The following is an interview with Tom Bodrovics of Palisades Gold Radio regarding the visible disruption and failure onset of the silver price rigging system centered in the City of London and New York: David Jensen: We Are In The End-Stages of Bullion Banks Ability to Modulate the Silver Price
If JP Morgan is too big to fail, what will happen to SLV ETF holders during a revaluation? Short of bankruptcy, isn't the custodian still liable for all the silver? If it goes to cash settlement, what would be the legal/contractual basis and how would they determine the settlement price?
International banks...? Let's imagine HSBC USA goes bankrupt. Would HSBC in Hong Kong be bankrupt as well? Worldwide bankruptcy? While listening I thought, my view of "one company" must be infantil - just a daughter bankrupts. And we live in times of strange constructions and nothing is as it seems.
I think the scale of the fraud is going to result in such great withdrawals from the bullion banks that, even if they can sterilize losses to sub-corps, that they will all fail in the end as investors pull assets.
Thank you for your answer David. I am by far no expert, but we have seen how UBS was forced to swallow CS, that WEFland would rescue some rest of reputation. HSBC left many countries (Canada, France). The bank makes 78% of gains in Asia and is reducing western footprints. I understand this as "shrinking healthier". Finally I wonder if locations like Hong-Kong and Singapore would allow a bank faillure. These areas are not "reigned" but managed. As bullion banks are in Shanghai and talking to Chinese leadership... - China is about business. And finally Alasdair and his goldbacking currencies come into my mind. Might be my imagination does not allow such a western made disaster in Asia. They should have known as we did. Thanks for your view - yes, when a bank's reputation is lost, what is left?
If JP Morgan is too big to fail, what will happen to SLV ETF holders during a revaluation? Short of bankruptcy, isn't the custodian still liable for all the silver? If it goes to cash settlement, what would be the legal/contractual basis and how would they determine the settlement price?
Good questions - we are about to find out in the weeks and months ahead.
International banks...? Let's imagine HSBC USA goes bankrupt. Would HSBC in Hong Kong be bankrupt as well? Worldwide bankruptcy? While listening I thought, my view of "one company" must be infantil - just a daughter bankrupts. And we live in times of strange constructions and nothing is as it seems.
I think the scale of the fraud is going to result in such great withdrawals from the bullion banks that, even if they can sterilize losses to sub-corps, that they will all fail in the end as investors pull assets.
Thank you for your answer David. I am by far no expert, but we have seen how UBS was forced to swallow CS, that WEFland would rescue some rest of reputation. HSBC left many countries (Canada, France). The bank makes 78% of gains in Asia and is reducing western footprints. I understand this as "shrinking healthier". Finally I wonder if locations like Hong-Kong and Singapore would allow a bank faillure. These areas are not "reigned" but managed. As bullion banks are in Shanghai and talking to Chinese leadership... - China is about business. And finally Alasdair and his goldbacking currencies come into my mind. Might be my imagination does not allow such a western made disaster in Asia. They should have known as we did. Thanks for your view - yes, when a bank's reputation is lost, what is left?
Fantastic interview David.
Thank you Des.
Much appreciated.
David