Folding Financials

Do you read headlines like the following concerning similar serious bank failures in America and the Eurozone?

Do you think the Fed has room to raise rates?  Such an event would drop the Dow like a hot potato, killing whatever is left of the ailing US economy.

A retired IMF economist expects a major US bank to fail.  Is this your bank?  None of us can know.  Does your bank or financial agent have a relationship with this supposed institution that will cause your financial agent damage?

You need to recognize that all the media tricks being played to influence a bully market populated by the Hedgies at the Hedge Funds have but brief influence.  You must understand that there is no synthetic short in the dollar position because who on earth is rushing for dollars to pay off debts?  It is a failure to meet debt obligations which today means non-functioning OTC derivatives that is the definition of deflation.  This is gold positive in a big way.

Ex-IMF economist sees large U.S. bank collapsing

LONDON (MarketWatch) — Kenneth Rogoff, the former chief economist of the International Monetary Fund, reportedly said Tuesday that a large U.S. bank will collapse in the next few months. “We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper, we’re going to see a big one, one of the big investment banks or big banks,” Rogoff told a conference in Singapore, according to a Reuters report.  More…