Re: Dan Norcini...the pieces keep falling into place
in response to
by
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Message: Dan Norcini...the pieces keep falling into place
along the same lines...."The Man" is about to meet his Waterloo..
There is a key development which escapes all analysts. It is the long term bond. Here is a graph courtesy of INO.com:
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Note: the fall in the Long Bond to 116.09
You will recall that the centre of the huge derivative bonds is the so called
interest rate swaps.
Here JPMorgan is the largest player. In simplistic terms, the trade is as follows:
JPM shorts the 3 month treasuries with a yield of .09% and buys 30 yr bonds with a yield
of 4.5% all in the future.
The total future bond purchases total in the hundreds of trillions of dollars.
Kirby has identified this in his article the Elephant in the Room.
Suffice it to say, this move forces mega purchases of real bonds and keeps interest rates
low. However, if bond yield rise above 5% or if the price of the bond falls below 116.00, then
JPMorgan would face a huge loss that they cannot pay.
We believe that they own themselves over 100 trillion dollars of these future bonds.
A one percent rise in yield or a fall in price of 1% would cause a loss of 1 trillion dollars to JPMorgan. (100 trillion dollars x 1% equals 1 trillion dollars)
This is the neutron bomb that will level the entire banking field.
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