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Two Clear Signs That the Political/ Financial Elite Know Another Crisis is Coming
The Powers That Be know another Crisis is coming.
Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political and financial elite have begun implementing moves to prepare for the next Crisis.
One of the clearest is the decision to accept physical Gold bullion as collateral for “paper trades.”
The vast majority of “wealth” in the financial system is digital in nature. Because of this, when the next Crisis hits, there will be a scramble for actual “money” because the fact of the matter is a lot of the derivatives and other digital forms of currency are in fact worthless.
Consider that the large clearing houses (ICE, CEM and LCH which oversee the trading of the $700+ trillion derivatives market) ALL began accepting Gold as collateral back in 2012.
From 28 August 2012 unallocated Gold (Loco London) will be accepted by LCH.Clearnet Limited (LCH.Clearnet) as collateral for margin cover purposes.
This addition to acceptable margin collateral will be subject to the following criteria;
Available for members clearing OTC precious metals forwards (LCH EnClear Precious Metals division) or precious metals contracts on the Hong Kong Mercantile Exchange. Acceptable to cover margin requirements for all markets cleared on both House and ‘Segregated’ omnibus Client accounts.
Source: LCH Clearnet.
CME Clearing Europe will accept physical gold as collateral, extending the list of assets it’s prepared to receive as regulators globally push more derivatives trading through clearing houses.
CME Group Inc. (CME)’s European clearing house, based in London, appointed Deutsche Bank AG (DBK), HSBC Holdings Plc and JPMorgan Chase & Co. as gold depositaries. There will be a 15 percent charge on the market value of gold deposits and a limit of $200 million or 20 percent of the overall initial margin requirement per clearing member based on whichever is lower, Andrew Lamb, chief executive officer of CME Clearing Europe, said today.
“We started with a narrow range of government securities and are now extending that,” Lamb said in an interview today. “We recognize there will be a massive demand for collateral as a result of the clearing mandate. This is part of our attempt to maintain the risk management standard and to offer greater flexibility to clearing members and end clients.”
Source: Bloomberg.
China just joined this strategy last week:
China's Shanghai Gold Exchange said it will allow physical gold to be used as collateral on futures contracts from Sept. 29, according to a statement posted on its website on Thursday.
Physical gold will be permitted to be used for up to 80 percent of margin value, according to the statement. (Reporting by Meng Meng and Aizhu Chen; Editing by Subhranshu Sahu)
Source: Reuters
These are clear signals that the large financial firms are aware that most derivtiuves (futures, options etc) will be worthless during the next Crisis.
Another sign that the Powers That Be know something nasty is approaching comes from recent legislation being implemented to make it much harder to move money into physical cash.
If you find difficulty in taking my word for this, consider the recent regulations implemented by SEC to stop withdrawals from happening should another crisis occur.
The regulation is called Rules Provide Structural and Operational Reform to Address Run Risks in Money Market Funds. It sounds relatively innocuous until you get to the below quote:
Redemption Gates – Under the rules, if a money market fund’s level of weekly liquid assets falls below 30 percent, a money market fund’s board could in its discretion temporarily suspend redemptions (gate). To impose a gate, the board of directors would find that imposing a gate is in the money market fund’s best interests. A money market fund that imposes a gate would be required to lift that gate within 10 business days, although the board of directors could determine to lift the gate earlier. Money market funds would not be able to impose a gate for more than 10 business days in any 90-day period…
Also see…
Government Money Market Funds – Government money market funds would not be subject to the new fees and gates provisions. However, under the proposed rules, these funds could voluntarily opt into them, if previously disclosed to investors.
Source: Sec.gov
In simple terms, if the system is ever under duress again, Money market funds can lock in capital (meaning you can’t get your money out) for up to 10 days. If the financial system was healthy and stable, there is no reason the regulators would be implementing this kind of reform.
This is just the start of a much larger strategy of declaring War on Cash.
Indeed, we've uncovered a secret document outlining how the Fed plans to incinerate savings to force investors away from cash and into riskier assets.
We detail this paper and outline three investment strategies you can implement
right now to protect your capital from the Fed's sinister plan in our Special Report
Survive the Fed's War on Cash.
We are making 100 copies available for FREE the general public.
To lock in one of the few remaining copies…
Best Regards
Phoenix Capital Research
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Know how I know it's coming:
More and more Whites, especially middle aged, taking the bus (Baltimore burbs), even some younger Asians, but then agains the Korean population is drifting ever farther from D.C. these days. I've never seen so many Whites sitting/standing at the bus stops before. Economy must be utter shit for this to be developing.
Boats, RV's & Motorcycles, tow trailers, etc. seem to be popping up with 'For Sale call 410-xxx-xxx' signs in seemingly every half dozen driveways/lawns as you drive down the street. This happend last go around, but not on this scale. People are trying to scrape together a few spare bucks selling their big ticket items, but these sit for a long time and there may simply be NO buyers before that cash is needed in time.
More and more potholes, especially on residential side streets. That's never happened in my area before, even some of the secondary arteries are going to shit. Interstate grade seems freshly paved every year though.
1oz Silver American Eagle €13 @ EurGold
https://www.eurgold.eu/silver/american-eagle-1oz-silver-coin-1-dollar-le...
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Leech!
From: http://www.zerohedge.com/search/user_comments?username=EurGold
Post date ID AuthorTitle
09/13/2015 - 13:52 6542610 EurGold1oz Silver American Eagle €13
09/13/2015 - 12:09 6542212 EurGold1oz Silver American Eagle €13
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prolly plated tungsten
Time America impeached all 535 thieves + I CiC for treason, fraud
Let's see now...
The House of Representatives are the ones that impeach, and the Senate are the ones that are suppose to try the impeached.
Sorry, Jack. That's like expecting the criminals to impeach themselves and then conduct the trial. We all ready know how that would end up. Besides, there's plenty of dual-citizen traitors in both houses of Congress. They would accuse each other of anti-Semitism and AIPAC would end up with tens of millions of tax dollars in some kind of lawsuit settlement scheme.
The "End Game" coming into focus more and more every day........
"...Two Clear Signs That the Political/ Financial Elite Know Another Crisis is Coming..."
I unexpectedly show up in their driveway with my woodchipper?
Not sure what the second sign would be... maybe me ringing their doorbell?
Be ready for these.
http://www.wired.com/2007/06/for_years_and_y/
And yes they will be used to protect the big club.
This type technology only suggests a EMP attack to blind your adversary and level the playing field
Maybe this crisis currently trending ?
Will Future Historians call our generation the stupidest era in history for this
https://www.youtube.com/watch?v=AiXix6OEaC4
the stupid burns
Sounds like the gates of Hell. Where do they come up with this innocuous terminology
A cashless society won't work in the real America.Just like driverless cars.Cash is freedom.
No,
cash = slavery
cashless = submission
phyzz Gold, Silver = Freedom
Requiring everone to get digital processing equipment will never work. Like requiring voter ID....its racist.
Dude, everyone young is doing phone payments now. "Venmo" is widely popular. A few more years down this path and cash will be obsolete by "consumer choice."
I'm not sure that choice has much to do with it.
i just ran across another strange idea from Chase on Friday.
I needed to deposit a couple of customer checks into the account.
Went inside.
Giant line of customers and NO TELLERS waiting on them.
Said "fuck this" and went outside. Saw no cars in the drive-up, so I tooled on over to the drive-up.
Five of six lanes chained closed. One lane open with a sign in front of it:
Drive Up lane for Business Customers only. All non-business transactions must be performed inside the bank.
This is the same branch that CANNOT COUNT COINS but will accept an uncounted loose coin deposit, send it over in an armored car to another branch that will count it, and eventually credit your account several days later.
Unless you counted it yourself before handing it over, you have no idea if they are skimming it or not.
Other Chase branches in town seem to operate perfectly normally, but this one is like a cancerous bank mutant experiment that will probably spread all across the county and then the nation and the world.
Until banks are put back in their Glass-Steagall cage and forced to live off the money they make from loans, this lack of interest in bank customers is only going to worsen-- if that is even possible.
Why would anyone use a bank? Use credit unions and not one. I can go in to many, withdraw 5k and they say "have a nice day".
Get out, stop playing the game as much as possible.
On a side note, I am seeing Mediquicks being built on every corner. What is with that?
MediQuick? Is that the chain of "urgent care" clinics?
They're being built on every corner because the medical care system is collapsing. "ObamaCare" was never meant to be anything more than a temporary bailout of the healthcare finance system, giving just enough time for the financiers to fully stuff their pockets before the consequences of having priced themselves out of the reach of the vast majority of their customers finally came crashing down.
I went to an urgent care provided by my insurance company, to get a sliver pulled out from under a fingernail. They charged me $160 to tell me they couldn't do it and they could only refer to me to a hand/cosmetic surgeon who would pull the sliver in about 25 days. When I told them I'd sooner go to a Mexican clinic down the block, give them a fake name and 2 @ $100 bills, they found me a time slot the next day. The hand surgeon numbed me up, pulled out the sliver, and had me on the way in about 20 minutes. Then he sent the sliver to an oncology lab to test for cancer, billing me about $75 for that. The whole bill for a sliver under my fingernail was about $1,500. I had to pay about $600, as my $5,000 deductible policy at least knocks down the uninsured price by about 60%.
Did you follow all that? I hope not. The system is completely broken. When I was 6 years old, I got shot in the ass with a 12-ga. shotgun load of BBs. Our family GP pulled them out with tweezers and I bet it cost my dad $30 in 1972.
So since most people don't really have much wrong with them and just need a prescription or a simple First Aid procedure, you can build a MediQuick or just repurpose an old Arby's location and handle most of what's wrong with people. Then send a bill for about 15x your costs, accept payment for about 6x your costs, and off you go to set up your IPO.
One question:
What did you do to deserve getting shot in the hiney at age 6?
And you still bank at a TBTF bank why?
I had a similar chase experience. about 6 people standing in line just looking at each other, no teller? Maybe they are saving up for the derivatives about to go pooo...by cutting back teller hours.
cash will be obsolete by "consumer choice."
First they have to end Prohibition.
Ah but the elite have one fatal flaw in there thesis. Guess who survives this economic melt down. Hint: its not going to be the un-informed people that have zero physical savings and no cash on hand and use venmo. A lot of the people they intend to rule are going to perish when this collapse happens and ironically enough those of us that are aware of whats going on stand the best chances of survival. Darwinism isn't dead. It just went on hiatus for a while.
Bingo!
<<A cashless society won't work in the real America.Just like driverless cars.Cash is freedom.>>
I agree with the spirit of this but it is just sloganeering because freedom is not a guarantee.
The most you can say is that we will recognize a free society when cash is truly king. King may mean different things to different people but whether an individual is "free" or not is largely up to himself to decide. The way I see things is that we will recognize freedom when ZHers stop/forget about the pointless cash-versus-cashless argument. If you feel compelled to argue that issue, then you most assuredly aint free --- be that for reals or in your head.
To be a little more concrete, I think it is prudent to expect freedom to manifest itself in the form of not only bimetalism but an array of competing currencies. Freedom will force people to be more prudent in their commerce than ever before. Nobody will care to peddle digital currencies because it will most likely be more profitable to peddle cellphone air time.
...in the final analysis, we all end up dead anyway....
give it a fucking rest already
Seriously. Taking unallocated LBMA vaulted (en Loco London) gold as initial margin ... Doesn't mean that the counter-party will ever even get near the physical even in the event of default.
"Say, Mr Rothschild, excuse me, but I gots this here piece of paper says that over there in some vault up yonder holler, I gets me some of that thar shiny stuff."
When it collapses, it will be hard to buy dog food. It will be too expensive if it's available at all.
I love my dogs. They're going to be fed. Dogs will eat a Rothschild and beg for seconds.
.
When's the big Shemitah thing going to happen? We're *waiting*.
When they decide its time and not a minute before.
Politicians and the elites, both who count on each other to keep a nice cushy life going can never admit to any kind of implosion for fear of starting a stampede. Especially in their direction.
Thats why according to them and their MSM buds, "Everything is Awesome!"
And everything will be awesome right up until they disappear into thin air and leave everyone else holding the bag.
Does the rule clarify how long after lifting the gate another gate can be lowered?? Couldn't they just do back to back repeat 10 day gates for months at a time?
Only 1 gate within 90 days.
That;s the rule right now, but I'll guranadamntee you that when Joe Sixpack and all his buds are congregating at their financial advisor's door, and this is happening all around the country, there will be "emergency" rules put in place to keep the gates closed, "Until further notice."
Hang on to your hats, and grab your wallets with both hands,,,
;-D
Bingo!
geez
this is not good
There is more than 100 times too little collateral to back up the digital money. As Nichole Foss of the Automatic Earth puts it, it is a game of musical chairs, where there about 100 times too many people compared to remaining chairs, which means that the scrambling would become quite extreme when the music stops.
That is why, in my opinion, what the so-called financial elite are doing are primarily preparations to start much more genocidal wars, as well as impose democidal martial law, because they are aware of the magnitude of their own pyramid schemes having become wildly unbalanced.
Indeed, if one is more realistic about the basic background problems, then Phoenix Capital is presenting a relatively superficial view about the seriousness of the situation, as I recently repeated under this recent Phoenix Capital article, republished on Zero Hedge:
http://www.zerohedge.com/news/2015-09-08/2008-was-crisis…-it-was-not-crisis
2008 Was a Crisis… It Was Not THE Crisis
2008 was the preperation for the coming crisis.
Did you notice how all the positive statements coming out then were used to buoy the economy for a time.
2015 those preparations are about complete.
The level of positive statements are falling fast, print here, print there, bailins in place all waiting to happen.
NOTE THIS:-
MOST CONTRACTS IF EXTENDED HAVE A MAXIMUM 10 YEAR LENGTH OF TIME ... so compare 2008 to 2015 and in 3 years that period expires. Assume they went 2 years before 2008 at most, if it was a planned event then you might find in the next 12 months all their important contractual obligations are finished.
This. Depopulationists are revving their engines.
what i don't get is why anyone would use a money market fund, in an era of zero interest rates, instead of a demand deposit under the insured limit. if you have more money than that, own the t-bill or whatever and avoid the gated community.
at some point the tower starts to tip and the mourings will not support the load. quite the balancing act. something will put in motion the redemption of treasuries(need for collarteral) and then the millitary is all thats left to keep stability of a sort of a hell on earth...
And that's exactly what I believe will happen.
There will be chaos in the rackets the world over, but no matter what the banks, rackets (exchanges), CB's, or the world of derivatives do...
...NOTHING will become more important than maintaining social order.
And I believe you're right about martial law and the military placed in charge of keeping that order.
Once the new system of order is established (and other nations may well find the same plan is necessary within their borders), all the thorny shit regarding the financial world will begin to unwind. THAT'S going to be a long, bitter, and epic time. I have NO idea how that works out. I mean almost everyone is in hock to someone for something...
Think of it this way: it's going to play out a lot like the Japanese nuclear reactor disasters.
First, the Mad Max period (the initial crisis hits), with the preliminary 'goes ape' phase (maybe 1-2 weeks). Anyone needing or begging to be blown away will likely present themselves during this time.
Second, the military rush-in to seize major urban areas, and upon clarification via mass media, presidentially-authorized martial law ensues. Here's where you want to put the bazookas away for awhile, lest YOU are blown away.
And if you go "Johnny Reb" or "Billy Yank" at this point...you-will-be-blown-away. No soldier is gonna fuck around with you about now.
If militarily-established order is successful, you probably won't need or be able to brandish a weapon. Keep low, and follow directions during this time. This is akin to the rush of disaster containment and hazard zone layout at Fukushima.
Third, the financial mess gradually gets surveyed and the hair pulling gets underway. If there are any unused national military's running around, maybe there'll be a war over who owes what. That'll mimic the loooong "we ain't got no fucking idea how to fix this shit" (and current) head scratching time that we are in with Fukushima (and we'll be in when our shit arrives).
Maybe it all gets started next week.
How it all goes from there...
...I have no idea...yet.
m
"maybe there'll be a war over who owes what"
You mean who "owns" what ...
Md4: you have a reasonable view of the UNreasonable.
And as far as them "gates" are concerned...I'm not in ANY racket...not even a 401k. Liquidated everything.
I couldn't care what the rackets do, I'm in cash (and productive assets owned outright), and my cash is with me.
If I need to use the system for bills and such, I make a deposit for that amount only. I couldn't care if I make a hundred trips to the bank to do this before it all goes supernova; it's worth it.
I paid attention to Cyprus and Greece; I'll be damned if I see it a third time by being a victim of it myself...
m