Bill Holter’s Commentary
This toon is very appropriate and very timely …but please don’t “laugh” at it!
I did not intend to write today but 3 events warrant a heads up.
1. Deutsche Bank may be having their “Lehman moment” as 10 hedge funds have withdrawn funds and are cutting exposure with DB.
This is how a “bank run” starts folks! Quite convenient that this Monday I believe is a banking holiday in Germany. If this is truly a Lehman moment, we will have a far larger event in a very compressed timeframe than we had in 2008.
2. The veto of the Saudi 911 bill was overridden in the House and Senate.
The ramifications of this are beyond human comprehension to understand how widespread the fallout can be. Think “Rollover” by multiples with the added negative the U.S. is no longer the sole military superpower in the world. I wrote about this last week, the important thing to understand is the assets that get sold in dollars…will not remain in dollars very long!
3. It looks like John Kerry is threatening to cut off diplomatic ties with Russia.
This is horrific on so many levels, particularly to the survival of the human race. Please understand the “timing” of this particular item. All three of these events are happening at one time, if you believe it’s a “bad coincidence” you are wrong in my opinion. The takedown of the Western standard of living is happening in real time, right now. Ignore this at your own risk!
Jim Sinclair’s Commentary
MSM would have you believe that these two died of alcohol poisoning. Sure!
Minnesota JP Morgan Employee, 37, And Her Trader Sister, 42, Are Found Dead In Their $1,800-A-Night Villa At Luxury Resort In The Seychelles After A Day Of Drinking
September 28, 2016
Two sisters from Minnesota were found dead inside their luxury resort villa a week into their vacation in the Seychelles.
Annie Korkki, 37, and Robin Korkki, 42, were discovered in their villa at the Maia Luxury Resort and Spa last Thursday around noon, authorities in the Seychelles said.
The sisters, who had been on vacation on the tropical island off the coast of Africa since September 15, were found unresponsive and were later pronounced dead at the scene by a doctor.
Trump’s ‘Ugly’ Claim About Stocks Is Backed By Morgan Stanley Economist
September 29, 2016
“We are in a big fat ugly bubble, and we better be careful,” declared Republican presidential nominee Donald Trump at the first of three debates with Democratic rival Hillary Clinton on Monday.
The statement was one of many zingers Trump lobbed as he attempted to cast the economy and the U.S. market as standing on a precarious footing. It is a charge that, in part, he hopes will serve as a rebuke to President Barack Obama’s presidency and indirectly to Clinton who served as U.S. Secretary of State.
At least one Wall Street economist agrees with Trump.