The best article I have ever read explaining what corrupt politicians and bankers have done to us financially!

If you don’t believe it, do a little study of Agenda 21 or sustainable growth related to the United Nations.

Derivatives, The Gift That Keeps On Taking

THURSDAY, SEPTEMBER 19, 2013 2:29 PM

If there’s one lesson to be drawn from the Federal Reserve’s non-taper decision yesterday, September 18, it’s that the Fed will continue to ignore the interests of the real economy, even if that’s what’s supposed to be its task and mandate. The Federal Reserve is part of the financial system, and as such it represents the interests of that system, not the people in the street. It will do whatever benefits the former, and whichever choices it makes will always drain ever more resources away from the latter.There is no US economic recovery, quite the contrary in fact, there is at best a set of seemingly good looking numbers that indicate good news for financial institutions, and bad news for everyone else. In the same vein, the financial markets don’t reflect what goes on in the streets of America (and beyond). If they did, the Dow and S&P could not reach new records at a point in time when Bernanke himself claims the real economy’s numbers are too weak to taper.

So quit expecting Bernanke or his successor to do anything that would benefit you personally. The longer you keep hoping for that, the more you will be puzzled and disappointed. Central banks and governments worldwide have made the financial system their sole priority, and they will bleed their people dry in order to serve that priority. This should not come as a surprise, since it’s inevitable that if you allow money to enter into your political system, money will end up buying it outright. This happens for the same reason that bad money will always drive out good money from an economy. It’s elementary.

The Federal Reserve doesn’t give a hoot how many Americans are unemployed, how many children live in poverty, and how many millions survive on foodstamps. Their policies, all of them, are geared towards maximizing the profits in the financial system. If that is achieved by raising your standard of living, it will go up. If it’s achieved by making you poor, you will be made poor. In the present situation, where the financial system sits on trillions of dollars in debt and trillions more in highly leveraged wagers, your money, the fruit of your labor, is badly needed to not let the financial system go bust. The Federal Reserve’s iron hold on your money makes the outcome obvious and predictable (and for any loose ends, there’s always the Treasury department).
One area where we will see this inevitable outcome play out is in derivatives. Nothing in the system is riskier, more highly leveraged, or potentially more lethal to our real economies and societies. The political/financial system has made provisions for this in the form of legislation. Under Clinton, regulation of derivatives was strangled, under Bush, bankruptcy law was adapted to accommodate the derivatives markets, and under Obama, the proposed Dodd-Frank legislation is being molded to deliver the few remaining blows.

Dodd-Frank should have been a contemporary Glass-Steagall, but the area of the world where politics and finance converge has both changed and expanded too much over the past 80 years to make that possible. Legislation ostensibly aimed at protecting the people will instead turn out to do the exact opposite.

A good description on how it all works was quoted yesterday by Ellen Brown, and since she had only minor points to add, I’ll turn to the original, two years old, by writer and (documentary) filmmaker David Malone, who also writes a blog as Golem XIV, and add a few bits from Brown afterward.
Plan B – How to Loot Nations and Their Banks Legally    Read more

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