A Secretive Banking Elite Rules Trading in Derivatives

Once a month an elite team coming from the huge giants like JPMorgan, Chase, Goldman Sachs and Morgan Stanley, come together to protect the interests of big banks in the market. But they actually come together to ensure no other banks come into the market.

But big banks influence the rules governing derivatives through a variety of industry groups. The banks’ latest point of influence are clearinghouses like ICE Trust, which holds the monthly meetings with the nine bankers in New York.

Today our government is controlled by these banks. They control the market, trade and the prices of our fixed rates. If we continue on this path the Government will loose all sense of control and hand all the say in our country to the banks.