{"id":13138,"date":"2015-10-08T06:16:13","date_gmt":"2015-10-08T11:16:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13138"},"modified":"2015-10-08T06:16:13","modified_gmt":"2015-10-08T11:16:13","slug":"global-financial-meltdown-coming-clear-signs-that-the-great-derivatives-crisis-has-now-begun","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13138","title":{"rendered":"Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/global-financial-meltdown-coming-signs-that-the-great-derivatives-crisis-has-now-begun\" target=\"_blank\">Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun<\/a><\/h3>\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/global-financial-meltdown-coming-signs-that-the-great-derivatives-crisis-has-now-begun\/global-financial-meltdown-public-domain\" rel=\"attachment wp-att-9314\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9314\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/10\/Global-Financial-Meltdown-Public-Domain-460x325.jpg\" alt=\"Global Financial Meltdown - Public Domain\" width=\"460\" height=\"325\" \/><\/a>Warren Buffett once referred to derivatives as \u201c<a title=\"financial weapons of mass destruction\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/warren-buffett-derivatives-are-still-weapons-of-mass-destruction-and-are-likely-to-cause-big-trouble\">financial weapons of mass destruction<\/a>\u201c, and it was inevitable that they would begin to wreak havoc on our financial system at some point.\u00a0 While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of trouble is bubbling just under the surface.\u00a0 As you will see below,\u00a0<em><strong>something<\/strong><\/em>\u00a0happened in mid-September that required an unprecedented 405 billion dollar surge of Treasury collateral into the repo market.\u00a0 I know \u2013 that sounds very complicated, so I will try to break it down more simply for you.\u00a0 It appears that some very large institutions have started to get into a significant amount of trouble because of all the reckless betting that they have been doing.\u00a0 This is something that I have warned would happen\u00a0<a title=\"over and over again\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/tag\/derivatives\">over and over again<\/a>.\u00a0 In fact, I have written about it so much that my regular readers are probably sick of hearing about it.\u00a0 But this is what is going to cause the meltdown of our financial system.<\/p>\n<p>Many out there get upset when I compare derivatives trading to gambling, and perhaps it would be more accurate to describe most derivatives as a form of insurance.\u00a0 The big financial institutions assure us that they have passed off most of the risk on these contracts to others and so there is no reason to worry according to them.<\/p>\n<p>Well, personally I don\u2019t buy their explanations, and a lot of others don\u2019t either.\u00a0 On a very basic, primitive level, derivatives trading is gambling.\u00a0 This is a point that Jeff Nielson made very eloquently\u00a0<a title=\"in a piece that he recently published\" href=\"https:\/\/www.sprottmoney.com\/blog\/the-derivatives-market-bets-bookies-and-fraud.html\" target=\"_blank\">in a piece that he recently published<\/a>\u2026<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun Warren Buffett once referred to derivatives as \u201cfinancial weapons of mass destruction\u201c, and it was inevitable that they would begin to wreak havoc on our financial system at some point.\u00a0 While things may seem somewhat calm on Wall Street at the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[109,4889,1668,5983,9691,3264,429,4901,860],"class_list":["post-13138","post","type-post","status-publish","format-standard","hentry","category-economics","tag-capital","tag-collateral","tag-derivatives","tag-economiccollapseblog","tag-financial-bets","tag-gambling","tag-insurance","tag-michael-snyder","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13138"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13138\/revisions"}],"predecessor-version":[{"id":13139,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13138\/revisions\/13139"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}