In this report I cover the early market action from London on Friday, June 8th, 2018. I briefly go over the precious metals, the dollar, the stock market and the bond markets.
I look closely at derivatives and their history and original as instruments for hedging agricultural commodities and how they have evolved and been hijacked by central banks and governments in order to manipulate financial prices and indicators in order to keep the fraudulent irredeemable debt or fiat money system from collapsing.
I note that derivatives are nothing but highly leveraged side bets and that the centers of finance like the City of London, Wall Street and Frankfurt hsve become centers of gambling and how interrnational banks like Deutsche Bank, JP Morgan and Goldman Sachs are nothing more than glorified casinos.
I conclude by stating tha a failure of Deutsche Bank would only be the tip of the ice berg as all the other too-big-to fail banks or SIFI have as much and if not more of an exposure to these toxic instrument called derivatives.
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Effective update..@maneco64.. Governments and central banks are always comfortable when they are in total control and can manipulate the situation. Crypto offers a different ball game altogether.
I think you right about cryptos lets just hope the bankers and polticians don't hijack the crypto ecosystem.
Dear @maneco64 sir,Thank you so much for a update information.I hope continue update news form you.
You are welcome @raselkhan566.
Excellent video.
Thanks @rollandthomas for the feedback and following.
Because gold and silver are settled in dollars and there is no transparency on actual supply (unlike Bitcoin where blockchain makes everything transparent) the banks - especially JP Morgan can and have been playing the derivative futures game forever. The only way this game can fall apart is when the bullion banks actually run out of physcial supply and are unable to deliver physical to buyers. Max Keiser tried a campaign a few years ago where he wanted to bust JP Morgan by having everyone buy 1 piece of physical silver. Kyle Bass (big hedge fund guy) is the fudiciary for the University of Texas he tells a story how he went to the Comex Warehouse to see their gold supplies and he was shocked at how low they were, when he asked the manager what would happen if everyone who was holding paper wanted to change it in for the physical? The guy told him first, that never happens and second if it did happen the price of gold would have to go much much higher. Guess what? Kyle that day took physcial rights to his gold and holds them in a seperate vault in the Comex (which he pays for). Right now I think it is 300 paper contracts on every one piece of gold - so when they open the door on the vault one guy gets the real gold and the other 299 get fiat dollars. I own physcial gold and silver and I do not care that it does not make me any money -- I see it as insurance to the mad mad world we are living in.
I respect your analysis.
Those who have the aim of life, they are focused on the market price.
I hope you analysis about market money.thank you.
fThanks to this situation of the current market, thanks for sharing this market information with us
Great update...i am waiting your next update news
Thank you. Your analysis opens our eyes. These fiat big players love blaming others and yet they lead a crooked system.
The next crash will eventually benefit the crypto. Maybe not right away but it will help.
Great videos and info. Just a tip, move the camera down a little.
thanks for information - very helpful in fast moving cycle to stay on top of things