Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

WEB OF DEBT BLOG

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th.

On December 11th, Senator Elizabeth Warren charged Citigroup with “holding government funding hostage to ram through its government bailout provision.” At issue was a section in the omnibus budget bill repealing the Lincoln Amendment to the Dodd-Frank Act, which protected depositor funds by requiring the largest banks to push out a portion of their derivatives business into non-FDIC-insured subsidiaries.

Warren and Representative Maxine Waters came close to killing the spending bill because of this provision. But the tide turned, according to Waters, when not only Jamie Dimon, CEO of JPMorgan Chase, but President…

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More On The Talent

Real Currencies

Very soon now, we’ll start crowdfunding for the national implementation of the Talent in the Netherlands, called the ‘Florijn’.

We will very much need every cent we can get to get things going so we can build a truly flourishing network, with many thousands of businesses and consumers.

It’ll be an opportunity for all to actually DO something about this most pressing of issues………….

Here’s some more input on the Talent’s specifications.

Money Creation:
Hybrid: some units created as debt free units, and sold for Euro. The euros are put in a ‘stabilization fund’ which can be used to buy up units on the exchange if there is excess supply/insufficient demand.

But most of the units will be created simply as mutual credit: double entry bookkeeping.

Business Model:
No transaction costs! Transaction costs discourage transactions. The last thing we want.

Businesses pay (typically) 10,- per month in the Talent based unit…

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China’s Complicity in Building the Rockefeller NWO

Deus Nexus

Reposted from: RedefiningGod.com | by Ken

china_flagIn my last entry, The Rockefeller Plan for the BRICS New World Order, in their own words, I laid out the Rockefeller Plan for the New World Order (NWO) as reflected in their official blueprint for it, a 1961 book titled Prospect for America. Given the reaction counters I saw for the article, I can tell that I need to explain things even further to reach certain people. So in this entry, I will continue to expose the globalist plot by pointing out how the Chinese government is assisting in the construction of the Rockefeller NWO.

To begin, let’s take a look at…

The Chinese Economic Propaganda Line

In the aftermath of the US Government “shutdown” of October 2013, I came across a very telling Xinhua article titled U.S. fiscal failure warrants a de-Americanized world. If you’re unfamiliar with the Xinhua…

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