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Well they did halt cash withdrawals. So not so sketchy, huh?
gladtobehere
reply to post by Maluhia
I saw the zerohedge article and was about to post but didnt have a chance to research the claims.
Zerohedge can be hit or miss. Last week they reported that the Russian bank Lender has halted cash transactions. Their source was an "anonymous caller/call center rep."...
But this story seems a bit more legit. Looks like his last title at the "Fed" was Assistant VP.
Wonder what he knew...
edit on 31-1-2014 by gladtobehere because: wording
Maluhia
reply to post by Xcathdra
I'll go on record - my guess is the bubble will be the derivatives market. They're trying to rein it in with regulation, but it's gotten way out of control. And it's huge - $700 trillion. I don't understand it at all - I think few do - except the big boys. That's the problem.
www.ft.com...
edit on 31-1-2014 by Maluhia because: (no reason given)
Urantia1111
reply to post by Maluhia
Do people usually off themselves on the side of the road? That seems fishy to me. I've not heard of that happening.
Both of the men who killed themselves were intimately concerned with judging and safeguarding their bank from risk.
To give you an idea what sort of risk that size of a derivatives book is consider that the entire GDP of Germany is €2.7 Trillion. Remember that Derivatives are what Warren Buffet dubbed “weapons of financial mass destruction.”
Next question might be, when do these weapons become dangerous? The answer obvioulsy varies in accordance with the type of derivative you are considering. One huge group of derivatives that both JP Morgan and Deutsche both deal very heavily in are currency and interest rate swaps.
They become dangerous when there are large moves in currency values and interest rates. At the moment The Tukish Lira has been in free fall for days.
The Turkish central bank tried to defend it and could not stem an unstoppable tide. It then stunned everyone by raising its over-night lending rate (the interst rate it charges to lend to banks over-night) from 4.25% to 12 %!
Maluhia
If there was a suicide note, it was well hidden. His family initially thought he was missing and had been looking for him since at least the day before.
pleasethink
Could be that the whole entire banking system is being brought to collapse in order to merge them all under one worldwide super bank. You did see many prominent mergers of banks after the previous collapse. You might also consider that the same thing appears to be happening to the nationalistic identity of the US. Can't have these thoughts of independence when you want the whole thing under one umbrella.
NuclearPaul
Maluhia
If there was a suicide note, it was well hidden. His family initially thought he was missing and had been looking for him since at least the day before.
Sounds fishy to me. Why hide a suicide note?
Sounds like the victim was murdered and the "hidden" suicide note placed there some time afterwards, to make it look like it was there all along.
MessageforAll
I would really start panicking if the week ahead of us has more suicides. So far it could be an old score being settled. Maybe those where part of a group who speculated with the money of the wrong person.
Btw: on a sidenote, does anyone find the timing of the movie " The wolf of wall-street " just right? I saw the movie last night, there are a lot of winks what's happening now.
GogoVicMorrow
reply to post by Xcathdra
I think you're right. Three guys took the obit over the expose.
Funny (to me and in a dark way) anecdote. I was giving an interview to a reporter for a project I was working on and I asked her when it would be in the paper and she said "oh, ill get it in tomorrow; i'll just half ass the obits." She said it with a laugh and it shocked me.edit on 1-2-2014 by GogoVicMorrow because: (no reason given)