JIM SINCLAIR: WE HAVEN’T SEEN ANYTHING YET, DERIVATIVES COLLAPSE WILL BE OF MAYAN CALENDAR PROPORTIONS!
DECEMBER 10, 2012
In his latest update to CIGA’s, the legendary Jim Sinclair states that we haven’t seen anything yet, and that the financial collapse in progress due to over $1 trillion in notional OTC derivatives is going to be an event of Mayan calendar proportions.
To the amazement of the young turks and talking heads of Wall Street, economic law has not been repealed. When misuse of finance to the extreme (OTC derivative fraud) and exotic tactics are used to pretend solvency of financial entity balance sheets, the result will be not in terms of phony figures MSM doses daily to the sheeple, but rather in direct relationship to the degree of the true number in the insolvent categories of finance. The true number of OTC derivatives is above one quadrillion dollars as measured by the BIS before they cut the number in half by changing their computer program to value to maturity (which assumes all pay off, yet few will)