Jim's Rant For The Day. The Repo Problem.

There is a lot we know about the current Repo problem and a lot we don't know. Many believe Trump is trying to take down the central bankers in the next year or so. If so he is trapping them and letting the FED paint itself in the corner and then take the fall. See: Bill Still's 14 Minute Video: The Truth About Fed’s Interest Rate Cut. But then see this 10 minute video: Did The Banks Just Tell Us A Massive Crash is Coming? w/Richard Wolff My take on the bottom line: Two elephants are fighting it out now and there are no guarantees on how it will end. Best to take cover. All experts on Repo Problems say if it lasts longer than 3 or 4 days then it is a serious problem of banks failing. Two hours ago the FED made this announcement - They will continue to funnel massive amounts into Repos all next week, then make TERM Repos (that will never be paid back), then in November make more massive loans to the banks. Folks, this is a BAIL OUT, but this one appears to not be backed by the U. S. The fed is in panic and is risking its neck all by itself. See: Liquidity Scramble: Fed Announces Overnight Repos Every Day Next Week, Introduces Term Repos My opinion on the probable problem: The big banks were in on the bombing of the oil refinery in Saudi Arabia (had foreknowledge) and the torching of 3 other refineries around the world this week. They went all in betting on the oil prices going sky high as a result. Trump screwed them by opening up our oil reserves and the banks lost big on the bets and now cannot pay off those bets. Without other banks lending them Repo funds (due to fear they would never get their funds back), the FED now owns those bad bets. They will pour Trillions into the banks and eventually go down with them. They are all screwed. Time Projection: Who Knows? This is a major problem that is not going away. Best be prepared as the banks will crash.

P. S. If I am correct that the banks had foreknowledge then that is red handed evidence that the banks create wars for profit.