Lindsey Williams Urgent Update: Derivatives Market Collapsing & JP Morgan

[Serpo]

http://www.youtube.com/watch?v=M3WEDsqUo7o&feature=relmfuhttp://www.youtube.com/watch?v=M3WEDsqUo7o&feature=relmfu
http://www.youtube.com/watch?v=fJxRn1rmwUc&feature=relmfuhttp://www.youtube.com/watch?v=fJxRn1rmwUc&feature=relmfu



http://geraldcelentechannel.blogspot.com.au/

[Gaillo]

Synopsis?

[chad]

Synopsis?

buy my dvd, i beg of you.

[Serpo]

Synopsis?


Its not long and about derivative market and how much the banks owe.Saying the 2 billion JPM thing is a message because a 2 billion loss is never reported normally.

[JJ.G0ldD0t]

re: derivatives...

I always knew that there was more money (digits) tied up in these things than there is actual "money" in the world... but I heard recently - I think on Kingworld - that they are talking a QUADRILLION now - used to be like 700TRILLION.

insane

[Silver Rocket Bitches!]

What I find interesting about the whole JPM thing is they (the MSM) keep reporting their $2-3 billion loss as a "trading blunder." That is repeated over and over again but they never say what the "blunder" was yet anyone who does even a little bit of research can easily find that it was related to their OTC derivatives.

[DMac]

What I find interesting about the whole JPM thing is they (the MSM) keep reporting their $2-3 billion loss as a "trading blunder." That is repeated over and over again but they never say what the "blunder" was yet anyone who does even a little bit of research can easily find that it was related to their OTC derivatives.

The blunder was being involved in CDSs in the first place.

Maroons....

[Serpo]

What I find interesting about the whole JPM thing is they (the MSM) keep reporting their $2-3 billion loss as a "trading blunder." That is repeated over and over again but they never say what the "blunder" was yet anyone who does even a little bit of research can easily find that it was related to their OTC derivatives.

Unless it is a message that the big D market is about to crack up soon.............would be messy, still its only a QUAD TRILLION

[ximmy]

Lloyds chairman agrees with Lindsay... but uses other words...

Chairman Win Bischoff said the $2 billion trading loss suffered by JPMorgan Chase & Co. (JPM) could happen to any bank.
“If it can happen to JPMorgan, which has such a good risk culture, then it could happen anywhere,” Bischoff said today on the sidelines of the bank’s annual general meeting in Edinburgh.
JPMorgan reported the loss related to derivatives trading last week after an “egregious” failure in a unit managing risks. Bischoff said Lloyds had investigated its own operations and was satisfied with the safeguards at the lender.
“We have looked at all the things we are doing that might have linkages to some of those financing structures,” Bischoff said. “We simply haven’t found anything.”
Chief Executive Officer Antonio Horta-Osorio, 48, is seeking to strengthen London-based Lloyds’s balance sheet by selling assets, cutting costs and bolstering its capital strength. Lloyds, which cut more than 30,000 jobs since its 20 billion-pound ($31.7 billion) taxpayer rescue in 2008, said this month it will shrink assets further and faster than forecast as Britain’s biggest mortgage lender reduces its reliance on short- term funding.

Everything is fine folks... carry on... LOL...

[Spectrism]

What I find interesting about the whole JPM thing is they (the MSM) keep reporting their $2-3 billion loss as a "trading blunder." That is repeated over and over again but they never say what the "blunder" was yet anyone who does even a little bit of research can easily find that it was related to their OTC derivatives.

Yes! That has been stickin in my craw too. Your words resonate with me. The billion of two or three sounds like chump change. And they don't expose to the public what this means. I saw the talking heads assuring people that the Greece and Euro thing is isolated with "firewalls".

[Spectrism]

my short notes-



Friend told him to watch 4 things;

1. Derivatives -American taxpayer is exposed to $292trillion in derivatives because of these banks.
2. currency wars
3. trade wars
4. final break in camel's back is federal reserve announcing interest rate rises

So far we have only seen the tip of the iceberg.

At any moment we could hear that banks are closed and when they open you are limited in withdrawal amounts.


This is to bring about the new world order and the collapse is necessary for that to happen.

Secure your assets. Get out of paper. Get into tangibles.
The derivative market POSITIVELY will collapse and you must be out of paper before then.

Get your spiritual house in order. This is much more important than the financial disaster. Know that Jesus Christ is your savior.

[Serpo]

Yes! That has been stickin in my craw too. Your words resonate with me. The billion of two or three sounds like chump change. And they don't expose to the public what this means. I saw the talking heads assuring people that the Greece and Euro thing is isolated with "firewalls".

Firewalls made of straw...........

[Serpo]

http://www.youtube.com/watch?v=rImQ6j_KApQ&feature=relmfuhttp://www.youtube.com/watch?v=rImQ6j_KApQ&feature=relmfu

[mick silver]

this has been going on for a few years , thats what the bailout was for . to help keep them running a little longer

[ximmy]

this has been going on for a few years , thats what the bailout was for . to help keep them running a little longer

Uncle Ben stands ready...

Federal Reserve members ready to step up support for US economy

Federal Reserve policymakers said on Wednesday that they were open to further efforts to stimulate the US economy if growth falters or threats escalate.


At a news conference after April's meeting, Mr Bernanke left open the possibility of further Fed action to stimulate the economy. Private economists generally say another round of Fed bond buying isn't likely unless the economic outlook darkens considerably.
Mr Bernanke said at his news conference that more bond purchases, or other steps by the Fed, were still an option if the economy weakens. He declared that "those tools remain very much on the table."



http://www.telegraph.co.uk/finance/financialcrisis/9271389/Federal-Reserve-members-ready-to-step-up-support-for-US-economy.html

[Horn]

Uncle Ben stands ready...

Until he goes to logon to his network one day, and his username's been removed.

[Hatha Sunahara]

I think the real collapse will happen when everyone can see what a humongous fraud the whole banking system and the government and all the corporations are. That might be triggered off by limiting peoples' access to 'their own' money. This is like telling everybody to 'get your money out of the banks, pronto.' Causing a run on the banks. But you cannot have a run on the banks any more, because most of the money is digital, and they can make more of it without limit. So why would they limit your access to your money? Is that in lieu of voluntary austerity? Or is it to prevent the people from showing their loss of confidence in the system by withdrawing all their money out of all the banks in unison, and thereby exposing this fractional reserve at interest fraud in living technicolor? Restricting your access to your money is a population control measure--not an economic or financial necessity.

Smart people like us here at GSUS have already figured this out and 'disintermediated' our assets ahead of the herd, and we are all hoping that our foresight will make us wealthy and wise, and able to tell everyone "See, I told ya.". We all think, with the possible exception of the atheists among us, that god is on our side. And so is gold. And silver.

I think Lindsey Williams is a tool of the elite. He is somebody that people will listen to. The money power looks for those kinds of people and cultivates them, and helps them. All they have to do is get people to listen to what the money power want them to hear. LW has an audience and an agenda for that audience. Keep them in fear so they can't think straight. And have them pay for it by buying your DVDs. Does LW appeal to people who can think for themselves? Or does he make people think they are thinking for themselves? And why does the money power not muzzle him if he is leaking their secrets? Just another herd dog from the money power.


Hatha

[Book]

I think the real collapse will happen when everyone can see what a humongous fraud the whole banking system and the government and all the corporations are.



http://upload.al-wed.com/uploader/upload2009//90209/11262458130.jpg

They refuse to see it UNTIL the collapse has actually happened.

[willie pete]

http://upload.al-wed.com/uploader/upload2009//90209/11262458130.jpg

They refuse to see it UNTIL the collapse has actually happened.

hope they have flood insurance....lol

[Uncle Salty]

And why does the money power not muzzle him if he is leaking their secrets? Just another herd dog from the money power.


Hatha

Supposedly the Satanists feel okay about fucking over humanity as long as they tell humanity what they are going to do. So, by leaking info to LW so he can tell us, they are washing their hands of blood and guilt. I know, it's weird, but that's what some say.

[JohnQPublic]

Maybe its time to dust off www.DerivativesCollapse.com

[beefsteak]

hope they have flood insurance....lol

First thing I thought of is "who has the remote"........

[Serpo]

I think the real collapse will happen when everyone can see what a humongous fraud the whole banking system and the government and all the corporations are. That might be triggered off by limiting peoples' access to 'their own' money. This is like telling everybody to 'get your money out of the banks, pronto.' Causing a run on the banks. But you cannot have a run on the banks any more, because most of the money is digital, and they can make more of it without limit. So why would they limit your access to your money? Is that in lieu of voluntary austerity? Or is it to prevent the people from showing their loss of confidence in the system by withdrawing all their money out of all the banks in unison, and thereby exposing this fractional reserve at interest fraud in living technicolor? Restricting your access to your money is a population control measure--not an economic or financial necessity.

Smart people like us here at GSUS have already figured this out and 'disintermediated' our assets ahead of the herd, and we are all hoping that our foresight will make us wealthy and wise, and able to tell everyone "See, I told ya.". We all think, with the possible exception of the atheists among us, that god is on our side. And so is gold. And silver.

I think Lindsey Williams is a tool of the elite. He is somebody that people will listen to. The money power looks for those kinds of people and cultivates them, and helps them. All they have to do is get people to listen to what the money power want them to hear. LW has an audience and an agenda for that audience. Keep them in fear so they can't think straight. And have them pay for it by buying your DVDs. Does LW appeal to people who can think for themselves? Or does he make people think they are thinking for themselves? And why does the money power not muzzle him if he is leaking their secrets? Just another herd dog from the money power.


Hatha

They have only printed 6% of the money supply ,the rest is digital, a run on the banks means they run out of cash money as they wont be able to print it fast enough.

[beefsteak]

What I find interesting about the whole JPM thing is they (the MSM) keep reporting their $2-3 billion loss as a "trading blunder." That is repeated over and over again but they never say what the "blunder" was yet anyone who does even a little bit of research can easily find that it was related to their OTC derivatives.
SRB,

More on your succinct summation:

So How Are JPM's Prop "Counterparties" Faring? (http://www.zerohedge.com/news/so-how-are-jpms-prop-counterparties-faring)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/17/2012 - 20:49

We already know that JPM has lost billions on its prop trade, and as suggested earlier (http://www.zerohedge.com/news/its-not-over-yet-jpm)(and as the FT picked up subsequently (http://www.ft.com/intl/cms/s/0/8ef035de-a043-11e1-88e6-00144feabdc0.html#axzz1uqI2OX8O)), JPM's prop desk (not to mention its actual standalone hedge fund, $29 billion Highbridge (https://www.highbridge.com/web/guest/overview), which nobody has oddly enough discussed in the mainstream press yet) is so large that unwinding the full trade, as well as all other positions held by the CIO, would be unwieldy, allowing us to mock "the fun of negative convexity - especially when you ARE the market and there is no-one to unwind the actual tranches to."



The FT then phrased (http://www.ft.com/intl/cms/s/0/8ef035de-a043-11e1-88e6-00144feabdc0.html#axzz1uqI2OX8O)it as follows: "I can’t see how they could unwind these positions because no one can replace them in terms of size. It’s a bit of the same problem they face with the derivatives trade," said a credit trader at a rival bank. "They pretty much are the market." Which actually is funny, because if the media were to actually read a paper or two on how the market works, and puts two and two together, it just may figure out that the biggest beneficial counterparty for JPM is none other than the Fed, using the conduits of the Tri-Party repo system.

But that is for Long-Term Capital MorganTM and its new CIO head Matt "LTCM" Zames (http://www.zerohedge.com/news/jpm-retires-ina-drew-appoints-chairman-treasury-borrowing-advisory-committee-cio-head)to worry about.

In the meantime, a question nobody has asked is how have the purported JPM counterparties-- the most public of which are BlueMountain and BlueCrest (http://blogs.wsj.com/deals/2012/05/11/hedge-funds-profit-as-j-p-morgan-sees-losses/)who "leaked the trade" to the press in the first place, and are allegedly on the other side of the IG9 blow up --been doing.

Well, according to the latest HSBC hedge fund update looking at the week ended May 11, not that hot.

(MORE by clicking headline above)
===========

Translation:
Currently already northward of $3Billion loss this early in the "reveal," it will take a long time--if ever-- to get these ugly losses shifted to the Federal Reserve, further tanking the US$--yes the self-same FR who is already QE'ing and LTRO'ing vis Credit Swaps, the rest of the globe.

Oh, the stench!


beefsteak

[Horn]

But you cannot have a run on the banks any more, because most of the money is digital, and they can make more of it without limit. So why would they limit your access to your money?

Imagine if they at least were required to print the actual bills (for a fee), that might hold the fiat down to certain finite resources, manufacturing and storage.

Of course by now $100,000 bills would be as common as the 100s and we'd all be "richer" :)

I know this idea is about as good as my idea for satellite disposal.

[beefsteak]

Maybe its time to dust off www.DerivativesCollapse.com (http://www.DerivativesCollapse.com)


bump