Mamboni and other perspicacious GS-US'ers,

The last link below is a difficult read, but please find a quiet uninterrupted 25 minutes and read for comprehension.

It TRULY is different this time. And from this point forward.

NEVER in the history of debt instruments has one Central Bank put primarily another central bank (Bundesbank) and all other CBs SIMULTANEOUSLY into the cross hairs of a chessboard checkmate via Sovereign Subordination.

But it has been done this morning; trumpeted ala Bill Gross--posted courtesy of Tyler Durden.

Superlatives fail. ALL that is left is "sound and fury...." that and transitory precious metals holdings as the system faces reset.

All Sinclair could do this morning was re-iterate "please listen to the audio re: 5 US banks now being in default" posted on 1.30.2012 w/Ellis Martin. He's in bed with these guys, and is German by bloodline. No wonder he was furiously pacing and pontificating these last 72 hours.

Recognizing JES was furiously writing and warning of something major for the last 72 hours, we NOW have the why and the WHAT!

This isn't broken, it is shattered, trifurcated, and ALL SOVEREIGN game over.

Considering Jim Simon wrote this erudite piece PRIOR to this weekend is in itself, simply amazing.

Pimco's Gross ceremonially blows Shofar (שופר)

"Bill Gross Gets It"
Submitted by Tyler Durden on
02/19/2012 10:33AM EST -0500

The bond king [Bill Gross-USA] just tweeted:

Gross: #ECB subordinates all #Greek debt holders
& in so doing subordinates all holders of [all] Euroland sovereign debt. {{red emphasis=mine}}
He gets it. For those who don't, [link below] is an explanation.

http://www.zerohedge.com/news/subord...-default-world
beefsteak