Central Banks have been redeeming of late, or rather, they have re-senioraged their creditors through soon-to-be-reversed repo contracts entitling some of the real asset fiduciaries (Deposit Institutions) the right to repurchase the said central banks real reserves- which reserves they will hold on to physically for as long as they possibly can(In effect, giving the bag to the fiduciaries who hold the wrong end of a then-defaulted-on senior credit note>the gold reverse-repo contract: but depositors will just get the Royal final f*** up their ass, in effect destroying the good part of a generation of humans, all for the great wealth-destroying purpose that is plunder). Some of the Banks will get too scared and will cash out in the secondary markets, and it will be the end of the borrow game for a lot of idiot dictators, the army will fall apart and Generals will go in business for themselves, just like they always should have. But hopefully by then we will shut down the 500+ nuclear reactors we have going 24/7, churning and burning the most life-toxic substance known to man at temperatures we can barely control. Dont eat Northern Pacific fish; be careful elsewhere. Pax Olivier
Posted on: Wed, 12 Mar 2014 02:47:54 +0000
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