OK Folks. This is official. I am not $HITTING you when I say that the Empire is now OFFICIALLY COLLAPSING. This is NO JOKE, this is NOT SOME HASTY CONCLUSION. IT'S BEGUN. The Credit Black Hole of the Derivatives Death Star Collapse has BEGUN.
Besides analysing today's last Treasuries auction, this came out like a bolt from the blue.
To give you some background, remember how I wrote about the derivatives bubble? I'm sure you're thinking, "Asian Brutha, whaddya mean remember how you wrote about the Derivatives Bubble, that's ALL YOU EVER WRITE ABOUT you single track minded SOB!"
OK, OK, Anyway, back in 2009, the publisher of the newsletter I'm writing for gave a very insightful interview on a radio show with respect to how world neo-colonialism worked, and in particular, Derivatives. The archive of it is here.
Listen to it. You'll hear him mention something incredibly important about the ARCH DEALER in Derivatives. That dealer, is JP Morgan.
Here are the two bolts from the blue that just DAZED me when I got them.
"JPM Crashing After It Convenes Emergency Call To Advise Of "Significant Mark-To-Market" Losses In Bruno Iksil/CIO Group"
Guess what the Iksil group deals with? You GOT IT! Derivatives! And WHAT KIND?! CDS's!!
Oh, this gets even BETTER!
Here's the next one:
"The "World's Largest Prop Trading Desk" Just Went Bust"
Here's a VERY important highlight in this article:
ďWhat Bernanke is to the Treasury market, Iksil is to the derivatives market,Ē Bonnie Baha, head of the global developed credit group at DoubleLine Capital LP in Los Angeles, where she helps oversee $32 billion, said in a telephone interview."
Catch that one? Yeah. HOLEE $H!T is right. It's finally happening! In fact, you can even say that THIS IS NOW OFFICIAL.
Vampire Squid is officially F--KED. But we're not quite there yet!
------------------ STARWARS MODE ON------------------------
As the Battle for ENDOR (Earthly Natives Dearly Opening for the Rest... of the Galaxy!) rages on, with the Rebellion (The Rest, lead by China!) hanging on for dear life in their fight against the Empire (Western Financial Empire, the G7 Countries), a small, guerilla force managed to penetrate the Shield Generators (Derivatives Bubble... hmmm, that actually works.) of the Death Star 2 (Fed Reserve, Vampire Squid Banks). Suddenly, the Shield Generators have been destroyed!
What happens next? Stay tuned!
This is real life entertainment at its finest...
All Da Best!
Da Asian Brutha
P.S. Any snack suggestions other than buttered popcorn?