Continuing his quest to protect average citizens from the coming destruction wrought by the banksters and their OTC derivative melt-down, Jim Sinclair has sent another alert to subscribers, this time warning that those who remain in the current financial system are going to pay for the sins of the banksters.
Like a massive financial tsunami, Sinclair states that what is coming will completely wipe out those who fail to move their financial assets to safe ground (physical gold and silver) prior to the “great leveling”, and that the only financial funds that will survive the coming legacy OTC collapse will be monies held in the BRICS’ financial systems.
Sinclair’s full MUST READ alert is below:
From Jim Sinclair:
You have to be wit-less not to see that you are going to pay for the sins of the banksters. They got the blood covered profits. Now in the “Great Leveling,” in which you are solidly founded as a serf. The Great Leveling will come in two major waves. You are going to pay for the damage done by the banksters in their manic effort to be all billionaires and some trillionaires. For your sake wake up, and exercise you legal and ethical right to exit the Western financial system. Only monies that are in the BRICS or quasi BRICs will survive the wrath & rage of the legacy OTC derivative weapons of mass financial destruction.
I will see you in Chicago and Vancouver on the week of July 8th. I just hope that I can make 10 more locations to see you eye to eye before the elite who have told you exactly what they are going to do to you, pull the plug on exit.
Sincerely, Meze Jim”
IMF admits to errors in international bailout of Greece By Peter Spiegel in Brussels and Robin Harding in Washington
Last updated: June 5, 2013 10:06 pm
The International Monetary Fund has published a scathing report about how it and the European Union handled Greece’s first €110bn bailout, saying growth assumptions were too optimistic and that debt restructuring should have occurred earlier.
The study says that the rescue went ahead even though Greece did not meet one of the IMF’s four criteria for such a huge programme – a good chance of debt sustainability in the medium term – and may have failed two of the others as well.
The report is likely to become a textbook case for all large IMF rescues in the future, with the fund demanding greater losses for private creditors, more realistic growth and debt forecasts, and changes when it operates inside a monetary union.
It exposes disagreements among the international lenders overseeing Greece’s rescue and has generated controversy even within the IMF itself.
The “programme avoided a disorderly default and limited euro-wide contagion. Greece has also been able to remain in the euro, but the recession has been deep with exceptionally high unemployment. The programme did not restore growth and regain market access as it had set out to do,” says the report.
According to the study, the decision to force losses on private holders of Greek bonds should have occurred much earlier than October 2011, but it argues that resistance from Europe made that impossible.
“Not tackling the public debt problem decisively at the outset or early in the programme created uncertainty about the euro area’s capacity to resolve the crisis and likely aggravated the contraction in output,” it says.
“An upfront debt restructuring would have been better for Greece although this was not acceptable to the euro partners. A delayed debt restructuring also provided a window for private creditors to reduce exposures and shift debt into official hands.”