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Paul A Drockton M.A. : Parties You Weren't Invited To

Tuesday, November 6, 2012 14:39

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1. The Credit Default Swap Party:

More than 65% of the estimated 2,000 trillion dollars in derivatives contracts still waiting to be paid out are on Credit Default Swap contracts. Simply stated, these are bets against bonds and other debt. The holder puts down a pittance and gets paid the full face value when the targeted bond goes into default.

By the way, he or she doesn’t have any ownership in the actual debt itself. This is simular to you buying a fire insurance policy on your neighbor’s home without his knowledge or consent. When the place burns down, nobody suspects you because derivatives contracts are too complicated for the average person to understand (wink, wink, nod, nod).

You only need 10 million dollars to crash this exclusive party, and the ability to place your own interests above those of your country and economy. Its all about making money on other people’s misery.

Costume Requirements: Mitty Romney masks are in style this year since his hedge funds specialize in Credit Default Swaps and he is the master of putting his personal interests above those of his country. Obama masks are so last year, since Wall Street is now backing one of its own. Google Sankaty advisors and Mitt Romney for entrance requirements.

2. The Free Market Shill Game:

This game is ongoing and can be played anywhere in the United States. Your job is to open up factories overseas, or partner with Communist China in a slave labor factory. The goal is to eliminate all trade barriers (tariffs) and open up the biggest consumer country in the world to massive dumping from unscrupulous multi-national corporations.

You win when everyone over age 18 is working at Wal-Mart or some other big box retailer selling your cheap foreign imports. Or, when your factories can employ children between the age of 8 and 12 years of age for twelve hour days. Both Democrats and Republicans are skilled opponents, so the competition might be a little tough.

3. The Bankster Halloween Bash:

This is the most exclusive party of all this halloween. Attendees can expect windfall checks from Central banks placed around the world that profit off of the creation of paper money for the dupes and sheeple. This year’s event is transferring all bank liability, including derivatives, to FDIC accounts. JP Morgan is the clear cut winner, after managing to stay open with over 70 trillion dollars of derivatives exposure. Bank of America is a close second with 54 trillion. Both banks are clear winners, however, by transferring that debt to the American Taxpayer through the Federal Deposit Insurance Corporation.

The Party really kicks off when the Fed starts raising interest rates and bond defaults lead to Credit Default Swaps’ massive payouts.

4. The Dollar Bonfire of the Vanities: This is the only party you will be invited to attend. As a result of FDIC exposure to hundreds of trillions of dollars in derivatives payouts, the dollar will be trashed and people everywhere will be burning it to keep their houses warm. Hyper-inflation will burn out of control and their Phoenix will rise from the ashes.

5. The Put Option Party: This is the quiet derivative. When the stock market collapses, your mutual funds and pension plans will be on the losing end. So will Berkshire Hathaway and most ETFs. Someone has to take the bet against your money. Index Options, which were illegal until the mid-80s, now allow the 1% to bet against the entire S&P 500.

The only people that will not be affected by the above will be those wise enough to convert their paper currency into food, protection, and precious metals.

More in the Next Newsletter… I will also discuss this on my radio show.

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