Wall Street Puts the ‘Debt’ in Debtonator! Oil Prices, Derivatives Light Fuse on Wall Street Time Bomb!

• The Synagogue of Satan operations known as Wall Street and the City of London have 1 final card to play: their Satanic WW3! There is more than money at stake here! We are rapidly approaching the final 7 years (prophetic week) of the Biblical endtimes. Emphasis mine:
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• Wall Street Puts the ‘Debt’ in Debtonator! Oil Prices, Derivatives Light Fuse on Wall Street Time Bomb! 
  by Paul Gallagher,  https://larouchepac.com/ 
  It is becoming clear to more experts on debt in the trans-Atlantic banking system, that the outrageous mid-December power play by which Wall Street banks forced Congress to grant FDIC insurance to their commodity and credit derivatives, was directly linked to the oil and gas price collapse. This outrage in Congress may lead to the government bailing out Wall Street banks in crisis, sooner than any of the suborned members of Congress thought when they went along with urgent telephone calls from JPMorgan Chase CEO Jamie Dimon and from the Obama White House. The impact of the oil price collapse in the derivatives markets is a time-bomb for an already bankrupt Wall Street.
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  That mid-December bribery-and-corruption orgy was led by Citigroup, JPMorgan Chase, and Morgan Stanley banks (along with their stickman, Barack Obama). Those three banks, along with Goldman Sachs, are the most exposed to oil/gas sector debt— which has been ballooning by an average $100 billion in net new debt per year for a decade—and to $20 trillion in risky commodity derivatives exposure which has now put them in trouble. Citibank has the largest oil debt exposure, approximately 7% of its total asset book, and Citi was at the center of the “budget bill” wing-ding which put the Federal government back on the hook for the coming commodity derivatives losses by these banks. Citigroup is now the target of a “break up Citigroup” campaign proposed by MIT economist Simon Johnson and which will have some bipartisan support in the Senate of the new Congress.
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  The oil price collapse began in late October as the collusion by U.S. officials with Saudi Arabia’s monarchy to hit Russia with an “oil sanction”; but it has gone out of their control. Notably, on Dec. 20, it was not Russia whose credit was downgraded, but the European oil majors BP, Total, and Shell, all placed on negative credit watch by Standard and Poor’s. The oil majors have been loading up with debt for a decade, with an emphasis on paying dividends and buying back their own stock. That debt was piled up despite the fact that demand for oil and gas, throughout the trans-Atlantic economies, has become more and more depressed since the 2007-08 financial collapse. The sector now has roughly $1.6 trillion in debt with—if oil prices remain in the $50 per barrel range—not much more than $300 billion in revenues, a highly leveraged situation. Keep in mind that during December, the natural gas price has also plunged by a third, down to the range of $3/cubic foot.
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  Junk Debt Markets Shake
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  read more!

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