CDS? What? I thought those fears were way behind us? Well, they were shoved in a closet in hopes they would go away and never return. Sadly like a ghost from the past they don't go away and come to haunt you at the most dire times. Can you say Quadrillions in derivatives? That's with a Q. Ha! Some idiot opened the portal and may have let out all those daemons again. This time they may not be able to exorcise or hide the problem though. Glencore Implodes: Stock Plunges Most Ever, CDS Blow Out To Record Up On Equity Wipeout Fears. The CDS market is where the real global (catastrophic) carnage could lie.
Another casualty of this is the commodity market. Not sure why ..... but something is telling me that the slam of gold and silver accompanying this rout is making someone very rich. I smell a rat. Is this the first casualty of a corporate feeding frenzy? Lord knows, they ate everything else. Time to turn on their own?
I'm not sure why (other than saving the petrodollar and buying some time), but has a rate hike become an actually desirable action?
The hints that this is still on the table at the same time the cry for moar QE - could things be more lopsided? Confusion reigns.
Another warning - moar must happen - "Nothing's Safe" Passport's Burbank Warns "The Liquidity Of Everything Is Being Taken Down"
On to the lie -
Well, guess what - Stock charts is having problems, again, processing my transaction. This time their system is not accepting my billing information. Go figure. I may have to do away with SC and find another platform. This is getting old having to deal with their issues. Once again, I have to take my time to solve simple billing issues. Ridiculous. It won't take as long as it did last time.
Freedom watch -
Agenda 2030 full court press - Obozo to UN.
More to come below.
Have a good week.
GL and GB!