QE3 To Infinity–The Final End Game!

• QE3 To Infinity–The Final End Game! 
  by Jim Sinclair, http://www.jsmineset.com/
  My Dear Extended Family,
  -
  The final end game of QE3 to infinity, with a month or two off from time to time, will be a product of the long term viability of the Federal Reserve Balance sheet and the impact on the dollar there from. Let’s review what has transpired and begin to look at what will happen:
  -
  1. OTC derivative manufacturers and distributors sold fraudulent paper to almost every entity as clients of the Western world financial system. Inherently the OTC derivatives manufacturers and distributors had part of the transaction on their books. No problem as long as the entire scam was a “Daisy Chain,” a connected set of transactions that has the appearance of risk but when all netted out equals almost zero.
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  2. Until Lehman was flushed, and flushed it was, most all OTC derivatives could have been netted to zero in a derivative resurrection bank. Losers would have rejoiced and winners would have declared war. However when Lehman was forced into bankruptcy it broke the “Daisy Chain” (a chain of near risk-less transactions when netted) of the OTC derivatives scam. At this point winners had won huge and loser had lost huge and there was no longer a means of repair to the quadrillion dollar scam. The problem has no practical solution other than transferring all losing paper to the balance sheet of the Federal Reserve where then it was anticipated no non-government “mark to market” audit would ever occur. It was the perfect hole to stick the junk into.
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  3. The size of the OTC derivative market stood at one quadrillion one hundred and forty four trillion as reported by the Bank of International Settlement, the counter internationally.
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  4. The Bank of international Settlements, seeing this outrageous number, changed their computer method of valuation to maturity assuming no failures and reduced the size of OTC derivatives of all kinds to a more acceptable but still huge number of $700 trillion notional value.
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  5. In the first and second round of QE the Federal reserve purchased OTC derivatives including the variety called securitized mortgage debt to remove them from the balance sheets of the Western world financial system, thereby improving the Western world’s financial institutions balance sheet and preventing an international industry wide bankruptcy. That means the Federal Reserve has impaired its balance sheet in order to repair some of the balance sheet integrity of the Western world financial system. The amount they have purchased is significant, but not compared to total outstanding above more than one quadrillion dollars.
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  6. The reason for QE to infinity, QE3, is the failure of business activity in the Western world to pick up with early huge monetary stimulation so as to repair the balance sheet of the Western financial world financial system. The unseen crisis is the hidden weakness of the Western world financial system thanks to FASB (The gatekeepers of world accounting) which allows financial institutions internationally to hide their losses by valuing their paper at whatever the bank wants it to be with no reference to seek a market value, primarily because there is none to seek.
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  7. The crisis not seen by Fed observers is the true balance sheet condition of the loses on the trillions of dollar of worth-less paper fraudulent paper because numbers are given but no independent mark to market audit has been or is likely performed.
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  8. As QE3 to infinity moves ahead, the balance sheet of the Federal Reserve continues to acquire worthless paper in exchange for dollars. Junk moved onto the balance sheet of the US Federal Reserve as the common share of the USA, the US dollar, continues to expand exponentially.
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  9. The end game problem is an extended recessionary business conditions going into 2015 to 2017 wherein the supply of dollars continually expands, the US Federal Deficit grows, US state deficit spending continues to grow and the quality of the Federal Reserve balance sheet proceeds to deteriorate further.
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  Therefore the end game is the perception of the weakness of the lender of last resort, the Federal Reserve’s Balance sheet, as it impacts confidence the US dollar and US interest rates.
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  Now you know what brings about the end game.
  In the future I will do small simple articles dealing with the impact on markets of a to be Bankrupt Central Bank, the US Federal Reserve. The end game could come sooner, but only if there was an independent “mark to market” audit of the Federal Reserve inventory of worthless paper which remains unlikely no matter who wins the election in November.
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  Those of you invested in gold and silver vehicles of all kinds (with the exception of ETFs and futures) rest well this weekend. $3500 will easily be a place gold trades. The Canadian dollar and blasphemy to the euro snobs, the Swiss franc, remain go to vehicles for cash positions. Yes cash because you to not have to pay to own them as you do with a sovereign paper with negative interest.
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  Your watchman,
  Jim

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Lindsey Williams: QE Unlimited ! The FedRes Will Buy Up Real Estate With Money Created Out of Thin Air !

Why Europe Matters… And How Spain Could Wipe Out Your 401(k) And Destroy The Financial System!

Global collapse super storm is coming! Graphic source: http://akhater.deviantart.com

• Emphasis mine:
  -
  Why Europe Matters… And How Spain Could Wipe Out Your 401(k)! 
  by Graham Summers, http://gainspainscapital.com/ 
  Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?”
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  The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008. How would this unfold?
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  To understand this, you need to understand how the European banking system works. By now everyone knows that many European countries have massive debt problems: Portugal, Italy, Ireland, Greece, and Spain, the infamous PIIGS.
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  Well, when these countries issue debt, it is mainly the European banks that buy it. So let’s say Spain issues €5 billion in new debt. Most of that will be snatched up by Spanish banks or some other European financial entity.
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  This bank will then park this debt on its balance sheet as a “senior asset” or an asset that has the least amount of risk (I realize this sounds insane given how bad Spain’s finances are, but this is how the banking system’s “risk models” work).
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  The bank will then use this Spanish bond to backstop loans to Spanish businesses, developers (not so much any more) even student loans: pretty much every other type of loan the bank might make. On top of this, the bank will also use this Spanish bond to backstop hundreds of billions of Euros worth of trades.
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  Do you see the problem with this? If Spain defaults, one of the most important “assets” used to backstop its loan and trade portfolio goes up in smoke. At that point the bank is essentially insolvent and would have to liquidate its loan portfolio while trying to stave off a bank run (as you’ve likely noticed, Spain is facing bank runs galore). So what? Who cares? This is Spain’s problem right?
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  Wrong. This is Europe’s problem as European banks across the board are sitting on Spanish debt: Spain’s sovereign bond market is €2.1 trillion in size. So if Spain defaults, then a heck of a lot of EU banks (and some US banks for that matter) will see some of their “Senior Assets” go up in smoke, rendering them insolvent. This in turn could spread like wildfire throughout Europe’s banking system.
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  This is why the Spanish bank bailout was so rapid (it took only one weekend). EU officials know that if Spain’s banking system goes down, most of Europe will as well. This is also why EU officials continue to give money to Greece despite the clear fact that Greece is completely and totally bankrupt and has failed to meet fiscal demands placed on it throughout the EU Crisis.
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  Indeed, I wager most people at some point have asked themselves, “what’s the big deal about Greece? It represents only 2% of the EU economy. How is it that a country this small is still an issue after TWO YEARS!?!”
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  Now you know. By some estimates, Greece’s true debt exposure is north of $1 trillion. Lehman brothers had $649 billion in assets when it collapsed. Can you imagine the impact that a $1 trillion vacuum would have on the EU’s banking system (a banking system which backstops well over €200 trillion in derivative trades by the way).
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  How would the debt implosion of Spain’s $2.2 trillion in sovereign bonds affect the financial system? What about the effect of Europe’s $46 TRILLION banking system collapsing? It would be Lehman by a factor of ten, easily. So what does this have to do with the US?
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  The US banking system is $12 trillion in size. And this backstops over $220 trillion in derivative trades. Of this $220 trillion, 85% are based on interest rates. So…
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  If Spain, or any of the other PIIGS default, and Europe’s banking system (which is $46 trillion in size by the way) crumbles, interest rates across Europe will spike as the EU sovereign crisis spreads.
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  At the same time, Treasuries will spike pushing interest rates close to ZERO in the US, if not into negative territory (this happened when Lehman went under). This in turn would very likely trigger an implosion of all those derivative trades based on interest rates. This blows up Wall Street and likely results in bank holidays and the stock market even being closed down for a period.
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  read more!

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Lindsey Williams: “When You See The Euro Collapse, You Have 2-3 Weeks To Get Out of Paper Assets!” 28 July 2012 Update.

• Putin interfering with the western Illuminati’s plan in Syria. Setting them back by at least 6 months.

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International Banking Insider: LIBOR Bomb To Trigger Financial Derivatives Global Collapse!

The global economic, financial and currency collapse time bomb!

• Emphasis mine:
  -
  LIBOR Bomb! 
  by Steve Quayle, www.stevequayle.com
  July 10, 2012
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  The recent theatrics in the media about the LIBOR forgets to underscore the BIG picture. It is not the “BIG BANKS” or the Central Banks that is the problem. It is the cabal of financiers and the system that they have propagated for hundreds of years in the Western World and almost hundred years here in the US , that is the main parasitic cancerous growth.
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  It is this growth that has been brooding in the veins of the financial system. Year after year, decade after decade, regulation after regulation, until one day the growth of this creature goes parabolic bringing sudden death to it’s host. I think many of you have no idea about how much your lives are about to change, in a drastic way for the worst. What they have planned for you, you will wish to die.
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  There is no making peace with the system, for this system makes no peace and it yields no quarter, no room for surrender. It’s actions will be swift and the more you lay off putting things in order in your life the more you pay for your procrastination and normalcy bias with a fine so weighty you will wish you were dead.
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  The LIBOR plays out like this and I will not repeat myself on what I have already said about it. Another crack/fissure in the derivatives market.  I can not stress enough to tell you how close to breaking this market is. For those who do not understand the critical nature of this market and it’s inevitable downfall, I can tell you this. It will be world ending in scope.
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  I mean what I said. The Hacks that are occurring in over 200 banks and their servers around the world is the Global  Stealth Cyber Bank Run (GSCBR). It is the elites way of finishing off your wealth. The last  touches before the carcass is burned to a hearth. The Bond market is finished, We all knew that there is a bubble in the bond market, This is the coup de grace that will not pop the bubble, but make it explode with the force of a thousand suns. America will be broke and barren in a blink of an eye! These are two events that I have been warning about are ones that  will end your life on this planet as you know it. Your cash will be worthless, your country at a standstill, No money, No food, no essential services,  AND WHEN IT ALL STOPS….. YOU STOP.
  -
  V

The Western Illuminati Organization Chart. Source: http://www.stevequayle.com

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Financial Webs Of Deceit ! The World’s Financial Market Is Undergoing Total Collapse!

Global implosion is coming!

• Financial Webs Of Deceit. The World’s Financial Market Is Undergoing Total Collapse! 
  by Steve Quayle, www.stevequayle.com
  July 7, 2012
  -
  It has begun the unofficial collapse of the Euro that I have announced back in late June has started to run into the massive canyon like fissures of the financial world. As web site after web site and expert after expert talk endlessly about the failing frame work of the whole western financial system; they over look one main point. That point is this; when a patient is brain dead, you may debate that there is still blood coursing through their veins, that their heart still beats, that there is still a modicum of respiration still occurring. The fact remains though the vestigial systems of the organism works, it’s main source of control that dictates every one of its voluntary mechanical operation IS DEAD. So it is with Western Banking. There are still “signs” of life, the ATMs work (for most anyway) online transactions are for the most part operational (again for most) but the arguments of liquidity and solvency rage because of the simple lack of omission that the very needed rudiments of the financial system, it’s modus operandi, it’ s organized brain of safeguards and cognition has ceased functioning.
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  The Unofficial Euro collapse has hastened the hemorrahging  of various sectors around the financial world. Lets start with a few shall we.
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  Derivatives- I have documented that the real loss of JPM’s previous London trade debacle is not the purported intial $2billion or the now admitted $9 billion but $150 billion total loss. This coming from a Zombie Bank that recieves 77% of its profits from the government trough. The IR Swaps that are played in this field is astronomical and is accounting for more than 85% of all derivative trades. So what does this mean? I stated many times, when people have asked me, “what is THE SIGN of a financial collapse?” I have always said that it will begin in the derivative market first. After all we have an unsustainable world wide derivative debt that is in the Quadrillions. $1.4 Quadrillion by most estimates. What does this mean and how will it play out?
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  Hacking- The supposed “hacking” that is occurring in over 60 banks at the same time is nothing more than those with the funds moving their assets out. It is a smoke screen, a diversion, a silent stealth bank run by the elites. Why all of a sudden there is total media black out? The funds that have been taken have crossed in to the billions of dollars. The total stealth bank runs are closer to 200 banks.
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  LIBOR- All over the news you hear the mother of all scandals, the fact that all the major multinational banks have been rigging the interest rate system and keeping it artificially low. Which robs you of your dividends and annihilates your savings but profiteers the banksters in their risky gamble with your money. They profit and you are left holding the bag.  The banks involved in this LIBOR mess total 200 about the same that just so happen to be the same banks that are all of a sudden being “hacked” and are having “glitches”. This LIBOR scandal puts into risk an $800 trillion market made up of savings, investments, mortgages, loans and retirement accounts. Taking a sledgehammer to the confidence of the whole entire global market and western backed banking system. I laugh at these pundits who talk about the LIBOR. You see my friends there is no oversight over LIBOR,it’s just a bunch of crooks deciding what they will charge for lending amongst themselves and how they can profit off of you. LIBOR was invented to be MANIPULATED the very design of this screams so. You have to wonder why now all of a sudden LIBOR is an issue? Read on.
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  So what does it all mean? Simple really my friends. The whole entire western banking system is being flushed out, the whole house is being purposely burned to the ground in order to make way for the new. If you are still in paper you are a madman or woman. Pull your money out now while you still have time. I will make it as clear for you as possible, your wealth, your way of life and your posterity’s future is being PURGED, FLUSHED, BURNED OUT. The order of things are about to change officially. Watch the dollar, get out of paper, get into metals. You have been warned….Again.
  -
  V

end

And Now The FedRes Gets Dragged Into LiEborgate!

• And Now The Fed Gets Dragged Into LiEborgate! 
  by Tyler Durden, www.zerohedge.com
  As was first reported two days ago, and confirmed today, Barclays’ natural response to allegations it single-handedly manipulated the interest rate complex for up to $500 trillion notional in IR-sensitive swaps and other products (it didn’t – everyone else did it too), was to drag everyone into the scandal, starting off with the Bank of England (and about to drag Whitehall into it too), and specifically the man who was next in line for governorship of the English Central Bank: Paul Tucker. What does this mean? Well, as we suggested also two days ago, now that the natural succession path at the BOE has been terminally derailed, it brings up those two other gentlemen already brought up previously as potential future heads of the BOE, both of whom just happened to work, or still do, at… Goldman Sachs:  Canada’s Mark Carney or Goldman’s Jim O’Neil.
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  Granted both have denied press speculation they will replace Mervyn King, but it’s not like it would be the first time a banker lied to anyone now, would it (and makes one wonder if this whole affair was not merely orchestrated by the Squid from the get go… but no, that would be a ‘conspiracy theory’.) Yet the fact that Goldman is hell bent on global domination by stretching its tentacles into every monetary policy administration is no secret: it is only a matter of time before GS also runs the English CTRL-P macros. More interesting is that in addition to the BOE, Barclays today also dragged America’s very own Federal Reserve into the fray.
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  read more!

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Von Greyerz: Greatest Financial Collapse The World Has Ever Seen!

Global financial collapse is coming!

• Greyerz – Greatest Financial Collapse The World Has Ever Seen! 
  by www.kingworldnews.com
  With global stock markets trading in the red, today Egon von Greyerz told King World News that investors are going to witness the greatest financial collapse the world has ever seen.  Egon von Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “…investors are under the illusion that the system will continue, but it won’t.” Here is what Greyerz had to say about the the financial collapse:  “As always, Eric, I’m focusing on the big picture.  We are in a crisis, and the outcome is absolutely certain.  What is not certain is how we get there.  The problem is it’s not only one crisis, it’s a number of crises.  We have the first one which is the sovereign crisis.”
  ….
  “Almost every single major country in the world is bankrupt, and no one has the tools or a plan to get these countries out of this crisis.  So countries will go bankrupt by default or by printing excessive money.  This situation will continue to get worse and ultimately lead to a hyperinflationary depression.
  …
  Then you have the banking crisis.  The banks are insolvent and they are also in a liquidity crisis.  And this is, again, worldwide.  There is no way the banks will be able to survive this without massive assistance.  This is a banking crisis of the magnitude which will amount to trillions of dollars, and if we take the whole of the derivative positions, it could be hundreds of trillions of dollars because of the counterparty risks.
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  read more!

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DERIVATIVES: Bank Downgrades Trigger Billions in Collateral Calls!

The financial derivates implosion will suck the global financial system down to hell !

• The financial weapons of mass destruction, the derivatives market is collapsing. This fraudulent market is anywhere between US$700T to US$1,500T in size. No amount of money can bail out the banksters when this market implode. All attempts to bail out the banksters will result in a monetary meltdown! The world GDP is about US$65T! We are talking about a 10x-20x amount of money needed. Jim Sinclair is correct: The end is not near! It is here!
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  DERIVATIVES: Bank downgrades trigger billions in collateral calls! 
  By Christopher Whittall, http://www.ifrasia.com/ 
  A series of ratings downgrades from Moody’s last week has created an unwelcome but manageable liquidity squeeze on three major banks, by forcing them to post billions of dollars in additional collateral against derivatives exposures.
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  Moody’s completed its rating review of international banks last Thursday and downgraded three major derivatives dealers below the crucial Single A threshold, which will likely have led to hefty collateral calls from counterparties.
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  Citigroup’s two-notch long-term rating downgrade from A3 to Baa2 could have led to US$500m in additional liquidity and funding demands due to derivative triggers and exchange margin requirements, according to the bank’s 10Q regulatory filing at the end of the first quarter.
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  Morgan Stanley – which Moody’s downgraded from A2 to Baa1 – said a two-notch downgrade from both Moody’s and Standard and Poor’s could spur an additional US$6.8bn of collateral requirements in its latest 10Q. The bank did not break down its potential collateral calls under a scenario where only Moody’s downgraded the bank below the Single A threshold.
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  Royal Bank of Scotland estimated it may have to post £9bn of collateral as a result of the one-notch Moody’s downgrade to Baa1 in a statement on June 21, but did not detail how much of this additional requirement was driven by margin for swaps exposures.
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  Ratings triggers are commonplace in collateral agreements governing derivatives transactions. These clauses typically force a firm to post more collateral to their counterparty if they are downgraded below a certain level. This is to compensate for the fact that the downgraded firm is seen to have become a riskier trading partner. Moving from being an A rated to a B rated institution tends to be a crucial line in the sand.
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  Many industry professionals have warned of the systemic risk of ratings triggers.  For one, they represent significant cliff risk – in other words, a firm may wake up one day to demands of posting billions of dollars more collateral. In history’s most extreme example, AIG’s downgrade in 2008 led to such a liquidity squeeze on the firm that the US government ended up bailing out the faltering insurer.
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  More calls to come?
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  read more!

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Stephen Lendman: Heading for Economic Collapse!

Global collapse super storm in the summer or fall of 2012?

• Heading for Economic Collapse! 
  by Stephen Lendman, http://sjlendman.blogspot.sg/
  The late Bob Chapman predicted it years ago. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Untenable political and financial decisions put US and European economies on a collision course with disaster. Bailouts and market manipulation delay the inevitable.
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  A tipping point approaches. Only its timeframe is unknown. Money power runs world economies. Wall Street and giant European banks run Western societies.
  “Financial deregulation converted the financial system (into) a gambling casino….,” says Roberts. Zero interest rates destroy household savings. Media scoundrels suppress ugly truths.
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  Western governments letting banking crooks scam the system for profits “is a system that is headed for catastrophic failure.”Bad news keeps getting worse. Public acknowledgement arrives late. Moody’s June 21 downgrade of 15 major banks conceded what’s been known for years.
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  Giant Western banks are zombies. They’re insolvent. Taxpayer funded bailouts alone keep them operating. Moody’s warned last winter than downgrades were coming. So-called stress tests suppress more than they revealed.
   -
  Ellen Brown calls the “derivatives casino….a last-ditch attempt to prop up a private pyramid scheme.” It’s slowly crumbling under its own weight. JPMorgan Chase is considered America’s most stable bank. Brown calls it bankrupt. Evidence, she says, shows it’s acknowledged $2 billion loss perhaps exceeds $30 billion.
   -
  Roberts explained that America’s five largest banks hold $226 trillion in derivative bets. For example, JPMorgan’s total assets approach $2 trillion. Its derivatives holdings exceed $70 trillion. Its risk capital is about $136 billion. Its “derivative bets are 516 times larger than the capital that covers the bets.”
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  Goldman Sachs “takes the cake,” says Roberts. Its $44 trillion in derivatives speculation “is covered by only $19 billion in risk capital.” In other words, its bets are “2,295 times larger than” cash on hand covering them.
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  Derivatives bets by America’s five largest banks exceed US GDP over 15-fold. Corrupt politicians allowing it assure eventual economic collapse. Banking executives are serial liars. After Moody’s downgrades, Citigroup and Bank of America officials said its action failed to reflect “safeguards” in place for years.
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  Roberts destroyed their argument. So did Brown and other independent analysts. Moody’s and other rating agencies long ago lost credibility. They failed to acknowledge the sub prime crisis until headlines revealed it. They bogusly call toxic assets safe in return for large fees and big profits.
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The Global Financial System is in Extreme Peril Because of Financial Derivatives Collapse And Not The Bankruptcy of Greece!

Financial derivatives: A falling house of cards!

• I have highlighted this before. The collapse of the Eurozone is to provide cover for the implosion of the quadrillion dollar financial derivatives market. This is a fraudulent market controlled by the Illuminist banksters! (emphasis mine)
  -
  Someone Is Lying:  How Can Greece Bring Down The Global Economy? 
  by http://truthingold.blogspot.sg/
  It was noteworthy that George Soros, the world’s most successful currency speculator, was revealed this week to have tripled his position in gold in the first quarter of this year. That he is a man who knows his currencies is without question. That he chooses gold speaks volumes.   – David Galland, Casey Research
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  I’m confused.  I’m not really sure why the world should be in fear of a Greek systemic collapse and exit from the EU/euro LINK .  So, while most of the world’s hoi polloi chooses to accept news that is fed to them like hungry ducklings with their beaks open waiting to be fed by momma duck (the elitists), I prefer to look under the “hood” of a proposition that, prima facie, seems absurd.  Furthermore, unless I’m missing something, the world is being willingly fed a gigantic lie by the elitists.
  …
  Now I’m even more confused.  How could the collapse of such a seemingly economically insignifant country in comparison to the rest of the world cause global systemic/financial turmoil?  Before you read on, please see this report regarding Greek derivatives:  LINK 
  -
  The Truth of the matter is that the situation with Greece is being used as the cover-job to mask the truth about the catastrophic derivatives exposure of the world’s biggest banks.  I demonstrated a couple days ago how looking at just Greece in isolation could lead to tens of billions in losses for the biggest banks – primarily JP Morgan – if Greece leaves the EU and reinstates the drachma as its currency.
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  The fact of the matter is that if proper OTC derivatives regulations and oversight had been in place - more importantly, properly enforced - then the situation in Greece would barely be newsworthy.  Zimbabwe went through a financial/monetary collapse a few years ago which culminated in a “do-over” for its curency and most people in the world probably never even heard of Zimbabwe or could tell you where it is.  What’s the difference between Greece and Zimbabwe?   Off-balance-sheet OTC derivatives.
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  Once again – just like the 2008 bailout of the U.S. Too Big To Fail Banks – we are being fed a gigantic lie by the political and banking elitists.  The global financial system is in extreme peril because of the catastrophic loss-exposure embedded in the near-quadrillion OTC derivatives positions of the world’s biggest banks, which are primarily U.S.-based.  JP Morgan, Citibank, Goldman Sachs, Morgan Stanley, Bank of America,  Deutche Bank, HSBC, Credit Suisse, Barclays and Society Generale.  Those are your culprits – not Greece.
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  And the Greek situation – just like the Lehman collapse provided a cover-story for the massive mult-trillion dollar bailout of Wall Street’s finest in 2008 – is nothing more than an insidious cover-story to enable the Fed/ECB/BOE to print up and inject several more trillion in paper fiat currency in order to bail  out the big banks listed above out of their catastrophic insolvency, rendered largely by moral hazard-enabled investment failures made worse by the layering of 10′s of trillions in derivatives over the bad investments.
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  That’s the bottom line and that’s the Truth that you will never hear about from any politician or any mainstream media source. And here’s what the non-western Central Banks are doing about the political/financial disaster over which they have no control:  LINK  You’ll note that since 2008, the BRIC Central Banks and other peripheral Asian/South American countries have become big net buyers of physical gold (not GLD and not CEF/GTU).  The charts in that article do not include China.  China not only does not allow the export of the 300+ tonnes of gold internally mined, it is now the world’s largest importer of physical gold bullion.  In other words, China is aggressively and voraciously accumulating physical gold.
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Robert Fitzwilson: Greek Elections, Collapse of Debt Based Monetary System, Financial Derivatives Implosion …

• Aftermath Of Greek Elections & How It Will Affect Investors! 
  by www.kingworldnews.com
  With many investors wondering what to expect in the aftermath of the Greek elections, today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News.  Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States.  Here are Fitzwilson’s observations:  “Investors and savers alike are transfixed on the election in Greece.  The headline issues were whether or not Greece would retain the Euro, stay in the eurozone, return to the drachma, default on the debt owed to European entities or a combination of the above.  We believed those outcomes were secondary to the much more important issues.”
  …..
  “The amount of money which is owed is monumentally in excess of the capability of any of the debtor nations to settle their accounts, even if they were inclined to do so.  With the French lowering the retirement age, Spain and Greece rioting against austerity, the emphatic answer is that they are not so inclined.
  …
  The second issue is the ‘debt as money’ (DAM) monetary system that has overtaken the world in the last 100 years.  The Greek debt is held by European entities as assets on their balance sheets.  Banks lend based upon their capital base.  If the Greeks formally default, the lending ability of the banks is diminished, perhaps catastrophically. If a default occurs, how do the banks get recapitalized?  What happens to the quadrillion-plus dollars of derivatives?
  …..
  As we have suggested before, the mountain of paper and derivatives will collapse under it’s own weight at some indeterminate point.  Therefore, it is incumbent upon investors to act now and transfer wealth from paper to real assets.
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Mike Rivero: Ron Paul, Rand Paul & COLLAPSE Before The November Election!

Alert From International Banker!

• I am unable to confirm or deny the accuracy of this report. However, it does jive with all the other feedback I am hearing. Draw your own conclusions!
  -
  Alert From International Banker! -This Is Huge! 
  by Steve Quayle, www.stevequayle.com
  June 11, 2012
  Steve,
  Steve tell your listeners to ignore ETFs and continue buying Physical SILVER and GOLD no matter what “spot price” is. Please tell them to take cash out NOW!!!! Only keep in bank what you can afford to lose and what you need to pay bills and expenses. Please tell them to get money out NOW!!! They have till December the latest to do so. Be mindful it CAN HAPPEN SOONER. Prices of Metals without manipulation $1000 SILVER $5000 GOLD—Steve Great show Im listening to you right now.
  -
  Here is the latest truth on Spain. The bailout already happened by stealth from very reliable sources. My sources are never wrong. The Bank holiday is going to spill over to Spain, Portugal and France. The Flight to safe harbor now is the UK. From there you will see flights to the US dollar. The main players have moved to Gold. Watch for another shock to SLV and GLD market. This will cause shaky uncommitted hands to dump more SLV and GLD physical.  ETF markets will take massive hit.
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  Germany will start to have massive upheaval as their banks Duetche Bank in particular is over exposed to Spanish Flue, solvency crunch will hit Germany, look for Germans to go mad over the fact they can not have access to their funds.Evolving….. Dollar only rises with IR Swaps and flight to “safe currency” once dirivative market bursts all of this goes parabolic high velocity crash. This is due to the fact that the dollar is exposed as WORTHLESS due to the overleveraged CDS exposure.Very little SILVER left to be mined. It is a precious and Strategic metal. SILVER will be less plentiful than GOLD.Steve Russian economy willl suffer greatly due to EuroCollapse. This is due to the dependency that the Russian economy has with Euro zone energy exports. (GAZPROM) Greek crisis has hurt Russian Natural Gas exports.
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  Russians are angry at Eurocrats due to their inability to fix the crisis. They are blaming the whole entire western banking system for the recent decline of the Ruble. Steve some of the investors that lost big in Iceland were the Russians and guess what? They are vested in Greece as well. Take to account this along side with recent NATO aggression does not work to help this particular situation.Steve remember Deutsche Bank is #2 only to PNB Paribas the French Banking Giant. The kicker here is that both of their derivative exposure combined is over $125 Trillion!!! You have to be solvent in order to be liquid. This is a solvency crisis. The average joe on the street is duped into thinking it’s liquidity. There is no liquidity.Chinese will back Yuan with Gold. They are stealth dumping US Tbonds. Have not been in any major bond auctions for the last year or so. Will form new banking/ trade system with BRICS—Morgan Stanley is next Lehman bros due to Facebook and Euro exposure. Close all equity accounts and exit markets now.

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The Derivatives NIGHTMARE: A Fraud Far Beyond Fractional Reserve Banking!