SR4 – NOV. 16, 2009 – THE STILL REPORT ON THE ECONOMY
JP moneyman Chase declared terminal week that it is feat to lease 1200 newborn mortgage brokers to ply discover the loans. But meet who is this really helping? Could there be some similarities between today’s situation and a situation JP moneyman institute himself in during the 1907 crash? … “Bill Still” “The Still Report” “The Secret of Oz” incurvation break recession stimulus “commercial real estate” “Federal Reserve” “Ron Paul” saint Schiff “Ellen Brown” “JP Morgan” JPMorgan Chase Bank “monetary reform” ” …
Derivative trillions are money that has been created by investment companies as debt, without authority from anyone except that the law does not prevent them from doing it.
Bill, i think you’re awsome. keep up the good work!
Hmmm, odd you would bring that up here, since it’s not mentioned in this report. In any case, that’s the best estimate I could come up with for this fiscal year. No one believes the government numbers at this point.
Ben, love the video, well done on the history, but I do wonder where you get the $700 Billion interest payment on a debt of $12 Trillion? Especially when the Treasury reported the total interest for 2009 at $383 Billion?
I don’t understand. Do you think I’m being unfair. It’s a big number that illustrates the hold Morgan has on the world economy. Keep in mind, I also mentioned that Morgan’s net assets was $1.6T. What’s the beef?
Värdeskapande
Schumpeter beskriver entreprenören som den verkliga värdeskaparen, då denne bryter ett equilibrium genom innovation som skapar mer nytta. Marknadsfunktionen är en viktig del i ekvationen för att prissätta nyttan.
Om prissättningen kan optimeras skulle då marknadsfunktionen vara överflödig? Svar JA,
Those are figures available to everyone on the Treasury’s website.
Bill, believe the derivatives number you quote at the 2:30 mark or so is the NOTIONAL…not the fair value at a particular date.
bring me their heads
Ah yes, derivatives. I’d forgotten about them.
Superb, Bill.
Regards, Dom.
Good idea! But, that doesn’t solve the underlying problem — $700 BILLION a year goes to pay interest on the National Debt — TOTALLY UNNECESSARY! Obamacare bill = $100 billion a year! WAKE UP!
Brilliant work, Bill
I tend to think that if private banks didn’t have a legal monopoly on money creation and the FDIC didn’t exist, we wouldn’t really need to heavily tax or ban derivatives trading. Such insane risk all seems due to the banks enjoying this powerful position and the deposit insurance by the FDIC making depositors apathetic towards what their banks are doing.
When you can create money out of nothing and the government underwrites your nonproductive speculation, the potential for abuse is monstrous.
Another good video, Mr. Still.
Protection of our rights being the sole legitimate purpose of government, I say that issuing a debt-free national money falls under the prerogative of securing our rights to liberty and to the pursuit of happiness.
If you ever need someone to do voice-overs for the text reading, I’ll gladly help if possible.
Excellent work!
Sorry it was late, everyone. I had to finally stay up all night last night to finish it up. 10 mins is too long to handle on a weekly basis, but I couldn’t tell the story in less.
Thank you, Bill! As always, I enjoy your video so much!
Bill,
My wife and I love your Still Report. Your message rings clear and true. I forward your reports to my friends whereas I am constantly trying to educate them. Your reports are most helpful in illustrating just what is going on today. Keep up the good work.
P.S. Your new backdrop is perfect and appropriate.