Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Here's why April 1 is IMPORTANT

% of readers think this story is Fact. Add your two cents.


Here’s why April 1 is IMPORTANT

Reply Quote 

 Printer Friendly



lol..lol…BYE..BYE..BANKSTERS…NOW I SEE WHAT APRIL 1 IS THE TARGET DATE >>>>If you were wondering why the Big Banks were fighting so hard against The Volcker Rule over the past 5 years you are about to find out. As of Tuesday, April 1, 2014, the rule goes into effect.

OCC: Volcker Rule: Final Regulations
http://www.occ.gov/news-issuances/bulletins/2014/bulletin-2014-9.html
Highlights The final regulations

prohibit banks from engaging in short-term proprietary trading of certain securities, derivatives commodity futures, and options on these instruments for their own accounts.
impose limits on banks’ investments in, and other relationships with, hedge funds and private equity funds.
provide exemptions for certain activities, including market making-related activities, underwriting, risk-mitigating hedging, trading in government obligations, insurance company activities, and organizing and offering hedge funds and private equity funds.
clarify that certain activities are not prohibited, including acting as agent, broker, or custodian.
scale compliance requirements based on the size of the bank and the scope of the activities. Larger banks are required to establish detailed compliance programs and their chief executive officers must attest to the OCC that the bank’s programs are reasonably designed to achieve compliance with the final regulations. Smaller banks engaged in modest activities are subject to a simplified compliance program.
END

*Note: The banks don’t have to be fully compliant until July 2015 so expect a wild shakeout between now and then as they try to rid themselves of TRILLIONS of DOLLARS worth of non-compliant derivatives. It won’t take that long as big banks have a tendency to EAT THEIR OWN when it comes to their own survival!

So what do all these restriction do?

Well, history has shown that you can’t have an unbacked fiat monetary system without controlling the prices of some key commodities and monetary instruments. Gold, silver, oil and the USD are the main ones. That’s where market rigging with computers and derivatives came into play in the 1970′s. That is why the top 5 banks (JPM, Citi, BofA, Goldman & Morgan Stanley) hold over $295 TRILLION in derivatives! It is the ONLY reason that the unbacked system is still viable. This unbacked system has lasted over 40 years after breaking all ties with gold…an unprecedented record in monetary history and only made possible by the computer market rigging programs written in the 1960′s by Alan Greenspan.

Greenspan’s Golden Secret
http://www.roadtoroota.com/public/190.cfm

Ultimately, the game must end as it was always the plan to run the unbacked system as long and hard as possible before returning to a true Gold Standard.

That time has come.

May the Road you choose be the Right Road.

Bix Weir

The final regulations to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker Rule, were published in the Federal Register on January 31, 2014, and become effective on April 1, 2014.

OCC.GOV

Bix Weir



Source: http://nesaranews.blogspot.com/2014/03/heres-why-april-1-is-important.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 8 comments
    • DK

      They cannot go back to the Gold Standard, America has no Gold, Goldish Tungsten yes. Not that they had enough in 1873, they definately do not have enough to back the unrestricted bank money creation of the M2 and M3 money supply by loans and the bankers own credit notes ‘then’, in fact there has been at least 66% more money created backed by Gold up to 1873 and this is long before the ture insanity of inflating your currency supply by backing it with national debt. :lol:

      You can state your dollar is worth a pound of Gold but good luck getting any out of Fort Knox. :wink:

      If you want true stability, audit and close the banks – they are all bankrupt, propping up their accounts with Fed loans to pay for Derivative gambles, and issue Greenbacks backed by the full faith of the nation. Other than that you were always a Democracy and your Grandparents should have known better than to take bank bribes and believe economic fairy stories that it is OK to spend and leave your Children to pay the interest on loans which never need to be taken out.

      • StormyB4

        I have 2 main problems with the Treasury printing currency.

        1. It’s completely unconstitutional. The constitution grants the government the power to COIN MONEY. Greenbacks were ruled unconstitutional.

        2. How are things going to change if the government can keep printing currency without any control?

        The only way this currency has any real value is through the threat of force, legal tender laws. Nobody should be forced to accept anything at any value in exchange for good or services.

    • The Rift

      The government has sold them into slavery. But they too busy being entertained to notice.

      • Lude

        They will learn to love their servitude
        `Brave New World

    • patriotwolf

      Let me remind everyone April fools is also this day so this might or might not happen…

    • Anonymous

      This may be the banana peel on the steps at the old folks’ home. As banks try to sell off these derivatives and find they are valueless, and there are no takers even if they had value as other banks can’t buy them…there will be immediate meltdown on banks stock pricing. Then runs on the banks and bank holidays. They will try to stretch it out over the entire year, but it will be too late as the public finds out and reacts. How many banks hold trillions of dollars of derivatives that look good on paper but are valueless when trying to be sold? Why do you think there’s been a rash of bankster suicides? They know whats coming. I think I’m correct by saying this was written in the dodd-frank bill. Thanks Barney, your vision to “get those greedy banksters” has likely taken us all out…Remove your money from the system now.

      • CrowPie

        The banks have already taken the money and homes of half of America. The rest shouldn’t have to wait in line too long during the runs, because of that reduction in number.

    • Anonymous

      The Volcker Rule was first publicly endorsed by President Obama on January 21, 2010.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.