Loading ...LONDON, Oct 11 (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat.
The Bank of England plans to stop buying bonds on Oct. 14, leaving pension schemes scrambling to meet a collective cash call estimated to be at least £320bn ($355bn) without a buyer of last resort.
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Silverngold adds: The derivatives (ETF’s) are the tool that is being used to drain the worlds wealth into the pockets of the elite while stealing it from the people. This ship is about to go down and nobody even knows it has been hit…..but Derivatives (ETF’s) are the empty bags of hot air they are now ready to pop….and when they do, that is when you will discover that you own nothing and you will be happy (or already gone) FWIW. WAKE UP PEOPLE!