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The Impending Undeclared Default Of 5 Major US Banks
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Joined: Tue Oct 06, 2009 1:37 pm
Posts: 147
Post The Impending Undeclared Default Of 5 Major US Banks
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The Impending Undeclared Default Of 5 Major US Banks

The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association.

This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.

http://www.jsmineset.com/2012/01/30/the ... -us-banks/

The Most Powerful Body In Finance And What They Mean To You
January 30, 2012, at 7:37 pm
by Jim Sinclair in the category Ellis Martin Report

My Dear Friends,

I was interviewed today concerning the most powerful body in the financial world that now holds in its hands the near future of all markets, from currencies to commodities, based on a single edict to be given.

The interview is being processed and should be posted here later this evening.

This organization supersedes all governments and central banks today in terms of the financial power they edict. This organization can have a greater impact on your pocketbook than the FASB did when they killed "true value" accounting.

This body is made up of the key players of the five largest banks in the USA and other countries. This body by their actions this week will guarantee QE to infinity.

This is relevant to all your assets, yes all. If you have the time listen to it please. If you don’t have the time listen to it please. If you don’t listen to it do not blame me when all hell breaks loose six months from now.

Not one word about this body was on the airwaves today, yet this group by a simple decision rules the financial plant. They will be making this edict in just a few days. They have to do it again this year. It is then that you know what will hit the fan.

I feel this is it for jsmineset.com tonight. I do not want to write another word and detract from the revelations you will hear.

Your financial future, even if you have never heard of them, is in this organization’s hands. Check in later for the interview. If you don’t check in your finances might just check out.

Please remember you have been informed of this impending edict as a service to the community.

Respectfully,
Jim


Tue Jan 31, 2012 9:50 am
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Joined: Tue Oct 06, 2009 1:37 pm
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Post Re: The Impending Undeclared Default Of 5 Major US Banks
And... a very good analysis with potential outcomes here:
(by the way, Turd refers to Jim Sinclair as "Santa")

Quote:
Santa Out In Front

http://www.tfmetalsreport.com/blog/3320/santa-out-front

Tuesday, January 31, 2012 at 9:01 am

There has been a great discussion in the previous thread regarding the dire warning and interview that Santa gave to Ellis Martin yesterday. With apologies to those actively participating in it, I felt that it must be moved to its own thread.

Lots of folks come here simply to read the main page. As we all know, that's a big mistake. The true value of this site is in the wise and learned comments that are shared with each thread. The discussion regarding Santa is a perfect example. If you missed it, here is what all the hubbub is about.

First, on his site, Santa posted this last evening: http://www.tfmetalsreport.com/blog/3320/santa-out-front


Tue Jan 31, 2012 9:55 am
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Joined: Mon Jul 25, 2011 8:57 am
Posts: 76
Post Re: The Impending Undeclared Default Of 5 Major US Banks
Oh my,,,,,,,,,,,,,,,,,,,,,,,,,,


Tue Jan 31, 2012 11:30 am
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Joined: Tue Oct 06, 2009 1:37 pm
Posts: 147
Post Re: The Impending Undeclared Default Of 5 Major US Banks
It's actually more a case of those five banks (which make up the leadership of the group who decide whether a financial event triggers Credit Default swaps) wish to lose their shirts by calling Greece's default a triggering event (and having to pay off), or allowing all the houses that bought CDS's as insurance against European sovereign bonds defaulting to go down like MF Global did. This is the most likely outcome and you can well imagine what the financial world will look like afterward! vuw


Tue Jan 31, 2012 4:49 pm
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