The “central clearing exchanges,” like the Depository Trust Clearing Corporation, are giant derivatives-infested vipers nest which harbors the next – and possibly imminent – financial system collapse.

TND Podcast Spotlight:  Shadow of Truth #104

Central counterparties keep records of trades and help suck risk out of the banking system, but this only works if they themselves are well capitalised and have plans in place to deal with a sudden collapse of one or more of its members and get close to failure. Otherwise, they’re just unexploded nuclear bombs nestling deep in the financial system.   – Business Insider LINK.

Who are we kidding.  Since the 2008 de facto banking system collapse, the OTC derivatives problem has mushroomed out of control.   The Obama Government heralded in the Dodd Frank legislation, which allegedly made the financial system safer for everyone.  In reality it is nothing more than a fairlytale written with  the goal of allowing the Too Big To Fail banks to cover up their continued derivatives Ponzi scheme.

derivatives-buffetNow the BIS has issued yet another warning about the dangers lurking with derivatives. The “central clearing exchanges,” like the Depository Trust Clearing Corporation, are giant derivatives-infested vipers nest which harbors the next – and possibly imminent – financial system collapse.

This is one of the reasons behind Carl Icahn’s recent candor regarding the U.S. financial system:  “sooner or later there’s going to be a massive problem.”  LINK

In today’s episode of the Shadow of Truth,   we discuss the reasons why the BIS is sounding the derivatives alarm bell again and why Carl Icahn has become “Dr. Doom” on the stock market:


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About Dave Kranzler:

Aspen1-dave I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics.  Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund. 

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About The Daily Coin:

the daily coin

Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became my latest incarnation. Prior to launching my own website and YouTube channel I began working with Sean at SGTReport.com in 2012 and still contribute, daily, to his website.  The YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 2014. My original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, Silver Doctors and The News Doctors just to name a few. I have interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.