Forum Post: Banks Putting Americans on the Hook for Trillions: Restore Glass-Steagall
Posted 12 years ago on Oct. 25, 2011, 4:52 p.m. EST by MonetizingDiscontent
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Banks put Americans on the hook for trillions: Restore Glass-Steagall
This clip explains the massive fraud being perpetrated on humanity as we speak.
http://www.youtube.com/watch?v=Iy9sYhhnEkQ&feature=player_embedded
US GDP is ~$15T; Entire PLANET GDP: ~$65T; BofA derivatives total $75T; Wells-Fargo derivatives $73T
And they have moved those phony dollars to their commercial side (lending side), making them FDIC insured. WE are now on the hook for their crimes, for more money than the entire world produces over several years. This is the result of the repeal of the Glass-Steagall Act in 1999.
Additionally, the UN estimates that the total cost to END WORLD HUNGER would be just under $200 BILLION per year. JP Morgan could feed the world for more than a decade with the money they currently sit on.
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