Sunday, July 5, 2015

Tom Heneghan Update - July 5, 2015

ALL Patriot Americans MUST know with sources inside
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Sunday   July 5, 2015
It is the Numbers Crunch
by Tom Heneghan, International Intelligence Expert

UNITED States of America  -  It can now be reported that the combined Greek, Italian, Portugal and Spain euro debt represents $120 trillion of derivative debt aka I.O.U.s between banks.

At this hour we can also report that the latest IMF (International Monetary Fund) audit of the European Central Bank (ECB) shows that the ECB has no cash or liquidity in the system only derivative debt that compounds every day.

Note:  Accordingly, ECB President Mario Draghi has his hands tied.
P.S.  It can also be reported that U.S. banking giant JPMorgan is totally exposed as a counter party to the $120 trillion in euro debt linked to the European Union (EU) and the European Central Bank.

In closing, today's referendum in Greece almost becomes irrelevant given the release of the IMF audit on the ECB, which is in itself will create massive contagion for all worldwide banks who use proprietary trading to rig worldwide markets with derivatives being used as collateral aka margin.

Reference:  It should be noted that from the period 2003 to 2007 U.S. banking giant JPMorgan marketed and sold the famous mortgage-backed securities to numerous European banks with a large percentage of this mortgage-backed securities business taking place in the nation of Greece.

We know what happened in 2008, 2015 will be worse!
Again, folks, it is the numbers crunch.

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