Jim Sinclair Speaks His Mind On Derivatives
Posted By thestatedtruth.com on March 2, 2010
Jim Sinclair has always spoken his mind, let’s pay attention to what he’s saying! He is a firm believer that derivatives are the world’s biggest risk unless contained and made transparent (nearly happened already, just read Henry Paulson’s book On The Brink)…..also, let’s not forget, Warren Buffett has said over and over “unregulated derivatives are financial  weapons of mass destruction and it’s the only way to look at it”! Enough said!
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 When Greece falls “CDS OTC Instruments of Western World Financial Destruction” will tear apart every currency, including the dollar, one state at a time.
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Merkel will kill herself and Germany if she persists in political grandstanding.
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When Greece is bailed out it is “Quantitative Easing to Infinity.”Â
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Either way this is a catastrophe because the OTC CDS market now cannot be stopped as it will issue out of Uzbekistan or a satellite country if necessary.
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It is too late. The monster that will eat the Western World has been set loose in Wall Street.
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My observation is the financial leaders are acting too stupid to be stupid, so what is the agenda?
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The agenda for gold is $1650 to $5000. Take your choice.
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Gold mines will be mining money even though that concept has never entered the minds of the major producers. If it had they would not sell every ounce they mine or hedge anything ever.
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Regards,
Jim
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Greek PM: Gov’t Needs To Borrow At Normal Rates
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Ignore Greece for a moment. Do Europe, United States, and parts of Asia deserve to borrow under current terms? As the debt pile continues to grow across the West, is price no longer a function of risk in the fiat system? The rising price of gold in large part reflects the answers to these questions.
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Prime Minister George Papandreou says that if Greece cannot borrow on terms that are similar to those enjoyed by other European Union countries, the results will be “worse than catastrophic.”
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Source: finance.yahoo.comÂ
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Merkel will kill herself and Germany if she persists in political grandstanding.
Â
When Greece is bailed out it is “Quantitative Easing to Infinity.”Â
Â
Either way this is a catastrophe because the OTC CDS market now cannot be stopped as it will issue out of Uzbekistan or a satellite country if necessary.
Â
It is too late. The monster that will eat the Western World has been set loose in Wall Street.
Â
My observation is the financial leaders are acting too stupid to be stupid, so what is the agenda?
Â
The agenda for gold is $1650 to $5000. Take your choice.
Â
Gold mines will be mining money even though that concept has never entered the minds of the major producers. If it had they would not sell every ounce they mine or hedge anything ever.
Â
Regards,
Jim
Â
Greek PM: Gov’t Needs To Borrow At Normal Rates
Â
Ignore Greece for a moment. Do Europe, United States, and parts of Asia deserve to borrow under current terms? As the debt pile continues to grow across the West, is price no longer a function of risk in the fiat system? The rising price of gold in large part reflects the answers to these questions.
Â
Prime Minister George Papandreou says that if Greece cannot borrow on terms that are similar to those enjoyed by other European Union countries, the results will be “worse than catastrophic.”
Â
Source: finance.yahoo.comÂ
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