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Post by 3bid on Jan 2, 2016 9:37:16 GMT -5
A short clip about returning to an asset-backed currency [global reset], from a Jeff Rense show that aired in November, 2015. I don't know who the guest was.
jumpshare.com/v/WPGrlPS5JSts35pm6RaM
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Post by thunkerdrone on Jan 14, 2016 21:29:21 GMT -5
goldengriff DIAMOND MINER about an hour ago blackknight60 and latteplease like this. Post by goldengriff on about an hour agowww.youtube.com/watch?v=dHR_s1BgCX8Side note from me. There will NOT be only one world financial choice, there will be many. Traditional banking will HAVE competitors, you will have a choice other than the established system So I don't totally agree with parts of this video The main purpose for posting this is give a clearer understanding of timelines and the SDR GG here's an interesting recent video from same channel:
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Post by imSINGLEruRICH on Jan 17, 2016 9:46:58 GMT -5
World Rushes to De-Dollarize Oil Trade Before US Economy Crashes and Burns January 16, 2016 5 minute MP3 in the link as well-----> thedailycoin.org/?p=59303 The Precious Metals Backed Debit Card - Dale Olmstead InterviewPublished on Jan 15, 2016 How The Fed Is Killing The Global EconomyPublished on Jan 15, 2016 China-led Asian Infrastructure Investment Bank Opens Without the US
Published on Jan 15, 2016 Mark Weisbrot of CEPR says the institutions of global governance, especially the ones that have actual power, have historically been controlled by the United States - this bank marks a departure from that trend.
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Post by imSINGLEruRICH on Jan 27, 2016 15:52:09 GMT -5
There Are No Atheists in a Foxhole! January 26, 2016by Bill Holter JSMineset via, SGTReport There can be little contention the world is experiencing an economic slowdown. The problem is this; the slowdown is occurring at a time when credit levels have never been higher than they are today. The logic is simple, less activity, less turnover, less velocity of money with such high levels of debt make the debt unpayable. This is the classic case of deflation the Dent’s and Armstrong’s of the world speak about …but they all stop one step short of where this really ends up. I have noticed recently via e-mails and comments, “they can do this forever, nothing will stop them from printing and doing QE so nothing will change” is almost becoming a national mantra. I would say, “well, yes, until it does not work any longer”. If we look at just one market alone, the oil market, it is clear the point of “unsustainability” has been reached.
In the oil patch alone, the amount of bad and nonperforming loans has exploded. Because of the fractional reserve nature of the global banking system, bad oil loans by themselves are probably enough to wipe out the underlying equity of lenders. My point is this, we now face the other side of the coin in the debt markets. What was “good” is no longer because new marginal debt does not produce growth, in fact it now only speeds up the moment of systemic seizure! “Slowdowns” in the past were turned around because governments, central banks, lenders and businesses had the ability to reflate. This ability is now gone as the episode since 2008 has been an “all in strategy”. The ability to borrow more is largely gone by any and all entities including central banks and treasuries. The amount of unencumbered assets available is nonexistent as new collateral is also largely gone. The ability to “reflate” does not exist in any corner of the financial world.So here we are at a point in time where reflation is no longer possible and the deflationists are being proven correct. They are correct in regards to a credit system working in reverse with a negative feedback loop stoking a deflationary death spiral. There is just one small problem, what will happen to the currencies of these issuers (including and especially The Fed) who are also caught up in the negative feedback loop? This is THE biggest and most pressing financial question you will ever face in your lifetime. Will the currencies survive and thrive in the deflation or will they be seen for what they are, IOU’s of bankrupt issuers at the very center of the credit crisis vortex? If you answer this question incorrectly, you may end your own financial life. The key to this question is what will assets “deflate” against”? The answer of course is as it has always been, “money”. While Martin Armstrong will have you believe “gold was devalued versus the dollar in 1934″, I assure you it was quite the opposite. And while Harry Dent will have you believe the “dollar” was THE best investment in the 1930’s, again I assure you he is wrong! Dollars were “derivatives” (derived from) of gold. They were freely interchangeable at banks until 1933, then the dollar was devalued from $20.67 cents to $35 dollars required to purchase one ounce of gold. In other words, it took nearly 75% more dollars to purchase an ounce of gold… end of story, gold was King during the last and only deflation since then, dollars (and other currencies) were and will be devalued versus gold. The two most important aspects of gold is it cannot “bankrupt” nor can it be freely “printed”. Those who say the U.S. can never “go bankrupt” because the debt is in dollars and we will just print more are 100% correct but horribly wrong! Correct, the U.S. can print any amount of dollars necessary to pay off debt. This still doesn’t mean they do not “default”. In other words, if Wimpy fails to give you a promised hamburger next Tuesday but instead promises you a hamburger every Tuesday for the rest of his life, where’s the beef? It never ever comes just as there will be zero value to any dollar bill should the U.S. decide to print the $trillions needed to avoid default. This falls under the crazy category of SUPPLY AND DEMAND! In case you don’t understand what I just said, “old” dollars will become worthless as they became over printed to avoid “default” …devaluation is a default in its own right. In the meantime while we wait for the currency event termed “hyperinflation”, we must navigate a deflationary environment where credit is drying up everywhere you look. It should amaze you that the world is facing a liquidity crisis after all the trillions of digital currency units added to the system since 2008… it seem almost impossible to have a lack of liquidity doesn’t it? But this is the fact we face globally and what threatens to shut the system down, no liquidity!
Taking this two steps further than the deflationists, what exactly will happen once credit does collapse and the spigot gets shut off? In the case of the U.S., we most likely will “print” to the point of full (rather than the current partial) monetization of all the debt. This printing will be done by a bankrupt entity with more IOU’s around the world than can be humanly counted. How will the massive supply of dollars issued by a bankrupt and fraudulent issuer possibly be a “good thing” for value of dollars? This thought process no matter how simple seems to be two steps too far for the deflationists! The real world result of credit freezing up will amount to a national and probably global hunger fest. For those of you who just recently went through the northeast winter storm, what did the shelves of your local grocery store look like going into Saturday morning? Could there be a bigger storm than existing credit collapsing and new credit no longer being issued? I find it incredible that the aspect of credit is almost never connected to “distribution”. Forget about actual farming or production needing credit to function, how will product make it to store shelves without credit even if it does “grow”?
Folks, when I use the word “grow” I am talking about FOOD! Even if you are part of the “government will never let it happen” or “they can just print forever” army, what if you are wrong and instead common sense is correct? How will you fare when “WHEN” comes since “IF” has already left the building? Without a doubt, the alarm clock wake up call for a sleeping public will be when their stomachs start growling. Nothing will make stomachs growl more than an overleveraged system with no credit forthcoming! On a side note I have a prediction for you. When credit does collapse, “Jesus Christ” will surely make a comeback for some. No, I would never try to predict the timing of His second coming nor would I ever want to offend the non believers out there. When credit ceases we will see the absolute worst humanity has to offer, and as the old saying goes, “there are no atheists in a foxhole when the bombs are dropping“. In the aftermath, I predict the world will turn to whoever their God happens to be and religion will make a long overdue comeback! Please, don’t throw any flaming e-mails my way as I am not trying to turn this into a God or religious site. What I am trying to say is simply; without a doubt we will exit what is coming with grossly changed social values, ideas and beliefs. While truth, honesty, one’s word or whatever are seemingly meaningless today, this will not always be the case. History has shown the need for great calamity and upheaval to force change. A great financial calamity is mathematically coming, great “change” in values of all sorts will result!
Standing watch, Bill Holter Holter-Sinclair collaboration thedailycoin.org/?p=60458
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Post by imSINGLEruRICH on Feb 2, 2016 13:59:23 GMT -5
Iceland Forgives Entire Population of its Debt. Total US Media Blackout.February 1, 2016 in News by RBN via: Disclose.TV Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.
The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.
If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story.
This is TOTAL MEDIA CENSORSHIP and a TOTAL MEDIA BLACKOUT, and it should tell you who owns and runs the Media in America.
We are allowed to see a tortured, bleeding, dying Gaddafi anywhere, but we are not allowed to know about Debt Forgiveness.
If you Google “DEBT FORGIVENESS” About 1 million 850 results. Not one of them talks about forgiving debt. Okay, 1 does.
But still, out of over a million and a half results. The MAINSTREAM MEDIA totally censors anything to do with Debt Forgiveness. The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries.
It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008. Iceland Forgives Mortgage Debt for the Population.
Putting Bankers and Politicians on “Bench of Accused” This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population.
They are putting the bankers and politicians on the “Bench of the Accused.” Which means I assume they are putting them on trial for corruption. Now the rest of people of the world need to start doing the same thing.
We all need to stand up and against all the corruption and fraud of the banks and politicians that are puppets of the banks and corporations.
The beauty of it is that they will have a load of cash to circulate into the economy and into service industries etc…instead of feeding it to the parasite bankers and out of the economy, great idea. If it was warmer I’d move to Iceland. This could very well be the first chime of many to signal the Death of the World Banking System headed by our ‘good’ friends the Rothschild’s.
Iceland Strikes the First Major Blow Against the World Banking (Fraud) Cartel. This is what can immediately put money into the hands of many American’s. The Us Government through Fannie Mae, Freddie Mac and FHA own 96% of all bad housing loans.
Many have stated, that in effect, “The US Government is Foreclosing on itself.” This is the very definition of Insanity. It is a form of Suicide. Major Banks only hold 3% of bad housing loans, 3%! This is not a banking problem, it is a Government problem, they hold the loans!
We were just about to do a story on America Foreclosing on itself when this article came across our computer. Times have just gotten brighter.
republicbroadcasting.org/news/iceland-forgives-entire-population-of-its-debt-total-us-media-blackout/
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Post by imSINGLEruRICH on Feb 2, 2016 14:00:36 GMT -5
quote author="@ducnaltum" source="/post/173151/thread" timestamp="1454409533"] Chinese Gold takeover goes stealth as demand gets hidden January 31, 2016from Truth in Gold
The Shanghai Gold Exchange has stopped publishing its weekly gold withdrawal figures, forcing the market to lose its “best measure of Chinese wholesale demand,” according to Koos Jansen, precious-metals analyst and Singapore-based bullion dealer.
Jansen, well known for his analyses on the Chinese gold market, pointed out in a blog post, that the SGE’s Chinese Market Data Weekly Reports on the first two trading weeks of this year don’t list gold Vault withdrawal figures. He said the SGE told him those figures will no longer be published.
“SGE withdrawals provided a unique transparent metric for Chinese gold demand and [they’re] gone,” said Jansen in his blog. They provided a “spy-hole” to track the Chinese gold market.
There are rules and tax incentives in China that “push all physical gold supply to be sold over the SGE. The amount of gold that is withdrawn from its vaults equals physical gold demand,” he told Markethingych, by email.
The market can only guess why China decided to stop publishing the data. But Jansen suggested that with the withdrawals from the vaults of the SGE being watched by an increasing number of analysts around the world, “the Chinese judged these figures had become too sensitive and discontinued publication since January 2016.”
Similarly, Julian Phillips, founder of and contributor to GoldForecasteR, said the “significance of the hiding of accurate figures in China” is to prevent that picture of the gold market “from inciting speculators and investors outside of China from buying gold on the back of Chinese demand.”
It’s an “attempt to muddy the waters of the gold market, while China takes control of that market,” said Phillips.
China has a history of holding back gold data. Back in July, the People’s Bank of China published figures on its gold reserves for the first time since 2009. Read: China finally says how much gold it has, but nobody believes it.
Whatever the reason for the lack of SGE withdrawal numbers, the fact that China stopped publishing the data “once again strongly confirms the importance of these numbers from the past,” Jansen said.
Here’s what the withdrawals looked like over time, as of the end of December, versus the Chinese yuan prices for gold in grams, according to BullionStar:
Brien Lundin, editor of Gold Newsletter, pointed out that mainstream industry groups like GFMS, Metals Focus, CPM Group and the World Gold Council “never recognized this data in the first place so this will, in essence, be a nonevent for them.”
Koos explained in a blog last year that figures on Chinese gold demand from Western consultancy firms differ from the SGE vault withdrawals because of “contrasting metrics.”
Even so, “for those of us who placed great confidence that SGE withdrawals reflected domestic Chinese demand, it will be a great loss,” said Lundin. thedailycoin.org/?p=61064 [/quote]
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Post by imSINGLEruRICH on Feb 15, 2016 10:51:15 GMT -5
GLOBAL COLLAPSE & THE MARK OF THE BEAST -- BILL HOLTER Published on Feb 14, 2016
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Post by Duc N Altum on Feb 22, 2016 11:22:40 GMT -5
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Post by Duc N Altum on Feb 22, 2016 13:05:38 GMT -5
Euronext Breaks: All Derivative, Currency Future Trading Halted
Tyler Durden's picture Submitted by Tyler Durden on 05/29/2015
Usually the market breaks don't take place until after the selling begins. Today, someone in Europe got triggerhappy, and as a result moments ago the Euronext broke. Or perhaps this is just another drill for the "big one". The details:
SERVICES IMPACTED: Market Data, Trading
MARKET: Euronext Derivatives Markets
PRODUCT: Commodity Futures, Commodity Options, Currency Futures, Currency Options, Individual Equity Options Brussels, BEL20 Futures, PSI Futures, BEL20 Options, Index Dividend Futures, Single Stock Dividend Futures, Belgian Single Stock Futures CATEGORY: Data issue
Due to a market data issue, trading has been halted on the BO,BF,FF,FO,MF,YF,YO,RF,ZF,ZO,SF exchanges until further notice. As a consequence, all orders other than GTC's were removed from these products.
We are working to resolve this issue and we will provide an update as soon as possible regarding the expected pre-opening time and resumption of trading.
For your information, before any trading resumption, there will be a pre-opening phase of at least 15 minutes.
Trading on all Cash instruments is taking place as normal.www.zerohedge.com/news/2015-05-29/euronext-breaks-all-derivative-currency-future-trading-halted UT OH, something wrong with the Derivatives Market with the Eurex TODAY on 2/22/16. Europe and those derivative problems like back on May 29th, 2015 above and also on May 7, 2015 with the Euronext. We know what happened after the May 29th Derivative meltdown. The 2 ceo of DB went bye bye 8 days later on June 7th, 2015. And HSBC on June 9th, 2015 put out their notice that they were laying off 50 thousand employees because they wanted to benefit their shareholders, lol. And for those who might of forgotten, back in 2008's financial meltdown, there were 3 Europe banks that were in bad shape with their derivatives and needed emergency help or bye bye. They were DB, HSBC and Barclays. So in this past May 29th meltdown, 2 of the 3 obviously had a derivative meltdown. Those Trillions and Trillions of derivatives are so hard to get rid of, lol, imo. - Duc
------------------- Trading On Eurex Suspended "Until Futher Notice" Due To Technical Issues Submitted by Tyler Durden on 02/22/2016 While in the US market breaks practically always happen when the market is sharply lower, and are intended to halt any downward momentum, in Europe this simple relationship has yet to be perfected, and for the past hour, following what it announced were technical issues, the Deutsche Boerse-owned Eurex derivatives exchange where futures on such indices as the DAX and Switzerland trade, has suspended trading in its T7 system "until further notice." Sellers will just have to wait.www.zerohedge.com/news/2016-02-22/futures-trading-eurex-suspended-until-futher-notice-due-technical-issues_____________ A little bit about the Eurex----> "We provide an extensive range of products, including some of the world's most heavily traded derivative contracts. Our aim is simple - to make trading, hedging and risk management easier for anyone with exposure to the financial markets." www.eurexchange.com/exchange-en/products
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Post by vulcanized crawler on Feb 22, 2016 14:17:57 GMT -5
iceland is colder than new jersey? half of ny and jersey live next door to me from thanksgiving till easter...and i ask why? when i lived on the west coast they lived there same dates. are they following me around cuz i dont go anywhere that goes below 70 degrees? i think so. no one here from iceland. they are all at home burning their mortgages, buying new bmw's for cash....
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Post by Duc N Altum on Feb 23, 2016 10:31:49 GMT -5
Russia China Agreement Death of US Petro Dollar? Michael Rivero
Published on Feb 22, 2016
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Post by Duc N Altum on Feb 23, 2016 17:54:05 GMT -5
STOCK MARKET FLASHING RED: A Warning. Gold, Silver, Bonds. By Gregory Mannarino
Published on Feb 23, 2016
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Post by Duc N Altum on Feb 23, 2016 18:40:23 GMT -5
Published on Feb 23, 2016 In this episode of the Keiser Report from Amsterdam, Max Keiser and Stacy Herbert discuss investors going bananas for gold and a new study proving chemical free agriculture may be better for profit, yield and our future. In the second half, Max interviews Willem Middelkoop, author of the Big Reset, about a dollar collapse, gold repatriation and the next phase of the financial crisis.
"The de-dollarization process is ongoing; we are entering a post dollar world. We also need debt restructuring. We need a nationalization of the banking system. That's the only way we can recapitalize the banking system and make a new start, have a reset. Many people are getting completely fed-up with the current monetary system. The Fort Knox gold was built-up during the gold confiscation days, the 1930's. A lot of people think the US has loaned a lot of that gold out, and that they don't have a clear line of possession to it. There hasn't been an audit since 1954 and they don't allow even their own congress to have an independent audit of their gold holdings in Fort Knox. Between the gold repatriation, the non-auditing of Fort Knox and the amount of gold that's being bought and accumulated by countries such as Russia and China, vs the amount of gold being mined every year... an accident waiting to happen and that's why we as investors accumulate as many gold holdings and shares in gold mining companies that have many ounces in the ground. There will be a physical shortage at one point, especially also in silver. The financial house of cards, especially in the commodity sector, can tumbling down... with all the shorts, the naked shorts. People don't understand that when you have a market that's entirely financialized, it's a fractional reserve system. For every ounce they say they have, they've created a hundred, two hundred, three hundred ounces worth of derivatives or futures contracts. And then they sell; they can basically counterfeit futures contracts and sell those futures contracts and force the price down. So this idea that the markets are perfectly... for every buyer there is a seller, that's complete hogwash. We could have a gold revaluation started by central banks: devalue the dollar, revalue the gold -- The Big Reset." By: jay_adobe 28 Sep 2007, 10:56 AM EDT Msg. 607759 of 778311 (This msg. is a reply to 607752 by diamonddigger.) Jump to msg. # diamonddigger, You said "...update after update seems to bring out more and more garbage..." I couldn't agree with you more. In fact, I think I'll get off this computer and go enjoy some sunshine for the rest of the day. I might check in occasionally and see how far the dollar drops. Enjoy your weekend and try to find the good in all this. There is plenty for which to be thankful. Who am I? I am Jay Adobe, an internet poster on RB who shares opinions for discussion. That's who I am. ---------------- By: jay_adobe 09 Nov 2007, 05:34 PM EST Msg. 622964 of 778290 (This msg. is a reply to 622936 by DrillBit.) Jump to msg. # DrillBit, Jay would agree wholeheartedly. Everyone can understand 'subprime' problems. Much harder to understand cash infusion, CDO tranches, derivative problems, M3 disguises and a whole basket of other such activities. Subprime is/was the bouncing ball for a while and might continue for a while longer at the destabilization of the dollar continues. All for a cause, mind you; all for a cause. I'm out of here for the weekend. Have a great and wonderful weekend. By: nascent_vindication 11 Sep 2007, 01:35 PM EDT Msg. 601880 of 778572 Jump to msg. # Jay Adobe, I'm assuming that the Master would not allow payments to be delivered until the new global banking system is up and running. He would insist that our money was 'as good as gold'......wouldn't he? JMO's______________________________________ By: jay_adobe 11 Sep 2007, 02:03 PM EDT Msg. 601887 of 778572 (This msg. is a reply to 601880 by nascent_vindication.) Jump to msg. # nascent, I believe that answer would be "Absolutely!!"
_______________________________________ By: jay_adobe 05 Jul 2007, 12:13 PM EDT Msg. 571567 of 779307 (This msg. is a reply to 571558 by waterdog85.) Jump to msg. # waterdog, presume that I am not in the know. I am merely a shareholder with an opinion who enjoys discussing potential outcomes. I do not know what your bank account will look like, but if I had that number of shares, I would expect to retire when the final bell rings. When will it happen? It's happening all around you right now. The cogs are turning, the resignations have and are happening, laws are changing, countries are realigning their economic systems, new leaders are being put in place, bad guys are being rounded up in record numbers, lights are shining where lights haven't shined before, NSS has been admitted and reforms are occurring, our funds are drawing interest prior to payout.....and on and on and on. When the master deems the atmosphere is properly conditioned, it will occur. And to think that you were one of a group of 60K+ powerful enough to move the world for a split second......It's history in the making; a legacy; a heritage. Hmmmmmm. of course, imo. By: jay_adobe 23 Jun 2005, 09:41 AM EDT Msg. 1008285 of 1008405 (This msg. is a reply to 1008281 by elgumd.) Jump to msg. # elgumd, It is supposed to be completed before then. Remember, though, that things aren't always as they seem and someone can always throw tacks in the roadway causing a flat tire. When that happens, we will fix the flat tire and continue the journey. Nothing can stop us from reaching our final destination. Maintain confidence and continue to believe in the company. I believe we are in good hands. From: Jay Adobe Date: Saturday, July 4, 2009 7:06 Subject: Re: Fwd: Edwards' Penalty To: Scott > Scott, My thoughts are no longer needed. Just re-read my old posts.If nothing else, they are spoken too soon. We are where > we are, and soon enough we will have finally arrived.The > astonishment is yet to come, but this is a good start. It'll end > with derivatives' finality. Enjoy your day. Hang in there as the > script unfolds all around us and countries continue the re- > alignment. 'Tis a wonderful day to be a shareholder. IMO. By: jay_adobe21 Aug 2007, 02:42 PM EDT Msg. 592871 of 775599 (This msg. is a reply to 592866 by chris_2525.) Jump to msg. # Countries will re-align. Watch. Wait. Patience. Kindness. imo--------------- Oops sorry, forgot to add this one----> By: jay_adobe 03 May 2007, 04:02 PM EDT Msg. 539069 of 779575 (This msg. is a reply to 539051 by amos8111.) Jump to msg. # amos, Just sit back and watch it unfold. The script is flowing nicely right now. You've nothing left to do except watch it unfold . Enjoy your day. imo
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Post by gabbyhayes on Feb 23, 2016 19:42:27 GMT -5
Patience.. ....Yeah we'll all be dead...by the time this comes to a conclusion........*&&*^%% dead.......
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Post by Duc N Altum on Feb 23, 2016 20:34:57 GMT -5
Euronext Breaks: All Derivative, Currency Future Trading Halted
Tyler Durden's picture Submitted by Tyler Durden on 05/29/2015
Usually the market breaks don't take place until after the selling begins. Today, someone in Europe got triggerhappy, and as a result moments ago the Euronext broke. Or perhaps this is just another drill for the "big one". The details:
SERVICES IMPACTED: Market Data, Trading
MARKET: Euronext Derivatives Markets
PRODUCT: Commodity Futures, Commodity Options, Currency Futures, Currency Options, Individual Equity Options Brussels, BEL20 Futures, PSI Futures, BEL20 Options, Index Dividend Futures, Single Stock Dividend Futures, Belgian Single Stock Futures CATEGORY: Data issue
Due to a market data issue, trading has been halted on the BO,BF,FF,FO,MF,YF,YO,RF,ZF,ZO,SF exchanges until further notice. As a consequence, all orders other than GTC's were removed from these products.
We are working to resolve this issue and we will provide an update as soon as possible regarding the expected pre-opening time and resumption of trading.
For your information, before any trading resumption, there will be a pre-opening phase of at least 15 minutes.
Trading on all Cash instruments is taking place as normal.www.zerohedge.com/news/2015-05-29/euronext-breaks-all-derivative-currency-future-trading-halted UT OH, something wrong with the Derivatives Market with the Eurex TODAY on 2/22/16. Europe and those derivative problems like back on May 29th, 2015 above and also on May 7, 2015 with the Euronext. We know what happened after the May 29th Derivative meltdown. The 2 ceo of DB went bye bye 8 days later on June 7th, 2015. And HSBC on June 9th, 2015 put out their notice that they were laying off 50 thousand employees because they wanted to benefit their shareholders, lol. And for those who might of forgotten, back in 2008's financial meltdown, there were 3 Europe banks that were in bad shape with their derivatives and needed emergency help or bye bye. They were DB, HSBC and Barclays. So in this past May 29th meltdown, 2 of the 3 obviously had a derivative meltdown. Those Trillions and Trillions of derivatives are so hard to get rid of, lol. - Duc
------------------- Trading On Eurex Suspended "Until Futher Notice" Due To Technical Issues Submitted by Tyler Durden on 02/22/2016 While in the US market breaks practically always happen when the market is sharply lower, and are intended to halt any downward momentum, in Europe this simple relationship has yet to be perfected, and for the past hour, following what it announced were technical issues, the Deutsche Boerse-owned Eurex derivatives exchange where futures on such indices as the DAX and Switzerland trade, has suspended trading in its T7 system "until further notice." Sellers will just have to wait.www.zerohedge.com/news/2016-02-22/futures-trading-eurex-suspended-until-futher-notice-due-technical-issues_____________ A little bit about the Eurex----> "We provide an extensive range of products, including some of the world's most heavily traded derivative contracts. Our aim is simple - to make trading, hedging and risk management easier for anyone with exposure to the financial markets." www.eurexchange.com/exchange-en/products And Posted today 2/23/16---->Trading On Eurex Suspended "Until Futher Notice" Due To Technical Issues
Submitted by Tyler Durden on 02/22/2016 Banking news is NOT good. HSBC surprised the market yesterday with a huge loss (again) and news of another investigation.
HSBC Posts 4th-Quarter Loss and Comes Under S.E.C. Scrutinywww.nytimes.com/2016/02/23/business/dealbook/hsbc-has-loss-in-fourth-quarter-and-warns-of-unsteady-outlook.html"For the three months that ended Dec. 31, HSBC, Britain’s largest by assets, posted a loss of $1.33 billion, compared with a profit of $511 million in the fourth quarter of 2014. In addition to reporting its earnings, HSBC said that it and 'multiple financial institutions' were facing an investigation by the Securities and Exchange Commission." And today, one of the most EVIL of the Bad Guy banks and a serious player in the rigging of the silver and gold prices in Asia, Standard Chartered Bank, also posted a huge loss and announced more investigations.Standard Chartered Makes It's First Annual Loss Since 1989www.theguardian.com/business/2016/feb/23/standard-chartered-makes-first-annual-loss-since-1989"Standard Chartered has plunged to its first full-year loss since 1989, axed its final dividend and endured another turbulent day on the stock market, with its shares falling by more than 10% at one stage. Along with its results, the emerging markets focused bank revealed it is still being investigated for potential failings in its defences against financial crime."
END Now think to yourself...how could it be that at the end of 2015 EVERYONE was saying things were as good as they get and the banks had never been stronger?
Fast forward less than 2 months and it's as if the Financial World is the complete opposite...a COMPLETE MESS!!
And they are reporting 2015 results...meaning THEY LIED at the end of last year!
With the new head of the Minneapolis Federal Reserve, Neel Kashkari coming out today trying to explain why the big banks need to be split apart you may wonder just how bad it is behind the scenes. Kashkari Wants to Break Up The Big Banks www.cnbc.com/2016/02/22/why-kashkaris-crackdown-on-big-banks-is-dangerous-commentary.htmlOh, you remember Kashkari don't you? The lead behind the TARP Program which was supposed to help the banks survive after the 2008 crash...the same banks that he now claims need to be broken up!
But why Kashkari? Just dig a layer deeper and you will find his Goldman Sach's roots...roots? Hmmm. Love that word as it relates to the ORIGINAL Road to Roota Articles about Alan Greenspan's original computer programs he invented to rig the markets.
RootA = Computer programming command in 'BASIC" Invented by Greenspan's childhood friend John Kemeny.
What's this got to do with Kashkari? HE WAS AN EXPERT COMPUTER QUANT AT GOLDMAN!!! Kashkari worked for NASA as a computer expert before working for Hank Paulson in the COMPUTER RIGGING DIVISION at Goldman. Kaskari was behind Goldman's computer market rigging that has morphed into the absolute MESS it is today.
My Friends - it all fits together in a tight little package. The PLANNED take down of the global financial system is upon us - you just have to connect the dots to see it clearly.
May the Road you choose be the Right Road. Bix Weir www.RoadtoRoota.comJust wonder if they are tied together?? Thanks Pacmann for posting!!!! As I posted above here yesterday in my above quote, I mentioned the May 29th, 2015 EURONEXT DERIVATIVE MELTDOWN ......AND WHO WAS OBVIOUSLY INVOLVED OR GOT CAUGHT IN THAT DERIVATIVE MELTDOWN. Deutsche Bank and HSBC got caught in this and this shows that they still have major derivative positions just as desperate and caught they were in the 2008 financial crisis. As it was posted on my board way back on June 7th, 2015 about the "Deutsche Bank CEO’s Forced to Resign"..... 9 days AFTER THE EURONEXT DERIVATIVE MELTDOWN on MAY 29, 2015. So here is the article and effect to Deutsche Bank 8 days after the EURONEXT DERIVATIVE MELTDOWN---->Deutsche Bank CEO’s Forced to Resign Over Imminent Derivatives Melt-Down? Posted on June 7, 2015 by The Doc www.silverdoctors.com/deutsche-bank-ceos-forced-to-resign-over-imminent-derivatives-melt-down/ The co-CEOs of Deutsche Bank have unexpectedly stepped down. Recall that Deutsche Bank is now the largest holder of derivatives in the world.
“The ONLY reason these resignations would have been unexpectedly coerced like this is if Deutsche Bank was having a potentially uncontrollable problem in its OTC derivatives holdings.“
----------------------- Now lets look at what HSBC did 2 days after Deutsche Bank's co-CEOs went bye bye. Hmmmm kind of weird that HSBC, would be firing 50,000 employees, around the same time a derivative meltdown happened in the Euronext on May 29, 2015.-----> HSBC To Fire 50,000, One In Five Jobs, To Fund Dividends To ShareholdersSubmitted by Tyler Durden on 06/09/2015Just days after JPMorgan revealed it would fire another 5,000 by the end of the year in a "scalpel" headcount reduction, overnight the world's favorite drug money laundering bank HSBC unleashed the "machete" and announced it would cut almost 50,000 workers, or one in five bankers, a move which would shrink the investment bank division by one-third. The reason: the same why US corporations are laying off tens of thousands so they can fund record stock buybacks and enrich their shareholders - to boost profits so that more money can be channeled in the form of dividends. www.zerohedge.com/news/2015-06-09/hsbc-fire-50000-one-five-jobs-fund-dividends-shareholders------------ Yeah, so if you believe that was a great excuse, we can see that HSBC is the king of the hill, for the BS award imo, for claiming they are firing 50,000 people "so they can fund record stock buybacks and enrich their shareholders - to boost profits so that more money can be channeled in the form of dividends."
------------- So again, this was why I was excited yesterday with the Eurex halting because it shows THERE IS A HUGE PROBLEM IN THE SYSTEM LIKE WE SAW ON MAY 29th, 2015.
Also, keep in mind folks that a lot of economic folks are saying with charts and all, that the current financial crisis avenue we are in (despite the U.S not admitting it and also the PPT and ESF keeping our BS markets propped up as they are) ....they all say that this all started MID-2015. And what was the date again of the Euronext derivative meltdown? "May 29th, 2015." So NOW WITH ANOTHER DERIVATIVE MARKET HALT LIKE THE EUREX YESTERDAY 2/22/16, AND NOW SEEING THAT HSBC GOT CAUGHT, IT WILL BE VERY INTERESTING TO SEE WHAT COMES OF THIS IN THE NEXT WEEK AND A HALF OR SO BECAUSE WE HAVE NOT HEARD FROM Deutsche Bank yet, and since they are the number one derivative holder, I would find it hard to believe that they were not hurt by this in some form or fashion and considering how weak they are right now with losing 55% of their stock value in the past 6 months, I am of the hope that this EUREX situation will assist the derivative chain meltdown when it is to come.
Anyway, thanks again Pacmann for posting that and it is good to already see a strain on one of the main banks caught in derivatives like HSBC so soon after something like this happens. So as the May 29th, 2015 derivative meltdown happened and June 7th, 2015 and June 9th, 2015 was when we saw reactions of DB and HSBC. So myself, I am looking for a reaction with in a 11 to 14 day time frame as it did back in June 2015. And maybe we will not see a reaction in that time frame BUT I am excited that another derivative situation came about in this window of time.
Thanks again for posting, Pacmann! And all in my opinion as the obvious connections show in my belief. -Duc
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