10-30 EURO Scam Unravels plus Bank Update

EURO Scam Unravels
plus Bank Update
Part 1 of 4
by Tom Heneghan, International Intelligence Expert

Sunday October 30, 2011

UNITED STATES of America - It can now be reported that the $1.4 TRILLION arrangement aka 'bail out' of Greek and Portuguese banks is nothing more than a DERIVATIVE SCAM designed to protect the $68 TRILLION of toxic debt tied to J.P. Morgan Chase, Bank of America and the conspiratorial privately-owned U.S. Federal Reserve.

We can also divulge that U.S. Treasury Secretary, check kiting Timothy Geithner, along with financial terrorist J.P. Morgan's Jamie Dimon, as well as Bank of America and the European Central Bank (ECB), orchestrated another 'bail out' for themselves when they declared that the latest European financial crisis was a non-credit event (that, of course, is ABSOLUTE BULLSHIT!)

This fraudulent move the by aforementioned financial terrorists allowed Bank of America to renege and not pay out on insurance aka credit default swap bets made by MF Global on the credit rating on Bank of America, which is totally insolvent with worthless Asian derivatives.

Translation: What Timothy Geithner and Jamie Dimon, as well as the ECB President and the ISDA (The International Swaps and Derivatives Association) did was change the rules of the game aka derivative trading so as to protect Bank of America and SCREW MF Global and various small regional banks in France and Germany that were trying to protect themselves against the debt of these monolithic banking monsters.

Reference: Sources I have in the European Union tell me that Timothy Geithner and Jamie Dimon have now crossed over the line. So stay tuned, things are about to get extremely ugly.

Accounting lesson: The alleged EURO fix it plan is nothing more than an accounting trick disguised as another 'bail out' in which the financial terrorists get to:

1. Declare these worthless, marked up derivatives as assets when they are liabilities

2. Similar to the Federal Reserve's "Operation Twist", roll over this toxic debt disguised as bonds out to the calendar years of 2012 and 2013

3. Then amortize their entries at the end of the year (after rolling out their toxic derivatives) so to create an illusion of balanced books. Believe me, these are HOT BOOKS!

4. Then declare a capital loss an alleged 50% haircut on the derivatives they rolled out and then get a 100% "tax credit" (using income averaging) which will be a massive refund to the banks in the next two calendar years.

Note: This crooked accounting procedure is allowed based on the simple fact that these crooked banks are allowed to declare their toxic, worthless derivatives as assets, not LIABILITIES.
http://www.myspace.com/tom_heneghan_intel/blog/544656200
EURO Scam Unravels
plus Bank Update
Part 2 of 4
by Tom Heneghan, International Intelligence Expert
Sunday October 30, 2011


Guillotines await HIGH TREASON

Simply put, folks, the crooked banks don't take a 50% haircut, they get a 100% refund aka a 50% profit that they will then use to buy back their toxic derivatives in 2012 and 2013 and pretend something that is worth nothing is worth something aka the continuation of the Ponzi Scheme!

And who pays for it? The TAXPAYERS of the European Union and the United States of America.

This, of course, is another massive PONZI SCHEME.



P.S. We continue to urge OccupyWallStreet and all of our great American patriots across the United States to continue to proceed with massive revolutionary mode as we continue to identify the enemies of the American Republic, the U.S. Constitution and the American Revolution in the 21st Century and eradicate them.

It is simple, folks. Either you are for us or against us.

Note: The Israeli Mossad-riddled FOX News has crossed over the line once again. It is now calling opposition to the international terrorist banking cabal as anti-Semitic.

Question to FOX News: Were Thomas Jefferson and Andrew Jackson anti-Semitic?

FOX News should immediately loose its communications license for allowing its reporters like Sean Hannity aka Hanowitz and neo-Nazi Michelle Malkin to conspire with the TREASONOUS Department of Homeland Security (DHS), as well as the Israeli Mossad, to eavesdrop and tap the phones of 9/11 survivors who do not believe in the government and corporate fascist media version of the 9/11 BLACK OP attacks on America aka THE BIG LIE (George W. BushFRAUD's Reichstag fire).

Of course, the powers that be are using the UN-Constitutional Patriot Act as the basis for this ILLEGAL criminal activity against the American People.

Note: It is time to immediately remove all individuals who support this Patriot Act from American soil; and further more, it is time to OccupyFOXNews and shut it down.

Question: When is alleged U.S. Attorney Eric Holder aka Marc Rich defense attorney going to have FOX News owner Rupert Murdoch Greenberg arrested?

P.P.S. We can now divulge that the U.S. Military has evidence fingering presidential candidate Michele Bachmann as an Israeli Mossad agent, who, along with former California Democratic Congresswoman Jane Harmon, current Republican House Majority Leader Eric Cantor, as well as none other than current dysfunctional U.S. Secretary of State, loser and lesbian in-the-closet Hillary Rodenhurst Clinton, for leaking classified U.S. intelligence aka U.S.-NATO nuclear launch codes, to the Israeli government headed by international terrorist and 9/11 co-conspirator Benjamin Netanyahu.

Reference: Recently various Republican conservative media outlets like the aforementioned FOX News and Newsmax .com have been trying to promote Hillary (half-Jewish) to make another presidential run. One should laugh out loud but remember loser Hillary, as well as Bush Family matriarch Barbara Bush aka "the bookkeeper" have direct control over $50 TRILLION of STOLEN U.S. Treasury funds, including the Wanta-Reagan-Mitterrand Protocols that helped enable J. P. Morgan Chase and Citibank to engage in the massive fraudulent derivative trading that has wrecked the U.S. economy and turned America into a banana republic.

Economic lesson: One must recall that it was the two Clintons, along with then Republican Speaker of the House Newt Gingrich and Republican U.S. Senator Phil Gramm of Texas (now works at UBS Switzerland), then Clinton Treasury Secretary Robert Rubin that began the derivative trading fiasco when they got rid of the Glass-Steagall Act and totally deregulated banks allowing them to replace prime bank guarantees with promissory notes and, accordingly, created financial anarchy in the world financial currency markets (forex) and the mortgage backed securities traded financial instruments aka Ginnie Mae. Derivatives were allowed to trade at 100 to 1 and then it was the BushFRAUD Administration and his treasonous Treasury Secretary Henry 'Hank' Paulson that took to them to 400 to 1.

The result, folks, is the country was LOOTED
by the Bush-Clinton Crime Family Syndicate.

Message to 3rd degree witch (Queen Melusina) Hillary and 5th degree witch Barbara Bush ("the bookkeeper" from Salem, Massachusetts): Cease and desist for the time is coming when the U.S. Military is going to arrest the entire Bush-Clinton Crime Family Syndicate!
http://www.myspace.com/tom_heneghan_intel/blog/544656190


MY COMMENTS
I did not share the last 2 parts of this because no new news.
This seems to correlate with Ben Fulford's latest update I shared below.