Today at 9:02 AM
Forex stayed at 1100.9 all night until this morning at 1105.3
For months, I have been warning that we were witnessing a textbook example of what the lead up to a major financial crisis looks like, and now it is happening. All of this was completely and totally predictable for those that were willing to look at the signs. Unfortunately, there are way too many people out there that think that they know it all and that have a tremendous amount of blind faith in the system. Now the system is failing, and that blind faith is about to be shattered.
We about to witness the most important global financial event since the collapse of Lehman Brothers in 2008. Glencoe has been known as the largest commodities trading company on the entire planet, and at one time it was ranked as the 10th biggest company in the world. It is linked to trillions of dollars of derivatives trades globally, and if the firm were to implode it would be a financial disaster unlike anything that we have seen in Europe since the end of World War II.
The OVERWHELMING majority of the general public has absolutely no clue whatsoever, that this is coming. When it hits, and they see their pension funds, mutual funds, 401-K’s, IRA’s get completely wiped out of existence, and realize they worked all their lives — and saved — for NOTHING, the blow back will be terrifying.
I don't mean to panic anyone but I stated back that cash was king and it wasn't time to be in the market and those who were have lost so much already. I hope some protected their positions.
if those financial vehicles are going to implode what could be left as 'safe'
If I had a lot of investment I'd be in cash but that's just my opinion
e market has been giving people indications on how volatile it really is and we see some prop up Allison people get back in only to see you go back down and they lose any games is been going on for sometime now so staying a cash position you have nothing to game but you have certainly nothing to lose
so if one has a roth IRA, sold one take some out?
I took my investments and put them on a cash position six months ago and they're going to sit there until the storm gets corrected but that's just me
no problem with banks as long as you're in a bank that does not have a derivative exposure Bis.org
I share this with people because I don't want to see them get hurt I could be wrong but then again if I'm right I didn't share with people I have my conscience to deal with and that is important to me !
Well my opinions don't cost you anything if you get into cash in the market, your amount stays unchanged! It doesn't take any expert to see the storm going on in the marketplace and it has been all you have to do is look read and educate and make the best decision that's the best for you
Watch this Cloud ... it totally bears out what Elmer is warning about... the can has been kicked as far down the road as it can... nowhere else to go... protect your retirement funds.https://www.youtube.com/watch?v=TiF3rWGURAk
Imo..your 401k should not be "cashed out" but move into a cash position. If you don't have that option online call your 401k company and request that change....I think that's what Elmer is saying
Moved into a cash position is correct. Not cashed out. Keep it don't spend it.
ok thanks again Have a brother who is very much the old school do not want to scare him and yet do want to help him!!
June I totally get that most of us that are here and chat are of the age that we've always been in this type of situation also in a Fiat currency system anytime someone talk outside of the box they cannot mentally grasp it is much without education is hard for me we are witnessing real severe changes going on around us right now and that should lift an eyebrow or two
In a Flash!!! Dow futures fall 100 points as Street digests jobs; 10yr yield drops below 2%
Elmer, though I come at this from my own place on the circle my conclusion is the same. It does take an effort to think outside the box and an even greater effort to stand your ground. I'm proof of that. 6 months ago all the Forex "experts" were calling my pattern theory naive. Now, not so much.
elmerF Yes, many are very worried and scared. Older sick people still to worry about helping and are very discussed with all that is going on and the people who are causing it and making no decisions or all the wrong ones!
eddy, the US runs everything right now, but China will be running it soon (in 50 years or so). Europe is a crumbling dynasty (including Britian and Germany), Now it's our turn. We will always be a proud and great nation, just not #1 anymore.,
Elmer very bad jobs report. Market futures went from &0 up to 120 down in 1 minute.
For the RV to happen the derivative have to be wiped out! Not paid off. China knows this has to happen And if the silly bankers don't get it China will take some attractions on their own The derivatives are a huge most significant part of this entire RV because the bankers control everything
We are witnessing change from the systemic system that has been manipulated in the Fiat currency positions Derivatives have grown to Madrid and 40 times that of all the currency in the world and because of that there's no way that we could be paid off They must be written off
The bankers know this and they been playing the game with the stockbrokers trying they're very best to manipulate the system but the good news for all of us currently hold versus the time is running out
The good news for us who hold currency is the derivative will force a change and it's going to happen very soon bad for them good for us
And since were being honest this morning you have the East bankers and the West bankers I will just say that the East bankers are not the bad guys
And who are the bankers? Say it. Today kids, we're going to look at the letter "R". Can you say "Rothschild"? Sure you can.
Elmer... I keep reading that Deutshebank are beginning to stutter and shudder... their derivative holdings are reputed to be off the scale
They are in big trouble. Along wit boa chase citi and a few others
And if Deutschebank crash then look out Europe... will make look Greece look like a mere test case for the big one
expecting...you have that reversed. Fores is the definitive currency rating site. All the others take their cue from them.
GM Tnt..Iko a year or so ago one of the gurus mentioned that right prior to the Rv, the dinar rate would start to move to some median rate from its normal rate. Is that what were possibly seeing now?
And what's great about this morning is they still have the 1100.9 posted as the low while the spread shows 1105.3. So they're still scratching their heads along with the rest of us.
FUZE..that's the 1185 I've been talking about. That rate was given to me back in Nov. 2013 by a a Wall Street heavy. Haven't heard any different yet.
Ok..thanks iko...so do you see the expected pattern?
FUZE, actually, the pattern is changing, hasn't been the same since Saturday.