A Shocking Picture Illustrates The Derivatives Armageddon

They say one picture is worth a thousand words, how about $228 Trillion!

http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

To understand who is behind this corporate takeover of the American economy, we have to look towards London, and the LIBOR (London Interbank Offered Rate) system which controls the derivatives market (mostly overnight currency swaps Euro vs Dollar).

As the world’s most important benchmark interest rate, the Libor is used as a reference rate for hundreds of trillion dollars worth of commercial and consumer loans, derivatives, and other financial products across the globe.

The derivatives market is a zero-sum game in which there is a loser for every winner, so all of the fraudulent profits that banks and traders earned from manipulating the Libor came at the expense of other unwitting parties that were on the other side of their trades. Many of these losing counterparties were not savvy speculators or banks, but parties such as U.S. municipal governments that lost approximately $10 billion on their derivative hedges and U.S. homeowners who paid higher mortgage rates as a result of the manipulations.

http://www.forbes.com/sites/jessecolombo/2014/06/03/this-new-libor-scandal-will-cause-a-terrifying-financial-crisis/ 

Wake up American, we are under corporate attack. If they control the money, the constitution will not matter. It’s time we whip the money changers.