Financiële Crisis in Europa

[skyscraper]

tegenwoordig moet je het al zoeken tussen de 'faits divers':
http://www.zita.be/business/nieuws/1699 ... edden.html

dat het louter om een lening gaat vond ik vroeger ironisch, tegenwoordig vind ik het buitengewoon sarcastisch dat men het nog durft te vermelden!

intussen de Belgische rente terug relatief laag, hoera? what happened?
niets natuurlijk, gewoon de banken die er de middelmatige landen eruitpikken om wat te verdienen met het geld van de ECB.
perceptie, daar draait het om. de realiteit doet er niet toe.

al lijken de USA ons nu in te halen voor wat betreft de begrotingsschuld:
http://www.zerohedge.com/news/us-debt-g ... nal-stages
als ze daar na de verkiezingen ook gaan voor austeriteit staat ons nog iets te wachten.

[Obi-Wan]

Een interessant gegeven... er zou na de uitputting van het Libische goud nu "OLD GOLD" (=If they have been untouched for so long, they are governed by a different set of rules than the gold that has been apportioned for public official use in the last couple decades) op duiken om de illusie hoog te houden.

In tegenstelling tot Urbanus veel troukare en nog meer foefelare...




Jim Willie (http://www.goldenjackass.com)

Oil and Gold



THE CRUDE OIL PRICE IS THE LOUDEST SIGNAL IN OUR MIDST OF AN IMPORTANT MOVE UP IN COMMODITIES. THE FINANCIAL COMMODITY (ALSO KNOWN AS MONEY) IS GOLD, WHICH WILL RISE WITH CRUDE OIL. THE ENTIRE WORLD IS HEDGING AGAINST THE USDOLLAR AND THE WESTERN BANKING SYSTEM WITH CRUDE OIL. IT HAS BUILT STRONG SUPPORT AT 100.



INDIA HAS AGREED TO USE GOLD BULLION IN IRANIAN OIL PAYMENTS. THE DEATH OF THE PETRO-DOLLAR IS A PROCESS WELL ALONG. MY BEST GOLD SOURCE HAS CONFIRMED THE INDIAN PAYMENT PLAN AS A DONE DEAL. THE IRAN SANCTIONS COULD NOT HAVE SUFFERED A BIGGER AND MORE CRUCIAL BACKFIRE. BY PUSHING IRAN, THE USGOVT BROUGHT ABOUT A UNION OF EASTERN PLAYERS. THEY WILL NEXT OPPOSE THEN DEPOSE THE USDOLLAR.



DEBKA is not a source widely regarded as reliable. But in this case, they broke a critically important and very crucial story. A major crack has formed in the Petro-Dollar, the defacto standard where crude oil is paid in USDollar terms, which dictates many standard banking practices like setting up reserves systems based in USTreasury Bonds. The standard is breaking slowly but surely. The consequences will change the world. This has been a steady Hat Trick Letter topic for at least four years. The climax is approaching. India has become the first buyer of Iranian oil to agree to pay for its purchases in Gold instead of the USDollar, according to DEBKAfile intelligence and Iranian sources on an exclusive basis. The same sources expect China to follow suit and pay for crude oil with Gold. India and China receive about one million barrels per day, or 40% of total Iranian exports of 2.5 million barrels per day. Both are superpowers in terms of gold assets. By settling the trade in gold terms, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets by the USGovt, together with the oil embargo imposed by the European Union foreign ministers (January 23rd). The EU currently buys around 20% of Iran's oil exports. The high volumes involved in these transactions should boost the price of Gold and depress the value of the USDollar on world markets. Furthermore, the process will extend the crack in the Petro-Dollar standard that has stood firm since the 1970 decade.



China is the biggest customer of Iran's oil. However, India purchases around $12 billion of Iranian crude oil per year, equal to 12% of its consumption. DEBKA reports that Delhi plans to execute the transactions through two state owned banks, the Calcutta-based UCO Bank, with central bank connections, and the Halk Bankasi (Peoples Bank) of Turkey, with government ownership affiliation. Previously the plan was to complete settlement in Yen and Rupee currencies. The switch to gold was kept dark and quiet. In doing so, India has joined China in opting out of the US-led European sanctions against Iran. Turkey announced publicly that it would not adhere to any sanctions against Iran's nuclear program unless they were imposed by the United Nations Security Council. The EU decision imposed an immediate ban on new oil contracts with Iran, while phasing out existing transactions by July 2012. At that time, the European embargo will become total. The European foreign ministers also approved a freeze on the assets of the Central Bank of Iran, which handles all the country's oil transactions. Damage to Iran and its economy is clear and visible. Yet the damage to the Petro-Dollar could be far more significant. In addition, Tehran has set up alternative financial mechanisms with China and Russia for making payments for its oil in currencies other than USDollars. Both Beijing and Moscow are keeping the workings of those mechanisms top secret. See the RT News article (C LICK HERE). Other trade by Iran features barter of crude oil for Australian wheat. Expect more such high level deals.



The United States and Europe, if not England as well, continue to masquerade as though solvent and still potent. They are neither. Asia has awakened to the crumbling foundations in the West. The entire USDollar reserve status is being hollowed out by insolvency, fraud, and abandonment. The bilateral agreements to avoid US$ settlement are growing. They include China and Japan, China and Russia, China and Iran, India and Japan, Iran and Russia, finally India and Iran. Expect South Korea to climb aboard when it seems safer to do so. The American and British observers who dismiss such important developments and carry on are doing so recklessly and irresponsibly, clinging to illusions. The Western power center is fashioned much by the Petro-Dollar. The consequent victim will be the USTreasury Bond, no longer required and deemed essential in the Eastern financial structure as a reserve in need. The USGovt pushed Iran into a corner, from which it found partners and allies, not exactly friends.

The Iranian sanctions have backfired in magnificent fashion, making worse the cracks in the Petro-Dollar. The next big victim will be the USDollar itself. Its main supporter is the USFed, isolated increasingly on the world stage, backed into a corner of its own making, stuck at the deeply damaging 0% rate, left to operate a vast Printing Press machinery to spin out phony money with US$ markings. The hyper monetary inflation engines will move to the next higher gear, all in time. The destruction will be vast, but out of control price inflation will NOT be the outcome. That is a major error committed by analysts and investors in the gold community. The constant 0% rates enforced by almost all major central banks is systematically destroying the complex economic framework and structural integrity, killing capital slowly. Jobs will continue to be hard to find and easy to lose. The absent wages will ensure no rising prices. The shuttered businesses will result in liquidations and lower prices in numerous product classes.



Silver



THE CHICAGO MERCANTILE EXCHANGE CUT MARGIN REQUIREMENTS FOR SILVER. WITH SUCCESS IN DEEP DAMAGE FROM THE MFGLOBAL THEFT, THE COAST WAS CLEAR TO REDUCE MARGINS. THIS IS NOT NECESSARILY A BULLISH SIGNAL, MORE LIKE A BOAST IN DEFEAT OF PRIVATE INVESTORS. HOWEVER, THE C.M.E. SUFFERS FROM EMPTY STALLS AS RISK MANAGERS AND SPECULATORS CLEARED OUT. EXCHANGE OFFICIALS WISH TO ATTRACT THEM BACK. GIVEN THE GUTTING AND PILLAGE OF PRIVATE ACCOUNTS, NOT GONNA HAPPEN.

The thoroughly corrupted and smeared CME slashed its initial and maintenance margins for Gold & Silver futures contracts in early February. Some analysts correctly view the move as an obvious sign that the CME suffers from a massive exodus of investors in the wake of the CME stonewall. The exchange refused to restore MFGlobal client's accounts that were pilfered and stolen. MFG, JPM, and CME are all thick as thieves working in criminal collusion. The effects of the sequence of manipulative margin hikes last May have also run their course, precious metals price pushed down despite slowing volume at the time. The smeared CME is attempting to attract speculative traders back into the paper discover market by slashing margins. The CME has just announced initial and maintenance margin 13% cuts for silver, and 12% for gold, platinum, and copper. The silver maintenance margin was reduced to $16,000 and margin for gold to $7500. See the Silver Doctors article (CLICK HERE).

A victory is on the wall by the gold cartel, and a victory is on the wall for the honest money investors. The gold cartel has successfully pushed Gold far below the $1900 peak, and pushed Silver far below the $50 peak. They have taken much enthusiasm out, the animal spirits blown away. The CME margin hikes in a barrage last spring crushed the mining stocks too. Much damage has been done. Conversely, the MFGlobal consequences are severe, possibly fatally damaging to the COMEX. Time will tell to what extent the legitimate risk managers like farmers and ranches and exporters will vacate the COMEX. Numerous scattered risk managers have ordered clients to avoid the COMEX due to pilfered accounts and the illegal aftermath. The compliance departments forbid further activity in the corrupt exchange. Refer again to the declaration that the bankruptcy process treated MFGlobal as a financial firm failure and not a brokerage house failure. The client funds should have been treated as top priority instead of the bottom priority. Status during bankruptcy proceedings is critical. It was done illegally and might be challenged.

NEGATIVE SILVER LEASE RATES ARE PART OF A VAST CHARADE OPENING THE NEXT ROUND. NO BIG SILVER SUPPLY EXISTS ANYMORE. THE WINDOW DRESSING CONTINUES IN A BANK FRAUD SCHEME. WHAT LITTLE SILVER AVAILABLE CAN BE LEASED AT VERY ATTRACTIVE RATES, LIKE ABOUT MINUS 0.30% ON A ONE-MONTH LEASE. WHAT CRAZY POLICY TO SUPPORT THE SUPPRESSION GAME, MAKING IT EASY TO BORROW TO DUMP. THE NEXT CHALLENGE FOR THE CARTEL IS RUNNING OUT OF BULLION TO LEASE AT ALL.

The short-term Silver lease rates returned to negative ground in February. With the successful theft of MFGlobal accounts, and the scaring off investor demand in December, conditions went back to normal in pursuit of Silver bullion bars. Typically a financially distressed institution can find giveaway rates to access physical Silver, only to dump it on the market. In the first week of February, the Silver lease plunged for the 1-month and 2-month rates into negative ground. The 1-month silver lease rate has gone below -0.3%, and the 2-month rate has gone below -0.2% as rates seek the mid-September and early December lows. Notice that the important Silver price declines happening exactly at those times of negative lease rates. To be a bullion bank able to borrow Silver in volume, with good reputation and relationship, the lender will pay out over 0.3% for the privilege of delivering the unwanted physical to other hot hands wishing to sell and dump it on the market. How incredibly corrupt! In the recent couple weeks, the intention of the cartel has been to prevent a move over the $34 and $35 price in Silver, to cap the market. They do so by dumping massive quantities. Notice also that the CME lowered margin requirements to draw in investors, while out the back loading dock; they turned the lease rates negative to encourage dumping in opposition. The criminality is much more in the open in the past year.



A veteran gold trader source pitched in a brief comment, to instill some reality. He claims the supply line is dry. He stressed the Libyan gold deliveries to handle some heightened demand in the past couple months, which is largely depleted. He wrote, "There is no Silver (Ag). Like the allocated Gold (Au) the banks have sold bullion to the tune of 60 thousand metric tonnes. The precious metal has been swapped for certificates. Once the wheels come off and the physical demand expands further and delivery time is strained, the brown stuff will hit the fan big time. It is all an incredible window dressing in the midst of a fraud scheme that is perpetrated by the central banks and the commercial banks. By the way, the cartel banks just increased their shorts by 71 million ounces in past three weeks. What a corrupt game they play!" The Gold lease rates are similarly negative for the 1-month and 2-month arrangements.



THE SPROTT SILVER TRUST HAS HAD AN EFFECT IN PREMIUM VALUE. LITTLE KNOWN, FIRST MAJESTIC HAS BOUGHT A STAKE IN THE TRUST (PSLV). THE TREND OF STORING CASH BY MINERS IN SILVER FORM HAS BEGUN. IN DIRECT OPPOSITION, REPORTS SWIRL THAT JPMORGAN HEDGES WITH THE SPROTT FUND, HELPING TO DRIVE UP THE PREMIUM.

Straight from the First Majestic offices came confirmation that the mining firm has taken part in the PSLV. Sprott placed CAD $349 million in the recent finance deal, being the only silver miner to do so. First Majestic placed Canadian $10 million of the financing. Apparently Eric Sprott's message to the silver miners of holding excess cash in silver taking shape. Regard another nail on the coffin for COMEX as miners seek to end the manipulation, turning away from artificially low prices for their precious metal in the exchange. Together the rise of the Sprott Funds and the gutting of the GLD & SLV funds will hasten the demise of the COMEX. The action taken by First Majestic will embolden other mining firms to follow suit, and enter the Sprott vehicles in order to form a united front against the corrupt COMEX. See the Implode Explode article (CLICK HERE).

A contact David A in California engaged in a personal conversation with John Embry of the Sprott Asset Mgmt. staff. Embry confirmed that JPMorgan is using SLV to short silver, attempting to raid the silver bar supply out the back door. JPMorgan also uses the Sprott Silver Trust to hedge against their short positions. The JPM folks must believe they can tap the SLV for easy silver metal, and snarl the Sprott PSLV by driving up its premium. David wrote, "I just returned from the trip to Newport Beach.. John told me that JPMorgan is using SLV to short silver. They are also buying PSLV Sprott shares, hedging against their own short silver positions, driving up the share premium. I mentioned how 25 million was not enough to manipulate the price, and he said they are doing it through other measures as well. He just does not know which ones. Then Bill Murphy of GATA chimed in saying, 'WE HAVE NO REAL IDEA HOW THEY ARE DOING IT.' So not much of an answer, but in the end they cannot keep this up forever. It is hard to see how dumping another 100 million ounces of paper on the silver market does anything other than cause more contracts who can stand for delivery of silver that we all believe they just do not have."

My belief comes from all the different sources reporting on SLV fund abuse, from Harvey Organ to the Silver Doctor to Brother John to GATA to Rob Kirby and Max Keiser. The monolith criminal bank factory JPMorgan is using some kind of leverage from SLV metal taken from inventory and COMEX futures for the leverage. They are arbitraging the metal locations, using COMEX leverage and SLV inventory from shorted sales. Remember back in May, the volume of SLV shorted on a single day equaled its entire outstanding float. That stinks of leverage. COMEX is where such leverage is wielded. The crime scene details are hard to obtain, not my bailiwick.

GAMES WITH GOLD ARBITRAGE AGAINST SILVER ARE BEING PLAYED. SOME NATIONS LIKE RUSSIA MIGHT BE USING THE HIGH GOLD/SILVER RATIO TO THEIR ADVANTAGE IN ACCUMULATING SILVER BULLION. COMING TO THE TABLE IS VERY OLD GOLD BARS. PRESSURE HAS COME TO BRING FORTH GOLD BARS SO OLD, LIKE A CENTURY OLD, THAT ABIDE BY DIFFERENT RULES.

A great deal of discussion routinely comes concerning the source of Gold bullion and Silver bullion to relieve the heavy demand pressures. The naked shorting by the big Wall Street and London banks, even Swiss banks, possibly does not fully explain the price equilibrium process, as corrupt as it might be. Some of the gaps are explained by arbitrage in place between Gold and Silver that takes advantage of the lost ratio. The heavier gold tilt in the ratio gives steep favor to the accumulating silver in recent years. Rob Kirby added some light on the subject. He said, "I have long suspected that Swaps of physical gold are being done between countries that have gold and those that have silver. The West, who by and large controls the pricing mechanism of both metals, has kept the price of silver cheap relative to gold, in a high Gold/Silver Ratio, so they can maximize the amount of silver they receive in exchange for gold which they have had. I suspect China is opening new metals exchanges much to do with narrowing this spread. Historically, the West has played strategic monetary games with China involving the two metals." He means apart from the opium games played upon China by the British a century ago. A veteran gold trader source confirmed this point. He said, "No one seems to factor Russia into any equation. The Russians hold an order of magnitude more Au and Ag then most analysts and experts can imagine."

Aaron Krowne added a brilliant point, rarely considered, that brings some valid light on cobwebs from decades ago when the power centers were very different. He commented on Old Gold abiding by different rules from older forces at work in another era altogether. He wrote, "The answer may be simple: The Powers That Be do not have access to the Deep Buried stashes of gold, assuming they exist. If they have been untouched for so long, they are governed by a different set of rules than the gold that has been apportioned for public official use in the last couple decades." Excellent point. The shortage of Gold is so acute that very old gold is being pressured to come forth and surface. It is governed by old rules, old players, and old dynamics, much more stern in enforcement. The veteran gold trader confirmed this comment's validity also, calling Aaron's argument brilliant. Krowne met the Jackass in Vancouver at a Cambridge House Conference in June 2008. He has been a great team player and occasional contributor to analysis since, having extended far beyond his original Mortgage Lender Implode roots.



DOMESTIC SILVER PRODUCTION IS DOWN HARD WHILE SILVER EAGLE COIN DEMAND IS UP BIG. THE ANNUAL SILVER DEFICIT IS BIG AND GROWING WITHIN THE UNITED STATES. THE COUNTRY IS ONLY ONE OF SEVERAL IMPORTANT MARKETS THAT DEMANDS SILVER. BEAR IN MIND THAT SILVER DEMAND COMES FROM MORE DIVERSE POCKETS OF INDUSTRY THAN ANY OTHER METAL IN EXISTENCE.

Data is available through October 2011. The United States produced 923,000 kilograms (923 metric tonnes) of silver from all sources. The current total US silver production declined 15% compared to the first ten months of 2010. The US is on track to produce an estimated 35 million ounces of silver this calendar year. Compare the output to the approximate 40 million ounces of American Silver Eagle sold for 2011. The US is in deficit, even without considering silver demand beyond coins.

[Indiana Jones]

toch wel handig om te weten wanneer Griekenland nu echt in default gezet wordt. Moody's ; S&P en Fitch hanteren daar andere waarden voor en hebben ook nog eens een afwijkende waarde voor Lange termijn- en Korte termijn vooruitzichten.

Als Griekenland namelijk ECHT in default komt, moeten de Credit Default Swaps (CDS) gaan uitkeren en zijn de rapen voor Goldman Sachs c.s. gaar. Geen ISDA kan er dan nog wat aan veranderen.

Zoals je in bijgaand schema kunt zien, is het nog niet zover en komen de 'too big to fail' er nog mee weg. Gezien hun macht over de credit rating agencies, denk ik dan ook niet dat ze het zover laten komen, want ze tekenen daarmee hun eigen doodvonnis.

=====================

Wikipedia Bond credit rating
http://en.wikipedia.org/wiki/Bond_credit_rating

[Indiana Jones]

Kader je het officiële bericht van Fitch in bovenstaande Wikipedia-uitleg, dan is het te begrijpen. Het journalistieke Nederlandstalige bericht, dikt het wat aan om lezers te trekken.
===============
Officiële bericht van Fitch:
22 Feb 2012 6:33 AM (EST)
Fitch Ratings-London-22 February 2012: Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'C' from 'CCC'. The Short-term foreign currency rating is affirmed at 'C'. The agency has also affirmed the euro area Country Ceiling at 'AAA', which is applicable to all euro area member states.
http://www.fitchratings.com/creditdesk/ ... rigin=home

Journalistieke vertaling in het Nederlands:
Laatste update: 22 februari 2012 13:21 info
AMSTERDAM - Kredietbeoordelaar Fitch heeft de kredietwaardigheid van Griekenland verlaagd van CCC naar C. Dit betekent dat een faillissement van het land waarschijnlijk is. http://www.nu.nl/economie/2747083/fitch ... land-.html

=======

Ergo: Fitch heeft de longterm rating CCC gelijk gehouden en de short term rating naar C aangepast. Eén niveau lager op de Fitch-ranking betekent definitief default.
S&P long term rating staat op CC en kan nog een trapje lager naar C, voordat definitief de default range bereikt wordt.

[Adamus]

Goed nieuws in de gazet

http://www.tijd.be/nieuws/geld_beleggen ... source=SIM

[Indiana Jones]

Goed nieuws in de gazet

http://www.tijd.be/nieuws/geld_beleggen ... source=SIM

Ze hadden ook aan Wiki kunnen refereren, daar wordt het haarfijn in het Nederlands uitgelegd:

http://nl.wikipedia.org/wiki/Piramidespel

[skyscraper]

Arm Belgie, onhoudbare garanties verlenen aan een waardeloos vehikel
http://blogs.tijd.be/bbb/2012/02/de-mar ... dexia.html

[skyscraper]

tegenwoordig moet je het al zoeken tussen de 'faits divers':
http://www.zita.be/business/nieuws/1699 ... edden.html

dat het louter om een lening gaat vond ik vroeger ironisch, tegenwoordig vind ik het buitengewoon sarcastisch dat men het nog durft te vermelden!

Lap...
"Daarom is het onvermijdelijk dat ook de officiële sector zal moeten bijspringen en schuld zal moeten vergeven in 2013 of 2014."
http://www.beursduivel.be/nieuws/261350 ... nland.html

[Adamus]

tegenwoordig moet je het al zoeken tussen de 'faits divers':
http://www.zita.be/business/nieuws/1699 ... edden.html

dat het louter om een lening gaat vond ik vroeger ironisch, tegenwoordig vind ik het buitengewoon sarcastisch dat men het nog durft te vermelden!

Lap...
"Daarom is het onvermijdelijk dat ook de officiële sector zal moeten bijspringen en schuld zal moeten vergeven in 2013 of 2014."
http://www.beursduivel.be/nieuws/261350 ... nland.html

We hebben een "black box" nodig waar schulden in kunnen verdwijnen. Maar een lucifer volstaat ook

[Indiana Jones]

tegenwoordig moet je het al zoeken tussen de 'faits divers':
http://www.zita.be/business/nieuws/1699 ... edden.html

dat het louter om een lening gaat vond ik vroeger ironisch, tegenwoordig vind ik het buitengewoon sarcastisch dat men het nog durft te vermelden!

Lap...
"Daarom is het onvermijdelijk dat ook de officiële sector zal moeten bijspringen en schuld zal moeten vergeven in 2013 of 2014."
http://www.beursduivel.be/nieuws/261350 ... nland.html

We hebben een "black box" nodig waar schulden in kunnen verdwijnen. Maar een lucifer volstaat ook

Zó zal het uitgelegd worden aan de burgers: ->