We are back at 2008 again...you said it all in those words
Quoting: imjustsayin Yes, but this time there is even more instability and more risk.
OTC derivitives never went away, they just keep growing.
"In a derivitives counterparty default, notional value becomes real value." - Jim Sinclair
Yaaaaaay a Jim Sinclair reader!!!
The derivatives market was estimated by someone at 600 TRILLION.
All this will require a GLOBAL RESET (even without the complication of the BRICS launch)
And THAT my friends requires DEVALUING the USD.
Some say the plan is to do it in steps with several rounds.
At LEAST 30% GONE first round - to $1.00=$.70
Then round two would be another 30% so that now $.70=>$.49
Watch the DOLLAR dissappear - as this DOES NOT account for INFLATION which is eating up the value without changing anything.
So - $1 in the Bank = $.49
(before any confiscations - remember the Cypriots STILL haven't gotten their money back after the IMF froze accounts- they still hold 40% - even tho the statements SAY THE SAME-they can't have their own money.
They will "CYPRUS" the US accounts if and when they are ready.
Take the AC's advice above and do not trust the banks.
Christine LaGarde thinks your money is their money (IMF)
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link to www.realistnews.net]
