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BSOSCBlog.com • View topic - Latest Financial Coming Crash Warnings

Latest Financial Coming Crash Warnings

Latest Financial Coming Crash Warnings

Postby jpf1030 » Thu Feb 11, 2016 4:50 am

Howdy Ya'll,

There is no doubt the financial meltdown has already started. For years, I've been posting on here to get precious metal, particularly silver and if you can't afford that, stockpile US nickels coins and pre-1982 pennies because their base metal content has exceeded their face value in recent years and will again (soon) to multiples of their present face value.

Just because we don't hear a word about the pending financial crash to total collapse on mainstream media does not take away from factual financial industry insider news sources which are screaming warnings to get out NOW from paper investments. Virtually all agree we should stive to get debt free, but at least keep 3 months survival cash on hand. The only safe plan is to keep our money out of the banks in our own safekeeping.

There is no harm in being precaucious in taking financial safety steps of getting your money out of banks, try to get 3 months survival cash set aside, put the remainder into preparedness supplies and any left over after that can be invested into precious metals.

Below are reports I mentioned to financial & ET expert, George Green(many youtube interview videos), when he came over this morning, particularly Bill Holter's column today. Even the one from Andy Hoffman is revealing in how precarious the global financial condition is now in. I read every single column Bill Holter writes and a majority of those of Andy Hoffman. Maybe I like Bill Holter so much because he is a plain talkin' Texan!!! (Can't get away from ones roots!). I will look forward to our further discussions of the upcoming scenario as it is apparently vital that we not procrastinate in taking proactive preps for what is now happening right before most people's closed eyes.

Get Prepared now while the window of opportunity is still open. Maybe it will be open another year or more or it may be slammed close in a week or so. As we always say in our meetings, it is better to start preparing 10 years too soon than 10 minutes to late.

Happy Preparedness Trails,
jpf


On Wednesday, February 10, 2016 11:31 AM, Miles Franklin Ltd. <news@milesfranklin.com> wrote:


Bill Holter
Germans and Japanese play "rollover"!

After my last article we received two logical questions from readers. The first one pertaining to "gaps" and the Deutsche Bank derivative exposure, the second pertaining to Japan's strong currency with negative yields while the debt to GDP levels are astronomical. Below is the first question;

"In the past you have warned about derivative exposure and now gapping.

One of my worst fears as a day trader on a derivatives platform is gapping. That is why I will never have an open position when the market is closed. Even then, that is not guaranteed.

A lot of trading platforms got hammered when the Swiss franc was revalued.

Could you put out a letter for your readers explaining why for example the Deutsche Bank derivatives exposure is so dangerous in terms of gapping."

In my opinion, this is a very astute observation. The reader will not carry overnight positions because as he says, "the Swiss franc revaluation killed many" within less than 10 minutes of the markets opening. That said, even if not in any overnight position and the great leveling moment comes, how does anyone know if their broker even survives the carnage ...with YOUR MONEY? But this is another topic entirely.

As for Deutsche Bank, we know they have been recently screaming about negative interest rates hurting their operations. This very well may be so, but it is my opinion it is not so much negative interest rates killing them. I believe it is off balance sheet derivatives. Not only has DB denied any problem, the German finance minister has now chimed in with reassurance! http://www.zerohedge.com/news/2016-02-0 ... tsche-bank Where have we seen this before? Does Bear Stearns or Lehman Bros. ring a bell? Doth the Germans protest too much? By the way, their credit spreads are stretching out, and stock price has now taken out the 2008 lows!

The second question regarding confusion of Japan's 10 yr. yield hitting 0% and their currency strengthening while being the fiscal basket case of the world is also a good one but very simple to explain. http://www.zerohedge.com/news/2016-02-0 ... ocks-crash Japan has a debt to GDP ratio of 260%, if you add in corporate debt it approaches 400%, how could they not have a crashing currency and 20% (or higher) interest rates? The simple answer is this, the global "carry trade" is unwinding. The Japanese yen was a major tool used to create and float the carry trade which inflated assets. Now, as asset prices are falling, this trade is being unwound (think of it as a margin call). Previous yen that were borrowed are now being bought back to settle the trade. This was a synthetic short similar to the dollar short being covered. A quick question and very short answer, why would anyone in their right mind invest money for 10 years at zero percent in a currency who's issuer publicly states their goal is to grossly debase? Answer: BECAUSE THEY HAVE TO!

The problem is this, as the yen strengthens from short covering it is putting more and more of these carry trades under water and actually forcing more sales of assets and more buying of yen. This will end in one of two ways ...both badly! Either the trades get unwound with asset prices collapsing and the yen at truly stupid levels, or someone "fails" and the derivatives chain breaks. I would personally bet the farm on option number two.

While writing this, CNBC is parading guest after guest as to whether a recession is "likely". This is not about a "recession", this is about whether the entire system fails or not! Can Deutsche Bank "fail" while being counter party to over $70 trillion in derivatives? Can even a small counter party fail without causing a cascade? Just look at the volatility in markets, junk bonds are collapsing, credit spreads blowing out, currencies making wild swings, $7 trillion worth of sovereign debt trading at negative interest rates ...not to mention stock markets moving from all time highs into bear markets within just a couple of months. (While editing this, CNBC is actually questioning if DB is a "one off" situation? Is this even possible? Do they even understand what they are asking?!!!)

Do you think "someone" might have lost some money since January 1st? Enough to bankrupt them? THIS is the question! The answer in my opinion is this, there are dead bodies strewn all over the place yet are hidden from view. They are being hidden from view because if they are seen, the entire system comes into question with answers being delivered within probably a 48 hour period. The answer of course will be the biggest "gaps" in all of history ...both in price AND time! By this I am saying the re opening gaps will be larger in percentage and the time to reopen longer than ever before.

Whether you want to see it or not, the financial system is in a forced unwinding. It took some 70 years to build this great credit edifice, when it goes it may take less than 48 hours to take it ALL down. To finish I leave you with a short clip of what the collapse might look like ...and how quickly it can get there! https://www.youtube.com/watch?v=KUsj7EdZigM

Standing watch,

Bill Holter
Holter-Sinclair collaboration
Comments welcome! bholter@hotmail.com


DEUTSCHEBANK ON THE VERGE OF TAKING DOWN THE ENTIRE GLOBAL MONETARY SYSTEM

How much clearer can I be that we are already amidst the "Big One" - with NO CHANCE of turning back? And that, barring a global PPT miracle in the next 24 hours, the answer to the question I posed on Saturday - i.e., "will Wednesday be the long-awaited Yellen Reversal?" - is decidedly YES! Not that she'll join the ECB and BOJ at negative interest rates at tomorrow's Humphrey-Hawkins Congressional testimony, of course. No, that will come shortly thereafter; perhaps, at an "emergency" session - in the coming months (or weeks), depending on how successful said PPT efforts are. As, per what I have shouted from the rooftops for the past three weeks, I do not believe there's a chance the world survives 2016 without a catastrophic financial event. As if what's occurred already isn't catastrophic enough!

Frankly, I could have just as easily titled today's article "Bank of Japan on the verge of taking down the entire global monetary system." Or replaced Bank of Japan with ECB. Or, contrary to what the entire mainstream will conclude regarding the ramifications of a potential Fed rate cut, the Federal Reserve itself. As frankly, there aren't words for the incredulity I'm experiencing watching the Bank of Japan and ECB not only dismally fail in their recent NIRP and QE pronouncements - but catalyzing the polar opposite effect of the "stability" they sought. Which is exactly what occurred when the PBOC attempted a "controlled" Yuan devaluation last summer - which I presciently forecast would be the "cataclysmic financial big bang to end all big bangs." Not to mention, when the Fed attempted to promote "confidence" by raising rates - which I also knew would be a disaster, per September's "only financial event as potentially cataclysmic as a significant Yuan devaluation."

In Japan's case, the Nikkei has been in freefall since the BOJ announced NIRP two weeks ago - with last night's 5.4% plunge, led by the terrifyingly ominous implosion of Japan's insolvent banking sector, making a mockery of yesterday's afternoon's blatant U.S. PPT "hail mary" rally. Which, I might add, still resulted in dramatic losses. Moreover, demonstrating how everything Central banks attempt now fail, the Yen has surged against the dollar; as has the Euro, as the "big three" currencies hopelessly fight the unwinnable "final currency war." To that end, I maintain my staunch belief that the "Land of the Setting Sun" will be the first "first world" nation to experience 21st century hyperinflation; and that the "European Union" - and Euro currency as currently constituted - won't last through the decade.

That said, Japan is but a pimple on the arse of Europe, in terms of the cataclysmic impact of its burgeoning political, economic, and social collapse. Heck, I could write an entire article on GREECE, based on the horrifying events occurring today alone. Which, as I predicted last summer, likely won't make it through to the middle of this year without a catastrophic default of a significant portion of its €600 billion of debt; the large majority of which, is owed to Europe. To wit, the Greek stock market is down 12% in the past 24 hours alone; whilst its sovereign yields are exploding - ECB QE and all; with strikes and riots are taking place as we speak.

That sad, the credit default swap rates for Greece's largest, soon-to-be-dead bank aren't much higher than Deutschebank. I.e., Europe's largest bank; the world's largest derivatives purveyor; and the largest financial institution in the nation holding together the collapsing European Union via smoke and mirrors. Yes, the land of exploding migrancy crisis; Volkswagen "Diesel-Gate"; and an imploding political regime - in which 40% of the population is calling for Angela Merkel's resignation; and the words revolution, anarchy, and crisis are becoming eerily commonplace.

Since the ECB engaged in NIRP two years ago - and QE last winter - things have gone from bad to worse in the Eurozone. As we speak, the entire continent is enveloped in the early stages of a financial crisis that will be MUCH worse than anything experienced in 1929, 1987, 2000, and 2008 combined. Bank stocks are down more than 25% this year alone; credit risk - via high yield bonds and credit default swaps - are in many cases already at 2008 financial crisis levels. In other words, "2008, Part II" has already started. And frankly, anyone who is NOT running to the exits right now, in my view, has a financial death wish. Or, for that matter, NOT protecting at least a portion of their hard-earned life's savings with Precious Metals, at today's historically Cartel-suppressed prices. Remember, during 2008, the world RAN OUT of gold and silver for roughly two months! Only this time, supply is much lower to start with; demand much higher; and the amount of printed money that will chase said scarce supply exponentially larger.

In Deutschebank's case, its $165 billion of debt - compared to roughly $140 for Lehman before it collapsed - is dramatically understated due to its $50+ trillion of "gross notional derivatives exposure." Let alone, its massive exposure to the PIIGS, France, and the rest of the collapsing European Union. Honestly, no one knows exactly how much Enron-like "off balance sheet" liabilities DB has. However, like Enron, Lehman, Fannie Mae, and all of the previous frauds before it, financial markets couldn't be more "on to it." In other words, just as was the case with early 2000s Ponzi schemes like Enron and Worldcom; and 2008's Lehman, Fannie Mae, AIG, Bear Stearns, and others - Deutschebank's stock, bonds, and credit default swaps are screaming imminent bankruptcy. In 2008, of course, it was screaming the same thing - but was deemed "too big to fail," and promptly bailed out. This time around, no such salvation awaits - for Deutschebank, Alpha Bank, or hundreds, if not thousands of insolvent banks worldwide; as neither the will, nor the funds, to bail them out exists. Unless, of course, Central banks hyper-inflate; or governments "bail in"; in which, in either case, World War III will nearly certainly follow, plus civil wars, military coups, and other draconian social and government responses.

This morning, DB stock is down 4% - following yesterday's 11% plunge - to a new all-time low. This, one day after it published an open letter to the ECB and BOJ to stop lowering rates, as it is killing their business (read: derivatives book). Which is quite telling, given that every other investment bank is practically pleading for what they erroneously believe will be "market stabilizing" rate cuts and monetizations. Moreover, as its credit default swaps have surged toward their 2008 crisis highs, not only has DB's management - like those of Enron, Lehman, and all other Ponzis before it - put out a press release "assuring" the world of its financial stability, but sent a letter to its employees not to panic. Again, like Enron, Bear Stearns, Lehman, etc..

From my experience, all that remains of DB's final death throes - and potentially, the entire global monetary system - are the mysteriously floated "rumors" that all's well; followed by vicious stock rallies, which ultimately crash back to Earth, just as oil following last month's "rumors" of Middle Eastern war and Saudi production cuts. And again, I cannot emphasize enough the contagiousness of DB's toxic derivatives book. Which, when combined with the equally lethal balance sheets of essentially all global banks, may well set off the most devastating nuclear financial disaster of all time.

Again, I don't know exactly how things will play out - nor does anyone else. However, the way I see it, Deutschebank is at the top of the list of potential catalysts to permanently end financial markets as we know them. And with them, the ability to protect yourself from the inevitable - perhaps imminent - destruction of history's largest, broadest fiat Ponzi scheme.

P.S. I'll be writing about this in more detail shortly, but please give Miles Franklin a call, at 800-822-8080, about the recently announced Canadian Royal Mint "Roaring Grizzly" .99999 fine gold coin"; and the first of its four-coin silver "Predator" series, the Cougar.
Visit SOS General Store for all your
jpf1030
 
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