Derivatives Nearly Took Down The World Financial System Back In 2008-2009, Have We Learned Anything From That Near Death Experience

Posted By on November 25, 2010

The answer is NO!…..Over the counter (OTC) derivatives are larger now then in 2008.  Logic says that a currency or interest rate surprise could do the derivative trick next time around.  These markets are huge and could sink a battle ship because of the sheer size of the markets they’re involvd in.  We may limp through 2011, and hopefully so, but 2012-2014 should be on our calendar.  It could be a dozer!  All eyes on the road up ahead, let’s pay attention everybody!  If you see dominos start to fall…..run baby run!

This is a total Western world currency problem whose basis is still not fully discussed (or understood). The essence of the problem is as much overspending and debt (by governments), but media forgets, facilitated by the national OTC derivative camouflage.

                                                                                     Jim Sinclair

www.jsmineset.com

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