roadtoroota / by Bix Weir / 7/11/16
Europe is imploding as we speak. From riots in Berlin to ATM runs in Italy to Deutsche Bank begging for a 150B Euro bailout – all the controls are breaking down and there is no way to stop it.
Many people are asking…WHY NOW?
I think it has to do with the BREXIT derivatives that start paying out this week.
Let’s face it – the BREXIT was unexpected by the elite even up to the evening of the vote. TRILLIONS in FX bets were gambled on the outcome and those who were supposed to be “in the know” got it wrong. Now they have to pay up according to the rules set out in the ISDA Master Derivative Agreements and individual derivative contracts on OTC Derivative Market.
There are various time frames for settlement of derivative contracts but most are either settled in 3-4 weeks after the event or 10 business days after the end of the quarter. The BREXIT vote was held on June 23rd and the results were finalized on June 24th.
That puts us at “Settlement Dates” roughly starting tomorrow (if you count the 4th of July as a holiday) and going through the next few weeks.
As I believe that many of these contracts will not be fulfilled we will run into immediate counter-party failures blowing apart the “derivative hedges” that were supposed to offset losses. Then, all of a sudden, the “notional value” in the Quadrillions that is claimed to be hedged against turns into the real deal.
So expect the rumblings in Europe to begin to turn into a REAL collapse nearing the end of this week and getting worse as we move through July.
In the USA expect more planned social breakdowns as we approach the Republican Convention on Monday July 18th. BUT keep a close eye on the Republican Rules Committee meetings scheduled to start tomorrow. There will be those calling for DRASTIC rule changes in order to oust Trump.
Everything You Need to Know About the Republican Convention Meetings
With thousands of Republicans from across the country gearing up for next week’s GOP convention, dozens are already gathering here in Cleveland for preliminary meetings that could upset Donald Trump’s path to the White House.
Delegates will spar over proposals for official positions of the Republican Party, as well as the finalized rules that will govern next week’s convention. And handfuls of Republicans still hoping to block presumptive nominee Trump from winning the nomination will make their final Hail Mary effort. -END
Now who could have predicted that? 🙂
*NOTE: My suggestion that Trump and Sanders should run on the same ticket is not what I think is very likely to happen. I would give it a less than 2% chance right now but I do think it’s what our country NEEDS to avoid a collapse into Civil War. If either side of our fractured Nation wins outright the other side has vowed to fight for their rights and ideals and fight they will…likely with guns.
Then again…if Trump is ousted from the Republican party then I’ll up my odds of a Trump/Sanders ticket to 50/50 and be taking another victory lap on the Road to Roota!!
As I explain in Book 4 – the future will be NOTHING like the past for the United States of America.
My friends – if you thought the summer’s been a little crazy so far…JUST WAIT!!
May the Road you choose be the Right Road.
PS – The fuses are lit on both Silver and Bitcoin for the Moonshot so Brace Yourselves!!