Here’s Part 1 of my in-depth interview with author David Quintieri about the Derivatives nightmare, which is a blatant Wall Street fraud that goes far beyond the fraud of fractional reserve banking. Derivatives are the titanic of the world’s financial system and we have already hit the iceberg. With more than 00 Trillion in outstanding Derivatives worldwide, the system cannot be “unwound” and it’s impossible to save. David’s site: themoneygps.com My website: SGTreport.com Music: “Stormfront” byKevin MacLeod (incompetech.com) Licensed under Creative Commons “Attribution 3.0″ creativecommons.org creativecommons.org The content in my videos and on the SGTbull07 channel are provided for informational purposes only. Use the information found in my videos as a starting point for conducting your own research and conduct your own due diligence (DD) BEFORE making any significant investing decisions. SGTbull07 assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.
Very excellent interview and subject matter! Shared!
After the collapse.. I hope that we can build a more honest banking/financial system.
As for the bankers who scammed us… send those punks to jail..along with the politicians who helped them rob us blind!
It is stunning to understand that I’ve lived in this financial-scam-matrix for all of my adult life.
what i have not heard anybody talk about are the bankruptcy provisions of 2005 and derivatives provisions. bottom line, in a bankruptcy, there is a new liquidation hierarchy. it used to be depositors and creditors come first, now since 2005 its derivatives exposures. so if derivatives cause a problem, they can take all your assets to satisfy those losses first. look at MF and you’ll see. close all your accounts IMO otherwise your money is toast. google it. get out of the dollar, right?…
hey bro install adblocker. just google it, and it will install. I haven’t watched an ad in three weeks.
ok thanks….that is scary
use firefox and block ‘em
The ISDA and bankers will NEVER allow derivatives CDS to trigger. For if triggered, it would created hundreds of trillions super-massive-black hole like the one in middle of galaxy sucking in everything.
They will just declare CDS to be null and void or ignore them. The people who are buying CDS are stupid. Why do they even buy CDS?
Derivatives are WORTHLESS unless CDS can be forced to trigger. Can anyone force trigger because I don’t think banks will allow it?
How is my logic wrong?
Unfortunately, in the case of Bank of America, they put $75 trillion worth of derivatives on their FDIC insured side of their business. The taxpayer will be held hostage should the derivatives implode. For confirmation, search: bank of america $75 trillion
He is freakin dreaming if he thinks America can compete using real money. Have you seen our baggage? Half of the people don’t work but collect a check, free food and free cellphones. It is political suicide for any candidate to even mention he will shut that off. Also, the US has a high number or stupid lazy obese people that in no way can compete with the slave labor forced on by big companies in foreign countries, we got free trade from slave laboring countries
just get adblock plus for firefox. you will never see another ad on youtube again
@thebirdbath Nothing on my ipad. All ad free
First bank to go down is morgan stanley and that will start the collapse of the rest of the derivatives, even within a few months.
Stop using Ads before your vids..highly annoying.
OMG! I had an Obama reelection ad! I almost wanted to puke.
then all homeowners would want their contracts null and void–its the slippery slope and moral hazard (Rick Santelli rant) arguement
SGT…I was hoping you would have a your take on the “Paul” incident on your next show being such a strong supporter.
It is refreshing to hear from a new informed voice (at least to me) that is spot on! Great interview!
sorry if this is a dumb question as my knowledge on these things is basic, but couldnt the US govt at some stage (say when JPM is staring say a $200bn loss in the face) just rule these derivatives as contracts null & void and thereby save their favoured banks from imploding? As far as I know, they’re mostly just bets between banks anyway, if they’re cancelled, nobody wins but nobody loses either right?
Roll those derivatives up, light em’ and hit that s**t!
Haha. I just stumbled across this website that wrote
a rather nasty review of this video. Not sure why?
Have a look for yourself!
Review found here-
ytchannelcritic(dot)tk/review2714
so is there any reason to have a savings ? should a majority of excess money be converted
Hey what do you think about the 125 billion dollar bailout of Spain backed by the USA Empire, so this failing system will not fall during Obama’s election run..to be honest Obama or Romney who ever gets in we are done…the USA is the Titanic moving the deck chairs around thinking that nobody will notice that the ship is taking on water…what I think is interesting is Spain has 25% unemployment and 50% of the young generation is out of work…the USA has 16-22% unemployment.
There is no upper, middle and lower class, the people who are stealing the world invented that to divide and conquer, they consider it as being elites and workers, it really is a master and slave system.
It has to stop.
Wake up those in the military and police to what they are participating in.
When they are awake and know that the guns should be pointed at the elites and not at us then things will change.
The elites are vastly outnumbered and they know it.
JEEz sgt, this guy could not have written a book, it sounds like he cant even tie his shoelaces, hes even dumber than bix weir….. you totally degrade yourself by not filtering some of your guests
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