The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label glencore. Show all posts
Showing posts with label glencore. Show all posts

Thursday, October 8, 2015

Got Karatbars? Glencore and Deutsche Bank showing signs of a liquidity problem that could bring down entire system

Remember this proven doctrine... when the next banking or financial crisis comes, any money or paper assets you have in the financial system will be used to re-capitalize the banks without your permission.

This doctrine is from the U.S. legislated Dodd-Frank banking reform act, and a G20 joint resolution passed back in January.  Thus seizure of your assets to bail out the banks is not only on the books, but it is now considered accepted and primary policy.  And all one has to do is go back and look at Cyprus and MF Global to validate it.

The reasons why we are bringing this up again at this time is because there are multiple warning signs flashing in neon lights of a new and more devastating liquidity crisis on the horizon, that is even greater than in 2008 which would have brought down the entire system had it not been for TARP, and tens of trillions of dollars printed to bail out the banks.  Yet the problem now is that the warning signs are coming from Europe, which have intricate and binding ties to every American bank like dominoes standing in a line.

Germany: Deutsche Bank / Switzerland: Credit Suisse in trouble

Not everything is "fine" in the land of European banks, in fact quite the opposite. 
One day after Deutsche Bank warned of a massive $7 billion loss and the potential elimination of the bank's dividend which had been a German staple since reunification, a move which many said was a "kitchen sinking" of the bank's problems (but not Goldman, which said it was "not a kitchen sinking, but a sign of the magnitude of the challenge" adding that "this development confirms our view that the task facing new management is very demanding. Litigation issues do not end with this mark down - we expect them to persist for a multi-year period. We do not see this as a "clean up" but rather an indication of what the "fixing" of Deutsche Bank will entail over the 2015-18 period), it was the turn of Switzerland's second biggest bank after UBS, Credit Suisse, to admit it too needs more cash when moments ago the FT reported that the bank is "preparing to launch a substantial capital raising" when the new CEO Thiam unveils his strategic plan for the bank in two weeks’ time. 
FT adds that "while not specifying an amount, they pointed to a poll published last week by analysts at Goldman Sachs concluding that 91 per cent of investors expect the Swiss bank to raise more than SFr5bn in new equity."
The most concerning question one needs to ask is, with the European Central Bank (ECB) running at negative interest rates for their borrowing facility, why wouldn't these banks use this option to borrow massive amounts of euros to stabilize their own institutions?  As of now we have no answer, but on the surface it appears that the Eurozone's bank of last resort isn't as capable as many think, and this leaves banks like Deutsche and Credit Suisse to seek different avenues to deal with their growing and accelerating insolvencies.
*to note - Switzerland is not part of the European Union, but up until recently, their currency had been pegged to the Euro, so access to the ECB in some form was allowed in their banking system.

Yet as a side note to see just how dire Deutsche Bank's problem's are, the German central bank (Bundesbank) issued a press release just this morning announcing their updated gold reserves, and how much gold they expect to receive in future years from repatriation.  This drastic announcement signifies just how much in trouble the German banking system is, especially as they attempt to quell concerns by showing their gold holdings as a collateral backstop.
Glencore as the next potential Lehman trigger
Over US$100bn in estimated gross exposures to Glencore 
We estimate the financial system's exposure to Glencore at over US$100bn, and believe a significant majority is unsecured. The group's strong reputation meant that the buildup of these exposures went largely without comment. However, the recent widening in GLEN debt spreads indicates the exposure is now coming into investor focus.

$100 billion in unsecured liabilities is not catastrophic unto itself, but Glencore is a commodity desk that trades in an immense amount of derivatives that have counter-parties all around the world.  Those counter-parties are the same ones that had derivatives tied to Lehman Bros. back in 2008, which of course takes this simple sum of $100 billion and multiples it by factors of hundreds or even thousands.

Now of course you would be talking REAL money.

So if multiple signs point towards the need for extreme measures to aid in re-capitalizing some of the largest banks in the world, and the largest commodity and oil trading desk in the market stands on the cusp of an implosion, what options are left for the banking establishment to use to stave off their potential insolvency?  We already pointed out that in the first part of this article, and why it is beyond time that you moved your money and paper based assets into something they cannot confiscate, or use to bail themselves out at your expense.

And that solution lies in a company called Karatbars




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Thursday, October 1, 2015

Got Karatbars? Banks around the world are in conditions just like 2008 during the 'Lehman Moment'

Back in 2008, the entire global financial system went from stable to collapse in the course of just four days.  I remember watching an interview on CNBC on the Wednesday prior to the collapse when the CEO of Bear Stearns strongly informed the talking heads of the network that they had $26 billion in capitalization, and there was no chance of them going insolvent.

However, four days later not only did Bear Stearns cease to exist after over 100 years of being in business, but Lehman Brothers also collapsed and the people of the United States were introduced to the 'New Norm' of government intervention through bailouts, money printing, zero interest rates and a program that has yet to be implemented, Bail ins.

Yet even after this intervention led to over $30 trillion of money being spent to prop up banks, $27 trillion to buy equities in the stock markets, and currencies being devalued to protect individual exports, the world stands on the cusp of an even bigger implosion, only this time it looks like it will begin in Europe.

Three banks and commodity trading desks in Europe are quickly heading towards financial crisis, and one in particular could be the domino that knocks down banks all across the world.

Glencore
Experts are beginning to warn of the dire financial impact across the mining and metals space if Glencore, one of the world's largest resource companies, is unable to control its skyrocketing debt load. 
"Glencore is like Lehman Brothers, they have the most sophisticated trading desk when it comes to metals, coal, copper, iron ore. They're not just a company processing ore from the ground. If it was to unravel, that could have a global impact," Frank Holmes, CEO and chief investment officer at U.S. Global Investors, told CNBC on Tuesday. - CNBC

Trafigura
Judging by what happened less than two months later, it appears that we have our answer: for now at least, Glencore, which is now flailing and which Bloomberg reported moments ago is set to meet with its bond investors tomorrow (supposedly to allay their fears of an imminent insolvency), is firmly the "answer" to our rhetorical question.  
And yet, something stinks.  
First, a quick look at Trafigura bonds reveals that the contagion from the Glencore commodity-trader collapse, which "nobody could possibly predict" two months ago and which has rapidly become the market's biggest black swan, has spread and we now have a new contender. And while Trafigura's equity is privately held, it does have publicly-traded bonds. They just cratered: - Zerohedge


Deutsche Bank
My best German source informs me that 3 major banks are in trouble, and these 3 banks are fighting every single night to fight off insolvency and failure.  He says CitiGroup in New York, Barclays in London, and Deutsche Bank in Germany- every single night are in trouble.    
The important thing to keep in mind about Deutsche Bank is that it won’t go down alone if it goes down at all.  If it fails, it will take along with it 3,4,5,6 or 10, or 15 other banks!   It will be 1 or 2 quickly, then a 3rd and 4th a few weeks later, another, then before you know it, all of Italy and their major banks would be kaput.  
My belief is that Deutsche Bank and its constant overnight risk of failure is somewhat tied to derivatives related to LIBOR, and also a risk related to their FOREX derivatives.   In other words, derivatives that the banks use to balance off the currencies. Believe it or not, in the derivatives world, gold is treated like a currency.  Isn’t that ironic? 
The FOREX derivatives that the banks are involved in are very much tied to gold. - Jim Willie, Silver Doctors Interview

In addition to Jim Willie's inside information on Deutsche Bank, analysts at the Economic Collapse Blog are also seeing the European power as a strong catalyst for the next global financial crisis, and has laid out their take on how and where it might start.

One has to wonder if this specter of 2008 occurring once again that is causing nations around the world to suddenly and without warning attempt to keep people from taking gold out of the country, especially as they seek more stable financial infrastructures to hold their wealth as the banks once again threaten to bring down the entire system.

There are limited options for the common man to protect their wealth, be prepared for whatever may come, and be fungible in whatever system or currency may emerge in the aftermath of the next collapse or paradigm shift.  And that option is in a form of money that has lasted over 5000 years, and is accepted in every single country on the planet.  And the best way to be prepared for all contingencies is through a company called Karatbars.




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.