The trillion dollar Dragon Family law suit

[FooSnik]

so i have been fascinated by this, ever since i read about it on ben fulford's blog, for the simple fact that it calls out the vatican illuminati, the masons, the "trilateral trillenium tripartite gold commission," and the u.s. federal reserve.

and this plaintiff, "the dragon family" makes the whole thing sound like a really good crime novel. but it's not a novel, it's real.

but i just don't see how this law suit, which from what i understand is to recover the bonds that were stolen from neil keenan, is "the trillion-dollar lawsuit that could end financial tyranny" as david wilcock claims. all david says is that this lawsuit "is the single biggest real problem the powers that were have ever had". i mean, how is a trillion dollars even a problem at all for this cartel that, according to david, controls millions of tons of gold?

so my question is this: how exactly is this "big problem" going to lead to the end of the cartel/cabal's reign?

thanks in advance.

[adrianIII]

perhaps part three will address this... or any subsequent parts if there are more than three. i would like to request that any reference to the death threats be removed from the site now. it seems that the crisis has ended, so no more need to keep it alive, so to speak.

[PriestOfLight]

so my question is this: how exactly is this "big problem" going to lead to the end of the cartel/cabal's reign?

i would say it presents a problem because it opens up a whole can of worms. when the people on the stand get to testify they will have to be questioned. as those questions come out, the answers will implicate others and open up new possible lawsuits and the possibility of certain people becoming charged with treason. the case will be very public i would bet and i doubt it is going away if the dragon family is as powerful as they say.

i am still cautious about the whole situation. at this point all we have are underground rumors and speculation up till now. this is the first emergence into the public domain of this nature. i also wonder if history is repeating itself. it wouldn't be the first group that tried to rewrite history in their favor.

priest of light

[Saïd]

i think this lawsuit might have a symbolic meaning with many more and bigger to come after it unwinds. the first in a long row of dominoes, if you will. and keep in mind the alleged much bigger secret lawsuit within the bis that is said to have been won by the dragon family as of december.

i am expecting more and more high level fraud to be exposed in the coming weeks and months. once it is obvious how corrupt the whole system is (which has already been shown at many places), critical mass will be reached and they won't be able to conceal it any longer.

[Apophis]

i mean, how is a trillion dollars even a problem at all for this cartel that, according to david, controls millions of tons of gold?

if i read the article correctly, it's saying that the cartel got a loan for the tons of gold, and now the people who loaned them this money want it payed back with interest.

[scottki]

listening to the dw camelot interview and am loving the et callers mix of northern irish gangster and australian/south african/american accent!

re part 1 i noticed that dw now thinks obama is part of the cabal. or did i get that wrong? also if we do have the military in government, it will look like a military dictatorship.

re the synchronicity, when i clicked for part 2 there was 5666 likes on the fb icon!

i wish there were more interviews with the anonymous caller! the whole gold story makes so much sense.

[FooSnik]

if i read the article correctly, it's saying that the cartel got a loan for the tons of gold, and now the people who loaned them this money want it payed back with interest.

i thought back around 1877 or so is when the europeans went into asia, forced japan to modernize, and then used japan to steal china's gold. china had a large portion of the world's gold at that time because of the spice and fine china trade.

but the law suit is not about that. the law suit, specifically, is neil keenan's grievance against the italians for taking all of the bonds the two asian men had in their briefcase at the border of italy.

but... those bonds were meant to be stolen in the first place, according to dw. it was a set up to bring about a court case of this nature.

@ priestoflight... i agree with your stance on the matter. i am not getting my hopes up by any means. it is entirely possible to bring down one cartel just to have another cartel take over.

@ said: i am inclined to think along the same lines. it is just about publicity. this court case may serve to be the first step in turning "conspiracy theory" into "conspiracy fact".. if you will.

[daven]

this is my first time posting here. i've usually posted in the main comments section under the name of the "asian brutha." yes, i am asian. asian american in fact.

i felt the need to respond to this because i think along strategic and systems analysis lines. i have a talent for dissecting very complex systems and putting them back together again, and would like to explain the profound implications of this lawsuit in this three part article.

we're looking at the final stages of the greatest financial/geopolitical chess game ever played. you have two powers in opposition. on one side, is the west. on the other, is the nonaligned nations lead by china. in order to understand the game you need to setup the chess board as follows

1.) the debt/fiat fractional reserve banking system
2.) us treasuries and treasury interest rates
3.) the largest financial bubble of all time, the derivatives bubble
4.) the role of us treasuries within the derivatives bubble

and then see the moves as follows

6.) asia's gambit
7.) the golden triple knight fork and lawsuit fianchetto
8.) checkmate

so let's begin.

part 1/3

1.) the debt/fiat fractional reserve banking system

the fractional reserve banking system is a topic explained in the chicago federal reserve's book "modern money mechanics." an excellent educational source on this is paul grignon's "money as debt" series of educational videos on youtube. the videos are recommended by economics professors, and my favorite econ lady, catherine austin fitts who used to be the president of a bank.

the important lesson is that banks maintain a minimum cash/deposit reserve, and using a multiplier, issue loans based on that reserve. the bank can issue 10x to 33x, and in the case of the federal reserve leverage ratio, 53 times the amount of money as loans.

so, if the fed has $1000 in the vaults, it can issue $53,000 dollars out of thin air using key strokes on a keyboard.

the fed's reserves are composed of deposits made by the us treasury income taxes. this includes taxes directly deposited, and taxes that are used to pay interest on treasuries.

the us treasury makes a deposit in the federal reserve. each deposit is composed of federal reserve notes, which the fed issues. the fed than enters in a computer 53 x the deposit, and creates that much money as loans. this is credit. it then loans that money out to commercial banks at a set interest rate. those banks than use that credit either as currency, which is cash in your pocket, or for the basis of more loans. hence the reason why each dollar note in your wallet is a unit of debt.

there's a strange thing going on here. the federal reserve issues the currency. it also issues the credit. so in order for it to purchase us treasuries, it simply needs to multiply it's deposit by whatever arbitrary number it wants, which it can then use to purchase treasuries. the system, looks a lot like this.

http://divinecosmos.com/forums/attac...6&d=1324715278

2.) us treasuries and interest rates.

us treasuries are government notes, bonds, and bills. they are loan documents, iou's that the federal government prints. this is how the government raises money to fund it's operations. treasuries are sold to buyers with the gaurantee that you will get the principal back and interest after a set amount of time and are composed of t-bills, notes, and bonds.

treasuries are funny animals. typically for any product, according to supply and demand, when demand is high, prices go up. when demand is low, prices go down. however, in bonds, when demand is high, interest rates go down. that's because so many people want them, the government can sell them at low interest rates. this is great for governments because it means the interest burden is low, and more tax dollars can go to other gov functions.

when no one wants treasuries, interest rates go up to give a better rate of return in order to attract investors. if you look at 3rd world countries, many of them have bond returns up to 25%. that's because no one wants to buy them due to the country's poor economic conditions.

right now, in the middle of the western financial crisis, treasuries interest rates are practically 2%. everyone's running to the usa, because the usa is "relatively" safe.

us debt is 15 trillion, which means that there are 15 trillion in us treasuries held by all kinds of investors. the top holder of all us treasuries is the federal reserve with 5.7 trillion in treasuries.

asia has 3 trillion treasuries. of that number, china has 1.5 trillion in treasuries.

an important point regarding treasuries is the interest rate is paid directly by us taxpayers. now you know why the irs agents are typically armed with pistols when they're just coming in for an "audit."

contd. in part 2

[FooSnik]

very well written. all of economics is a tricky animal. can be so convoluted. but you do a good job of clarifying it all.

i eagerly await part 2 and 3.

[daven]

part 2/3

3.) the largest financial bubble of all time, the derivatives bubble.

the biggest financial bubble of all time is the derivatives bubble. essentially a derivative is insurance on a commodity. when it's used properly in this context, a derivative is helpful because it can help farmers lock in prices for their crops, and fuel users lock in prices for fuel costs.

but, when glass-steagals was removed under clinton, goldman sachs invented a derivative which is insurance on a loan. when a bank issues a loan, it takes a risk. to remove risk, the bank buys an insurance policy in case of default, called a credit default swap, or cds.

insurance essentially is a bet. take health insurance. you bet the insurance company a small amount each month that you won't get sick. the company wins each month you're healthy, and takes in your monthly fee payment. but, if you get sick, the insurance company's side of the bet is to pay out a sum for your health costs.

cds's are similar in concept, with two major differences:

1.) a bank can take out multiple insurance policies on one loan.
2.) you don't need to issue or receive the loan to get insurance on that loan. you can take out insurance on someone else's loan! this is no longer insurance - it really is a bet.

the monthly or quarterly payments on those insurance policies make up the bulk of large investment banks and hedge fund's revenues. that's why they rigorously defend derivatives against regulation. that's why even after the 2008 crisis where derivatives in the form of cdo's demolished lehman brothers and aig, and today cds's smashed mf global and dexia, those same banks still increased their derivatives number to astonishing levels.

it's that lucrative... and dangerous.

satyajit das is the world authority on derivatives, and author of the seminal book on it, "traders, guns and money: knowns and unknowns in the dazzling world of derivatives". he lucidly explains how cds's work in this clip from the academy award winning documentary "inside job."

http://youtu.be/nuwu9g87rkm

the reason why the derivatives bubble is the largest financial bubble of all time is because of the value of all derivatives that exist in the system. here's the bis (bank of international settlements) own document on the current number of "known" otc (over the counter) derivatives.

http://www.bis.org/statistics/otcder/dt1920a.pdf

listed on line 1, jun 2011 - $707,569 billion, aka $707 trillion. and that's just otc. that does not include the arcane world of credit derivatives!

to put that in perspective, the real world economy, in $, of the usa is 14 trillion. the world gdp is just about 60 trillion. 707 trillion is over 10x the world's gdp. current estimates range from 707 trillion otc derivatives, to a total of 1 $quadrillion in derivatives if you factor in estimates on credit derivatives. that's 1000 trillion dollars... on the books.

some analysts scoff at that number. they say, "well that's just a notional amount. it does't exist. there isn't that much money in the world! it's just used to calculate percentages for payments, so it's not important."

this is why the notional is critically important.

you have a $100,000 loan. the bank you get the loan from, insures the $100,000 with a $100,000 policy. that's $200,000 in the books, one is a loan, the other is an insurance policy. then 100 people also take out $100,000 policies on that same $100,000 loan.

so that's 102 x $100,000 on the books. that equals $10,200,000 - that's the $100,000 loan and $10,100,000 in insurance policies. that's just one loan. that $10,200,000 is the notional number. that's the preposterous number on the books. when that single loan goes south, guess how much money is paid out?

$10,200,000.

that $100,000 loan got leveraged 102x.

that's why financial institutions prefer large credit risks, because the worse the risk, the faster the default, and the bigger the payout.

this is plain and simple insurance fraud. for small time offenders, this is a felony punishable by 5 years in prison and a $50,000 fine.

but this fraud is on the scale of 700 to 1000 $trillion.

4.) the role of us treasuries within the derivatives bubble

insurance companies like aig aren't the only companies that sell cds's. cds's have been sold by jp morgan, citigroup, bank of america, hsbc, goldman sachs, and many other "fine" financial institutions on loans for other banks, companies, and even countries. like greece, italy, all of europe... and on us treasuries.

there are derivatives on us treasuries. a lot of them bet that us treasuries won't lose value or go up in interest rates. some bet that the rate won't go up by just 1%.

this sets up the board. in part two, i'll detail asia's gambit, the golden triple knight fork and lawsuit fianchetto, and checkmate