Wednesday, March 14, 2012

CME Withdraws from European Derivative Responsibilities- LOOK OUT CRASH DEAD AHEAD!!!!

The Rumor Mill News Reading Room 

CME Withdraws from European Derivative Responsibilities- LOOK OUT CRASH DEAD AHEAD!!!!
Posted By: Susoni [Send E-Mail]
Date: Wednesday, 14-Mar-2012 14:00:22

THIS IS HUGE!!!!!!!!!!!!!!
LOOK OUT CRASH DEAD AHEAD!!!!
Responsibilities The CFTC just released this announcement related to the CME withdrawing as a European Derivatives Clearing House:
March 13, 2012
CFTC Vacates CME Clearing Europe Limited Registration as a Derivatives Clearing Organization
Washington, DC--At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.
http://www.cftc.gov/PressRoom/PressReleases/pr6208-12
Did you catch that the removal of the status was "AT THE REQUEST OF THE CME"?
There is a RAGING wildfire behind the scenes as the entire
$50,000,000,000,000 Credit Default Swap market is imploding due to the Greek default. The losses will come fast and furious once the auction is held on March 19th. The ISDA's 2009 "Big-Bang Protocol" will be put to the test next
week.
More for Private Road Members in this weeks Friday Road Trip.
You can sign up for the Private Road here:
http://www.roadtoroota.com/public/10.cfm
It was a very tough week for the CME. Their CEO leaves, another commodity brokerage house gets in hot water and now they are withdrawing from European derivative clearing right when their services will be needed the most...I WONDER WHY?!
May the Road you choose be the Right Road.
Bix Weir
http://www.RoadtoRoota.com
http://www.cmegroup.com/

2 comments:

Anonymous said...

Reader: "If we leave it to the MSM we will never know what is happening behind the scenes" Posted By: hobie [E-Mail] Date: Wednesday, 14-Mar-2012 15:25:45
In Response To: CME Withdraws from European Derivative Responsibilities- LOOK OUT CRASH DEAD AHEAD!!!! (Susoni)// (Thanks, A. :) Reader AP writes:...//
If we leave it to the MSM /mainstreamMedia/ we will never know what is happening behind the scenes, so do not look there for answers. The alternative will demand that you really use your discernment, but if you know where to look, you will find obvious answers... In the MSM, everyone is excited and buying bank stocks, because they "passed the stress test" (well not all of them, but you get me), and the DOW "looks" very "promising". Those that do not know (or do not want to know) any better, are being set up for sucker trade, while some are buying guess who is selling, because they know what is really happening... // Articles In This Thread:
CME Withdraws from European Derivative Responsibilities- LOOK OUT CRASH DEAD AHEAD!!!! (views: 1680) Susoni -- Wednesday, 14-Mar-2012 14:00:22 // BE SMART AND OPEN CERTIFICATE OF AUTHENTICITY: $50 BILLION TO WB/IMF.. LEAVE GREECE HOLDING SNIPE BAG (views: 366) w.51445 -- Wed, 14-Mar-14:53:12 // Reader: "If we leave it to the MSM we will never know what is happening behind the scenes" (views: 199) hobie -- Wednesday, 14-Mar-2012 15:25:45

from: http://www.rumormillnews.com/cgi-bin/forum.cgi?read=233510

Anonymous said...

Financial Time Bomb: Five Megabanks Monopolize $700 Trillion Derivatives Market. Posted By: RumorMail [Send E-Mail] Date: Friday, 16-Mar-2012 13:21:14. This message is available online at http://www.WantToKnow.info/banking_finance/derivatives_market_bubble_financial
Dear friends, According to many top financial analysts and the revealing news articles below, the $700 trillion financial derivatives market may be a time bomb waiting to explode with catastrophic consequences. $700 trillion is more than 10 times the GDP of the entire world and equivalent to $100,000 for each of the 7 billion inhabitants of our planet. These financial instruments have a legitimate place in hedging risk, yet the recent explosion of growth in the global derivatives market has created a huge potential for massive instability. According to the most recent report from the U.S. government's Office of the Comptroller of the Currency (OCC), the total value of derivatives has increased approximately 1000% since 1996, and 250% since 2006 (see graph on page 12 of the OCC report). Derivatives continued their rapid climb even in the midst of the global recession that started in 2008. Most disturbing is the fact that 95% of all U.S. derivatives are monopolized by just five megabanks and their holding companies. The below verbatim excerpts from major media and government reports speak for themselves. What they don't mention is one simple measure which could greatly decrease the risk of the derivatives bubble bursting. A simple tax of 0.25% (1/4 of 1%) on each speculative financial transaction would change the whole risky game. European citizens pay a value added tax (VAT) of 15% or more and most U.S. citizens pay a state sales tax of up to 13% on purchased goods. So why not add just a small tax on all speculative transactions? This would also net hundreds of billions of dollars in tax receipts, easing the growing world debt. Thankfully, politicians are slowly becoming aware of the huge risk of the derivatives bubble and are taking steps in the right direction, but there is a long way still to go. And the financial speculation tax has yet to gain traction. By choosing to educate ourselves and spread the word on this vital issue, we can make a difference. For concrete ideas on how you can play a part, see the "What you can do" box below the article summaries. *** http://www.WantToKnow.info/banking_finance/derivatives_market_bubble_financial#what ***
*** With best wishes for greater financial integrity,Fred Burks for PEERS and the WantToKnow.info Team. Note: For those who would like a simple explanation and very brief history of derivatives, click here: http://www.rediff.com/money/2005/apr/19perfin1.htm ***
Articles In This Thread: Financial Time Bomb: Five Megabanks Monopolize $700 Trillion Derivatives Market (views: 718) RumorMail -- Friday, 16-Mar-2012 13:21:14 //
Reader: The collapse is beginning in Ireland !! (views: 733)Susoni -- Friday, 16-Mar-2012 15:06:33
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=233703