Banker Bunker Mentality…”The big US banks are dead, as in giant hollow reeds.”
By: Jim Willie CB
GoldSeek.com
Sunday, 7 August 2016
The big US banks are dead, as in giant hollow reeds. Such has been the Jackass refrain for eight straight years. They are insolvent monsters and destroyers of wealth and capital. They are massive criminal enterprises. Events prove the case well. The Too Big to Fail policy has instead assured the wreckage and destruction of the USEconomy. Save the big banks, but ruin the capital base. The USGovt under the management of the banker cartel since the 9/11 event, which they orchestrated in a bold move, has systematically brought down the macro business sector, permitted the USDollar platforms to decay completely, and rigged the financial markets in every conceivable arena. The central bankers are running scared. The Jackass wishes they would all depart in exile, locate on a lovely Polynesian island, and eat each other, with the winners wearing their bones and teeth.
USTREASURY BOND BLACK HOLE SEWER
The growing fear about the global banking system has driven the 10-year USTreasury Bond yields to all-time record lows as a safe haven. Investors might perceive the powerful Western Economic recession, provided they are not of low intellect. The USTBond Black Hole is drawing capital from the US land mass and the global centers, just in time for the new currency launch with devaluation. The wealth loss will be magnficent for all the dopey clumsy mindless investors who believed the bond market offered safe haven. No security can be offered by a bond market with almost no legitimate buyers, an annual $1 trillion deficit (huge supply), and deep dependence upon the Interest Rate Swap derivative contract which produces artificial bond demand at zero cost. The free ride comes as a result of the Zero Interest Rate Policy, which will never change. The entire bond market depends upon it. The truly remarkable fact is that millions of investors believe the USTBond market is a safe haven. Let Darwin do his work, and remove them from the scene, along with their wealth, which is mostly phony anyway.
Meanwhile, they might enjoy a little more gains as the TNX sets sights on 1.0% flat on the yield. The risk is acute from a list of dangers. a) The derivative machinery might break down. b) The actual price inflation might be published, as well over 6% or 7%. c) The pension funds across the United States might be forced into new Special Treasury Bonds, and thus tarnish the pristine USTBonds. d) The New Scheiss Dollar might be launched, with a devaluation, casting a bad light on the protected USTBond toilet paper. e) Narcotics might be revealed as holding up the entire US banking system nucleus, namely Wall Street banks. f) As new gold-backed currencies arrive on the financial tables, the USDollar might be recognized as a Third World currency with nearly $20 trillion in debt to default.
The Rest…HERE
