68Camaro wrote:The facts will become more clear with time. On this one point, as I understand the latest this afternoon - they did NOT rob a convenience store - they hijacked at car at a convenience store. Stories get distorted with telling, and with incomplete facts.
I believe they ultimately wanted to be caught, and killed, but wanted to take out as many people as possible with as much publicity as possible. Why? That one is still unclear. But it will eventually come to light.
baggerman wrote:The question I would like to know is out of thousands and thousands of folks and there are other pics floating around of people with a back pack and then no back pack in later pics how did the feds single these guys out? What did the feds know in advance?
baggerman wrote:The question I would like to know is out of thousands and thousands of folks and there are other pics floating around of people with a back pack and then no back pack in later pics how did the feds single these guys out? What did the feds know in advance?
beauanderos wrote:Do you realize what happened last week precious metals values plunged? Someone was counterparty to the derivatives bets that hedged against just such an event occurring. Major bank insolvencies (leading to bail-ins via unsecured depositor funds confiscation) are likely coming soon, with a possible domino effect of big banks taking down little banks following. (
theo wrote:beauanderos wrote:Do you realize what happened last week precious metals values plunged? Someone was counterparty to the derivatives bets that hedged against just such an event occurring. Major bank insolvencies (leading to bail-ins via unsecured depositor funds confiscation) are likely coming soon, with a possible domino effect of big banks taking down little banks following. (
So you are saying that there is a large institution (AIG, Citibank etc) that held the opposite position on those derivatives will default leading to cascading bank failures? I would think that if a TBTF institution got caught up on the wrong side of last week's trades, it would quickly and quietly be made whole by the not-so-transparent Fed. I've also felt that one of the secondary goals of the PM smash was to financially harm the speculative longs. The rationale being that its difficult to buy PMs when you are looking for a bankruptcy lawyer.
68Camaro wrote:The paper traders get wiped out in each of these but there will eventually be one of these smashes that is the last one - in the existing futures market - before the market gets rebuilt. Before it gets rebuilt it will have to crash. What we seem to be seeing is perverse to their apparent intention, which is increased confidence in the physical markets as people all over the world flock to the "fire sale" on precious metals. They seem to mean to steer investment away from PM, but its almost as though they've misunderstood the paper market for real physical and it is backfiring on them.
beauanderos wrote:I'm not saying it even had to be a big bank... the snowballing effect of even a smaller bank spiraling into sudden unexpected insolvency could prove the catalyst for an avalanche of counter-parties all being pulled under, as they're all inextricably linked.
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