by Bix Weir, Road To Roota:
Last Friday the US Congress approved the latest spending bill which included a provision written by the criminals at Citibank to put the US taxpayer on the hook for $300T in Derivative bets. Now Congress is trying to explain why…
This Friday the OCC released the latest derivative holdings by the big banks and it shows that Citibank has increased their derivative position by $9 TRILLION to overtake JP Morgan who seems to have transferred these derivatives to Citi…
No wonder Jamie Dimon was on the phone to Washington all last week!!
So what does it all means???
The Global Monetary System is TOAST!!!
May the Road you choose be the Right Road
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