Thanks My Ladies for letting us share from your private chatroom
LM: Why are we so focused on Iraq all of a sudden? The Global picture is a mess and it seems there is a plan and a financial war going on and a new system being put into place. Call it Duke & Duke/ cabal/ whatever…
Something massive is changing and when that is sorted out, Iraq will be allowed to re-price. Could be any minute, or any month… IMHO (f)
Also, are any of you smart banking folks hearing that margin calls on derivatives are due this week, and the big banks can’t pay them? Could be Dinarland fodder, but is there validity to it?
Thanks in advance. I will go back to lurking now (chuckle)
Joey: This is very interesting, why should bonds be selling when many Central Banks are not paying bondholders and this has set a precedence as holding up in court. As with Argentina. Are we just waiting for the crash and the new beginning with the SDR???
Joey: Per Bloomberg on TV. Central Bank of Argentina which has bonds held in New York City doesn't have to pay the bond holders any money. Been on more than once today.,
This was a court decision
MEMPHIS: Not directly but then again these contracts are always rolling over so I am not sure what significance any given week might have.
What I have been hearing tho is that derivatives contracts specifically in the oil/energy sector are under immense pressure. [We should note that this has been building thruout 2015, not any type of sudden onset.]
The concern here is that once bank A cannot meet an obligation to pay $ to bank B then Bank B will in turn be unable to meet obligations to bank C who in turn owes $ to bank A....
You get the point. IF such a thing is truly nearing the breaking point it will makes some waves for sure but will not be the end of all things either. Simply another example (manifestation) of excess capital being destroyed as the worlds economy contracts.
I know this is not a direct answer to your Q but it's all I have at present! Either way. I guess my point here is that we should FULLY expect the ongoing deflation in the energy sector to be made manifest in the not too distant future. (handshake)
Joey: TY Memphis!!!
MEMPHIS: Notice that I carefully avoided the "I" word? Trying to present a more cheery brighter side to things and the word "INSOLVENT" is so hard to mix into polite conversation!
Joey: TY Memphis, well put. It's the typical Humpty-Dumpty syndrome and nobody could put it back together again.
MVL: Thanks, Memphis. Death pangs of the old system, alongside birthing pains of the new, I believe.
Sager: On 2015-08-31, at 9:53 PM, - SAGER - wrote:
> Chief of the Atomic Energy Organization of Iran says world powers have agreed to immediately lift all sanctions on Iran as part of the deal on the country’s nuclear program.
Sager: TO FURTHER COMMENT ON THIS… IRAN SAYS “WORLD” POWERS???! WORLD POWERS HAVE AGREED TO IMMEDIATELY LIFT ALL SANCTIONS ON IRAN?
WHO ARE THESE WORLD POWERS? DOES THAT INCLUDE THE US???
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Tue 01 September 2015 04:23 GMT | -1:23 Local Time
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