The Coming Financial Crisis Looks at the “Derivative Bubble” and How Banks Will Use YOUR Money to Recover

51CkNzqWvNL._SX312_BO1,204,203,200_.jpgby John Truman Wolfe

Click on title to buy: The Coming Financial Crisis


I talked to a friend today.

Smart Dude, but he hadn’t quite grasped this whole Bail In operation.

It’s important to know what is being planned here. Your bank account could be at risk.

So let me explain it simply.

A strategy has been devised by the Global Financial Mafia (and I use that term advisedly) to protect banks – particularly the large banks – from the financial calamity that is going to result from the explosion of the derivatives bubble.

What is the “Derivatives Bubble?”

Derivatives are essentially bets – yes, like Vegas – bets between financial institutions primarily on the direction of interest rates. One bank thinks rates are going up, the other thinks they are going down and they bet.

The bet becomes a security, like a stock or a bond.

Then people bet on those bets and others bet on the bets of the bets and the bets pyramid to….

Today, there are about $1.2 QUADRILLION dollars in derivatives on the planet. $1,200,000,000,000,000.

About $227 Trillion are held by U.S. banks. $227,000,000,000,000.

The figures are mind numbing.

Banks can use depositors money to help fund their derivatives.

We are talking fiscal insanity.

Warren Buffet has called derivatives, “Financial weapons of mass destruction.”

Sooner or later this bubble will break. Banks who made bad “bets” will suffer catastrophic losses…or will they?

With the new “Bail In Strategy” (designed by the world’s top central bank in Basel, Switzerland) banks that suffer losses and are failing can take money from depositor’s accounts and convert the money to bank stock.

You’re scratching your head now thinking, they can’t possibly take my money….

The trouble is that once you put your money in the bank, IT IS NO LONGER YOUR MONEY. It’s the bank’s money. Yes, they owe it to you. But you are an “accounts payable.” You are what’s called an “unsecured creditor.” And unsecured creditors are paid out from a failing bank after the derivatives holders – the bank itself.

How much they can take is a question, as the FDIC, in issuing a memo on this procedure for U.S. banks, specifically omitted any mention of deposit insurance.

To get the full story of who is behind this and how to protect yourself, read my new book, The Coming Financial Crisis A Look Behind the Wizard’s Curtain. Print or digital.

It is written in “plain english.” Learn what is in progress and how to protect yourself.

Knowledge is power. Get some.

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The NEXT 15 Points of Wisdom from ‘The Startup Whisperer” Chris Heivly’s New Book, BUILD THE FORT


Chris Heivly sold MapQuest to AOL for 1.2 billion and entered a rarefied group of startup kings. He’s also handled more than 75 million in investment capital on behalf of other companies. Instead of building a big house in Hawaii, he started The Startup Factory, the largest seed investment firm in the Southeast.

From Chris Heivly’s new book, BUILD THE FORT: Why 5 Simple Lessons You Learned as a 10 Year Old Can Set You Up for Startup Success

16. There will never be enough public data available to you that moves your brain to a place where it says – go do this, it is a safe bet.

17.Questions from your inner brain are evil.

18. Fear of failure is the mother of all fears.

19. Fear of future failure prevents good ideas and good founders from ever making the leap.

20. You cant execute month 30 without surviving month 3.

21. When I look back on every company I have ever run, I have just one regret; that I did not spend enough time on developing customers.

22. Spend too much time on product – your vision has outpaced the time allotted and your ability.

23. Cross co-founder support is a pretty cool ingredient early in the company formation and is easy in the honeymoon period.

24. Get to a place where you all feel comfortable exposing what’s rumbling around your head no matter how trivial.

25. Regardless of whether you are a first-time founder or if this is your third rodeo, advisors can help shape your vision.

26. Good advisors have this ability to see through the noise and help you find the core of what you are trying to do.

27. Determining the MVP unlocks your brain to identify the resources required now – not a year form now.

28. It is imperative that you build into the product, on day one, the hooks to track activity.

29. Being a CEO is about finding creative ways to gather resources with little or no cash.

30. I will never make a seed or early-stage investment based on research from Gartner, Forrester or IDC.

For even more wisdom from a startup great, read BUILD THE FORT: Why 5 Simple Lessons You Learned as a 10 Year Old Can Set You Up for Startup Success and explore Chris’s Inc. Magazine articles

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15 Points of Wisdom from “The Startup Whisperer”


In Build the Fort, author Chris Heivly breaks down his personal childhood fort-building experiences and uses them as an analogy to his journey as co-founder of MapQuest (sold to AOL for 1.2 billion) as well as The Startup Factory (a seed-stage investor & mentorship program). The result: BUILD THE FORT: Why Five Simple Lessons You Learned as a 10-Year-Old Can Set You Up for Startup Success. (click on the title to buy)

1.Most would-be founders stay inside the dream and never make the leap into reality.

2.Some entrepreneurs make the leap with unrealistic notions of how to maximize those first delicate steps.

3.By, definition, first-time founders have no context, feeling or understanding.

4.I am not aware of one business that exists solely inside your own head.

5.Over half the features you are thinking about will never be used yet paid for.

6.Your job is to find the most productive and efficient path to success for your product and business.

7.Pushing your idea out into the world gives the idea a life beyond just you.

8. Each socializing opportunity is a chance to hone your words.

9. Overwhelming me with detail before I have a chance to understand the big picture works against you.

10. The world is littered with decent products that never find a customer.

11.Your task as CEO is to garner the resources necessary to execute on your vision.

12. At its core, networking is a pay-it-forward exercise.

13. Entrepreneurial DNA has a built-in give-back component.

14. As an investor, I want to see that you need to make this idea work at any cost.

15. Your risk should be commensurate with my risk.

Want more Chris in addition to buying Build the Fort? Read his articles for Inc. Magazine here:

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“The Startup Whisperer” Gives It Up in His New Book, Build the Fort


/Beth Wareham

Chris Heivly has earned his place at the startup table.(

He sold MapQuest to AOL for 1.2 billion and is now a co-founder and director of The Startup Factory, a seed-stage investor and mentoring program in the exploding East Coast start-up environment.

Below are just a few of Chris’s wise observations. The only way to have them all, of course, is to purchase BUILD THE FORT. (Click on title to buy.)

This book is so simple and clear, you could use it to start a lemonade stand or begin manufacturing rocket engine parts. Chris uses the simple analogy of putting together a fort with his childhood friends and how the same principals guide how he builds companies today. It’s part Who Moved My Cheese?, part Lean Startup.

Being a CEO is about finding creative ways to gather resources with little or no cash.

I will never make a seed or early-stage investment based on research from Gartner, Forrester or IDC.

Data is awesome and your first chance to separate your idea from the other startup ideas.

There is a large benefit — at this stage of the company — to have everyone within shouting distance from each other.

I have the same passion for office furniture that some women have for shoes.

Shoot too big and you never get enough data, traction and momentum to get anyone interested.

Think in three month chunks and ask yourself, “what do I need to get me to that three month milestone.

. . . yes you can solve every single one of your mini-walls but eventually you run out of energy.

Find a way to gather the critical parts as quickly and cheaply as possible.

There is not a day that goes by when I don’t think to myself, “Chris — you needed to spend more time on acquiring customers.

Feel secure in the opportunity to create customer momentum with a realistic number of initial customers.

Raising investment dollars on an idea today is foolish.

The rest of us need to raise money based on data and traction.

Dreamers fail because they could not execute fast enough.

Winners optimize time by concentrating on the parts of the business that are critical at this immediate moment.

Your asset gathering tasks must be in sync with what the team can accomplish without losing energy, traction or momentum.

There is no room in a startup for perfection freaks.

Your vision as perfect as it appears is unattainable at this startup moment.

It takes an awfully self-aware startup CEO to navigate these waters effectively.

The more I jump the easier each jump gets.</strong

If you can’t actually go through Chris’s program at The Startup Factory ,
buy Build the Fort. It’s the next best thing to being there.