Saturday, January 10, 2015

How could trillions of dollars be laundered from the Wash DC regime to Saudi Arabia? Why, through Citigroup, of course.

Via comment by Sioux on Obama’s Hawaii vacation is over, now it’s time for...

 http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/01/Citi%20derivatives%20in%20context_1.jpg

A clever reader with probably more knowledge of the Middle East than they would care to have put before me a very interesting question.  Is the US laundering money to Saudi Arabia through Citigroup in order to “hedge” against, or compensate Saudi Arabia for the drop in oil prices?

Well, it sure as hell looks like it.

I recently tweeted the reportage on the massive derivatives position being accumulated by Citigroup (the parent Holding Company) and Citibank (the bank held by Citigroup HoldCo) – $135 TRILLION.  Citi is adding roughly $10 TRILLION PER QUARTER, and the bank is now holding MORE derivatives than the parent HoldCo, which is unprecedented and shocking.

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