The Impending Undeclared Default Of 5 Major US Banks
January 30, 2012, at 10:05 pm
by Jim Sinclair
The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association.
This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.
jsmineset.com
The Most Powerful Body In Finance And What They Mean To You
January 30, 2012, at 7:37 pm
by Jim Sinclair
I was interviewed today concerning the most powerful body in the financial world that now holds in its hands the near future of all markets, from currencies to commodities, based on a single edict to be given.
The interview is being processed and should be posted here later this evening.
This organization supersedes all governments and central banks today in terms of the financial power they edict. This organization can have a greater impact on your pocketbook than the FASB did when they killed "true value" accounting.
This body is made up of the key players of the five largest banks in the USA and other countries. This body by their actions this week will guarantee QE to infinity.
This is relevant to all your assets, yes all. If you have the time listen to it please. If you don’t have the time listen to it please. If you don’t listen to it do not blame me when all hell breaks loose six months from now.
Not one word about this body was on the airwaves today, yet this group by a simple decision rules the financial plant. They will be making this edict in just a few days. They have to do it again this year. It is then that you know what will hit the fan.
I feel this is it for jsmineset.com tonight. I do not want to write another word and detract from the revelations you will hear.
Your financial future, even if you have never heard of them, is in this organization’s hands. Check in later for the interview. If you don’t check in your finances might just check out.
Please remember you have been informed of this impending edict as a service to the community.
Respectfully,
Jim
jsmineset.com
In The News Today
January 31, 2012, at 12:00 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This Post
Jim Sinclair’s Commentary
Economic War regardless of the rationalization
Wegelin clients pulled $4 bln, prompting sale-paper
Sun Jan 29, 2012 7:58am EST
ZURICH, Jan 29 (Reuters) – The break-up of Switzerland’s oldest bank Wegelin, involved in a row with U.S. authorities over tax cheats, became necessary when clients pulled 4 billion Swiss francs ($4.35 billion) of wealth, Der Sonntag newspaper reported on Sunday, citing unspecified sources.
Under pressure from the investigation, the 270-year-old institution moved assets of 21 billion Swiss francs ($22.9 billion) to a subsidiary Notenstein Privatbank, which was then bought by cooperative bank Raiffeisen.
Wegelin is still left with U.S. assets under scrutiny from U.S. prosecutors.
In his first interview since news of the sale broke on Friday, Wegelin head Konrad Hummler told the paper he had done the right thing at the right time.
"We became the victims of a larger matter. I don’t want to say more than that," he said in a separate interview.
Citing unnamed sources, Der Sonntag said the purchase price for the bank’s good assets was somewhere between 2.5 and 3 percent of the 21 billion-franc total, putting the price tag somewhere around 500 and 600 million francs.
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