[onlineslotetes]

( correct me if I am wrong )

[awagsFare]

Grad,

Yours truly is of the opinion you have nailed all of it except for one overlooked correlation:
The reason why this "credit event"/5 bank default is GOLD positive is simply because the bankruptcy/coverup game is so painfully obvious "this time."

Those who have only 30 cents of each dollar account balance left will be vying for safe haven physical currency aka gold. Their only other alternative is Wiemar style equity purchases in respective global stock markets in order to keep up with inflation. Their gold buying competitors are the very thieves/bankers who will seize physical sovereign assets and leverage them into gold purchases, as well. This will force the price of gold to go much higher.


beefsteak

[dXI9XFOA]

that's exactly what Bush & Obama have done.

the US government has been outpacing private industry on the pay front the last 10 years.

And now what..? , they (the NY/London/Fed. dollar group) had a step up off the 08 crash from global demand.

After 7yrs. of debate I've joined the Carl, and HT clan,,, the world is now flat.

Thinking of changing the handle to De-Horned...

[Impariclainna]

First there has to be a dictator who can raise the standard .gov pay increases.

Where's the demand to soak up anything from the printing presses?

The demand is baked into the Reserve Currency cake. "The USD isn't great but at least it's not ...".
Also, what about all the folks out of work...the 48% if remember correctly. They'll take whatever paper "asset" they can get...until goods and services no longer accept that paper.

[dXI9XFOA]

Yous' guys need to get another silver train goin,, Weimer burst like last year.

not even making smaller purchases at this point.

[LoveTTatall]

Why do I get this crazy urge to splurge on a shiny Krug after reading this thread?

[awagsFare]

Maybe b/c it's not a splurge, plus, odds are high that....
...... today is cheaper than the future date you were planning on buying it anyhow? ? ?

[johobuo]

The big banks fill a huge power vacuum. Who's going to fill it when they are dead? They will only be really dead when they can no longer fool us that they are alive. That could take a very very long time.


Hatha

[awagsFare]

Maybe in days of yore', Hatha. Not anymore. The "death rattle" has already sounded, and it's clearly rattling in the throats of the Federal Reserves' Correspondent Banks and now eviscerating from the inside foreign central banks, as well.

I welcome [it] their collective collapse.

We don't need big banks and a debt based society to function. Honest money/coin will do just fine.

To "need them" is a myth.


beefsteak

[baskentt]

Maybe in days of yore', Hatha. Not anymore. The "death rattle" has already sounded, and it's clearly rattling in the throats of the Federal Reserves' Correspondent Banks and now eviscerating from the inside foreign central banks, as well.

I welcome [it] their collective collapse.

We don't need big banks and a debt based society to function. Honest money/coin will do just fine.

To "need them" is a myth.


beefsteak

I don't think it will work this way beefsteak. I completely agree we don't need them, but they are not going to fail without dire consequences.

Those who own and control the banks are only going to crash them if everything is crashed. It's one of their bread and butter machinations.

If the free flow of loose fiat ends, so goes the illicit drug trade, another hit to their pockets. So what would the endgame be if they crash them? Just total control? The means are in place, but I don't think they will let a power trip get in the way of their greed.

Too much time and effort has been put forth over the decades to build these behemoths. They will not fall lightly.

[leahjhburton]

FWIW: There is also this explanation: http://barnhardt.biz/ (Red Alert-Credit Default Swaps explained). I bring this to your consideration for this part alone. I have no interest in the rest of her religious views.

[dXI9XFOA]

The big banks fill a huge power vacuum. Who's going to fill it when they are dead? They will only be really dead when they can no longer fool us that they are alive. That could take a very very long time.


Hatha

If the plan to convert to SDRs is in, then the majors would need to be converted to minors.

Of course dire consequences are part the NWO transition to Babylon team.

[Intiltern]

I think the title should be:

Hypothetical Impossible Non-existant Default Of 5 Major US Banks- All Is Well- Don't Worry,

instead of:
Impending Undeclared Default Of 5 Major US Banks
----------------------------------------------------

If all the non-performing properties were foreclosed, then we could see some real trouble. So, let's just ignore them for a while.

[awagsFare]

Anyone else notice Sinclair brought to our attention late last night (Fri 2/3/2012) that 3 of the 5 biggie banks have crossed their 200 MA to the UPSIDE? Time to buy those Index Calls guys/gals...

JES uses this as emperical proof that QE III is officially underway but not announced. Fits in nicely with his German Radio interview on Thursday 2.2.2012

AIG, CITI, SQUID...

Sounds to my ears like "ISDA" has made its decision and "informed 3 of the 5 Undeclared bu Defaulted US Banks/players" holding 97% of the global game of NON-DEFAULT Greecian Swap Cards from the Dirty Debt Deck...

[Jourgenz]

QE never stopped. Operation Twist.