Jim Sinclair 5 major US banks to default this week says Jim Sinclair

Breaking News Ellis Martin Report with Jim Sinclair

Just when you think the deception and enslavement can't get any deeper, you find out you are wrong. When QE happens, the big banks take this money at 1% interest, use it to buy sovereign debt of Greece at outrageous interest levels, making the problem bigger, but kicking the can further down the road like they always do so they can collect yet another bonus before the other shoe drops.This will eventually all blow up, These are the thugs that caused the depression on purpose. We are going down big time , they can wreck our currency, steal our pensions & stocks & have devious dual citizens like Lieberman craft tyrannical laws on the Americans , but they CAN'T get our guns!. In the final analysis, the 100 million US gun owners cannot be enslaved as long as we keep them.Jim Sinclair really isn't saying much. He's just pointing out something that is approaching and inflection point. His point is either way we are screwed. His conclusion is that the banks save themselves because they can. If it goes the other way its even worse. This would be a CDS trigger followed by counter party risk and contagion across the entire eurozone and beyond. This issue will resolve one way or the other .So the CDS market blows up. This is way understated. 7 billion $ is written against Greece alone. We are talking a financial meltdown...equities won't escape this either' this is 2008 ten fold. We lose all the hedge funds and most of the banks.