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Global Economy: Bill Holter Explains Derivative Atom Bomb About to Burst (Video)
In the following interview, Bill Holter joins CrushTheStreet.com to discuss what to expect from global financial markets in coming weeks. If you’re someone who’s followed my economic blog posts on a regular basis, then much of what Holter talks about in the interview should not be things you’ve never heard of. Quite the contrary! Much of what Holter says coincides with information that people like Dr. Jim Willie, Peter Schiff, and Michael Snyder have been saying for the better part of a year.
For example, Dr. Jim Willie has been talking about the Exchange Stabilization Fund (ESF) that Bill Holter mentions since at least as early as January 2016, probably earlier. I first mentioned it in a post titled: Dr. Jim Willie – U.S. Dollar Now a Matter of National Security Due to Poor U.S. Decisions. What is the Exchange Stabilization Fund (ESF)?
In essence, the ESF is a “Top Secret” US slush fund used to deliberately hide the true impact of when there are massive selloffs of US Treasuries on the global market. Because the fund is “Top Secret,” and a matter of national security, all we know that it is used to buy the Treasuries being sold off (at God only knows what price), but since the details are kept Top Secret, it allows the bond market not to react to the glut in global supply. In turn, that allows prices to remain stable, rather causing a total panic. Similar to how the Dow is at an all time high, it’s all an illusion based on manipulation, and it’s NOT going to end well to put it mildly.
In a later portion of the interview, Bill Holter talks about the looming derivative crisis that if not triggered directly by the collapse of Deutsche Bank, will be set off nonetheless when Deutsche Bank does collapse. In another recent interview, it was revealed that Deutsche Bank is feared to be valued at almost -$1 TRILLION Dollars. AS if Europe doesn’t have enough financial chaos with Brexit. Deutsche Bank is estimated to be sitting on over $70 TRILLION in derivatives, and of those, over $30 TRILLION of them in currency swaps alone.
Bill Holter goes on to echo more of the sentiments we’ve heard from Dr. Willie when he says that not IF, but WHEN Deutsche Bank goes under, the global markets will be forced to shut down just like when Lehman collapse because the effect will be so catastrophic. Part of the chaos will be based on pure emotion and panic, the rest on reality: The collapse of Deutsche Bank has been estimated to be potentially up to 40x bigger than the Lehman Brothers collapse was, and recall how that ended up with an entire American generation getting wiped out financially.
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It also seems many are in agreement that Deutsche Bank won’t be propped up by the IMF, because Italian Banks will most likely get those funds first. Italians banks are already so far gone, expect them to fall, THEN Deutsche Bank to follow regardless. It has been suggested that Deutsche Bank Could Very Well Collapse Entire Western Banking System, because if Deutsche goes, because of their massive derivative portfolio, they’ll bring down: Citigroup, Banco Espírito Santo, Coutts, Barclays, Bank of Cyprus, Societe Generale, and many other banks as well, all in one giant domino effect.
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According to the Bank for International Settlements, the total value of derivatives contracts around the world has ballooned to an astounding 710 trillion dollars ($710,000,000,000,000). Other estimates put the grand total well over a quadrillion dollars.That makes the global derivatives bubble that currently exists over 20% percent bigger than it was just before the last great financial crisis struck in 2008. As if that’s not bad enough, there weren’t 100 MILLION unemployed Americans going INTO the last crash!
Right now, the world is experiencing the largest financial bubble the world has ever seen, and when it finally bursts the crash is going to be a crash of biblical proportions… one that Peter Schiff expects will be SO bad, it will be remembered as the single biggest event in all of human history, largely because the U.S. Dollar will finally collapse. Most Americans have no comprehension of what that means for them. It won’t be like the national deficit, that many don’t ‘think’ they feel personally. The collapse of the Dollar will have the average American families in agonizing financial pain.
FOR MORE ON THE FATE OF DEUTCHE BANK AND THE EFFECT IT COULD HAVE…
In a recent article called “Deutsche Bank to initiate the next financial crisis”, I wrote about how Deutsche Bank is going down the exact same road as Lehman Brothers. In short, both stocks are declining in a similar fashion in terms of share price.
But here is the kicker… If you thought Lehman Brothers was bad you haven’t seen anything yet. The big differences this time around with the banking crisis is that this is 40 times larger than Lehman Brothers and will directly affect almost all key countries and banks around the world. And this time, countries are in far worse shape financially than they were in 2008 during the Lehman Brothers bankruptcy.
My Concluding Thoughts:
In short, the US stock market is trying to hold up and convince investors everything is fine. While stocks are testing all-time highs I know as a technical analyst that the market is much weaker than it appears.
A lot of things are coming together to form a major market top but like all previous stock market tops, they require a lot of time to mature before they breakdown and new nominal highs are normal to see.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FOR MORE ON DEUTSHE BANK:
02/12/16: Dr. Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, and More Will Fall Like Dominos
04/15/16: Dr. Jim Willie Predicted It; Deutsche Bank Admits to Rigging Gold Markets
05/09/16: Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
06/25/16: Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
07/02/16: Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
07/06/16: New World Order Elites In Absolute Terror Of Gold Standard (Interview)
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
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FREE GUIDE TO ECONOMIC COLLAPSE OR MARTIAL LAW…
AT THE OFFICIAL BLOG SITE BELOW!
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GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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| Tea Party Community | https://www.teapartycommunity.com/profile-151600/ |
| Right.IS | http://right.is/contributor/pages/351/169/bio.html |
SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLR
FREE GUIDE TO ECONOMIC COLLAPSE OR MARTIAL LAW…
AT THE OFFICIAL BLOG SITE BELOW!
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What should worry everyone with a pension is the size of the ‘over the counter’ derivatives that have been sold by these investment banks into people’s pension fund asset allocation and how these are valued.
OTC (over the counter) derivatives are different from exchange traded derivatives and are far more dangerous. No one even knows how many of them have been written into existence.