All over the planet, large banks are massively
overexposed to derivatives contracts.
Interest rate derivatives account for the biggest chunk of these
derivatives contracts. According to the
Bank for International Settlements, the notional value of all interest rate
derivatives contracts outstanding around the globe is a staggering 505 trillion
dollars. Considering the fact that the
U.S. national debt is only 18 trillion dollars, that is an amount of money that
is almost incomprehensible. When this
derivatives bubble finally bursts, there won’t be enough money in the entire
world to bail everyone out. The key to
making sure that all of these interest rate bets do not start going bad is for
interest rates to remain stable. That
is why what is going on in Greece right now is so important. The Greek government has announced that it
will default on a loan payment that it owes to the IMF on June 5th. If that default does indeed happen, Greek
bond yields will soar into the stratosphere as panicked investors flee for the
exits. But it won’t just be Greece. If Greece defaults despite years of
intervention by the EU and the IMF, that will be a clear signal to the
financial world that no nation in Europe is truly safe. Bond yields will start spiking in Italy,
Spain, Portugal, Ireland and all over the rest of the continent. By the end of it, we could be faced with the
greatest interest rate derivatives crisis that any of us have ever seen. May 25
http://bit.ly/1Fg0T9S
The news
comes to us on May 25 First Quarter Moon. A chart for the Moon phase at Athens will
help to answer the question of whether there is any possibility of a Greek default. Notice that the chart is the same as the one
presented in the previous post on Macedonia so that the following section
applies here too.
Given below is a summary extract from Nick
Fiorenza about the stars on the MC for Skopje and on the Ascendant for
Washington and those conjunct the Moon. This area of late Leo is of foul breezes and
smoke screens. It is also of those behind the scenes, of political-religious
figureheads manipulating the affairs of the world for personal motive while
offering salvation from the human struggle.
It is also of global-level grand spectacle, often time of a diversionary
nature created by world powers with hidden agenda.
The Moon conjoins Alpha and Gamma Sextans.
The sextant is a navigational instrument used to determine the vertical
position (angular distance) of the sun, moon or stars from the horizon. The
Sextant’s stars reveals our need to reassess our position or situation, to
reorient ourselves, and to take a new tack toward our goals in life with
conscious consideration for the changing evolutionary winds and currents upon
which we must navigate. On a basic
level this can be in regard to changing our fundamental approach or path in
life. On a greater scale, this can be in regard to changing allegiance of our
energies from the outer world, self-sacrificing to diversionary forces or
currents in the world around us, to the vertical integrity of our inner soul /
source directive and truth.
The stars of
the sextant conjunct the Moon are encouraging Greece to take a new tack and
change allegiance to the powerful institutions like the EU and the IMF which have
been manipulating them. Let us remember that Neptune in the combination is
about “bubbles” and when it contacts realistic Saturn bubbles usually break. This
can come about through a default on the loan payment and a return to the
drachma. But will the Greeks have the courage to do this? Only time will tell.
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