Jim's Daily Rant. Information Overnight From Overseas.
Early News Regarding Overseas: Is a margin-call induced stock market selloff imminent? Wall Street Silver Article "Default insurance (CDS) on Credit Suisse is approaching same level as during the collapse of Lehman Brothers…" Pound Flash Crashes 500 pips To Record Low Amid Global FX Carnage As Things Start Breaking. Tyler Durden Article: "Just as last week ended, with a relentless meltup in the exponentially rising US dollar, coupled with a collapse in cable, the yen, yuan, euro and so on, not to mention stocks and bonds, so the new week begins only this time the moves are even faster, even more brutal and even more acute, as we approach the breaking point."" 3rd Largest Bank In USA [Citi] Just Did Something Very Scary!! - Patrick Humphrey Preparedness. CITI pulled all operations out of China last week. 9 Minute Video Conclusion: All the above indicates the bankers have lost control of their Ponzi schemes.