for financial institutions.

According to a December 2022 report by the BIS, $80 trillion in foreign exchange derivatives that are off-balance-sheet (documented only in the footnotes of bank reports) are about to reset (roll over at higher interest rates). Financial commentator George Gammon discusses the threat this poses in a podcast he calls, “BIS Warns of 2023 Black Swan – A Derivatives Time Bomb.”

 

Se även på WTV:

Alarm: Bankomater i centrala Stockholm begränsade till 2000 kr, bankerna räds uttagsanstormning, bank run;

Bankernas pyramidspel farligt nära kollaps och bail in efter Silicon Valley Banks crash Upd 13.3.;

G20 och Financial Stability Board (FSB) vill stjäla dina besparingar och pensionspengar;

 

Intervjun nedan är saboterat på SwebbTube när man använder Google Chrome. Ta Firefox eller titta på Gab:

https://gab.com/Nordic_Awakening/posts/110063103726810517