The one chart that blew your mind..

[houstonair]

racist cockheads. Quit worrying about religious past, worry about a cooperative future. There is no religion when there is no people? if we all become extinct in the next 100 years, who is going to quarrel about religion then, cockroaches? I doubt it. Get over your theistic discrepancies and join hands people, we are all one in the eyes of the world. let's give it the respect it deserves and stand up to make positive changes to the way we live and co-habitate on this, our one and only, earth.

[GoonOfFortune]

dutch accent is unmistakeable

[senseipuffz]

@angstotheclown without jews there wouldnt be jesus which is a bad th.... nevermind. if hitler was alive in the BC age, i think we would have world peace. only 1 monotheistic religion would be around, along with the more peaceful religions such as buddhism and hinduism.

[angstotheclown]

Russia is yellow right? Tells you a lot about the effect of a jew run state. When the jew bolsheviks took over their Hegelian system went into high gear. They will realize when they reduce the world to the level of the soviet union and now "democratic" russia they will realize that low IQ slaves wont build very nice palaces, yachts or gold plated toilets. When they run out of slaves they will die off and the species can start over without the JEW.

[BubbFromGEI]

Haha.

You are comparing apples and oranges.

Don't look at the footprints, count the number of people standing in a room - that's what matters

[bavarikus]

Did I understand correct? 1100 Trillion?

That means 1.1 * 10 ^ 15

Is this correct?

[teargardens]

This is to insure that when banker/elite crash the fractional reserve banking magic show, it will be beyond repair, and then all the countries of the world will fall under the total control of the 0ne w0rld bank. This is the classic Hegailian dialect in motion. I believe that all members of the "UN" are already controlled behind the scenes by the power elite. This last end game will be for the masses to except a new one world g0vernment with one system one army one everything. The NW0 is a fact.

[Nintendomanwill]

@teargardens

Wrong, the investment classes themselves will be harmed by their own destruction and embezzlement of sound money for their production of inflation distorts the legible price signals imputed by the market, that they need for sustainable investment just as much as we do. Those who profit at the expense of others cannot survive without the use of force. There is no dialectical monopolisation by a ruling class, it's just ad-hoc movements towards global fiat currency/confiscating gold.

[benjamindees]

Very informative video. I would just like to point out that Executive Orders are not "acts of state". They only affect the executive branch of the US government. They have no bearing on private contracts.

[sebo2001]

60 trilion and it is close to world GDP

[fruitsofnews]

It cant be that easy. I dont believe you... I mean just wishing the derivatives away MUST have tangible real-life consequences for creditors, debitors, consumers, producers alltogether. tell us something about those consequences. thank you.

[nmreich]

There is NO forgiveness. Can't be done.

If there WAS forgiveness, then all the companies who were actually profitable would be the losers and it would wipe them out.

What will happen is there will be worldwide slavery because of the axiom "debt = slavery".

The generated crisis of swine flu should take care of a lot of the problems (people) and the remainder can live in servitude.

What about gold/silver? Could it be the new currency?

[eurogoldexchange]

Its not forgiveness if you cancel a car insurance. Its just putting the safty back into the handgranade..

[Nintendomanwill]

Why do you think the central bank cartels issued derivatives? Because they knew most of their subprime loans couldn't make returns on a housing market that was slowing by 06 and was suffering from serious overproduction (i.e. causing underproduction in other areas, there's no such thing as 'underdemand,' that's just what lobbiers want you to think so they can force people to buy their goods/binge with higher timepref) so they were trying to sell their assets of malinvestment induced by inflation

[dangerouslytalented]

That is because there are diritives that are dirivitives made from other dirivitives, all inflating themselves.

[mlndstream]

I don't know much about derivatives, so is there any reason why all these derivatives could/would deleverage at once?, in one big collapse of some sort, as I remember that Warren Buffet referred to derivatives as financial 'weapons of mass destruction', and how would this play out as far as deflation and inflation are concerned?

[ddubrul]

so THAT'S why goldman sachs is so hell-bent on getting their derivative payouts from aig. they needed to be sure they were getting paid before the derivatives contracts are outlawed. After a hyperstagflationary period probably.

[ToobeYoo]

thanks for the video

[joygarner]

GOOD JOB! And the thing is, the ENTIRE DEBT is a fraud!!!!

These mf's are eating up the world's true wealth with their endless abuse a greed. monopoly money, and people think it's worth something so they trade real goods, assets, services for NOTHING.

[hiphopsocnroc]

I'll second that, but again we must understand that commerce is a fictious Disneyland, and so are the persons/citizens that take part. The debt does not belong to the living wo/man. I've beat credit card debt, but now the main goal is the root out the snakes in the mortgage fraud, it can and is being done as I write.

I AM THAT I AM, PERIOD

[jsmythib]

life:>Delete Debt

Are you sure (Y/N)?

_

[Trapster99]

Solution for this Derivative Crisis:

Delete the Derivatives, shred them, burn them. Just get rid of them.

NO BANKER BAIL OUT

instead: Banker bankruptcy.

[G3FORC3]

30PERCENTPLUSRETURNS wrote:

For every dollar spent on credit, that dollar has to either be paid back, or the service or product obtained from that credit taken back. If it cant be paid back, we are left with giving back what we have taken, ie jobs, goods, and purchasing power!

THIS WHY THE WORLD WILL END. The derivs are NOW 'real' money... if you try to cash them in or burn them they will leave a hole.

Combine this pie-chart vid with the quote and you have the REAL STORY.

BYE-BYE

[Deveiel]

It's on. Monday we all run into a tree with our cars!

[watcher0777]

i thought of this also your force majore law. why not? well because it is effectively transferring wealth and is in order with and evil plan. it started with fraud and will end with all things which are written being fulfilled.

[eurogoldexchange]

Force majeur on the defaults is like putting the safety pin back into a handgranate. I'm not sure about your biblical references..

[watcher0777]

tim geithners dirty little secret; an article that detail the #'s of cds on the top 5 banks in us, showing them insolvent and opinioning that the fdic should take them into receivership. it also gives history to reasons for the econ crisis and prevalance of cds. i see a 5 letter word fraud as the root of this. i find it in james 5:1-8&daniel 8:25 craft to prosper=fraud to prosper. and the stone cut out of the mountain the one the builders rejected takes out this last king of fierce countenance.

[30percentplusreturns]

You cant just call the derivative contracts null and void! If that happened unemployment would be about 90% because there would be absolutely no credit because of every bank going under. People think you cant just get rid of this debt at no expense. For every dollar spent on credit, that dollar has to either be paid back, or the service or product obtained from that credit taken back. If it cant be paid back, we are left with giving back what we have taken, ie jobs, goods, and purchasing power!

[eurogoldexchange]

Last time I checked when all money disappears everybody is still holding goods and able to provide services. Credit does not matter at all..when people want to reposess they can do that, and that's it.

[Nintendomanwill]

You're right, this would just be the bust that SHOULD have happened in 2008 but toxic-asset ridden banks contrived to gain political power from 2006 for the bailout they knew they would need after having inflated so much as to have removed all economic calculation regarding relative scarcities and investment opportunities across sectors so that they didn't perceive the slowdown in house price rises/the crash of the overinvestment glut clearing. That clearing signifies stagnation in OTHER sectors

[witherwind33]

There are derivatives that are are based on notional value. What will happen to your chart when you remove all those that do not involve in the exchange in principles?

[eurogoldexchange]

I can not say for sure, but it is the notional value of derivatives that creates the largest part of the debt shown. Notional value of insurance derivatives being treated as real money and collateral gave rise to the bubble..That is why I think there is no danger in puncturing the baloon by calling force majeure.

[LaMontagne1982]

I have no doubt that derivatives are exceedingly large. I also do not doubt that a law to force renegotiation of derivatives would shrink the bubble. But step back from the "bubble" and consider this question. Should a BINDING auto insurance CONTRACT that I pay for be "voided" so that when I get into an accident I have to die rather than use the care that I paid for? Insurance companies must honor all of their contracts until the can no longer afford to do so. After that time they go O.O.B

[eurogoldexchange]

there are two sides to your question. First, if everyone has a BINDING contract and needs care, choices will have to be made, because care can not be given to all. Second and more importantly, a BINDING contract does not exist, only contracts of which one party is unwilling to renegotiate. You are right, the insurance company should be drained and default. Your captured government however rather lets you pay for life support. What is worse, it keeps trillions of unfair risk in existence..

[cvenzke410]

1st China stops buying US debt bonds (which was in the headlines today.) 2nd altaverta or option ARM homes loans start to become a bubble the US gov. don't have the money to deal with. The people flood into the presious metal comex in the market and start to take delivery fearing a US dollar collapse then the huge derivative corruption pit comes crashing down and the US government would have some major problems to deal with then. I'm quite sure they would have to crash the dollar an go Amero.

[eurogoldexchange]

Are you sure we are not halfway your story already? also people thinking amero should realize its not in Canada or Mexico's interest to join any mutual currency. The Euro got established on a high point, not in a crisis. If you really want effects than force majeure is the way to go..

[cvenzke410]

I have researched many issue over the last 8 years day in day out and I'm just trying to put the pieces together. I've been right with most of my thoughts cause no more that days around the corner the media is talking about them in real times. I do feel that the option ARM loans, silver derivatives and credit card bubbles have every reason to burst soon. I figure what's the worst that could happen if I'm wrong, I feel foolish. But what if I'm right, I would think I have much to gain and profit.

[edmack4me]

Yes, i will have that as it sounds good to me to have the manipulation and corruption, lies all exposed.

[llshamelessll]

quit focusing on this alledged easy way out....its not. it would cause martial law and war with china. you cant see the big picture.... so if i ripped you off of 2 trillion dollars you wouldnt do anything?

you clearly cant see past your nose.

[eurogoldexchange]

I can see past my nose thank you. Where do you think we are heading now? Force Majeure will also disarm a lot of parties that are now waging financial warfare (which is actually the cheapest and preferred kind). So you are the one that can't see past your nose..

[cvenzke410]

There is more to it than this though. If there is a Force Majure that would all US dollars would be valued to 0 from what I understand. What would happen to all the banks around the world that have reserves in the US dollar? That's right they would take a large hit also. That's why many international banks are being quite and dumping US dollars as fast as they can get away with it. They see the storm coming such as I have for over 1.5 years now. Buy gold and silver right now to protect yourself!

[eurogoldexchange]

Applying force majeure to the derivatives master contract only means that these derivatives will not be settled in the agreed way. It may mean owners get the money they put in returned to them..It has no bearing on the dollar, and if anything it will strengthen it because the banks can return many unused dollars to the fed.

[Bilakaifa]

You assume politicians are out for our bets interests... if it helps them, then maybe they would do it. It is not so easy, or else it would have already been done.

Also, like in most ponzi schemes, or say real estate, the people who old the over valued stock are very reluctant to let go of the illusionary value. If you are hoping to get back 2 billion, but instead only get back your original investment, your still ganna be pissed or hurt financially. People might have used it as leverage...

[eurogoldexchange]

There is a lot that is hidden from the relative naive and sometimes corrupt politics. Why isn't there an investigation into what happened when the hedge funds killed Lehman Brothers? So saying something would already have been done if it could be done is somewhat overoptimistic..If you are a US citizen you can not be stopped from demanding action. Your vote still counts..

[Bilakaifa]

Hahaha, your vote doesn't count. I don't even want my vote to count. Democracy is the worst form of Government. I want a republic, where I can vote in and out different personalities, but they really have no power to do anything except protect my rights and liberties.

Now, what I meant was, if it was going to not crumble the country and political power, but rather help the political powers that be, then they would have done it. Your video made it sound like that was the case.

[edmack4me]

Most politicians are the scum of the planet.

[aegisgfx]

All.

Politicians are basically too corrupt to be lawyers or real estate agents.

[cvenzke410]

You think the banks have the money to cover one of the largest asset bubbles in history? I don't think so cause the number I have researched a ball park range is as low as 30 quadrillion - 85 quadrillion dollars. That's right, this is what I meant about the dollar collapse because the money won't be there and this will send the price of presious metals to the money within hours on the free market trading day. If someone needs me to explain further please let me know.

[eurogoldexchange]

No I do not believ the money will ever be there, so I suggest we cut our suffering short. Do you have a video to link to?

[conandrum74]

Please explain, providing your theory of events from now, until dollar collapses and what we would see on that day on the global markets... Thanks

[eurogoldexchange]

What you see now is an car engine revving up for lack of resistance. Government and banks keep pushing the paddle in the hope they will find some grip. It will heat up the engine and make a lot of smoke, burn a lot of fuel but not move before it blows. Then everyone will get out an you are stuck with the useless wreckage. Start annoying the people behind the wheel so they get out and let you handle things!

[Einstiensblackid]

Yeah, friction and smoke in the form of higher interest rates and a rebound spike in commodities. Then oh, no another CDS issuer goes under because of real estate losses and 90% of the banks become instantly insolvent.

Wrrrrrrwrrrrwrr puh puh BOOM! Thunk thunk thunk thunk thunk.

[Einstiensblackid]

Mine went like this:

A boss in a rush started a cold diesel with ether one day. I drove it a few miles and the

truck overheated. He got it running again, somehow, so we went back to work. It started getting louder but my boss said "Hopefully it's just a cracked exhaust, we can't afford to stop right now anyway." Suddenly I could only do 30 with it floored, then 20, then 10 and then it died. The ether blew a hole through a piston and the engine ate itself.

Cost him $4000 to start on time.

[ABOSOLUTEKNOWLEDGE]

the elite illuminati wie point is this

most people are icnredibly dumb and retarded yeah that means probally u reading this

so they say idf they soo dumb fak them

they diserve to be rulled over couse they jsut dumb sheep

and guess waht they right

[augustus0963]

They can't do force majeure because there are too many large interests who would lose out. We would probably start WWIII as money flow and credit would absolutely come to a halt. Its a political nightmare. Thanks Wall Street! Thanks Bankers!

[eurogoldexchange]

Who cares about the large interests, it is legaly and practically possible to do this. How about the treat of civil unrest that is now brewing? Why do you have rights if you do not use them?

[augustus0963]

No one cares about the large interests until they stop the money flow. By simply declaring force majeure you are saying you are ready for a massive war. Its why it hasn't happened and its why it won't happen until there are no other options (and even then they may keep looking). You think there is civil unrest now? Ha! this is nothing.

[eurogoldexchange]

So you can devalue globally but you can't end ponzi schemes globally. The fact is that if the people want to introduce the force majeure law, there is no stopping them. That is democracy.

[augustus0963]

Force majeure would satisfy the anger I have toward the idiots that did this.

Unfortunately I know I would regret what would unfold. Businesses worldwide would begin to collapse. Cities and governments that bought these instruments would go bankrupt. People who had a decent quality of life would begin to starve. Protectionism would build. People will feel the need to fight to survive. Wars would break out as extremism spreads.

I'm not quite ready for this to happen- are you?

[eurogoldexchange]

You are simply a coward trying to find allies

[augustus0963]

Usually when people resort to name calling they don't have much else to say. Your little fire and brimstone call to democracy is great for those who don't understand the consequences. I live a modest yet decent life. I'm not ready to trade it in or see friends and family potentially lose their lives to see a few at the top pay. Have fun firing up the troops. After all who would benefit from the collapse of society? Maybe someone that deals with shiny metals??

[eurogoldexchange]

Calling things by their name is not name calling. You are so full of fear of war that you are not thinking through your options. Who says there will be war? Proponents of the military industrial complex. How do you disarm them? By getting rid of the destabilizing derivatives hole. Gold will certainly do well, but mainly because governments are trying to fill the hole, so my advise will not benefit me..

[augustus0963]

No- I have no fear about the situation. What will be will be. Just because I would rather not have something happen is not the same as saying I fear it. Society as it sits works for me. Food is still on my table and I still pay the bills. My friends and family are all doing fine as well. I do find that the more someone gets involved in trading gold and metals the more they talk doom and gloom. Particularly because it *most certainly* will benefit them if society and the fiats collapse.

[eurogoldexchange]

You are switching cause and effect. Because I see inflation happening in Europe I know I should buy real assets, of which the most liquid is gold. What I can not understand in my discussions with people about this situation is when they say it will be all right based on nothing but their confidence. The world economy is shrinking faster than during the great depression and you think it you can rest assured? You can't maintain that position in seriousness..

[augustus0963]

I never said everything was going to be alright. What I said is why should we enact something that will absolutely cause financial and political chaos (force majeure). And no its not the Military Indus Complex telling me this. It will happen. You want to see the economy shrink exponentially faster than it is now- do what you are saying.

I'll leave you now to "informing people" of the degree of the derivatives problem that any moderately informed person should have known about 12 months ago.

[jjun4733]

Thanks, that was very informative.

[btbking]

very informative

[Rizky06]

And the elimination of all Financial Weapons of Mass Destruction. CDS, CDO's & Other Derivatives. I think our CIA has seen this coming for a long time. I have a very strong feeling the U.S. wants to use this collapse to get rid of Entitlements - Social Security, Medicare, Medicaid, PGBC etc....Possibly even get rid of the "Over-Printed" dollar. I see massive and purposeful default in the U.S. future.

[eurogoldexchange]

Not really.. do you own derivatives? You can help yourself by pushing for elimination of the shadow banking system..

[danbuck333]

holy shit, we are fucked, thanks for the info

[eurogoldexchange]

Not really.. do you own derivatives? You can help yourself by pushing for elimination of the shadow banking system..

[Geilheid]

why are you telling this information ?

[eurogoldexchange]

What bothers you about it?

[Geilheid]

Nothing actually, I think it is informative, I was just wondering why you post it

[eurogoldexchange]

If you knew a terminal cancer patient was actually misdiagnosed, but the doctor where just after money and where actually killing a healthy patient with the medicin thought to be curing it, wouldn't you try to tell the patient?

[Geilheid]

Kind of an elaborate explanation / comparisson, don't you agree ?

[eurogoldexchange]

But I take it you get the point. Europeans are at risk in the same way as us citizen. They think they need this system, but it is a forced addiciton..