Bix Weir says First of all here’s my interview with Kerry Lutz from last week.
Bix Weir: Financial Collapse is Happening Now!
Notice I talk a lot about the Deutsche Bank 10.00 Euro stock threshold that may trigger the CoCo bonds. On Friday, a few days after this interview, Deutsche Bank stock hit 9.90 on an intraday basis. This may have triggered some of the 5B Euro CoCo bond conversion. Not sure as all the contracts are written differently but clearly there was a reason for that move below 10.00 Euros.
Interestingly, Deutsche Bank is supposed to release their 3rd quarter earnings on Oct 27th…that is the day before the Bad Guys’ rumored to destroy the system on Oct. 28th!!
So who is winning? Was my prediction that the Good Guys planned to destroy the system starting in September correct or are the Bad Guys going to get their way again and stall until the end of October?
The truth is…
THE GOOD GUYS HAVE DONE IT!!
They started this crash with the attack of the largest derivative holder in the world, Deutsche Bank, and they have followed that with the support of Congress in the passing of the JASTA Law!!
We are in the middle of the take down right now and where it goes from here is entirely uncertain as this has NEVER happened before. There has never been a Global un-backed/electronic Fiat Monetary System that has crashed. Not even close. Will it end with hyperinflation? Hyper-deflation? Or a full STOP of everything?
My guess is a little of all of it.
Remember, this crash is NOT being CAUSED by the Good Guys or the Bad Guys. This crash is going to happen because the prices you see everywhere are ARTIFICIAL. Nobody has to “cause” the crash. All that has to be done is to remove the artificial support and BOOM…look out above and below!
So buckle up and remain in your seats for the remainder of this show.
It gets much more exciting from here on out!
May the Road you choose be the Right Road.