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Explosive Breaking News : It is the Numbers Crunch

Sunday, July 5, 2015 18:51

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(Before It's News)

Sunday July 5, 2015

It is the Numbers Crunch

by Tom Heneghan, International Intelligence Expert

source

UNITED States of America - It can now be reported that the combined Greek, Italian, Portugal and Spain euro debt represents $120 trillion of derivative debt aka I.O.U.s between banks.

At this hour we can also report that the latest IMF (International Monetary Fund) audit of the European Central Bank (ECB) shows that the ECB has no cash or liquidity in the system only derivative debt that compounds every day.

Note: Accordingly, ECB President Mario Draghi has his hands tied.

P.S. It can also be reported that U.S. banking giant JPMorgan is totally exposed as a counter party to the $120 trillion in euro debt linked to the European Union (EU) and the European Central Bank.

In closing, today’s referendum in Greece almost becomes irrelevant given the release of the IMF audit on the ECB, which is in itself will create massive contagion for all worldwide banks who use proprietary trading to rig worldwide markets with derivatives being used as collateral aka margin.

Reference: It should be noted that from the period 2003 to 2007 U.S. banking giant JPMorgan marketed and sold the famous mortgage-backed securities to numerous European banks with a large percentage of this mortgage-backed securities business taking place in the nation of Greece.

We know what happened in 2008, 2015 will be worse!

Again, folks, it is the numbers crunch.

source

Greece’s Problems are the Tip of the Iceberg
http://moneymorning.com/2015/07/05/greeces-problems-are-the-tip-of-the-iceberg/

The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
http://theeconomiccollapseblog.com/archives/the-75-trillion-dollar-shadow-banking-system-is-in-danger-of-collapsing

The CIA’s Creation of “Islamic Terrorism” on American Soil
http://www.globalresearch.ca/the-cias-creation-of-islamic-terrorism-on-american-soil/5460047

Got Chrome? Google Just Silently Downloaded This Onto Your Computer
http://www.pakalertpress.com/got-chrome-google-just-silently-downloaded-this-onto-your-computer/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+pakalert+%28Pak+Alert+Press%29

source source

“Al Qaeda is nothing more than an extension of the operatus linked to U.S. intelligence that was allowed, by script, to remove itself as a rogue break away entity of the U.S. government

allowed to de-compartmentalize from oversight, and was run instead by Gary Best rogue ‘Black Ops’ specialists for scripted activity outside of the U.S. government, with its funding being orchestrated through the Pakistani secret police,

an entity of the U.S. government itself.” (2006)

~ Tom Heneghan, great American Patriot and International Intelligence Expert

source

Those who would give up essential Liberty, to purchase a little Temporary Safety, deserve neither Liberty nor Safety. (1755)
~ Benjamin Franklin, Founding Father, great American Patriot

The Declaration of Independence
IN CONGRESS, July 4, 1776
The unanimous Declaration of the thirteen united States of America,enhanced excerpt

But when a long train of abuses and usurpations, pursing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to prove new Guards for their future security. (1776) ~ Thomas Jefferson, Founding Father, great American Patriot, author of the Declaration of Independence and 3rd U.S. President

http://www.archives.gov/exhibits/charters/declaration_transcript.htm

NESARA- Restore America – Galactic News

Source: http://nesaranews.blogspot.com/2015/07/explosive-breaking-news-it-is-numbers.html