OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Corey Conners the Canuck Rifleman threw 6 darts on the back nine today in the Texas shootout…

Posted by macroman3 @ 23:42 on April 7, 2019  


The last Canuck to win on the PGA was another upstart named Mackenzie Hughes

A little Cream of the train crossroads for the trainman…

Posted by macroman3 @ 23:35 on April 7, 2019  

Gold Train

Posted by Maya @ 20:29 on April 7, 2019  


It’s a ‘setup’, but it’s still pretty!


“It Belongs To The People, Not The Bankers” – Italy Moves To Seize Gold From Central Bank

Posted by Maddog @ 19:44 on April 7, 2019  


Now this really could set a very large cat, amongst an awful lot of pigeons, especially if they audit the Gold and it ain’t there, or has been ‘lent’ out.

Or even if it is there….ha ha, such a move drives a stake right through the Euro……it may of course be a very clever ploy, to allow Italy to drive a coach and horses through budgetary rules..What ever it is, the move is genius.

Didn’t even bother to read it. It’s Rubino, so go ahead and look out below.

Posted by Buygold @ 13:34 on April 7, 2019  

Rubino: “Gold Is Moving Back Into The Center Of The Global Financial System”

“…They are so worried, they are willing to experiment with monetary policy again in order to prevent the crash that could make them this generation’s Herbert Hoover.

Got. gold? JPM as recently as 2012 lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London-That episode was known as the London Whale incident

Posted by Richard640 @ 7:55 on April 7, 2019  

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

By Pam Martens: April 1, 2019

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street. In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999.

If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street. But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles.

According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of “subinvestment grade” i.e., junk credits. When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up. JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:  

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

“For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…

“JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.”

We know very well that JPMorgan Chase “may not be successful” in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London. That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.