The derivatives fiasco is unstable... 4 largest domestic banks have $170 TRILLION in derivatives exposure, according to one online source. People must be in physical precious metals.
Gold ownership has been less representative from what is was some 14 years ago. But now with growing sensitivity to bank blowups, the question becomes: is that 0.5% of portfolio Gold ownership to grow?
There are multiple threats to the financial system that are currently in play, and one of the biggest is the risk of a Eurodollar crisis or collapse. The world had two close calls...
The contagion of collapse continues. The crazy buyout engineered in Switzerland when one of the oldest banks on Earth collapsed spread to equally ancient, gargantuan and zombified Deutsche Bank..
But remember, we’re talking about a complex system here. All these actions by different parties combine and interact in unpredictable ways. As it’s turning out, the bank failures could lead to more tightening, not less.
