THANKS TO THE FED: Economies all around the world are in a state of collapse. Pensioners and savers particularly have faced huge headwinds since 2008 as their savings and pensions continue to disappear…

We’re up against a controlled government; the Fed is using the government as a weapon against us. Result: Economies all around the world are in a state of collapse. Pensioners and savers particularly have faced huge headwinds since 2008 as their savings and pensions continue to disappear…

End of Capitalism Is Here-Ellen Brown (excerpts)

By Greg Hunter On January 6, 2016
Public banking expert and attorney Ellen Brown says, “Your life savings could be wiped out in a derivatives collapse.” Brown explains, “Nobody anticipated what happened in 2008, and that was a $700 billion bailout. Even if the FDIC tapped its Treasury line, that’s only $500 billion. So, certainly things could go wrong. Also, why are they rushing to put these things into place? They’re expecting something.” Brown goes on to point out, “They think they have avoided too-big-to-fail, but what they have actually done is formalize too-big-to-fail. I mean it’s the end of capitalism. There is no such thing as too-big-to-fail in a capitalistic society where you say certain corporations can’t fail. If you have to take the people’s money to prop them up, it’s no longer capitalism.
“…It’s our money and ‘We the People’ back it… We are making these banks too-big-to-fail, and we are backing these banks. They are sucking the profits out like a parasite from the economy. The profit should go back to the people. The credit should go into manufacturing jobs. Manufacturing is disappearing because the banks make more money on derivatives than by making loans to small and medium size businesses, which is where manufacturing comes from and where jobs come from.”
Brown warns that people are more at risk in the U.S. to lose their savings because the five biggest banks have nearly $250 trillion in derivatives. In a financial calamity that could cause mass bankruptcies, recent legislation says the derivative holders will be paid first. Brown explains, “They have super priority over everything. . . . All the creditors’ money will be taken in a bail-in. A bail-in is the opposite of a bankruptcy. In a bankruptcy, the bank is liquidated in order to pay off the creditors. In a bail-in, the creditors’ money is taken in order to keep the bank alive. So, we get to die while the bank lives instead of the reverse. They specifically say ‘creditors’ which means shareholders and bond holders, but what most people don’t realize is depositors are also considered creditors. When you put your money in a bank, it becomes the property of the bank, and all you have is an IOU.”
http://usawatchdog.com/end-of-capitalism-is-here-ellen-brown/
Until things have dropped 67%, the bottom is not in.
Has anything really been solved?

• Any Banksters go to jail?
• Why do we have more TBTF firms than before?
• Did Glass-Steagall get reinstated?
• Middle Class come roaring back?

Free Jon Corzine!

JO