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Defend Our Freedoms Foundation (DOFF)
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Copyright 2014

Review of Politics, Economics, Constitution, Law and World Affairs by Attorney and Doctor Orly Taitz


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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

Corrupt and treasonous 219 thieves from both parties colluded to expose us to 303 trillion in derivatives debt. Call every congressman, demand to vote against scoundrel Boehner in the vote for Speaker of the House, demand a vote to rescind the current amendment to Dodd-Frank as well as a stop to funding for amnesty

Posted on | December 12, 2014 | No Comments

 .Best coverage of the crime so far… Link to site for missing images.

 Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For

Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall:

Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:

 

 

 

Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services.

We say explicitly, of course, because taxpayers have always been on the hook implicitly for the next Wall Street meltdown.

Why?

Exhibit A: US banks are the proud owners of $303 trillion in derivatives (and spare us the whole “but.. but… net exposure” cluelessness – read herewhy that is absolutely irrelevant when even one counterpaty fails):

 

Exhibit B: Here are the four banks that are in complete control of the US “republic.”

At least we now know with certainty that to a clear majority in Congress – one consisting of republicans and democrats – the future viability of Wall Street is far more important than the well-being of their constituents. Which also, implicitly, was made clear when Hank Paulson was waving a three-page “blank check” term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008.

The only question is when the next multi-trillion (or perhaps quadrillion now that all global central banks are all in?) bailout takes place.

https://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook

Source: OCC

 

 

MANY THANKS TO THOSE WHO CALLED CONGRESS TO STOP THIS.. Resistance is necessary even in defeat.

The Daily Caller reports:  “The Capitol Hill switchboard has been overwhelmed by calls to Congress.

The 202 224-3121 number is jammed, likely by people protesting House Speaker John Boehner’s 2015 government funding bill, which allows funding for President Barack Obama’s unpopular decision to stop enforcing immigration law, and to award work-permits to at least 5 million illegal immigrants.

Boehner’s effort to fund the $1.1 trillion bill and amnesty is being backed by President Barack Obama, whose deputies are pushing Democrats to support Boehner’s bill.

The Daily Caller called the switchboard number at 3:28, and it was not answered for seven minutes. It is usually answered after a few seconds.”

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