Breaking News Ellis Martin Report with Jim Sinclair

http://www.ellismartinreport.com
http://www.jsmineset.com
https://twitter.com/#!/EllisMartinRprt

Breaking News: January 30, 2012. In this unedited interview with Ellis Martin, Jim Sinclair reveals an impending undeclared default of 5 major US banks this week per the ISDA International Swaps and Derivatives Association related to events in Europe. Listen and learn.
http://www.ellismartinreport.com http://www.jsmineset.com

Category:

News & Politics

Tags:

• Ellis
• Martin
• Report
• James
• Jim
• Sinclair
• bank
• default
• ISDA
• currency
• currencies
• Eurozone
• Greece
• debt
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[lushfauna]

Ron Paul pleazzzzzee!

[scarinit]

here is what Sinclair is saying:

IN 2012, Greece is about to default, just like the CDOs of 2008.

ISDA (run by Big 5 banks) declares that 70% haircut on Greek bonds is not a default.

Therefore, Big 5 do not have to pay off on CDOs bought by Greek bondholders. Big 5 off the hook.

Greek bondholders who thought they had principal insurance are now screwed and left holding the bag. Greek bondholders (big Euro banks, big Euro govts, big hedge funds) will now be insolvent.

-TF

[TROAN73]

Again greedy american banks...=666 number of the beast

[Normalverteiler]

@truthfromtheword

Exactly. The people in charge dont care if prices go up as along as they can continue their failed internationalist marxist capitalistic policies. The little guys are little because they behave little. The big guys wage war to reach their goals while the little guys think voting will help them. No. The little guys also need to wage war. Against those responsible, that is the only possibility. Our countries are destroyed and that is no laughing matter.

[truthfromtheword]

@Normalverteiler The money devalues, inflation rises. The little guy is screwed. Bottom line.

[kkdalglish1]

as far as im aware the number of credit default swaps in circulation is bigger than the actual amount of debt... these are financial instruments traders use to bet on the performance of a bond. eg if you buy greek bonds you would hedge with cds so if they default your not left standing with your cock in your hands, but also if you think the greeks will default you buy naked cds even if you don't actually own any of the greek debt so in essence you are betting the economy will fail :/

[1x93cm]

this interviews really does not say anything other than liars are going to continue to lie until it becomes physically impossible for them to pretend that everything is okay

[Mikahopea]

Jim Sinclair U fucker. it has been 2 week and you talk is just bullshit. So fuck you usa, what a hell you americans think you are? Usa has try to destroy euro last 10 years .

[TeriCanDoIt]

I think we should all STOP paying the banks on our mortgages, credit cards and other debt owed to them... what are they gonna do...FORECLOSE on all of us... I paid of my original loan amount about 2 yrs ago the rest is just their interest on money they didn't have in the first place.

[ZeroPoint2013]

Empires tend to fall when the interests of their Elites diverge. We are at such a point in the global financial Empire, then the system will unravel and the deleveraging will run its course. To avoid a CDS-triggered collapse, the European Union and its proxy agencies are attempting to call a default by Greece something other than "default". Anyway Greece default will implode the shadow-banking system since those who sold the CDS do not have enough cash to pay the owners of these CDS...

[donworland]

@Keemm89 I wish I knew how large this is, there are a number of diagrams online recently published that show visually who is large to whom else. The old allies UK, France, US are in large to smaller developing EU countries through loans, one day they will develop more advanced industry pay back their loans, US wins, yada yada win-win but other circumstance is stopping it all from flowing. The issue is did big money know little money couldn't pay it back from the start? That's loan sharking.

[1977Melville]

@hal0bend. Catastrophes take their good old time. Just look at the panic of 08. It took years to occur. The financial system right now is in very bad shape and engaged in shady bookkeeping.