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Old 12-22-2014, 04:21 PM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,896
stupid, criminal bankers and the dominoes of debt

In the movies, "Silver Bears", Cybill Shepard states that all bankers are crazy. It is a result of the fact that they handle money all day but, don't have any themselves.
From Martin Armstrong, "Then there was what people called the First Gilded Age more than a century ago, when senators and representatives were owned by Wall Street and big business. This culminated in the 1929 Crash."
"Will they Hang Bankers Again on Wall Street?"
Will they Hang Bankers Again on Wall Street? | Armstrong Economics

The CBs printed lots of free money. This flowed into emerging markets and commodities. The super-cycle in commodities has come to an end BUT, the debt structure is still there. The money went into commodities as speculation that wasn't based on consumption. Danielle Park says that there is a carry-trade that is unwinding that is nominally valued at $ 9 trillion. There is an audio link halfway down the page.
Juggling Dynamite | By Danielle Park
Armstrong, " The interesting aspect is the talking heads will continue to yell and scream about a stock bubble. They are blind to the debt bubble and have not even considered what happens when government bonds go off the boards." BIG BANG & THE DOMINO EFFECT | Armstrong Economics

Armstrong, "Furthermore, so many people (mainly Americans) are so bearish on the dollar because of debt that they cannot see the simple fact that even $17 trillion in debt is nothing in comparison to $158 trillion in worldwide debt. They also fail to grasp that the US debt is the ONLY place for money right now to park among nations."
Coming Emerging Market Debt Meltdown | Armstrong Economics

OK, so the dollar goes higher because America is the current safe haven. By shifting reserves into dollars, Europe and the emerging markets are hastening their own demise.
The oil companies have had a 49% decline in valuation.
Drilling Our Way Into Oblivion - The Automatic Earth
This has caused $ 1 trillion in stranded investments. Think that might explode a few derivative contracts?
Bankers See $1 Trillion of Zombie Investments Stranded in the Oil Fields - Bloomberg
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