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Saturday, 04/08/2017 9:11:08 AM

Saturday, April 08, 2017 9:11:08 AM

Post# of 695
Glass Steagall - The real reason for this sudden urge to reinstate Glass-Steagall could be that it cleanses the big banks of their massive Derivatives exposure ahead of the coming collapse.

We saw how GE spun off much of their finance division, which had been such an existential threat during the 2008 crisis. So now the too big to jail zombie banks are looking to similarly shed their risky derivatives before the coming crash.

Rickards says that unlike 2008, the coming crisis will not be bailed out by the Federal Reserve (the excuse being that they're already tapped out), but that the IMF is the only entity capable of doing the bailout, which they'll accomplish by re-liquifying the world with SDRs.

This also conveniently creates the desired One World Money System (SDRs), One World Central Bank (IMF), to be followed by their One World Tax scheme under Agenda 21 and the mythology of climate change. You have to hand it to these guys for their tenacity and planning, and their sheer will. Nietzsche would be proud of these sociopathic douchebags.



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