UNITED STATES of America  -  It can now be reported that banks in most Asian nations, including Japan and China, are at minimum, 12 to 1 over-leveraged in their major hedge funds.At this hour, major banking hedge funds in Singapore, Japan, and China face collectively $5 TRILLION in margin calls tied to naked option derivative trading in foreign currencies, gold, oil and stock index future contracts.

Reference: U.S. banks, including the conspiratorial Federal Reserve, are 80% exposed to this Asian meltdown, as they are 80% exposed to the financial fiasco affecting the European Union.

Note: The recent agreement among European Union members to 'bail out' Greek banks and effectively pay off Goldman Sachs is based on, listen to this, a derivative installment plan aka a new Ponzi Scheme!

We will detail this more later in this intelligence briefing.

At this hour, loser and dysfunctional current U.S. Secretary of State, lesbian in-the-closet Hillary Rodenhurst Clinton, and U.S. Treasury Secretary Timothy Geithner are in North Korea meeting with Chinese government officials discussing the financial emergency that is sweeping over Asian markets.

Note: This Hillary-Geithner trip to North Korea has nothing to do with national security.  It is has everything to do with money!  That is why Geithner is with Hillary.

Reference: North Korea is a puppet state of both the United States and China and has been used for years in conducting military and financial 'black ops' that benefits the interests of both the United States and the PRC (People's Republic of China) and, in general, the criminal interests of the Bush-Clinton Crime Family Syndicate.

Here are some examples of how North Korea is being used:

Item: Sources close to the U.S. Treasury are reporting that the U.S. and China are plotting to flood the entire world banking system with off-the-books  counterfeit  currency in an attempt to stabilize the Asian financial market and 'bail out' G.E. Capital, a subsidiary of General Electric.

GE Capital is at least 20 to 1 overextended in derivative exposure in major Japanese and Chinese banking hedge funds.
We can also divulge that ABC Network faces financial collapse given their overexposure in derivative trading in major Chinese banks.

Current New York Attorney General Andrew Cuomo has connected  illegal  trading of ABC Network stock with the Federal Reserve Bank of New York, the Israeli Discount Bank and the Bernard Madoff Ponzi Scheme.

The proceeds from this illegal trading of ABC Network stock were then laundered through the Asian hedge funds that are currently facing collapse.

P.S. The recent agreement by European Union members (recently approved by the German Parliament) is nothing more than an installment plan designed to buy time.

The plan aka the latest Ponzi Scheme involves cross-collateralization of worthless toxic assets and other worthless derivatives held by major European and U.S. banks.  Cash involved in this latest Ponzi Scheme is at most a penny on the dollar.

The question now, not being reported by the corporate-controlled, fascist, extortion-friendly U.S. media, is whether the Bank of International Settlements will approve aka go along with the financing of this latest European Union 'bail out'.

The problem with this installment plan aka Ponzi Scheme is that, because of the insolvency of the Deutsche Bank, the commercial paper market has dried up.

Reference: Commercial paper is used by banks to establish 'letters of credit' aka loan money to each other.  Since the alleged 'flash crash' took place in the U.S. stock market over a week ago, thanks to U.S. Treasury and European INTERPOL investigators, with the use of PROMIS software, the toxic derivatives have now been totally exposed.

The use of electronic frequency trading has now been identified as fraudulent activity.  Electronic frequency trading involves the use of derivatives, not cash, that is used as margin for the purpose of trading on major U.S. stock and commodity exchanges.  Electronic frequency trading also gives criminal firms like Goldman Sachs and J.P. Morgan a 3-second lead time when placing their transactions.

We now see, folks, why Hillary Clinton and Timothy Geithner are over in North Korea demanding that their stooge, North Korean President Kim Jong-Il, turn on the counterfeit ATM machine.

Question: Could it be the cash proceeds from this Bush-Clinton Crime Family Syndicate worldwide PONZI SCHEME has been identified and now the box gang has to replace the money some how.

We might also note that the North Korean President Kim Jong-Il had his weekly visit from the Swedish hookers that the U.S. State Department has furnished Kim with for years to do the bidding of the Bush-Clinton Crime Family Syndicate.

British Petroleum oil destroying Louisiana fragile marshes AP

 

P.P.S. At this hour, the British Petroleum (BP) oil spill has become an environmental catastrophe now threatening the ecological base of the entire world.

There is a large hole in the Gulf of Mexico that was first created by the explosion that took place at the British Petroleum platform.  There is now a massive frozen oil blob that has filled in this hole, which is now full of methane gas.

If this frozen oil blob explodes it can wreak the damage of a nuclear bomb, with the strength equal to the atomic bomb that struck Hiroshima, Japan.

 

May 17th NASA photo shows the British Petroleum oil slick into the Gulf Loop Current

NASA Goddard Rob Gutro

Note: The water supply of the entire Southeast Region of  the United States continues to be threatened with chemical contamination.
  We can now also divulge that the Obama Administration allowed British Petroleum, Richard Cheney's Halliburton, and Transocean Ltd to drill in the Gulf of Mexico 35,000 feet under the ocean floor, which was beyond the  legal  limitation of drilling called on by Obama's own Environmental Protection Agency (EPA).

Related: 

P.P.P.S. President Barack Obama recently released frozen Russian government funds that were tied to the government of Iran.  The funds were originally frozen by the previous BushFRAUD Administration after BushFRAUD declared Iran a terrorist state even though the BushFRAUD Administration and Iran were actually negotiating mutual interests in Afghanistan, including construction of an oil pipeline that would benefit both U.S. aka Halliburton and Iranian interests.

The release of the Russian funds, which were held at the Bank of America in Charlotte, North Carolina, represents nothing more than a direct BRIBE by the Obama Administration given to former Russian Federation President and current Prime Minister, Vladimir Putin, as to go along with a Western attack on Iran's nuclear installations with this to be staged in July of this year, 2010.

Note: The aerial attack on Iran will commence from a secret U.S. military base in Yemen.

Isn't it interesting that a  secret   U.S. military base exists in Yemen, the same nation that was recently declared a "terrorist" nation and singled out in exporting terrorists.

Whether it is Yemen or Pakistan it is  no  coincidence that these alleged allies of the United States are the same place that manufactures the alleged terrorists.

Remember, folks, former White House occupant George W. BushFRAUD released and sent home dozens of alleged Yemenese terrorists from Guantanamo Bay, who were actually nothing more than Israeli Mossad assets, who then blended back into Yemen to create more phony terrorists.

We can also report that the alleged Times Square Pakistani bomber was in cell phone contact with a Pakistani military officer at the time of the alleged New York City Times Square bombing plot, who was actually part of the U.S.-Pakistani-Osama bin Laden task force.

In other words, folks, this Pakistani military officer was part of the team searching for the long deceased, since December of 2001, U.S. CIA asset and 9/11 patsy, Tim Osman aka Osama bin Laden.

This same Pakistani military officer then spends his weekends in New York City masquerading as a terrorist.

As you seek, folks, it is almost laughable.

Final note: He is baaaack!  That is right, scumbag Greg Craig.

If you need any more proof that the current  'civil'  case brought by the Obama Justice Department against criminal brokerage firm Goldman Sachs is nothing more than a box dance and a cover up of bigger crimes, then listen to this, folks.

Guess who is representing Goldman Sachs in their current litigation with the U.S. Justice Department.  The answer to that question is none other than "Skull and Bonesman", former Obama White House Counsel and Bush-Clinton Crime Family Syndicate stooge of the highest order, Greg Craig.

"Skull and Bonesman" Gregory (Greg) Craig embraces Obama (r)