Thursday January 22, 2015
Alice Remains in Derivative Land and the Bankers Have NO Clothes
by Tom Heneghan, International Intelligence Expert
UNITED States of America – It can now be reported that Greek banks face a serious liquidity crisis as depositors withdrew up to 4.2 billion euros over the last 72 hours.
Greece will leave the European Union Sunday night, January 25th, meaning that Greece will default on 70 trillion in euro currency in cross-collateralized derivatives tied to JPMorgan Chase, Bank of America and Saudi owned U.S. Citibank, along with the Central Bank of Japan.
Today the ECB (European Central Bank), the Central Bank of Japan and the U.S. Federal Reserve issued 70 trillion (laugh out loud) of cross-collateralized foreign currency derivatives (there is no real cash or margin) all designed to absorb the shock of the Greece default.
The central bankers are now playing high stakes-high wire finance; when backed into a corner here comes the ‘BAIL-IN’.
P.S. The alleged ECB stimulus program (another Central Bank ponzi scheme) does not begin until March. There is no mention of the specific European banks that will buy bonds and it is likely that Jens Weidmann, head of the German Bundesbank, will sabotage ECB before we even see March 1st.
At this hour there is no real cash left in the financial markets. There are just computer algorithms and cross-collateralized derivatives masquerading as assets when they are nothing more that I.O.U.s between crooked banks.
They call those credit default swaps (CDS).
In closing, as Ukraine is about to financially collapse aka a default on the IMF (International Monetary Fund), expect the Russian Federation to annex the entire province within days.
Stay tuned for future intelligence briefings in which we will detail the latest U.S. coup d’ etat in Yemen, which was nothing more than an obstruction of justice effort to protect the Saudi financed-Israeli Mossad operated Yemen government that was headquarters for the Pegasus Unit crisis actor terrorists.