- Time Out Productions presents former ARCO chaplain Lindsey Williams on the coming derivatives crash!
‘A large Chinese bank just last night ran out of liquidity and was bailed out by the government. Furthermore: “The seven-day repo rate, the benchmark rate for funding costs between banks, surged to 12.33% Thursday afternoon from the 8.26% rate at Wednesday’s close. It had averaged around 3.30% this year before the liquidity crunch began at the end of last month.” This is the same phenomenon that occurred globally in September 2008.’
‘The U.S. market has DECLINED over the past month, the Japanese stock market has recently dropped 20%, the U.S. bond market sold-off, gold (GLD) is down 20% year-to-date (YTD), Chinese stocks (FXI) have fallen 19.69% YTD, emerging markets stocks (EEM) have depreciated 11.3% IN THE LAST MONTH, copper—a premiere asset considered to indicate growth or contraction, has contracted 18% YTD, etc… Investors should not ignore this massive deflation in global markets and assets.’
Telephone conversation last week
Pastor Williams also spoke with his elite friend last Thursday 13th June 2013 and said “Some very significant things are happening in the Derivative market and with interest rate and gold, at this time.” After pressing the issue he stated “As for gold — J.P. Morgan announced yesterday that their vault gold has dropped by 28.4 % over night. Nations are demanding physical delivery. Within a month and a half JP Morgan estimates their vault will run out (Be empty) Other vaults are probably running out also. WHAT HAPPENS THEN? Startling when supply dries up. This has many of us very concerned. Be sure that everything you own is in your possession. Crash — I don’t know. Be ready for a public reaction. Interest rates are the greatest factor controlling the Derivative market. This could be violent”.
Please take warning, Pastor Williams said he doesn’t know how far this will go, hope for the best but prepare for the worst.