Global Derivatives Market Has Already Suffered A Staggering $300 Trillion of Losses, Fed Lost $151 Billion in Bond Values, Gold Drops Below $1,200, Smart Money Is Heading For The Exits!!!

Jim Rogers: “This Is Too Insane–And I’m Afraid We’re All Going To Suffer For The Rest Of This Decade”

When asked about the explosive riots occurring in Brazil, Jim warned to prepare for much more, in that, “This is the first time in history where you’ve had all the central banks in the world printing money at the same time. Europe, Japan, America, and the UK, all, are frantically trying to debase their currencies…I’m afraid that in the end, we’re all going to suffer perhaps, worse then we ever have, with inflation, currency turmoil, and higher interest rates. As I say, this has never happened before, it’s never been a good policy in the long run, so I’m afraid we’re all going to suffer for the rest of this decade from this crazy, crazy money printing.”

http://bullmarketthinking.com/jim-rogers-this-is-too-insane-and-im-afraid-were-all-going-to-suffer-for-the-rest-of-this-decade/

$300 Trillion In Derivatives Losses To Lead Gold’s Rebound

Today Egon von Greyerz warned King World News that the global derivatives market has already suffered a staggering $300 trillion of losses.  These massive derivatives losses, which are being hidden from the public, will help lead the rebound in gold as it begins the next of its bull market.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview.

Greyerz:  “A few years ago when the problems in Greece started, it was found that the Goldman Sachs had helped them to hide the real truth of their economy by a major derivatives positions.

Now we’ve found out that Italy has done exactly the same thing.  They took out derivatives in order to meet euro criteria back in the late 1990s.  They had a total of $31 billion of derivatives and now they are finding that at least $8 billion of that is worthless.  That’s about 30% of the entire position….

http://kingworldnews.com/…/2013/6/28_$300_Trillion_In_Derivatives_Losses_To_Lead_Golds_Rebound.html

Smart Money has been heading for the exits.

Paulson: Why Is the Fed the Only Game in Town?

…The markets have experienced a broad selloff since Fed Chairman Ben Bernanketold Congress last week the central bank could reduce its $85 billion in monthly purchases of Treasurys and agency mortgages this year. But to Paulson, it seems the selloff came as no surprise.

“When you have a big, ugly problem, there’s never going to be a neat, elegant solution that is totally painless or without a cost and to me it’s just completely unrealistic to assume that those programs could be phased out without some market volatility and some pain,” Paulson told CNBC’s Maria Bartiromo on “Closing Bell.” “Market participants, some of them, are addicted to these abnormally low interest rates.”

http://www.cnbc.com/id/100849121

Read more at http://investmentwatchblog.com