I need your help in research. I wonder if there is any way for the citizens and taxpayers to stop this dumping of 303 trillion dollars of derivatives debt on FDIC American tax payers
Posted on | December 14, 2014 | 3 Comments
I need your help in research. I wonder if there is any way for the citizens and taxpayers to stop this dumping of 303 trillion dollars of derivatives debt on FDIC and American tax payers, which will complete bankrupt the US treasury and destroy the US economy.
As you know, practically in the middle of the night the Congress passed this 2015 spending bill with a change to the Dodd-Frank agreement. this change will allow highly risky swaps containing derivatives to be dropped on FDIC and ultimately us, the taxpayers.
I wonder if there is any way to stop it.
There are 3 thing that I wanted to check:
1. can you help me by reviewing all of the FDIC provisions. Maybe there is a provision specifically preventing such an amendment
2. we need to review all Dodd -Frank documents. Maybe there is a provision somewhere stating that there has to be a specific waiting period, public notice and public discussion prior to any amendment being made. There was no waiting period or public discussion
3. this amendment was buried within 1600 pages of a spending bill. Maybe there is a provision in the rules of congress specifically prohibiting major changes to existing laws within spending bills.
Also, we can contact Senator Elizabeth Warren. She can continue her fight. I remember Senator Johnson of WI filed a legal action challenging a change in ACA, aka Obamacare. I wonder if Warren can file a legal challenge against this major change to Dodd-Frank done in the middle of the night
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3 Responses to “I need your help in research. I wonder if there is any way for the citizens and taxpayers to stop this dumping of 303 trillion dollars of derivatives debt on FDIC American tax payers”
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December 15th, 2014 @ 12:43 pm
This one single sentence says it all.
” We hold these truths to be self-evident,that all men are created equal,that they are endowed by their Creator with certain unalienable Rights, that among these is Life, Liberty,and the pursuit of Happiness.”
Citizens and Taxpayers can stop all of this Abuse, by simply withdrawing their consent.
Man’s authority comes from his/her Creator and they are equal to one another. We withhold consent and refuse to pay their debts. Let them pay, or default on their own debts.
The “self-evident truth” is just that!
December 16th, 2014 @ 1:24 pm
Orly: come January, Steve King (R)-Iowa, has plans to introduce a defunding measure-?-I believe.
And he will try to get support for this idea, which can be stopped, since it will be a new Congress, with several (citizen) members of Congress, who will close the bank!
December 17th, 2014 @ 1:42 pm
I agree with Michael. It’s scary, but it is the answer. We have to stop paying them to destroy us. Stop paying federal income taxes and also unsecured debts to the bankers. The beauty of this would be that most on the left would love an excuse (protest) to stop paying their bills. As an added bonus, banks would be forced to reissue credit in the future if they want to regrow.