MELTDOWN UPDATE: The JP Morgan Derivatives Book is Blowing Up – Bix Weir

Talk about the ‘end game’ . . . Do you suppose an indictment is finally on the way? ~J

Published on May 16, 2012 by 

This is a breaking meltdown update with Bix Weir. Bix says “This is what the end game looks like… JP Morgan can literally computer rig this thing to zero and shut down the market. I say let em. The trick is to stay out of their system.”

Bix’s website:
http://www.roadtoroota.com/

★::::RON PAUL 2012::::★

My website:
SGTreport.com

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7 Responses to MELTDOWN UPDATE: The JP Morgan Derivatives Book is Blowing Up – Bix Weir

  1. Alex says:

    Well SaS, we will see. Jamie seems to have been given a pass – he got by the shareholder vote of confidence and is keeping his 23 million dollar bonus or whatever insane sum it was.

    To me, what is encouraging – is that Bix said that the 2 billion is nothing but a paltry “tip of the iceberg” compared to the reality of this situation as far as loss. Again we go back to the derivatives situation which I feel is the real time bomb that is ticking here.

    If you recall in January and February of this year, we learned of the 75 trillion in derivatives that was passed by BoA like a hot potato into the FDIC insured sector of our banks. This criminal maneuver was allowed by the Fed to insure all this bad wagering was eaten by the American people. There are few out there that understand this situation and fewer still willing to comprehend that the situation that would allow this financial holocaust to be triggered exists.

    It is kept like a deranged incestuous love child in a deep, dark, self serving politicians basement from the prying eyes of truth. The current administration would never allude to this fact even more so in an election year. The Government and its corrupt family members keep kicking this can down the road hoping for a fix before any light is shed on this in the MSM.

    Out of chaos … order. At least that’s what they hope. We don’t.

    Jean posted some excellent info back in January regarding this stuff; the ISDA determining if Greece debt was in default. If you remember not much later MF Global went under.

    Here is the article the interview on this page is spot on and worth a rehash:

    http://jhaines6.wordpress.com/2012/01/31/isda-to-decide-if-5-major-us-banks-go-bankrupt-this-week/

    This one is also a must read:

    http://jhaines6.wordpress.com/2012/01/31/jim-sinclair-isda-to-determine-this-week-if-five-major-us-banks-go-insolvent/

    I feel these derivatives are heavily tied to the countries in debt to the ECB and IMF. If the EU goes belly up; so do the banks – all those nations will have to print their own currencies. I feel the situation in Europe is the trigger to this derivatives time bomb.

    Here is another nice morsel that brings this situation into perspective; – is a must to review:

    “Whether a “credit event” is a “default” triggering a payout is determined by the International Swaps and Derivatives Association (ISDA), and it seems that the ISDA is owned by the world’s largest banks and hedge funds. That means the house determines whether the house has to pay.”
    http://jhaines6.wordpress.com/2012/02/21/how-greece-could-take-down-wall-street-by-ellen-brown/

    Greece ultimately accepted another tranche for assurances of austerity that defused this situation the first go around in March. What I am watching now is whether or not the political wrangling in Greece finally gives the monetary union the proverbial finger ala Iceland. If so…. who is next?

    Here in lies the secret to what JPM knows. Its the thread that unravels the whole sweater.

    Peace!

    • Jean says:

      Alex, I wish you could ‘get’ my point. I have to agree with everything you say, but it seems to me it is entirely based on 3D thinking, and from my point of view, that is the great fallacy in your conclusions. They are all about the facts on the ground, what you can ‘see’ – as opposed to the information that comes from your heart, which doesn’t need a factual basis. Facts can be helpful in reaching a heart-based conclusion, but they aren’t one bit necessary to it. Living from the heart is a heck of a lot easier – facts are not necessarily required, except when you try to share with someone who is only thinking in the third dimension :)

      Hugs,
      ~Jean

      • Alex says:

        Unfortunately everyone I deal with is a 3D person. I ‘get’ what you are saying Jean. I do feel in my heart that this will end and a new world will be born. I do have an open mind. I consider all things. I just stick to the facts as far a what I am ‘willing” to believe. It is why I do not do religion. I believe there is a God and I believe we are all part of that One, but I am not going to define it. I think it is how we got into this mess to begin with. Question everything it is healthy. Stay in a good place. Expect the best, plan for the worst. I am just NOT going to write a blank check for my mind. I think where you are confused about me Jean is that you seem to think because I ground myself with facts that I can not ‘see’ as you say – that I am unable or maybe unwilling to contemplate or entertain other ideas. That is not so. I have listened to and considered very much that you blog here. Ask your self: if I did not consider the things you post and say and find truths and things of value; then why would I keep coming back here?

        We are all unique aspects of the One.

        Peace!

      • Jean says:

        Alex, your response leaves me with nothing to say, except thank you for such a clear rebuttal! It’s all good! Hugs, ~Jean

    • Stunned at Sunset says:

      Alex,

      I went through this stuff this morning and I can’t help but have the feeling that Jamie Dimon has been sitting on top of a derivatives “self-destruct” mechanism that is much, much larger than the experts “think” it is. I keep getting those impressions from the movie “Alien”–you know, where Ripley is trying to get the hell out of the ship and the self-destruct system is saying: “Self-destruct in 10 minutes… self-destruct in 9 minutes…” All kinds of alarms blasting and red lights flashing!

      They can’t stop the thing! They can’t shut it down! Now here is where Jean’s “thinking with the heart thing” comes into play. The banksters are using Monte Carlo theory (statistical inference) to calculate the risk of losing their bets; I understand this. But, I think that the ONE is collectively fed up with them and “willing” that the bets always lose because the ONE is just tired of their shenanigans and is shutting them down in bits and pieces. The science behind collective thought influencing “chance” has already been proven in over 17,000 experiments conducted world-wide since Don Elkins started studying the phenomenon back in the 1970′s (read: David’s book, The Source Field Investigations and Lynn McTaggert’s book, The Field) Since the banksters are service-to-selfers and have chosen to “separate” themselves from the ONE (uh, they are…ah…”exploring the wisdom of separatioin, so-to-speak) they don’t pick up on this and keep placing bets that ultimately lose. The monetary system of the Fiat-crazy west is debt driven; you can NEVER create enough money to cover the debt anyway and that complicates their already faulty gaming logic.

      Whew! THAT was convoluted wasn’t it? Oh, well, it was just a thought.

      Love and Light,
      SaS :o

  2. Stunned at Sunset says:

    General post,

    I wonder if Jamie Dimon will remember that a captain goes down with his ship? Well, I guess its all irrelevant anyway; they’ll chain him to the stern and let him take the fall in any case.

    So long Jamie!

    Whew! Well, little family, that’s one down… Alex! How many more we got to go here?
    :o

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