[MONEY] Meanderings - USD, guage for market fear/risk since 2010, VIX no longer useful

[Zenaan Harkness]

Interview with "Mr. Gold" Jim Sinclair of jsmineset.com
(57 years trading in the USA and world markets)
https://www.youtube.com/watch?v=T7VD2z7jDNg
"
OTC (over the counter) derivatives (whatever that means), have grown
massively, beyond world money availability;

this has no precedent
"

"
capitalism is dead as a doornail;

and when you've killed markets [the case asserted], you've killed the
golden goose;

when these 'geniuses' from schools of technological background, not of
an economic background, started to control the markets, what there is
and has been is a shark eating fest;

and at first it eats the investors, not a lot of them around,

and then after it finishes eating the investors, it eats the speculators

now the sharks are having a wonderful time - that's the international
investment banks and institutions and hedge funds - but there comes a
time when you've destroyed every group except one - you;

right now, they're eating each other, and the eventuality is, getting
back to your steam pot, there's gonna be a day, when there's only one
shark left, one very fat shark left, and what happens next?

that shark starves to death because it ate all the food;

so the end of this is the explosion of that steam cooker,
which is called "capitalism".
"

"
Q: Could rising rates cause the pressure cooker to get closer to
exploding?

A: If rates break free|three [not sure], it's going to turn the
algorithms away from everything else, onto one thing: the largest market
in the world - interest rates;

and you're gonna have the fastest moving interest rates, just like when
Trump was elected - that's what the interest rate market is gonna look
like; and that's gonna have an impact on every single derivative that's
out there because every derivative has an interest rate criteria

So you have a pressure cooker bomb cooking ... and it makes gold a
storehouse of value, not a currency, just a storehouse of value, turns
it into a savings account, the only one that will work
"

"
the bond market is going to explode ... including equities
"

"
Russia, Singapore, China [gold holders] will determine the new markets
after the crash
"

"
the system is broken; there is no repair
"

"
Q: Could we end up with a Mad Max type scenario, until the new system
which will be something ancient [gold], until that new system takes hold?

A: All at the same time, yes. Because when it gets so bad, as it did in
Weimar [Republic], people will accept something as a solution, which is
really not a solution;

the Rentenmark was no solution; the Rentenmark which was said to own the
real estate of Germany, did not own the real estate of Germany, but it
turned the whole thing around.
"

"
there are no markets, it's gonna blow, and you better be ready
"



---------------
5 to 7 years, for Russia, China and India to completely reject dollars
and euros, thereafter take payments in national currencies instead.

>From the halls of Pravda no less.


Russia, India and China prepare a strike against dollar
http://www.pravdareport.com/video/02-12-2016/136333-russia-0/


Similar:

Russia, China and India work on major yet natural attack on US dollar
http://www.pravdareport.com/news/business/finance/02-12-2016/136320-russia_china_india_dollar-0/



---------------
Markets going nuts:
http://www.zerohedge.com/news/2016-12-05/what-happens-next

as easy NIRP and ZIRP money keeps pumping stock bubbles:
http://www.zerohedge.com/news/2016-12-05/wall-street-analysts-are-slowly-losing-it


A great S&P 500 regression graph, 1872+
https://www.advisorperspectives.com/images/content_image/data/ab/abe4dd41fa228c0076d1f1d5f556a8b2.png


from the comments:
   A market that does not go down on bad news is euphoric... a classic
   last stage of a bull-market. 

   "Bull markets are born on pessimism, grow on skepticism, mature on
   optimism and die on euphoria."


VIX no longer useful guage of market fear/risk, USD is instead, says
BIS/ Bank of International Settlements:
http://seekingalpha.com/article/4028329-vix-dead
"
The situation the BIS and others are talking about isn't really a
secret, and many are concerned about this situation. However, crises
have a tendency to take longer to materialize than people expect, so
it's entirely feasible that for the moment, the more optimistic reading
of BlackRock turns out to be right.

On the other hand, when crises do emerge, they are usually triggered by
something that in itself wasn't really all that significant, and these
financial crises tend to spread way faster than people imagined. This is
especially true in the heavily leveraged and interlinked global
financial system of today where lots of people will run for the same
exit at the same time.
"



---------------
Deutsche Bank CEO:
http://www.zerohedge.com/news/2016-12-05/deutsche-bank-ceo-warns-employees-europe-endangered-after-italy-vote
"The environment remains uncertain with a number of potentially frosty
developments. The result of the constitutional referendum in Italy is a
harbinger of renewed turbulence that could spill over from the political
arena to the economy – with Europe particularly endangered."



-- 
   Certified  Deplorable  Fake  News  Nazi (TM)(C)(R)
     Executive Director of Vice, Ministry of Winning
 Shilling for buxom Russian swastika clad minxes since 1488