Jim Willie: Derivatives Meltdown Looms: Gold to Arrive on a White Horse!

Sunday, July 27, 2014
By Paul Martin

SilverDoctors.com
July 27, 2014

The 1987 stock slam that occurred was a wake-up call. The response was the creation of a derivative banking foundation of vaporous substance.
Derivatives played a key role in the Lehman investment bank failure. In reality, it was more a planned financial murder event, orchestrated by JPMorgan and Goldman Sachs. The Wall Street kings killed Lehman in order to pick its bones and to feed Goldman Sachs.
When big banks begin to fail, the belief has been, the risk of contagion will be the main focus. Since Lehman, the major Western banks have lashed themselves together for safety and security. They have done so with financial derivatives, the rope to connect them together. So the next failures will put the entire system at risk of collapse. This is the oft-described nuclear outcome, which has been brought upon by $1.4 quadrillion worth of derivatives.
The world faces a guaranteed systemic implosion caused by derivatives. Bank failures and contagion will lead to the widespread connected failures, and lost control by both governments and central banks to manage them. Gold will be the secure port during the stormy outcomes.
Gold will arrive on a white horse. The return to the Gold Standard is the answer. The Gold Price will reach incredibly high levels when the derivative implosion occurs, when the East introduces a legitimate gold-backed new BRICS currency for trade settlement. The fallout will be tremendous, as the USDollar is rejected on the global stage.

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