Socio-Economics History Blog
Socio-Economics History Blog
The financial derivatives market is a OTC, privately agreed, opaque market. Nobody really knows exactly how large the CDS amount involved is. There are no standard contracts and it is not subjected to regulation or reporting like the normal insurance market is. – Sinclair – Greek Tragedy Part of $37 Trillion, Not $3.5 Billion! by www.kingworldnews.com …
It appears the ISDA will not be able to deny the obvious. A credit event: default has occurred and CDSs will be triggered. Exactly how much, US$3.5B or more, nobody knows. – Greece Deal Triggers $3B in Default Swaps: ISDA By Abigail Moses and Mary Childs, http://www.bloomberg.com/ Greece’s use of collective action clauses forcing investors …
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The world is on the cusp of a global economic, financial and monetary collapse. It will start in the PIIGS, reverberate throughout Europe, spread to UK, Japan, … and finally America. The world is over burdened by an insurmountable mountain of debt that will not be repaid but in depreciated fiat currencies! – Mr. Market: …
The bullion bankster can manipulate the prices lower via the Crimex paper market. But they cannot prevent the depletion of physical gold/silver. Such low prices are a gift to those who understand what is going on. Fiat currencies are going down the toilet bowl of currency debasement. The Chinese are dumping their USD hoard for …
It is a question of when the dominoes will start to fall. If not Greece then one of the PIIGS will trigger the collapse! Got physical gold yet? – Greyerz: Greek Deal to Collapse Causing Trillions to be Printed ! by www.kingworldnews.com Today Egon von Greyerz told King World News even if a Greek deal …
Why anyone would want to invest in Greek bonds is beyond me. It is a guaranteed loss making enterprise! – Greek “Fresh Start” Bonds Face Immediate 80% Loss, 98% Probability Of Redefault ! by Tyler Durden, http://www.zerohedge.com/ As ‘news’ breaks of over 80% participation in the Greek PSI deal and the apparent optimism that this …
It appears the Greeks managed to get 85% on board for their debt restructuring. It remains to be seen whether the ISDA will declare a default for the remaining 15% who refused to participate. – Greek bond swap concluded successfully! By William L. Watts, www.MarketWatch.com FRANKFURT (MarketWatch) — Greece completed a crucial debt swap with private …
Greece on brink of default as bond deal falters! By Louise Armitstead, http://www.telegraph.co.uk/ Less than half of Greece’s international creditors had agreed to a vital €206bn (£172bn) bond swap on Wednesday night, leaving Athens dangerously exposed to default. – The Royal Bank of Scotland, Barclays and HSBC joined 30 European banks and institutions in declaring …
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It will be interesting to see what kind of rabbit the ISDA (and its bankster controllers) pull out of their asses to handle the Greek situation. Declare a credit event ie. default and the banksters will have to pay billions. Don’t declare a default and the CDS market will tank and the banksters will lose the billions of …
We will know within 24 hours whether sufficient PSI have accepted the Greek debt restructuring plan. It appears the Greeks will not meet the 75% participation rate targeted. What happens next is the interesting question. Will the ISDA issue a credit event – default call and trigger the CDS? What is the real exposure of the banks …
Don’t be too concerned with the latest smash down of gold and silver by the bullion banksters. It is just a managed retreat. They know that physical demand is overpowering and gold price will go higher. They are just not ready yet to abandon their world fiat currency hegemony ie. USD, so they take gold …
Ultimately, the Illuminist central banks of the world will create a massive amount of money out of thin air to bail out their banks! Inflation will flare up. – Brodsky – US Money Base Will Explode to $15 – $17 Trillion! by www.kingworldnews.com With tremendous volatility in gold and silver, today KWN wanted to speak …
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I don’t have enough knowledge to say how China will progress ie: soft or hard landing. I don’t think China will break apart like the USSR because it is largely one homogeneous country. The official statistics cannot be trusted and it remains to be seen how China will fare when oil prices hits US$150-200/barrel. Yes, it …
I thought Ireland was bailed out, was saved ! What happened? The MSM will not tell you the truth. Ireland was not bailed out. It was the banksters who were bailed out! The intent of the Illuminists is to dump all the debts of their banks onto the public. The Irish sheeple, like the Greeks, Spanish …
Greece has not been bailed out. It is the banksters which have been bailed out! It is about the destruction of national sovereignties, the overt expression of power by the western Illuminati for the coming Luciferian New World Order. (emphasis mine) – What the Greek Rescue is Really About! By Dan Denning, http://dailyreckoning.com/ 03/05/12 Melbourne, …
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=Ct8jWZVCH0I] A SGTreport silver update. The Banksters prevented the Pan Asia Gold Exchange from ever doing damage to their fractional reserve bullion banking monopoly, they won’t be so lucky a second time. – TFMR Podcast #14 – Ned Naylor-Leyland Discusses PAGE, Silver http://www.tfmetalsreport.com/podcast/3468/tfmr-podcast-14-ned-naylor-leyland-discusses-page-silver-and-true-price-discovery – Andrew Maguire on KWN http://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html end
Spain and Italy are the hot potatoes in this Eurozone sovereign debt crisis. If they fall, and they are likely to do so, it is game over! Trust me: the casinos are taking bets on when the Eurozone will fall and not whether! – Spain’s sovereign thunderclap and the end of Merkel’s Europe! By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ …
Will Greece be the domino that causes the fall of the Eurozone? Who knows? But even if Greece is not the one, we have many candidates in the PIIGS. It is a question of when the Illuminists will pull the plug and trigger the global economic, financial and monetary collapse. They are already lining up the military hardware …
It will be interesting to see what type of rabbit the ISDA will pull out of its ass to declare a default not to be a credit event – default ! If they declare it is a default all the CDSs will be triggered and the banksters will have to pay out billions of dollars. …
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Oops: ECB Says Greek PSI Participation May Fall Short, As Troika Expects Third Greek Bailout ! by Tyler Durden, http://www.zerohedge.com/ Following up on Peter’s summary of the if-then conditional analyses to be conducted concurrently by various classes of Greek bondholders ahead of Thursday’s PSI deadline (even as Bingham is rapidly organizing a Greek ad hoc …
