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If you think your government is run by elected officials, you best think again. Five US banks have been holding a gun to the head of every elected official in the federal government and every US citizen since this credit crisis began. It’s a gun loaded with $200 trillion dollars of credit derivative bullets. Ostensibly, we have been held hostage by five banks and as a result our nation has lost all control over its financial future. We now exist at the whim of those banks holding the proverbial bullets to blow our financial brains out.
the Geithner PPIP (Public-Private Investment Program) plan can only aim to accomplish one thing - to skew asset prices to the upside one last time inside a ‘Private to Public Transfer of Loss’, or PPTL as the author has coined it.
Five Banks!
Naming names. Banks Gone Wild! and it's not pretty. How much you wanna bet that the five banks holding 92% of the $200 billion in derivatives get named as the asset controllers by Geithner?
I highly recommend reading the original article, as the author provides charts and references. A real eye-opener, and easy to digest, unless you throw up.
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