NY Fed Goes After Silver Rigger
You can't make this up. Just weeks before the London Silver Fix goes by the way of the DoDo Bird the NY Fed slams the Bankster responsible for the ending of the Silver Fix ...Deutsche Bank for having much too high derivative leverage!!
NY Fed Slams Deutsche Bank (And Its €55 Trillion In Derivatives): Accuses It Of "Significant Operational Risk"
But that's not the half of it. There are rumors that the companies picked to "replace" the Silver Fix (CME and Reuters) are NOT going to carry on the original "Silver Fix" at all but create a brand new transaction based electronic system that will report something called the "London Silver Price"!
So what happens to the MASSIVE amount of silver derivative contracts that Deutsche Bank wrote that were dependent on settlement based off the "SilverFix" after August 14th??
Poof! Hello weapon of Mass Financial Destruction as counter-parties to Deutsche Bank's 55T Euro derivative book will be decapitated in a Global Derivative Meltdown!
Those who think the ISDA will come to the rescue with a revised definition of the "Silver Fix" don't understand that this is all being done ON PURPOSE!
The only question left...WHAT WILL WE DO AFTER THE CRASH?
That is where the decision for FREEDOM will be either demanded by the People or forfeited by the People.
I choose FREEDOM...what about YOU?
May the Road you choose be the Right Road.
Bix Weir
