Tuesday, January 14, 2014

Tom Heneghan Update - January 13, 2014

ALL Patriot Americans MUST know, with sources inside American/European intelligence agencies and INTERPOL reporting what is really going on behind the scenes of the corporate-controlled,fascist, extortion-friendly propaganda U.S. media's massive deceptions

Monday   January 13, 2014
Hold On To Your Hat!

by Tom Heneghan, International Intelligence Expert

image source

UNITED States of America  -  It can now be reported that major worldwide banks continue massive asset deleveraging as the financial system now faces a negative ass backward derivative ratio of 4,000 to 1.

Reference:  German Deutsche Bank, Bank of America, Citibank and JPMorgan Chase are now all counter parties to the Bank of England, the U.S. Federal Reserve, the European Central Bank (ECB) and each other.

A recent IMF (International Monetary Fund) audit of the ECB discovered that the derivative holdings of major European banks are 80% overstated, meaning that they are cross-collateralized without any cash collateral.

The Bank of England faces the same problem with their derivative holdings now being used as collateral to prop up the derivative holdings of Dutch bank ABN AMRO.

The Dutch bank ABN AMRO is currently lacking any real liquidity but is instead allowed to engage in a massive electronic frequency foreign currency ponzi scheme using the London LIFE Exchange on a nightly basis.

P.S.  We can now divulge that U.S. Treasury and IMF officials have discovered that UBS Switzerland has been engaged in illegal conversion of U.S. Treasury funds into Swiss francs.

These STOLEN U.S. Treasury funds were originally laundered into the Central Bank of Iraq by the Bush-Cheney-Clinton-Paulson-Halliburton Crime Syndicate and then illegally converted into Iraqi dinar using the Central Bank of Iraq as the parking lot.

Note:  The funds recently disappeared from the Central Bank of Iraq and were transferred to a "secret" account at UBS Switzerland with none other than former Obama Administration U.S. Defense Secretary and Bush Family stooge, Robert Gates, having power of attorney over the STOLEN funds.
P.P.S.  At this hour we can divulge that the IMF and U.S. Treasury have frozen the account.

P.P.P.S.  At this hour there is NO real cash liquidity in the world financial system.

Sources close to the Federal Reserve indicate there can be no QE3 since there is no cash but just an extension of more credit to crooked banks who face insolvency.

Translation:  What this means, folks, is writing more worthless cross-collateralized derivatives.