Buy gold and houses because the banks will soon explode...

The eye of the storm is that well-known place in the turmoil, a place of dead calm, a place where everything seems to be fine and in reality... it's just a moment, a pause in the passage of the cyclone.

The economic situation we are experiencing corresponds in every way to the definition of the eye of the storm.

Once again, nothing has changed since 2007, the start of the so-called subprime crisis. A lot of turmoil, a lot of recovery plans, a lot of money spent, countless summits and last-ditch meetings, colossal means implemented but in the end, nothing or almost nothing has changed.

So tonight, on this day of a relatively large drop in gold, I wanted to share with you my deepest conviction on the economic situation. To tell you that this bearish movement will probably lead us to the threshold of 1 dollars an ounce, and that we will be able to strengthen ourselves cheaply on the yellow metal, because once again, nothing has changed. Before doing a little foresight exercise, I wanted to share with you some really important information in figures because everything else follows logically from it.

A marvelous agreement on the banking union

Before giving you this quantified information, a little background on yesterday's insignificant event concerning the agreement on the banking union in Europe, obtained after a long struggle and hard work! An agreement that is sold to us with many drums and trumpets! A veritable concert of praise where incompetent and corrupt mamamouchis congratulate themselves under the benevolent gaze of an accomplice press relaying the divine message of hope on the solidity of the banks.

So remember this. In 10 years (don't forget that time in Europe is a very specific notion allowing us to understand the principle of relativity dear to Einstein), we will have a guarantee fund endowed with 55 billion euros... in 10 years ! 55 billion only and for the whole of Europe. Which is to say nothing!

Now, I return to this article in Le Monde which I wanted to tell you about with the figures it reveals and which are perfectly true. They are real and terrifying. Judge instead.

Derivatives rise above their pre-crisis level

"The study published Tuesday, December 17 by the cabinet ofanalysis independent financial institution AlphaValue, entitled "Which banks are potential Fukushimas? », shows that this is not about to change. This reveals that the notional value of derivatives (ie the face value that appears on the contracts for these products) now exceeds its level before the subprime crisis.

In the first half of 2013, it amounted to 693 billion dollars, against 000 billion in the first half of 684, according to figures that the firm took from reports by the Bank for International Settlements (BIS). The equivalent of ten times the world GDP, against three times the world GDP fifteen years ago. »

“AlphaValue also reviewed the official documents of major European banks to determine which ones hold the highest notional amounts of derivatives. »

And here is the ranking that I advise you to print and put on your bedside table. So, when you have doubts about your wealth strategy, and some of you are likely to experience strong periods of doubt in the coming weeks, just look at this little sheet of paper for a few minutes. Look at it and remember that it is precisely for this reason, and whatever you are told, whatever you hear, whatever smoky and smoky analyzes are delivered to you.

1/ Deutsche Bank: 55 billion
2/ BNP Paribas: 48 billion
3/ Barclays: 47 billion
8 / The Societe Generale : 19 billion
9 / The Farm Credit : 16 billion

Now do the addition yourself for these 3 French banks, then compare the total sum… to the GDP of the France which is globally 2 billion euros.

If a single French bank explodes, all global finance explodes, and our GDP of 2 billion is only a starling's rupee! From then on it will be game over. The end. The End. Ended. Finished. Gone, everything! No more savings, no more money, no more exchange, nothing… A veritable end of the economic world.

The newspaper Le Monde very rightly points out in this excellent article that "regulators are aware of the problem, and in particular require that the exchanges of derivative products go through clearing houses in the future - structures which ensure the settlement-delivery of transactions and guarantee compliance with the rules of transparency and security”.

Except that here again, the power of the banking lobby, the interweaving and the strength of the banks make all States dependent on bankers. “The hand that gives is above the one that receives. And that's obvious. There again, it will take at least 10 years before making snail advances and again… By then, the financial world will have already exploded several times.

For BNP Paribas alone, more than 48 billion in derivatives. We are not in finance. We are not into economic concepts. We are in pure human madness, and this madness will take us all, annihilating in passing our savings, our heritage, our fortunes.

Source (s): Economiematin.fr via Actuwiki.fr

Further information :