muses of the moment

January 31, 2012

Big News from Jim Sinclair

Filed under: Credit Derivatives, Dollar Crisis, Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 9:26 am

Click here for a very important interview from Jim Sinclair. Media blackout on final swaps arrangement of Greece of the Big Five US Banks. VERY IMPORTANT, LISTEN TWICE.

ISDA will declare a default not a default. It seems this will be the blueprint for the future “defaults” of European country. This is how MF Global went broke, because a default was not a default, so insurance/hedge didn’t kick in. Who will be next? Will it be this time around? Next “default”?

More liquidity coming, QE to infinity. Benefit to equities and gold, bad for dollar. At some point, the default will have to be called a default and the insurance/hedge will be called in, but there will be no money. We just got closer to the end game.

A default by any other name…..

Be aware that the system is broken. The new risk is the system.

1 Comment »

  1. We are now entering the thunderdome – 2 men enter one man leaves

    Comment by madmax — January 31, 2012 @ 9:49 am


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: