Wednesday, April 03, 2013

DoD, UN, International Bankers steal trillions now out to disarm America?

Steven G. Erickson's video uploads and posts [click here] or email me at stevengerickson AT

Steven G. Erickson contact information [found within this post]

Why are we the people asking where is the missing trillions of dollars of our tax dollars? Why are those who stole so adamant right now about disarming all of America? 


Text with below videos [that were cut and pasted from here]:

Government, Military Corruption
Trillions Missing at Defense Department

The War On Waste
January 29, 2002, CBS News

On Sept. 10 [2001], Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, "the adversary's closer to home. It's the Pentagon bureaucracy." He said money wasted by the military poses a serious threat. Rumsfeld promised change but the next day—Sept. 11—the world changed and in the rush to fund the war on terrorism, the war on waste seems to have been forgotten. Just last week President Bush announced, "my 2003 budget calls for more than $48 billion in new defense spending." More money for the Pentagon ... while its own auditors admit the military cannot account for 25 percent of what it spends. "According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted. $2.3 trillion—that's $8,000 for every man, woman and child in America.

A former Marine turned whistle-blower is risking his job by speaking out ... about the millions he noticed were missing from one defense agency's balance sheets. Jim Minnery, Defense Finance and Accounting Service ... tried to follow the money trail, even crisscrossing the country looking for records. "The director looked at me and said 'Why do you care about this stuff?' It took me aback. My supervisor asking me why I care about doing a good job," said Minnery. He was reassigned and says officials then covered up the problem. The Pentagon's Inspector General "partially substantiated" several of Minnery's allegations.

Note: To see the three-minute CBS video clip of this shocking admission, click here. For another key four-minute clip, click here. To read Rumsfeld's speech admitting $2.3 trillion missing on the U.S. Department of Defense website, click here. Even though this news was originally not reported because of the trauma of 9/11, why wasn't it broadcast loudly once it finally was reported? Why isn't this making media headlines now?

Steven G. Erickson interviews Darren Wolfe:

Text with above two videos:

Derivatives: The Unregulated Global Casino for Banks
Brooksley Born Says Too-Big-To-Fail Banks Are Still Economy Risk

April 03, 2013
Brooksley Born, whose effort to regulate over-the-counter derivatives was thwarted when she served as a regulator in the 1990s, said a large U.S. bank failure would require a bailout to avoid disrupting the economy.

“Too big to fail is the primary problem,” said Born, former chairman of the Commodity Futures Trading

Commission. Born, a retired partner of law firm Arnold & Porter LLP in Washington, was speaking at a panel discussion in Washington today held by advocacy group Public Citizen.

Born’s 1998 proposal to consider regulating OTC derivatives was opposed by the Clinton administration and eventually dropped. The OTC market later included the toxic instruments that contributed to the demise of Lehman Brothers Holdings Inc. and the 2008 financial crisis.

She also said today that OTC swaps speculation causes asset bubbles.

The global OTC derivatives market mushroomed to a notional value of almost $600 trillion in 2007 from about $28 trillion at the time of Born’s proposal.

Derivatives: The Unregulated Global Casino for Banks

SHORT STORY: Pick something of value, make bets on the future value of "something", add contract & you have a derivative. Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill. This visualizes the total coverage for derivatives (notional). Similar to insurance company's total coverage for all cars.

LONG STORY: A derivative is a legal bet (contract) that derives its value from another asset, such as the future or current value of oil, government bonds or anything else. Ex- A derivative buys you the option (but not obligation) to buy oil in 6 months for today's price/any agreed price, hoping that oil will cost more in future. (I'll bet you it'll cost more in 6 months). Derivative can also be used as insurance, betting that a loan will or won't default before a given date. So its a big betting system, like a Casino, but instead of betting on cards and roulette, you bet on future values and performance of practically anything that holds value. The system is not regulated what-so-ever, and you can buy a derivative on an existing derivative.

Most large banks try to prevent smaller investors from gaining access to the derivative market on the basis of there being too much risk. Deriv. market has blown a galactic bubble, just like the real estate bubble or stock market bubble (that's going on right now). Since there is literally no economist in the world that knows exactly how the derivative money flows or how the system works, while derivatives are traded in microseconds by computers, we really don't know what will trigger the crash, or when it will happen, but considering the global financial crisis this system is in for tough times, that will be catastrophic for the world financial system since the 9 largest banks shown below hold a total of $228.72 trillion in Derivatives - Approximately 3 times the entire world economy. No government in world has money for this bailout. Lets take a look at what banks have the biggest Derivative Exposures and what scandals they've been lately involved in. Derivative Data Source: ZeroHedge.

Ret. Marine Absolutely Owns CNN Anchor On 2nd Amendment - "Unconstitutional Laws Aren't Laws"

"Black Bag Jobs", J. Edgar Hoover's FBI, and the history of domestic spying and official abuse of the public:


Post a Comment

Links to this post:

Create a Link

<< Home

View My Stats