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

Credit markets are almost closed, I am being told! I REPEAT again the CREDIT markets are almost closed! Trades are happening by appointment and to even move 1MM EM bonds (at an opening price) is almost impossible.

Think holding government debt at par for the likes of Italy or Spain knowing they can never clear the debt, and knowing that no one will buy at market. So what is the true value of a large portfolio? Do you hang on getting interest while it is still being paid or do you attempt to go to cash? And if you do who is going to step into your shoes ? Especially since the banks are all trying to save cash and want no exposure of any kind. We maybe approaching the point where central banks are losing credibility and their ability to contain the fallout, when governments are so badly in debt they are powerless and rudderless in a sea of chaos.

It is not uncommon to hear an indication only to trade and a 2% trade away from from opening, assuming you are able to trade, and desire to trade is no guarantee of a sale. NO ONE is standing up to market prices and to liquidate even a small portfolio can take weeks. It is important that you cannot any longer trade the basis as value is dropping and there no point to partially selling specific bonds unless you can clear a given position! Because once there is a traded price ALL holders of same or similar will have to remark the book. That is unless you are a bank where the Balance Sheet is not a Mark-to-Market approach on a daily basis for the book being held.

We are coming very close to complete chaos that will make 2008 look like a walk in the park! We will be fortunate if we make fall without a real financial disaster!

How beautiful!  Do you harvest it?

There is unusually robust height growth this year.  This particular species of Equisetum does not seem to mind at all the Gore-Floridagold  climate warming as long as its roots are in moist floodplain soil near my planted Sitka spruce.

https://www.youtube.com/watch?v=9NGuOhbip80

I’m not Catholic so I have no idea what is going on but the locals are getting restless.

Rno

The POPE is a Jesuit  that says it all ,H’s  Part of the 3 J/s

Great presentation by Dane Wigington….a real hero in my book.  The guy is completely honest and sincere in his efforts to expose what is right before our eyes, but still most people refuse to  see. I’ve whipped this dead horse on this site, and before this site on Goldtent, since they started spraying here in September 2007. I’ve been told many times to sit down and shut up and maybe even been temporarily banned, or threatened to be banned, from the Tent if I didn’t.

So thank you for carrying the torch. What Dane says, IMO, is all accurate. All life on this planet is being destroyed by these psychopaths.  What needs to happen is a world wide house cleaning of all governments that are involved, and if nukes are available then they need to first be used to destroy all the HAARP facilities around the world. That might end this madness!!

I know this is a precious metals site but you have to be healthy and living to enjoy winning in the end, because the streets of Heaven are already paved with gold, and you can’t take it with you anyway.

All The Best!!………Silverngold

They know what is going on

They don’t know what to do about it

They are scared as hell about it

https://www.youtube.com/watch?v=zXkVGxLmlAA

conservative Catholics in mid-America are none-to-happy with the actions of the current leader. Conservative bishops and cardinals have been removed from leadership positions with predicable results.

the Greek domino has fallen. If it’s big enough to knock over the next domino is now the big question. Who issued the derivatives and will they pay up? John Corzine found out the financial mafia doesn’t pay. The rotten system will get more exposure in the coming weeks. Paper anyone?

if you don’t have phiz in your hand, you have a promise from someone who has no intention or ability to pay.

rno

Could Greece become the European Venezuela?

A dispute with miners in a village in northern Greece suggests the Syriza government shares the “Chavista” anti-capitalist agenda

http://www.telegraph.co.uk/news/worldnews/europe/greece/11717890/Could-Greece-become-the-European-Venezuela.html

Now, cutting social spending is usually considered political suicide (after all, the voters put you in office in the first place based on you promising to pay them welfare payments down the road). So rather than default on the social contract made with voters, the political class will simply push to issue MORE debt to finance old debt that is coming due.

The US did precisely this in the fourth quarter of 2014, issuing over $1 trillion in new debt simply to pay back old debt that was coming due.

This is how the bond market becomes a bubble. Between 2000 and today, the global bond market has nearly TRIPLED in size. Today, it’s north of $100 trillion in size. And it’s backstopping over $555 trillion in derivatives trades.

There is literally no easy fix to any of this. The pain will be severe. And so everyone in charge of the important decisions (the political elite, the big banks, and the Central Banks) will push this as far as it can possibly go before taking the inevitable hit.

Greece just took a hit… and once again it’s depositors that will take it on the chin. But this process is only just begun. Similar Crises will be spreading throughout the globe in the coming months.

http://www.zerohedge.com/news/2015-07-03/100-trillion-bond-bubble-just-burst

Paraphrasing : Anticipation is a key factor in losing money.

That is one of the few tv shows I used to watch. At the time that went completely over my head!