TheTiesThatBindPreview
Open in TheBrain

March 2011

1. Swaps climb as worst post world war crisis looms

2. Portugal does not want to lose sovereignty with IMF bailouts

3. Ireland want to renegotiate terms of bailout

* 25 March 2011

1. IMF activating a $583 Billion crisis pool

2. Assassinated Japan finance Minister

3. Portugal downgraded to BBB with potential further downgrades

4. Trichet ( ECB president), King ( BOE governor) haunted by Bank of Japan ‘lost decade’ interest error

5. Spanish banks most at risk with Portugal debt crisis

6. EU aims for a EU 440 billion fund by June

* 28 March 2011

1. Goldman grappling with Volker Rule and ignoring it.. Among the most profitable income streams for Goldman comes from 2 units trading with its own clients money which is now at risk with insider trading investigation before Congress. Grupta & Rajratharum case. Special Situations Business still operating. Difference between Proprietary Trading versus Investment business. Goldman using its own capital versus lending. Investments are not loans; it means we trade your debt on the secondary market. Buying & selling loans is different from making loans. Wosnitzer says “Goldman is fudging the line.” They are using loans in a different way. A whole series of different scenarios occur between an Investment Bank and Commercial Bank making loans. Goldman Sacks & THE SPECIAL SITUATIONS GROUP. (FOLLOW!!!)

2. Ireland wants senior Bondholders to share Bank losses as ‘final’ solution

3. Zimbabwe Mugabe vows to force foreign mining companies to sell stakes in Zimbabwe

4. OIL-The Libya war is likely to be protracted, and Qaddafi has announced his war chest. The bottom line, 1, 6 million B/ D are out of the market, and Syria , Yemen et all political status unstable, all of which effect global supply.

5. EU Debt woes worsen with Portugal on the brink with bond spreads expected to rise for Ireland, Portugal & Spain.  In Germany, the only anchor to the Euro, Merkel has lost support on nuclear proliferation & EU Sovereign Debt bailout status.

6. SADC calls for  nationalism persist, as the race for security of natural resources persists

7. Qaddafi has $7 billion in bullion to fund war

8. European Bank funding clashes with Basel 111 rules clash with solvency11

* 30 March 2011

1. Irish stress tests may leave Banks with State Control.( NB IMF Agenda) Allied Irish ( down 75%), Anglo Irish ( down 85%) & 2 largest Insurance companies on the block for Nationalization

2. Portugal tipping point as it runs out of cash

3. OIL- US: Obama confronts supply shock

4. Iran report CBS on ‘The Extinction Protocol’ web site and potential for Middle Eastern/ N African contagion.