Swampyville's - Reading Between the Lines!

The US government has just opened the US banking market to China

for the first time, clearing a takeover of a US bank by a China

state controlled company and using funds from cheaply made Chinese

products bought by Americans!

YOU BE THE JUDGE OF WHAT'S REALLY GOING ON!

THE ONLY IDEOLOGY BEING USED TODAY BY BOTH, THE LEFT AND THE

RIGHT, IS: "PROGRESSIVE GREEDISM"!

IN THE GAME OF "GLOBAL MONOPOLY" SOMEONE HAS TO BE THE BANKER!

THE FOLLOWING IS THIS ONE PERSON'S OPINION!

The current Economic Crisis could have got a "Rejump Charge" with

the Exxon's (Originally Rockefeller Sinclair Oil) Valdez Oil Spill

in 1989! (The current economic crisis, in my opinion, began soon after

World War Two, when American Corporations began to move their operations

offshore to take advantage of the cheap labor and the lower cost of

materials).  After World War Two, the United States lost it's

isolationist status and became a Global Power (exactly the way

that the "Movers and Shakers" planned on it happening).

In the case of Baker v. Exxon, an Anchorage jury awarded

$287 million for actual damages and $5 billion for punitive

damages. The punitive damages amount was equal to a single

year's profit by Exxon at that time. To protect itself in

case the judgment was affirmed, Exxon obtained a $4.8 billion

credit line from J.P. Morgan & Co. so that Morgan's would

not have to hold as much money in reserve (8%) against the risk of

Exxon's default. To insure the amount that J.P. Morgan loaned

to Exxon would not be defaulted on, the Federal Government guaranteed

J.P. Morgan several billion more than they actually needed of tax payer

funds to cover this loan. (It should be noted that the J.P. Morgan

Bank and the Chase Manhattan Bank (Rockefeller Bank) merged in 2000.)

(U.S. Energy Subsidies by the Federal Government during the

period 2002 to 2008 for foreign tax credits, credit for

production of non-conventional fuels, oil and gas exploration

and development expenses by American Energy Companies was

36.5 billion of tax payers funds.)

From a Fortune 500 article on May 7. 2012!

Exxon Mobil Corporation Fortune 500 rank: # One

Revenues (billions): $452,926,000,000.00

It’s tough to beat the kind of year Exxon Mobil had in 2011. Shares

rose by 20% and profits surged by 35% to $41.1 billion. Revenues

jumped 28% to $452.9 billion, helping Exxon reclaim the top spot

in the Fortune 500 from Walmart!

Exxon has certainly benefited from rising oil prices, particularly

during the last quarter of 2011. But the company has also positioned

itself well to capitalize on the latest controversial trend in

domestic energy production: Fracking. Exxon now produces just about

as much gas as it does oil, thanks to its $35 billion purchase of

XTO Energy in 2010. With world demand for energy expected to rise

considerably during the coming decades, the shale gas party has

just begun (No matter which party is in control).

Enhancing the current economic crisis with "Credit to Default Swaps" (CDS)!

J. P. Morgan bank created the first Credit to Default Swap (CDS)

in 1994. Other investment firms quickly followed Morgan's lead!

"A credit default swap (CDS) is a financial swap agreement that

the seller of the CDS will compensate the buyer in the event

of a loan default or other credit event. The buyer of the CDS

makes a series of payments (the CDS "fee" or "spread") to the

seller and, in exchange, receives a payoff if the loan defaults."

"In the event of default the buyer of the CDS receives compensation

(usually the face value of the loan), and the seller of the CDS

takes possession of the defaulted loan. However, anyone can

purchase a CDS, even buyers who do not hold the loan instrument

and who have no direct insurable interest in the loan (these are

called "naked" CDSs). If there are more CDS contracts outstanding

than bonds in existence, a protocol exists to hold a credit event

auction; (the payment received is usually substantially less than

the face value of the loan.)"

"Credit default swaps have existed since the early 1990s, and

increased in use after 2003. By the end of 2007, the outstanding

CDS amount was $62.2 trillion, falling to $26.3 trillion by

mid-year 2010. In early 2012 the CDS debt was reported to be

$25.5 trillion. (Again, Financial Interests creating "Funny

Money" out of thin air!)"

How a CDS works!

J.P Morgan bank makes a loan to a corporation. Later, J.P Morgan

bank sells this loan, usually, to an Investor (Investment bank) as

a CDS. The investor buys these CDS's and agrees to make insurance

payments to the bank and the bank agrees if this loan is defaulted

on, that they will buy back these loans at face value. This practice

started with regular loans and eventually it began to cover sub-prime

mortgages.  The sub-prime mortgages were then package as Derivatives

and sold to investors.  Soon, these Derivatives were not worth the

paper they were printed on.  Investors have lost 37 trillion dollars

so far!  (Not to worry, the U.S. Government has plenty of Tax

Payer's funds to bail the financial institutions out. If they run

out of tax payer funds they can always borrow what they don't need

from American Subsidiary banks overseas (in my opinion) and saying

that it was borrowed from other countries (China/India)!) I would

call it "Money Laundering"!

The J.P. Morgan and Chase merger in 2000!

"Chase was primarily a wholesale bank, dealing with other prominent

financial institutions and major corporate clients, such as General

Electric, which had, through its RCA affiliate, leased prominent

space and become a crucial first tenant of Rockefeller Center,

rescuing that major project in 1930. The bank is also closely

associated with and has financed the oil industry, having

longstanding connections with its board of directors to the

successor companies of Standard Oil, especially Exxon/Mobil,

which is also a part of Rockefeller holdings."

AS CAN BE SEEN; "GRADUAL REFORMATION" OF THIS COUNTRY'S ECONOMIC

SYSTEM IS WELL ON ITS INTENDED WAY TO COMPLETE DESTRUCTION"!

"AUT VIAM INVENIAM AUT FACIAM"

(I will either find a way or make one)