Sunday, June 3, 2012

Get Ready For Major Bank Collapses Worldwide Qoute "The End Game" There is no stopping this…We are still on track as I have been predicting for a while now for a fall/winter collapse of the Eurozone and naked exposure of all derivative markets the world over. Europeans will go through a major reset, after time they will recover as Europeans do not carry the type of personal debt that Americans do. It is for America that I worry. Look for these signs next: 1- JPM will be bailed out again but it will not stop the coming market crash. More details will emerge about their derivative swap failure $150 billion and counting. 2-BOA (BAC Bank of America) will fold and be absorbed into JPM as a way to prop up the bleeding Giant. JPM will get the best picking of this deal just like they got with Bear Stearns. 3- Massive layoffs at Citigroup and Wells Fargo 4- Goldman Sachs finally pays the piper, look for massive cuts there as well as BIG Losses 5- Bond market bust which leads to freeze of all bond sales 6- Derivative bust the next one will be BOA followed by Citigroup 7- All CDS shorts and swaps will freeze. 8- Total Meltdown You can read the rest of what that source is saying right here. As I have been saying all along, there are two keys that you need to be watching right now…. #1 Europe #2 Derivatives Sadly, the articles that I write about Europe tend to get far less of a response than my other articles get. Most Americans simply do not understand that what is happening in Europe right now is going to significantly affect their daily lives. And most Americans have very little understanding of derivatives. But as you just read, there are some in the financial community that are warning that we could see the derivatives bubble burst very soon. Time is running out. This period of relative stability that we are currently experiencing will not last forever. You better get ready.

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