Global Shockwaves To Come From Swiss Currency Bombshell - Mike Maloney

[Serpo]

https://www.youtube.com/watch?x-yt-cl=84359240&v=BnRX4LOORkQ&x-yt-ts=1421782837#t=30http://investmentwatchblog.com/global-shockwaves-to-come-from-swiss-currency-bombshell-mike-maloney/

[Twisted Titan]

This was a EXCELLENT video presentation and should be required veiwing

It shows through charts,graphs and articles the magnitude of what a curreny de peg means and how that desicion will affect us for years

I was astounded at how the Thai Bhat was genisis of why LTCM failed.

And he makes a brilliant point that the collapse has been slow but at some point it will reverse and the dominoes will fall quickly.

This was DEFINATELY a black swan.

[old steel]

Bank of Canada did a surprise quarter point rate cut overnight.

Stocks to the moon! However our dollar dropped more than a full point and is now just over the 80 cent US dollar mark.

Not going to be buying any American goods for awhile here, probably a very long while.

[Hatha Sunahara]

He briefly touched on the peg of the Chinese Yuan to the dollar. That may be in danger. I'm trying to imagine what would happen if the Chinese abandoned their peg on the dollar. I know that the value of the Yuan would go up instantly, so there would be money to be made by buying Yuan before the event. It would also be good to stock up on Chinese stuff that is now cheap (all of it) before it starts getting really expensive. I'm sure if you are prepared for such an event you can 'make out like a bandit'.


Hatha

[Serpo]

This was a EXCELLENT video presentation and should be required veiwing

It shows through charts,graphs and articles the magnitude of what a curreny de peg means and how that desicion will affect us for years

I was astounded at how the Thai Bhat was genisis of why LTCM failed.

And he makes a brilliant point that the collapse has been slow but at some point it will reverse and the dominoes will fall quickly.

This was DEFINATELY a black swan.

And the thai baht was only small fry compared to the swiss franc.

[Serpo]

Bank of Canada did a surprise quarter point rate cut overnight.

Stocks to the moon! However our dollar dropped more than a full point and is now just over the 80 cent US dollar mark.

Not going to be buying any American goods for awhile here, probably a very long while.

So they are still making stuff.....

[Horn]

Not going to be buying any American goods for awhile here, probably a very long while.

Would it matter if the entire city of Ontario stopped buying U.S. goods,

when your government needs to maintain a single F-18?

[old steel]

Would it matter if the entire city of Ontario stopped buying U.S. goods,

when your government needs to maintain a single F-18?


Our F-18 is currently over in Iraq fighting the war on terror against CIA/Mossad created terrorist types.

Should help Canucks to sleep at night.

[Twisted Titan]

And the thai baht was only small fry compared to the swiss franc.

He makes mention that the Bhat was 32nd currency that is traded and it collapsed LTCM

The swiss franc is the 6ixth most traded currency on the planet.

[old steel]

One of the macroeconomic observations that has gotten absolutely no mention in recent months is the curious fact that while global economic growth has not imploded in recent quarters, it is because GDP has been represented, as is customary, in local currency terms. Of course, this comes as a time when local currencies (at least those which are not the USD) have been plunging against the greenback on the back of the expectations that the Fed will hike rates some time in the summer or later in 2015. Which also means that in "dollar economy" terms, i.e., converted in USD, things are not nearly as good.

In fact, as the chart below shows, the global dollar economy is not only shrinking fast, but it is doing so at the fastest pace since the Lehman collapse, having shrunk by $4 trillion, or a whopping 5%, in just the last 6 months...


http://www.zerohedge.com/news/2015-01-20/deflationary-vortex-global-dollar-economy-suffers-biggest-plunge-lehman-down-4-trill

[Horn]

I'm sure if you are prepared for such an event you can 'make out like a bandit'.


Hatha

London's always got first dibs on that position for reasons...

http://blogs.wsj.com/moneybeat/2014/01/08/bank-of-china-chooses-london-to-sell-yuan-denominated-bonds/

[Horn]

In fact, as the chart below shows, the global dollar economy is not only shrinking fast, but it is doing so at the fastest pace since the Lehman collapse, having shrunk by $4 trillion, or a whopping 5%, in just the last 6 months...


They'll call that a consolidation phase.

Honestly some days it looks like the only way to save the world of fiat currency is for all nations to surrender theirs and trade only U.S. dollars on their streets.

[old steel]

Newest Dominoes to Fall from the Swiss Franc Revaluation

A short list of just a few of those FX players(that we know of) are:

Interactive Brokers- Loss: $120 million

Alpari UK- Loss: $225 million

Barclays- Loss: “tens of millions” of dollars

Citigroup Inc.- Loss: $150 to 200 million

Deutsche Bank AG- Loss: $150 million

FXCM Inc.- Loss: (at least $300 million: the size of the bailout they received)

Comac Capital LLP- Loss:(unknown but severe)

Discover Capital Management LLC- Loss:(unknown but severe)

Credit Suisse Group AG- Loss:(unknown but severe)

Saxo Bank- Loss:(unknown but severe)

Everest Capital’s Global Fund- Loss: (“almost all” of its $830 million in assets)


http://sgtreport.com/2015/01/the-newest-dominoes-to-fall-from-the-swiss-franc-revaluation/

[Serpo]

Its very heart breaking to see these big banks lose so much money..............................