When a bank has been forced to issue a statement defending its solvency, insolvency is not far behind. We saw this with Bear Stearns and Lehman.
Denial of a catastrophic problem is affirmation that the problem is very real.
- Kranzler Explains Why Silver Manipulation Right Now is the MOST EXTREME IN HISTORY!
- Silver Open Interest Soars Over 191,000, Highest OI EVER!- 1 B Oz of Paper vs 50 M oz of Physical!
- Cartel is losing control of the market- UTTERLY FAILING in This Week’s Attempts to Smash Silver Under 16!
- The ULTIMATE BLACK SWAN That NO ONE IS LOOKING FOR!
- Greek Crisis Nears End-Game- Greek Depositor Bail-in & Capital Controls This Weekend?
- London Source- London Will Be Out of Silver to Send to Refiners By Sept/Oct!
- Silver & the Shares Will Be the Best Performing Assets of 2015- Big Money Expecting MUCH HIGHER Prices!
The SD Metals & Markets With The Doc, Eric Dubin, & Fund Manager Dave Kranzler is Below:
“I’ve never seen so many sophisticated Wall Street’ers this scared in my entire career.”
Some sort of derivatives position, possibly at Deutsche Bank, has exploded.
Something deep and dark has transpired behind the Orwellian “curtain” used by the elitists to hide the inner workings of the financial markets, especially with regard to big bank balance sheets and OTC derivatives. What’s happening right now reminds of the movie “Jurassic Park.”
You can hear and feel the monster coming but you can’t see it yet…
“There is no such thing as a derivative that does not have an implied or defined interest rate characteristics. This is the chain that connects them all. That makes this problem larger than one quadrillion dollars…
Here is the concept you must understand:
Notional value of a derivative becomes real value of the derivative in the event of derivative bankruptcy.
This unwelcome change in the interest rates market, the bond market, is truly the GOD OF DEAT for the world’s financial system.
When the smoke clears, gold will be the only true measure of value (a definition of money) with gold’s only mechanism for price discovery being the now growing and transparent physical market, the paper market will be in tatters as will be the paper exchanges and paper public companies that own these exchanges.”
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.“
The Greek government has announced that it will default on a loan payment that it owes to the IMF on June 5th. If that default does indeed happen, Greek bond yields will soar into the stratosphere as panicked investors flee for the exits. But it won’t just be Greece.
We could be faced with the greatest interest rate derivatives crisis that any of us have ever seen.
Gold and derivatives expert Rob Kirby thinks crashing oil prices are going to lead to a 2008 style financial meltdown.
This is not a maybe–A MARKET EXPLOSION IS GOING TO HAPPEN IN 2015!
The financial elites are engineering the excuse for their next round of money printing . . . and they will be CONFISCATING MONEY out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”
Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market?
The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than six months this time either.
We are heading for a derivatives crisis unlike anything that we have ever seen. It is going to make the financial meltdown of 2008 look like a walk in the park.
Our politicians promised that they would do something about the “too big to fail” banks and the out of control gambling on Wall Street, but they didn’t.
Now a day of reckoning is rapidly approaching, and it is going to horrify the entire planet.
Manipulation is KING in the future’s casinos and only those who understand how they do what they do will profit right along with them…
Will there be a rebound from the recent manipulative take-down?
Quite possibly, but it is only going to be a short term rebound as the Precious Metals DEPRESSION IS the goal of the bullion banks and their minions heading into 2015 so all precious metals investors everywhere will lose their confidence in the metals and other hard assets, invest in paper stocks, and then be raped when the world wide economic collapse that I believe is coming takes place in the Fall of 2015.
I have been saying for a while now that worldwide economic collapse is soon to come to a country near you, a state near you, a city near you, and right up to your doorstep.
In all the financial world, no other than one Martin Armstrong gets it right. The same Armstrong who analyses all data everywhere, all sectors, all history, throws it all into a computer data model and out pops the date/timeframe of 2015.75 – end of the 3rd Quarter, 2015.
This is a planned crash, folks. Not a mere accident waiting to happen but a planned crash. It will be done to subjugate the entire world into one economic system with full power given out by a dictator who knows best how to rule (in his eyes) the people and make slaves the whole world over…
I highly recommend the liquidation of all paper investments and that includes stocks, mutual funds, all retirement vehicles, etc and hold your dry powder for when silver dips below $19 again this Fall/Winter.
It is going to happen and when it goes below $19 I say buy, buy, buy physical and hold it.
The coming derivatives collapse is one of the primary reasons the price of gold (and silver) is going to the moon. Gold will start moving well in advance of this event but it will go parabolic once it becomes obvious to everyone.
Our derivatives Armageddon series continues with Part 2 below.
In this video we discuss some of the insanity that lies behind U.S. derivatives accounting rules and how they favor the banks at our expense:
In the MUST WATCH video below, PM Fund Manager Dave Kranzler explains the colossal size of the derivatives market and the heads-Wall Street-wins / tails-Main Street-loses nature of this painstakingly rigged casino.
Do you think derivatives are unregulated? They are–until a series of bets goes bad and starts toppling a bank, at which point rules materialize out of nowhere and meticulously provide for the looting of your checking and savings accounts to pay off the bad bets made by your bank.
When (not if) the derivatives chain of dominoes starts to teeter, it’s going to be Open Season on your bank accounts.
Say, what interest rate is your bank paying you to take on such a huge risk, anyhow?
You are literally going to see gold and silver skyrocket well past the Moon and other planets and could go as high as some nearby galaxies next year in 2015 as the “crash of biblical proportions” comes to pass.
All the trillions of dollars in fake fiat paper money around the world will rush to buy the physical metal and ALL of it will be GONE in gone single hour, all around the world.
The worldwide physical silver and gold market is very very VERY TINY. Once the signs of worldwide economic collapse become apparent, just hours before the crash that devastates ALL the economies of the world IN ONE SINGLE HOUR as the derivatives domino game comes crashing to a halt and massive fear instantly spreads around the world, all the fiat paper money will seek hard assets as a safe haven for maintaining their value.
The precious metals dealers will literally shut down their phone lines, and trillions of dollars in paper fiat capital is going to roar into the precious metals paper fiat fiasco better known as the New York Commodities Exchange and other fiat futures casinos around the world.
It will be an explosion or SHOT heard round the world as everybody throws whatever cash they have into this completely imagined safe haven, which is not a safe haven at all but a casino of order of magnitude in the hundreds of paper futures above a tiny amount of real metal in COMEX warehouses.
What levels could gold & silver achieve in a derivatives contagion? Valuations so shocking Jim Sinclair’s price forecasts are bearish!
Marshall Swing joins The Doc & Eric Dubin this week for a MUST LISTEN Metals & Markets.
Our guest this week sees more downside straight ahead before the precious metals position for a rip-roaring rise as the final & greatest economic crash in human history takes place in 2015!
We also discuss:
- NFP: Only Wall Street and MSM could look at today’s lousy employment report and cheer
- Cartel unable to keep silver under $21: Eric sees precious metals resuming an uptrend next week; Marshall Swing sees another major cartel hit soon
- 2015: Marshall expects major financial asset downturn and complete derivatives bubble implosion– Is the coming derivatives collapse prophesied in Revelation?
Marshall makes the case why Gold & silver (paper) will crash, followed by super-spike to unimaginable levels as entire world’s financial wealth simultaneously rushes into Phyzz.
- Jamie Dimon diagnosed with throat cancer– will derivative mastermind Blythe Masters take over for Dimon at The Morgue?
The SD Weekly Metals & Markets With The Doc, Eric Dubin, & Guest Host Marshall Swing is below:
What happens when the Dollar finally collapses (AS ALL FIAT CURRENCIES DO) including the $100 trillion in paper assets? Where are investors going to store and protect their wealth?
Because the gold and silver market are so small, any move into the precious metals will make their values increase to insane levels.
The world is awash in ENERGY IOU’s masquerading as paper assets. Gold and silver are not Energy IOU’s, as they are bought and paid for ECONOMIC ENERGY. While this may be hard to quantify with data as the future is hard to predict, we can be rest assured that what happens going forward will be directly related to Energy values and physical assets and not paper trading based on Financialization.
Business as usual in the world will be over when the impact of peak energy is finally felt. Well, let me clarify that…. the market is already feeling the pain of peak oil, but due to the Fed and Central Bank monetary printing it is being masked.
What the h*ll happens when interest rates rise? The whole thing blows up in their face.
Silver and Gold will become great stores of value and excellent investments in the future due to Peaking of the Driver of the Economy — ENERGY.
The too big to fail banks were in the headlines every single day and our politicians promised to fix the problem. But instead of fixing it, the too big to fail banks are now 37 percent larger and our economy is more dependent on them than ever before. And in their endless greed for even larger paychecks, they have become insanely reckless with all of our money.
Mark my words – there is going to be a derivatives crisis. When it happens, we are going to see some of these too big to fail banks actually fail.
At that point, there will be absolutely no hope for the U.S. economy.
We willingly allowed the too big to fail banks to become the core of our economic system, and now we are all going to pay the price.
In this in-depth and wide-reaching interview with Elijah Johnson, Rob Kirby (one of the industry’s foremost experts on the OTC/IR swaps derivatives market) discusses precisely how preciously metals market manipulation is likely to end, the super-nova shock to the US financial system that will result in the subsequent spike in interest rates, and the subsequent eventuality of a full-fledged hyperinflation descending on the US.
Kirby advises listeners that “If you don’t hold GOLD, you’re committing financial suicide“, and also discusses how the long-anticipated wealth grab by a desperate federal government is likely to play out.
Rob Kirby’s explosive interview on derivatives, gold, hyperinflation, and gov’t confiscation is below:
In his latest update to CIGA’s, the legendary Jim Sinclair states that we haven’t seen anything yet, and that the financial collapse in progress due to over $1 QUADRILLION in notional OTC derivatives is going to be an event of Mayan calendar proportions.
Sinclair’s full MUST READ alert below: