Lobbyists Have Wrote US Laws That Have Set Up The Biggest Robbery In World History
You read a lot about the enormous transnational casino called "derivatives" on FreedomsPhoenix, but did you know that the banks invented a special "Chapter 15" bankruptcy process in 2005 that is only for "international financial institutions", and allows them to pay off the derivative gambling debts FIRST before even depositors?

 

Richard Nixon took the USA off the gold standard in 1973. Bill Clinton got rid of Glass Steagull in 1999, which took down the separation between the activities of Investment Banks (non-secured) and activities of Commercial Banks (FDIC Secured - tax payer secured). Wall Street and the world of finance have since become a global casino dealing derivatives now estimated at 1.4 quadrillion dollars from only billions fifteen years ago. Bloomberg News reported a secret cabal runs the world of finance. A world market correction and subsequent economic depression as the world has never seen is coming.

SECRET BANKING CABAL RUNS ECONOMY - Bloomberg News
http://www.bloomberg.com/news/2010-01-28/secret-banking-cabal-emerges-from-ai...

NY TIMES
A Secretive Banking Elite Rules Trading in Derivatives
http://www.nytimes.com/2010/12/12/business/12advantage.html?pagewanted=all

original article:
The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
http://theeconomiccollapseblog.com/archives/the-coming-derivatives-crisis-tha...